This comes after DGCA placed SpiceJet under "enhanced surveillance", which will involve increased spot checks and night monitoring to ensure the safety of the airline's operations.
The IMF observed that Pakistan's debt repayment faces significant risks and remains critically dependent on policy implementation and external financing. Pakistan also faces numerous challenges, like delayed adoption of reforms, high public debt and gross financing needs among others.
Solih said he had seen media reports that suggest Maldives President Muizzu wants to talk to India for debt restructuring. However, the financial challenges are not caused by Indian loans.
The family was forced to take the extreme step due to financial problems and alleged harassment by money lenders, said the police. The police have registered a case of murder and abetment to commit suicide against seven people, including the deceased couple for strangling their children.
The Pakistan International Airlines is experiencing a grave financial crisis after the Federal Bureau of Revenue (FBR) froze all of its bank accounts due to non-payment of taxes. This crisis was further exacerbated when the Pakistan State Oil (PSO) cut off its fuel supply.
The problems for PIA started when the Federal Bureau of Revenue froze all its bank payments in July for non-payment of dues. The airline's request for emergency funding and deferment of payments was also declined.
The real estate crisis in China exacerbated by Evergrande's failure to pay over $340 billion in debts has raised concerns of impacting global economy.
The Birmingham City Council on Tuesday filed a Section 114 notice to halt all spending except on essential services - which will not cover statutory services.
Kota suicide news: The mother-son duo lived in a flat on the third floor of a building in Borekheda police station area of Kota.
Three of the 11 grounded aircraft - including a Boeing 77, Airbus and ATR - are beyond repair due to lack of engines and other parts.
Signature Bank was the second bank to fail in this banking crisis, roughly 48 hours after the collapse of Silicon Valley Bank.
Sri Lanka crisis: The presidential secretariat which was occupied by the protesters from July 9 till Friday last is re-opened and the staff reported to work on Monday, officials said.
The government-run Ceylon Petroleum Corporation (CPC) stopped issuing fuel to any vehicle other than those involved in essential services.
The financial package includes doubling of the oil financing facility, additional money either through deposits or Sukuks and rolling over of the existing USD 4.2 billion facilities, The News reported.
Electricity will be switched off on a rotating basis between regions between 4:30 pm and 10:30 pm, according to officials. The state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of 541 MW to the national grid.
Amid the second wave of Coronavirus, the shooting of films in Mumbai was stopped, due to which junior artists of films are facing financial crisis.
Deepa Joseph from Kozhikode who used to work as bus driver at a college has started driving ambulance after colleges were shut in view of COVID19.
TV actor Ashiesh Roy, who has been suffering from kidney problems, has revealed that he will soon have to stop his dialysis as he will be left with no money.
With coronavirus fears impacting the Goa's tourism sector, umbrella body of mining dependents GMPF on Monday sought immediate resumption of mining activities in the state which is already reeling under a financial stress due to mining halt.
The company, majority-owned by ArcelorMittal, announced on its website that "568 people work at the plant which has produced steel products for more than two decades." As part of a strategic review of its operations, the steel manufacturer found that its Saldanha operations had lost their competitive cost advantage to compete in the export market, "mainly due to raw material and regulated prices"
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