Important Concepts

Value migration in very simple terms is ‘Shift in businesses (Revenue/Profit/etc.) from one company/industry/country/etc. to another due to change in business models that satisfies the need of customers most important priority in very efficient and low cost way. So, when customers switch their Bank Accounts from Public bank to Private bank, it is termed as […]

When economy comes at standstill (Like lockdown): Central Government’s Loss: No GST, No Custom Duty hence very less revenue to government. State Government’s Loss: No Stamp duty on sale of property collection, No VAT income on petrol/diesel, No tax income on sale of Alcohol. So, to keep the economy moving, the government needs to spend

If you want to improve your odds of success in life and business, then define the perimeter of your circle of competence, and operate inside. Over time, work to expand that circle but never fool yourself about where it stands today, and never be afraid to say ‘I don’t know. Farnam Street’s Blog (fs.blog) Sounds

The money which is owned by someone else but it is in our possession (i.e. with us) and needs to be repaid back without any interest or costs attached to it, is the money we say as Other People’s Money (OPM). In simple terms, we received from Mr. A Rs. 1,00,000/- and after a year

Background First: India has history of deregulating interest rates and amongst others one such instance was on 25th October, 2011. It was 2nd Quarter Monetary Policy Review by RBI, 2011-12. Deregulating interest rates means now RBI will not interfere on what interest rates the bank will charge and banks are free to determine their own