UPI – India’s Digital Kohinoor

Unified Payments Interface, popularly known as UPI, has undoubtedly become India's most popular payments system. Launched in April, 2016 by NPCI, UPI is an immediate real-time mobile payment system, regulated by RBI. UPI connects multiple bank accounts with a single mobile application, that allows users to make immediate payments round the clock. UPI works on [...]

Why YES was a NO?

The Bank which said YES to all the borrowers was finally compelled to say NO to all the depositors. The RBI on 5th March 2020, imposed a moratorium on YES Bank and restricted withdrawals up to ₹50,000 for all its customers. Next day, shares of so-called India's 4th largest private bank hit an all-time low [...]

RBI: (Un)Puzzled

We all have solved some kind of puzzle in our school/college days or even during our working careers. If it’s an easy puzzle to crack we would very well do it in a handful of minutes. But, if you come across a tricky one you can’t have the same approach as the former. It will [...]

Manufacturing of tricolour

This republic day, you will definitely be witnessing a flag hoisting ceremony whether in person or on television. However, have you ever wondered how these masterpieces are manufactured and who manufacturers them? Interestingly, there is only one organisation in our country who has the license to manufacture the authentic cloth tricolour. Karnataka Khadi Gramodyoga Samyukta [...]

Infrastructure v/s Index

Almost a week ago, the Modi Government announced a mega infra push of INR 102 trillion to reinvigorate growth in the so called “world’s fastest growing economy”, which apparently is reeling under a severe slowdown. We all will agree that the quantum of money is humongous. If implemented smoothly it will have a positive impact [...]