RBI’s new QR Code Rules According to RBI’s latest rules, all QR codes have to be interoperable which means that the merchant might have a wallet/payment app of a certain payment app, it’s QR code will accept payments from all kinds of payment apps used by customers. RBI's Aim: To ease the friction and enable … Continue reading RBI’s new rules for QR Codes and why they matter
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Property rights are the bedrock of modern capitalism. If there is something which one has produced, one has the right to control how it is used by others. One should be able to commercialise it. This extends to intellectual property rights. Bill Gates in the early days of Microsoft had voiced his opposition to open … Continue reading Open Source Business Model
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
A group of 7 major Central Banks including USA's Federal Reserve along with Bank for International Settlement have teamed up to decide how a digital currency would look like. What is a Central Bank Digital Currency (CBDC) ? It's a digital equivalent of cash.Just like normal currency, it gives the holder a direct claim on … Continue reading Central Bank Digital Currency (CBDC)
1. So what are the reforms Parliament has passed three bills. The one area these legislation address is removing the monopoly of APMC Mandi in agriculture trade. We saw in the first part of this two part series how a farmer in Solapur, Maharashtra is shortchanged as he goes to a Mandi to sell his … Continue reading Agriculture reforms. The way forward..
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
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.
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
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