Search For "household savings"
Union Budget provides big tax relief, push for manufacturing; Congress sa
Updated : 1 year, 1 month ago IST
The Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman in Parliament on Saturday, provided major relief to the salaried class with no income tax on an average monthly income of up to Rs one lakh to boost household savings and consumption with the government also
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"Centre has no solution for economic turmoil it has created," Congress chi
Updated : 1 year, 2 months ago IST
Congress chief Mallikarjun Kharge on Thursday attacked the central government for creating "economic turmoil" and said that it has led to a "mess" in the lives of the common people.
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Households savings shift from bank FDs to mutual funds, insurance in last
Updated : 1 year, 2 months ago IST
The savings pattern of Indian households has been undergoing a significant shift over the past three years, with funds increasingly moving from traditional bank deposits to mutual funds and life insurance, according to an SBI report.
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India's household debts surge on back of housing loans, rising trend of un
Updated : 1 year, 6 months ago IST
Amid concerns about India's rising household debts a recent report by Care Edge Ratings highlighted that the increase in household debt is primarily driven by a surge in housing loans, which constitute over 50 per cent of retail loans.
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Household savings are moving to mutual funds from banks impacting their li
Updated : 1 year, 7 months ago IST
The households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI Governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.
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India poised to become world's third largest consumer market by 2026 outpa
Updated : 1 year, 10 months ago IST
According to recent data, India is expected to outpace Germany by 2024 and Japan by 2026, solidifying its position as a global economic powerhouse. The country's rapid ascent is driven by several key factors, including its large population and rising middle class.
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Jairam Ramesh accuses Modi government of 'Hum Do Humaare Do' policy, drain
Updated : 1 year, 10 months ago IST
Jairam says, "In nominal price terms, the net household savings is at their lowest in five years. But the reality is that the real household savings are at their lowest since 2014 once we adjust for inflation. This means that for the entirety of the Modi Sarkar's Anyay Kaal, real house ho
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Afghanistan's struggling economy led to deflation, poverty: World Bank Rep
Updated : 2 years, 1 month ago IST
According to the report, Afghanistan has been facing economic challenges due to reduced aggregate demand, including factors like the stronger local currency, dwindling household savings, reduced public spending, and the ban on opium cultivation.
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Household savings reflect changing consumer preferences
Updated : 2 years, 5 months ago IST
Between June 2020 and March 2023, the Stock of Household Gross Financial Assets increased by 37.6 per cent, while the Stock of Household Gross Financial Liabilities rose by 42.6 per cent, showing little difference between the two. Households added Net Financial Assets of Rs 22.8 lakh cror
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Low-interest rates prompted households to shift to physical assets: SBI Re
Updated : 2 years, 5 months ago IST
A low-interest rate regime in India during the pandemic resulted in a "paradigm shift" of households' savings from financial to physical assets, according to a report by SBI Research.
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LPG price reduction wonderful Rakhi gift for our sisters: Assam CM Sarma
Updated : 2 years, 6 months ago IST
Expressing his gratitude towards Prime Minister Narendra Modi over the reduction in prices of cooking gas cylinders, Assam Chief Minister Dr Himanta Biswa Sarma said that Rs 200 savings on LPG prices will not only enhance household savings but also have a multiplier effect on the overall eco
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