World Economic Outlook: IMF: The latest edition of the International Monetary Fund’s (IMF) World Economic Outlook has cut its 2021 growth forecast for India to 9.5% from 12.5% estimated earlier in April 2021. While re-calibrating its forecast IMF considered two major factors which are access to vaccines and risk of new Corona-variants. Indian Economy: Indian […]
Day: July 28, 2021
Factoring Regulation (Amendment) Bill 2020
Factoring Regulation (Amendment) Bill 2020: The Bill was recently passed by the Lok Sabha. The Bill seeks to widen the scope of entities that can engage in factoring business. Factoring is a transaction where an entity (like MSMEs) ‘sells’ its receivables ( dues from a customer) to a third party ( a ‘factor’ like a […]
