ADB to give Rs 2100-cr loan to Tripura for urban, tourism development

The (ADB) is likely to provide a Rs 2,100 crore loan to the government for the development of urban areas and in the northeastern state that borders Bangladesh, officials said here on Tuesday.

According to Tripura’s Urban Development and Department Secretary Gitte Kirankumar Dinkarrao, of the Rs 2,100 crore expected to be provided by the ADB as loan, Rs 1600 crore will be for urban development and Rs 500 crore for the sector.

“Under the loan arrangement, initially ADB would provide Rs 40 crore for engagement of project design and management consultants for urban and tourism sectors. Once the projects are prepared, ADB would provide Rs 1,600 crore for development works in urban areas and Rs 500 crore in tourism sector over the next three years,” Dinkarrao told IANS.

The senior IAS officer said that in the urban sector, all 20 urban local bodies in would be covered and in the tourism sector, all tourism destinations, roads leading to them and tourist facilities would be covered.

The Government has signed the loan agreement with the ADB in New

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Wistron plant violence: Enough stocks of iPhone SE 2020, says Apple

Labour trouble at the plant in Bengaluru has not affected Inc, which has enough stocks of 2020 and is in a position to divert the ones for export to the market in India.

It will continue to manufacture the model in accordance with the existing order because only new orders have been put on hold.

2020 is one of the popular phones like 11, which is the biggest seller in the domestic market.

Sources in the know say Inc does not need to increase imports of iPhones due to the disruption at the factory. New orders will be given to Wistron, now under probation, only after it has settled its labour issues.

Analysts say last year 75-80 per cent of its phones sold in India were manufactured in the country and the bulk of those were iPhone SE, iPhone 11, and 10R.

This year, analysts say, it expects to sell over 2 million phones, especially after smuggling fell dramatically due to restricted flights between Dubai and the US.

Sources say a preliminary assessment has

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Government scheme funds businesses within hours

Government’s Bank Referral Scheme proved its value this week as three small businesses secured finance within hours through the Alternative Business Funding (ABF) platform and iwoca.

One small business referred to the ABF platform received funding through Iwoca within two hours, another within three hours, and the third customer received funding just 24 hours after registering with ABF.

All three businesses had initially been turned down for funding by their banks – Barclays, RBS and HSBC before being referred to ABF through the Bank Referral Scheme. Although the funding to each business was under £10,000, an additional small business referred by their bank to the ABF platform has also just received a £120,000 business loan from iwoca.

HM Treasury reported in August 2018 that over 900 small businesses turned down for loans from the UK’s high-street banks had received over £15 million of funding thanks to the Bank Referral Scheme.

Alternative Business Funding Business Development Manager, John Evans, said: “This graphically illustrates the success of the Government’s Bank Referral Scheme as all three businesses had been turned down by their banks before being referred to ABF.

The rapid turnaround of these successful applications also highlights the ABF’s ability to identify

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