After the demonetisation policy, the Indian government set a target to install 10 lakh Point-of -Sale (POS) devices by March 2017. It also waived the 12.5% excise duty and 4% special excise duty on POS machines to incentivise banks and the manufacturers. While the doubling of POS terminals doubled...
The increasing number of mega multinational corporates with large asset bases in multiple countries has necessitated the advent of a centrally administered global insurance programme. Designing a global insurance programme that provides comprehensive cover along with providing efficiency, cost effec...
In India, the penetration of banking in the rural sector remains limited. In such a scenario, the micro finance institutions (MFIs) play an important loan in strengthening the rural economy. Village Financial Services Private Limited is one of the leaders in the MFI sector in West Bengal and is aggr...
India’s steel production has crossed the 100 million-mark in 2016-17. Leaving behind the woes of falling demand, indifferent prices and mounting debt liabilities of the steel companies, the steel production has increased by a record 10.7% to 100.74 million tonnes last year.The good performance by ...
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 ...