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Americans are already feeling the effects of a credit crunch

An increasing number of households feel like their access to credit is already deteriorating, a new…

Phil Rosen   


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1 min read

Government likely to allow cooperative banks to lend under Emergency Credit Line

He also urged the states to release payments due to MSMEs within 45 days, as "this will help…

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FM Nirmala Sitharaman likely to meet PSU banks heads on Saturday

Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks…

PTI   


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SBI disburses Rs 8,700 cr to MSMEs under emergency credit guarantee scheme

"MSMEs formed a very crucial part of the announcements made under the 'Atmanirbhar Bharat Abhiyan'…

PTI   


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More than dozen PSBs announce COVID-19 emergency credit line

The quantum of loan is in the form of additional line of credit ranging from 10 per cent or higher…

PTI   


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Biden opens the door to getting 'big chunks' of his economic agenda over the finish line after Manchin shut down the $2 trillion spending bill

"It's clear to me that we're going to have to probably break it up," he said. It's unclear when Dem…

Joseph Zeballos-Roig   


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Tens of thousands of Credit Suisse staffers are about to find out if they still have a job

The coming job cuts at Credit Suisse may even be uglier than you thought as UBS works to integrate …

Jeffrey Cane   


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India’s credit worthiness to be stable in 2023, but upcoming elections could keep social spending elevated: Moody’s

Moody's reports that India's sovereign credit worthiness in 2023 will remain stable, in line with t…

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6 mins read

Democrats are 'playing whack-a-mole' with Joe Manchin as they're set to make hefty cuts and get Biden's big bill over the finish line in 2022

Democrats may only be able to go big on a few of the social programs in their $2 trillion social an…

Joseph Zeballos-Roig   


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India's Exim Bank has loaned Swaziland $60.30 million with a fresh line of credit worth $10.40 million

The LOC agreement to this effect was signed through exchange between Nirmit Ved, General Manager…

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4 mins read

A playbook for Budget 2021 to boost electronics manufacturing in India

In line with its Atmanirbhar Bharat (self-reliant India) campaign, the Indian government has put ma…

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2 mins read

What is Kisan Credit Card - eligibility and how to apply

The interest rate that farmers pay is low, at around 2%, and the repayment schedule is in li…

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Elite investors and fund managers at the legendary Milken conference warn of a recession and credit crunch

Insider's Phil Rosen breaks down what top money managers are saying at the Milken investing confere…

Phil Rosen   


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DeSantis administration takes credit for sending migrants to California, sharing video of them dancing and saying 'Thank you'

In a statement to Insider, Florida's Division of Emergency Management confirmed it sent migrants on…

Kimberly Leonard,Paul Squire   


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4 mins read

Carnival Sunrise passengers say heat onboard is getting dangerous, despite the cruise line saying the ship's AC is nearly fixed

The Carnival Sunrise's faulty AC makes temperatures onboard the ship dangerously high. One cruise p…

Katherine Tangalakis-Lippert   


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6 mins read

Income tax bonanza, capex push emerge as the stars of Budget 2023-24

An upward revision in income tax slabs and a continued push on capital expenditure investments emer…

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3 mins read

Half of Americans have less emergency savings than last year or no savings at all

According to new survey results from Bankrate, 39% of US adults don't have as much in emergency sav…

Madison Hoff   


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Moody's cuts India's growth projection for 2022 to 7% on global slowdown, rising rates

Moody's on Friday slashed India's GDP growth projection to 7 per cent for 2022, saying that global …

PTI   


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MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity

The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a m…

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Fintechs are helping Indian MSMEs with their biggest challenge — data and the lack of it

There are over 6.3 crore micro, small and medium enterprises (MSMEs) in India and most of them are …