Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

The Moneyview Savings Index 2024, which was conducted during the financial year ended March 2024, showed that 72% of the respondents earning over Rs 50,000 monthly salary have higher savings compared to just 51% of those earning less than that. It stated lower-income groups often opt for safer options like savings accounts even though interest … Read more

India among top countries with high income, wealth inequality: new UNDP report

India among top countries with high income, wealth inequality: new UNDP report

New Delhi: India has emerged among top countries with high income and wealth inequality but the share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21, the UNDP said in a new report. The 2024 Asia-Pacific Human Development Report, launched on Monday, paints a qualified picture … Read more