Once the loan application is accepted for entry, the auction can commence. The loan proposition is given a risk rating by the lending platform. Registered lenders start bidding the amount they are prepared to lend and the interest rate they expect to be paid. As bidding intensifies the interest rate tends to drop.
Research and Markets: Global Trade Review (GTR) – 2013 Edition: The Trade Finance Market’s Biggest Single Source of Contacts in the Industry
Sources, however, said the panel headed by Economic Affairs Secretary Mayaram had recommended that the FDI limit be raised to 49 per cent in almost all sectors through the automatic route, with 74 per cent FDI in multi-brand retail trading by the government approval route. “The finance min’stry’s proposal could get support from the Planning Commission,” an official said. The planning commission is yet to submit its response to the DIPP proposal. The departments of commerce, consumer affairs and agriculture & cooperation too haven’t given their responses. They have been asked to put forward their views at the cabinet meeting.
Finance moots 49% multi-brand retail FDI by automatic route
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