-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...
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Surveys on learning losses by month end, panel told -Priscilla Jebaraj
-The Hindu House panel on education discusses COVID-19 impact The Centre is assessing how badly school students have Been hit by the COVID-19 pandemic, and will collect States’ surveys on digital education access and learning losses by the end of this month, the School Education Department told a parliamentary panel on education on Monday. The panel asked the Centre to also assess the impact of its own guidelines and interventions, as well as...
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 »Focus on COVID-19 estimated deaths -Chandrakant Lahariya
-The Hindu Mortality estimates, not officially reported deaths, have the potential to strengthen the pandemic response In India, even before the COVID-19 pandemic, around 85% of all deaths were registered and only one-fourth of the registered deaths were medically certified for the causes of death. There have Been wide variations among States and within them, in rural and urban areas. Understanding the causes of death is essential for health sector planning and...
More »Many schools in Bengaluru tie up with third party finance companies to collect fees -Soumya Chatterjee
-TheNewsMinute.com Parents say despite the Karnataka government putting a school fee cap of 70% of tuition fees, this has not Been enforced due to ongoing litigation. A legal stalemate at the Karnataka High Court over the fee regulation of ICSE and CBSE schools in the state and especially Bengaluru has left many parents high and dry. Since the onset of the pandemic and the resultant economic slowdown, parents who suffered a loss...
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