The growth of Information Technology in the early 2000, and the further tech developments pushed up the concept of remote working in India. However, this concept got mass approval with the onset of Covid which drastically modified the outlook toward remote jobs. It brought up the concept of remote working, work from home, especially for the Tech enabled jobs. Prior to 2019, the data related to remote working was not much available and it was not widely accepted as regular job but known Read more [...]
The real estate sector reflects the market pulse of consumer and business sentiments in India. It is the second largest employment generator, and hence this sector is highly important for the overall economic performance and achievement of social objectives. For nearly a decade, the Rea Estate sector has been going through a major churn out due to slow down after overheating, problems of quality and fragmentation, and then a regulatory overhaul that witnessed many landmark reforms executed to Read more [...]
The food & beverage industry encompasses those companies that facilitate the production and manufacturing of various consumable food items. The ecosystem includes the facilities which transport, serve, or sell such edible products. This market predominantly consists of beverages & food manufacturing operations, catering, food joints, food transportation facilities, along with other closely related segments. Being a developing nation with a rapidly expanding population base, India is Read more [...]
After demonetization, the Indian government is pushing for digital and Unified Payments Interface (UPI) payments to achieve the much-needed digitization in financial transactions and accountability. The transaction through UPI generates payment track and it helps tax authorities to track transactions for all monitoring purposes including taxation. This is much needed to reduce the influence of cash in the economic system which helps economic planners to take the right decision.
UPI is a mobile Read more [...]
The launch of the new Agnipath scheme has ignited the flame of controversy about the selection and recruitment process of the Indian armed forces. Does short-term recruitment affect the effectiveness of the armed forces? Do these short-term recruits have the same kind of motivation and determination as to their counterparts? Are we the first ones to come up with this kind of recruitment model?
Conscription is a term connected with such short-term recruitment for military service. Conscription Read more [...]
According to the saying "If your neighbor gets laid off, it's a recession. If you get laid off, it's a depression," (courtesy - of Harry S. Truman). It is a fact that any drop in economic growth results in ripple effects in society. Recently, most of the countries had experienced a drop in economic growth due to the impact of Covid – 19. Technically, a recession is two consecutive quarters of negative growth in the gross domestic product (GDP) which was equally occurred in India also.
Thus, Read more [...]
Unified Payments Interface (UPI) is a mobile app-based payment system that brings multiple bank accounts to one platform. It results in an effortless funds transfer experience which is quite unique in the industry. UPI combines various banking services, smooth fund routing, plus merchant payments into a single mobile application (of any participating bank). It also handles "Peer Peer" collection requests, which can be scheduled and paid according to need and convenience.
UPI was introduced in Read more [...]
Digital payment or electronic payment is a transfer of funds from one account to another through a digital device. No physical exchange of money is involved in digital payment. Digital payment is completed with the help of a mobile phone, POS (Point of Sale), or computer, and a digital channel of communication. In digital payment, both parties use electronic mediums to exchange money. Payments made via bank transfers, mobile money, and payment cards, including credit, debit, and prepaid cards, Read more [...]
Spanish flu or ‘influenza pandemic of 1918’ has been considered a similar pandemic as we experienced in Covid – 19 in the recent past, per reports. Spanish flu was reportedly caused by the H1N1 virus, which has a gene of avian origin. The flu or its virus was circulating around the world between 1918 and 1919, according to media reports. It was identified in the United States, in the spring of 1918, among the soldiers in the beginning.
Letter carrier in New York wearing mask for Read more [...]
The foreign currency reserve is a metric to judge a nation's economic well-being. Any drop in foreign currency reserve indicates the falling ability of a country to pay for its critical imports.
Countries utilize their foreign currency reserves to maintain a fixed exchange rate for their currencies. China is an excellent example since its currency, the yuan, is pegged to the dollar. When China accumulates dollars, it increases the dollar's value relative to the yuan. This reduces the cost of Read more [...]