Tamil Nadu Expands Thayumanavar Scheme to Benefit More Elderly and Disabled Citizens
The article discusses the Global Financial Crisis of 2026, highlighting its causes, including unsustainable debt levels, speculative bubbles, and geopolitical tensions.
It outlines how major economies like the United States, China, and the European Union responded with stimulus packages, interest rate adjustments, and trade agreements.The crisis led to a 15% global GDP contraction, triggering a severe recession.Governments implemented bailouts for banks, while central banks slashed interest rates to near zero.The article also examines the role of emerging markets, which faced capital outflows and currency devaluations.It emphasizes the importance of regulatory reforms and international cooperation to prevent future crises.The piece concludes with a call for sustainable economic policies and transparency to rebuild global trust in financial systems.
Full reading at The Times of India