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PRECAUTIONARY SAVING
Psychology says people who keep emergency cash in multiple places may think about future uncertainty differentlyKeeping emergency cash in several places may reflect a particular way of managing uncertainty. The person may not expect anything to go wro...- Banks propose 'Yes-No' prompt for high-risk UPI transfers to curb digital payment fraudsIndian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...
- Connaught Place shops, offices to shut down by 6.30 pm on Thursday amid CJP protestsNew Delhi Traders Association directed shops to close by 6:30 pm. This decision followed telephonic instructions from NDMC officials regard...
- Axis Bank Q1 Results: Net profit jumps 23% YoY to Rs 7,114 crore; NII up 8%Axis Bank Q1 Results: Axis Bank reported a 22.5% YoY rise in Q1 FY27 standalone net profit to Rs 7,114 crore, while net interest income inc...
- China's record consumer defaults undermine Beijing's push to boost spendingChinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth....
- China's Q2 GDP growth cools to 3-1/2-year low, structural imbalances complicate policyChina's second-quarter economic growth slowed to its weakest pace in over three years. Official data revealed a 4.3% annual rise, missing a...
- Trinamool crisis deepens amid fund probe row, key resignationsA political storm is brewing in Kolkata as dissident Trinamool MLAs, led by Ritabrata Banerjee, have lodged a police complaint demanding a ...
- Reassure homes, not just economy: Why India’s growth feels weaker at household levelThe ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data point...
- K C Venugopal says Delhi-bound Air India flight diverted to Chennai 'came frighteningly close to tragedy', airline respondsAn Air India flight from Thiruvananthapuram to Delhi, carrying Congress leader K C Venugopal and other MPs, was diverted to Chennai due to ...
- Indian auto dealers hopeful ahead of festive season, US tariff fears persistIndian auto dealers anticipate a sales boost during the upcoming festive season. Rakhi, Janmashtami and Ganesh Chaturthi are expected to dr...
- Normalcy returning to household saving behaviour: RBI Dy Guv Michael PatraReserve Bank Deputy Governor Michael Patra reported that household saving behavior is returning to normal, with total household savings sta...
- Jobs & infra creation to boost household savings: Finance MinistryMinister of State for Finance Pankaj Chaudhary noted on Tuesday that the government’s emphasis on improving the ease of doing business, enh...
- Cash may still be king despite pick up in digital transactionsThe precautionary behaviour in cash usage is also evident from the excess financial savings of households, which rose to 15.5 per cent of t...
- How to locate Elden Ring saved file on your PC? Find out hereElden Ring players can trace their save file location and back it up now. There is a process to do so without losing any in-game progress. ...
- COVID-19 second wave poses challenge for FMCG industry, rural demand may be blunted: ITCIn terms of consumption, urban-led recovery may be relatively muted compared to the first wave, while rural demand may also be blunted by t...
- Household savings Q3'20-21 higher than pre-pandemic levelsSignificantly, individual savers also rushed to small savings in which the returns are higher than bank deposits as banks have lowered inte...
- Second COVID wave impacts bank deposits, currency holding with public: RBI articleBank deposits -- having a share of around 55 per cent in total assets of households -- decelerated by 0.1 per cent at end-April 2021 on a m...
- COVID caution pushes household savings by more than two-fold in Q1'20-21Preliminary estimates by RBI indicate that household financial savings jumped to 21.4 per cent of GDP in the first quarter(April-June) of 2...
- Tough time for savers: Interest income dries up when you want to save moreMonetary policy developments are not looking favourable for savers.
- Economic Survey: CEA wants you to save more for India to grow fasterIt said higher savings are important as it preclude domestic consumption that drives growth.
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