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International Reform Activists Dissatisfied by BRICS Bank
FORTALEZA, Brazil, Jul 17 2014 (IPS) - The creation of BRICS’ (Brazil, Russia, India, China and South Africa) own financial institutions was “a disappointment” for activists from the five countries, meeting in this northeastern Brazilian city after the group’s leaders concluded their sixth annual summit here.
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McKnight Foundation adds director of impact investing
Elizabeth McGeveran was named impact investing program director at the $2 billion McKnight Foundation, Minneapolis, spokesman Tim Hanrahan said.
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Tech Entrepreneur Priya Haji, Founder And CEO Of SaveUp, Has Passed Away At 44
Priya Haji, a Silicon Valley tech entrepreneur known for her focus on socially-minded ventures in both the for-profit and non-profit spaces, most recently as CEO and co-founderof personal financial savings app SaveUp, passed away unexpectedly of natural causes on July 14th at the age of 44.
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5 things you need to know about the New Development Bank
At the 6th BRICS summit in Fortaleza, Brazil, on Tuesday, the New Development Bank was created.
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Indian government to set up credit guarantee fund to support Rs 40,000-crore Financial Inclusion Mission
NEW DELHI: The government will set up a credit guarantee fund to support its over Rs 40,000-crore new Financial Inclusion Mission, which envisages to give a Rs 5,000 overdraft facility to around 8 crore new account holders.
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RBI spells out draft norms to set up payments banks, small banks in India
The Reserve Bank of India (RBI) on Thursday spelled out draft norms to set up payments banks and small banks in India that will give a major push for financial inclusion, or the process of spreading banking services in the un-banked segments, in Asia’s third largest economy.
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It Takes an Ecosystem: Major GE fund could have big implications for Africa’s venture capital and SME finance growth
If it takes a village to raise a child, then it must take an ecosystem to grow and scale thriving businesses. That’s why GE’s recently announced USD $18.7 million fund for South African SMEs is a cause for optimism. It’s part of a broader pan-African engagement which will inject almost half a billion dollars into the continent, and could draw other big players into Africa.
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OPINION: Five reasons why Modi government’s grand financial inclusion plan won’t work
The Modi-government has somewhat bought the idea of universal bank accounts, something first proposed by the Nachiket Mor panel in January, 2014. The plan will finally come up with a little bit of 'Modi'-fication. Instead of one full service bank account for every adult citizen by January 2016—the idea proposed by the Mor panel—the government plans to offer two bank account for every household within the next year.
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