Business

Exports Grow In September As Demand For Indian Chemicals, Engineering Soar

Exports Grow In September As Demand For Indian Chemicals, Engineering Soar

Business
India's export soared by 25.67 per cent to $28.61 billion in September on the back of rise in shipments of chemicals, petroleum and engineering products, official data released today showed. Import too rose by 18.09 per cent to $37.6 billion in September from $31.83 billion in the year-ago month, according to the data released by the commerce ministry. Trade balance stood almost flat at $8.98 billion in September 2017 against $9 billion in September 2016. Gold import dipped by 5 per cent to $1.71 billion last month. Oil and non-oil imports grew by 18.47 per cent and 17.98 per cent to $8.18 billion and $29.4 billion, respectively in September. Cumulative exports during April-September 2017-18 increased by 11.52 per cent to $147.18 billion, while imports grew by 25.08 per c...
Here’s why RBI wants to regulate online P2P lending

Here’s why RBI wants to regulate online P2P lending

Business
Last week, the Reserve Bank of India (RBI) said it is set to bring peer-to-peer (P2P) lenders under its ambit. P2P lenders, most of whom are operating online, typically help borrowers get uncollateralised loans at rates higher than what traditional banks would lend them at. The central bank said it is waiting for a gazette notification from the central government before coming out with guidelines, which would bring a hitherto unregulated segment under its control. And, for good reason, perhaps, since lenders offering uncollateralised personal loans to individual customers and small businessmen have been mushrooming in the last three-four years. But how big is the P2P lending space in India? How many players are there? And, how fast has the segment been growing? Frankly, ther...
            
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