Latest Updates Around The World
This week I got an unexpected opportunity. I wrote my first opinion piece for The Globe and Mail, and the topic was something that has become a recurring feature of Canadian pension debates: proposals to reduce or eliminate minimum RRIF withdrawal rates. The idea is often presented as a compassionate solution to protect seniors from […]
M Nagaraju, Secretary, Ministry of Financial Services Photo credit: Devarajan RN 1231@Chennai According to M Nagaraju, Secretary, Ministry of Financial Services, Life Insurance Corporation (LIC) of India will soon undergo a digital transformation in its operations. While responding to an observation that LIC’s services still remained traditional queries after delivering the 69 Foundation Day Lecture […]
I’m writing this post for one reason: To debunk a horrible, bullsh** study that concludes that: “The later you retire, the sooner you die.” Sounds…intriguing?! Retire earlier = live longer?! Retire later = die sooner?! It pains me that a bunch of idiots in my industry (creating educational content about personal finance) don’t have the […]
Before the article, check out the latest news on my podcast, Personal finance for long-term investors: Now, here’s today’s article: I’m pretty good with numbers, so can you please give (in more detail?) an example of how tax revenue harvesting works in practice? -MV Let’s do it, MV. Let’s give you the numbers behind tax […]
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Bank of Baroda (BoB) says the Baroda Repo Based Lending Rate (BRLLR) will drop to 7.90% from the existing 8.15%. | Photo credit: ANUSHREE FADNAVIS Hours after the RBI cut the key policy rate, state-owned lenders Bank of Baroda (BoB) and Bank of India on Friday announced a 25 basis point rate cut on loans […]
The Reserve Bank of India (RBI) has been doing its best to ensure that monetary policy continues to support India’s economic growth. Now is the time for markets to show maturity and not remain exuberant, SBI Research said in a report, as the central bank cut the repo rate in an unprecedented manner amid favorable […]
According to Governor Sanjay Malhotra, the RBI’s policy has always been to allow the market to determine the value of the rupee and not focus on any price level or band. The above observation comes against the backdrop of the rupee breaching the 90 mark against the dollar a few days ago. “We believe that […]
Pincode has reduced its offering, leaving categories such as fashion and electronics to focus on hyper-local and high-frequency segments such as food and groceries, Moneycontrol reported in April 2024. | Photo credit: MURALI KUMAR K Pincode, a hyperlocal shopping app from PhonePe, is winding down its business-to-consumer (B2C) vertical, which also offered deliveries within 15-30 […]
The Reserve Bank of India’s (RBI) repo rate cut by 25 basis points (bps) will support consumption and investment and reduce borrowing costs for companies, according to senior bankers. State Bank of India (SBI) Chairman CS Setty said the decision to cut interest rates while keeping the door open for further easing will protect the […]
