Times of India - MV Ganga Vilas Luxury cruise which was flagged off by Prime Minister Narendra Modi on Friday, is already fully booked till March 2024. Ganga Vilas Luxury cruise, dubbed the world's longest river voyage, will take passengers on a 51-day trip from Varanasi to Dibrugarh. Read more
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17 hours ago RBI DECISIONS The Reserve Bank of India’s (RBI) recent monetary policy actions, including a 50 basis point (bps) repo rate cut to 5.5% on June 6, 2025, and a 100 bps Cash Reserve Ratio (CRR) reduction to 3% implemented in four 25-bps tranches starting September 2025. These measures aim to boost economic growth by increasing liquidity and lowering borrowing costs, but they also signal a potential decline in interest rates, affecting returns on fixed-income investments. The RBI’s repo rate cut to 5.5%...
1 day ago What is NAIRU? NAIRU, or the Non-Accelerating Inflation Rate of Unemployment, is an economic concept that represents the specific unemployment rate at which inflation remains stable, neither accelerating nor decelerating. It is a theoretical benchmark where the labor market is in equilibrium, meaning there is neither upward pressure on wages (which fuels inflation) nor downward pressure (which could lead to deflation). NAIRU is closely tied to the idea of the "natural rate of unemployment," but it...
3 days ago WHAT IS GENDER GAP INDEX? The Gender Gap Index, developed by the World Economic Forum (WEF), is a framework that measures gender parity across countries, highlighting disparities between men and women in key areas of development. Introduced in 2006, it provides a standardized way to assess progress toward gender equality and identify areas needing policy intervention. The index ranges from 0 to 1, where 0 represents complete inequality (a total gender gap) and 1 indicates full parity (no gender gap). A score of...
3 days ago HOW MUCH IS THE DEBT? India’s household debt has become a growing concern, with recent data showing a significant rise in borrowing. By June 2024, household debt reached 42.9% of GDP, as reported by the Reserve Bank of India (RBI) in its Financial Stability Report (December 2024), a sharp increase from 37.6% in March 2023 and well above the pre-pandemic average of 33% (2015-2019). The government’s push for financial inclusion has increased credit access, but without addressing income inequality or...
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