India welcomed the Hydroflurocarbon (HFC) Amendment to the Montreal Protocol, agreed to at the 28th Meeting of Parties at Kigali, Rwanda in a move to make climate change talks more effective and fruitful in the future. TheĀ Agreement will lead to a reduction of 0.5 degree in global temp by the end of the century and enable India to achieve the ...
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SKS Microfinance Turns Heat on Rivals, Raises Ticket Size to 50K, Interest Rate Down at 19.75%
SKS Microfinance has announced cuts in its interest rates for the fourth time in a year bringing the interest rates on its micro-credit to 19.75%, the lowest in the industry, despite the fact that it was denied the Small Finance Bank status from the RBi. Interest rate of 19.75% is the lowest rate charged by any private sector MFI in ...
Read More »Lima climate summit strikes deal after emitting more Co2
The annual UN global climate change talks concluded in Lima, Peru on Sunday after reaching an acceptable deal, with unresolved issued postponed to the next session in Paris next year December. As the 20th Conference of Parties (COP20) to the UN Framework Convention on Climate Change ran into overtime for over 30 hours, the parties began coming to an agreement ...
Read More »Harsh ATM Regime Begins, More than 5 Times Withdrawal Attracts Rs.20 Extra
Finally, banks have succeeded to get what they want, every 6th withdrawal and above will get them Rs.20 extra from the gullible ATM holders in 6 metros from Saturday, Nov. 1, 2014 onwards, thanks to the Reserve bank of India, which has relented to bankers’ lobby. All bank customers in six metros– Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore– are ...
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