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India's freebie economy: When welfare becomes a fiscal ponzi

India, Aug. 26 -- Government welfare schemes are certainly not Ponzi, which literally requires new investors' money to pay earlier investors. Governments possess taxation powers and can legitimately b... Read More


SC to set up special bench to hear plea on OBC creamy-layer criteria

India, Aug. 26 -- The Supreme Court on Tuesday agreed to consider setting up a special bench to hear Centre's plea seeking clarification on the applicability of its March 11 judgement on OBC creamy-la... Read More


SC directs Tejpal to surrender within 3 weeks, rejects plea for exemption

India, Aug. 26 -- The Supreme Court on Tuesday directed journalist Tarun Tejpal to surrender within three weeks to undergo his 10-year prison sentence in a 2013 rape case in which he was convicted by ... Read More


SC refuses to hear plea against demolition of lawyers' chambers near Lucknow court

India, Aug. 26 -- The Supreme Court on Tuesday refused to entertain a plea challenging an order related to the demolition of lawyers' chambers allegedly constructed by encroaching on public land near ... Read More


Nchimbi's shock exit: What it means for CCM, the country

Tanzania, Aug. 26 -- Dar es Salaam. The resignation of Vice President Dr Emmanuel Nchimbi has added a new and unexpected chapter to a political career marked by a steady rise through the ranks of CCM,... Read More


Lenders reap as workers' appetite for salary advances grows

Nairobi, Aug. 26 -- Lenders are seeing a growing demand for salary advances and other payslip-backed short-term digital loans as workers increasingly turn to credit to bridge cash-flow gaps between pa... Read More


95 killed in Nepal flash floods; 133 Indians out of 750 missing

India, Aug. 26 -- Nearly 100 people were killed and over 750, including 133 Indian nationals, remain missing after a massive flash flood originating in Tibet swept through central Nepal on Wednesday, ... Read More


6 killed, 17 injured as private EV bus hits truck in Telangana

India, Aug. 26 -- Six people, five of them women, were killed and 17 others injured when a private electric bus they were travelling in collided with a truck in Telangana's Suryapet district on Wednes... Read More


Tanzania pledges to implement various monetary policies, regulatory measures to curb inflation

DODOMA, Aug. 26 -- THE Tanzanian government says it will continue implementing various policy and regulatory measures to enable commercial banks to provide loans at more affordable interest rates, inc... Read More


Lake Gregory severely polluted, CEA warns of health risk

Sri Lanka, Aug. 26 -- The Central Environmental Authority has scientifically confirmed that drinking water from Lake Gregory in Nuwara Eliya could pose a risk to human life, according to the Chairman ... Read More