If China wants to grow at a rapid pace, its domestic companies need to be at the frontier and even raise the technology frontier further. It is spending a lot on technology like 5G but companies also need the freedom to research freely. Now that can be challenging as it may increase the power of companies which can pose threat to the authoritarian regime.
The story of decoupling is based on the fact that India is a domestic demand-led economy with exports accounting for just 20% of GDP
The lender ensures the value of the collateral is higher than the loan, so as to have a reasonable comfort in case of a default
Gold loans from various lenders charge different interest rates, making it essential to ensure that the gold loan you choose has the lowest rates
In Delhi, average earnings of an unskilled labour is Rs 646, semi-skilled labour earns Rs 712 while for skilled labour it is Rs 783 per day
. To buy an option contract, traders pay a premium which is used to make profits
UPI mode of payment preferred by 25% families
Thirty-eight percent of Karnataka have taken insurance as a means of savings
People take personal loans for car loan, home loan or other needs. Due to which a huge amount has to be paid in the form of interest for a long time.
While timely repayment of gold loan installments improves the credit score, defaulting in it also brings down the credit score