‘The recent tendency is for household financial savings to come down’ | Photo Credit: Getty Images/iStockphoto Government expenditures exceeding revenue by a high margin can lead to a difficult situation. In the 1980s, rising fiscal deficit accompanied by rising government debt led to a difficult balance of payments situation and a high ratio of interest…
Safe haven: Deposits ensure safe returns while customers risk losing money if markets correct. G | Photo Credit: Getty Image/iStock Bankers have called for the development of innovative products to reclaim deposit customers who have moved to the equity market. They cautioned that while deposits ensure safe and periodic returns, customers risk losing money if…
For representative purposes. | Photo Credit: iStockphoto The financial relationship between the Union government and the States in India is asymmetrical, as in many other countries with a federal constitutional framework. As the 15th Finance Commission noted, States incur 61% of the revenue expenditure but collect only 38% of the revenue receipts. In short, the…
File picture of Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Thursday (September 5, 2024) said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. In the inaugural address at FIBAC 2024, the governor…
Image used for representative purpose only. | Photo Credit: M. Moorthy The government has extended the interest equalisation scheme on pre- and post-shipment rupee export credit for one more month till September 30 to promote the country’s outbound shipments. The scheme, which provides exporters interest benefits, ended on August 31. In June, it was extended…
The bids for the offer for sale (OFS) of General Insurance Corporation of India (GIC) was oversubscribed by 108.5% on its first day, according to data from Bombay Stock Exchange. “Offer for sale in GIC got positive response today from non-retail investors. The issue subscribed 1.08 times the base size. The government has decided to…
A major reason for the fall in labour income is artificial intelligence, says an ILO report. | Photo Credit: Getty Images/iStockphoto Inequality is on the rise as the share of labour income has stagnated worldwide and a large share of youth remain out of employment, education, or training, according to the International Labour Organisation’s (ILO)…
The U.S. trade deficit in July expanded to its largest since mid-2022, according to government data released on September 4, 2024, as imports rose more quickly than exports. File picture of Port of Long Beach in California. | Photo Credit: AFP The U.S. trade deficit widened sharply in July as businesses front-loaded imports in anticipation…
A still from the web series ‘IC 814: The Kandahar Hijack’. | Photo Credit: PTI Pooja Kataria, a passenger on the IC-814 flight hijacked in 1999 says viewers should approach the recently released web series based on the incident as entertainment rather than sparking controversy. Sharing her review of the Anubhav Sinha directorial limited series…
Image used for representation purpose only. Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. However, optimism among services firms about next year’s prospects slumped to a 13-month low, while it…
