IREDA, the Indian Renewable Energy Development Agency Limited, disclosed a notable 303% surge in loan approvals, amounting to US$ 2.15 billion (Rs. 17,860 crore) between April and September this fiscal year versus the corresponding period last year. In a recent statement, the company highlighted a substantial 56% increase in loan disbursements, rising to US$ 1.18 billion (Rs. 9,787 crore) from US$ 753 million (Rs. 6,273 crore) in September 2023. IREDA’s outstanding loan portfolio currently stands at US$ 7.75 billion (Rs. 64,500 crore), reflecting a 36% growth from US$ 5.71 billion (Rs. 47,514 crore) in the prior year. The Chairman and…
Author: Editor's Desk, Tattva News
The World Bank has released its Business Ready Index or “B-Ready Index”, ranking countires on their alleged ease of doing business. In the leadup to its development, the International Trade Union Confederation (ITUC) had previously criticized the B-Ready Index’s proposed methodology, and for effectively promoting a race-to-the-bottom in labour rights, working conditions and social protection. “As workers around the world face brutal retaliation for exercising their right to organise a union and improve their working conditions, it is deeply troubling for the World Bank to rank countries in a way that stimulates competition to erode labour standards. There is no shortcut for…
Political strategist-turned-activist Prashant Kishor on Wednesday launched his political party, Jan Suraaj Party, in Patna, in the presence of eminent personalities. The party was launched at Veterinary College Ground in the state capital in presence of many renowned figures, including former Union minister Devendra Prasad Yadav, diplomat-turned-politician Pavan Varma and ex-MP Monazir Hassan. The party was floated exactly two years after Kishor had embarked on a more than 3,000-km-long ‘padayatra’ of the state, from Champaran where Mahatma Gandhi had launched the first Satyagraha in the country, in a bid to mobilise the people for a “new political alternative” that could…
Demand for personal and vehicle loans, including two-wheelers and four-wheelers, has surged by 12% in the past 4 months, according to a report by Teamlease Services. As the festive season approaches, India’s Banking, Financial Services, and Insurance (BFSI) sector is gearing up to manage increased customer activity and transactions. Financial institutions focus on building a skilled workforce to deliver efficient customer service and enhance digital banking operations. Job opportunities in retail lending, microfinance institutions (MFI), and payment services are on the rise, driven by the festive shopping season from Ganesh Chaturthi in September through November. The report projects that job…
By Nava Thakuria As the National Register of Citizens (NRC) updating process in Assam embraced corruption and malpractices, the issue often drew media attention across India and lately Assam chief minister Himanta Biswa Sarma added another dimension advocating for a countrywide NRC. The outspoken saffron leader argued that the illegal migrants are not confined to Assam alone as they can move to other parts of the country and settle down there as legitimate citizens. He also opined that the issue of NRC should be discussed in the Parliament for a pragmatic way of actions. One can remember that on the…
Polling for the final 40 seats in the third and largest phase of the Jammu and Kashmir Assembly elections wrapped up Tuesday, with a voter turnout of 68.72per cent. The highest voter turnout of 73.45 per cent was recorded in Samba district, while the lowest – 55.73 per cent – was witnessed in Baramulla. In contrast to the first two phases of polling, the bulk of the seats in the third — 24 seats — are in the Jammu division, while 16 are in Kashmir. Results will be announced on October 8. The vote turnout is surpassing the Lok Sabha poll…
Putting cold water on the ambitions of Eknath Shinde and Ajith Pawar to become next Chief Minister of Maharashtra, if Mahayuti alliance will return power in the forthcoming assembly elections, Union Home Minister Amit Shah made it clear that the next chief minister will be from the BJP. Expressing confidence that the Mahayuti alliance will form its government again in the state, he claimed that no party has to strength to stop BJP from happening. His remarks came while attending a meeting with the BJP leaders in Mumbai ahead of the state Assembly polls, the schedule of which is yet to be…
Karnataka Chief Minister Siddaramaiah on Tuesday hardend his position on the allegations related to the Mysore Urban Development Authority (MUDA) land scam. He once again reiterated that he would not resign, identifying himself as a self-witness in the matter. He also distinguished his situation from that of BS Yeddyurappa, stating that the former Chief Minister’s case involved land denotification, while he was not involved in such matters. He further expressed his intent to address the situation legally, regardless of investigations by the Enforcement Directorate or other entities. “BS Yeddyurappa’s case and mine are different cases. He did denotification of land and…
India’s consumer durables market is projected to reach US$ 59.96 billion (Rs. 5 lakh crore) by FY30, positioning it as the fourth largest globally by 2027, according to the Confederation of Indian Industry (CII). Chairman of the CII National Committee on Consumer Electronics and Durables, Mr. B. Thiagarajan, emphasized the importance of establishing a robust quality ecosystem and adopting standardization in the sector while exporting Indian standards worldwide. Speaking at the CII Consumer Electronics & Durables Summit 2024, Mr. B. Thiagarajan, the Chairman and Managing Director of Blue Star Ltd, highlighted the upcoming decade’s potential for creating numerous opportunities across…
The Enforcement Directorate (ED) on Monday filed a case against Karnataka Chief Minister Siddaramaiah and others in a money laundering case related to the Mysuru Urban Development Authority (MUDA) scam. While taking cognisance of a recent state Lokayukta FIR, the central probe agency has filed an enforcement case information report (ECIR) to book Siddaramaiah and others. Hours after the Enforcement Directorate (ED) on Monday booked Karnataka Chief Minister Siddaramaiah in a money-laundering case, his wife has offered to surrender 14 plots of land allotted to her by the Mysuru Urban Development Authority (MUDA). In a letter addressed to the MUDA…