Southern states are protesting because they believe it is unfair that they contribute significantly to Central Government taxes but receive disproportionately little in return. Firstly, let’s delve into the tax structure in the country: The State Governments gathers taxes on alcohol, fuel, road tax, stamp duty, and a share of the GST Meanwhile, the Central …
Why is Karnataka protesting against the Central Government? Read More »
China’s Economic turbulence: A dragon at rest? China, the world’s second-largest economy, has been making headlines for all the wrong reasons lately. The dragon’s mighty roar seems to have turned into a subdued purr as it navigates a series of economic challenges. Economic indicators data hush-up One notable move is China’s decision to stop publishing …
The Dragon’s Rest: What’s Slowing Down China’s Economic Growth? Read More »
The Reserve Bank of India (RBI) has introduced a new digital version of the Indian rupee, called the e-rupee. The e-rupee is a digital version of the physical rupee and is intended to be used for digital transactions. On Dec 1 2022, the RBI has announced start of the first phase of the retail e-rupee …
In the aftermath of Russia’s invasion of Ukraine, countries around the world have imposed heavy economic sanctions to deter Russia. The sanctions are intended to hurt Russia’s economy. The sanctions will cut off major Russian banks from the US financial system, ban Russia’s technology imports, and also target the country’s wealthy individuals. It will also …
At a time when India is celebrating the Amrit Mahotsav on the 75th anniversary of Independence, Prime Minister Narendra Modi, on 2nd August 2021 launched e-RUPI – a digital payment solution. The launch was made via video conference in New Delhi. Through this article, I have tried to explain what e-RUPI is, how it works, …
With the threat of climate change and depletion of natural resources, ESG or Environmental, Social, Governance analysis is being increasingly applied by investors across the world in their investment process to gain a comprehensive understanding of the companies they are investing in. The analysis is based on three non-financial factors vis-à-vis Environmental, Social and Governance. …
What is Environmental, Social, and Governance (ESG) Investing? Read More »
The Rajya Sabha, on Thursday, passed the Factoring (Regulation) Amendment Bill, 2020 [amending the Factoring (Regulation) Act, 2011] to increase the participation of Non-Banking Financial Companies (NBFCs) in the factoring sector. Amid the Pegasus scandal, the reform went largely unnoticed. Nevertheless, it has significant implications for the micro, small and medium enterprises (MSME) sector, as …
The Factoring (Regulation) Amendment Bill, 2020- All You Need to Know Read More »