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Take recovery from ‘avoidance transactions’ seriously, IBBI tells creditors. 

Recovery for creditors could go up at least 10 per cent on such approach, says IBBI Chief Mital; Till Sep 2024, total clawback on avoidance transactions applications stood at ₹7,516 crore




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Give me some credit!




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EaseMyTrip teams up with Hyperface to boost credit card services

The collaboration will support EaseMyTrip’s existing co-branded credit and debit card programs with its bank partners, while also paving the way for new co-branded credit card launches




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Rushil Decor Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating




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Trump claims credit he is not due on the economy

Growth has exceeded expectations outside the US rather than within it




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Credit Protection Scheme For MSMEs Suggested

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should




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Credit Protection Scheme For MSMEs Suggested

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should




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Finance Minister to review credit flow from PSU banks on Monday

Will discuss various issues, including credit off-take




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Retail investors shouldn’t have invested in credit-risk funds, says Arvind Chari of Quantum Advisors

At the first sign of trouble, one should exit credit risk funds: Arvind Chari, Head - Fixed Income and Alternatives, Quantum Advisors




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ICICI Bank: Investors should wait for a turnaround in credit demand

ICICI Bank stock has corrected 37 per cent in three months. But investors should not rush into it





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Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April

Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed.




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Weak business performance, elevated debt levels to impact credit metrics of sugar industry

The Covid-19 pandemic is expected to exert downward pressure on the credit quality of sugar mills by eroding operating profitability and shoring up debt in fiscal 2021.




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Why your credit score may have dipped lately

The credit score algorithm now monitors your three-year credit history compared to the earlier two-year period. It also has new credit attributes along with other additional features.




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Credit Suisse arm invests in Sapience Analytics

Credit Suisse Asset Management's NEXT Investors has invested an undisclosed amount in Indian software product company Sapience Analytics.




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Working capital loan sanctions doubled, banks contacted 95% eligible firms for credit: FM Sitharaman

Nirmala Sitharaman’s office on Thursday had tweeted that PSBs sanctioned loans worth Rs 5.66 lakh crore for over 41.81 lakh accounts in MSME, retail, agriculture and corporate sectors during March-April 2020.




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FM Nirmala Sitharaman to meet PSU bank chiefs on Monday; to review credit flow

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said.






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Some Hope for US Renewable Energy Tax Credits As Extension Bill Passes Committee

In a lopsided 23-3 vote, the U.S. Senate Finance Committee voted yesterday to extend a number of renewable energy production tax credits through the end of 2016. The vote allows developers of wind, geothermal, biomass, landfill gas, incremental hydroelectric, and ocean energy to take advantage of federal tax credits for projects begun before December 31, 2016.

Chief among big renewable winners was the wind energy industry, which received extensions to the Production Tax Credit (PTC) and the Investment Tax Credit (ITC). If passed, wind farms would qualify for a 2.3-cent-per-kilowatt-hour (kWh) credit through the end of 2016.




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UNIFIL credits Lebanese forces with maintaining relative security

The Lebanese military is commended for its commitment to peace in light of its vast security obligations, a UNIFIL official said Wednesday.




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As Obama Prepares to Join Campaign, Trump Moves to Discredit Russia Probe Started Under His Watch

A newly released memo shows that Robert Mueller was given wide latitude to investigate Michael Flynn, whose prosecution the Justice Department is attempting to drop.




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UFC's Greg Hardy Wins and Credits Empty Crowd, 'I Heard TV Announcer and Adjusted'

Greg Hardy says UFC's "no crowd" rule at UFC 249 was a "game changer" -- because he could hear the TV announcers critiquing him during his fight ... and he adjusted accordingly to get the victory! Hardy (6-2) was fighting Yorgan De Castro (6-1) in…





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Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.




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Input Credit Balance

Dear Sir ,

As i discharged gst liabilty till march 2020 as per gst rules but lots of party submit bill in the month of april to june for last year as in next year i want to change my business line from earlier line so can i still claim input credit against output liabilty of new line business as i already paid output liabilty.




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Credit crunch squeezing entrepreneurs and small businesses more than big firms

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.




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SMEs and entrepreneurs need to diversify their funding amid continued credit constraints

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.




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Lending volumes and credit conditions are improving for SMEs, but many firms continue to struggle to obtain financing that meets their needs

Lending volumes and credit conditions for small and medium-sized enterprises (SMEs) have gradually improved, according to a new report from the OECD, but demand-side obstacles such as a lack of financial knowledge are contributing to holding back a stronger recovery.




