Finance Articles

Finance articles section focuses on various concepts of finance like budget, stock market and economics of various products & services. Apart from these articles on global financial institutions, different banking systems and topics of international importance in the field of finance are present.



Bitcoin The Rise and Fall February 20, 2015

Technology has changed the ways by which people buy products and services. People require faster and easier ways to exchange and use units of currency. In ancient civilizations, people primarily relied on metal coins, which was followed by paper currency. Then came credit cards. The smartphone revolution along with the presence of Digital wallets and near-field communication technology has ushered in even greater ease of use, allowing us to carry all of our credit card information in our phones. The last 5 years of this decade saw the rise of modern currencies that would eliminate the involvement of any third parties such as banks. These currencies are hinging upon the internet, the most widespread and omnipresent network ever invented. Of all these currencies, Bitcoin has gained the most widespread attention, for both good and bad reasons.

 

Is Re-Shoring Fab or a Fad? February 20, 2015

Re-shoring is the new buzzword in the industrial sector. Couple of years ago, General Electric moved their washing machine and fridge making business to Kentucky from China. This was not a one off incident. Over the last few years, companies have consistently transported back their business from offshore locations to their own backyards. If the last decade and a half was all about “Outsourcing”, “Re-shoring” could take the major chunk of the pie in the next.

 

Jan Dhan Yojna - Universal Banking for Every Household February 16, 2015

“Pradhan Mantri Jan Dhan Yojna” is ambitious scheme with aim to link every household in the country to universal banking facilities free of cost.


Mission:

Its sole purpose is to bring financial inclusion to country like other major economies (US, China etc.) of the world. But along with bringing financial literacy in rural population, it will also help in to availing the various government schemes and access to the financial services, like bank account with RuPay Debit card, access to credit, remittance, Insurance & Pension. There are around 5,00,000 villages in India but only 32,000 - 35,000 villages have a bank which is just 5% and it should be increased by at least 15-20%. The mission brings the excluded sections into the financial mainstream as well as makes the transfer of benefits of various subsidy schemes of the government effectively. Objective was set to open 100mn bank accounts with deadline of 26th Jan 2015. Also A minor of above the age of 10 years can open Savings Bank account.

 

India’s Contrasting Economic ties with Japan and China February 11, 2015

The last few months of the year 2014 have seen heightened activity in the multilateral arena with significant initiatives between India and Japan, China, Australia and the US. Amongst these, seemingly significant bilateral talks were held with the two Asian giants namely, Japan and China.

 

All that Glitters is Gold February 03, 2015

Well, a much debatable topic of the recent past. The burgeoning current account deficit (US$ 1.2 billion Q1FY14) since the UPA era has compelled the government of India to curb the imports by cutting down on either crude or gold imports; obviously the latter sounds more feasible as crude oil is an indispensable commodity. But it does not end there. For a country, so closely associated with the yellow metal, socially and culturally, it is almost impossible to change the consumer behavior overnight. The 20 billion dollar industry, employing some five lakh people can be restricted by government policies and measures. But that would only encourage smuggling and circulation of black money into the system because the demand still remains.

 

‘Oil Break’ – Short Term or Here to Stay January 25, 2015

In 2005 Saudi Oil leader, Sheik Ahmed Zaki Yamani said, “The Stone Age did not end for the lack of stone, and the oil age will end long before the oil runs of oil.” Discovery of shale and development in oil extracting technologies such as fracking and horizontal drilling is pressing hard to prove his statement correct.

 

Wage Settlement Saga in Public Sector Banks: Issues and Challenges Ahead January 15, 2015

Every business sector in the economy is bound by certain obstacles; be it Information Technology (IT) Sector, FMCG, Manufacturing or any other and banking industry is not an exception to it. Banking sector comprises of public sector banks, private banks, foreign banks, regional rural banks etc. Amongst all of them, the most hyped are public sector banks (PSBs) recently because of plethora of reasons; the most important being Wage Revision and Strike. PSBs are mounted by hefty challenges and issues; from high NPAs, shrinking capital base and profitability to the newest buzz word: ‘Strike’. In legal terms, strike is defined as ‘A collective cessation of work by a body of persons employed in any industry acting in combination, or a concerted refusal, or a refusal under a common understanding, of any number of persons who are or have been so employed to continue to work or to accept employment’.