New bank to fund micro units, more relief for farmers

New bank to fund micro units, more relief for farmers

Prime Minister Narendra Modi on Wednesday launched a bank with a corpus of Rs.20,000 crore to extend credit of up to Rs.10 lakh to small businesses and regulate micro-finance institutions, to promote their growth, add to the country’s output and create jobs. The move is aimed at benefiting some 58 million small businesses in the […]

Morgan Stanley sees ‘Achhe Din’ for India

Morgan Stanley sees ‘Achhe Din’ for India

With the rural wage growth coming down to a nine-year low at 5.5 percent this January and inflation seemingly stabilizing, India is bracing for a long period of higher sustainable growth and lower prices, financial services firm Morgan Stanley said on Monday. “We are more constructive on inflation outlook and we expect the retail price […]