The Reserve Bank of India (RBI) on Monday issued a circular to all banks and NBFCs, introducing new regulatory principles for management of model risks in credit, with a view to ensuring prudence and robustness in the process.
Daily card spending in South Korea gained 6.2 per cent last year, but its growth slowed from the previous year amid a slump in domestic demand, central bank data showed on Monday.
The Leader of Opposition said that it would be good if the Congress government does some work of its own and takes credit for it.
The role of the labour intermediaries and the denial of minimum benefits to the workers even when the parent organisations are willing to adhere to the norms, are some of the common and prevalent practices followed within the construction sector.
Credit is a powerful tool if it is used effectively and when it is made available to the credit-worthy among the economically active poor people with the ability to use loans and the willingness to repay them. But it has to be bundled with other services to maximise impact on livelihoods.
He adds that although award-winning lyricists do get due recognition these days, there still exists an ignorance about lyrics writers, which discourages many budding talents to pursue good writing.
One of the conditions of the Centre to states to increase their borrowing limit was the discontinuation of free electricity to farmers.
"Once fully operational, the factory is expected to revive Kenya's textile industry -- by generating direct employment as well as helping increase incomes of cotton growers in 22 counties, along with strengthening of forward and backward linkage."
India on Wednesday approved a massive $4.5 billion Line of Credit to Bangladesh for funding infrastructure projects, including shipping, ports,…
