New Delhi: The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited, a senior finance ministry official has said. The law ... Read More »
LONDON (Thomson Reuters Foundation) – With money for action on climate change already in short supply, an estimated $300 billion a year needed to help countries deal with unavoidable climate losses will have to come from innovative new sources, such as a financial transaction tax or carbon tax, researchers say. Funding for such climate “loss and damage” aims to assist ... Read More »
The best financial advice tends to apply to pretty much everyone. You don’t need a spreadsheet of pros and cons and complex scenarios. What you need is a rule of thumb. There’s no shame in using one-size-fits-all advice. A study of West Point cadets, for example, found teaching rules of thumb was at least as effective as standard personal finance training in increasing ... Read More »
Are you having a tough time finding financing for your small business or just don’t know where to turn? Today there are more financing opportunities out there than ever before — if you know where to look. We tapped into the expertise of Linda Jenkins (pictured), CEO of the Gold Alliance Group, for some advice. She is the author of ... Read More »
Valdis Dombrovskis, a European Commission vice president, in Brussels on Thursday. “In the context of Brexit, we see that the situation is changing,” he said. CreditEric Vidal/Reuters European Union officials fired an opening salvo on Thursday in a “Brexit”-related dispute that could threaten London’s status as the undisputed financial capital of Europe and affect hundreds of trillions of dollars’ worth ... Read More »
Bengaluru-based Janalakshmi Financial Services Ltd., (JFS) has received the final licence from Reserve Bank to set up Small Finance Bank. It will commence operations in the second quarter of the current financial year, said, V.S. Radhakrishnan, managing director and chief executive officer, Janalakshmi Financial Services. JFS plans to set up 300 bank branches during the year covering the major locations ... Read More »
Mayoral candidate David Saucedo has filed a corrected campaign finance report after his opponent’s treasurer filed an ethics complaint against him. Saucedo, 32, resubmitted his campaign finance report to the City Clerk’s Office on Monday evening without the “designation of final report” page. “The only change is the last page on said report has been removed as it was submitted ... Read More »
It’s tough to keep up with technology. And India’s finance sector knows it too well. Blockchain technology, based on concepts that underpin cryptocurrencies like bitcoin, is fast gaining pace in Asia’s third-largest economy but business executives still aren’t sure if they understand it. In 2016, some 32 blockchain firms were founded in India, according to audit and consultancy firm PwC. ... Read More »
Fancy a new kitchen? Ikea is offering interest-free credit. Picture: Ikea IKEA is offering interest-free credit on kitchens. Get 12 months’ zero-per-cent finance when you spend £600 or more, 24 months’ when you spend £1,200 or more, or 36 months’ when you spend £1,800 or more. This offer applies to all cabinets, fronts, appliances, tops, taps, sinks, integrated lighting, and ... Read More »
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “We often forget to mention that NASDAQ is at new highs and our tech stocks are at 52-week lows. So, that tells you the kind of gap that is there between how the US tech market is moving and how our stocks are moving.” “Can Fin Homes, Repco Home Finance all of these stocks are ... Read More »
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