Monday, April 12, 2021

Business

India’s banking sector is gasping for air after a spate of scandals

Credit rating agency Brickwork Ratings announced last month that six Indian banks have received downgraded ratings due to drastic reductions in non-interest incomes. The news comes at a time of turmoil for the Indian banking sector, which has been the subject of several scandals over the past few months, including the evergrowing issue of Non-Performing Assets (NPAs) and bad loans. Downgraded...

Centre to change the base year of GDP, IIP and CPI to 2017-18

In 2015, the Central Statistics Office (CSO) under the Statistics Ministry had changed the base year for the Gross Domestic Product (GDP) from 2004-05 to 2011-12, and now again the base year is about to get revised. In June last year, the Statistics and Programme Implementation Minister of India D.V Sadananda Gowda had said in a press conference that...

Crypto-currency: All You Need to Know about the Revolution

The Beginning: Cryptocurrency is a revolution in digital currency backed by the technology named Blockchain. We all know about the Financial Crisis of 2008, but along with the slowdown of the global financial system and depreciation in the U.S Dollar, one more thing evolved and that was the Bitcoin- the first ever digital currency. After the Financial crisis, people were highly...

Bitcoin bubble worth more than Warren Buffett: An insight into the currency which cannot be mapped

As per an article on MarketWatch, a guy named Koch purchased 5000 bitcoins for $27 back in 2009, and as time passed by, he forgot about his investment. In 2013, this cryptocurrency became the talk of the town, and consequently, the investment of $27 fetched him a 3,281,500 percent return amounting to $8,86,000. A tremendous hike only in four years! Bitcoin is...

Understanding the field of finance: Part II

In the first part, we have seen what the financial market is and what money market is! This article focuses on the capital market along with forex and interbank markets. What is Capital Market? A capital market is considered to be one of the major spots for retail investors, institutions, and corporations to make buy or sell transactions of financial securities....

Factors affecting Indian markets and Economy Part I: the Big Fat Elections

There is a quite not-so-heard theory about elections, known as Presidential Election Cycle theory. Although it was developed keeping America in mind, we can apply some of its points to India as well. The theory was the creation of Yale Hirsch in the mid-1900s, where he stated that the first year after the elections is the weakest for the economy...

A Decade of the Global Financial Shock: The Aftermath

On January 27, 2010, Barack Obama officially declared the stabilization of U.S markets. Most of the stock markets were around 75 percent higher than at the time of financial breakdown, but the real challenge was during the 3 years before this. We all know about the Subprime Mortgage Crisis in U.S which led to Global Financial crisis in 2008,...

Good news for the Indian economy: February Inflation anticipated to hit a four month low

2017 had been a great year for India also because in late 2017, India was announced as world’s fastest-growing major economy and that of course puts India at a greater position. Also, as per Economic survey 2018, India’s Gross Domestic Product is estimated to be between 7-7.5, and adding to it the recent news that the Inflation rate for...

Factors affecting Indian Markets and Economy part IV- The International Affairs (1)

In the previous articles, we have seen that how elections, budget and crucial geopolitical situations like war and a surgical strike can impact the Indian financial markets and economy. This article states the broader aspects with regards to international affairs like Presidential elections, changes in policy, the economic crisis of a country and how it has the potential to...