Wednesday, 18 May, 2022
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Economy

Why SBI credit cards could face a Mukesh Ambani challenge

Indian consumers & merchants are thriving on cardless digital credit and Mukesh Ambani with 335 million customers on Jio stands to gain most.

RBI has no option but to cut interest rates this week after Q2 growth slumped to 4.5%

RBI has already cut interest rates by 135 basis points in five moves this year & last week’s weak data gives it added reason to continue pushing for growth.

India’s credit card boom has run into a problem—Mukesh Ambani

Mukesh Ambani wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals.

RBI likely to cut interest rates for 6th time in 2019 to support growth

In five reductions so far in 2019, interest rates have been lowered by a total of 135 basis points over concerns that growth momentum is slowing down.

GST revenue collection crossed Rs 1 lakh cr in November, after 2 months of negative growth

The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018.

Manmohan Singh right about fear? Industrialists hailed corporate tax cut but silent now

PM Manmohan Singh has cited fear in Indian society as one of the factors responsible for the slowdown in economy.

With low GDP, RBI’s Shaktikanta Das will need more than rate cuts and a good reputation

For Shaktikanta Das to even contemplate taking his foot off the monetary pedal now would be a mistake.

Bring back wealth tax & more — Congress-Left meet proposes 7 ways to beat economic slowdown

GST, jobs & unorganised sector formed the focus of a roadmap put forth by economy experts, including from Congress & Left, to ease India’s economic situation.

India’s GDP grows at 4.5% in Q2, lowest in more than 6 years

Led by contraction in manufacturing, GDP growth 0.5% points lower than the 5% registered in Q1 of 2019-20, and will put further pressure on Modi govt.

Mobile games make 39-year-old Singapore’s latest billionaire

Singapore’s newest billionaire Gang Ye is a former government employee who rode mobile sensation Free Fire to earn a ten-digit fortune this year.

On Camera

YourTurn

Representational image | Photo: Dhiraj Singh | Bloomberg

Indian law needs to account for women, make finance inclusive

Indian women face multiple barriers in accessing finance in an equitable manner. Research suggests adding a gender lens to existing laws and financial products is crucial.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

Representational image of Pangong Tso | ThePrint

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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