Fannie Mae, Freddie Mac should run chattel lending test now: study

Housing advocates have long pushed for government-sponsored enterprises Fannie Mae and Freddie Mac to launch a pilot program for backing personal-property loans on ultra-low-cost manufactured housing but now is a particularly good moment to do it, a Urban Institute study suggests. The largest affordability crunch in years and increased secondary-market options respectively make it more … Read more

Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected

Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the European Central Bank’s climate stress test didn’t result in losses that would make a meaningful dent in capital buffers, said officials at six big … Read more

Eknath Shinde Floor Test: Eknath Shinde-led Maharashtra government to face floor test today

Eknath Shinde-led Maharashtra government faces a floor test today after Sunday’s big win where BJP‘s Rahul Narvekar was elected as the Speaker. The special two-day session of the State Legislative Assembly comes after a high-voltage political drama in the state where a new government led by rebel Shiv Sena MLA Shinde came to power toppling … Read more

Aggressive Interest Rate Hikes to Test Australian Consumer Might

Breadcrumb Trail Links PMN Business Australia’s central bank is all-but-certain to raise interest rates this week to slow accelerating inflation, piling pressure on consumers who are among the most indebted in the world. Author of the article: Bloomberg News Swati Pandey sau5cwniw7v)f5zniyhe4fx8_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Australia’s central bank is all-but-certain to raise … Read more

Indigenous stealth drone makes maiden flight from test range in Karnataka

The Defence Research and Development Organisation (DRDO) successfully conducted the maiden flight of its “Autonomous Flying Wing Technology Demonstrator” from the Aeronautical Test Range, Chitradurga, Karnataka on Friday. “Operating in a fully autonomous mode, the aircraft exhibited a perfect flight, including take-off, way point navigation and a smooth touchdown,” … Read more

Maharashtra Assembly special session postponed, no Floor Test today

Maharashtra Assembly Secretary Rajendra Bhagwat has informed all state MLAs that as per the Governor’s orders the special session that was scheduled on Thursday will now not be convened. The special Assembly was scheduled today with the only agenda of a Trust Vote against the Maha Vikas Aghadi government … Read more

Centre asks states to test 2% passengers from incoming flights for Covid-19

With India consistently reporting more than 10,000 Covid cases over the past few days, the Centre Wednesday asked states and Union Territories to ensure a random RT-PCR screening of about two per cent passengers in each incoming flight, and send all positive specimens for genomic sequencing. Union Health Secretary Rajesh Bhushan issued … Read more

Maharashtra crisis: Fadnavis meets Governor, demands MVA govt take immediate floor test

The Maharashtra BJP on Tuesday night met Governor BS Koshyari and requested him to ask the Maha Vikas Aghadi government to go for a floor test to prove its majority. On Tuesday a delegation led by Maharashtra Opposition leader Devendra Fadnavis met Koshyari at Raj Bhavan and sought a floor test claiming that the Uddhav … Read more