AI- A groundbreaking revolution From spell-check to autonomous cars to facial recognition, Artificial Intelligence (AI) is something that smoothly dwelled into our life affecting our regular patterns and habits.By amplifying our abilities and providing a simpler user interface, AI is likely to become the most important human collaboration tool ever created. There are various notable…
It has now been a routine for the newspapers and the media to strike a headline on such events, let it be about the whereabouts of Nirav Modi who swept away with around 11,000 Crores of Punjab National Bank’s wealth or about the Padma Bhushan recipient ChandaKochhar’s pending investigation on round tripping investment into her…
Barter system is an age old exchange mechanism, which was prevalent in the earliest stages of human evolution. It meant exchange of goods, for goods. Some commodities, for their utility, came to be more sought than others are. Due to this lack of availability of the value of the goods exchanged, was born the lack…
MDR : The monetary policy announced by RBI last week was yet again proved to be nugatory, with the committee deciding to hold interest rates. But the decision of RBI to rationalize the MDR on debit card transactions from 1st January, 2018added a bit of briskness to the proceedings. What is MDR? Merchant Discount rate…
The quest to learn is a journey and not a destination – Rakesh Jhunjhunwala Lately there’s been quite a hustle about the SENSEX and the NIFTY reaching groundbreaking levels and whether or not the market will sustain itself at such soaring heights. Naturally, questions have arisen on whether to invest in the Financial Markets when…
It is a capital mistake to theorize before one has data – Arthur Conan Doyle Data is the unit of being of any organization. Data is to an organization like a cell is to a human body. With data being bombarded from various sources, organizations have reached a point of Data Overload. Traditionally, data was…
Financial Freedom is available to those who learn about it and work for it – Robert Kiyosaki In the recent wake of demonetization, the RBI and Ministry of Finance have shifted their focus towards spreading awareness about digital payments. Definitely, this…
Progress lies not in enhancing what is, but in advancing towards what will be. – Khalil Gibran Lately, Ind AS has emerged as the hot topic among the financial masses. It is believed that Adoption of these standards will have an overwhelming impact on the industry as a whole. These Standards reflect the improvement made…
According to Kautilya in his book ‘Arthashashtra’ the tax system of a country should be “liberal in assessment and ruthless in collection”. The proposed GST regime, if implemented in an empirical way, would create a tax system that is economically efficient and neutral in its application, distributionally attractive, and simple to administer. The Indian pharmaceutical…
Bitcoin and blockchain: The new hot topics in the Finance world. Bitcoin is a new crypto-currency and payment system developed by a programmer called Satoshi Nakamoto. Bitcoin is recognized by many major countries as a valid unit of currency. The system is peer-to-peer, and transactions take place between users directly, without the need for an…
