👀 The Week At A Glance
This week we talked about a possible stagflation, scams at mutual fund houses and much more.
We began this week with a discussion about India's declining crude output and ended it with talking about how you can make the most out of your crypto. Catch up with all this and more in just 4 minutes.
🛢️India's Declining Crude Output
India's crude output has reached a 28-year low. And that's not good news for a country that already imports 85% of its crude oil. But why is our crude output declining each year while other countries are increasing theirs? ReadOn to find out!
🧐Why are Mutual Fund Scams Becoming Common?
Front running scams at mutual fund houses have been making a lot of headlines lately. But what exactly are front running scams and why are they trending right now? Here's why.
🐟Fishing Subsidies Coming to An End?
Overfishing has become a major environmental concern. So, the WTO is trying to end fishing subsidies, which could cause major issues for developing countries like India. But why are subsidies a problem? Here's our explanation.
🤖Can AI Bots Help Companies Save $75bn?
Companies across the world lose $75bn each year due to poor customer service. One of the major reasons behind this poor customer service is that customers have to stay on hold for a long time before an executive connects with them. But AI bots could solve this problem once and for all. Here's how.
📉India At Risk of Stagflation?
A new jargon has entered the market now: Stagflation. And this near-impossible economic scenario has authorities like the RBI and the World Bank very worried. But what exactly is stagflation and why is it such a big deal? ReadOn to find out!
💡Can Crypto Help You Earn Passive Income?
Cryptocurrencies have been all the rage in the past two years. But the major problem with these assets is that they are very volatile, seeing wild highs and lows. And if the only way to cash in on them is through selling, then that sets up people at a major risk for loss. But what if you could park your crypto and earn money from it? Here's how you can do so.
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🗞 Here's What Else Made the News and Moved the Markets
👉🏻 UPI has been a game-changer for India's payments systems, enabling payments worth $9.83tn. And now this figure will go even higher because the RBI is set to link UPI to credit cards. This means you can use your UPI apps to pay through your credit cards as well. This could be beneficial to a lot of people as it will make it easy to avail short-term credit. But as UPI has zero Merchant Discount Rates (the amount merchants pay credit card providers for using their services), it could be a major problem for banks and providers.
👉🏻 The RBI has once again raised interest rates by 0.50% to 4.90%. This comes as the rising inflation due to the Russia-Ukraine war has now created stagflation concerns. Despite the hike, India estimates a GDP growth of 7.2%. Will we be able to achieve this goal?
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