March 21, 2025 - 10:10
Abdul Sattar stands amidst a cacophony of electric-powered looms, their relentless hum echoing through the dimly lit workshop. At 70 years old, with a flowing white beard and wispy hair, he embodies decades of tradition and hard work, yet his life has been spent in the shadows of these noisy machines. For much of his life, Sattar has endured 12-hour shifts in poorly ventilated conditions, a reality shared by many in the weaving industry.
When he first arrived in Bhiwandi as a 15-year-old, the weaving sector was flourishing, offering abundant job opportunities to unskilled workers from distant villages across northern India. However, the landscape has drastically changed. Decades-old weaving businesses now grapple with challenges that threaten their survival, including competition from cheaper alternatives and changing consumer preferences. The once-thriving workshops are now struggling to maintain their place in a rapidly evolving market, leaving artisans like Sattar to wonder about the future of their craft and the livelihoods it once sustained.
June 25, 2025 - 00:18
Yale's Financial Stability Program Unveils Crisis Management PlaybookThis year marks a significant milestone for the Yale Program on Financial Stability as it wraps up the New Bagehot Project. This ambitious initiative, spanning a decade, has meticulously chronicled...
June 24, 2025 - 04:52
Japan's Foreign Exchange Diplomat Reappointed for Another YearTOKYO - Japan`s leading foreign exchange diplomat, Atsushi Mimura, has been reappointed for a second consecutive year, according to the finance ministry. This decision underscores his significance...
June 23, 2025 - 19:11
Rethinking Finance: A Call for Inclusivity and SustainabilityIn affluent societies, the relationship with money has shifted dramatically, transforming it into a master rather than a servant. This paradigm has far-reaching implications, not only for...
June 23, 2025 - 05:12
NJBIZ Finance Power List: Celebrating the Most Influential Leaders in FinanceThe NJBIZ Finance Power List has unveiled its selection of the most influential leaders in the finance sector for 2025. This prestigious list highlights the professionals who play a critical role...