By Sanjeev Sharma New Delhi, Nov 27 : For savers, it's a long-awaited win. After years of making virtually nothing on their bank accounts and FDs, savers are finally getting closer to keeping up with inflation. Investors are also getting rewarded with higher interest payments for buying newly iss […]
Category: Savers cheer
Post-pandemic spending spike made household savings dip to 5-yr low in 2021-22
New Delhi, Nov 27 : Indian households' savings fell to a five-year low in 2021-22 as rising inflation gnawed into the purchasing power of the middle class. Also, due to the Coronavirus-induced lockdowns, people were forced to dig into their savings, as the pandemic also led to severe job losse […]
Govt hiked deposit rates to tame inflation; baby steps, say experts
New Delhi, Nov 27 : Concerned over rising inflation, the government, aiming to tame price rise, had hiked interest rate for senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent on September 30 through a notification. It had also raised the tenure and interest rate […]
High inflation rate good for neither borrowers, nor investors
By Sanjeev Sharma New Delhi, Nov 27 : A high rate of inflation hurts the poor, hits demand for consumer goods and adversely impacts investment demand. Sandeep Bagla, CEO, TRUST MF, said that it is widely believed that inflation rate in any economy should be stable at low levels. If rates ar […]
Address supply chain shocks if you wish to rein in inflation: Analysts
New Delhi, Nov 27 : Raising interest rates to control demand and inflation is not the right solution, as high prices are influenced mainly by supply chain shocks, analysts say. Global production and supplies were impacted due to the Coronavirus-induced lockdowns between 2020-21 and 2021-22, an […]