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India’s northwestern state of Rajasthan has planned power cuts for factories for four hours, becoming at least the third state to halt industrial activity to cope with surging power demand amid intense heat waves. Extreme heat continued to scorch much of South Asia this week, offering no respite from India’s hottest March on record and …
The Employees Provident Fund Organization (EPFO) Universal Account Number (UAN) and the new informal sector workers database are expected to be interoperable to provide a transparent backbone for universal social security coverage in the broader labor market. “One registry and one UAN should be enough for all workers in the labor ecosystem,” a senior government …
US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …
The cost of education at foreign institutions, already much higher than its Indian counterparts, has risen sharply in recent decades. While most major banks and some non-bank financial firms offer study abroad loans, large loan amounts and tighter work visa restrictions increase the risk of remaining in debt. This makes it even more important to …
The last change in the interest rates of the Small Savings Plans (SSS: better known as Correos Plans) was for the April-June 2020 quarter and was notified on March 31, 2020. The change in the interest rate obviously went down. That was when we were in the middle of the Covid pandemic. The Reserve Bank …
I’m sure I’m not the only one who says that credit cards are extremely useful. But from time to time they get a bad rap when some misuse them. So does that make credit cards bad? No problem. Some think that credit cards can cause them to spend more than they should. But if so, …
Loan interest rates are expected to rise and bank rates are expected to change in May. Investment funds will adopt the swing pricing mechanism and management companies will have to start investing more in their own devices. These are the main regulatory and operational changes that are expected to start in May. Home because loan …
India has asked utilities and private companies to ensure the delivery of 19 million tonnes of coal from abroad by the end of June, according to a letter from the Ministry of Energy, reflecting the urgency of securing supplies in a costly market in amidst ever-increasing blackouts. The move, which is the first time the …