A dairy farm in the outskirts of Allahabad, India. Agence France-Presse
Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.
With India aiming to become a $5 trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to improve the export of goods and services.
National Bank of Oman (NBO), has successfully closed its debut $300 million 3-year syndicated term loan facility which was signed on Aug.29th, 2019. The proceeds of the facility will be used for general corporate purposes.
India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside.