Important: Top 5 Emerging Banking Trends in 2017 You Must Know


The year 2016 was a turbulent and path-bearer one for the banks, stock markets and NBFCs (Non-Banking Financial Institutions). First the Brexit announcement in the middle of the year and then the dual co-incidence of Donald Trump’s victory followed by Prime Minister Narendra Modi’s demonetization scheme – have affected the banking industry to a certain extent for sure.

In November, once the Demonetisation decision of the old notes of higher denominations of 500 and 1000 INR was announced, people immediately went frenzy. The banks were instantly flooded with the currency notes of 500 and 1000 INR as both … Read more....

Demonetization in Venezuela Vs India


The Latin American country, Venezuela, has tried to ape India’s nation-wide note ban decision, but it had backfired badly following which President Nicolas Maduro was forced to postpone the entire decision until January 2 next month. The Venezuelan government took the decision last week on December 12, following which 100-bolivar note was ceased to be a legal tender.

But the sudden decision was bound to have violent repercussion in one of the world’s most violent countries. It led to massive protest across the streets of Caracas and other cities messed up further by violent protests and complete chaos. The … Read more....

Cashless Economy: What about these 600 million people


600 million Indians don’t have bank accounts in India.

Even before demonetisation, Prime Minister Narendra Modi has laid emphasis on a digital Indian economy. This idea of digital economy has become even more obvious with shifting focus from the problems faced by the poor due to cash crunch to the future that can be through digital economy.

History of cashless economy

The first country to push cashless economy is Denmark along Norway and Sweden. Among others, Australia, UK, South Korea is also pushing for cashless society.

What’s wrong with cashless society?

Today, we live in a world that is … Read more....

Top Rumors on Demonetisation

Did you know that your 2000 rupee notes were capable of getting charged?


Don’t worry if you don’t because the day new 2000 rupee notes came into the market, fake news and rumors have spread like wild-fire. Some said that notes can be charged and some said that they can be tracked meters inside the ground.
Here’s a look at the rumors that shocked many and made many others laugh.
1. The 2000 rupee note has a nano chip
Sweta Singh of Aajtak confirms this news below by describing very nicely how your tacked 2000 rupee notes can be … Read more....

Is 2000 INR New Note Usable in Today’s Crunched Economy



Following the Indian government’s bold step to demonetize the old notes of 500 and 1000 INR, it was expected that the government and concerned authority must have some ready solution to tackle the cash chaos. But even after three weeks of the decision, the situation is still problematic as people still stand in queues and thronging from one ATM to another in search of liquid cash.

Some get succeeded to withdraw money from the machine while some don’t. Amidst the prevailing nationwide cash crunch, the RBI has introduced the new purple colored 2000 INR note on November 10 this … Read more....

Is India’s GDP expected to fall Post Demonetization Scheme?



Before proceeding with the discussion on the short term and long term ramification of Prime Minister Modi’s demonitisation move to ban 500 and 1000 INR currency notes, we need to understand that India is still a developing economy with most of the transactions take place through liquid cash.

Not all people in India are included in the banking system. Probably that’s the reason why “Jan Dhan Yojna” initiated by the central government saw a whooping participating of such a huge chunk of people.  The government can definitely take a credit for the same, but it also brings India’s stark … Read more....

Business down by 40% – Transportation Afflicted by Demonetisation



Raja Angam (68) has been an auto driver since 1978. “After years of hard-hitting savings I brought an auto in 2010, but because of Ola and Uber I could hardly earn Rs. 500 and now that the government has demonetised Rs. 500 and Rs. 1000 notes, I have to drive for 16 hours to earn as low as Rs. 300,” he told dismally.

The decision of demonetisation in a speech by PM Narendra Modi on 8th November has afflicted Raja Angam and many alike. From auto rickshaws to pick-up vehicles, demonetization has comprehensively taken a toll on the … Read more....

How Can We Manipulate our Fundamentals




One of the things that differentiates human beings from other species is our extraordinary capacity to learn. We are always picking up new things and correcting earlier errors.

But there is one area where it seems so hard to acquire new knowledge and change, emotional life.

Its when we are very small children, between our first day and later in adolescence , that our emotional hard drives are encoded. Its in this period we learn whether we can trust, whether we like ourselves, whether we can be open, where blame belongs, what to do when world hurts us, … Read more....

Demonetisation – Enemy to a Daily Wage Laborer



PM Narendra Modi has strongly appreciated his government’s promise to tackle ‘black money’ by through his demonetization drive. What he and his party members have failed to notice is the plight of a daily wage laborer.
A daily wage laborer is a person who lives hand to mouth through his daily earnings. India is the capital of daily wage laborers and Modi’s demonetization drive has pushed their life further back into a mess.
Imagine daily wager spending his entire day standing in line of a bank, if and only if he or she has a bank account. In India, … Read more....

Is War and Hatred an Intelligent Solution to India Pakistan Crisis?



The creators of Indian Constitution and the founding fathers of the Independent India knew that partition was not going to solve the problems of conflict that arose due to Hindu Muslim divide. Yet, they thought that it is the best step towards peace in the country. People will forever blame Gandhi for his decision of allowing this to happen, but can we really look beyond what has happened and see if war is the only intelligent solution to conflict between India and Pakistan and if not, then what else can bring peace to this ever growing problem of Kashmir … Read more....