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President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he wont bury the federal government in debt with his multitrillion-dollar tax breaks package.
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News and Media
Canara Bank has eliminated the average monthly balance requirement for all savings accounts, effective June 1, to attract deposits amid industry-wide challenges. The bank anticipates a revenue loss of a few hundred crores annually from waived penalties. However, it expects the move to encourage customers to invest in term and recurring deposits, providing an alternative to capital markets.
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News and Media
Stanley Fischer, a highly influential figure in macroeconomics, has passed away at 81. He shaped central banking in Israel and the US, mentored prominent economists like Bernanke and Draghi, and co-authored the widely used textbook "Macroeconomics." Fischer's impact on global macroeconomic policy is immeasurable, leaving behind a legacy of research, teaching, and policy decisions.
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News and Media
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