The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…
NEW DELHI: Failure to pay toll through your FASTag at barrier-less toll plazas on country’s National Highway (NH) network will result in not only issuance of an e-Notice but also suspension of all FASTag services for the said vehicle until pending e-Notice dues are cleared, govt’s FAQs on the new tolling system has said.This will…
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Figure Technology Solutions (FIGR), the blockchain firm helmed by former SoFi CEO Mike Cagney, is planning on taking on Fannie Mae and Freddie Mac in first-lien mortgages. Speaking at Consensus Miami, Cagney cited origination costs of $1,000 on the firm’s blockchain platform against $11,000 through the GSEs, the federally chartered firms that buy mortgages from…
Scheduled Commercial Banks (SCBs) recorded a robust 15.9 per cent growth in credit during FY2025-26, reflecting strong economic activity and sustained demand across sectors, the Finance Ministry said, PTI reported. Total outstanding bank credit stood at Rs 212.9 lakh crore in March 2026, an increase of Rs 29.2 lakh crore over the previous year. “Amidst…
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The 2026 assembly elections have redrawn West Bengal’s political fate in saffron. BJP didn’t just win, they swept the state clean. But beyond the blockbuster headline numbers, real political plot twist lies in where some of its most stunning breakthroughs came from: Muslim-majority and Muslim-influenced constituencies that for decades had acted as Mamata Banerjee’s support…
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