India central bank allows non-bank Islamic finance firm
In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. Visit our website at http://www.titlemax.com/careers for outstanding career opportunities. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR.
Denmark Says Bond Sales Won’t Grow to Finance Public Works
The monetary stimulus has so far failed to create jobs. Danish unemployment, including people in vocational training programs, was 5.8 percent in June, compared with as low as 2.5 in 2008. You cant find a quick-fix for a crisis, Corydon said. You need to work on both long- and short-term issues. We need to work on structural issues and competitiveness. Thorning-Schmidt pledged in February to lift annual economic growth to 2 percent on average from 2014 through 2020, and unveiled plans to create 150,000 private jobs by 2020 through increased public spending and corporate tax cuts.
LEGAL CHALLENGE Last year, the RBI directed Kochi-based Alternative Investments and Credits Ltd (AICL) to stop its non-interest NBFC business almost a decade after the firm was launched. This prompted an ongoing legal challenge by AICL. “The grant of an NBFC licence should have an impact on the AICL proceedings and there are good chances that the matter may get settled soon,” said Suprio Bose, Mumbai-based lawyer at Juris Corp, a law firm which previously represented AICL. “The event reflects a significant and welcome change in RBI’s attitude towards sharia-based NBFCs and sets a precedent for others to follow suit.” However, many analysts think that unless and until full-fledged Islamic banks are permitted in India, an Islamic finance sector will find it hard to develop.