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World Bank Announces Record $100 Billion Support For World's Poorest Countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power.
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Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
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MSMEs In India Generated Over 20.5 Crore Jobs In 4 Years: Centre
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.
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Budget 2024 Will Address Critical Need For Skill Development And Job Creation: Experts
The budget this year is focused on skilling the youth and generating more employment opportunities for them.
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Girl With 'AI Earrings' in Dutch Museum Sparks Fierce Art Controversy Over Use of Artificial Intelligence
An image hanging in the Mauritshuis museum in the Dutch city of The Hague has sparked a controversy over the use of AI in art. One of several fan recreations replacing Johannes Vermeer's 1665 masterpiece "Girl with a Pearl Earring" while it's on loan for a huge Vermeer show at Amsterdam's Rijksmuseum, the AI artwork by Berlin-based digital creator ...
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Rs 859 Crore Of Illegal Loan App Operators Seized: Union Minister
The Directorate of Enforcement has attached proceeds of crime worth Rs 859.15 crore generated by accused persons/entities through illegal loan apps, Minister of State for Finance Bhagwat Karad said on Tuesday.
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China May Seize Kenyan Assets Amid Mounting Debts: Report
Since 2014, Kenya has been taking huge loans from China to fund its infrastructure projects such as roads, clean power generation plants, and its biggest project, the Standard Gauge Railway.
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Voyager Digital Rebuffs ‘Low-Ball Bid’ From FTX, Alameda Ventures as Amid Bankruptcy Process
Crypto lender Voyager Digital on Sunday rebuffed a recent joint proposal from FTX and Alameda Ventures and called it a "low-ball bid dressed up as a white knight rescue". The firm was offered a bailout plan where crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto h...
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Meghalaya Admits Lapses In Power Sector As Congress Flags Loss Of Crores
Days after Meghalaya's main opposition party, Congress, alleged loss of at least a thousand crore rupees to the state exchequer due faults in several key power generation machines and criticised a Rs1,000-cr loan to the discom, the NPP-led state government has admitted to "lapses" and assured an enquiry "if the situation warrants it".
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General Motors Says If U.S. Recovery Continues, It Can Generate Cash To Pay Off $16 Billion Loan
General Motors Co on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay off a $16 billion loan by the end of the year.
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Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers
Honda Cars India has announced introducing a range of easy car finance scheme for its customers. The company says that it has been working closely with various financial institutions to offer some lucrative plans to increase affordability and support car purchase. In fact, the Japanese carmaker has partnered with Kotak Mahindra Bank for a customer-...
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Trinamool Congress For Rollback Of Mudra Scheme Due To Rising Bad Loans
The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services.
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Xiaomi Mi Credit Personal Loan Service Re-Launched in India With Promise of Real-Time Approval, Paperless KYC
Xiaomi has relaunched the Mi Credit personal loan service in India with a promise of real-time approval and paperless KYC.
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Here Are Five Things To Know About CIBIL Score
A credit report is a record of the activity on credit accounts. It is generated on the basis of credit information collected from member banks and credit institutions over a period of time. Credit score (commonly known as CIBIL Score) is an objective measurement of creditworthiness based on credit report information.
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In RBI Vs Government, What Section 7 Is And Why It's Taken Centrestage
The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including the authority's handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, people with knowledge of the matter said.
-
World Bank Announces Record $100 Billion Support For World's Poorest Countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power.
-
Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
-
MSMEs In India Generated Over 20.5 Crore Jobs In 4 Years: Centre
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.
-
Budget 2024 Will Address Critical Need For Skill Development And Job Creation: Experts
The budget this year is focused on skilling the youth and generating more employment opportunities for them.
-
Girl With 'AI Earrings' in Dutch Museum Sparks Fierce Art Controversy Over Use of Artificial Intelligence
An image hanging in the Mauritshuis museum in the Dutch city of The Hague has sparked a controversy over the use of AI in art. One of several fan recreations replacing Johannes Vermeer's 1665 masterpiece "Girl with a Pearl Earring" while it's on loan for a huge Vermeer show at Amsterdam's Rijksmuseum, the AI artwork by Berlin-based digital creator ...
-
Rs 859 Crore Of Illegal Loan App Operators Seized: Union Minister
The Directorate of Enforcement has attached proceeds of crime worth Rs 859.15 crore generated by accused persons/entities through illegal loan apps, Minister of State for Finance Bhagwat Karad said on Tuesday.
-
China May Seize Kenyan Assets Amid Mounting Debts: Report
Since 2014, Kenya has been taking huge loans from China to fund its infrastructure projects such as roads, clean power generation plants, and its biggest project, the Standard Gauge Railway.
-
Voyager Digital Rebuffs ‘Low-Ball Bid’ From FTX, Alameda Ventures as Amid Bankruptcy Process
Crypto lender Voyager Digital on Sunday rebuffed a recent joint proposal from FTX and Alameda Ventures and called it a "low-ball bid dressed up as a white knight rescue". The firm was offered a bailout plan where crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto h...
-
Meghalaya Admits Lapses In Power Sector As Congress Flags Loss Of Crores
Days after Meghalaya's main opposition party, Congress, alleged loss of at least a thousand crore rupees to the state exchequer due faults in several key power generation machines and criticised a Rs1,000-cr loan to the discom, the NPP-led state government has admitted to "lapses" and assured an enquiry "if the situation warrants it".
-
General Motors Says If U.S. Recovery Continues, It Can Generate Cash To Pay Off $16 Billion Loan
General Motors Co on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay off a $16 billion loan by the end of the year.
-
Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers
Honda Cars India has announced introducing a range of easy car finance scheme for its customers. The company says that it has been working closely with various financial institutions to offer some lucrative plans to increase affordability and support car purchase. In fact, the Japanese carmaker has partnered with Kotak Mahindra Bank for a customer-...
-
Trinamool Congress For Rollback Of Mudra Scheme Due To Rising Bad Loans
The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services.
-
Xiaomi Mi Credit Personal Loan Service Re-Launched in India With Promise of Real-Time Approval, Paperless KYC
Xiaomi has relaunched the Mi Credit personal loan service in India with a promise of real-time approval and paperless KYC.
-
Here Are Five Things To Know About CIBIL Score
A credit report is a record of the activity on credit accounts. It is generated on the basis of credit information collected from member banks and credit institutions over a period of time. Credit score (commonly known as CIBIL Score) is an objective measurement of creditworthiness based on credit report information.
-
In RBI Vs Government, What Section 7 Is And Why It's Taken Centrestage
The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including the authority's handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, people with knowledge of the matter said.
