New Delhi, April 14 (IANS) A structural shift in India’s household finances has pushed physical assets, primarily real estate, to almost 70 per cent of household savings from the pre-pandemic average of 58 per cent during FY16-FY20, a report said on Tuesday.Meanwhile, household financial debt has jumped to 6.2 per cent of GDP in FY24, compared to the pre-pandemic average of approximately 4.1 per cent, reducing net financial savings from 7.7 per cent to 5.2 per cent of GDP, the report from mult…
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Bengaluru, Feb 7 (IANS) Karnataka Chief Minister Siddaramaiah has stated that the state government aims to increase chit fund transactions to Rs 10,000 crore in the coming years from the current Rs 500 crore of business. He was speaking on Saturday after releasing the new MSIL Chits software and mobile app, organised by Mysore Sales International Limited, owned by the state government.In Kerala, transactions in this sector amount to Rs 47,000 crore. In Karnataka, only Rs 500 crore of business is…
New Delhi, Jan 12 (IANS) Facing a severe economic crunch in the absence of political will, net losses of state-owned enterprises (SOEs) in Pakistan surged by 300 per cent, while taxpayer-funded fiscal support surged to Rs 2.1 trillion (local currency), according to a new report.The Tribune Express writes in an Editorial that the “headline numbers are troubling”.“Aggregate SOE revenues fell by Rs 1.4 trillion to Rs 12.4 trillion in FY25, while overall net losses widened sharply to Rs 122.9 …