Indian household savings moving away from banks and into capital markets

Financial savings by Indian households have shifted away from the conventional bank (including non-bank) deposits to capital markets, BofA Securities said in a report. The former accounted for 39 per cent of total financial savings in FY2001 and capital markets could garner only 4 per cent of the total pie. In FY2023, corresponding figures stand at 37 per cent and 7 per cent respectively, the report said.

Indian MBA graduate Vivek Saini killed by homeless man at Georgia fuel station

An Indian student, working part-time at a convenience store in Georgia’s Lithonia town was brutally beaten to death with a hammer by a homeless man he and other employees had been helping for the past couple of days, the local media said, quoting police officials. The incident in which Vivek Saini, 25, was killed occurred on January 18, local channel WSB-TV reported on Sunday.

Indian envoy Taranjit Singh Sandhu given fond farewell by Indian American community

The role of the Indian American community is critical in creating an indelible impression about India in the US, said Ambassador Taranjit Singh Sandhu at his farewell felicitation event held on January 20. Held over zoom with all six consul generals and community leaders from across the US, Sandhu gave credit to the Indian American community for creating an indelible impression about India in the US.

Choking funding to terrorism is a need of the hour

Terrorist attacks are highly responsive to funding availability, and financial counter-terrorism can therefore be effective in reducing terrorism casualties, according to research conducted by Nicola Limodio, Assistant Professor of Finance at Bocconi University Visiting Fellow at the Economics Department and the Julis-Rabinowitz Center for Public Policy and Finance at Princeton University.