The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. Issued on: 19/03/2024 – 05:07 2 min While the move will be Japan’s first interest rate hike in 17 years, it …
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However, complete and effective financial inclusion encompasses far more layers than just owning a bank account. It implies, inter-alia access to a comprehensive set of financial services that include savings, credit, insurance, and payments – tailored to meet the diverse needs of individuals, particularly the marginalized and underserved sections of society. India’s journey towards financial …
At the height of the pandemic, in spring 2020, Maria O. her husband and four children were quarantined in their one-bedroom apartment in South Los Angeles, each vying for privacy, quiet and adequate technology to work and attend school remotely. There werenât enough tablets or laptops, and Wi-Fi was glitchy. Her children ended up logging …
In the fall of 2018, California’s voters were determined to make a dent in the state’s rapidly escalating homelessness crisis. By a wide margin, they supported a ballot measure sold as No Place Like Home, which promised to use taxpayer money earmarked for mental health treatment to pay for a $2 billion housing bond. Voters …
Mutual Funds vs bank deposits: A change in how consumers view money, shifting from saving to investing, is tightening the availability of funds in banks. The shift from saving to investing among consumers is reducing the amount of available money in banks, as more people are choosing mutual funds over traditional savings accounts. Adhil Shetty, …
Banks are expected to witness a big ATM refresh cum addition cycle in the next 12-18 months, involving replacement of nearly 40,000 ageing ATMs, and expansion of network by about 10,000, as per industry estimates, reported Business Line. All scheduled banks collectively added 4,452 ATMs (automated teller machines) in FY23, with their network standing at …
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This week, Gov. Gavin Newsom presented the first pass on the 2024-25 state budget. It includes his ideas for addressing an $11 billion drop in funding for TK-12 and community colleges and a larger projected general fund deficit affecting child care and higher education. × This page requires Javascript. Javascript is required for you …
India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the …