Tag: invest

Oikocredit, others invest in housing finance company SEWA Grih Rin

Loknath Das

SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings Ltd and Women’s World Banking. The company will be using the funds to strengthen its position in existing geographies as well as to expand strategically to other states. SEWA Grih Rin is promoted by a SEWA Mutual Benefit…

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Budget 2018: Finance Minister decides to invest in higher education and quality of education

Loknath Das

While announcing his budget 2018 Finance Minister Arun Jaitley announced various benefits for students and education sector in India. The finance minister proposed to launch ‘‘Revitalising Infrastructure and Systems in Education (RISE) by 2022’’ with a total investment of Rs 1,00,000 crore in next four years. This will aim at step up investments in research and related infrastructure in premier educational institutions, including health institutions. This is in line with imparting quality education to the students in the country. The Union Budget 2018 further mentioned that the Higher Education Financing Agency (HEFA) would be…

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Want to buy a house? Here’s how much to invest in SIPs to achieve your goal

Loknath Das

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. Financial goals are an integral part of investing money into various schemes. Setting aside a life or financial goal can often be motivational for higher investments. A call to Zee Business mutual fund helpline came from a 28 year old investor who has started an SIP in six funds. His dream is to buy a house after a period of seven year and will continue with his investments after that. For that he said he wanted a…

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Iraq must invest in education to secure its future

Loknath Das

Even though 200,000 people – 85,000 of them children – continue to be trapped in the violence raging in west Mosul’s Old City area, work is ongoing to re-open 47 schools in the areas of west Mosul that were retaken from the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) by Iraqi forces. I visited east Mosul, which was fully recaptured by Iraqi forces in January this year, after the violence wound down. I spoke to many parents; their one request was for schools to re-open…

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