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Tag: Indians

Bitcoin investments new attraction for Indians, say experts

Bitcoin investments new attraction for Indians, say experts

Finance
NEW DELHI: Experts involved or associated with the Bitcoin industry, maintain that it has emerged as a new attraction for Indians who are keen to augment their wealth, notwithstanding calls issued by the Supreme Court to the Reserve Bank of India (RBI) to put in place effective regulatory mechanisms to prevent money laundering in any form. Commenting on the thriving bitcoin scene in India, Zebpay co-founder Sandeep Goenka said, "Investing in bitcoin has emerged as a significant trend in the past few months. We have enabled Indians to buy an international asset in a large scale and help them contribute to increase in wealth." According to Goenka and others involved in this industry, the key benefits that most Indians see are as follows: • According to leading crypto-currency exchanges
Here is why Indians are retiring poor with more debt and no pension

Here is why Indians are retiring poor with more debt and no pension

Finance
NEW DELHI: Indian families borrow and invest in very different ways than families in the US, UK or Germany, and even those in China. The depth of these differences, across all ages and economic levels, is revealed in a recent report on household finances prepared by the RBI. It shows that a major proportion of household wealth in Indian families is kept as real estate or gold, even among younger families, and even by the poorest 40 per cent of population. This is not the case in other countries. Institutional borrowings by Indian families are low in early life and go on increasing leaving many retired persons with a debt overhang, unlike advanced countries where mortgages reduce after retirement. And, pensions are virtually absent in India while in most Western countries they are a...
Cleveland Indians, New York Yankees, three others interested in RHP Sonny Gray

Cleveland Indians, New York Yankees, three others interested in RHP Sonny Gray

Sports
July 15 (UPI) -- Oakland Athletics pitcher Sonny Gray has been linked to the Chicago Cubs, New York Yankees, Cleveland Indians and two more teams in trade talks.Last week, Athletics general manager Billy Beane told Peter Gammons that not one team called to open negotiations for the right-hander.On Friday, sources told MLB Network that the Cubs continue to show interest in Gray, despite acquiring Jose Quintana from the Chicago White Sox last week.Sources told FanRag Sports that the Yankees are one of "many" teams to check in on Gray, but are "reluctant" to give up their best prospects.Sources told ESPN Saturday that the Indians were among those interested teams "evaluating" Gray. The Boston Globe reported that the Athletics are closely following the Houston Astros' farm system and there is ...