Debt Relief

Farmers strike in Maharashtra: Vegetable, milk prices soar 50%; vendors give produce free to villagers

The farmers want the government to grant a waiver on their loans, similar to the $5.6 billion in debt forgiveness announced by Uttar Pradesh in April.

Greece bailout: Eurozone ministers agree to give more loans

Eurozone finance ministers on Wednesday agreed to extend further bailout loans to Greece as well as debt relief, in what they called a "major breakthrough".

Greece submits new bailout plan to Eurozone creditors

Greece has submitted to its eurozone creditors a new bailout plan proposing a pensions overhaul and tax hikes in return for debt relief and a three-year rescue loan, a government source said early Friday.