Financials

Most of us work for a living. But what do we do to the income that we earn? Many of us simply keep the money in the form of cash. Did you know that just by keeping money as cash at home we are not helping our economy? Sounds confusing? Let us say there is […]

We have often heard our parents or grandparents saying that they used to manage the entire house for one hundred rupees a month in “those days.” We usually smirk and say “Gone are those days. Today we cannot even have one full meal in one hundred rupees.” Blame it on inflation. Inflation erodes the purchasing

These days, the world over, governments are borrowing more and more money from the market. You may have wondered how governments always manage to create a mountain of debt for themselves. But ever wondered how governments ultimately repay their debts? There are several ways by which a government actually repays its debts. Well, borrowing money

UDGAM – Unclaimed Deposits Gateway to Access Information This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place. The establishment of the web portal would make it easier for consumers to locate

Understanding the Relationship between Devaluation, Beggar Thy Neighbor and Currency War. Let’s say an American wants to buy Indian products. Indian products can only be bought by paying in Indian rupees. This means that the American cannot buy the Indian product unless and until he buys Indian rupees. Therefore, if the Indian government reduces the

Let me tell you a story of 2 brothers Karan and Arjun both of whom were educated and did well in their jobs respectively. However, two years back Karan lost his job. Suddenly, his world changed. He had to start making compromises in his day-to-day life. He was also considering discontinuing the education of his

The RBI has defined Capital Account Convertibility (CAC) as the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange without any sort of intermediation and regulation. So, what is its use? It is intended for local merchants to easily conduct trans-national business freely without any

The government of India has launched a new app known as Mera Bin Mera Adhikaar, an app which can be used on both Android as well as iOS-based devices. This scheme is to get towards creating awareness about the importance of receiving invoices for B to C transactions Fostering a more transparent economy. Under this

Suraj and Vipin travel together to work by train every day. As a usual morning practice, Vipin was reading a business paper when he came across the term \’Current Account Deficit\’. He wondered what it meant and asked Suraj to explain. Suraj tells him that if he answers a few questions, the meaning of the

Recession is the best time for some people to go on a vacation. They assume that by the time they come back, things will be back to normal. But for the saviors of the world economy, recession is the time to work overtime. They test various methods to get the economy back on its feet.