1. The New Definition of MSME

    The New Definition of MSME


    Let us discuss about the new definition of MSME – turnover for the definition of MSMEs

    MSMEs won't be characterized by investment anymore.

    Union Minister Nitin Gadkari said in October 2019 that the revised definition of micro, small and medium-sized enterprises may grant a unified description of all tax, investment and more.

    The changed description was to be implemented through an amendment that would further refine the Indian business scenario. Union Cabinet had approved the amendment to change the criteria for classifying MSMEs from "plant and machinery investment" to "annual turnover."

    Finance Minister Nirmala Sitharaman added the additional turnover concept alongside the expenditure on 13 May 2020.

    MSME d

    Read more »
  2. Payment Wallets in India

    Payment Wallets in India


    Lets discuss about the Top 5 Digital Wallets in India

    Mobile wallets or Digital wallets (e-wallets) refer to a device or service allowing you to execute electronic monetary transactions. Cashless money transaction payments can be made via a Digital Wallet. And your digital wallet can also be connected to your cell phone number.

    India's numbers of digital wallet users have increased phenomenally. The nation is progressing slowly towards becoming a cashless economy. A Digital Wallet or Mobile Wallet (e-wallet) allows it simpler by allowing you to transact instantly and conveniently.


    Here Are the Top 5 Digital Wallets in India

    1) PayTM:

    Read more »
  3. Reforms in the Banking Sector India

    Reforms in the Banking Sector India


    Let us discuss about the Reforms in the Banking Sector India

    The Finance minister Nirmala Sitharaman said that foreign portfolio investor (FPI) caps on corporate bonds would be raised from the existing 9% to 15% of outstanding stocks.

    A clean, reliable and flexible financial sector is essential to achieving India’s vision of becoming a five-trillion economy over the next five years, Finance Minister Nirmala Sitharaman said Saturday.

    "The financial system should begin to grow and shift from strength to strength," she said when discussing Parliament's 2020-21 Union Budget.

    In order to access private capital, Mrs. Sitharaman suggested the selling of the IDBI Bank's government balance sheet to individual, retail and institutional investors v

    Read more »
  4. US China Trade War

    US China Trade War


    US China Trade War- The world's two largest economies have been involved in a bitter trade battle.

    The dispute has led to US and China imposes tariffs on hundreds of billions of dollars worth of one another's goods.

    US President Donald Trump has long accused China for following unfair trading practices and intellectual property theft.

    There is a perception in China that America is trying to curb its rise as a global economic power.

    • The US-China trade war in charts
    • US-China trade war: 'We're all paying for this'

    There are ongoing negotiations but have been proven difficult. In January, the two sides mutually agreed and signed a preliminary deal, however, some of the

    Read more »
  5. How to perform Digital payments

    How to perform Digital payments


    Let us discuss about various Digital Payment Methods in India

    The government aims to create a digitally enhanced country, with the goal of rendering India digitally sound and holding the agenda of Modern India alive. The government has encouraged digital payments that have many forms and styles to render the economy 'paperless, faceless and cashless'. Some digital payment methods are already popular among people such as using debit/credit cards, mobile wallets, internet banking, UPI, etc. with easy access from anywhere, digital payment methods are fast and convenient. So it does a transaction in no time, speeding up the cycle. Digital payments gained acceptance when citizens were cashless within a night and became common after demonetization. It took time for new currency rotation and people were obliged to use digital methods of payment. Digital payments refer

    Read more »
  6. Future is Digital

    Future is Digital


    Digital future refers to the thought that each one business can operate digitally within the future.

    There are numerous reports available which determine the digital future of business.

    But what does digital future entail until it is a pointless buzz word.

    Commencing at the edges. The digital future is a world of what Microsoft terms 'environmental computing.' Just as customers today are actively linked, so will companies work the same way in the immediate future?

    First, as in banking and financial services, shopping, telecommunications, and tourism, every other company is creating a digital future focused on a connection with any client that is still linked. All businesses understand that they have to deliver a tailored

    Read more »
  7. Post-Covid-19, the world will change

    Post-Covid-19, the world will change


    Lets discuss about the changes that will happen Post-Covid-19

    The State is back, and how!

    Therefore, the post-coronavirus world will need a strong, efficient State that enjoys the confidence of its people.

    Social Safety Net for the poor

    It is expected that the economic effects of coronavirus disease would be massive and devastating. Inequalities within countries were still expanding at an unprecedented pace before the crisis. All the Covid-19 epidemic has achieved is to illustrate the appallingly unfair manner in which the virus impacts the wealthy and the not so privileged. That is as true in affluent countries like the US, where the Blacks are adversely impacted, or even in a world like ours, where we have seen foreign workers put in pain. Now we are thinking of a modern democratic contract.

    It would be up to most states in the

    Read more »
  8. Benefits of Pradhan Mantri Matsya Sampada Yojana

    Benefits of Pradhan Mantri Matsya Sampada Yojana


    Let us discuss about the Benefits of Pradhan Mantri Matsya Sampada Yojana

    The aim of the plan is to strengthen or enhance horticulture, modernize handling and abatement agrarian waste and to utilize the potential in the fishery area. The administration proposed the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in order to build a powerful fishery board structure and scan for any loopholes in the worth chain. Government has clarified that ‘Blue Revolution’ or ‘Neeli Kranti’ has a possibility of achieving the primary spot on the planet in fish creation. It incorporates MoFPI’s plans, for example, Food Parks, Food Safety and Infrastructure.

    Implementation of the Scheme

    The government has drafted a plan of spending Rs. 6000 and is required to hold speculati

    Read more »
  9. Aatmanirbhar Bharat

    Aatmanirbhar Bharat


    Economic Package Aatmanirbhar Bharat: How much does it actually cost?

    Analysis by banks and investment houses reports that the fiscal cost to the government of the 'Aatmanirbhar Bharat' plan would be nearly 1% of GDP. BOOM looked at HSBC, Jefferies, SBI, Barclays and Deutsche Bank analysis findings to see that they all estimated the value of government expenditures about 1%. According to the Ministry of Finance, the total value of the kit is around 20, 97,053 Crores or approximately 10 percent of GDP. Finance Minister Nirmala Sitharaman announced the overview of the Rs 20 lakh Crore plans to the public Sunday. After the program was launched, several analysts have debated the true extent of real government funding. Recall that the umbrella program subsumes past acts by the Indian Reserve Bank and the recently launched program of 1.7 lakh Crore and certain ancillary allocations by the government.

    Read more »
  10. Opportunities during Covid 19

    Opportunities during Covid 19

    Let us discuss about the Opportunities during Covid 19

    There are a lot of dark sides to the coronavirus pandemic. People around the world are getting sick and dying, schools are closing, the healthcare system is overloaded, employees are losing their jobs, companies are bankrupt, stock markets are collapsing, and countries have to spend billions on bailouts and medical assistance. And for all of us, whether directly hurt or not, Covid-19 is a huge stressor shaking our psyche, triggering our fears and uncertainties.

    No matter how grim and tragic it is all, there are always upsides. So, along with the Monty Python song, "Always look on the bright side of life," let's not forget about it and make the best of what the crisis gives us. As the good old SWOT analysis shows, there are not only threats, but also opportunities. With opportunities I don't mean

    Read more »