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Kolkata: Non-bank lenders last month expanded their loan share in the microfinance segment that, however, shrank in aggregate due to a 5% month-on-month exposure drop by private lenders through what’s seen as a traditionally muted period for credit, data from Equifax showed.The overall microfinance gross loan portfolio stood at ₹3.34 lakh crore at the end of April, down from ₹3.39 lakh crore a month ago, said the credit information company.Also Read: HDFC denies allegations of disguising interest payoutLenders attributed this to the typical slack first quarter pattern when credit demand remains muted.Before this, the microfinance market showed a rebound after…

Most people think of emergencies as job loss or a hospital bill. For many today, it’s soaring energy costs. Source link

The statistics ministry will roll out the new Index of Industrial Production (IIP) on June 1, updating the base year to 2022-23 from 2011-12.The revamped index also widens its coverage to include minor minerals, rare earths, gas supply and waste management, among others, while introducing 120 new items to the basket, including magnetic stripe cards, CCTV cameras and vaccines. Anoushka Sawhney explains:The base year shift ET BureauNew items added ET Bureau64 items dropped Live EventsET BureauNew sectors added and granular electricity index tracking ET BureauUse-based categories of 2011-12 series to continue ET BureauUse-based categories of 2011-12 series to continue Methodological…

Israel’s military says it struck Hezbollah targets after telling residents it would “act forcefully” against the group. Source link

Uefa is yet to take action against the integration of clubs from illegally occupied parts of Ukraine into Russia’s football system despite being urged to do so by the Ukrainian Association of Football (UAF) last year.Imitation versions of Shakhtar Donetsk and Zorya Luhansk, two of the most successful clubs in Ukraine’s Premier League, have been competing in Russia’s fourth tier since its season began in March. They have joined the Crimea-based sides Rubin Yalta and FC Sevastopol in group 1 of the regionalised Football National League 2B, meaning a quarter of the teams in their division purport to represent areas…

HONOLULU — As the U.S. Army prepares for a possible fight in the Indo-Pacific theater, combat medical teams are seeing vast differences in what treating wounded personnel there would entail compared to recent conflicts. Looking back at previous wars, such as Iraq and Afghanistan, the U.S. military in 2009 implemented a “Golden Hour” standard which requires medical care and evacuation to a surgical facility to occur within 60 minutes of a traumatic combat injury.In the Indo-Pacific, that might not be feasible. Army Lt. Col. Lauren Hamlin, commander of Veterinary Readiness Activity, Hawaii, told Military Times that the region’s distance, contested…

NEW DELHI: With the power tussle between Karnataka chief minister Siddaramaiah and deputy chief minister DK Shivakumar showing no signs of easing, Congress leaders are holding back-to-back meetings to find a way out of the crisis.Amid mounting speculation, fuelled by media reports and party sources, that Siddaramaiah could step down from the top post, Congress general secretary and Karnataka in-charge Randeep Singh Surjewala on Wednesday sought to play down the buzz, insisting that no formal decision has been taken by the party.”Currently, no meeting of the legislature party has been called by the Congress party. No other decision has yet…

NEWYou can now listen to Fox News articles! The Texas Department of Public Safety (DPS) released a shocking video Tuesday showing the moment officers discovered 20 illegal aliens inside the trailer and sleeper cab of a semi-truck in what the agency described as a human smuggling attempt.The video, from a traffic stop of a white Volvo semi in a rural area on May 18, shows officers pulling the vehicle over before the driver descends from the cab and attempts to run away, crossing a set of train tracks before being quickly collared by law enforcement.DPS said that the driver is…

Indian students are becoming more outcome-focused and selective while choosing overseas education destinations, according to an IDP report titled ‘Emerging Futures’. The report notes that among the biggest deciding factors lie career returns, affordability, and visa certainty.The report shows that business-related programmes remain the most preferred field of study among student respondents globally, with 24% choosing Business and Administrative Studies. Engineering and Technology followed closely at 20%, while 18% preferred Health and Medicine programmes. Computer and Mathematical Sciences accounted for 15% of student interest.Nearly 65% of respondents said they preferred globally ranked universities, significantly higher than those choosing polytechnics or…

Just five days after its debut flight, SpaceX’s Starship V3 megarocket has been grounded.The U.S. Federal Aviation Administration (FAA) just declared the May 22 Starship V3 launch a mishap and is requiring an investigation before the huge vehicle can take to the skies again.”A return to flight of the Starship-Super Heavy vehicle is based on the FAA determining that any system, process, or procedure related to the mishap does not affect public safety,” FAA officials wrote in an update today (May 27). You may like Starship consists of two elements, both of which are designed to be fully and rapidly…