ISLAMABAD: The Hungarian government has announced an exclusive credit-line of $84 million for Hungarian companies to do business with Pakistan.Together with this a loan facility of $50 million for.
Bank credit grows slowest in 4 years
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Bank credit grows slowest in 4 years
Mayur Shetty / TNN / Updated: May 1, 2021, 09:12 IST
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MUMBAI: Bank credit to businesses and individuals slowed to a four-year low of 4.9% in FY21, down from 6.8% in FY20 due to the pandemic. Credit growth during the year was, however, higher than forecasts made last year when many expected flat or even degrowth in loans.
Growth in bank credit during the financial year was driven by personal loans and credit to agriculture and allied activities. While advances to large industry fell, lending to the micro, small & medium enterprise (MSME) segment grew, bolstered by government-guaranteed schemes. Credit growth picked up substantially in March this year on the back of a lower base in the same month of 2020 due to the imposition of a lockdown.
What is inflation-adjusted return
May 01, 2021
A phone call between two friends leads to a talk about inflation-adjusted returns.
Akhila: What are you up to, Karthik?
Karthik: I was planning to buy a television set for ₹50,000. But I later changed my mind to save and invest that amount to buy a better version next year.
Akhila: I hope inflation doesn’t eat into your returns.
Karthik: What do you mean?
Akhila: A few economists expect inflation to rise going ahead. If that happens, your inflation-adjusted returns can be low or even negative.
Karthik: Can you explain that?
Akhila: If you invest that ₹50,000 at four per cent p.a. in a fixed-income instrument, your investment will be worth ₹52,000 by year-end. Say, the average inflation over the next one year is six per cent and the price of the TV set which you decided not to buy, becomes ₹53,000. Let alone buying a better version, your investment amount won’t be sufficient to buy even the current model.
During the coronavirus pandemic, eviction hearings across the country have moved from the courtroom to the computer. By November 2020, 43 states encouraged or allowed remote eviction proceedings, according to a study by Emily Benfer, a visiting law professor at Wake Forest University. Meanwhile, seven state courts mandated that eviction hearings be remote.
Although the Centers for Disease Control and Prevention has banned evictions for nonpayment until July, many landlords continue to file them. Only during their hearings can tenants try to invoke the health agency s protection. Many landlords also find ways to evict people for reasons that the CDC s policy doesn t cover, such as by saying that their tenant s lease has expired, when nonpayment is the real issue, advocates say. All of these problems underscore, they say, the importance of a fair trial.
Donald Trump, Facing $590 Million in Debt Payments, Gets $617 Million From Property Deal
On 5/1/21 at 10:02 AM EDT
Former President Donald Trump, who reportedly has $590 million in debts due over the next four years, is set to receive a $617 million cash payout as part of a bond deal made by Vornado Realty Trust, his longtime majority-stake partners.
Trump apparently scored the massive $600-million plus in cash after investors bought up $1.2 billion of bonds tied to the refinancing of a San Francisco office tower, 555 California. Trump has a 30 percent minority stake in the building, which makes up a massive portion, as much as $800 million, of his entire net worth. Because Vornado holds the majority stake, Trump doesn t have any control over the two properties he owns with them, the second being 1290 Avenue of the Americans in New York City. The windfall he stumbled into comes at a great time for Trump, analysts said, because numerous banks and businesses cut ties with him in t