RBI Monetary Policy Meeting June 2022 Outcome: All the six members of the Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted for the latest rate hike.
Real estate stocks were the biggest gainers from Wednesday’s RBI policy decisions relating to the sector, while banking & financial stocks witnessed some selling pressure as the central bank raised interest rates in the economy.
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The salaried class has gone through several challenges in the past two years and the amounts expended towards healthcare, child education, cost of living have increased.
To encourage more people to purchase health insurance and to ensure that they purchase the appropriate quantity of coverage, section 80D income tax exemptions should be raised.
Adjusting tax slabs with the increase in other deductions can help the salaried taxpayer, specifically the below Rs 50 lakhs p.a. bracket with more money in hand.
Neeraj Dhawan, Managing Director – Experian India spoke to Moneycontrol’s Hiral Thanawala on consumer behaviour in these pandemic times and the impact of a loan moratorium on retail borrowers’ credit scores.
The second wave of the COVID-19 pandemic has impacted the healthcare system in India severely. Many Indians are navigating a strained healthcare system, along with extended lockdowns leading to business closures and job losses impacting their livelihoods.
India's credit ecosystem remains resilient despite the pandemic and the consumer credit market is projected to grow at a higher rate than most major economies globally, according to a report by Experian and Invest India.
