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

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.

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

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

Basics of Accountancy: Debit and Credit Approach – 1

https://www.youtube.com/watch?v=RieLX3-Uaug&t=23s Basics of Accountancy: Debit and Credit Approach - 1 There were three friends Rancho, Raju and Farhan. They dropped out of engineering college to pursue a business idea. Their idea was to buy T-shirts from wholesalers and sell them on the beaches of Goa to tourists. They estimated that they would require a capital … Continue reading Basics of Accountancy: Debit and Credit Approach – 1