Day: May 24, 2020


5 min read

Opinions expressed by Entrepreneur contributors are their own.


On May 4, a day filled with nerdy Star Wars jokes, Google‘s public search liaison  made an important announcement via : “Later today, we are releasing a broad core algorithm update, as we do several times per year. It is called the May 2020 Core Update. Our guidance about such updates remains as we’ve covered before. Please see this blog post here.

Predictably, online business owners everywhere began fretting about our page rankings and worrying about how our website


In a new set of measures to reduce the impact of on the economy, the (RBI) on Friday decided to cut the repo rate by 40 basis points from 4.4 per cent to 4 per cent. The reverse repo rate was also reduced by 40 basis points to 3.35 per cent. What will be the impact of these rate cuts on (FDs), one of the most popular investment avenues?

Many people prefer bank over equities as the former are considered safe. However, the recent spate of rate cuts could mean another bad news for savers.


How RBI rate cut will impact investors


— Interest income from is likely to fall further


— The rate cut comes as a pain also for senior citizens dependent on interest income from their FD investments


Senior Congress leader on Saturday asked RBI Governor to “bluntly” tell the government to do its duty and take fiscal measures if he feels that the demand has collapsed and the GDP growth is heading towards negative territory.


He also asked if the prime minister or the finance minister will laud themselves for the after the RBI chief’s statement.



“Governor says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity? He should bluntly tell the government ‘Do your duty, take fiscal measures’,” the former finance minister said in a tweet.


“Even after RBI’s statement, is the PM or Nirmala Sitharaman lauding themselves for a package that has of less than 1 pc of GDP,” he asked.


Chidambaram had earlier


jumped by 1-3 per cent during the past one week on renewed hope of recovery in demand, with the huge economic stimulus seen supporting the recommencement of global infrastructure activity. The likely rebound will have its roots in the gradual opening of economies worldwide after almost three months of lockdown.


While on the benchmark London Metal Exchange (LME) rose 2.8 per cent to trade at $1,473 a tonne on Friday, copper was up 1.5 per cent to $5,242.5 a tonne. shot up by 9.6 per cent in a week to $34.5 a barrel, iron ore and natural gas posted weekly gains of 5.7 per cent and 5.2 per cent, to $91.4 a tonne and $1.7 per mmbtu, respectively.



With global economies providing huge stimulus to bring business back on track, the average consumer is expected