Trusted News Discovery Since 2008
{{/content}}
High FD interest rates for senior citizens: Get up to 8.1% on 3-year fixed deposits; check banks list here
Credit: IndiaTimes- Published 3 weeks ago
Senior citizens can earn up to 8.1% interest on three-year FDs from various banks, but must consider tax implications and possible TDS deductions. It's essential to stay informed about market trends and investment details.
Video credit: Wibbitz Top Stories
Published 2 weeks ago - 01:31
IMF Warns of Broad Global Impact Due to Conflict in the Middle East
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
You are here
Related videos from verified sources
Why interest rates matter to bonds, stocks and cash 03:07
Credit: Yahoo UK - Published 4 days ago
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points 01:31
Credit: Wibbitz Top Stories - Published 3 weeks ago
US Housing Market Sees Sales of New Homes Plummet in Several States 01:31
Credit: Wibbitz Top Stories - Published on March 27, 2024
Related news from verified sources
Senior citizens are increasingly relying on fixed deposits, with their share doubling to 30% according to an SBI study. To enhance their financial independence,...
3 weeks ago • IndiaTimes