LIVE: 8 die after boiler explodes at chemical plant in UP’s Hapur

Live updates: Bankrupt Sri Lanka cannot tap a $1.5 billion line of credit from Beijing as China fears the International Monetary Fund will force repayment delays. “There is a condition regarding the months of import cover that we must have in order to be able to draw on this money,” said Indrajit Coomaraswamy, a former governor of Sri Lanka’s central bank who advises the government. It’s hard for China to waive the condition “because it’s a three-year swap, it could qualify as a loan, and there may be pressure from the IMF and others to including it in the stock of debt that we are rescheduling and so clearly that would be a disadvantage for the Chinese,” he said.

Union Home Minister Amit Shah will be the chief guest at the launch of Khelo India Youth Games 2021 in Panchkula, Haryana on Saturday. This is the fourth edition of the Khelo India Youth Games – the largest grassroots national sports competition in India, launched by the central government in 2018.

Aam Aadmi Party (AAP) leader Manish Sisodia said on Friday he was ready to face an investigation from any agency.

The issue arose after AAP chief and Delhi Health Minister Satyendra Jain was arrested by the Enforcement Directorate (ED) in a PMLA case. “I am not afraid of any agency. In the past, I was investigated by the CBI, but they found nothing against me,” Sisodia said.

Pakistan’s foreign exchange reserves have fallen below $10 billion, threatening to turn into a full-blown economic crisis unless policymakers secure a loan from the International Monetary Fund. The stock fell $366 million in the week ended May 27 to $9.72 billion, the central bank said in a statement posted on its website. That’s down about 50% from August and enough to pay for less than two months of imports.

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