Loans will be disbursed based on data, says Nandan Nilekani

Loans will be disbursed based on data, says Nandan Nilekani Nilekani said the data available in the GST system could be the basis of credit. Nandan Nilekani on Wednesday said India was moving in a direction where lenders will use data such as the goods and services tax (GST)-based “business flows” or credit payment history, […]

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Stock exchanges try to assuage concerns after MSCI warning

Stock exchanges try to assuage concerns after MSCI warning Say will engage with various stakeholders to address any fears of the move to end data-feed tie-up with foreign exchanges Domestic stock exchanges on Wednesday tried to assuage concerns over the fallout of the move to snap with their foreign counterparts. “This is to reassure all […]

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EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17

EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17 Retirement fund body Employees’ Provident Fund Organisation (EPFO) has reduced interest rate on deposits to 8.55% for 2017-18 following a general decline in interest rates. The decision was taken by EPFO’s central board of trustees at its 220th board meeting on Wednesday, labour […]

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