After UPI, PhonePe dominates Bharat BillPay with a 49% volume share in August
A first, the National Payments Corporation of India released company-wise data for the month of August 2021 on the Bharat Bill Payment System (BBPS) – the platform that offers interoperable bill payment services for customer
The data shows that after maintaining its lead in monthly...
Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation
Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over...
Oil Rises After Steep Losses, But Recession Fears Limit Gains
Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past...
GOVT HIKES DA BY 4% UNDER 7TH PAY COMMISSION; DETAILS HERE
The Union Cabinet has hiked Dearness Allowance (DA) of central government employees and pensioners by 4 percent under the 7th Pay Commission,
The hike takes DA to 38 percent from current 34 percent of basic pay/pension. The Finance Ministry said that the central government employees...
Oil Surges As Speculation Over OPEC Cut Outweighs China concerns
Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start...
Dow Futures Dip After Positive Week
U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers. By 6:36pm ET (11:36pm GMT) Dow Jones Futures were down...
Saga Rises After Confirming Talks to Sell Insurance Business
Shares in Saga (LON:SAGA) rose on Monday after the company confirmed on a weekend report saying it's in talks to sell its insurance business Acromas. The Sunday Times had reported that the group wants to use the proceeds from the sale to pay down...
Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll
Taiwan's central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy....
Offline retail, malls have gone through a painful pandemic year. Will 2021 be any better?
here are many excellent economics blogs out there. Whether you want to read commentaries on economic policy, find out what people are currently researching, or simply keep up-to-date with the latest economic happenings across the world, there are blogs for all tastes. Economics bloggers vary...