Almost 50 years ago, India nationalized 14 commercial banks in the country, an extraordinary move, a historic event of its own. From 1947 to 1969, a whopping 665 private banks failed and people lost faith in the country’s banking system. Thus, the government had to bridge the gap. Today, 50 years later, the government is […]
In 2016, Prime Minister Narendra Modi promised that the Government aims to double the farmers’ income by 2022. It’s 2022 and a fair time to evaluate the situation. However, firstly let’s understand the problems with India’s farming model. Indian Farming is largely dependent on the monsoon. When the monsoons aren’t kind, crops fail, and farmers’ […]
A massive nationwide internet outage hit Canada recently caused primarily because of a maintenance update core network. 90% of the telecom market share in Canada is controlled by three companies – Rogers, BCE Inc and Telus Corp. The recent outage was caused by Rogers Communications, one of the big three telecom providers, who faced a […]
While the weakening rupee is disheartening Indian merchants, and also students who are looking to fly abroad, Indian exporters are celebrating the same. Exporters of textile, engineering goods, petroleum products, jewellery and chemicals – the top five Indian exports – are set to make the most from the sharp decline in the Indian rupee, among […]
Background The Enforcement Directorate (ED) has been in the news these days more than the crime and criminals. The Government under its current regime has been extensively using the services of the Enforcement Directorate in numerous cases. The number of raids by this particular law enforcement agency has increased as much as 27 times since […]
Background When Russia first attacked Ukraine this year, countries across the world chose to sever ties with Russia. Russia was left alone and couldn’t engage in trade with other countries the way it used to. Russia, the biggest oil producer in the world, was locked out of many markets and had nowhere to sell its […]
Vauld is a Singapore-headquartered crypto company that announced fixed deposits against cryptocurrencies, just the last year. However, now the company has released a statement that it is suspending all withdrawals, deposits, and trading in cryptocurrencies for its users. In October 2021, Vauld advertised automatic crypto investments through fixed deposits with a super-high 12.68% interest rate. […]
The Legal Entity Identifier (LEI) code is a key measure to improve the financial data systems for risk management. LEI code is designed to identify and link parties to financial transactions. The goal is to improve compliance with regulatory reporting requirements. The Global LEI System (GLEIS) was set up to address the global financial crisis. […]
Indian stock markets are facing their worst burnt, amid global uncertainty, inflation woes, rising bond yields, supply chain constraints, and rising interest rates in the US. The stock markets have tumbled in the past weeks and many see a further downside to the same. However, analysts are bullish on two sectors for investors to bet […]
Since 2020, Google has poured USD 4.5 billion into Reliance’s Jio Platforms and USD 1 billion into India’s second-largest telecom provider Bharti Airtel as part of its USD 10 billion India Digitization fund. The outpour of money into Indian telecom companies comes as a surprise, however, Google has its motives to do so. India is […]
What is Enforcement Directorate (ED) and what does it do?September 10, 2022 - 4:57 am
Why RBI permitted Trade Settlements in INR, explained.September 10, 2022 - 4:53 am
Section 194R – A Brief Analysis of New TDS ComplianceSeptember 9, 2022 - 6:49 pm
Windfall Tax – The Government’s Robinhood ActJuly 15, 2022 - 12:25 pm