PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore.  “Loans worth over Rs 6.45 lakh crore were sanctioned…

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Americans now spend twice as much on health care as they did in the 1980s

The average American household spent almost $5,000 per person on health care last year. That’s a 101% increase from the roughly $2,500 per person that Americans spent about 34 years ago in 1984, according to an analysis of the Bureau of Labor Statistics Consumer Expenditures Survey by data company Clever. To make accurate comparisons, Clever adjusted all dollar amounts for inflation. It’s perhaps not surprising that health care expenses have risen over the past three decades. But the main driver of the increase is not drug costs or medical services. In…

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Education, age and even height determine how much you will earn

WASHINGTON D.C. [USA]: For the first time, machine learning now enables researchers to rank the most important factors that predict future affluence – and the outcome might surprise you. Education and occupation were the best predictors -but surprisingly, a person’s ability to delay instant gratification was also among the most important determinants of higher income, beating age, race, ethnicity and height. Many factors are related to how much money a person will earn, including age, occupation, education, gender, ethnicity and even height. Behavioral variables are also implicated, such as one relating to the famous “marshmallow test.” This study…

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Too Much Protein Isn’t Good For Your Heart, Says New Study

A group of researchers wanted to look into the long-term effects of one of society’s most popular diets, so they watched the eating habits of over 2,400 Finnish men for more than 20 years. What they found was eating a high-protein diet isn’t entirely harmless as once thought. Foods rich in protein has been the center of controversy in recent years. Some think it’s a good idea to eat large amounts of protein — after all, it’s one of the building blocks of muscle development. Yet some studies say that too much…

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5 best investment options to build wealth without taking too much risk

Every person needs to make financial planning his top priority today and save for the future. A wise man once said, “Make your money work for you, instead of working for it.” The old adage has held true till date because it aptly highlights the importance of financial planning. Financial planning is more than just monthly or yearly budgeting. It takes into account not only a person’s current needs, but also his future requirements. Still financial planning is a low priority for a majority of people as they perceive it…

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Switch off the TV, too much screen time can cause heart disease and cancer

Spending too much time watching TV can be injurious to health. A new study done by the University of Glasgow and published in BMC Medicine reveals a link between higher risk of mortality and cardiovascular disease. The effect was more among those with low fitness, low muscle strength or physical activity levels. Previous studies linked increased screen time with bowel cancer for men as well as diabetes, obesity and a weak heart. Discretionary screen time, time spent watching TV or looking at a computer screen during leisure time, is an important contributor to…

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