Tag Archives: Business Consulting

Unified Payments Interface payment and its Growth – UPI Transactions and Growing Accountability in Financial System with Payment Digitization

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 [...]

Growing Digital payment in India and Its Benefits. Types of Digital Payments in India

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 and Covid- 19 –Similarities of 1918 Flu and Covid – 19 – Interesting Anti-mask Protests of Spanish Flu and Covid – 19

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 [...]

FOREIGN CURRENCY RESERVES AND ECONOMIC STABILITY – BUILDING UP FOREGIN CURRENCY RESERVES AND ITS BENEFITS

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 [...]

The Bitcoin Rollercoaster: De-mystifying the Myth – Cryptocurrency Market Capitalization – $2.24 trillion in January 2022

Cryptocurrencies have lately been the most popular asset to be exchanged throughout the exchanges. The asset has garnered attention despite its ambiguity and volatility. The key reason is its independence from the physical world, which makes the asset resistant to any political, economic, or environmental changes in the international community. Of course, security and profit are also the major components that enable the growth of Bitcoins. The maturation of the asset has attracted institutional investors, Read more [...]

What is Two-pillar Solution to Tax Challenges Arising from Globalisation – Impacts of Digitization in the Global Economy

On 8 Oct, a group of 136 nations covering 90 % of the world economy agreed to the OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) after months of negotiations. The framework provides a two-pillar solution to address the tax challenges arising from the digitization  and globalisation of the global economy and prevents a race by countries looking to slash tax rates to attract investment. Digitization and globalisation have had a significant effect on economies and people's Read more [...]

What are the Causes of Chip Crisis – How it Can be Mitigated

The chip shortage has caused much disturbance among the industries since they struggle to meet the increasing demand of electronic products and components.  As of now, the companies are adjusting in their own ways, and most do not expect a resolution any time soon. The chip scarcity as an industry-wide issue that may not be addressed until at least next year, if not 2023, according to market research data.  Chip demand is very strong, and there is no reason to anticipate a sudden oversupply Read more [...]

Lessons to Learn from SRI LANKA Economic Crisis – Causes and Remedial Action

The recent drop in the Sri Lanka economy is an interesting topic to analyse. The country has faced huge forex reserves are depleting, resulting in currency depreciation, inflation, and a supply crunch.  Due to the supply shortages, people are waiting outside shops to stock up on essential goods.  The unexpected surge in demand and panic purchasing has resulted in rising prices.  This prompted the Sri Lankan government to declare an emergency, which allowed authorities to confiscate goods and determine Read more [...]

Recent Chip Crisis and Its Impact in Major Industries – Importance of Chips in Industries

Semiconductor chips widely now as the new oil or gold are made of silicon, which is a strong electrical conductor.  These chips are incorporated into microcircuits, which power wide range of contemporary electronic products and components.  These semiconductor materials are used in all active components, integrated circuits, microchips, transistors, and electronic sensors.  With technological advancements in many industries, semiconductors are literally the "heart" of billions of goods ranging Read more [...]

National Monetisation Pipeline and Privatisation of Public Assets and Brownfield Projects– What is Brownfield and Greenfield Projects

"National Monetisation Pipeline" (MNP) project is a new term coined recently.  For general public, it is a new term much after the word “Demonetization” which had generated much flutter in the society those time. Let’s hope that the word “Monetisation” as the name sounds does not freeze currency or asset but let will release the potential of idle resources. The "National Monetisation Pipeline" is supposed to bring 6 trillion INR to economy.  The government's goal is to unlock value Read more [...]