In personal finance, nobody’s perfect

Instead, I remember my successes and strive to match or, better yet, top them. Instead of feeling bad about my imperfections, I focus on feeling good about those moments when I transcend them and achieve something better. I feel greatandI have an example for tomorrow. The post Imperfect appeared first on The Simple Dollar . The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there.

Denmark Says Bond Sales Won’t Grow to Finance Public Works

Danes, the worlds most indebted people, have hesitated to spend after house prices plunged about 20 percent since their 2007 peak. Revised Forecasts The government on May 27 cut its growth forecast for this year to 0.5 percent from the 0.7 percent predicted in April. It kept its 1.6 percent growth estimate for 2014. The government is due to publish revised forecasts on Aug. 27.

RBI allows non-bank Islamic finance firm

RBI’s attitude towards the sharia-compliance concept is yet to be tested,” said Shariq Nisar, director of research and operations at Mumbai-based Taqwaa Advisory and Shariah Investment Solutions. Running a sharia-compliant financial institution under Indian regulations is still difficult and other firms are likely to stay on the sidelines pending the success of existing schemes before deciding to join in, he added. Islamic equity and venture capital products have attracted little demand in India and NBFCs could face the same fate, said Nisar. “NBFC business overall has been declining over the years.” The RBI issued guidelines for NBFCs in June, cracking down on debt issuance by an industry that relies heavily on capital markets to fund its business but has faced less regulatory oversight than banks. According to central bank data, credit extended to NBFCs increased by 1.9 percent from a year earlier in June, compared with an increase of 43.9 percent in June last year.


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