-The Hindu Business Line Hike leads to 5% increase in average monthly household spend, says report Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz. The report highlights that the FMCG price inflation...
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How Covid-19 pandemic has put India’s children at risk of abuse, exploitation and marriage -Shreya Khaitan
-Scroll.in/ India Spend The country needs a nationwide campaign to protect its children from the economic and social consequences of lockdowns and loss of caregivers, say experts. A six-month-old who was touched inappropriately by her father while they were stuck at home during the Covid-19 lockdown. A 14-year-old who might not be able to go back to school as his father, the family’s only earning member, has died from the disease. Five...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK
-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...
More »Death Count In 24 UP Districts 43 Times More Than Official Covid-19 Toll -Saurav Das
-Article-14.com Excess deaths in UP districts with highest official caseload were between 10 to 335 times higher than the government’s Covid-19 death toll over nine months to 31 March 2021, we found after analysing mortality data, obtained under the right-to-information law. New Delhi: The number of people who died in 24 Uttar Pradesh (UP) districts over nine months to 31 March 2021 was, cumulatively, 43 times higher than the total official Covid-19...
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