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As Financial Market Panic Grows, Sebi And RBI Must Move Quickly To Help Adani Group

Sayani ChakrabortyFebruary 11, 20230

After Adani Enterprises cancelled its fully subscribed follow-on public offering (FPO), the price of its stock dropped by 27% to Rs 1,565.30 the next day. Currently, it's at a price that's around 50% lower than the FPO floor. Since January 24th, the market value of the seven Adani listed firms has dropped by more over $100 billion. As a result of these changes, authorities and politicians in India took swift action. The problem was sufficiently pressing that Parliament had to adjourn. Banks have been questioned about their exposure to Adani companies by the Reserve Bank of India, the Securities and Exchange Board of India (SEBI), and the National Stock Exchange (NSE). There are now commercial and financial ties between international markets and Indian businesses. The global finan...

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Analysis Of Financial Technology And Its Latest Impact On Money Transactions

Sayani ChakrabortySeptember 20, 20220

Payment systems are being impacted by the technology transformation now taking place in the modern world. FinTech, short for "financial technology," is a term that refers to the ways in which new developments in this field are modernising outdated methods. The demands for digital banking, financial, and payment services have been pushed by the COVID-19 epidemic, just as digital technology has been and will continue to reshape payments, lending, insurance, banking, and more. The transition from brick-and-mortar banks to internet banking has had far-reaching effects on the ways in which consumers make purchases. This shift is being fueled by reasons including cheaper transaction processing, better security, and easier access to information via online banking and mobile apps. Payment alt...

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Challenge To Raise Percentage Of Rich Amid India’s Growing GDP

Sayani ChakrabortySeptember 5, 20220

India's economic growth has surpassed that of the United Kingdom, making it the world's fifth biggest economy. India's growth is inevitable in the following years, thanks to its large pool of young people poised to enter the middle class and its thriving digital environment. Evidence from SBI Research suggests that India may overtake Japan and become the third biggest economy by the end of this decade. Inflation has not skyrocketed in India despite the Covid epidemic and the Ukraine conflict, and the country has avoided the energy crises that have plagued nations like the United Kingdom. GoI's resolution to not build up a huge budget deficit was correct despite the temptation to replicate the West's excessive stimulus programmes. More creative problem-solving is required for the de...

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India Experiences Market Uncertainty Amid Bizarre Economic Turn

Sayani ChakrabortySeptember 1, 20220

India is experiencing some strange times. RBI expects inflation to average 6.7% in 2022-23, marking the second time in three years that inflation would exceed 6%. However, overall demand has remained low. The rise of inflation is not the main issue. The repo rate has been lifted by the RBI's monetary policy committee by 1.4 percentage points, to 5.4%, since May in an effort to curb inflation's virtuous cycle. While inflation has moderated in recent months, a reversal of trend is yet possible. On August 26th, a barrel of crude oil in India cost $99.6 per unit. Food grain prices may also be affected by changes in the rainfall pattern. The area planted with paddy and pulses fell by 6% and 5% on August 26. After a poor first half, August saw a dramatic increase in net inflows of about $7 bi...

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Rising Popularity Of Cryptocurrency And Plight Of Business Schools

Sayani ChakrabortyAugust 22, 20220

There has been a tremendous increase in the value of cryptocurrencies over the last few years, and the market size of cryptocurrency is projected to expand to more than $1080 million by 2026. Since then, this innovation has skyrocketed and gained widespread interest. To date (2021), 97% of global tyre users have indicated trust in and optimism about the digital asset. As recently as a few years ago, even business schools showed little enthusiasm for incorporating cryptocurrency education into their curricula. They didn't think it was real and assumed the technology will go away soon. Despite the doubts, cryptocurrency study is being included in MBA programmes. Since 2013, the market for cryptocurrencies has grown by more than 90%, and there are now more than 4000 different kinds of cryp...

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Reform Of Indian Budget: Forgotten Priority That Causes Major Issues In Economy

Sayani ChakrabortyAugust 5, 20220

Mark Twain stated want of money causes all evil. India's defence budget confirms this. The chronic lack of money for defence also fuels budgetary issues. These modifications may address Twainian evil, say many observers. They expect those adjustments will free up more spending money. It's unlikely. It's almost difficult to meet the military's demands without doubling the defence budget. Kin Hubbard said the easiest way to double your money is to fold it once and put it in your pocket. Only magic can do this. Reforms are essential because the budget can ensure effective utilisation of resources to achieve financially viable goals. This objective involves micro and macro adjustments that are conceptually linked. The MoD's Demands for Grant (DG) structure should be reexamined to enhance bu...

