COLLATERAL MISMANAGEMENT AND INCREASING NPA’s

1. BACKGROUND/OVERVIEW “Borrow Rs.100 from a bank, it’s your problem. Borrow a hundred million it’s the banks problem” Debt is classified as an NPA (Non-Performing Asset) when loan payments have not been made for a period of 90 days. It was RBI’s independent initiative to conduct a review of the NPA monitoring system during the …

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How Airbed & Breakfast became Airbnb ?

"Creativity is the solution to all problems"- Brian Chesky , co Founder and CEO at Airbnb For those who don't know, Airbnb is an online marketplace where people can lease or rent short term lodging. The $31 billion company does not own any lodging but is merely a broker. So how did two unemployed friends(3 …

Why Finance ?

why is finance important ? In my perspective it is better to master it before it masters you . And on a lighter note to end these kind of conversations ! ME : I really want to travel . BANK ACCOUNT : like where ... to the backyard ? ME : I want to buy …

The McDonald’s Delhi story !

So just a few days back I was with my cousins , as we were celebrating Rakhi and the youngest of the lot my two brothers of 6 and 7 repeatedly kept on saying that they wanted to go to McDonalds , and we had to repeatedly answer them that they were closed and they …

IndianEconCourse – Module 1

DISCLAIMER: Chief Economic Advisor Arvind Subramanian has in collaboration with IIT Delhi started a course on “CONTEMPORARY THEMES IN INDIAS ECONOMIC DEVELOPMENT AND THE ECONOMIC SURVEY “. I would be doing a write-up based on every module. Hope that it’s informative. MODULE 1: GLOBAL AND INDIAN ECONOMIC HISTORY To understand today’s economic scenario we need …

Goods And Services Tax

It’s a uniform tax on goods and services uniformly taxed across the country (in our case India). There are two kinds of taxes direct and indirect taxes. In direct the individual pays the amount and in indirect intermediaries pay with the help of final consumer. All these direct and indirect taxes have been added in …

SNAPCHAT: REAL TRUTH BEHIND THE NEWS THAT GOT INDIANS TOGETHER

We all know that person who was once a friend of ours (that too for a short period of time) who when left us spilled our secrets too along the way. The same is the case with Snapchat and its ex-employee Anthony Pompliano who worked with them only for a short time span of 3 …

​THE LINCHPIN CALLED JIO FOR THE TELECOM SECTOR

India has an ever growing 2 billion telecom (telephone, mobile) subscribers. Before Jios majestic arrival prices and connectivity both soared. But Jio tried changing that on both the spheres. Its entrance into the telecom sector has led to a massive ripple effect. India’s 2nd and 3rd largest operators Vodafone India and Idea Cellular have agreed …

THE GREATEST TRADE EVER BY GREGORY ZUCKERMAN BOOK REVIEW

"There is no intoxicant more dangerous than cheap money and excessive credit “- Benjamin.M.Anderson So as you might have guessed from the cover above this book is about someone who ended up making huge bucks. Well to clear the mystery, Greg Paulson made $4billion in 2007 by betting against the housing marketing (his bet was …

NaMo Caused DeMo Impact On Pepo And Eco!

a few of my own thoughts. 🙂
P.S.( written by me)
thank you Blue chip for posting 🙂

THE BLUE CHIP

So on 8th November at around 8:30 at night in India the king of our economy Mr. Cash was dethroned from his magesticity and made a second-class citizen! 86% of the total value of currency in India’s cash-intensive economy was wiped out. This all was done by none other than our beloved PM Mr. Narendra Modi. Well a big question that looms is whether it was done to embed himself in history, to finally respond to the eradication of black money promises made during election or indeed in the goodwill of the nation.

Well there are three school of thoughts. One of them belonging to the not so creamy layer of income (and thinking). For the poor and the middle-class, anything worse than their own suffering is the suffering of the rich. The knowledge that the “baniyon ki Sarkar” was changing its stance was all that mattered to them. Seeing…

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