Indian Economy: News and Discussion

SKC

Senior Member
Joined
Aug 16, 2014
Messages
2,608
Likes
8,204
Country flag
Japanese Banks for you:
Apparently in many cases the interest rate is Negative in Japan.

People end up paying money to banks to keep their own money!

Many sectors have upto flat 50% tax rates with no buckets to claim relaxations.

Many Banks are still using online portal made in 1995. Apps are just web URL which points to browser for their browser based application.

Did not expect this extreme condition with such basic thing in Japan.

Also people hate cards and online money transfer apps there and will simply refuse to offer you product unless you come up with hard cash to buy it.
 

Crazywithmath

Regular Member
Joined
Mar 3, 2021
Messages
242
Likes
1,140
Country flag
Apparently in many cases the interest rate is Negative in Japan.

People end up paying money to banks to keep their own money!

Many sectors have upto flat 50% tax rates with no buckets to claim relaxations.

Many Banks are still using online portal made in 1995. Apps are just web URL which points to browser for their browser based application.

Did not expect this extreme condition with such basic thing in Japan.

Also people hate cards and online money transfer apps there and will simply refuse to offer you product unless you come up with hard cash to buy it.
No no Japanese banks do not have negative interest rates; it's the Bank of Japan ( the RBI equivalent of Japan) that has the negative bank rate. Don't get confused.
 

SKC

Senior Member
Joined
Aug 16, 2014
Messages
2,608
Likes
8,204
Country flag
No no Japanese banks do not have negative interest rates; it's the Bank of Japan ( the RBI equivalent of Japan) that has the negative bank rate. Don't get confused.
I was saying figuratively not literally.
Many banks close their ATM after 8 pm in Japan. You need to use another bank ATM where there will again be 250-300 yen charge for taking out money.
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
20,093
Likes
75,863
Country flag
Components of Gross Domestic Product updated with 2020-21

GDP Growth in last column
GDP Real reduced by 21 Lakh crore :devil:
GDP Nominal reduced by only 6 Lakh Crore :cool3:

-In Crores

YearPrivate final consumption
expenditure
Private final consumption
expenditure
Government final consumption
expenditure
Government final consumption
expenditure
Gross fixed capital formationGross fixed capital formationChanges in stocksChanges in stocksValuablesValuablesExports of Goods and ServicesExports of Goods and ServicesImport of Goods and ServicesImport of Goods and ServicesDiscrepanciesDiscrepanciesGDP at market pricesGDP at market pricesGDP GrowthGDP Growth
Constant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant PricesCurrent PricesConstant Prices
2020-2175609851156823115867452467415422050853498751542761954111677842357822694386368517028658273792712-6117364991245343019745670-2115838-605343
2019-20832170112309019154174222850164730416585131315838519444116452719470028266393750567331716542650401430233099714569268203510135659521464056
2018-197884423112220721429055203762744862055512930262639318013191704226095292327337662943343220446816616923627209214003316188869578587341796915
2017-187330728100361531344843184011940830794815601206436237581212307241685260201232115213078274375138944345145877213144582170900428363891698373
2016-17690023691265331201598158665837875684338671122639138083151479167326248842329487722621593322059127784430621612308193153916699387001619795
2015-1663814198126408113280214361713492183395709223955726247718598620350623702822728647251154030449237880410249511369493137718748418191303915
2014-155912657724734010541511301762327809637503922747513126981879572094072512145286363626675953235962-244871868710527674124679597263041234437
2013-14555732964756509798251156509319492435156211297581446211488791617612468269285678126445553191811-330601143899801370112335225883531289509
2012-1351790915614484974263106240431457933324973201528214524259949273775228983624397072879079310842841635122574921301799440134766881207684
2011-1249104474910447968375968375299773329977332079832079832530332530332143931214393127155542715554-29620-29620873632987363294350941101857
2010-1145711754177954909010840373267432825369363675373334512373671670351856330171019322552242050182-59289-81288830123576344726501571268065
2009-104283319356263486389972956924083032161499254051218438179221119311155369912987801947316164713955903-7668476510786366407557675852255
2008-094079321312524675654258110822366021914401151471130195113738740751632623132876519855541614040108659-2559770934035514152212396615490
2007-08390544327315196793424831122167264175435231152224570389612549731422417101890716215411219109-73052-17079568810074898662489632644033
2006-073640367238727062083141705918630481428913237188179339870915099013435949048721474777104053574033-7327963913754254629476761622504
2005-06346913820840675966463765111636060118971518027712726776627424591115999712087121376281346653628-8651659146143632125434234445793
2004-05322843618592745482763315281405052978463142341977157784042112885116569051917642625945110960-6586754803803186332
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
10,758
Likes
32,520
Country flag

afako

Hindufying India
Senior Member
Joined
Aug 18, 2010
Messages
2,621
Likes
10,923
Country flag
Just to bring to attention that Pfizer is just 16% effective against preventing asymptomatic infection against Delta Variant. It is 90% effective against hospitalization and deaths. This is real world Israeli data. Masking, social distancing will remain the norm.

 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
4,445
Likes
13,382
Country flag
Just to bring to attention that Pfizer is just 16% effective against preventing asymptomatic infection against Delta Variant. It is 90% effective against hospitalization and deaths. This is real world Israeli data. Masking, social distancing will remain the norm.

What about other vaccine
 

Chandragupt Maurya

Senior Member
Joined
Jun 23, 2020
Messages
1,792
Likes
4,155
Country flag

Latest Replies

Global Defence

New threads

Articles

Top