A study has revealed that Indians pay a third of their salary as loan installments, known as EMIs. Contents How do Indians spend their moneyHow do Indians spend their money A recent study by PwC and Perbios has revealed how Indians spend their money. The study surveyed 3 million people using financial technology services, non-bank … Read more
The country’s export value has also declined in January for the third consecutive month. Contents Why India’s exports are decliningGrowthSignificant increaseWhy India’s exports are declining India’s exports fell 2.38 percent to Rs 3.17 lakh crore last month, the Union Commerce Ministry said. At the same time, imports rose 10.28 percent to Rs 5.17 lakh crore. … Read more
New Delhi: The contribution of the beer industry to the country’s GDP in 2023 was Rs 92,324 crore, a study has revealed. Contents Beer production sector contributes Rs. 92,000 crore to the country’s GDPBeer production sector contributes Rs. 92,000 crore to the country’s GDP The beer manufacturing sector contributes Rs 92,000 crore to the country’s … Read more
How can I reduce my home loan amount, There are various ways to reduce the cost of a home loan, including seeking a shorter loan term. Contents Which bank is very low interest ratehousing loan repayment periodhome loan repayment increaseWhich bank is very low interest rate When trying to buy your own home, you need … Read more
Mumbai, Feb 8: The Reserve Bank of India (RBI) has announced a much-awaited repo rate cut for the past five years. The short-term lending rate of banks has been reduced by 0.25 percent to 6.25 percent. Its results were released yesterday. Contents What is the expectation of RBI rate cut IndiaThe main points among them … Read more
Internationally, can’t major commodities like crude oil be traded in US dollars? Contents Why is trade done in US dollarsWhy do people trade in USDGlobal Reserve Currency,Dominance in International Trade,Deep and Liquid Financial Markets,Stability and Trust,Convenience, Due to its widespread use,Investment Opportunities,Hedging and Speculation,Official Use,Historical Legacy,Network Effects,Why is trade done in US dollars It can … Read more
New Delhi, The central government has announced a new loan guarantee scheme called MCGS for small, micro and medium enterprises. In this, companies can get loans without collateral Contents What is the new credit guarantee scheme for MSME?What is the new credit guarantee scheme for MSME? The National Credit Guarantee Corporation will guarantee up to … Read more
When the British ruled India, they took away assets worth 5,500 lakh crore rupees from 5,500 countries between 1765 and 1900, according to a report released by the human rights organization Oxfam International. Contents How much did Britain take from IndiaHow much did Britain take from India The annual meeting of the ‘World Economic Forum’, … Read more
New Delhi,India’s fiscal deficit is expected to continue to decline in the coming years on the back of strong tax revenues, and India is expected to continue to be the fastest growing major economy with an economic growth rate of 6.70 per cent in the next two fiscal years, Contents What happens if the fiscal … Read more
Unexpected financial crises can happen to anyone at any time. In times of crisis, an emergency fund comes in handy to meet essential expenses.That is why it is constantly emphasized that it is necessary to create and maintain an emergency fund. Contents Can I use a credit card for emergencies?Can I use a credit card … Read more