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RBI press conference: The Reserve Bank of India (RBI) may cut policy rates due to Coronavirus epidemic

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Reserve Bank of India (RBI) policy rates may be lowered to counter the fear of economic slowdown due to coronavirus pandemic. It is possible that such a statement will be announced in the meeting that is held today. Earlier, the Reserve Bank had lowered the repo rate 5 times to boost GDP growth and consumption. However, in the February monetary review, the central bank did not change interest rates. Currently, the RBI repo rate is 5.15%. If the repo rate is reduced, the EMI of the home loan, auto loan and personal loan can be reduced. This not only encourages consumption but also makes the industry cheaper for debt.

In fact, in countries such as the US, New Zealand, England and Australia, the Central Bank of India is also likely to decide to cut RBI policy rates.

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The US Central Bank and the Federal Reserve cut interest rates to zero per cent on Sunday to make an impact on the coronavirus economy and maintain investor confidence. In the US, the policy interest rate is 0-0.25 per cent. Even in the first week of March, the Federal Reserve announced a 0.50 per cent reduction in the interest rate. This is the second emergency cut in policy interest rates by the Federal Reserve within two weeks. After this second cut, the policy interest rate in the US fell to the level of the 2008 financial crisis.

The Federal Reserve said the policy interest rate would remain the same until confidence in the economy declined due to the coronavirus. The Federal Reserve also announced a wide range of purchases. To provide financial assistance to banks and institutions, the Federal Reserve has also opened the option of providing short-term lending to eligible banks. The Federal Reserve has also eliminated the cash reserved for banks so that they can use this cash.

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Central Bank of New Zealand slashed interest rates by 0.75 per cent on Monday to address the risk of economic slowdown due to the spread of the coronavirus. This rate has now fallen to an all-time low of 0.25%. However, economists hope this step will not prevent the recession. New Zealand’s central bank announces the lowering of policy rate by 0.75% before the market opens on Monday. The action, which was taken in an emergency, would last for at least 12 months.

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Business

Digital Marketer Aayush Rana all set to launch FirstBox

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Aayush Rana

Success not a day’s task but, eventually, the day comes when you keep following the right path. Aayush Rana is an example of how one can achieve the heights of success if one gives 100% to an idea and sticks to it until the seeds become the fruit-bearing tree. Aayush Rana had great affection for programming since his early childhood, and he is making his own websites since grade 11.

Aayush has founded many techs and news entertainment sites like FoxExclusive and Today in Bermuda, just to name a few. He also owns over 20 million audiences on various social media sites, which he occasionally used to promote other brands. Aayush Rana achieved a lot in so little time. But, the journey doesn’t end here.

The Creation Of KR Media and Launch of FirstBox by Aayush Rana :

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Aayush Rana is the owner of KR Media and also has launched various entertainment and tech news websites like FoxExclusive and Today in Bermuda, just to name a few. With the launch of KR Media, Aayush Rana began running social media campaigns for various brands that led to the increase in the influence of Aayush Rana in the field of marketing. This success is not a day’s journey, of course, and in the end, he ended up created digital strategies for a few of the top brands in the Indian market.

Aayush also used to be involved in the digital promotion of various Bollywood and regional artists.

The versatility of Aayush Rana has provided him with great fame, and now, he is one of the youngest marketers in our country. His plans of launching the online B2B e-commerce store, FirstBox, seem to be gathering quite a buzz from the whole market. With Narendra Dagar, Aayush Rana aims at conquering the B2B space and increase his influence among the small scale buyers with a low purchasing power. He plans to roll out FirstBox by the fourth quarter of 2021. He plans to keep no markup fees on the platform and will help buyers from small towns to easily purchase goods. The only charge they levy is the membership fees, that’s it.!

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We wish him the best of luck and hope he succeeds in his venture.

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Neha kakkar gifts 1 lakh to the Indian idol contestant.

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Who isn’t aware of Neha Kakkar? From her struggles in small reality to shows to rising to be one of the most celebrated singers in Bollywood, she has indeed come a long way. Known for her soft nature and almost mocked at via memes, she isn’t a stranger to feeling vulnerable for the right cause. She started her humble career as a Jagran singer and slowly through her perseverance and dedication climbed on to the ultimate stairs of success.

We are all aware of Neha Kakkar’s success. She had a tumultuous past but even then she came across all of it to be celebrated as a path breaker. But apart from her illustrious music career, she has also been praised by netizens for her new endeavour. In the recent Indian Idol season 12, where Kakkar has been one of the main panellists, she bestowed an unparalleled act of kindness that took millions of people by storm. Kakkar for quite some time has been into being the judge of this popular reality show and in a promo that was shot for the show showed Neha getting overly emotional after listening to the contestant Shahzad Ali’s story who is a resident of the pink city of Jaipur.

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His story of struggle moved this young singer and she could no longer contain herself from extending some sort of help to him. In a show of solidarity, Neha decided to lend him 1 lakh as fellow judge Vishal Dadlani chimed in and wanted to extend his helping hand as well.

Shahzad, who for his auditions, sang Nusrat Fateh Ali Khan’s classic Kinna Sohna Tenu hails from Jaipur and is an employee at a small cloth shop there. In the clip, he can be heard claiming that he was brought up by his grandmother, who in turn had taken a loan of Rs 5,000 so that Shahzad could go for auditions to Mumbai. After the generous offerings made by Kakkar, Dadlani ensured that he would soon find a teacher for him to help him work better on his vocals.

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Stress helps one give away and receive emotional support.

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Believe it or not, human minds have a weird way of action. We never know what it’s planning and how it responds. There’s a possibility that we may never know it in its full functionality. Rightly so, who doesn’t love peace and ambience? And the very thought of stress, indeed stresses us out. But there’s always light at the end of the tunnel and the thereby research has it that stress can be the new social motivation that you need.

Under all the negative aspects of stress lies a special benefit that could take you by awe. The research that was recently published in the journal Stress & Health stressed on the fact that experiencing stress in workplaces or everyday lives made people both more susceptible to both asking for as well as lending out social support. This sparks an unbreakable bond of gratitude and support among various individuals which helps people strive out of the toxic environment. Also, the extended support helped people to finally come out of the feeling of extreme stress and strain.

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Stressors that promote the feeling of desperation and helplessness can be varied. From arguments with someone we love and care or at workplaces to stressful events at work or school to major disapprovals at home, there are many factors. But whatever be the cause of the stress, the aftermath is almost similar. The researchers agree on the fact that on average, participants of the research were more than twice as likely to either give away or receive some sort of emotional support during times that they experienced a stressor. This has been invariably linked to most of human behaviour.

In the study, it was asserted that women, in general, were more inclined towards engaging in more giving and receiving emotional support than their counterparts. Men were supposedly less supportive in terms of their counterparts. Though affirmative, the researchers were surprised that stress was linked to people not just wanting to get emotional support, but giving it as well. Hence though stress is often not the most positive feeling yet it still has the power to drive people towards attaining somewhat emotional closures and support and at the end, this is what that matters.

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