working-women-korean
Economy

Married women bear the brunt of the pandemic’s job loss in Korea

According to central bank study, working moms in South Korea have lost much more jobs than single women during a pandemic that has hit female employment harder than in previous economic crises. According to Bank of Korea economists Oh Sam-il and Lee Jong-ha, married women aged 30 to 45 accounted for 95 percent of the

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Bitcoin
Economy

Bitcoin has risen 1.32 percent to $60,555.97, putting it back above $60,000 for the first time

On March 13, Bitcoin broke through the $60,000 barrier for the first time. On Sunday, Bitcoin climbed 1.32 percent to $60,555.97, breaking through $60,000 for the second time in ten days. From the year’s low of $27,734 on January 4, the world’s largest and most well-known cryptocurrency is up 118.3 percent. On March 13, Bitcoin

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home-loan
Economy

SBI, Kotak Mahindra Bank, and HDFC are among the Indian banks offering the lowest home loan interest rates: see the comparison report

The interest rates on home loans have been reduced by State Bank of India (SBI), Kotak Mahindra Bank, and HDFC. People have been able to purchase their dream homes thanks to lower home loan rates. Banks’ lower interest rates on home loans have also aided in the increase in real estate sales. Since March 2020,

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Kishore-Biyani
Business Economy

Future Group claims Amazon demanded $40 million in compensation for the RIL 2020 deal; Amazon denies the allegations

Amazon had asked Future Group for $40 million in compensation for the contract with Reliance Industries, according to documents submitted by the Kishore Biyani-led firm, and the US-based corporation was well aware of the Rs 24,713 crore Future-RIL deal. Future Group reported that Amazon requested $40 million (roughly Rs 290.41 crore) in compensation for the

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fuel-petrol-diesel-price
Economy

Petrol and diesel prices have risen for the sixth day in a row in metro areas; see current fuel prices here

Petrol and diesel prices in the four metros hit all-time highs on Sunday, February 14, after oil marketing firms raised rates by nearly 29-32 paise. According to sources, the Indian Oil Corporation, the country’s largest fuel retailer, raised the price of petrol by 29 paise from 88.44 per litre to 88.73 per litre, and diesel

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sitharaman
Economy

Spending on infrastructure creates a capital asset, employment, demand, and other benefits, according to Nirmala Sitharaman

Your budget has been dubbed “one of the best budgets in recent memory.” Were you anticipating such a response?Our only concern was to ensure that we produced a budget that would aid the stimulus. I believe that between the PMO, the Finance Ministry, and each department responsible for its own affairs, we had all spent

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PM-Modi-in-Rajya-Sabha
Economy

‘Can the Babus Government Do Everything?’ The Prime Minister makes a strong case for privatization

Prime Minister Narendra Modi made a strong case for the private sector playing a larger role in the economy on Wednesday, saying that disparaging private enterprise was tantamount to doubting the ability of youth and suspecting their motives. Wealth creators are also important for the country since wealth can only be spread if wealth is

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Reserve-bank-india1
Economy

On February 10, 2021, the Reserve Bank of India will purchase bonds worth Rs 20,000 crore via open market operations

Since the markets were seeking higher yields for the five-year and 10-year bonds being issued, the central bank devolved nearly the entire bond auction on primary dealers on Friday. After the Reserve Bank of India (RBI) signalled its displeasure with higher rates, the bond market is bracing for another year of yields below 6% on

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banks-union
Economy

Bank unions have planned a two-day strike starting March 15, 2021, in protest of the proposed privatization of PSBs

On Tuesday, the United Forum of Bank Unions (UFBU), a federation of nine unions, called for a two-day strike starting March 15 to protest the planned privatisation of two state-owned banks. Finance Minister Nirmala Sitharaman declared the privatisation of two Public Sector Banks (PSBs) as part of the government’s disinvestment programme in the Union Budget

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Nirmala-Sitharaman
Economy

Nirmala Sitharaman says the central government would collaborate with the Reserve Bank of India to carry out the bank privatization plan

Nirmala Sitharaman, the Finance Minister, said on Sunday that the government would work with the Reserve Bank to implement the bank privatisation programme stated in the budget. Sitharaman also told reporters in the financial capital that the government has no plans to establish a bank investment company to hold government stakes in banks. As part

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budgets2021-22
Economy

The economy needs significantly more growth than what the Budget for 2021-22 proposes

Though the government has struggled to deliver on promises made in the main budget and subsequent mini-budgets, projections for next year show missed opportunities to use fiscal policy to help the economy recover. Budget 2021 had a lot riding on it. Unsurprisingly, given the economy’s two-year recession, a pre-pandemic annual growth rate of 4%, which

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Reserve-bank-india
Economy

The RBI’s Monetary Policy Committee will meet on February 3rd, 2021

The Monetary Policy Committee of the RBI is expected to keep the main policy rate unchanged, but observers believe the Union Budget 2021 will prompt policy changes. The three-day Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) is set to begin on February 3rd, 2021. The outcome of the meeting will

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tuhinkan-pandey
Economy

Tuhin Kanta Pandey, DIPAM Secretary, said in an interview that he is confident in listing LIC, selling BPCL, and selling Air India in FY2021-22

Although the names of two public sector banks (PSBs) and one general insurance company to be privatised have yet to be determined, Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management, or DIPAM, told Moneycontrol on February 2 that simply announcing that state-run banks are up for privatisation was a major

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Infra-Budget
Economy

The Union Budget for 2021 lays the groundwork for $5 trillion economies in the near future.

Monetization of infrastructure assets, divestment plans for non-core assets, and tax enforcement that is conducive are all likely to draw much-needed foreign capital. In its most simple form, the Union Budget is the government’s annual financial plan, but it also has a profound impact on the economy’s long-term trajectory. There were concerns in the run-up

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deep-sea-mining
Economy Travel

The Government of India’s Blue Economy Policy Highlights Deep-Sea Mining

Among the policy’s highlights are an accounting system for assessing the blue economy’s development, as well as mapping of India’s coastal zones for integrated coastal and marine spatial plans. According to a draught of the policy released by the ministry of earth sciences for public comment on Monday, India is working on a Blue Economy

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Reserve-bank-india
Economy

RBI Proposals To Restrict Land Financing By NBFCs, According To India Ratings Report

The Reserve Bank’s proposals to limit NBFCs’ access to unique real estate financing would have an effect on land financing, according to the study. According to India Ratings and Research (Ind-Ra), the Reserve Bank’s proposals to limit particular real estate funding by NBFCs would have a direct impact on land financing. In a recent discussion

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Bonds in India Survey
Economy Government

Bonds in India are bracing for losses as a result of Prime Minister Modi’s near-record borrowing plan for 2021

The biggest challenge for Indian bonds this fiscal year has been the constant supply of sovereign debt, as pandemic relief efforts took precedence. In the coming fiscal year, India is expected to sell a near-record amount of debt, putting pressure on a sovereign bond market that is becoming increasingly concerned about central bank funding.According to

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Cyber crimes
Economy

Virtual Insurance Coverage: Purchasing insurance against cybercrime is becoming easier, but there are some restrictions

Insurance covers for phishing, online fraud, and cyber stalking will be widely available at reasonable rates in India soon. Individuals must, however, ensure that their anti-virus protection is up to date in order to use these items. If you’re over the age of 30, you’ve probably been a target of some kind of cybercrime. It

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