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The World Salon is delighted to launch the "Daily Digest", where we handpick must-know news of each sector for our subscribers. In today's fast-paced world, staying informed is paramount, but it is easy to get overwhelmed by the numerous newsletters that bombards your inbox each day. Our solution offers a concise yet comprehensive overview of the most significant developments impacting various industries.
The global automotive finance market is expected to grow through 2029:
The global automotive finance market is expected to grow at a CAGR of 5.9% from 2019 to 2029, reaching a value of USD 325.2 billion. This growth is driven by rising vehicle costs, increased consumer awareness and preference for financing, technological advancements, and the emergence of new financing models like subscription-based mobility services. (Yahoo! Finance)
The Reserve Bank of India has directed IIFL Finance Ltd. to cease gold loan operations:
The Reserve Bank of India (RBI) has directed IIFL Finance Ltd. to cease sanctioning or disbursing gold loans due to material supervisory concerns in the company's gold loan portfolio. The RBI has engaged with the company's management and auditors but has seen no meaningful corrective action, leading to the imposition of business restrictions. The company can continue to service existing gold loan portfolios but must undergo a special audit and rectify findings to satisfy the RBI. (Moneycontrol)
U.S. Federal Agencies Protecting Social Services Beneficiaries' Rights:
Nine federal agencies have finalized a rule to protect religious freedom for federally funded social services beneficiaries. The rule requires grantees to notify beneficiaries of their right to be free from religious discrimination and provides a model notice. It also ensures faith-based providers can compete equally for awards and that religious accommodations will be evaluated case-by-case. (Healthcare Finance)
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