Bengaluru (Karnataka) [India], January 26 (ANI/BusinessWire India): Finnable, one of the fastest-growing lending platforms in the fintech space, had partnered with DMI Finance to provide India's salaried professionals with convenient access to credit. Their strategic alliance has successfull
China's Belt and Road Initiative (BRI) has left scores of Lower and Middle-Income Countries (LMIC) saddled with "hidden debts." China is using debt rather than aid to establish a dominant position in the international development finance market.
The Yogi Adityanath government in Uttar Pradesh has disbursed loans worth Rs 8.76 lakh under PM Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi Scheme) in all districts till December 2022.
A government official said that the remaining loan repayment requirements and external financing of managing the current account deficit to the tune of USD 8 to USD 10 billion cannot be raised of the stalled IMF programme.
It is pertinent to note that Chinese trade with Africa is about four times that of the United States. Beijing has become an important creditor by offering cheaper loans - often with opaque terms and collateral requirements - than Western lenders.
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
"In other countries, they prepare an outlook report that predicts the rainfall based on the rains received in the last decade," Basavaraj Bommai said after inaugurating the Mela.
The government has set a target of Rs 3,361 crore for revenue from operations, up by 18 per cent from the previous year's achievement, for 2022-23. According to a statement from the ministry of new and renewable energy, the government has also set various performance-related key parameters s
Videocon Group Chairman Venugopal Dhoot was granted bail by the Bombay High Court on Friday in the alleged loan fraud case related to the ICICI Bank. Dhoot was arrested by the Central Bureau of Investigation (CBI) on December 26, 2022.