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Climate change will likely exacerbate Indian rural household's debt burden

Editorial team, Carbon Copy  Ongoing shifts in rainfall and temperature caused by climate change are likely to increase the debt burden faced by rural households, particularly of marginalised groups in dry areas, an editorial in Carbon Copy magazine said. The piece cited a study in the journal Climate Change that argues that changes in climate, along with existing socio-economic differences - caste and landholding in particular — will deepen the size...

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In Nandurbar, delayed MGNREGA wages trap workers in a vicious cycle of debt and migration -Tabassum Barnagarwala

-Scroll.in A rise in work allocation through the pandemic saw an enthusiastic response. Now, delayed wages and reduced allocation forces workers out of the district again. Bardha Girdhar had to wait more than six months to get Rs 2,976 he had earned for digging trenches in Nandurbar. A farmer who own a patch of land of a little over two acres in the district, Giridhar spends some part of the year growing...

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Sri Lanka caught in a 'strategic Debt trap', faces worst economic crisis

-ANI/ Business Standard Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy. As Sri Lanka faces its worst economic crisis in decades and struggles to pay loans, China turns a blind eye after ensnaring the island nation into a Debt trap. Sri Lanka is now facing the worst economic crisis since gaining independence in 1948. The recession is attributed to foreign exchange shortages caused by the...

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Pakistan and Sri Lanka face political turmoil fueled by Chinese debt -Shishir Gupta

-Hindustan Times It is the unfolding crisis in Pakistan and Sri Lanka which is forcing countries like Maldives, Nepal and Bangladesh to think again on Chinese infrastructure loans and being part of the BRI initiative. During his trip to India last week, Nepal Prime Minister Sher Bahadur Deuba informally shared a conversation about Chinese foreign minister Wang Yi’s visit to Kathmandu in late March. The Nepalese PM, who has an equally political...

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