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Thursday, March 28, 2024
TopicHousehold savings

Topic: household savings

RBI’s key economists feel rising households debt could spur economic growth, contrary to worries

Minutes of Monetary Policy Committee meeting show that several members felt debt-fuelled consumption could become a ‘self-fulfilling prophecy’ to boost overall growth.

Households are saving less and borrowing more, but that’s not necessarily a bad thing

Data for 2022-23 shows households’ reliance on borrowings has increased not only to finance consumption, but also to purchase or construct property. Vehicle loans also saw an increase.

How do Indians save money? It depends on income growth, inflation, and banking access

Paper co-authored by SBI chief economist Soumya Kanti Ghosh underscores how policies geared towards boosting real income and reducing inflation could help hike savings rate in India.

Real estate over banks — where the average Indian household is putting its savings

Over the past few years, especially post-pandemic, financial savings have been witnessing a shift with more households shifting away from traditional instruments such as bank deposits.

Why endowment plan, a traditional life insurance scheme, is part of most household finances

Unlike term plans that provide life risk cover or unit-linked schemes, where returns are market-linked, endowment plans offer maturity benefits upon survival & minimum guaranteed return.

India’s savings rate exceeds UK, US, Brazil’s. Real challenge is turning it into investment

In 'Grasping Greatness', Ila Patnaik and Radhika Pandey analyse savings and capital formation in India.

Jaithirth Rao is wrong. Material wealth and economic apartheid are not Positive Economics

Entrepreneur Jaithirth Rao's recent attack on Oxfam report on inequality ignores the fact that only the rich are getting richer in this beleaguered Indian economy.

Covid and containment worsened women’s mental health, increased food insecurity in India

Researchers from California, Pennsylvania and Chicago universities surveyed households in Rajasthan, UP, Bihar, Jharkhand, MP, and Maharashtra to also find a drastic fall in monthly income.

Why RBI’s proposed microfinance policy changes are borrower-friendly

Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.

Modi wants to bring household savings into financial markets but Budget roadmap isn’t clear

Incentivising informal sector workers to save is good, but creating separate schemes for different groups divides an already fragmented pensions market.

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.