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Statement from Participants to the Arrangement on Officially Supported Export Credits

Participants to the Arrangement on Officially Supported Export Credits have agreed new rules on official support for coal-fired power plants, including restrictions on official export credits for the least efficient coal-fired power plants, the OECD announced today.




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New export credit rules will boost railway development and help countries achieve greener growth, OECD says

New international rules on state financing of rail exports will boost the development of cleaner transportation infrastructure and help countries meet green growth objectives, the OECD said.




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Lending volumes and credit conditions are improving for SMEs, but many firms continue to struggle to obtain financing that meets their needs

Lending volumes and credit conditions for small and medium-sized enterprises (SMEs) have gradually improved, according to a new report from the OECD, but demand-side obstacles such as a lack of financial knowledge are contributing to holding back a stronger recovery.




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United States - Credit Rating

Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. Fitch's credit rating for the United States was last reported at AAA with stable outlook. DBRS's credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.




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Turkey - Credit Rating

Standard & Poor's credit rating for Turkey stands at B+ with stable outlook. Moody's credit rating for Turkey was last set at B1 with negative outlook. Fitch's credit rating for Turkey was last reported at BB- with stable outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.




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Amazon’s phone is about credit, not calls

People seem to resign themselves to innovations they considered dubious at the outset




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Qantas allows customers to cancel their flights and use credit for later trips amid coronavirus

Qantas passengers will be able to cancel booked flights and use the credit to reschedule trips later on.




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Qantas bows to furious Australian customers and overhauls its coronavirus credit policy

Qantas has moved to revamp its credit policy during the coronavirus crisis after a wave of anger from out-of-pocket customers.




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Strictly's Saffron Barker credits routine with AJ Pritchard with helping her to sleep since burglary

The Vlogger, 19, was left petrified by the 3am raid on her Brighton home two weeks ago, but revealed that her training schedule has left exhausted enough to go to bed.




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FM to meet PSU bank chiefs on Monday; to review credit flow

New Delhi, May 10 () Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock




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FM Nirmala Sitharaman to meet PSU bank chiefs on May 11 to review credit flow

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation




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Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further. Since units are closed due to lockdown and there has been no operation for the past two months, most micro, small and medium enterprises (MSMEs) do not have money for paying wages and financial assistance for them is under consideration of the government, the sources said. One of the proposals under consideration is to provide 10-15 per cent additional line of credit by banks over the working capital limit of the MSME sector, which is the largest employer in the country after agriculture. This loan, especially for wage payment, will be backed by a proposed credit guarantee fund so that lenders' money is ...




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FM to meet PSU bank chiefs on Monday; to review credit flow

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation and review implementation of various measures announced by the central bank. The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Monday, ...




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Credit Card ग्राहक अलर्ट : कंपनियां नहीं बताती ये 5 बातें, जानना है जरूरी

नयी दिल्ली। पिछले कुछ सालों में भारत में क्रेडिट कार्ड इस्तेमाल करने वालों की संख्या में काफी बढ़ोतरी हुई है। मगर इसी के साथ क्रेडिट कार्ड के बिना या कम जरूरत पर इस्तेमाल करने में भी इजाफा हुआ है। जानकार हमेशा




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Nirmala Sitharaman to meet PSU bank chiefs on Monday; to review credit flow

New Delhi, May 10: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by




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Italian companies ask for $20 billion in state-guaranteed loans - credit agency

Large Italian companies have requested 18.5 billion euros ($20 billion) in state-guaranteed loans to weather the coronavirus crisis, state-backed export credit agency SACE said on Saturday.




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With no credit to Cupid, white-naped crane couples remain faithful for life

Chris Crowe, keeper of the National Zoo’s 15 white-naped cranes, is well acquainted with the strong attachments these graceful Asian birds form with their mates.

The post With no credit to Cupid, white-naped crane couples remain faithful for life appeared first on Smithsonian Insider.





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New report enables creation of carbon credits for restored wetlands

How much is a wetland worth? It’s a question that has plagued policymakers, scientists and other leaders looking to protect their communities and slow down […]

The post New report enables creation of carbon credits for restored wetlands appeared first on Smithsonian Insider.




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CredoLab, iovation join forces to fight against credit fraud

(The Paypers) CredoLab has partnered with iovation to integrate



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Unusual Credit Card Scam