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Fed again hikes interest rates by 75 basis points in aggressive bid to fight inflation

by AIP Online Bureau | Sep 21, 2022 | Eco/Invest/Demography, International News, Policy

Officials expect the benchmark rate to rise to 4.4% by year end and 4.6% during 2023, according to the median estimate in updated quarterly projections published alongside the statement. That indicates a fourth-straight 75 basis-point hike could be on the table for...
Top billionaires lose $1.4 trillion in worst half ever

Top billionaires lose $1.4 trillion in worst half ever

by AIP Online Bureau | Jul 2, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Elon Musk, co-founder,Tesla Musk, Tesla’s co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon’s Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index Elon Musk’s fortune...

Govt approves 8.1% on EPF deposit for 2021-22

by AIP Online Bureau | Jun 3, 2022 | Indian News, Pension & Social Security, Policy

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021. New Delhi: The government has approved 8.1 per...
Swiss Re forecasts a “stagflation-like” environment with slower growth and higher inflation

Swiss Re forecasts a “stagflation-like” environment with slower growth and higher inflation

by AIP Online Bureau | Apr 28, 2022 | Articles, Eco/Invest/Demography, Non-Life, Policy, Reinsurance

Jerome Haegeli,Swiss Re Group chief economist Stagflation is fully back on the radar and we now need to be particularly disciplined. 2022 will be a challenging year for insurers with both sides of the balance sheet under pressure” Swiss Re Group chief economist...

Interest rates on small savings schemes unchanged for first quarter of FY23

by AIP Online Bureau | Mar 31, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter New Delhi: The government on Thursday kept interest rates on small savings schemes,...
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