Chinese 'Debt Trap' Adds To Sri Lanka, Pakistan Crises: Foreign Policy Expert
NDTV
China's Belt and Road Initiative (BRI) has left scores of lower and middle-income countries (LMIC) saddled with "hidden debts".
The ongoing crisis in Sri Lanka and Pakistan, fueled by the economic mismanagement by incumbent governments, has once again brought the focus back to the Chinese "debt trap".
Writing for the Times of Israel, Fabien Baussart said the crises are undoubtedly fed by politicians trying to enrich themselves while sticking to power. However, they get short term support from Chinese projects financed by the latter's banking institutions.
These factors add up to become an economic noose around the beneficiary's neck, said Mr Baussart, who is the President of CPFA (Center of Political and Foreign Affairs).
He argued that it is the Belt and Road Initiative (BRI) in Sri Lanka that caused the government to collapse in the face of street protests caused by severe shortages of essential commodities.
A Delhi court had issued an attachment order against Bikaner House in favour of Enviro Infra Engineers Pvt Ltd. The recovery amount from this heritage property is Rs 50 crore
Adani Group has asserted that these were mere allegations and must be seen only as that. It also said it would explore a legal course of action.
Telangana Chief Minister Revanth Reddy has ordered a thorough probe into the incident that occurred at Maganoor Zilla Parishad Government High School and sought a detailed report.
The Squirrel Cage Jail, an architectural marvel, is one of only three remaining revolving jails in the US, and it’s renowned for its eerie and unsettling design.
The possible involvement of an outsider in releasing the snake inside the train's coach is among the angles being investigated.
The Adani Group maintains that these are mere allegations and must be seen only as that.
Omar Abdullah requested the management to replace it with a chair of the same size as the others on the dais, garnering applause from those present at the event.
PM Modi dedicated the honour to the people of India and the deep-rooted historical ties between the people of the two countries.
Delhi Police directed social media and e-commerce platforms to immediately cease the online sale of firecrackers within the National Capital Territory
The Karnataka minister's order for action against the student has drawn sharp criticism from the Opposition BJP
The company said it had 'delisted' some of the fraudulent restaurants on its app that may have gamed the system.