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Unprecedented Situation For Government In 70 Years: Rajiv Kumar

Friday, August 23, 2019, 10:58 AM

Describing the current economic downturn as an "unprecedented situation", NITI Aayog Vice Chairman Rajiv Kumar said, "From last 70 years (we) have not faced this sort of liquidity situation where the entire financial sector is in churn," news agency ANI reported. He also said the government "must do whatever it can to take away some of the apprehensions of the private sector".
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Number of debit cards fell 11% year-on-year in June

Friday, August 23, 2019, 9:57 AM

The number of debit cards in circulation dropped over 11% between June 2018 and June 2019 to 837 million, as per data released by the Reserve Bank of India (RBI) and shared by payment service provider Worldline in a recent report. The drop in cards outstanding was a result of mass closure of zero-balance accounts, Worldline said.
 
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Australia Sees Rush Of Hong Kong Millionaires Amid Unrest

Friday, August 23, 2019, 8:40 AM

Australia is seeing an increase in interest in its millionaires-only visa programme from wealthy Hong-Kong residents, who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters. The New South-Wales state migration department "has noticed a significant increase in applications" from Hong-Kong in recent months, it said in a letter to agents this week, and seen by Reuters.

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