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SMALL FARMERS LOAN WAIVER
No proposal for one-time waiver of loans of small, marginal farmers: MoS FinanceThe government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...- AU Small Finance Bank shares rally 5% as Q1 PAT jumps 37% to Rs 796 crore, NII up 32% YoYAU Small Finance Bank share price jumped 5% after it reported a 37% year-on-year rise in net profit to Rs 796 crore for the June quarter, d...
- Shriram Finance eyes doubling gold loan book share to 5% in three yearsShriram Finance plans to double its gold loan contribution to five percent. The company also intends to grow its MSME portfolio to twenty p...
- Assam Cabinet approves stamp duty waiver for SHG loans up to Rs 10 lakh, clears MBBS admission rule changesAssam's cabinet approved waiving stamp duty on loans for SHG members up to ten lakhs. New rules will govern Ayurvedic medical officers' rec...
- AU Small Finance Bank Q1 net profit jumps 37% to Rs 796 croreAU Small Finance Bank recorded a 37% surge in Q1 net profit to Rs 796 crore, driven by robust loan growth and improved asset quality. Gross...
- AU Small Finance Bank Q1 Results: Net profit up 37% to Rs 796 croreAU Small Finance Bank reported a 37% net profit increase for Q1. Net interest income also saw a significant 31.8% year-on-year rise. The le...
- AI-led underwriting is the missing link in India’s MSME credit storyIndia’s MSME credit gap sits at Rs 25-30 lakh crore. Of the 87 million registered MSMEs, only 36 million have ever taken a formal loan.
- Why US' Russia act need not worry IndiaThe proposed US Sanctioning Russia Act, which could impose tariffs on major buyers of Russian oil and gas, may have limited chances of beco...
- Two Civil Engineers with no agriculture background built a Rs 565 crore cattle startup; their weekend project has solved one of India's oldest trade problemsNeetu Yadav and Kirti Jangra, two IIT Delhi civil engineering graduates, founded Animall in 2019 to bring India's unorganised cattle market...
- A Brazilian farmer used government credit meant to expand cattle grazing to do the opposite; neighbors called him mad, but 50,000 trees later, more than 20 springs have returned to his 31 hectaresA Brazilian farmer defied government policy by planting trees instead of cattle pastures. His actions, initially deemed foolish, led to the...
- India needs income-centric agri policies, greater Centre-state coordination: EAC-PM chairmanIndia must transition agriculture towards income generation, emphasizing crop diversification and market reforms, said S Mahendra Dev, Chai...
- Ujjivan Small Finance Bank grows share of secured loan to over 50%Ujjivan Small Finance Bank has achieved a significant milestone by increasing its secured loan portfolio. This strategic shift now represen...
- Farmers should be ‘businessmen’ who respond to market demand, not just grow rice and wheat: NITI Aayog’s Ashok LahiriLahiri stressed the need for greater adoption of science and technology, noting that productivity per acre for several Indian crops remains...
- India has achieved self-reliance in food; now it's time for value addition: Chirag PaswanChirag Paswan said India must now shift from food self-reliance to value addition through processing, infrastructure, innovation and better...
- Kisan Mahapanchayat: Punjab farmers stopped on way to Delhi as Haryana Police seals Shambhu borderHaryana Police blocked Punjab farmers heading to Delhi for a protest. Farmers gathered at the Shambhu border to oppose the proposed India-U...
- New York flight cancellations: Over 630 flights cancelled as thunderstorms batter LaGuardia, JFK, NewarkSevere summer thunderstorms caused over 25% of scheduled departures from LaGuardia Airport to be canceled. More than 630 flights from New Y...
- Punjab farmers to take part in rally against India-US trade deal in DelhiFarmers from Punjab and other states will rally in Delhi on July 21. They are protesting the proposed India-US trade deal and its potential...
- 'Not the subject to talk about: Sharad Pawar stays tight-lipped amidst reports of possible NCP-SP splitSharad Pawar deflected speculation about his party's potential split and future alliances. Supriya Sule clarified that no official discussi...
- Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businessesBanks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee s...
- Maharashtra govt to waive Rs 48,000 crore pending farm power dues: Devendra FadnavisMaharashtra's Chief Minister announced a Rs 48,000 crore waiver for farmer electricity dues. This move facilitates new agricultural power c...
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