Mridusmita

Students of classes 11 and 12 can reach out to me for online tutoring in Accountancy and Economics. I will also launch a one-month Accountancy course in June specifically designed for people preparing for the EPFO examination. Why you should register? Interactive classes approach Focus on conceptual clarity Limited batch size Doubts solving Demo classes …

Online Coaching for Accounts & Economics for CBSE 11th, 12th & EPFO Read More »

The Union Budget of 2021-22 pegged India’s revised fiscal deficit target for the current financial year 2020-21 at 9.5% of GDP. It is much higher than the earlier estimate of 3.5 %. In absolute terms, the fiscal deficit is more than Rs.18 lakh crore. [The government has fixed the target to spend Rs 11.7 lakh …

Understanding India’s high fiscal deficit level Read More »

The share price of GameStop has soared by around 8000 % in 6 months. GameStop is a video game retailer with 5000 physical stores across the United States. It has been struggling for years as people have moved online to buy games. Therefore, large institutional investors like hedge funds have been betting against it. Even …

The GameStop saga- Explainer on what’s happening in the stock market Read More »

A bad bank is a bank set up to buy bad assets of banks and financial institutions. The purpose of setting up a bad bank is to clean up the balance sheets of (good) banks so that they can focus on lending. The bad bank buys non-performing assets/ NPA (bad assets) from banks at low …

What is a Bad Bank in the Indian context?- Explained Read More »