According to S&P Global Ratings, these actions include a substantial increase in risk weights on unsecured personal loans, credit cards, and loans to nonbank finance companies (NBFCs), aiming to curb riskier lending practices and bolster overall financial stability.
Union Minister for Environment, Forest and Climate Change Bhupender Yadav on Friday said multiple crises of the Covid-19 pandemic, geopolitical tensions, and climate change impacts have disproportionately impacted developing countries and have also reversed their development.
Chennai (Tamil Nadu) [India], November 16: Sringeri Sharada Equitas Hospital Multispecialty & Cancer Care was inaugurated by Thiru. Ma. Subramaniam, Hon'ble Minister for Health and Family Welfare, Govt. of TN in the presence of Thiru. S.R. Raja, MLA, Tambaram Constituency. The dedicated
Jaipur (Rajasthan) [India], November 16: Get Together Finance (GTF), a leading stock market education institute in India, has opened a unique new centre that will revolutionize stock market education. The latest milestone comes as part of keeping its promise of providing only the best stoc
Singapore, November 16: In a significant development for B2B cross-border payments, FinTech platform MODIFI today announced a global B2B Buy Now Pay Later (BNPL) functionality in partnership with PingPong, one of the largest payment platforms in Asia.
New Delhi [India], November 14: The festive season is a time of joy, celebration, and, often, a time of increased expenses. Whether it's buying gifts for loved ones, planning holiday trips, or indulging in festive treats, the financial demands of the holidays can add up quickly. This is wher
The central government has signed a USD 400 million policy-based loan with the Asian Development Bank (ADB) to support its urban reform agenda for creating high-quality urban infrastructure, improving service delivery, and promoting efficient governance systems.
"The Centre is giving a very small amount. Is this a slave-owner relationship? More than 5000 crores have to be given. They are not paying it for various reasons," the state Finance Minister said.
AidData, a research institute at William and Mary University in the US, said that Pakistan's cumulative public debt exposure to China from 2000 to 2021 was USD 67.2 billion. The number surpassed the USD 46 billion recorded for the same period in the World Bank's International Debt Statistics
As per The New York Times, the project, managed by China CAMC Engineering, a subsidiary of Sinomach, has faced criticism, with accusations of inflated costs and substandard construction that compromised the airport's quality.
Kenji Kanda, a House of Representatives lawmaker of the ruling Liberal Democratic Party, has acknowledged that authorities have on four occasions seized the land and property belonging to his company from 2013 to 2022 for not paying fixed asset taxes.