Ngulminthang Lhanghal - Financial Expert

As per the latest reports, the government is awaiting to facilitate partial credit guarantee to the banks in the public sector on their purchase of assets from the NBFCs can simplify funding burden only for the short-term. The government has explained in the budget that to buy high-appraised pooled resources of financially healthy NBFCs, amounting to Rs. 1 trillion during the present financial year, it will support a one-time six months’ partial credit guarantee to the banks in the public sector for their first loss of up to 10 percent.  This initiative, however, doesn’t resolve investors’ long-time worries about the vulnerability of NBFCs to disrupted real-estate, rating agency Fitch explained in a report. As per the agency, “This provided guarantee is sufficient to reimburse typical losses. The government will cover approximately Rs 1 trillion of issuance. We anticipate that this will also cover their liquidity requirements for about six months. ” The arrangement mentions just to...

A U.K.-based insolvency expert says crypto could be dire for the government, The Guardian reports. The reason is because so much of crypto is untaxed and untraceable. This can prevent transparency and encourage fraud when businesses go belly-up. Some of the myriad companies that have begun accepting crypto alongside traditional cash or card payments include Lush, the ethical cosmetics firm, and WeWork, the office-sharing firm. The shift has been welcomed by those who celebrate crypto. But traditional finance experts warn that the new focus on crypto could also prove an easier way for criminals to hide cash from the law. With these developments, some like Julie Palmer , a managing director at insolvency firm Begbies Traynor, have said it will now be more difficult for administrators, in charge of seeing businesses through failures, to track where the money has come from or see where anyone has been taking money illegally. Palmer said new regulations and taxation plans to help rein in c...

 There is nothing in saying that SMEs/MSMEs (Medium, Small & Micro-Enterprises) are the most significant pillar for a country’s economy to be lied on. They not only contribute over 95% of the businesses in OECD Nations whose members have a considerable role in  global trade , but they are also responsible for creating great job opportunities in countries around the world.   Irrespective of their immense significance in a country’s economy, many small businesses are still struggling to find financial support & are unable to meet their financial goals due to the liquidity crisis. Bank & FI’s rigid policies towards lending to SMEs, and the longer & strict process of evaluating creditworthiness can be considered as one of the contributory factors towards this situation, the  global impacts of Covid-19  are also making this situation even worse.  Several reports are showing SMEs/MSMEs' negative growth for FY 2020-21, making it clear that thi...

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 The second wave of the global pandemic ie. Covid-19 has taught traditional banks across the world that being digital & facilitating technological banking & financial solutions is the only key to survive in the market during a crisis. This is the reason why these new technologies, inspired by artificial intelligence, machine learning & other types of robotic process automation (RPA) are being utilized by more & more banking & financial institutions in the hope of delivering improved productivity, cost-saving, and more comprehensive & better banking experience to their customers.  According to our financial expert , Mr. Ngulminthang Lhanghal , several factors are causing disruptions in the banking industry including increased cyber-attacks and many more. And thereby banks across the world are adopting automation to cope with the changes and to provide better solutions to customer’s requirements & preferences. Let’s have a look at how different ways...

 As of June 29th, 2021, the former top Japanese financial regulator Toshihide Endo revealed to Reuters that the increasing endeavors & continuing strategies of China towards issuing a central bank digital currency (CBDC) are likely to demonstrate a massive impact on how quickly developed economies follow suit. Central banks have already sped up their efforts of developing digital currencies to upgrade & streamline financial systems. The People's Bank of China is driving & handling launching trials, whereas the Bank of Japan (BOJ) started its CBDC project in April. On Monday, several US officials showed their doubts & misbelief about CBDCs, yet Endo formed an opinion that such a threat may change if it is introduced by the world's second-largest economy. According to Endo, who was Financial Services Agency (FSA) commissioner until 2020, explained on Monday, “If China launches a CBDC, it will be equipped with immense social infrastructure. It will be a significant...