Reserve Bank of India comes out with provisioning norms for large NBFCs
Further, RBI said the rate of provision for restructure loans will as per the stipulation in the applicable prudential norms.
Source: india.com
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SMMEs
The South African Reserve Bank hiked the repo rate by 50 bps this week after it was previously agreed at 25bps during the May policy meeting due to the declining rand exchange, and this means that consumers are in for a tough time.
Source: africa.com
Lifting mining sector SMMEs out of the single industry dependency trap with ESD initiatives
While ESD has played a critical role in the development of many SMMEs, dependency on a single dominant industry in rural communities has left many SMMEs caught in a trap of survival.
Source: miningnews.co.za
Ruto camp warns CSs to keep off polls
Dr William Ruto led a team in Eldoret, Uasin Gishu County, his running mate Mathira MP Rigathi Gachagua was in Kericho County
Source: standardmedia.co.ke
Khadi Commission head Vinai Kumar Saxena is new Lieutenant Governor of Delhi
The Central Government on Monday appointed Vinai Kumar Saxena, the Chairman of Khadi and Village Industries Commission (KVIC), as the new Lieutenant Governor (LG) of Delhi in place of Anil Baijal, who had resigned from the post last week citing personal reasons.
Source: tribuneindia.com