FINANCIAL STRAIN
Indian financiers’ debt lures buyers on widest spread since 2020
Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive growth trajectory.
Asia shares muted on mixed China data, euro pressure
Asian share markets softer on mixed Chinese economic data. European political uncertainty persists. Swiss National Bank may ease. Markets await U.S. retail sales and Fed speeches. French political risks weigh on euro. Gold and oil prices stable.
The Life Insurance Rule: How much money will your family need if your income stops?
Life insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following this rule, you can estimate the income your family would need to maintain their standard of living if you were to pass away.
Empowering women with financial planning: Term insurance as a safety net
Women often overlook self-care while balancing caregiving and financial roles. Recognizing the importance of insurance coverage for financial stability is crucial for long-term resilience.
Should you buy a house now or rent it? Key factors that will help you to decide
While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need to check.
Are fears and panic around PSUs overblown? Sandip Sabharwal answers
Ideally, they should not be able to because like you rightly said, it is more commoditised. In fact, you look at the reason why did HDFC merge into HDFC Bank, because they realised that the margins are going to get squeezed and if they do not have a low-cost deposit franchise which supports the margin squeeze, that will become tougher.So, many of these housing finance companies sustain higher margins to develop financing, loan against property, etc, which are higher margin, but then also carry higher risk.
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Bribe in EMIs! Corrupt Gujarat babus ‘with a heart’ now accepting bribe in installments
Gujarat government officials adopt a disturbing tactic, allowing citizens to pay bribes in installments, easing financial strain. Dubbed 'empathetically corrupt,' this method surfaces amidst reports of hefty bribes demanded, including a Rs 21 lakh demand split into nine EMIs. Cases like these highlight systemic corruption, prompting calls for stringent action. Reports indicate a surge in such incidents, emphasizing the need for immediate intervention.
NITES alleges onboarding delay of over 2,000 campus recruits by Infosys; seeks Labour Ministry probe
Nascent Information Technology Employees Senate (NITES) alleged that the delays have persisted for more than two years, and caused significant hardship for the affected professionals, leaving them 'in a limbo'. Infosys did not comment on the matter.
Kuki-Zomi-Hmar MLAs of Manipur accuse state government of deliberately blocking development projects in their areas
Allegations of neglect in Hill Districts of Manipur by Kuki-Zomi-Hmar MLAs against the State Government post-ethnic violence. Claims of halted development projects and discrimination. Government denies allegations citing challenges and financial crisis impacting fund releases.
Top features of personal loans and the factors to consider before getting one
All you need to know about personal loans and what you should keep in mind before opting for one.
Road Ministry against hike in project lending rates, bats for status quo
"RBI, as a regulator, will have to create that balance to ensure financial viability of road projects does not take a hit," an official said. The central bank earlier this month proposed tighter norms, requiring lenders to allocate 5% of the project loan amount as general provisions during the construction phase, up from 0.4% provisions now.
Aircel founder C Sivasankaran praises Modi govt, says today's India is not like what it was a decade ago, criticises UPA for pressuring businesses
Aircel founder Chinnakannan Sivasankaran has praised India's current business environment, noting, "Today no one can pressurize you." He contrasted this with the coercive pressures of a decade ago under the UPA regime, when Aircel faced severe financial struggles, intense competition, and regulatory challenges, ultimately leading to its market exit and liquidation in 2018.
6 Travel expenses for which you can use a personal loan
Personal loans from IDFC FIRST Bank, specifically FIRSTmoney, help cover travel expenses without draining savings. FIRSTmoney's digital loans offer flexible fund access for stress-free travel planning.
It's open season on international students across the world; and countries have billions at stake
Countries are reevaluating visa programs and education exports as student numbers surge, impacting housing costs, public services, and financial contributions. The debate involves higher-education providers, employers, tuition fees, migration policies, funding models, the role of the Office for Students, and government language affecting international student perceptions.
Less enthusiasm on the spectrum front
Airtel has to top up on spectrum that is lapsing in select telecom circles. Jio can afford to take it easy after having cornered the biggest chunk of airwaves put up for sale in the previous round of auctions in 2022. In the event, Jio still remains the most hungry for spectrum, signalling its interest to buy three times as much as Airtel, and 10 times as much as Vi.
Significant progress made in expediting India-assisted projects in Maldives: Foreign Minister Zameer
Maldivian Foreign Minister Moosa Zameer highlighted progress in India-assisted projects in the Maldives during his recent bilateral visit to India. Discussions with Indian counterpart S Jaishankar focused on accelerating these projects' execution. India agreed to extend the repayment deadline for USD 150 million of a debt, with no conditions attached. Zameer emphasized the Maldives' commitment to completing these initiatives and reiterated this stance during his India visit. Jaishankar emphasized the importance of India's ongoing projects in the Maldives.
