In recent years, India has witnessed a significant shift in payment behavior, with the rise of UPI (unified payments interface) transactions reshaping the country’s payment landscape. According to a research report by the State Bank of India’s economic research department, every Re 1 increase in UPI transaction value correlates with an 18 paisa decline in … Read more
In an era marked by increasing natural disasters and unpredictable geopolitical situations, ensuring the stability of financial systems has become a paramount concern. The Reserve Bank of India (RBI) recognizes the need for a reliable payment system that can function independently of traditional technology, catering to critical transactions during times of crisis. To address this … Read more
The Reserve Bank of India (RBI) has outlined its ambitious agenda for the fiscal year 2023-24, signaling its commitment to driving digital transformation in the financial sector. The central bank’s agenda focuses on key areas such as central bank digital currency (CBDC), financial technology (FinTech), and regulatory technology (RegTech). By harnessing the potential of these … Read more
Jeff Bezos and Lauren Sánchez have commenced the process of crafting a prenuptial agreement to safeguard their respective financial interests
The Evergrande Group, one of China’s largest property developers, has recently come under the spotlight due to its mounting financial challenges. With a staggering debt of nearly 900 billion yuan (US$127 billion), including overdue debt, unpaid bills, and legal disputes, the company finds itself in a precarious situation. This article aims to delve into the … Read more
The Indian government has recently taken a significant step to ease the financial burden on non-government salaried employees during retirement by raising the tax exemption limit on leave encashment. Leave encashment refers to the conversion of accumulated leave into cash at the time of retirement or resignation. Previously set at Rs 3 lakh, this limit … Read more
The COVID-19 pandemic has significantly transformed the way we work. With the widespread adoption of remote work, many companies have realized the benefits and advantages of allowing their employees to work from home permanently. This shift has prompted several organizations to offer a permanent work-from-home facility, enabling employees to strike a better work-life balance and … Read more
Shein, the global online fast fashion retailer, has gained immense popularity with its extensive clothing offerings and unbelievably low prices. However, beneath the surface lies a host of controversies surrounding the company. From human rights violations and environmental concerns to allegations of design theft, Shein’s practices have raised significant ethical and health-related issues. This article … Read more
The German economy, widely regarded as Europe’s economic powerhouse, faced a significant setback in early 2023 as it slipped into a recession due to mounting inflationary pressures. In the first quarter of the year, Germany’s gross domestic product (GDP) experienced a contraction of 0.3%, following a decline of 0.5% in the previous quarter. This consecutive … Read more
The United States faces a recurring challenge known as the debt ceiling standoff, which arises when the government reaches its borrowing limit. The debt ceiling represents the maximum amount of debt the government can legally incur. In January 2023, the US government hit the debt ceiling limit of $31.4 trillion, initiating a series of extraordinary … Read more