1. Bank of Maharashtra, MUDRA seal pact to finance small business
Bank of Maharashtra and MUDRA Bank have signed an agreement to finance new entrepreneurs and small businesses.
To provide credit facilities to small business, the central government aims to facilitate credit up to Rs. 1 lakh crore under MUDRA (Micro Units Development and Refinance Agency) scheme in the current year.
“Bank of Maharashtra and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small business,” Bank of Maharashtra said in a statement.
Under the new scheme, there are three categories of loans — ‘Shishu’ (loan of up to Rs. 50,000), ‘Kishor’ (loan above Rs. 50,000 up to Rs. 5 lakh) and ‘Tarun’ (above Rs. 5 lakh and up to Rs. 10 lakh) — that will be sanctioned and disbursed by banks, it said.
The amount will be refinanced through MUDRA Bank
Bank of Maharashtra and MUDRA Bank have signed an agreement to finance new entrepreneurs and small businesses.
To provide credit facilities to small business, the central government aims to facilitate credit up to Rs. 1 lakh crore under MUDRA (Micro Units Development and Refinance Agency) scheme in the current year.“Bank of Maharashtra and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small business,” Bank of Maharashtra said in a statement.
Under the new scheme, there are three categories of loans — ‘Shishu’ (loan of up to Rs. 50,000), ‘Kishor’ (loan above Rs. 50,000 up to Rs. 5 lakh) and ‘Tarun’ (above Rs. 5 lakh and up to Rs. 10 lakh) — that will be sanctioned and disbursed by banks, it said.
The amount will be refinanced through MUDRA Bank
2. BRICS bank to be operational by end of 2015: South Africa
The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said on Saturday. BRICS bank to be operational by end of 2015
The bank, which will be headquartered in Shanghai, is expected to have up to $100 billion in capital.
The inaugural meeting of the board of governors of the New Development Bank will be held in the Russian city of Ufa on July 7 to confirm the appointment of the management of the lender.
Maasdorp, who heads up southern African operations for Bank of America Merrill Lynch, was formerly an advisor to the current head of South Africa’s central bank, Tito Mboweni, and supervised the government’s privatisation programme from 1999 to 2002.
3. India Fourth Largest Carbon Emitter: WRI Analysis
India is fourth largest carbon emitter in the world in terms of per capita emission accounting for 6.6 % of global emissions for the year 2012.
It was revealed by the World Resources Institute (WRI) in its latest analyses of the country-wise carbon emissions of climate-damaging greenhouse gases (GHGs).
China (25.26%), US (14.4%), European Union (10.16%), India (6.69%), Russia (5.36%), Japan (3.11%), Brazil (2.34%), Indonesia (1.76%), Mexico (1.67%) and Iran (1.65%).
Largest 10 emitters have contributed a majority of over 72% of global GHGs emissions (excluding change in land use and forestry). Six of the top 10 emitters are developing countries.
4. Australia to join China led AIIB
Australia has decided to join the China-led Asian Infrastructure Investment Bank (AIIB) as a founding member. In this regard, Australia will contribute paid-in capital of 718.5 million US dollars over next five years i.e. till 2020. With this investment it will become sixth largest shareholder in AIIB. About Asian Infrastructure Investment Bank (AIIB) AIIB is an international financial institution proposed by China which seeks to provide support to infrastructure projects in Asia. Headquarters: It is expected to be operational in December 2015. The bank is also considered as China’s move to balance the power with the WB, IMF and ADB which are being controlled/dominated by the US, EU and Japan respectively. The authorised capital of AIIB is US $100 billion and the initial subscribed capital is expected to be around US $50 billion. The paid-in ratio will be 20%. The bank will lend designed finance to infrastructure projects like construction of roads, ports, railways etc. in Asia. India along with other 20 member nations was the founding member of AIIB and had signed agreement in this regard in October 2014. It should be noted that India is the second-largest shareholder of AIIB.
5. Andhra Pradesh government to form Krishi Cabinet
Andhra Pradesh government has decided to form a Cabinet sub-committee named as Krishi Cabinet. This sub-committee will focus on the challenges of the Primary Sector Mission of state government undertaken to make agriculture and its allied activities profitable and sustainable for all-round improvement of the rural economy. Decision in this regard was taken by state cabinet meeting chaired by Chief Minister N. Chandrababu Naidu in Vijaywada. Apart from this cabinet also rechristened Primary Sector Mission of state as ‘Rythu Kosam’. This mission will be part of the government’s strategy to achieve 18.2 per cent growth in 2015-16 fiscal. It will aim to enhance the contribution of primary sector to the Gross State Domestic Product (GSDP) from 1.43 lakh crore to 1.69 lakh crore rupees. Additional Joint Collector-rank official will the in-charge of the Primary Sector Mission’s performance.
