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Tamil Nadu Police

A Decade Later, Is MUDRA Loan Scheme Fueling Jobs or Just Adding to the Debt Burden?

The MUDRA scheme’s reach has not only expanded in terms of beneficiaries—crossing 52 crore loans—but has also deepened in terms of credit quality and maturity.

Nepal asks China to convert Pokhara airport loan into grant to ease financial burden

Nepal's Prime Minister Pushpa Kamal Dahal recently announced diplomatic efforts to transform a loan for Pokhara International Airport into a grant, acknowledging its failure to generate income and its mounting debt.

Odisha EOW arrests ex-branch manager, ex-finance officer of Central Bank in Rs 3.3 cr fraud case

In a recent case of bank fraud, the Economic Offences Wing (EOW) in Bhubaneswar has made a breakthrough by apprehending two former Central Bank of India officers.

US “deeply concerned” that China's loans to Pakistan may be used for “coercive leverage”

The US is “deeply concerned” about China's loans to India's neighbours, including Pakistan and Sri Lanka. These may be used for coercive leverage, Donald Lu, Assistant Secretary of State for South and Central Asia, told reporters ahead of the India trip of Secretary of State Antony Blinken.

IMF, Pakistan to resume talks on loan: Report

Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani official said, as the two sides look to reach a deal to unlock funding critical to keep the cash-strapped south Asian country afloat.

Pakistan fails to get IMF loan as talks end

Cash-strapped Pakistan and the IMF on Thursday failed to reach a clear agreement to unlock crucial bailout funds on the last day of urgent talks in the country, local media said. However, Pakistan's finance secretary appeared optimistic that a deal would soon be reached to stave off bankruptcy, amid soaring inflation and a shortage of raw industrial materials.

Govt blocks more than 230 betting, loan apps linked to China; DETAILS INSIDE-

The China-based apps were posing a threat to the economic stability of the country.

Total SBI loans to Adani group is at 0.88%: SBI

The country's largest lender SBI on Friday said its overall exposure to the Adani Group is at 0.88 percent of the book or around ₹ 27,000 crores.

Cooperative bank soul of Indian Economy

Cooperative is the soul of the country. Cooperative is a way to unite all the citizens. Sustainable growth is impossible without the contribution of the cooperative. The co-operative banking structure in India is a very old concept.

#SecurityScan 6 : From 'Make in India' to 'Make for World', Russia's capture of IS terrorist and Countering China's Hybrid War

This article is a summary of important events that have taken place in last one week affecting, India's national security . Attempt has also been made to analyze these events and recommend certain specific actions that can be undertaken by us.

President Biden's student loan waiver draws sharp criticism from the opposition

President Donald Trump's former Education Secretary is unsurprisingly displeased with President Joe Biden's student-loan forgiveness announcement.

Beware of China's debt trap! Bangladesh Finance Minister warns world nations to rethink loans taken from Beijing

Warning developing countries of taking loans from China through its Belt and Road Initiative (BRI), Bangladesh Finance Minister Mustafa Kamal said that the nations must think twice about these loans as Beijing's poor lending decisions risk pushing these nations into debt distress.

केंद्र सरकार की आपात ऋण गारंटी योजना - एमएसएमई क्षेत्र व्यवसाईयों के लिए वरदान

भारतीय स्टेट बैंक ने इस योजना के अंतर्गत प्रदान किए गए ऋणों की समीक्षा करने पर यह पाया है कि आत्म निर्भर भारत पैकेज के अंतर्गत लाई गई आपात ऋण गारंटी योजना ने लाखों सूक्ष्म, छोटे एवं मझोले उद्यमों तथा छोटे छोटे व्यापारियों को डूबने से बचा लिया है।

1078 farmers died by suicide in Maharashtra in 5 months: Maharashtra Minister

Maharashtra Minister informed that a total of 1078 farmers committed suicide in Maharashtra from June-October

NCRPB has sanctioned loans worth Rs 5,921 cr in FY21: Centre

NCRPB provides loan-based financial assistance for the infrastructure development projects being implemented by the participating states or UTs, counter magnet areas (CMAs) or their agencies.

ADB, India sign $484 million loan to upgrade road network in Tamil Nadu industrial corridor

ADB, India sign agreement to support preparation of road upgradation project in Sikkim

Centre announces Rs 15,000 cr interest-free 50-year loans for states to spend on capital projects

The Union Finance Ministry has decided to provide an additional amount of up to Rs 15,000 crore to states as interest-free 50-year loans for spending on capital projects.

