ExplainSpeaking-Economy is a weekly newsletter by Udit Misra, delivered in your inbox every Monday morning. Click here to subscribe Dear Readers, Last week the US central bank — routinely called the Fed — announced that it will raise interest rates by 75 basis points (or 0.75 percentage points). The Fed is doing this to bring … Read more
Abhishek Singh: Only 38 per cent of women have bank accounts because traditionally, they have not been given the opportunity to assert themselves as heads of families or claim land rights. Under government schemes like Pradhan Mantri Awas Yojana, the subsidy for making toilets is released in the name of the woman member of the … Read more
When a 22-year-old Zepto employee Sohail Shaikh recently needed some money, a “Magcloan” ad on YouTube for instant micro loans came to his mind. On April 24, he ended up taking a loan of Rs 6,000 from two apps, “Magicloan” and “cashmarket”. “I was supposed to pay them back on April 30. I would get … Read more
Why Dr Misra: Dr Anoop Misra is the Chairman of Fortis-CDOC Center of Excellence for Diabetes, Metabolic Diseases, and Endocrinology in New Delhi. He has been an advisor to the Ministry of Health, the Indian Council of Medical Research (ICMR), and the Department of Biotechnology, offering his expertise on several issues related to diabetes and … Read more