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Focus of India's Latest Rescue Package

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Indian Government has announced plans to assist Small and Medium Enterprises as a part of their Rs. 20 lakh crore ($266 Billion) economic package. This economic package is nearly 10% equivalent to 10% of India's GDP. Nirmala SItharaman, Finance Minister quoted certain measures which are announced in these few days with reference to the use and allocation of the package . Let's discuss them:- FM Sitharaman quoted "The measures will boost growth and build a self-reliant India. She further added that "The intention is to invest in local brands and make them world-class. It's about being isolationist or looking inwards, it's about a confident and powerful India that contribute to the world. This includes an emergency credit line of collateral-free loans worth $40 billion to safeguard jobs and reuse business activities in the wake of India's lockdown 4.0 to contain coronavirus. To infuse the much-needed liquidity into India's power dis...
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Can India boycott Chinese products completely ?

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Last month, When PM Narendra Modi in his address to the nation, gave a clear call for an 'Atmanirbhar Bharat', a message seemed to have developed amongst the masses against the products that we import. This expression was more specifically targeted towards our immediate neighbor, China- a country that has been declared guilty of spreading and even manufacturing the novel coronavirus. Not too far from the LAC (Line of Actual Control) in Ladakh, Sonam Wangchuk, engineer, innovator, and the inspiration behind popular Hindi film 3 idiots, took to social media platform to promote the boycott of all products made in China. Wangchuck's video crossed 20L views in two days but he went on to assert that these should be converted into something concrete that would bite the Chinese government. With all this in the air, the billion-dollar question that needs an immediate answer is how feasible is it to talk about insulating ourselves from the flooding of material from this global ...
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Neo Banks

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Gradually, Neobanking is becoming a buzzword in the financial tech, often called, Fintech Community. This term has gained its momentum since it is been taking the headline on the media and news. But, do we have insights on what it is all about. On a global level, the fintech industry is taken on a storm by Neobanks. We have been witnessing news players in the market every day whose primary aim is to simplify finance and services to a great extent. Now let us have a look on neobank in detail. What are Neo Banks ? A neobank is a tpe of digital bank that does not have any branches. Rather than being on a physical location, it is present entirely online. We can imagine it as a wide umbrella of financial service providers who serve todays tech savvy customers. Neobanks can also be termed as fintech firms that provide mobile friendly and digital solutions payments and money lending. Money transfers and more. These banks don't posses their own bank license but count on ban...
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