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Showing posts with the label employment rate

Paytm Payments Bank Crisis: A Regulatory Obstacle

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  Paytm Payments Bank Crisis: A Regulatory Obstacle T he Paytm Payments Bank has been caught in the middle of a regulatory maelstrom recently. Because this fintech company did not follow regulatory guidelines, the Reserve Bank of India (RBI) took severe action against it. Let us examine this crisis's specifics and ramifications. Background and Regulatory Actions Paytm Payments Bank Overview: One97 Communications Ltd.'s Paytm Payments Bank has become a major player in the Indian banking sector, thanks to its user-friendly digital wallet services and innovative banking capabilities. Its customer-centric approach has made it a popular choice among millions of people in India, establishing its reputation as a trustworthy and reliable banking partner. The RBI’s Crackdown: Given that multiple warnings were issued prior to the RBI's actions, they were not abrupt. Paytm Payments Bank did not comply with regulations even though it had enough time to address non-compliance issues. As...
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Why India's Employment rate getting lower?

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India’s Employment Rate The rate of employment had a gradual downfall, and it is not difficult to look at the conditions of the public, as there are many indications such as low living standard, and low per capita income and the available public data also verifies it. It shows clearly the decrease in employment in the government sector as the young generation is shifting towards the private sector, but, there also wages are very low to make a good living standard and thus there is a huge effect of a low employment rate on India. According to the  Periodic Labour  Force Survey (PLFS), there is a 4.1% decrease in the employment rate in India and this is going to decrease every year, if not maintained.   Why it is necessary to maintain employment? It is known that there will be more downfall in employment rate, but it shouldn’t be like this. It is essential to maintain the Employment rate for India’s economic growth and stability. According to the World Bank, every 1% increa...
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