The Digital Rupee (e-Rupee) or (eINR) is the digital counterpart of physical cash, it is issued by the Reserve Bank of India (RBI) as a Central Bank Digital Currency (CBDC). On November, 1, 2022, the Reserve Bank of India launched the first trial of the Digital Rupee (e-Rupee) in the wholesale segment for the government...
Do not get confused with e-RUPI and e-Rupee both are different. The e-RUPI is issued by RBI and is a legal tender in itself. It need not necessarily be backed by physical currency. The e-Rupee, however, can be used for digital payments in lieu of currency/cash. Today I will talk about e-RUPI. e-RUPI, a new digital...
Return on Net Worth (RONW) is used in finance as a measure of a company’s profitability. It reveals how much profit a company generates with the money that the equity shareholders have invested. Therefore, it is also called ‘Return on Equity’ (ROE). This ratio is useful for comparing the profitability of a company to that...
Return on Capital Employed Return on Capital Employed (ROCE) is used in finance as a measure of returns that a company is realizing from its capital employed. Capital Employed is represented as total assets minus current liabilities. In other words, it is the value of the assets that contribute to a company’s ability to generate...
The S&P BSE Sensex and the CNX Nifty are the barometers of the Indian equity markets. The top 30 companies in terms of market capitalization constitute the Sensex and in Nifty it is the top 50 companies. Did you know that the Sensex and the Nifty have dollar-term versions of themselves? BSE Ltd’s Dollex-30 and...
India is predominantly an agrarian economy, ranking second in farm production in the world. While keeping pace with the increasing population, the growing agricultural production over the past several decades has thrown up major challenges in marketing, as well as supply, storage, and distribution. Agri commodity trading takes place via future contracts. These contracts can be used...
A commodity exchange is an exchange where various commodities, agricultural and non-agricultural, tangible or intangible, including their derivate products and other raw materials are traded. The commodity exchanges in India are regulated by the Securities and Exchange Board of India (SEBI) since 2015. Prior to this, the FMC or Forwards Market Commission, overseen by the...
An Off-Balance Sheet (OBS) usually means an asset or debt or financing activity that is not reflecting on a company’s balance sheet. In other words, it is a form of financing in which large capital expenditures are kept off a company’s balance sheet through various classification methods. Companies will often use off-balance sheet financing to keep their...
Accounting rules are the favourite whipping boys of the financial market during bad times. These days too, it is the presence of what is called ‘the mark-to-market accounting rule’ that is being touted as one of the culprits behind much of the write-downs seen in the financial market. However, before forming any opinion let’s try...
What’s all this about currency wars? To understand currency wars it’s important to understand how the value of currency of a country would impact its economy with respect to the currency of a trading partner. Let us, as always, simplify with an example. Say the cost of a hair dryer in China is Yu 100....
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