In a first, NCDC secures Rs 600 cr loan from Deutsche Bank

The National Cooperative Development Corporation ( NCDC ) has secured Rs 600 crore loan from Deutsche Bank, Germany’s largest bank, for onward lending to cooperatives in the country. The agreement will further strengthen India-Germany bilateral ties.

SBI hike home loan interest rates to 6.95 per cent!

SBI hike home loan interest rates to 6.95 per cent! See how it may affect you

ICICI, SBI, HDFC take down home loan rates

ICICI bank has reduced its home loan interest rate to 6.70% p.a for loans up to Rs 75 lakh. For loans above Rs 75 lakh, interest rates are set at 6.75% p.a.

BUDGET 2021- What does MSME, the growth engine of economy expect?

MSMEs form an important component of the Indian economy. As per latest report of Ministry of MSMEs there are more than 6.33 crore MSME units throughout the country which contribute around 6.11% of the manufacturing GDP and 24.63% of the services sector GDP.

'Raising cash, important', Das to bankers

Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday asked top executives of commercial banks to raise capital to help strengthen their lending capacity and proactively set aside money to cover loan losses.

Enhancing 24x7 Power for All', ADB, India signs $132.8 mn loan to improve power sector in Meghalaya

With an aim to enhance and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in Meghalaya, the Asian Development Bank (ADB) and the central government signed a $132.8 million loan.

Gold loans help India weather the COVID-19 storm- Here's how-

Demand for gold loans, both through banks and non-banking financial companies has grown in response to the economic impact of the COVID-19 pandemic.

11 lakh MSMEs registered under the Udyam Scheme

Government of India has announced that over 11 lakh MSMEs have registered on the new online system of Udyam Registration.

Implement waiver of interest on interest scheme: RBI

RBI has asked all the lending institutions to implement the waiver of interest on interest schemes for loans up to Rs 2 crore

Zeal among street vendors! Over 1 lakh loans sanctioned under PM SVANidhi scheme

Generating considerable enthusiasm among the street vendors who have been looking for access to affordable working capital credit for re-starting their businesses post COVID-19 lockdown, the number of applications received under PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme has crossed the five lakh mark within 41 days of commencement of lending process.

MPC cuts repo rate by 40 basis points more; Term loan moratorium extended by 3 months (till Aug 31)

The Reserve Bank of India Governor Shaktikanta Das on Friday headed a video monetary meet where he declared the MPC to have cut the repo rate by 40 basis points to 4 percent. If the inflation trajectory evolves as per the expectation, Das said that some room will open to look at risks to growth and take measures.

Maharashtra government increases VAT on petrol, diesel by Rs 1

Presenting the maiden budget of the 'three-wheeler' Maha Vikas Aghadi (MVA) government, Finance Minister Ajit Pawar announced the hike in the Value Added Tax (VAT) on petrol and diesel by Re 1 per liter, thus, making the people of the state to bear the brunt of costlier fuel.

When will Shivsena in MH reach Adulthood and take up state responsibilities by itself?

If the Shivsena government assumes itself to be strong and claims that it alone has been thinking of farmer's problems years long, it should have valid determination to please the Centre for funds if needed. Why do they need BJP's Devendra Fadnavis to go talk to Modi for financial aid in the state? Sena needs to reach Adulthood and take up actual responsibilities of Maharashtra!

Sensitizing to adopt non-coercive strategy for recovery of education loans, Center slates no proposal for loan waivers

"There is no proposal under consideration for waiver of education loans", the governmnet revealed adding that the banks have been sensitised to adopt a non-coercive strategy for recovery of education loans.

Walking the footsteps of RBI, the SBI, for the sixth, lowers rates on non-repo-linked loans by 10 bps

Making money available to customers at more ease, the largest lender in India, the State Bank of India on Wednesday moved up reducing its marginal cost of fund based lending (MCLR) rate by 10 basis points across all tenors, effective October 10.

Failure of so called smart 'sutras'! 'I have faith in judiciary', Sharad Pawar says after ED names him under PMLA

Hitting another corrupt target right after P Chidambaram, K Sivakumar, Mansoor Khan and more, the Enforcement Diretorate on Tuesday moved up naming NCP chief Sharad Pawar and nephew Ajit Pawar amongst 70 others surfacing in a money laundering case.

