Japan Financial Services Agency: Preparation For Permanent Cessation Of LIBOR mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
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Undaunted by a colleague’s warning that reparations must come first, an influential alderman is forging ahead with an ordinance establishing the parameters to bring a $30 million universal basic income program to Chicago.
Last month, a seemingly harmless resolution calling for the city to use part of the $1.9 billion avalanche of federal relief funds headed to Chicago to launch that guaranteed income pilot turned into an emotional debate about reparations.
Ald. Jason Ervin (28th), chairman of the City Council’s Black Caucus, said then that it would be a “slap in the face” to African Americans who have “suffered great atrocities over time in this country” to talk about giving 5,000 of Chicago’s neediest families guaranteed monthly payments when aldermen have just begun talking about paying reparations to Chicagoans whose ancestors were enslaved.
RBI: A bank in the wallet? RBI has just taken Indian banking to next stage indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Recently, Prime Minister Narendra Modi openly acknowledged the contribution of wealth creation in growth and reduction of poverty by pointing out at “India’s ethos of respecting wealth creators”. I must say that this ethos is not new for us as a society. Even 5,000 years ago, Lord Krishna treated ‘wealth creation’ as one of the main four ‘Purusharthas’, the duties of a human being. He himself created the very opulent and new city of Dwarka, which was comparable only with Amravati of Kuber.
When Prime Minister Narendra Modi first took charge of the central government in 2014, many of us were convinced that it was India’s moment – there were high expectations of growth through policy liberalization, reduced government involvement, a big push towards privatization and a more stable policy framework. Indeed, later there was disappointment on many of these fronts, not because of the absence of resolve to make the change but due to the complexity of the situation at han
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This year’s Budget proposed to create a regulatory framework to set up development finance institutions (DFIs) with a mandate to act as a provider, enabler and catalyst for infrastructure financing. Now that the government has announced its intention to make an enabling regulatory framework for setting up of DFIs in the private sector, the discourse has moved to the structure and function of such DFIs.
For a developing country like India, financing of greenfield infrastructure projects is indeed a challenge. Financing of such projects by DFIs is not a new concept in the Indian context; the earlier DFIs were created during the pre-economic liberalisation era. During that period, given the controlled nature of the economy and a protected industry, lending to industry was relatively simpler.