Fin-nomics

Darwinism of Financial Sector in India                                       -by Abhishek Maity   In India a lot development is underway in varied fields to achieve the goal of a self-reliant India and reaching the target of a 5 trillion U.S. dollar economy by 2024-25, currently the value of the Indian economy is around $3.1 trillion which implies that accomplishing the desired objectives will not be a challenging task though a few structural impediments still exist which need to be figure out. The most important is the finance sector as we know it performs the activity of allocating scare resources to the best possible usage in the economy. Though the Indian finance sector has grown at 15% in the past few years exhibiting stability as compared to the other Asian markets with a market capital...

 CRYPTO A FRIEND OR A FOE ?   The euphoria of investing in cryptocurrencies has been spreading like an enigmatic fire all over the world in the past two years. This had been a manifestation of the ultra-loose monetary policies followed by central banks all over the world to promote growth during the spread of Covid-19 virus, as of October 2020 roughly $2.59 trillion was released by the USA government to respond to the challenges inflicted by this infectious virus plus the excess amount of liquidity sloshing around in the Indian economy was around rupees 13lakh crore during the October and November 2021 period. Such amount of free cash ends up searching for the best asset class promising the highest possible returns. Cryptocurrency as per the Forbes Advisor is a medium of exchange that is digital, encrypted and decentralized which is based upon the blockchain technology.  Basically blockchain is a system for recording information in a way that makes it difficult to ch...