Over 800,000 people die due to suicide every year and there are many more who attempt suicide. Hence, many millions of people are affected or experience suicide bereavement every year. There is one death by suicide in the world every 40 seconds. Suicide is the 3rd leading cause of death in the world for those aged 15-44 years.
India is not only the third largest economy in the world, but of the top 10 largest economies globally, it has the third highest share of bad loans, too. India's non-performing loans represent 10 percent of total bank loans and about $210 billion of outstanding debt. Since 2008 when attention shifted globally to financial stability and the role of the banking sector, the share of non-performing loans in India has grown by 7.5 percent and is expected to worsen in the coming years, according to the Central Bank of India.To preempt a major national banking crisis, New Delhi is striving to clean up stressed debt with the help of resolution...
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Since India was under British rule, the rupee was pegged to the British pound. From 1927 to 1966, 13 rupees = 1 pound. The peg was maintained until 1966 when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This peg lasted until the U.S. dollar was devalued in 1971.