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15 Jul 2013

Xinhua corrects China Finance minister's growth target comment

In 1314, Philip died, and power passed to his eldest son Louis. Louis recognized Marigny had the best interests of the kingdom in mind. But the rest of the kingdom believed Marigny to be a venal thief. After Philip's brother accused Marigny of sorcery, and as the cries among the populace for justice grew, Louis gave in and had Marigny hanged.

Muthoot Finance may turn 2,000 gold-loan outlets into bank branches

muthoot-finance Markets showed muted reaction to the reported remarks on Friday. Some analysts suggested it was unlikely he was calling into question the official growth target of 7.5 percent set four months ago at the annual National People's Congress (NPC), or parliament. China is due to report GDP for the latest April-June quarter on Monday. Economists polled by Reuters expect April-June GDP data to show the economy grew 7.5 percent from a year earlier, down from an annual pace of 7.7 percent in the first quarter. That marks a far cry from the double-digit growth common in the past three decades.

wooden horse Consider how outsourcing can help a company get a better handle on its pay-to-procure process. Powerful analytics can help a company better understand their spending through the entire supply chain in order to control budgets and standardize procedures company-wide. This approach allows companies to identify cost savings through supplier consolidation and duplicate payment analysis. Automating the process can improve policy compliance and reduce order errors by ensuring employees around the world can order what they need when they need it, while enforcing business rules and limits that prevent employees from making costly mistakes.

The Benefits Of Outsourcing Finance And Accounting

In fact, our experience is the biggest asset and we are better suited than many other applicants in this regard, Muthoot Finance managing director George Alexander Muthoot told PTI from the headquarter in Kochi. Many of its branches are in tier 2,3 & 4 towns and they can be immediately converted into a full-fledged bank branches. Muthoot said 4,200 branches, large existing customer base and strong brand image makes it an eligible candidate. With 74 years in gold financing, the company has over 4,200 gold loan outlets across 21 states and four Union territories, and employee strength of over 25,000 with a gold loan portfolio over Rs 26,000 crore as of last fiscal.


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