Inside Naoero’s $90,000 citizenship offer and extra fees

Naoero, previously known as Nauru, has introduced a program that offers citizenship to individuals contributing to climate adaptation funding. The initiative focuses on securing finances necessary for relocating vital infrastructure and families further inland, in response to the increasing threats posed by rising sea levels and coastal flooding. Those who successfully navigate the rigorous application…

RBI upper-layer NBFC list to come out soon

The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this…

CREDAI, NAREDCO hail RBI policy, stable home loan interest rate to help sustain housing demand

Realtors welcomed the Reserve Bank of India’s decision to maintain the repo rate. This stability in home loan interest rates is expected to sustain housing demand. The central bank kept its benchmark policy rate unchanged for the fourth consecutive meeting. RBI marginally raised the GDP forecast while slightly lowering the inflation projection. This policy continuity…