Debt management involves strategies to handle financial obligations. It aims to ensure timely repayments and maintain creditworthiness. Effective debt management can prevent financial crises. It includes budgeting, negotiating with creditors, and consolidating loans. In India, it is crucial for both individuals and businesses. Understanding legal frameworks and economic conditions is essential. Good debt management fosters financial stability and growth.
China's local governments face an important debt crisis. Authorities have increased the debt limit for local governments by 6 trillion yuan. This adjustment raises the special bond quota...