Much against general expectations, the RBI decided to keep the repo rates unchanged at 6.5% today. This is indeed good for the residential real estate market, which faces a tough road ahead amid massive layoffs by large corporates the world over. India is not decoupled from global economic dynamics and their invariable impact on the
As of April 1, the National Payments Corporation of India (NPCI) will charge an interchange fee of up to 1.1% on UPI Payment using prepaid payment instruments (PPI). There is confusion among users as to who will be charged for these transactions and which payment methods will be charged. To help you understand what will
Mumbai, 27 March 2022 : Despite global economic headwinds, including layoffs by several large and small corporates, the bull run in the Indian housing market continued in the first quarter of the year. Quarterly housing sales are at an all-time high in the last decade, with approx. 1,13,770 units sold in Q1 2023 across the top 7 cities,
A purchase agreement was entered into between First Citizens Bank and Trust Company of Raleigh, North Carolina and Silicon Valley Bridge Bank, National Association, according to the US Federal Deposit Insurance Corporation (FDIC). In a major development in the on-going US banking crisis, First Citizens has acquired Silicon Valley Bank (SVB). As per updates, the
A temporary suspension of spot trading on Binance was announced by the leading blockchain and cryptocurrency platform on Friday. Due to zero commissions, the world’s largest crypto exchange has also increased its market share of Bitcoin spot volume to over 90 percent in recent quarters, according to Arcane Research. Binance has encountered an issue impacting
The gold price breached levels of 60,000 dollars per ounce on Monday. In the international market, it also crossed the $2,000 mark per ounce. However, investors are focused on the Federal Reserve meeting today, which has led to a decline in prices. Due to the crisis in the banking sector, the Fed may slow down
The world of cryptocurrency has been shaken up in recent times by the advent of non-fungible tokens, or NFTs. NFTs have taken the digital art world by storm, and have been used for a wide range of purposes, from virtual real estate to collectible sports cards. In this article, we will explore the rise of
Managing your personal finances help you to avoid problems such as overspending or losing money. If you manage, you are better able to divide your income and use it effectively without having a tight budget. That is why making notes and records about any transaction is a very frequent method at any age of the
Shaktikanta Das, the governor of the Reserve Bank of India(RBI), gave the country’s banking system a thumbs-up, stressing the importance of banking sector regulation and supervision in light of recent developments in the US. “India has a well-regulated and well-supervised banking sector. The same would apply to the NBFC sector and other financial entities under
India and the rest of the world came to a literal standstill with Covid-19 in 2020, and the brief recovery thereafter was followed by the Russia-Ukraine war – which has negatively reset the whole world’s economic barometer. Next came the bursting of a tech boom bubble created by the Covid-19 pandemic, with mass layoffs at
