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We examined borrowers’ missed payment prices as a measure of the authority they afford their managers. Creating a payment on time signals that the borrower views the manager as a person whose authority is legitimate and whose directives should really be followed. In contrast, missing a payment signals that the borrower feels he or she can approach his or her responsibilities to the manager much more laxly. When borrowers miss payments, it suggests the manager lacks the ability to secure compliance and therefore lacks authority.
New variants of the virus maintain spreading and imposing a cost on the economy in terms of man-days lost and overall health expenditure raised. As for the war, it has led to a international shortage and rise in commodity costs, which is upping the Indian inflationary levels and necessitating restrictive monetary policies. So, these challenges will have to be overcome first just before the country can embark upon the two major ones. Current figures indicate that the best 10 per cent earn 57 per cent of the national income whereas a fantastic half of all Indians, the bottom 50 per cent, earn only 13 per cent of the national income. One important financial challenge that India faces is how to get the greater of China.
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