The Union Cabinet is soon going to clear another set of measures aimed at providing a big relief to the non-banking finance companies (NBFC) and housing finance players (HFC), ETNow reported quoting sources.“There may be a further relaxation in the partial credit guarantee scheme,” the report said, adding that the Finance Ministry is in favour of strengthening the measures to aid liquidity in NBFCs.The partial credit guarantee for NBFCs may now be extended to BBB+ assets.
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The Union Cabinet is soon going to clear another set of measures aimed at providing a big relief to the non-banking finance companies (NBFC) and housing finance players (HFC), ETNow reported quoting sources.“There may be a further relaxation in the partial credit guarantee scheme,” the report said, adding that the Finance Ministry is in favour of strengthening the measures to aid liquidity in NBFCs.The partial credit guarantee for NBFCs may now be extended to BBB+ assets.
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On the supply side, we have been positive on building materials for quite some time. Though, this has been impacted negatively, we continue to have faith in them and we are adding them at appropriate valuations, says S Krishna Kumar, CIO, Sundaram Mutual Fund.
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Watch Regionally-strong realty players, HFCs could be a play on Budget expectations: S Krishna Kumar With HD Quality
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AAP leader Abhijeet Desai swears to provide 2500 jobs. If I fail to provide jobs, I will resign: Abhijeet Desai
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Revising the current definition of startups and addressing the raging issue of angel tax, the Minister for Commerce and Industry Suresh Prabhu said an entity shall be considered a startup upto 10 years from its date of incorporation / registration instead of the existing period of 7 years.
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Vodafone Idea Ltd, the India's third largest mobile service provider, will shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday.
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Delhi CM Arvind Kejriwal launches scheme to provide relief to families who lost kin
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