Australia tightens student visa rules, increases financial requirement as migration surges
Australia has raised student visa savings to A$29,710, enforces stricter English rules, and has issued warnings of penalties for misconduct. Efforts aim to tackle migration surge, maintain rental market sustainability, and uphold integrity in the education sector.
Is Japanese Yen a canary in the coalmine? What it means for Bitcoin
The crisis facing the yen stems from a confluence of factors that have pushed the Bank of Japan into an economic policy corner. With a debt-to-GDP ratio of over 260%, among the highest in the world, Japan has been effectively locked into keeping interest rates at ultra-low levels, near zero, for years.
Delhi schools fee hike not as per rules, placed undue financial strain on parents: Vigilance report
The vigilance directorate has written a letter to the director of education highlighting fee hike irregularities in 18 schools and five private institutions, alongside concerns over the failure to meet the 25% economically weaker sections (EWS) quota. Investigations revealed retrospective fee increases, breaching regulations and burdening parents financially. The DOE is called upon to provide explanations within seven days.
No jobs, no future: In Canada, drugs are Indian students’ last resort
The grim reality of hefty education loans and joblessness in the land they once hoped would offer prosperity has ensnared numerous Indian students in Canada in a vicious cycle of cocaine, marijuana and liquor as a coping mechanism for unemployment-induced stress
Hindi-medium IITian shares his struggles at India's premier institute and what saved his life
Deepak Baghel, an IIT Bombay alumnus turned motivational speaker, bravely shares his struggles with suicidal thoughts and three major challenges during his college days on LinkedIn. Facing financial hardship, academic setbacks, and institutional rigidity, Baghel's candid narrative sheds light on the silent battles many students endure. His poignant post garners over 800 likes, sparking vital conversations about mental health and resilience.
India's textile exports face second consecutive year of decline amid geopolitical strains
In the fiscal year 2023-24, exports amounted to $34.4 billion, marking a decline of over $1 billion (3%) compared to the previous fiscal year. Additionally, exports saw a significant drop of 16.3% compared to the fiscal year 2021-22, when the country reported exports worth $41 billion, the TOI report stated.
India’s hot summer creates winners in its pricey stock market
The coming months will also see hundreds of millions of voters attend campaign rallies and head to the polls in a parliamentary election that lasts for weeks starting mid-April. Such increased activity will likely amplify the impact of extreme weather and boost demand for products to tackle heat.
What should you do when a family member asks for financial help?
Whatever be the role of each family member, the ability of one with money, power and authority to treat others equitably, without craving deference and special treatment, is a tough act, but is necessary to imbibe. Giving does not make one an authority to judge how the other must live his life or spend his money. That is still the personal domain of the household.
The double cancer blow to Kate and King Charles leaves Britain's royal family depleted and strained
The Princess of Wales' disclosure that she has cancer has prompted an outpouring of goodwill for Kate and for a royal family that's now facing two serious health crises. Some of the social media frenzy that has swirled during the princess' absence from public view should now seep away.
Tyre stocks likely to remain under strain on rising raw material costs
Price of natural rubber, a major raw material, trades at a near decade high level. Any change in the spot prices of inputs affects the financials of tyre companies with a lag of 60-90 days. The current surge in rubber price is expected to reduce the gross margin by 150-200 basis points and may lead to an earnings downgrade of 8-12% for the next fiscal year.
What the US economy needs is a cheap date
Food prices have increased by 25%, taking up over 11% of income in the US. Despite inflation, people spend more in restaurants. Meanwhile, TVs, air conditioning, and car services became cheaper. This has resulted in a big drop in the standard of living for many people. There has been a lot of theorising about why so many Americans feel worse off economically. True, real wages are now finally increasing, the labour market is great, the stock market is up, and consumers are spending. But none of this amounts to a complete picture of Americans' quality of life.
8 easy tips for women to achieve financial freedom
Women in India face societal pressures and a gender pay gap. They must ensure that they are investing in themselves and their future, without neglecting their family's needs. Whether you're single, married, or divorced, navigating these challenges can be tough.
Global debt crisis deepens: Developing nations struggle under unprecedented financial strain
In 2022, developing countries faced a huge debt problem, paying a massive USD 443.5 billion in debt costs. The World Bank reported that this increase, caused by the highest global interest rate rise in 40 years, took away funds from important areas like health and education. Debt payments went up by 5% for all developing countries.
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