The Government of India and RBI have taken significant steps in the last few years to achieve financial inclusion. The Jan Dhan Yojana, the Digital India initiative, launch of payments banks and small finance banks have contributed in improving the reach of formal financial services to hitherto unbanked population...
Agriculture is the social, cultural, political, and to an extent economic backbone of India. The Indian farmer is rightly valorised as the bulwark of the Indian system. So when the same farmer finds no light at the end of the tunnel, and chooses to end his life rather than...
Zuckerberg may be on trial in the House of Congress since the tenth of April, however the basis of the accusations laid against him are farcical - this is why. The data that any net user generates via their browsing activity is stored locally in their browser histories, but...
Till 31st March 2018, India witnessed many economy shaping events. InvestXP brings to you, in no particular order, the 10 most impactful events that influenced the market and economy in the financial year 2017-18. Implementation of Goods and Services Tax: After a lot of buzzes, the GST was rolled out...
"Some of the brightest minds in the country can be found on the last benches of the classroom" While the scientist-turned-former President APJ Abdul Kalam quoted his thoughts somewhat like this but he would have been astonished to know had he been alive that of all the illiterate women in...
“India is a poor country” has become a refrain and an excuse for any political, social, and of course, economic shortcomings that we come across. It's also something we at InvestXP have touched upon previously. Why are unemployment and illiteracy rampant? Why is voter bribing and the prevalence of ‘freebies’...
RBI intervenes in the wake of PNB fraud The Times Of India reports on the 14th of March, 2018 that the Reserve Bank of India will ban the use of Letters of Understanding and Letters of Comfort. This is to serve as a countermeasure in the wake of the 12,700...
“Is India really poor? Where are the statistics?” One-third of the world poor live in India. Yes, you read that right. It’s a damning statistic. India, home to over 132 crores people, is the second most populous nation on earth, with a large part of their population living below poverty line. Erstwhile,...
Unemployment Gauged Our nation is in the severe grip of mass unemployment and there doesn’t seem to be any easy way out. To put things into perspective, we have 31 million unemployed citizens, which is almost the population of Canada. Perhaps even more worryingly, according to an OECD report (Organization...
Many business owners run in the other direction when asked to think of a budget. That’s because they think making a budget is a complicated exercise that will require having a financial professional guide you every step of the way. A budget not only helps in keeping track of your...