B’luru has many fintech cos, but MSMEs lack access to credit

Tedious process, lack of awareness lead to this Though Bengaluru has a large number of credit-oriented fintech companies, micro, small and medium enterprises (MSMEs) in the city lack access to formal credit facilities. The issue is pronounced in the Peenya Industrial Area, one of the largest industrial hubs in the country, with more than 5,000 […]

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Women’s bank a/cs rise, but not their financial independence

Most have no say in how to spend money Bengaluru: Karnataka is seeing a 29 percent rise in women’s bank accounts as per the State Fact Sheet of the National Family Health Survey (2019-20), but this does not necessarily mean that they are financially independent. As per the State Fact Sheet of the NFHS, the […]

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Covid-19 relief scheme has not reached all Bengaluru weavers

Some say a/cs not linked to Aadhaar, call process tedious Not all weavers in Bengaluru city haven’t been receiving their direct benefit transfers (DBT) under the Nekar Samman Yojana, launched in July 2020 as part of the Karnataka government’s Covid-19 relief measures. Under the scheme, launched by the Department of Handloom and Textiles, weavers were […]

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Cancellations hit Bihar marriage halls

By Nishant Kumar Sitamarhi: The second wave of Covid-19 has adversely affected Sitamarhi’s marriage halls. With business faltering, owners of the halls are at their wits’ end. According to the Bihar government’s new guidelines, not more than 50 people can participate in a wedding. The decision came into effect after the state recorded a spike […]

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Creators of Madhubani paintings struggle as demand dries up

By Nishant Kumar Bihar: Maithili artists, the makers of the world-famous Madhubani paintings, are struggling to survive as their only source of income – the sale of artefacts – has decreased during the pandemic. “Art is taught to us from childhood and it’s an heirloom,” said Kanak Jha, a Maithili artist. “We learn painting and drawing […]

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Govt to auction securities to fund Covid fight, pet plans

The Centre has decided to auction government securities worth Rs 26,000 crore to raise funds for its pet projects and Covid-19 relief. According to a press release, ‘The Government of India has announced the Sale (Re-issue) of (i) ‘4.26 percent Government Security, 2023’ for a notified amount of Rs 3,000 crore (nominal) through the price-based […]

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Halted white-topping spells a pause to biz

BBMP has stopped work in Indiranagar due to Covid. Shop owners on 100 Feet Road, Indiranagar, are distressed as BBMP has paused white-topping work due to the Covid situation, almost blocking entrances to their establishments.  “People are apprehensive to come to the shop not because of Covid, but because they have to carry their bikes… on their shoulders. […]

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Fliers hit as IndiGo cancels its Kolkata-Shillong flights

Carrier has now suspended them till May 15 Shillong: The suspension of flights from Kolkata to Shillong has affected travellers badly. Manesh Kumar Agrawal, director, Shillong airport, informed The Observer: “The Umroi Airport of Shillong is fully operational. However, there are no flights coming in.” “We are getting phone calls regarding flight availability to Umroi […]

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