“Non-banking finance companies (NBFCs) and co-operatives are active in the agriculture credit space. The Nabard refinance scheme will be further expanded. Agriculture credit target for the year 2020-21 has been set up at Rs ₹lakh crore,” Finance Minister Nirmala Sitharaman had said while presenting Budget 2020-21. … [Read more...] about Budget may set higher agri credit target at ₹19 lakh crore
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"If the government compromises on the fiscal guidance by a huge margin in an attempt to revive the economy, rupee may take a hit and further depreciation looks likely on the cards. We expect the Indian rupee to hover in the range of 72.50-73.50 in near term," Ms. Sachdeva said. … [Read more...] about Rupee rises for 5th straight session, settles 3 paise higher at 72.94
I listen to this story from the salesperson at the newly opened high-end Helios watch store in Madurai's upscale Anna Nagar, as she shows an exclusive wrist watch from the Alliance collection of Victorinox. Neatly encased in a sophisticated box, the watch is one of its kind and comes along with a Swiss knife. It's a status symbol to wear a luxury watch and there's no dearth of options at the store. … [Read more...] about Timeless luxury
With the government taking a strong stand, quality-conscious buyers are gravitating towards larger, organised players. For three-carat solitaires and multi-purpose pieces, certification is a must for most clients. As for smaller diamonds, the jewellers’ track records matter. Companies that are integrated up to the mine are preferred as this is something wholesale retailers cannot offer, says Kirtilals’ Shantakumar. “The ‘desirability’ of diamonds has not come down. What we are seeing, instead, is buyers who are aware — there’s been a 20% increase in people demanding certified diamonds,” he adds. … [Read more...] about Is the diamond shining in India?
"I think the fact that China is one of the producers of the vaccine and has been active and willing to also help others is an important thing," Brooks said, highlighting the significance for China to be one of the champions of global multilateral cooperation on the vaccine front. … [Read more...] about World Insights: China’s remarkable economic performance bolsters global efforts against pandemic, recession