Under existing guidelines, bank loans up to a limit of Rs 150 million for purposes like solar power generators, biomass power generators, wind mills, micro-hydel plants and for non-conventional energy based public utilities like street lighting systems and remote village electrification are currently eligible to be classified under priority sector loans under the ‘Renewable Energy’ category. For individual households, the loan limit is Rs 1 million per borrower. … [Read more...] about RBI revised guidelines: Startup loans to now come under priority sector lending
Regional tourism infrastructure fund
In a 2015 study, for example, Stanford researchers sent people out for one of two walks: through a local park or on a busy street. Those who walked in nature showed improved moods and better memory performance compared to the urban group. And a team led by Gina South of the University of Pennsylvania showed in a 2018 study that greening and cleaning up blighted vacant lots in Philadelphia reduced local residents’ feelings of depression, worthlessness, and poor mental health. … [Read more...] about Twitter data shows that COVID-19 has us depressed. But one place is providing hope
Armed with prospects of high growth, split-second information reach, large doses of capital infusion began to push the new age companies to stratospheric valuations. The stock prices continued to rocket northwards, and retail as well as institutional investors shed the time proven principles of staying invested for a long period of time. Old economy sectors and stocks – infrastructure, construction, public sector companies, metals & mining - started witnessing dwindling traded volumes, clearly highlighting the shift to consumer discretionary, fintech, FMCG and other consumption focussed sectors. Seth Klarman’s words, "The single greatest edge an investor can have is a long-term orientation" seem to be slowly fading away. Economy was disconnected from the stock market was an accepted fact in most investment circles, but by how much and for how long, were the points of debate. … [Read more...] about Value investing: Warren Buffett course-corrects his investment style, should you?