👀 The Week At A Glance
This week was full of updates about the Indian economy, a look into why companies are protesting the plastic ban and why many others are breaking up.
We started this week by taking a look at the RBI’s strategy to handle the falling rupee and control inflation and ended it with an update on Yes Bank. Catch up with all this and more in just 4 minutes.
💸 RBI, Inflation, and the Falling Rupee
A new paper published on the RBI bulletin claims that the current inflation could have been prevented. But most major economies failed to do this in a bid to promote growth. Here are the consequences of doing this and what RBI is doing to control the situation.
📉 Bear Market Coming to India?
Thanks to economies prioritising growth over inflation and the current global scenario, markets across the world are entering the bear market. Here’s our explanation on what that means and if India will be impacted.
🍹Why Do Companies Want to Delay the Plastic Ban?
The government is taking a major step towards ridding India of a major pollutant: Plastic. We are banning single-use plastic items including plastic straws. But beverage companies that sell tetra packs are not happy with this decision. Here’s why.
🤔 Why is Kellogg’s Breaking Up?
Major cereal giant Kellogg’s has decided to split into three. And it is not the first conglomerate to take this decision. ReadOn to find out why Kellogg’s took this decision and why other companies have also done so in the past.
😱 Indian Fintechs in Trouble?
Indian fintechs have been having a great time in the last few years. The sector has been booming and minting unicorn after unicorn. However, the RBI has finally decided to end this party. Here’s how.
🚀 Can Yes Bank Rise To Its Former Glory?
Yes Bank suffered a major setback in 2020 due to excessive non-performing assets. The bank had to be rescued by the RBI and SBi and lost the trust of many customers with share price going down from around Rs. 400 to Rs. 12. However, the bank seems to be recovering now, with shares rising again. Here’s what is behind this recovery.
🗞️ Here’s What Else Made the News And Moved the Markets
👉 RBI introduced its ‘Payments Vision 2025’ this week, which focused on further popularising digital payments. The theme of the policy is “E-Payments for Everyone, Everywhere, Every Time”. To ensure this, RBI will make NEFT payments immediate, regulate fintech and Big Tech firms and review all digital payment charges. Do you think this policy will make a difference
👉 This week we celebrated Yoga Day, a festival we introduced to promote yoga and boost wellness tourism. So far, we have spent Rs. 137 crores on this festival, of which 50% has gone towards advertising and publicity. Result? This has helped yoga tourism almost double and the wellness tourism market is set to be worth $919 billion by this year.
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