According to the most recent report released by MFIN, an association of NBFC-microfinance institutions and associates including banks, small finance banks (SFBs), and non-banking financial corporations (NBFCs), the gross loan portfolio (GLP) of the microfinance industry increased by 22% to US$ 42 billion (Rs. 3.48 lakh crore) as of March 31, 2023 from US$ 35 billion (Rs. 2.85 lakh crore) as of March 31, 2022. With the development in volume and amount of loans disbursed, the GLP increased by 8.6% from US$ 39 billion (Rs. 3.20 lakh crore) as of the December quarter in the previous fiscal. In comparison to…
Author: Editor's Desk, Tattva News
Switzerland was on strike on Wednesday demanding better working conditions for women, including in the media sector. Four years after the first national feminist strike in 2019, women are still demanding better protection against harassment, more women in positions of responsibility and journalism free of sexism and racism. The International and European Federations of Journalists (IFJ-EFJ) have given their full support to the Swiss unions syndicom andimpressum and their members. “No women, no news – more women, more news’. This slogan with which the Swiss journalists’ unions are preparing to take to the streets to amplify demands about issues that…
Hundreds of migrant workers hired as security guards for last year’s World Cup are still being denied justice for the abuses they suffered despite FIFA and the hosts Qatar being warned that they were especially vulnerable to exploitation and workers raising complaints and protesting about their treatment. An investigation has found serious labour abuses occurred at the World Cup and were not properly addressed, even though Amnesty International issued a 70-page report in April 2022, which sounded the alarm about systematic and structural labour abuses across the private security sector in Qatar. “The World Cup organizers were well aware of…
Tamil Nadu Electricity, Prohibition and Excise minister V Senthil Balaji was arrested in the wee hours on Wednesday by the Enforcement Directorate (ED) allegedly in a cash-for-job scam case. The arrest happened after an 18-hour interrogation inside the minister’s official residence on the Greenways road and 19 other locations in Chennai and Karur. The case pertains to a job recruitment scam when Balaji was a transport minister in Jayalalithaa’s cabinet between 2011 and 2015. While the ED has not officially declared the arrest, sources in the department say that the searches and interrogation was conducted after the Supreme Court cleared…
The Canadian government is developing a process to ensure that a large number of Indian students facing the prospect of deportation on charges of obtaining visas using fake admission letters will get an opportunity to prove that they were taken advantage of, immigration minister Sean Fraser has said. The Indian students, mostly from Punjab, face deportation from Canada after the authorities here found their admission offer letters to educational institutions fake. The matter came to light in March when these students applied for permanent residency in Canada. Responding to a question in Parliament on Monday, Fraser, the Minister of Immigration,…
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that the nation is expected to continue to be one of the fastest-growing economies in 2023. India’s monetary development in the next couple of years is chiefly determined by robust domestic demand, he said. The governor of the RBI stated that the Indian economy had experienced rapid growth and had gradually integrated into the global economy over time. The remarks were made by the governor of the RBI at the opening plenary address of the Summer Meetings, which were held today in London, UK, and were hosted by Central…
By Nava J Thakuria Expressing an utter dismay over the incident of Jonali Nath’s killing in Goalpara of western Assam and its subsequent ‘lucid’ narration by the concerned police person, the Patriotic People’s Front Assam (PPFA) urged the department to direct its officials to dedicate more time, space and energy in a genuine probe rather than indulging in the practice of storytelling in front of the media. “There should be a limit of irresponsibility and personal shame when a police officer can explain the ‘love affairs’ of a victim, who has a full family with two young daughters. How come…
The government on Monday dismissed media reports claiming breach of data of beneficiaries from the Co-WIN portal and said such reports are without any basis and mischievous in nature. The portal is completely safe with adequate safeguards for data privacy, said the Union health ministry in a statement. There were reports on social media that the personal data of individuals who have been vaccinated against Covid-19 is being accessed using a Telegram BOT. The reports also claimed that the BOT has been able to pull individual data by simply passing the mobile number or Aadhaar number of a beneficiary. “It…
Under the Swachh Bharat Mission Urban 2.0, initiatives are taken to ensure a clean and waste-free environment for the yatris. Robust waste management systems are implemented along with clean sanitation facilities and awareness campaigns promoting cleanliness and responsible waste disposal. These measures have significantly enhanced the cleanliness standards of the Amarnath Yatra, transforming it into an environmentally conscious pilgrimage for devotees. The floating population witnesses a large number of devotees every year to the holy cave at Amarnath Yatra in South Kashmir between July and August, leads to a considerable amount of waste generation, necessitating effective waste management strategies to…
Over two dozen international brands are expected to enter India with their stores this year, the most in a decade, encouraged by a post-Covid consumption surge. According to experts, this is an increase from one global brand in 2020, three in 2021, and eleven in 2022. About 12-15 brands used to enter India annually prior to the pandemic. Roberto Cavalli, a British luxury goods company, Dunhill, and Foot Locker, an American sportswear and footwear shop, are all in discussions to expand into India. Additionally, this year is likely to see the entry into India of chains like Lavazza and Armani…