What is the creator economy? It is defined as the category of businesses that are built by over 50 million independent content creators, curators, and community builders such as social media influencers, bloggers, and videographers, in addition to the software and finance tools that are designed to assist these individuals with expanding their businesses and…
Neo-banks are revolutionising the financial technology industry as we know it by helping to close the gap between the services provided by traditional banks and the ever-changing expectations of clients living in the digital era. What are Neo-banks? Neo-banks are financial technology (fin-tech) enterprises that only conduct their business online or through mobile applications and…
Fintech is a relatively new industry in India, but it is expanding quickly because to a sizable market, a startup ecosystem that values innovation, and kind government rules and regulations. This young and vibrant industry is populated by a number of startups, while non-banking financial organisations (NBFCs) and conventional banking institutions are still catching up….
Should people invest in cryptocurrency? Cryptocurrency trading has taken the financial world by storm ever since its inception in 2009. Digital currency is fast gaining popularity in India as well. Recently, India was ranked second in terms of global cryptocurrency adoption, according to the 2021 Global Crypto Adoption Index by Chainalysis, a blockchain data platform….
Cashless society A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties. Cash is still the predominant method of payment in most European countries”, but its…
Gati Shakti National Master Plan What is Gati National Shakti Master Plan? In his speech, PM Modi pegged the project as a source of employment opportunities for the youth in future. “In the coming days, we will launch PM Gati Shakti Plan, a 100 lakh crore national infrastructure master plan which will make a foundation…
What Is a Carbon Tax? A carbon tax is paid by businesses and industries that produce carbon dioxide through their operations. The tax is designed to reduce the output of greenhouse gases and carbon dioxide, a colorless and odorless incombustible gas, into the atmosphere. The tax is imposed with the goal of environmental protection. Purpose The purpose…
e-RUPI – Pros & Loopholes | Pros and Cons What is e-RUPI? e-RUPI is a voucher-based digital payment solution. Under this system, the Government will send e-vouchers to beneficiaries of welfare schemes. For example, let’s assume a beneficiary receives a vaccination benefit voucher. In this case, the benefit can be availed of only by the…
Evergrande crisis What is Evergrande ? Evergrande, the second-largest property developer company in China is not in a position to repay its debt of $300 billion. The company is part of the Global 500 — meaning that it’s also one of the world’s biggest businesses by revenue. The Evergrande empire Chinese billionaire Xu Jiayin founded Evergrande in…
Sri Lanka economic crisis What is happening with Sri Lanka’s economy? Sri Lanka faces a severe crunch in its foreign exchange reserves, with only enough dollars to cover less than two months of imports. By the end of July, Sri Lanka had just $2.36 billion worth of forex, compared to $6.93 billion in August 2020….
End of content
End of content
