[Note: Subsequent to the Reliance Future-Group deal, the company has been in a legal battle with Amazon. This legal controversy has severely hampered the long-term prospects of Future Group. The below article was written before Amazon intervened and changed the whole scenario.] Reliance retail and future group company entered into a deal on 29 August…
GDP is measured in India by estimating GVA of “Individual sectors“. Before we proceed into further details, lets first know few basics about the following: GDP. GVA. Individual Sectors. What is GDP? Gross Domestic Product. GDP is a measure of “total value of goods and services” produced in a country. What means by total value of…
Why Government cannot print currency notes and give to needy? After all, printing currency notes is in control of RBI and GOI. It needs no other approvals. Why it cannot be done this way? India’s population is 132 Crore. Out of this, at least 18 Crore are “poor”. Who are poor people? According to world…
Though I am not an expert to find a flaw in the banking system, something stunning has come to my notice. Why do I call it stunning? (I mean it in a negative way). I was surprised but was “not” happy to observe something like this. What do I mean by “something like this”? I…
What is BHIM UPI? BHIM stands for “Bharat Interface for Money”. How BHIM UPI works? UPI stands for “Unified Payment Interface”. BHIM UPI is a revolutionary payment system started by Government of India. BHIM UPI is basically a Mobile APP which can be used to send and received payment in seconds. Why its is revolutionary? Because of three…
Understanding of Debit and Credit transactions is essential for accountants. But these days, “this rule” is taught even to Business Schools. Debit and Credit transactions are used for accounts management of company. It is also known as “double entry system“. Why double-entry system is called so? As the name suggests, every transaction is recorded in journal at…
What is the history of inflation in India since last 10-15 years? The rate of inflation in India is currently hovering around 4 years low levels. In June’2013 India saw its inflation rate at 4.7%. If we look at history of inflation in India since year 1969, inflation has averaged around 7.7%. May be not…
In order to understand whether government subsidies are good or bad for India we have to see things in larger perspective. Instead of looking only at immediate effects, one shall see long term repercussions of subsidies. What is subsidy? And why government decides to have them in first place? When price of goods or services are controlled…
There are few basic traits of rich people that is lacking among common men. What are they? Rich people does things which we common people do not preach. But not all rich people are same. It is very interesting to learn about these basic traits. If we can implement these basic traits of rich people…
It is not an overstatement to say that rich people communicate effectively. So, how rich people communicate? One continues to be poor because of his/her habits. Yes, if we can only improve few habits we can become rich. Communication is one area where rich people score very high compared to poor. Research shows that most…
