Rising use of credit cards

15 Jun 2024 03:55 AM IST

While South Asia’s remittance growth outlook for 2024–25 is still well above the forecast for all other regions, significant downside risks point to a slowdown as strong labor market conditions in key migrant destinations stabilize after a peak in 2023. The downside risks hinge on forecasts of subdued GDP growth, persistence of high commodity prices, […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

The domestic foreign exchange market has remained relatively stable, lending support to overall macroeconomic stability in a period of strengthening of the USD against other currencies and bouts of volatility in international foreign exchange markets. The stability of the Indian rupee (INR) is reflected in a variety of indicators ranging from movement in real effective […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

The Household Consumption Expenditure Survey released by NSSO indicates a significant change in spending patterns by consumers. Spending in rural areas increased by 164 per cent and in urban areas by 146 per cent since 2011-12 at current prices. The data suggests spending on food has significantly dropped both in rural and urban areas. The […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

Employees’ Provident Fund Organisation (EPFO) has added 18.92 lakh net members in the month of April 2024. The addition during the month is the highest since the first payroll data was published in April 2018, as per the official statement. EPFO has added that around 8.87 lakh new members have enrolled during April 2024. According […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

The shares of Crop, Livestock, Forestry and Fishing sub-sectors in value of output of Agriculture and allied sector were 54.3%, 30.9%, 7.9% and 6.9% respectively in 2022-23. Two largest groups of crops sub-sector namely ‘cereals’ (27.3%) and ‘fruits and vegetables’ (28.3%) together accounted for more than 55% in 2022-23 in total output of crop sub-sector. […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

Across the world, millions of parents and families are struggling to provide the nutritious and diverse foods that young children need to grow, develop and learn to their full potential. Growing inequities, conflict and climate crises, combined with rising food prices, the overabundance of unhealthy foods, harmful food marketing strategies and poor child feeding practices, […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

India is fourth-highest funded country globally. While 3 unicorns have emerged, there were 17 IPOs during this period. Indian tech startups raised a total USD 4.1 billion in H1 2024, four per cent higher than H2 2023, although the numbers still trailed the levels seen a year ago, according to a report by market intelligence […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

At the end of 2023, an estimated 117.3 million people worldwide were forcibly displaced due to persecution, conflict, violence, human rights violations and events seriously disturbing the public order. Based on operational data, UNHCR estimates that forced displacement has continued to increase in the first four months of 2024 and by the end of April 2024 […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

The Central Water Commission is monitoring live storage status of 150 reservoirs in the country. Out of these reservoirs, 20 are of hydro-electric projects having total live storage capacity of 35.299 BCM. The total live storage capacity of 150 reservoirs is 178.784 BCM which is about 69.35% of the live storage capacity of 257.812 BCM […]

Rising use of credit cards

15 Jun 2024 03:55 AM IST

The global economy is stabilizing but the outlook remains subdued—both advanced economies and EMDEs are projected to grow at a slower pace over 2024-26 than in the pre-pandemic decade. Recent upward pressures on global core inflation are anticipated to gradually ease, such that headline inflation converges to levels broadly consistent with central bank targets by […]