-The Hindu Business Line MSMEs face a credit gap of ₹25 lakh crore as formal lenders meet less than 15 per cent of the sector’s requirements Quarterly MSME loan disbursements have increased over two-fold in the last two years, but the approval rate for medium-risk MSMEs has seen no improvement — a reflection of the lender’s low risk appetite, according to venture capital firm BLinC Invest. The increase in disbursements has been made...
More »SEARCH RESULT
Total Matching Records found : 201
Bengal NREGA workers face food security crisis -Soumyadip Mullick
-The Statesman The central government needs to clear pending funds, worth Rs 2,600 crore, and as per the MGNREGA Act, pay compensation of 0.05 per cent on daily wages. With the alleged lack of jobs and wages for MGNREGA workers in three districts of West Bengal, the Paschim Banga Khet Mazdoor Samity (PBKMS), based on the report of a fact-finding committee, has warned that these workers are facing an acute food security...
More »Interim Report of the Fact Finding Team Investigating the Stoppage of MGNREGA Wages in West Bengal
-Press release by NREGA Sangharsh Morcha dated 28 July 2022 Based on the findings NREGA Sangharsh Morcha put forth the following demands: 1. All the documents pertaining to correspondence between the Central Government and the State Government on MGNREGA since 2019, including the reports of central team visits and action taken, should be made public. 2. The Labour Budget for West Bengal for the FY 2022-23 has to be approved immediately by the...
More »State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale
-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them. SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...
More »Sri Lanka says it will default on its entire $51-billion external debt
-Scroll.in It has come to a point that making debt payments is impossible, the country’s central bank governor said. Crisis-hit Sri Lanka on Tuesday said it would default on its entire external debt worth $51 billion (over Rs 3.88 lakh crore) till it receives a bailout from the International Monetary Fund, AFP reported. A country’s external debt pertains to the money borrowed by it from foreign lenders through commercial banks, governments, or international...
More »
