Income inequality dips since FY17; formalisation, Covid alter trend: SBI
India has done quite well during the pandemic in terms of navigating income shocks, says an SBI Research report.
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102% surge in ₹500 fake currency notes in FY22
Fake notes of ₹2,000 denomination surged 54.6% year-on-year in FY22.
Note ban assumptions of black money with cash were wrong: Subhash Garg
Garg says that while demonetisation achieved some objectives like curbing fake money and terror funding, the government made certain wrong assumptions while doing the exercise.
Budget 2022: Currency in circulation up 2x since DeMo
Cash has grown in prominence despite a very swift rise in digital payments in India over the last few years.
Indians refuse to let go of cash
Cash in circulation, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21.
Real estate supply plummets 44% post-DeMo
Cash deals decline 75-80%; average home loan ticket size rises as interest rates dip.
Paytm: proof of the coming-of-age of India's startup ecosystem
Paytm has become synonymous with cashless payments in India. Its QR code stickers are omnipresent—from high-end stores to roadside ramshackle stalls. This shows how it has indented Indian commerce.
How to keep your wealth safe during a pandemic
The Covid-19 pandemic is a black swan event and requires investments to be assessed and amended in order to safeguard them during such turbulent times.
Astral in wait-and-watch mode
Astral Poly Technik, a FORTUNE INDIA 500 lister since 2016, and one of FORTUNE INDIA’s TOP 100 Wealth Creators in 2019, sees consolidation picking up in the pipe industry due to the Covid-19 pandemic.
‘Digital is the new reality for life insurance’
The MD & CEO of Bajaj Allianz Life Insurance Company says the industry saw new business fall 32% in March as a result of Covid-19.
