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IMF Loan Remains Locked; What’s Pak’s ‘Plan B’ To Avoid Default?

Pakistan is all set to default by the end of this month. Its economic troubles continue to mount as the IMF bailout it is counting on to keep itself afloat remains locked.Just last week Pakistan government presented its budget that projected a modest 3.5 per cent economic growth. Pakistan’s Finance minister ishaaq Dar described it as a ’realistic target.’ Pakistan Finance Minister Ishaq Dar while talking to the press after presenting the budegt hinted at the Sharif government’s so-called ‘Plan B’ to avoid defaulting on its debt. But what is Pakistan’s Plan B? Watch to find out.

12 Jun 2023
News

Jammu and Kashmir’s residents investing in Pakistan amid economic crisis: Report

A Pakistan-based analyst said that Pakistani citizens will continue to suffer from living in a country plagued by low productivity, low economic growth, and poor public health services

2 min read27 Apr 2023
Videos

Is the fall of Silicon Valley Bank real?

Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg

6 Apr 2023
Videos

Is the fall of Silicon Valley Bank real? | Mint Explains | Mint

The video delves into the reasons behind the collapse of Silicon Valley Bank and how it will affect Indian startups. Silicon Valley Bank (SVB), a financial services provider specialized in serving technology startups, has announced a significant loss on its portfolio, causing panic among venture capitalists who instructed portfolio businesses to limit exposure and withdraw their funds from the bank. SVB’s clients are mostly US-based startups, with nearly half of all US venture capital-backed startups doing business with the bank. The impact of SVB’s troubles on the Indian startup industry is a concern, as many Indian startups raised funds from US investors and used SVB for their services. Despite the concerns about cash flow problems and delays in funding moves, the industry is far from panic mode and has weathered previous crises. It remains to be seen how SVB’s troubles will affect the startup world in the long term, but for now, investors and startups are staying alert.

6 Apr 2023
Videos

Silicon Valley Bank collapse: A Nightmare for Indian Startup Ecosystem | Mint Explains | Mint

The collapse of Silicon Valley Bank (SVB), a major player in lending and financing for technology startups, has sent shockwaves through the Indian startup ecosystem, which heavily relies on foreign investors and venture capitalists for funding. SVB’s exposure to 21 Indian startups, likely to be more than $1 billion USD, has left many in limbo, with disruptions and delays in accessing funds potentially compromising their ability to pay vendors, employees, and other stakeholders. The closure of SVB may reduce the availability of financing and banking services for Indian startups, particularly in the technology and life sciences sectors, and make it more difficult for these companies to compete in the global market. While the FDIC insures deposits up to $250,000 per depositor, startups that bank exclusively with SVB may still face difficulties if their working capital requirements exceed that amount. Other banks and financial institutions may provide alternative sources of funding and support, but the Indian startup ecosystem will undoubtedly need to adapt to this new reality.

2 Apr 2023
Opinion

Why the harsh bail provisions of UAPA have lived on

Its provisions make jail the rule and bail the exception well before guilt is even adjudicated.This can effectively condemn the accused to years of confinement without a trial.

4 min read22 Jun 2020
Politics

Special court extends DK Shivakumar’s judicial custody till 15 October

Shivakumar on 26 September had moved the Delhi High Court for a bail, after the special court dismissed the Congress leader’s bail applicationThe special court had also remanded Shivakumar to judicial custody till 1 October

1 min read1 Oct 2019
News

Government bailouts a moral hazard: Chief economic adviser K. Subramanian

Chief economic adviser Krishnamurthy Subramanian said the mindset of profit being ’private’, while losses are ’public’ is not good for the market economyThe chief economic adviser’s statement could temper expectations of a stimulus for cash-strapped Indian businesses

1 min read22 Aug 2019
Opinion

Opinion | Thou shalt not socialise losses

So long as private companies seek reforms that allow market forces to operate freely, they should not be faulted. Asking for special sector-specific benefits, however, is quite another thing

1 min read22 Aug 2019
Opinion

Opinion | The budget’s NBFC lifeline needs rework

The Centre’s bailout package for non-banking financial companies has novel measures, but sketchy details and shaky bits of its marquee liquidity proposal reveal a hasty job

2 min read8 Jul 2019
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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