Non-banking finance companies (NBFCs) form a vital part of the Indian financial system. They play a significant role in nation building and financial inclusion by complementing the role of the banking sector in reaching out and extending credit facilities to the unbanked sections of society. NBFCs have scripted a spectacular success story in the history of the Indian economy. Their contribution to the economy has grown from 8.4% in 2006 to over 14% in March 2015.

Let me begin with a story.

There was once a Monk who had through his Master, learnt everything that could be learned. He memorized all the Scriptures and all the science available in his time. He became proficient in them, he became a great scholar; his fame started spreading all over the country.

What is Fraud?

A. An act which is intentionally misleading the organization and / or performing actions / activities which cause potential damage to the organization.
B. Fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.

A fraudulent act not only results (potential damage) in financial loss to an organisation but also causes reputation loss, which is more grave in nature.

alapad: A fully e-literate village in Kerala

Post demonetisation, the government launched the Digital India programme and various other policy and implementation measures to make India a less cash dependent country. In tandem with these government initiatives, a variety of private initiative for less-cash transaction facilities were also promoted to ease small ticket daily transactions in cashless ways. One such mode of cashless transaction is the Digital Wallet.

What is Digital Wallet?

Summary:
With investment in the equity markets being the flavour of the month, perhaps this is the right time for a gentle reminder why gold continues to be a relevant investment option and not be relegated to an afterthought.
 
Gold in India

Bitcoin is the new currency and Bitcoin mining and trading is the new passion for speculators. This crypto-currency has seen a large growth in demand in the past few years. Though the RBI has expressed some concern regarding the security of Bitcoin, this currency has generated curiosity resulting in more and more people jumping on to the bandwagon.

On November 14, India celebrated Children’s day and also marked the World Diabetes day. In 1922, Frederick Banting discovered insulin and today we acknowledge his work by spreading awareness about diabetes on his birthday.
 

Now that 2018 is here, it is time again to take a look at gold prices, how they have moved in the year gone by, and what is likely to happen in the current year. Making predictions about gold prices is never easy because unlike other commodities where prices are driven by demand and supply, gold is also ultra-sensitive to international economic and political trends of the day. And that is why predictions by experts and industry insiders about where gold is headed often turn out no better than the layman’s stray opinion.

Up until the end of January 2018, stock markets around the world were scaling new heights and setting new records at regular intervals. In the US, the Dow Jones Industrial Average set a record when it closed at 26,616.71 on January 26, 2018. In India, the BSE Sensex set its own closing record at 36,283.25 on 29 January, 2018.