Providing financial relief on purchase of first house, Assam launches housing loan subsidy scheme

Providing financial relief on purchase of first house, Assam launches housing loan subsidy scheme Providing financial relief on purchase or construction of the first house for a family, the state of Assam of Tuesday launched a housing loan subsidy scheme. Assam Finance minister, Himanta Biswa Sarma launched the scheme titled "Aponar Apon Ghar"(meaning Your own Home) and said that subsidy up to Rs 2.5 lakh will be provided for loan amounts from Rs 5 lakh to Rs 40 lakh.

Haryana announces about Rs 5,000 cr interest, penalty waiver on crop loans

Giving a smile on farmers' faces, the BJP-led Haryana Government has announced a 4,750 crore rupees waiver on interest and penalty on crop loans. This will benefit around 10 lakh farmers of the state. Chief Minister Manohar Lal Khattar said this while addressing a rally in Bhiwani, Haryana on Wednesday.

Aiding those who work in acres, not hours! MH decides loans to be waived off on crops damaged in rains

In a merry move to aid the farmers suffering from heavy rains in certain parts of the state and minimum rains in others, Maharashtra cabinet has decided to waive off the loans on all crops damaged and not only the Kharif crops.

Defunct 'Moser Baer' rightly caught red! ED arrests Congress leader Kamal Nath's nephew for Rs 354 cr bank fraud

After several attempts to avoid being caught, Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, was put behind the bars this morning by the Enforcement Directorate for an alleged Rs 354 crore bank fraud case.

Ahead of dropping $328 mn support to AP, World Bank to assist with $1 bn for state health, agriculture and energy

The World Bank, which had dropped a loan proposal for Amaravati project last week, on Sunday said that it would continue to support Andhra Pradesh with an over one billion USD programme that covered the health, agriculture, energy and disaster management sectors.

'Farmer suicides boomed post UPA's Rs 70k cr loan waiver', Narendra Singh Tomar alleged that non farmer's loans were waived then

“Suicides by farmers increased after a loan waiver of Rs 70,000 crore was announced by the previous UPA government in 2008’, said Parshottam Rupala on Tuesday in the parliamentary house uprooting the roots of rising farmers suicide cases.

Fillipping low cost conduct to Economically Weaker Section, RBI revises the bank loan schemes favoring all categories

Viewing to give a fillip to low-cost housing for the Economically Weaker Sections and Low Income Groups, the Centre has revised the housing loan limits for eligibility under priority sector lending to Rs 35 lakh in metropolitan centres and Rs 25 lakh in other centres.

Reap what you sow! Rajasthan farmer committed suicide; slams Ashok Gehlot, Sachin Pilot in suicide note for loan promise

Now, the situation regarding loan waiver is intensified. On Sunday, a 45-year-old farmer committed suicide, leaving behind a note which apparently written by him accused CM Ashok Gehlot and Sachin Pilot of not fulfilling its pre-poll promise of waiving bank loans.

Kumarswamy Blames Nationalized banks for Refunding of Loan Waiver Amount

Karnataka Chief Minister H. D. Kumarswamy has blamed the nationalized banks for the discrepancy in the bank accounts of 13, 988 farmers whose loan waiver amount was refunded to the government. He said today that a meeting of various bank representatives is called on Friday to discuss as to why the loan waiver amount in the farmers’ bank accounts were refunded back to the government.

Diving in stack of loans; how will cash strapped Pakistan repay fine imposed by International Hockey Federation?

Burden of loan hurling up in a cash strapped country like Pakistan, has been slapped with a hefty fine of 170,000 euros. The fine was imposed by the International Hockey Federation (FIH) on Pakistan Hockey Federation (PHF) for not honouring the Pro League commitments. But, the cash-strapped PHF said it is in no position to pay the penalty.

Securing solution, avoiding pollution..! Gujarat's fishermen win over IFC’s claim for absolute immunity from suit..!

Securing the Indian fishermen belonging to the Kutch district of Gujarat, the United States Supreme Court claimed that the International Finance Corporation (IFC), an arm of the World Bank, financing the construction of a power plant at Mundra, Gujarat, is entitled only to limited or restrictive immunity that foreign governments currently enjoy.

As Pakistan drowns in pool of debts, China swims to rescue by lending $2 billion to Pak’s ailing economy

With India taking off the tag of ‘Most Favoured Nation’ from Pakistan and imposing heavy duty on exports the state has been swimming in debts. And to rescue the drowning son, father China has extended its helping hand. Yes, it’s right..! Begging for penny, the cash-strapped Pakistan will receive over 2 billion US Dollars loan from China by Monday to provide a boost to its ailing economy.

