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The Reserve Bank of India (RBI) is using “vast computing power” and alternative data sources for analysis and economic insights, said Governor Shaktikanta Das on Friday.
“We are conscious that we are moving from an era of data scarcity to data abundance. The volume of digital data stored as well as the storage capacity are growing at an exponential pace, bringing forth new challenges along with new opportunities,” he said in Mumbai at the 18th Statistics Day Conference organised by the Department of Statistics and Information Management.
Given the uncertain economic environment and inflation hovering around five per cent, it is premature to consider discussing an interest rate cut, Reserve Bank of India Governor Shaktikanta Das said on Thursday.
Amazon is in the news again for exploitative work conditions. The company’s warehouse and delivery workers in India have alleged inhuman corporate practices employed at its facilities, including not being allowed enough time to take restroom breaks and a lack of financial assistance for work-related injuries.
Amazon is in the news again for exploitative work conditions. The company’s warehouse and delivery workers in India have alleged inhuman corporate practices employed at its facilities, including not being allowed enough time to take restroom breaks and a lack of financial assistance for work-related injuries.
As many as 1,838 participants alleged dire working conditions at Amazon’s facilities in India, in a survey conducted by UNI Global Union in partnership with the Amazon India Workers Association (AIWA). The survey was published on Wednesday, prompting the e-commerce firm to deny its claims.
The funding support from asset management companies to non-banking finance companies (NBFCs) has grown in the six months until May 2024 after the Reserve Bank of India (RBI) hiked the risk weights on bank loans to NBFCs in November 2023.
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According to CareEdge Ratings data, the total debt funds deployed in NBFCs via commercial paper and corporate debt rose from Rs 1.6 trillion at the end of October 2023 to about Rs 2.1 trillion at the end of May 2024.