At a time when global banks were filling bankruptcy and their inefficiency to handle credit led to 2008 global recession, Indian banks emerged as the rising stars, as it was able to overcome a period of instability in the global market with ease. Indian banking system has come under heavy criticism over the last two years for its degenerative functioning and system, especially the public sector banks and private Indian banks. The Indian banks have [...]
‘Make in India’ and ‘Made In India’ have become a topic of debate in recent times with a lot of confusion surrounding the difference between the two. Most of us think of them as the same concept but precisely, they are two different economic programs. Discussing these in detail will help us in getting a fair idea of both initiatives launched by the government. Make in India Make in India is an initiative launched by [...]
Pradhan Mantri Jan Dhan Yojana is the flagship financial inclusion plan of the NDA Government. The Finance Ministry rolled out this scheme to enable each household in the country to have access to at least one bank account. All Indian citizens can now avail of a bank account despite the lack of KYC documentation. These bank accounts are valid for a year within which account holders must furnish proof of having applied for valid documents [...]
Small scale business industries play a crucial role in the economic development of a developing country like India. The young generation of India is becoming more business enthusiastic and willing to start their own ventures. Rather than going to a 9 to 6 job, they prefer to create their own workspace and apply their efforts and knowledge towards making their business profitable. It is quite evident that everyone needs a regular source of income but [...]
Amazon is an American e-commerce company based in Seattle which has several branches worldwide. It has now become India’s largest online shopping platform. Amazon.in is the place where you can get all products ranging from clothes to accessories, books to baby care, fashion to gadgets, etc. It even has a separate amazon pantry from where you can buy the household goods. Not only this, Amazon has a unique feature associated with it called “Amazon Prime [...]
Public Sector Undertaking banks are a major component of the Indian Banking sector. The Government of India owns the majority stakes in all the 21 PSU Banks in the country. PSU banks own nearly 70% of the banking assets in the country. Banks have played an important role even though they have suffered losses in the recent years. In the last fiscal year, the banks registered a loss in excess of 62000 crores. The situation [...]
Forbes magazine, the business magazine that produces an annual list on the richest billionaires worldwide every year, has published its latest list for the year 2018. The magazine has taken into account 2,208 billionaires from all over the world to come out with this list. Out of these 2,208 billionaires, there are 121 Indian billionaires,19 more than last year, making them the third largest group of the richest people after those from the US and [...]
The concern of every business in today’s world is – How to make good use of their existing business data so that it can help in achieving organizational objectives? It becomes difficult for them to leverage large amounts of data and convert it into useful information for the organization. Due to increased competition in the business world, the decisions backed by data can only be trusted to bring the desired results. Sometimes, it becomes difficult [...]
The Indian economy is growing from strength to strength, since BJP-led NDA formed the government in 2014, after a landslide electoral mandate in Lok Sabha elections. There was a renewed optimism among the industries, markets and public in general about the Indian economy. The new government had a task in hand to improve the economic condition of India. In the last four years, the government has been able to cope up with the changing trends [...]
The country is yet to recover from the shock of the more than 11,000 crore PNB bank fraud when another scam of huge proportions has come to light. Close on the heels of jeweler Nirav Modi, the owner of Rotomac Pens Vikram Kothari has been reported to have embezzled more than Rs 800 crore. These two back-to-back incidents have opened up a plethora of disturbing questions. But, the most important among these is that how [...]