1. Bank of Maharashtra, MUDRA seal pact to finance small business
Bank of Maharashtra and MUDRA Bank have signed an agreement to finance new entrepreneurs and small businesses.
To provide credit facilities to small business, the central government aims to facilitate credit up to Rs. 1 lakh crore under MUDRA (Micro Units Development and Refinance Agency) scheme in the current year.
“Bank of Maharashtra and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small business,” Bank of Maharashtra said in a statement.
Under the new scheme, there are three categories of loans — ‘Shishu’ (loan of up to Rs. 50,000), ‘Kishor’ (loan above Rs. 50,000 up to Rs. 5 lakh) and ‘Tarun’ (above Rs. 5 lakh and up to Rs. 10 lakh) — that will be sanctioned and disbursed by banks, it said.
The amount will be refinanced through MUDRA Bank
Bank of Maharashtra and MUDRA Bank have signed an agreement to finance new entrepreneurs and small businesses.
To provide credit facilities to small business, the central government aims to facilitate credit up to Rs. 1 lakh crore under MUDRA (Micro Units Development and Refinance Agency) scheme in the current year.“Bank of Maharashtra and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small business,” Bank of Maharashtra said in a statement.
Under the new scheme, there are three categories of loans — ‘Shishu’ (loan of up to Rs. 50,000), ‘Kishor’ (loan above Rs. 50,000 up to Rs. 5 lakh) and ‘Tarun’ (above Rs. 5 lakh and up to Rs. 10 lakh) — that will be sanctioned and disbursed by banks, it said.
The amount will be refinanced through MUDRA Bank
2. BRICS bank to be operational by end of 2015: South Africa
The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said on Saturday. BRICS bank to be operational by end of 2015
The bank, which will be headquartered in Shanghai, is expected to have up to $100 billion in capital.
The inaugural meeting of the board of governors of the New Development Bank will be held in the Russian city of Ufa on July 7 to confirm the appointment of the management of the lender.
Maasdorp, who heads up southern African operations for Bank of America Merrill Lynch, was formerly an advisor to the current head of South Africa’s central bank, Tito Mboweni, and supervised the government’s privatisation programme from 1999 to 2002.
3. India Fourth Largest Carbon Emitter: WRI Analysis
India is fourth largest carbon emitter in the world in terms of per capita emission accounting for 6.6 % of global emissions for the year 2012.
It was revealed by the World Resources Institute (WRI) in its latest analyses of the country-wise carbon emissions of climate-damaging greenhouse gases (GHGs).
China (25.26%), US (14.4%), European Union (10.16%), India (6.69%), Russia (5.36%), Japan (3.11%), Brazil (2.34%), Indonesia (1.76%), Mexico (1.67%) and Iran (1.65%).
Largest 10 emitters have contributed a majority of over 72% of global GHGs emissions (excluding change in land use and forestry). Six of the top 10 emitters are developing countries.
4. Australia to join China led AIIB
Australia has decided to join the China-led Asian Infrastructure Investment Bank (AIIB) as a founding member. In this regard, Australia will contribute paid-in capital of 718.5 million US dollars over next five years i.e. till 2020. With this investment it will become sixth largest shareholder in AIIB. About Asian Infrastructure Investment Bank (AIIB) AIIB is an international financial institution proposed by China which seeks to provide support to infrastructure projects in Asia. Headquarters: It is expected to be operational in December 2015. The bank is also considered as China’s move to balance the power with the WB, IMF and ADB which are being controlled/dominated by the US, EU and Japan respectively. The authorised capital of AIIB is US $100 billion and the initial subscribed capital is expected to be around US $50 billion. The paid-in ratio will be 20%. The bank will lend designed finance to infrastructure projects like construction of roads, ports, railways etc. in Asia. India along with other 20 member nations was the founding member of AIIB and had signed agreement in this regard in October 2014. It should be noted that India is the second-largest shareholder of AIIB.
5. Andhra Pradesh government to form Krishi Cabinet
Andhra Pradesh government has decided to form a Cabinet sub-committee named as Krishi Cabinet. This sub-committee will focus on the challenges of the Primary Sector Mission of state government undertaken to make agriculture and its allied activities profitable and sustainable for all-round improvement of the rural economy. Decision in this regard was taken by state cabinet meeting chaired by Chief Minister N. Chandrababu Naidu in Vijaywada. Apart from this cabinet also rechristened Primary Sector Mission of state as ‘Rythu Kosam’. This mission will be part of the government’s strategy to achieve 18.2 per cent growth in 2015-16 fiscal. It will aim to enhance the contribution of primary sector to the Gross State Domestic Product (GSDP) from 1.43 lakh crore to 1.69 lakh crore rupees. Additional Joint Collector-rank official will the in-charge of the Primary Sector Mission’s performance.
No comments:
Post a Comment