Tamil Nadu Police

A Decade Later, Is MUDRA Loan Scheme Fueling Jobs or Just Adding to the Debt Burden?

Nepal asks China to convert Pokhara airport loan into grant to ease financial burden

Odisha EOW arrests ex-branch manager, ex-finance officer of Central Bank in Rs 3.3 cr fraud case

China to rollover Pakistan's $2.4 Billion Loan

Pakistan finally gets $3 Billion Loan from IMF

Pakistan receives another $1 Billion from China as a loan

Adani Group repays loans worth $2.65 Billion

US “deeply concerned” that China's loans to Pakistan may be used for “coercive leverage”

IMF, Pakistan to resume talks on loan: Report

Pakistan fails to get IMF loan as talks end

Govt blocks more than 230 betting, loan apps linked to China; DETAILS INSIDE-

Total SBI loans to Adani group is at 0.88%: SBI

Cooperative bank soul of Indian Economy

#SecurityScan 6 : From 'Make in India' to 'Make for World', Russia's capture of IS terrorist and Countering China's Hybrid War

President Biden's student loan waiver draws sharp criticism from the opposition

Beware of China's debt trap! Bangladesh Finance Minister warns world nations to rethink loans taken from Beijing

केंद्र सरकार की आपात ऋण गारंटी योजना - एमएसएमई क्षेत्र व्यवसाईयों के लिए वरदान

1078 farmers died by suicide in Maharashtra in 5 months: Maharashtra Minister

NCRPB has sanctioned loans worth Rs 5,921 cr in FY21: Centre

ADB, India sign $484 million loan to upgrade road network in Tamil Nadu industrial corridor

ADB, India sign agreement to support preparation of road upgradation project in Sikkim

Centre announces Rs 15,000 cr interest-free 50-year loans for states to spend on capital projects

In a first, NCDC secures Rs 600 cr loan from Deutsche Bank

SBI hike home loan interest rates to 6.95 per cent!

ICICI, SBI, HDFC take down home loan rates

BUDGET 2021- What does MSME, the growth engine of economy expect?

'Raising cash, important', Das to bankers

Enhancing 24x7 Power for All', ADB, India signs $132.8 mn loan to improve power sector in Meghalaya

Gold loans help India weather the COVID-19 storm- Here's how-

11 lakh MSMEs registered under the Udyam Scheme

Implement waiver of interest on interest scheme: RBI

Zeal among street vendors! Over 1 lakh loans sanctioned under PM SVANidhi scheme

MPC cuts repo rate by 40 basis points more; Term loan moratorium extended by 3 months (till Aug 31)

Maharashtra government increases VAT on petrol, diesel by Rs 1

When will Shivsena in MH reach Adulthood and take up state responsibilities by itself?

Sensitizing to adopt non-coercive strategy for recovery of education loans, Center slates no proposal for loan waivers

Walking the footsteps of RBI, the SBI, for the sixth, lowers rates on non-repo-linked loans by 10 bps

Failure of so called smart 'sutras'! 'I have faith in judiciary', Sharad Pawar says after ED names him under PMLA

Providing financial relief on purchase of first house, Assam launches housing loan subsidy scheme

Haryana announces about Rs 5,000 cr interest, penalty waiver on crop loans

Aiding those who work in acres, not hours! MH decides loans to be waived off on crops damaged in rains

Defunct 'Moser Baer' rightly caught red! ED arrests Congress leader Kamal Nath's nephew for Rs 354 cr bank fraud

Ahead of dropping $328 mn support to AP, World Bank to assist with $1 bn for state health, agriculture and energy

'Farmer suicides boomed post UPA's Rs 70k cr loan waiver', Narendra Singh Tomar alleged that non farmer's loans were waived then

Fillipping low cost conduct to Economically Weaker Section, RBI revises the bank loan schemes favoring all categories

Reap what you sow! Rajasthan farmer committed suicide; slams Ashok Gehlot, Sachin Pilot in suicide note for loan promise

Kumarswamy Blames Nationalized banks for Refunding of Loan Waiver Amount

Diving in stack of loans; how will cash strapped Pakistan repay fine imposed by International Hockey Federation?

Securing solution, avoiding pollution..! Gujarat's fishermen win over IFC’s claim for absolute immunity from suit..!

As Pakistan drowns in pool of debts, China swims to rescue by lending $2 billion to Pak’s ailing economy