Abhishek N Jain

Direct to Consumer (D2C) Business and Case of Dollar Shave Club

Direct to Consumer (D2C) is a business strategy where a manufacturer or the consumer packaged goods (CPG) directly sells to the consumer. It bypasses the traditional business model of selling through Distributors/Retailers or resellers. The ability to engage directly with customers using the internet is a major enabler for D2C brands. It removes the traditional … Continue reading Direct to Consumer (D2C) Business and Case of Dollar Shave Club

Abhishek N Jain

Agriculture reforms – 1. What happens when a farmer goes to APMC

Government has announced APMC reforms. I decided to speak to some farmers from Solapur district in Maharashtra to understand how the trade happens under APMC. This is part one of a two part series where we try to understand what's wrong with the present structure and what can change with the reforms announced. APMC Act … Continue reading Agriculture reforms – 1. What happens when a farmer goes to APMC

Abhishek N Jain

Explainer: Foreign Exchange Reserves. Also what is pegging of Currency or Fixed Exchange rate.

Let's say an exporter has received payments for its exported product in dollars. The exporter will go to his local bank and exchange those dollars for rupees. The local bank will go to the RBI (which is India’s Central Bank) and exchange those dollars for rupees. The Central Bank will print an equivalent amount of … Continue reading Explainer: Foreign Exchange Reserves. Also what is pegging of Currency or Fixed Exchange rate.

Abhishek N Jain

Gas Exchange

Indian Gas Exchange (IGX) - India’s first Gas exchange was launched in June, 2020.It is a digital trading platform that will allow buyers and sellers of natural gas to trade both in the spot market and in the forward market for imported natural gas across three hubs —Dahej and Hazira in Gujarat, and Kakinada in … Continue reading Gas Exchange

Abhishek N Jain

Basics of Financial Statements – 1

Accounting is the language of Business. It's about recording all the business transactions. Transaction is the business activity where exchange is involved. Large Businesses like Reliance will have thousands of business activities. There is need to record, classify and summarize the activities. Therefore, accounting is about recording, classifying and summarizing the activities. The goal of … Continue reading Basics of Financial Statements – 1