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Pace Of Economic Growth Is Weakening Day By Day: P Chidambaram

Arpita SarkarJune 4, 20220

The former Finance Minister P Chidambaram has accused the Modi government of slowing down the pace of economic growth, despite its "promise" to turn the economy around. The growth rate for the last three months of the last fiscal year, from January to March, was only 4.1 percent according to the official figures released on Tuesday. Today, Chidambaram said, the most shocking data is that the quarterly growth rate in 2021-22 has gradually come down to 20.1%, 8.4%, 5.4% to 4.1%. This statistic says that the economy is slowing down. There is no sign of the economy turning around as promised by the government. The Modi government's finance ministry claimed that in 2021-22, GDP had reached the previous level of Covid. According to Chidambaram, the GDP of 2021-22 is only slightly highe...

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Ukraine Crisis: ExxonMobil Announces To Stop Sakhalin-1 Project In Russia

Sonia SolankiMarch 2, 20220

Amid the Ukraine-Russia war, ExxonMobil becomes the latest oil company to announce its discontinuation in Russia. Before ExxonMobil, British Petroleum (BP) and Shell had declared to end their association with Russia in the wake of its invasion of Ukraine. In the official statement, ExxonMobil said, "ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future." "In response to the recent events, we are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture," the statement added. ExxonMobil And Other Oil Companies In Russia ExxonMobil is working on three oil and gas fields near the eastern Russian island of Sakhalin in partnership with Rosneft, a state-controlled energy company. ExxonMobil...

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NSE Racket: Truth About ‘Himalayan Yogi’; Aligns With Subramanian Recruitment

Monomita NagFebruary 23, 20220

In the light of the former NSE CEO  Chitra Ramakrishna and the mysterious 'Himalayan Yogi', ex-SEBI chairman M Damodaran's comments carry much weight. He openly said that confidential information was sent to an unauthorized person, coupled with multiple governance failures at NSE. All of these impacted India's capital market enormously. He asked, "How did Anand Subramanian come on board?  Who recommended him to the board?" He insisted that these vital questions have to be answered first. Earlier, it was reported that Ramakrishna was receiving all directions regarding NSE governance from the Himalayan Yogi. A forensic audit by a consultancy firm stated that this Yogi was no other than Subramanian himself. Who Is This Mysterious Yogi? Anand Subramanian was appointed to the NSE as th...

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Free Fire Ban: Singaporean Company Faces Indian Wrath For Having Chinese Connections

Monomita NagFebruary 21, 20220

After banning 54 Chinese apps on the grounds of national security, India is now punishing a Singaporean Company, Sea group, making it lose 16 billion in a single day. Free Fire, one of the most profitable titles for the group, was banned, thus indicating New Delhi's sweeping change in its policy against anything Chinese. This of course is the first such action by India against Singapore. Reasons To Target Sea Group The management of the company was taken aback by this action which put it to face an unprecedented loss. New Delhi targeted Chinese companies but Sea Group is not Chinese. Its founder was no doubt born in China but he is not a Chinese citizen, on the contrary, he is a citizen of Singapore and the comoany is listed on New York Stock Exchange. Hence, the company is in no way...

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Centre’s Target Of Cooperatives Causes Political Uproar In Maharashtra

Monomita NagJanuary 15, 20220

Cooperatives in Maharashtra have emerged as the cause of corruption and electoral irregularities. These cooperatives in the states' rural economy are controlled by political parties, thereby regulating the voting pattern of the villagers. But very recently Amit Shah, Union Home, and Cooperation Minister declared that the Centre is going to introduce a new cooperative policy soon. This has unnerved the political leaders who are in control of these cooperatives. The  NCP, Congress stalwarts controlling such cooperatives are brazenly shaping the states' cooperative movement and also ensuring their win in the election by means of arm twisting the poor villagers. HOW DO THE BARONS CONTROL THE CO-OPERATIVES? There are various types of cooperatives in the state, Let's take the example of S...

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Tamil Nadu To Achieve $1 Trillion Economy By 2030, Check Out How!

Monomita NagJanuary 13, 20220

Tamil Nadu is on its way to touching the target of becoming a $1 trillion economy by 2030, the finance minister of the state, Palanivel Thiagarajan, said on January 13. He also said the state will also log in $100 billion exports by the same year. “Not only can we achieve the $1 trillion target very reasonably, we also have unlimited potential if we get some basic things right. We require nominal growth of 13 per cent for the next ten years to achieve this. If you take out the inflation of 5-6 per cent, 7-8 per cent real growth is easily achievable,” Thiagarajan said during a summit. The state has announced two policies -- Tamil Nadu Export Promotion Strategy and Tamil Nadu Fin-Tech Policy. It is being hoped that these new-fangled policies would play a vital role in achieving the vi...

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