Bangladesh PM adviser Rashed Al Mahmud Titumir warned IMF loan conditions may slow growth and worsen inflation. Experts at a Dhaka seminar cautioned that rigid reforms, rising debt, and weak institutions could push Bangladesh toward economic and middle-income traps
Ganta Chinnamutthenna, a 56-year-old from Armoor mandal in Nizamabad district, spent nearly two decades working in Qatar before returning to India to start a dairy business. However, financial losses left him in a debt trap. After a year of struggling with his failed venture, he returned to Qatar to work for a new employer but reportedly struggled with depression, according to sources.
The activists of Telangana Rashtra Rythu Sangham (AIKS) leaders Ch Narendra Kumar and M Viswanatham said Congress party during Assembly elections announced that crop loans up to Rs 2 lakh of all the farmers would be waived but after coming to power many restrictions were imposed in its implementation.
Agriculture experts feel that if the banks turn their back on farmers, they would be forced to approach private lenders which will in turn land them in a debt trap.
