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Focus on welfare a welcome feature: CII


‘Emphasis on Concept Cities will bring greater private investments to the State’
The Andhra Pradesh chapter of the Confederation of Indian Industry (CII) has hailed the annual State Budget for the financial year 2021-22 with an estimated expenditure of ₹2.29 lakh crore.
In a statement on Thursday, its Chairman D. Tirupathi Raju said the government’s focus on welfare initiatives was a welcome step in view of the prevailing COVID-19 pandemic.
He said allocations made for welfare schemes would create demand for various goods and services.
Children Budget
Referring to the Gender and Children Budget, with a greater focus on measurable outcome on the money spent for children and women, he called it a step in the right direction. ....

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AWFS Fair education courses to focus on workforce and technology


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ANAHEIM, Calif. - The Association of Woodworking & Furnishings Suppliers’ (AWFS) 2021 AWFS Fair will be held July 20-23 at the Las Vegas Convention Center.
Its education program, College of Woodworking Knowledge (CWWK), will take place during that period, with all-day symposiums kicking off the event the day before on July 19.
Designed to meet the current needs of show attendees, the two dozen sessions will span topics to strengthen corporate culture and grow your workforce, enhance business management expertise, and increase knowledge of the latest technologies.
CWWK educational track highlights:
• Technology & Innovation: Learn how to maximize efficiency and productivity in edgebanding operations and vacuum clamping for CNC. Subject matter experts and wood manufacturers will help you walk through the process of identifying, selecting, and implementing robotic applications into your processes, including finishing. ....

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SBP to retain bank defaulters history in eCIB for two years - Newspaper


KARACHI: The State Bank of Pakistan (SBP) has doubled the period of retaining names of defaulters in the electronic Credit Information Bureau (eCIB) for two years even after clearance of all dues with relevant banks.
“From July 1, the State Bank has decided to include two years’ history of negative or overdue information for consumer and individual borrowers’ in the eCIB reports of SBP in line with international practices,” said a circular issued on Friday.
Currently, the eCIB report reflects negative or overdue information for consumer and individual borrowers’ for one year, it added.
The e-CIB of SBP collects and collates credit data on borrowers from its member Financial Institutions (FIs). The financial data is then aggregated in system and the resulting information, in the form of credit reports, is made available online to the member FIs for the purpose of credit assessment, credit scoring and credit risk management. ....

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