TMS Ep130: Smartphone production, EPF rate, markets, submarine cable
Will lockdown in China impact India's phone production? What should you do after EPF interest rate cut? How will the market react to US Fed meeting? What are submarine cables? All answers here
Team TMS New Delhi
From the dwindling chip supply, let us shift our focus to dwindling returns of Employees’ Provident Fund Organization. The world’s largest social security organization recently slashed the interest rate on EPF from 8.5% to 8.1% for 2021-22. This is the lowest rate in more than four decades. But hold on. It still holds the edge.
Meanwhile, investors in India are worried about a possible interest rate hike by the US central bank today, which is under pressure to cap inflation. Most experts believe that a 25 basis point hike is already penciled in. So, will the markets look for cues elsewhere and chart out their course?
Let us now move on from the market’s uncertain territory, take a pause and imagine a world without the Internet. The very thought of it may make you anxious. But the entire population of remote Pacific island nation, Tonga, went offline for over a month beginning this year. A tsunami had snapped the submarine cables, cutting the nation from the rest of the world. So what exactly are these undersea fiber cables and why they have become the backbone of connectivity? All answers in this episode of the podcast.
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First Published: Mar 17 2022 | 8:00 AM IST