Historically, cash usage picks up ahead of elections across governments. SBI has said that the spike in currency in circulation to near pre-demonetisation levels is possibly driven by political parties hoarding cash ahead of polls. The surge in currency is slowing down deposit growth and pushing up interest rates in money markets. MUMBAI: State Bank of India (SBI) has said that the spike in currency in circulation to near pre-demonetisation levels is possibly driven by political parties hoarding cash ahead of polls. Historically, cash usage picks up ahead of elections across governments. The surge in currency is slowing down deposit growth and pushing up interest rates in money markets. The issue of cash with the public going up due to elections was first officially acknowledged by former Reserve Bank of India governor Raghuram Rajan in April 2016. “Around election time, cash with the public does normally increase... You can guess as to reasons why, we can also guess,” Rajan had said. He said that the central bank had witnessed that currency demand goes up not just in the states going for elections, but in the adjoining areas as well. SBI chief economist Soumya Kanti Ghosh said, the currency in circulation has increased rapidly in the past two months. On a monthly basis, growth has been 0.45 lakh crore and 0.51 lakh crore in January and February respectively, compared to an average of 0.1 lakh crore and 0.2 lakh crore respectively in these two months in previous years. “Given that many state elections are scheduled for 2018, growth in currency in circulation is likely to remain robust. This, in turn, would put pressure on bank deposits to expand as it represents a leakage from the banking system,” said Ghosh.

Men with 11 and more years of experience earned 25 per cent higher median wages than women, the report said However, there is a marginally inverted pay gap in the experience group of 3-5 years, where women are earning more, it added. Women in India earn 20 per cent less than men, indicating that gender plays an important parameter while determining salaries in India, says a report. According to the latest 'Monster Salary Index' (MSI), men earned a median gross hourly salary of Rs 231, compared to women, who earned only Rs 184.8. "The overall gender pay gap of 20 per cent is still a daunting number," said Abhijeet Mukherjee, CEO, Monster.com - APAC & Gulf. Though on a year-on-year basis, the gender pay gap has narrowed by about five percentage points from 24.8 per cent in 2016, the report said gender pay gap widens as one gains in work experience. As per the report, men with 0-2 years of experience, earned 7.8 per cent higher median wages than women, and those with 6-10 years of experience earned 15.3 per cent more. Men with 11 and more years of experience earned 25 per cent higher median wages than women, it added. However, there is a marginally inverted pay gap in the experience group of 3-5 years, where women are earning more. Monster Salary Index (MSI) is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.

DFW COMMUNITY EXPLORING THE SCIENCE OF CHARACTER, MEANING AND PURPOSE ON THE FOURTH ANNUAL CHARACTER DAY ~ WEDNESDAY, SEPTEMBER 13, 2017 Several Local Voices Join Thousands Across the Globe to Discuss the Importance of Developing Character Strengths from Different Perspectives DALLAS, TX (September 4, 2017) – In support of the fourth annual Character Day, a global movement on Wednesday, September 13, 2017 spearheaded by Webby Awards Founder Tiffany Shlain, several impassioned DFW small business owners and business professionals will host a public screening & discussion of the brand-new short film “30,000 Days” from Emmy-nominated Film Studio Let It Ripple.