The government has approved a limited-period Rs 20,000-crore credit guarantee scheme aimed at easing fund flow constraints faced by microfinance institutions (MFIs), according to a PTI report.The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will cover loans disbursed by member lending institutions (MLIs), including banks and other lenders, to non-banking finance company-MFIs and MFIs till…

Finance leaders from across the world will meet in Washington this week under the shadow of the Middle East conflict, with the International Monetary Fund (IMF) and the World Bank expected to lower growth forecasts and raise inflation projections as the war disrupts the global economy, according to Reuters report.The conflict marks the third major…