Amid the India-Pakistan tensions, the International Monetary Fund has imposed 11 new conditions for Pakistan that it would need to meet to receive the bailout package. The IMF HAS demanded a post-2027 financial sector strategy with regulatory changes and institutional reforms from Pakistan. The financial agency has also warned that Pakistan's fiscal and economic stability can be jeopardized due to the escalating tensions between India and Pakistan. IMF approved a $1 billion disbursement under the Extended Fund Facility, along with a potential $1.3 billion Resilience and Sustainability Facility on May 9 after reviewing its lending program for Pakistan.
19 May,2025 04:30 PM IST
Prime Minister Narendra Modi inaugurated Madhya Pradesh Global Investors Summit in Indore today, through video conferencing.The Prime Minister said India has been on the path of ‘Reform, Transform and Perform’ since 2014. “Not just we the Indians but every institution and expert in the world seems to be confident about this. The IMF sees India as a bright spot in the global economy. The World Bank says that India is in a better position to deal with global headwinds than many other countries,” said the PM. Delegations from more than 65 countries are participating in the Global Investors Summit. More than 500 prominent industrialists in the country are also participating in the summit.
11 January,2023 05:34 PM IST | Mumbai
Loan App Scam
Deputy Chief Minister and Home Minister Devendra Fadnavis assures Assembly that the state will expedite the crackdown on illegal mobile loan apps, and also establish a cyber intelligence unit to focus on the new wave of financial crimes
23 August,2022 10:43 PM IST | Mumbai
Exactly 15 days after the state home minister Dilip Walse Patil called a meeting with top Maharashtra Cyber Cell officials along with mid-day reporters, taking cognisance of the loan app harassment reportage, the Cyber Cell has busted one module originating from Karnataka. Five accused who have been harassing borrowers by morphing their pictures and sharing the same with the victims’ contacts were arrested. The arrested accused includes a supervisor who was on the payroll of the loan app syndicate.
14 June,2022 09:57 PM IST | Mumbai
On May 10, a woman from Vikhroli downloaded 2 apps and furnished her personal and banking details including Aadhaar card, PAN card and a live picture. She was subsequently informed that both the apps had approved a loan of Rs 3,500 but she only received Rs 2,200 each from the two apps.
24 May,2022 10:11 PM IST | MumbaiThe Reserve Bank of India on Monday left its repo rate and cash reserve ratio unchanged at 8.0 per cent and 4.75 per cent, respectively, disappointing industry that had been expecting a cut in either interest rates or CRR, and in some cases, both. Video courtesy: NDTV
18 June,2012 07:19 PM ISTThe AAP government on Wednesday launched its higher education loan scheme under which students will be provided loan up to 10 lakh by banks with the government as a guarantor.
09 September,2015 08:12 PM ISTFinance Minister Arun Jaitley on Friday stirred entrepreneurship, disbursed loans worth Rs 24,000 crores via Mudra Yojna. He emphasized on the need of funding the un-organized sector as they have the potential to provide more jobs than organized private sector.
25 September,2015 08:22 PM IST
Reserve Bank of India Governor Raghuram Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16.
29 September,2015 01:45 PM ISTA farmer, Baljinder Singh, from Jagraon district in Punjab committed suicide by drinking poison on Thursday. Giving details, villager Kawaljit Singh Khanna said Baljinder killed himself as he was unable to pay the loan.
28 April,2016 03:53 PM ISTADVERTISEMENT
