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Government Appoints 4 Members Of 16th Finance Commission

The government has appointed former expenditure secretary Ajay Narayan Jha and SBI Group Chief Economic Advisor Soumya Kanti Ghosh, and two other members of the newly-constituted 16th Finance Commission. The commission, chaired by former vice chairman of Niti Aayog Arvind Panagariya, ...

Nirmala Sitharaman calls for developing capabilities and legal systems to have an international arbitration centre for the maritime sector in India

Finance Minister Nirmala Sitharaman on Thursday called for developing capabilities and legal systems to have an international arbitration centre for the maritime sector in the country....

DFC Board Approves $425 Mn Financing For Tata Power's Tamil Nadu Plant, Shares Rally

Shares of large cap Tata Group stock Tata Power gained 1.15% in morning trade after the U.S. International Development Finance Corporation's (DFC) Board of Directors approved the provision of up to USD 425 million in financing in TP Solar Limited, a ...

Mintifi Raises USD 110 Million From Premji Invest, Existing Investors

Supply-chain financing platform Mintifi has raised USD 110 million in a funding round led by Premji Invest along with participation from existing investors. Existing investors -- Norwest Venture Partners, Elevation Capital and the International Finance Corporation (IFC) participated in the Series ...

IMF Set To Consider Final Approval Of Sri Lanka's USD 2.9 Bn Bailout Package

The IMF board is set to meet on March 20 for the possible approval of the USD 2.9 billion bailout for debt-ridden Sri Lanka, a statement said on Tuesday. "Sri Lanka has now received financing assurances from all major bilateral creditors. ...

India Needs Dedicated Wing, To Release Green GDP Estimates, Says RBI Article

India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates for ...

India Would Be USD 25 Trn Economy, In 25 Years : NaBFID Chairman Kamath

India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to support ...

Short Of Money Amid Covid 19: Easy And Low Cost Borrowing Options

Facing cash crunch and amid it have got infected by this lethal coronavirus which is all the more dangerous in its second wave. Here are some easy to go to option that may not prove costly for you in the long ...

Maruti Cars Can Be Bought At Less Down Payment

To spur the demand for its passenger vehicles, the leading car maker is hunting all measures and now it is associating with banks to lower the amount you pay first hand when you buy a car through car loan. The company ...

RCap To Increase Lending To SMEs And Consumers In Next 3 Years

Reliance Capital said today that it will increase its lending to almost three times to SMEs, consumer finance to as much as Rs. 50000 crore in the coming three years time. In a analyst concall, the company carved out its ...

What Is TReDS? How It Is Helping SMEs?

To address the financing concerns faced by SMEs who contribute significantly to the Indian economy, RBI in discussion with the various stakeholders introduced an institutional mechanism for financing trade receivable in 2014. And as per the definition laid down by ...

What Is Alternative Data Used By Financing Companies?

For individuals opting for credit facility for the first time, who do not have any data pertaining to last re-payment record, financial companies and more so NBFCs and fintech companies are extending small ticket size loan upto 2 lakh resort to ...

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