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1991 BALANCE OF PAYMENTS CRISIS
Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...- The evolution of mobile banking apps into financial operating systemsMobile banking apps now serve as primary financial interfaces for millions. Consumers expect a single platform for all their financial need...
- Quote of the day by Graham Greene: 'Point me out the happy man and I will point you out either egotism, selfishness, evil - or else an absolute ignorance'; life lessons on how there is no such thing as complete happiness and sadness is inevitableComplete happiness and unconditional joy are non-existent concepts. Years earlier, iconic British author Graham Greene argued that people w...
- HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank listHDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY...
- UPI now accepted for online Burj Khalifa bookings before Indians arrive in Dubai; first for UAE attractionIndian travellers can now book Burj Khalifa tickets online using UPI. This integration makes the Dubai attraction the first in the UAE to a...
- Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 c...
- A misdiagnosis of US failings leaves Donald Trump stuck in IranTrump’s Iran strategy has reached a dead end despite repeated military threats, exposing the limits of US power. America’s inability to for...
- Emirates now accepts cryptocurrency for flight bookings; here's how it worksEmirates has launched Crypto.com Pay as a payment option on its website and mobile app, allowing eligible UAE residents to pay for flight b...
- Delhi HC orders winding up of Paytm Payments Bank, appoints former SBI official as liquidatorThe Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India's decision to ...
- Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellationPaytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's e...
- Quote of the Day by Jodie Foster: 'It's an interesting combination: Having a great fear of being alone...'-Powerful life lesson on human paradox and how solitude reveals why being alone can be both a fear and a strength by the actress known for iconic role in Taxi DriverJodie Foster's quote highlights the human paradox of fearing loneliness yet needing solitude. This emotional complexity is natural and allo...
- Quote of the day by John Stuart Mill: "As a rule, Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive worksJohn Stuart Mill’s quote highlights that market panics do not create losses but reveal prior misallocation of capital. The piece explains h...
- RBI, govt measures could turn India's balance of payments surplus, ease pressure on rupee: HDFCRecent policy measures may shift India's balance of payments to a surplus. These actions aim to attract significant capital inflows and str...
- Despite price hikes, smartphone demand stays strongMost smartphone users will still buy devices despite ongoing price increases. Young users aged twenty-five to thirty are willing to pay mor...
- Governor OTT release date and platform details: When and where to watch Manoj Bajpayee's latest political movie onlineGovernor: The Silent Saviour, starring Manoj Bajpayee made its digital debut. The film recounts the 1991 economic crisis and the RBI Govern...
- US Stock Market: US Treasury's growing reliance on short-term bills sparks debate over borrowing risksThe US Treasury is increasing short-term bill issuance to meet rising funding needs. This strategy aims to rebuild government cash balances...
- Paytm attracts more Gen Z users as its UPI payments growth outpaces industryPaytm's app enhancements and AI features are attracting new Gen Z customers. The company's UPI payments business grew over double the indus...
- Best balanced advantage funds or dynamic asset allocation funds to invest in July 2026Balanced advantage funds dynamically manage equity exposure based on market conditions. These hybrid schemes invest in stocks, debt, and ar...
- Rupee languishes at two-month lows as supply worries raise oil pricesThe Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an e...
- Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...
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