More countries landing in Chinese currency trap: Report

IANS | December 16, 2025 5:25 PM

New Delhi, Dec 16 (IANS) Countries that are switching to currency conversions and swap agreements in Chinese yuan for apparent short-term relief on interest rates are headed for trouble in long-term, as they end up with currency mismatches and tie up their national balance sheets closely to a financial system that lacks transparency and full convertibility, according to an article in Capital News.

Mamata Banerjee makes desperate attempts at managing a messy affair

IANS | December 16, 2025 5:23 PM

New Delhi, Dec 16 (IANS) People in West Bengal are said to be passionate largely about two things, sports and culture. It seems that both have played their parts in the state government’s desperate attempts at containing a messy episode, barely months before the Assembly election.