Now, micro loan waiver talks in Assam worry MFIs

Competitive populism by offering financial benefits to the northeastern state’s 27 lakh microfinance borrowers has turned out to be major poll plank. It’s the opposition Congress which first promised waiver of loans taken from these institutions if the party is voted to power, with the incumbent Bharatiya Janata Party matching it.

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Retail consumers loosen purse strings in December, jewellery sees maximum spending

Jewellery saw the biggest spends on CMS channels with a total value of ₹651 crore in the month of December, compared with ₹541 crore in January last year. Ecommerce transactions continued their bumper ride with payments totalling ₹430 crore in December, compared with ₹366 crore in January last year.

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Six firms propose Rs 1500 crore investment as Karnataka bets big on Koppal toy cluster

Chief Minister BS Yediyurappa performed the ground-breaking at the site, on Saturday, for the toy cluster being developed by Aequs Group, promoted by Aravind Melligeri, an entrepreneur hailing from the region. Melligeri is a co-founder of Quest Global, a multinational conglomerate which runs its SEZ in aerospace manufacturing in Belgavi district.

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Chidambaram expresses concern over crony capitalism, says nation needs not just 5 but 500 biz houses

Giving his advice to the government for the revival of economy, the former finance minister said there is an immediate set of things that has to be done, including significant cash transfers must be made to bottom one-third of the population.

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