The Headlines

According to a recent research by Michael Page, India is on the verge of seeing a massive resignation wave in the next six months. According to the survey, 86 percent of Indians will resign from their jobs in a variety of sectors, levels of seniority, work profiles, and regions. Surprisingly, nearly 61 percent of the workforce is willing to forego a raise in exchange for a lower compensation in order to achieve a better work-life balance. However, according to the survey, 48% of the workforce is interested in changing their career role and industry, and the same percentage is driven by career advancement and promotion. Salary is a source of dissatisfaction for 38% of respondents.

RBI Governor Shaktikanta Das The repo rate has been hiked by 50 basis points by the RBI. As of June 2022, the policy rate is 4.9 percent. However, in May 2022, the rate was raised by 40 basis points to 4.4 percent, up from 4.0 percent. The borrowers will be severely impacted by this hike in the repo rate. Loans will become more expensive, and borrowers would have to pay higher EMIs. The RBI is constantly attempting to keep inflation under control because it is their primary concern.