Tata gets a loan at 4.5%, but the poor pay over 26% for microfinance!
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
Random Reflections- Role of Village Industries, MSMEs & Small Traders in the Revival of the Economy
COVID-19 has affected the entire economy. Hence the revival needs government intervention. After all the taxes collected from people are to provide services to the people. Reviving the economy will bring more taxes. In...
Random reflections- Is Reducing Deposit Interest Rate Right?
The government of India has reduced deposit interest rates drastically in addition to the banks which have been reducing the rates in tune with reduction of repo rates by the RBI. (Repo rate is...