The winner’s curse, Auction theory and the Noble Prize 2020

Auctions are exciting – a live ongoing fierce competition with people bidding to win a prized asset. It is common for items of art and historical importance to be auctioned; however, auctions have been more commonly used in selling items such…

Richie Rich and Slumdog – How pandemic is widening the gap!

“Last week, one of our employees, Shiv Kumar, made an unusual request for an advance against his salary. While the need for advance during current times is self-explanatory, we were surprised at the amount that he requested, as it was almost…
Business of Cricket – Indian Premier League

The Business of Cricket – Indian Premier League (IPL) Explained

COVID-19 cases are raking up every day and yet the cricketing body, Board of Control for Cricket in India (BCCI) is organising the mega event – Indian Premier League (IPL). The league involves hundreds of star cricketers, their support staff,…
Farmers’ Bills

The New Farmers’ Bills: The Good and the Bad, Explained

We buy, cook, eat and even waste food with such ease and live in comfort as food is always available at our realms. We are grateful that we aren’t amongst the 73 million in Africa, 43 million in the Middle East and 18.5 million in the Caribbean…

Section 206C (1H) - TCS on sale of goods & some practical aspects

Introduction – As per Income Tax Act, 1961, certain persons are required to collect tax from their buyer at specified rate on specified transactions. In order to widen and deepen the tax net, it is proposed to amend section 206C to levy…
India turning digital

India Turning Digital - The Government Policies And Reality Check

In a country where every seventh person on the earth resides, it cannot happen that there’s only one big news, covering one person out of a billion, for a complete month, especially when we are talking about 2020 – the pandemic year. There…

Old Is Gold, But Gold Never Old? - ‘Gold As An Investment’ Explained

Unlike the west, celebrations are a big thing in India, especially weddings. Like spring and autumn, Indian weddings also have seasons based around the same time, and it’s not just a big family get-together, but also a huge marketplace for…

Do Product Bansserve The Purpose Portrayed?Explained

This is not the first time the topic has made headlines. Time and again ‘Ban Chinese Products’ has been used as a slogan in many speeches and discussions. However, for the first time, it is the Government who has officially called a ban…

The ‘Lemonade Recipe’ - Decoding The Blockbuster IPO

Take a glass of chilled water, add a little lemon juice, salt to taste, and enough sugar to make sure that the drink is potable. Stir the contents well, and ta-dah! A sweet-sour refreshing drink which is non-carbonated, healthy and pure delight…

Lock The People And Unlock The Economy, Time To Go Digital

Firstly, they forced us to stay inside home, and now forcing everyone to step out of house and bring back normalcy. The Government could have done better, with the resources it has at its realm. On January 30, India announced it’s the first…