-Business Standard Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator. The Reserve Bank of India (RBI) on Monday released its final guidelines for microfinance Loans, lifting an interest cap and allowing companies to have a board-approved policy to price for such lending. The RBI will continue checking that microfinance institutions do not charge usurious rates. The regulator said each entity has to disclose pricing related information...
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MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »Unable to access various state govt. schemes & benefits, many tenant farmers have committed suicides in Andhra Pradesh, reveals a new report
-Press release by Rythu Swarajya Vedika dated March 8, 2022 A new report on tenant farmers in Andhra Pradesh by Rythu Swarajya Vedika reveals how the denial of land owners' signatures on the Crop Cultivator Rights Cards is adversely affecting them. The Rythu Swarajya Vedika (RSV), a network of organizations and individuals working for the well-being and rights of farming community, released Part-1 of the report of its extensive study of tenant farmers...
More »Tata Mundra: Nobel laureate, others ask US apex court to drop immunity to World Bank
-Counterview.net Economic, legal, diplomatic and civil society experts – including Joseph Stiglitz, a Nobel Prize-winning economist, and former Vice President and Chief Economist of the World Bank – have urged the United States Supreme Court to go back to the case Budha Ismail Jam, et al v. IFC , (Tata Mundra case) concerning immunity from the suit for the World Bank Group and foreign nations. They said, the immunity decision in the...
More »If India wants to spend its money well, it should build infrastructure that is climate resilient -Flavia Lopes
-IndiaSpend.com/ Scroll.in In the 2022 Budget, the Centre proposed to earmark Rs 1-lakh crore in interest-free Loans for states, some of which will be used for developing infrastructure. In May 2021, when Cyclone Yaas hit the eastern coast of India, a hospital in Bihar’s capital Patna was inundated in the floods and patients had nowhere to go. In September 2021, parts of the national capital, Delhi, were waterlogged because of heavy rains...
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