BUSINESS
Clean energy goals can be the perfect ground for cooperation in a fragmented world at WEF 2023
According to Louis Kuijs, Asia-Pacific Chief Economist at S&P Global Ratings, "Discretionary interference, erection of trade and investment barriers and attempts to decouple from certain economies will obviously contain growth of productivity and living standards. Also, fragmentation of the global economy will impede the green transition."
Credit offtake in elevated levels: CARE Ratings
According to CARE Ratings report, the growth is driven by a low base, non-banking finance companies (NBFC), retail credit, higher working capital demand driven by inflation and improvement in capacity utilisation ratio, and rising demand for fresh capex.
'Jet Airways crew, management members leave owing to lack of clarity over relaunch'
Top executives who have reportedly left include human resources and engineers departments heads, reports added, quoting sources.As per reports, Jet Airways vice president (inflight services) Mark Turner has been sent on leave without pay.
CBI to confront Venugopal Dhoot with Kochhars, says they're not cooperating in probe
Dhoot was arrested by the CBI from Mumbai on Monday whereas the Kochhars were already in its custody. The federal probe agency has now got the three days custody of the accused, and will confront them with each other to make a water-tight case. The CBI has alleged that Dhoot didn't dislose the full facts to them and hence, he needed to be confronted with Kochhars.
Financial literacy poor across urban, rural population in country: RBI survey
However, in what can be termed as a revelation, according to a pan-India "Financial Literacy and Inclusion survey" conducted by the Reserve Bank of India (RBI), digital banking awareness and knowledge among rural and urban population across the country is at par with each other, with the average being 11.7 for both segments on a score of 21.
China's Covid wave hits factories and consumer market
Since the world's second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus' spread on the national level. But several cities and provinces have said they were seeing tens of thousands of new cases per day, CNN reported.
Mother Dairy hikes milk price by Rs 2 per litre, starting Tuesday
Mother Dairy, which is a major supplier of milk in Delhi-NCR, has increased price for the 5th time this year, with prior hikes recorded in the months of March, August, October and November.The price of a litre of full cream milk will now be Rs 66, while toned milk will be sold at Rs 53 per litre.
LIC Housing Finance loans turns costlier
According to LIC Housing, PLR is the benchmark rate to which the interest rate on its loans is linked. The new interest rates on home loans will now start from 8.65 per cent. The new rates will be effective from Monday, December 26, the company said.
Gross direct tax collections up by 30% at Rs 10,93,385 cr in current fiscal
The growth has been achieved due to the performance of economy, administration and implementation of the provisions of the direct tax laws, finance ministry sources said. The Central government has set a target of Rs 14,20,000 crore for collection of direct taxes as per budget estimates for 2022-23.
Mistakes to Avoid for Securing a Business Loan
Getting a business loan depends on a few key factors, such as whether or not you meet the eligibility criteria, if you submit the right documents, what your credit score and repayment history are, etc. Besides the right process, there are a few mistakes as well that you can avoid to ensure that your business loan is approved. Let’s take a look at what they are.
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