The RBI started the financial literacy programme this year on 5th June. Financial literacy, according to RBI, is the first step towards financial prosperity. Financial literacy helps address demand side barriers as this makes customers informed and enables better financial decision making and ultima...
What are the fundamental factors in examining the health of an economy? The economists differ in pin-pointing the fundamental factors. The focus is usually on the level of inflation, fiscal deficit, trade surplus, growth, interest rates, etc. Some consider the amount of capital formation and g...
With India’s growth, its banking sector needs to grow at least 2.5 times the GDP growth in order to ensure that our growth momentum continues. Thus, if our economy is to grow at even 7% p.a., our banking sector needs to grow at minimum 17.5% p.a. However, whether the banking industry can liv...
The recent revision to the base year for the index of industrial production (IIP) reflects the recovery of the industrial sector of India. Earlier, the base year was 2004-05. The present base year has been revised to 2011-12. What is IIP? The IIP indicator measures the short-term changes in the volu...
Nirvikara Paper Mills Limited (NPML), formerly known as Balakrishna Paper Mills is part of the SiyaramPoddar Group which is into the diversified businesses of manufacturing textiles, garments yarn, home furnishings and paper. NPML is a pioneer in the field of Coated Duplex boards which are used for ...
“It’s not Trump, it is technology. Humans are being replaced by intelligent machines faster. New systems and software are creating havoc”- is how IT experts are looking at the changing scenario of India’s software industry.The question is: is the software industry becoming the victim of its ...
There have been frequent changes with respect to the cash transactions which are summarized below,effective 01-04-2017, and also certain recent direct tax changes.(1) Limit for payment of expenses by cash (both, capital and revenue expenditure) reduced from Rs.20,000 to Rs.10,000 per day per person....
Most studies on the Indian banking industry nowadays begin with the dismal consequences of the rising non-performing assets (NPAs) of the sector. The slowdown in the economy in the last few years has led to a rise in bad loans that have negatively affected the asset quality of the banks.Despite the ...
The NDA government has done an excellent job in building a national consensus for the roll-out of Goods and Services Tax (GST). There will be six different rates – 0%, 5%, 12%, 18%, 28% and 28%+cess – for different categories of goods and services and as of now, the items which will be kep...
Looking at the final shape of the GST Bill, ideated with all good intentions, one is reminded of the quote: Good intentions are simply not enough. Our character is defined and our lives are determined not by what we want, say or think, but by what we do. - Michael JosephsonBy now the potential...