Tag Archives: Analytics

Digitization

Top UPI Applications and Total Addressable Market in UPI Transactions – Growing UPI Market and Digital India

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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 [...]
Business Consulting

Agnipath Scheme – Conscription and Short-Term Services in the Military

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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 [...]
Business Plan

Business Models Change during Pandemic 2019 – 21 in India – New Focus Areas are Digitization, Remote Labour, Artificial Intelligence, and Machine Learning

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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 [...]
Business Research & Analytics

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

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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 [...]
Business Research & Analytics

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

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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 [...]
Business Consulting

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

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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 [...]
Data Analytics

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

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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 [...]
Digitization, Uncategorized

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

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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 [...]
Business Plan

Components of Solar Rooftop System and Types of Rooftop Solar Power

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Solar PV rooftop systems are known for its ease of installation, low maintenance, and longer lifetime. The systems are financially viable with a decent return of 15% according to project reports.  Rooftop Solar PV has huge potential, and the government policies and regulations are already in place to promote large scale deployment.  Rooftop solar comes as grid based and off grid. Rooftop solar falls under Grid-based when the rooftop consumers are connected to the larger grid that is owned by Read more [...]
Business Research & Analytics

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

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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 [...]