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,…

Why one ‘equals to’ sign can disrupt the e-banking industry

Today we see changes in banking our parents could not fathom in their times. NBFCs are the big things now, with RBI having given 11 companies the license to operate as payment banks. E-wallets have suddenly turned our mobile phones into well; wallets. Cryptocurrency is now a thing, with Bitcoins being a favourite to trade in the currency…

Rising NPA, pose a threat to the Indian Banking Sector

In economic and commercial parlance Banking is the kind of business different from others. In general terms, it is accepting and safeguarding money owned by the individuals and the entities and then lending out this money to earn profit. Banking Institutions should judiciously combine two distinctly different functions: one as a public trustee and the other as profit…

NPA: Bad loans delinquent evolved

Non-performing assets (NPA) is one of the major defies facing the global banking system and mainly the Indian economy. The current issue of intensifying bad loans on the books of PSU banks first caught the attention in the early 2012 when a spurt, especially in their restructured standard loans happened. Slowly and gradually NPAs have caused serious damage…

To live a creative life, you must lose your fear of being wrong

Will people think I am simple-minded individual or are they going to laugh about my opinions? Will they totally judge me if I present my thoughts in front of them? Am I going to be the one who will be judged and never accepted? These are some silly thoughts we get in our mind before answering any question…