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Xi Jinping Seeks Development Bank For SCO To Counter US-Led System
Chinese President Xi Jinping said China would accelerate the creation of an SCO development bank on Monday at the summit of the Shanghai Cooperation Organization in Tianjin, as he seeks to expand the organization's influence and scope.
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
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World Bank Approves $108 Million Loan To Improve Assam's Disaster Preparedness
The project will help strengthen Assam's response to disasters through improved flood forecasting and accurate early warning systems, including mobile alerts.
-
Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
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UN Warns Of "Colossal" Collapse Of Afghan Banking System
The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.
-
Meteorite That Crashed Into Canadian Woman’s Home Can Reveal Much About Solar System's Origin
A meteorite, that pierced through the roof of a home in British Columbia, Canada narrowly missing a sleeping woman, has the potential of unravelling mysteries about our solar system.
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This New System Can Help Millions Get Faster Loans In India
India plans to unveil a data sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records.
-
BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
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India, Asian Development Bank Sign $500 Million Loan For Delhi-Meerut High-Speed Rail Corridor
India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility, to build a modern, high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor that will improve regional connectivity and mobility in the national capital region.
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"Centre Must Take Loan From RBI And Give Us": Delhi Deputy Chief Minister
Delhi Deputy Chief Minister Manish Sisodia on Thursday said that under the existing system, the city government cannot take a loan from the RBI to meet its revenue shortfall.
-
Delhi-Meerut 'Rapid Transit System', India's First, Gets $1 Billion Nod
The Asian Development Bank (ADB) has approved a USD 1 billion (about Rs 7,485 crore) loan to support the construction of the modern, high-speed Delhi-Meerut regional rapid transit system, a first of its kind in India.
-
Piaggio Group Secures 60 Million Euro Loan To Fund R&D
The loan will support the resumption of activity and finance R&D projects, including active and passive safety systems for motorcycles.
-
World Bank Approves USD 500 Million To Improve Quality Of Education System In 6 States Of India
The board approved the loan for Strengthening Teaching-Learning and Results for States Program, or STARS. Some 250 million students between the age of 6 and 17 in 1.5 million schools of the six states, and over 10 million teachers will benefit from the program.
-
Xi Jinping Seeks Development Bank For SCO To Counter US-Led System
Chinese President Xi Jinping said China would accelerate the creation of an SCO development bank on Monday at the summit of the Shanghai Cooperation Organization in Tianjin, as he seeks to expand the organization's influence and scope.
-
Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
-
Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August
Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. Meanwhile, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August, the National Payments Corporation of India (NPCI) said.
-
World Bank Approves $108 Million Loan To Improve Assam's Disaster Preparedness
The project will help strengthen Assam's response to disasters through improved flood forecasting and accurate early warning systems, including mobile alerts.
-
Italy Partners With Algorand to Become First EU Country to Tweak Banking Systems With Blockchain
Italy has chosen the Algorand blockchain to bring about improvements in the existing banking systems starting next year. Insurance or bank guarantees are commodities promised by banks or insurance firms to mitigate a loss in case of a loan default. A blockchain twist to the issuance of these guarantees could make the records more irreversible, and ...
-
UN Warns Of "Colossal" Collapse Of Afghan Banking System
The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.
-
Meteorite That Crashed Into Canadian Woman’s Home Can Reveal Much About Solar System's Origin
A meteorite, that pierced through the roof of a home in British Columbia, Canada narrowly missing a sleeping woman, has the potential of unravelling mysteries about our solar system.
-
This New System Can Help Millions Get Faster Loans In India
India plans to unveil a data sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records.
-
BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
-
India, Asian Development Bank Sign $500 Million Loan For Delhi-Meerut High-Speed Rail Corridor
India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility, to build a modern, high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor that will improve regional connectivity and mobility in the national capital region.
-
"Centre Must Take Loan From RBI And Give Us": Delhi Deputy Chief Minister
Delhi Deputy Chief Minister Manish Sisodia on Thursday said that under the existing system, the city government cannot take a loan from the RBI to meet its revenue shortfall.
-
Delhi-Meerut 'Rapid Transit System', India's First, Gets $1 Billion Nod
The Asian Development Bank (ADB) has approved a USD 1 billion (about Rs 7,485 crore) loan to support the construction of the modern, high-speed Delhi-Meerut regional rapid transit system, a first of its kind in India.
-
Piaggio Group Secures 60 Million Euro Loan To Fund R&D
The loan will support the resumption of activity and finance R&D projects, including active and passive safety systems for motorcycles.
-
World Bank Approves USD 500 Million To Improve Quality Of Education System In 6 States Of India
The board approved the loan for Strengthening Teaching-Learning and Results for States Program, or STARS. Some 250 million students between the age of 6 and 17 in 1.5 million schools of the six states, and over 10 million teachers will benefit from the program.
