The National Backward Classes Finance and Development Corporation will begin disbursing loans under the new ‘Visvas’ scheme next month for SC, OBC, and safai karamchari communities. The scheme aims to help 15 lakh individuals and offers up to 5% interest subvention on loans for income-generating activities.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend