Do you remember receiving pocket money as a child? Wasn’t it one of best moments when you slide your hand into the pockets and find money?! And you’d probably lie to yourself if you say that this was something you weren’t the most excited about. The next thing you would do was to spend on…
Ancient texts of Kautiyla’s Arthshastra dating back to 321 BC mentions a network of merchant bankers and financiers giving rise to the system of Lending in India. Financial instruments like ‘Hundi’ followed it, and later a new phase made a kick start with the evolution of the banking system to organize and stabilize the informal…
Earning money is, and historically has been, a universal motivation for people. The pursuit of profit or financial gain can generate passion, dedication, ingenuity, as well as the willingness to undertake daunting and challenging tasks. We are not untouched from the fact that mankind has been taking leaps in achieving great heights. Let me take…
As it is rightly said that “Sometimes it’s not about the money, but rather the process of managing the money” More often than not most of us confuse between Liquidity and Solvency. But actually both are significantly different from each other. Liquidity refers to the ability of the business to meet its present existing, short-term…
Trailing back to the early 90’s, when India barely held any foreign exchange in it’s pockets, lasting only a fortnight, it’s then Finance Minister, presented a budgeted in the Indian Parliament, giving a makeover to the country and it’s global presence.Gracias to the political turmoil, mind-boggling oil prices and fiscal profligacy that called for a…
“The greatest legacy one can pass on to one’s children and grandchildren is not money or other material things accumulated in one’s life, but rather a legacy of character and faith.”— Billy GrahamThe origins of Indian national air carrier predates the birth of independent India. In 1929, JRD Tata, a young business tycoon and the…
Imagine you have INR 15,000 credited into your bank account in the beginning of every month, irrespective of your job status, merely on the basis that you, are a citizen of the country. What do you do? Or possibly or more importance, what don’t you do? How would this sense of economic safety and freedom…
In today’s world where people are starting to become oblivious of the difference between ‘need’ and ‘want’, there is an inevitable compulsion to have a complete knowledge of how to meet our ‘wants’ and not just our ‘needs’, which in turn has widened the horizons of the definition of Financial Literacy.Earlier Financial Literacy could have…
It is universally acknowledged that a company in possession of good growth opportunities, must be in want of proficient employees. In today’s finicky world where an employer has to face financial and technological competition as often as blinking, he is also forced to face the uncertainty of retaining his competent workforce. The attrition rate in India is on the rise, with employees’ job-hopping to the next best offer. In such dark times, it…
“The only constant in life is change” – Herclitus Proclaimed to be one of the two greatest changes in the Indian economy in the last few years, GST has been surrounded by a lot of speculation since its announcement has been made. 1st of July 2018, has marked one year of it’s inception in the…
