S&P Global downgrades Qatars rating to AA-
The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha. “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said. Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha. Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined. “At this ...
Rs.50,000 crore loans given to small entrepreneurs: PM
Source: PTI Prime Minister Narendra Modi addressing the National Conference of Dalit Entrepreneurs, organised by the DICCI, in New Delhi on Tuesday Underlining that financial inclusion is the government’s core focus, Prime Minister Narendra Modi on Tuesday said banks have given loans worth Rs.50,000 crore to small entrepreneurs under the MUDRA Yojana. Addressing dalit entrepreneurs in New Delhi, he said: “80,000 borrowers have benefited from the scheme under which more than Rs.50,000 crore worth of loans have been given primarily to SC, ST, OBCs and women entrepreneurs who are engaged in small business and provide jobs to about 14 crore persons.” Speaking at the National Conference of SC/ST Entrepreneurs on B R Ambedkar's ideas and thoughts on industrialisation and entrepreneurship, Modi ...
