Category:

Eco/Invest/Demography

RBI keeps key rates steady, Sensex hits 45,000 for the first-time

GDP estimated to contract by 7.5% for FY21
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based.
RTGS system to be made 24X7 in next few days, said RBI..
From January onwards, the limit for contactless card transaction will be upped from Rs 2,000 to Rs 5,000 per transaction.

A proposal was made to issue RBI digital payment security control directions for regulated entities.A detailed regime for enhanced disclosure of customer complaints, monetary compensation for any kind of delay in redressal was also announced.

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They don’t need me now’: COVID impact forcing Britons to food banks

“If you look at what’s happened over the last seven months, the queues have got significantly longer, the nature of the guests who are queuing up … it’s changed to families as well as those who were living on the streets,” said Alexander Shahid Khan, a banker who volunteers at a food bank in London.

“So you can definitely see that the effects of COVID has meant there’s a lot of people suffering from income and food poverty at the moment.”

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Pandemic,Cyber-attack and Data Fraud remain top risk concerns for India Inc:Marsh/RIMs Study

“Cyber attacks, fraud, weather-related risks and, even, pandemics, have long been identified and prioritized by risk professionals.However, risk professionals’ work must go beyond identifying the impacts of these uncertainties. It is incumbent upon us to highlight opportunities and solutions that support shifts in strategy, strengthen organizational resilience and empower business leaders to make strategic-decisions with confidence. We are proud to present these findings with Marsh and provide the global risk management community with the insight to help elevate their programs.”said Laura Langone,President, RIMS 2020

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