Remittance Rate to South Asia will plunge by 22%

By - Paisafatafat

  • 2020-04-24 12:18:16
  • Finance
Remittances to Southern Asia are predicted to swing down by 22% highlighting economic disruptions from COVIID 19 and the subsequent lockdown. Many expat Indians earning in overseas destinations have faced income loss in this low point of economy. India is the largest remittance receiver and this boosts foreign exchange reserves as well as funds its account deficits.. Read More

15th Finance Commission Advises Against RBI Lending to Center After Exigent Meeting

By - Paisafatafat

  • 2020-04-27 12:14:32
  • Finance
After the two-day emergency meet of the economic advisory council of the Fifteenth Finance Commission a few days back, its chairman NK Singh expressed his disfavor towards the RBI lending money to the Central government, despite the FRBM Act allowing it. . Read More

Rs 50,000-Rs 60, 000 Crore funding gap imminent for MFIs and NBFCs

By - Paisafatafat

  • 2020-04-27 12:17:54
  • Finance
A report declared that banks have refused to provide moratorium to MFIs & NBFCs and also, have given a very soft response to first of RBI TLTRO auction thereby further widening the gap of funding to nearly Rs 50, 000 to Rs 60, 000 Crore. This may cause the Reserve Bank of India (RBI) to open a window to foster direct liquidity for the small MFIs & NBFCs. . Read More
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