DEMONETIZATION – THE REALITY

Since past few weeks, the citizens of India have been much busier than ever because of one of the most shocking move of 2016 related to the country’s economy which was the implementation of Demonetization on 8 th November 2016. This step of Demonetization meant that all the notes of Rs1000 and Rs500 will not…

DEMONETISATION: TSUNAMI ON THE INDIAN ECONOMY

Demonetization hit the subcontinent like a tsunami leaving population of 1.3 billion with 201861 non-working atms and worthless pieces of paper .it is the act of stripping a currency unit of its status as legal tender. Government’s move to phase put 500s and 1000s is its sustained focus on eradicating black money from the economy which runs as…

Happiness is not very good for the economy

For centuries, mankind has been made to believe that business is good. Good for survival, good for the economy, good for evolution and the bottom line; good for us, the people. But is that the whole truth? Certainly not. Regardless of what we are taught from our childhood about business bringing innovation into our monotonous…

Whoever may win this election but America will loose

While there is a lot of frenzy , media coverage , prediction of outcomes, sophisticated models , all trying to predict the outcome of this historic election . We are losing sight of what or who really matters . What will be the fate of millions of Americans and the state of the country after…

Since it’s world mental health wellness week.

Quit looking over your newsfeed and determining the status of your companion’s accomplishments. Some might be acknowledged into a prestigious school, some may have become subsidized, somewhere in the range of a lucrative occupation and so on. On the off chance that you begin contrasting yourself with every one of them will undoubtedly experience the…

Can humanity survive?

We as individuals have learnt to regard a great deal of things like cash, force, power and we have gone so far as to accord more respect for some picked creatures however we as people have neglected to regard ‘humankind’. Death is inevitable; yes it is! Yet certain passings are clamorous, chaotic and they tear…

Ten reasons to take part in MUNs A go-to top ten list from a religious MUNer

Overcome your fear of Public Speaking – A lot of people are scared of public speaking. A Model UN is a platform for people to hone their speaking skills, especially helpful for extempore. It helps develop a complete personality and stimulates growth of self-confidence. Teamwork – Working with your delegation or bloc members helps you develop…

Implementation Of IFRS (International Financial Reporting Standards)

IFRS, International Financial Reporting Standards are designed as a common global language for business so that company accounts can be understandable and compared with respect to international standards. It has began from European Union and has spread around the world. Currently about 130 countries have adopted IFRS. India has chosen the option to converge its existing accounting standards with…

Implications Of Implementing IFRS (International Financial Reporting Standards)

IFRS or international financial reporting standard aims at harmonization of corporate reporting for companies across national boundaries. The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. IFRS has helped in improving comparability of financial…

RBI’s Take on NPA situation

Indian economy is witnessing rise in stressed assets of the Indian banking sector and Reserve Bank of India (RBI) brought out a discussion paper on how to tackle the problem. The problem is severe among state-owned Public Sector banks.  RBI has listed certain necessary steps for resolution of the problem of NPA and also fair recovery…

IFRS International Financial Reporting Standards

IFRS originated in the European Union with the intention of making business affairs and financial accounts accessible across the world.International Financial Reporting Standards (IFRS) are a set of international accounting standards that state how some particular types of transactions and other events should be reported in financial statements. It is issued by the international financial standards board,…