Disinvestment: Away from business

It is not the government’s business to be in business.

These announcements in the budget are a fillip of the Prime minister’s philosophy.

  1. Asset monetization of Air India, BPCL, Container corporation of India, Pawan Hans and IDBI bank among others in the coming financial year.

3. Government to sell its stake in LIC through an IPO.

The union budget for the year 2021–22 proposed by the Finance minister Mrs. Nirmala Sitharaman on 1st February backed the Prime minister’s philosophy to get the government away from businesses.

Explaining the Budget 2021 | This time let’s look into what is this Atmanirbharta that government is so much bragging about and by the way, you have to get your cars checked every 20 years from now. So head on to read below…

Atmanirbhar Bharat

The Made-in-India tablet replacing the traditional bahi khata spoke enough for an Atmanirbhar Bharat this Budget session. While we have been aiming consistently at “purna atmanirbharta of Bharat” since last year, the Budget for FY2022 only emphassises its priority and importance.

Have a quick look at the layout for the same:

“Price is what you pay and value is what you get”.The existence of a gap between the value of a product and the actual price can be seen in any settings that include negotiations: markets, auctions, and even when bargaining for compensation packages. It is this gap that marks a good product from rest.

A multitude of companies have emerged that offer consumers to create and design their own products, such as T-shirts, coffee mugs, greetings etc. Local Motors even offers the unique experience of being involved in the assembly of one’s own automobile. …

In the last three years, numerous financial firms have collapsed in a row. Remember the catchphrase which said, “PMC bank holders get a hell of a shock!”? Well while the lessons from PMC did help RBI save HDIL from near-bankruptcy, yet another corporate bank, YES bank collapsed owing to bad loan, lack of investment, overflow of liquidity and Modi government’s mishandling of the economy. Similarly, recall when PNB filed multiple criminal cases against Nirav Modi and associates? And just like that in 2019, the second-largest public sector bank had slumped. …

Well, well, well …… Putting Joe Biden in the Oval Office, it’s the Democrats with the triumph! The fierce yet amusing rivalry between the donkey and the elephant kept the world on its toes for days.

“Will you shut up, man?!”

“You graduated one of the lowest in your class, don’t use the word “smart” with me…. you’ve done nothing in 47 years” and much more of name-calling and feisty lines! These debates are going down in history for sure.

For many out there wondering what US’s elections might possibly have to do with India, let’s have a look at…

“So, would you rather earn ₹90,00,000 and escape taxes or earn ₹1,00,00,000 and give 10% of it as tax? Did you notice the money in both cases is equal?! Now try to reason out your preference. Trouble reaching out to a conclusion, here’s FEC at your rescue!”

So, would you rather earn ₹90,00,000 and escape taxes or earn ₹1,00,00,000 and give 10% of it as tax?

Pretty obvious huh, the first one! After all, if there is an option to avoid taxes, which idiot in the world would not choose that! But evidently, both scenarios make you end up with…

In this widely diversified world of career options, along with seeing a decline in enthusiasm in engineering and medical courses, there has been a stark increase in interest in the field of economics & finance and for people aspiring to make a career in this industry, the CFA exam stands one of the most popular choices till date.

About the Exam?

CFA, short for Chartered Financial Analyst is designated as one of the highest-ranking credentials for investment professionals, especially in the areas of research and portfolio management. …

By Harsh Kedia (https://www.linkedin.com/in/harsh-kedia1997/)

“Two roads diverged in a wood … I took the one less traveled by, and that has made all the difference.” — Robert Frost

By the time 3rd year had begun, the internship fever was already high, and naturally, I too entered the rat race. I started competitive coding abruptly with no plan, track, or roadmap ahead. Things ended the way one could imagine, I failed to bag an offer.

Gradually, I started scrambling through pieces of different Investment Bank Internship offer letters and researched what verticals these banking companies hire in, and I was surprised…

Between all the fuss of crude oil prices going negative, one question is bound to arise — Why is the price of petrol not getting low in India?

Oil affects the supply chain of every commodity in one way or another. So, shouldn’t the massive fall in price help our pockets in this time of unprecedented crisis? It can help us directly by lowering the prices, but the Government does not let it happen. Why so? Lets try to find out the reason.

Inside The Monday Fiasco

Oil has been a matter of grave concern for major world economies and…

FEC Alum talks is a “podcast in-text” where interviews with IITG alumni are recorded and the content is shared in the blog. They mainly focus on the lives of alumni in who’s life finance and economics play a major role.

Sudhanshu: Hello Madhur bhaiya! You’re one of the founding members of the Finance and Economics Club, IIT Guwahati. It’s a pleasure having you on call. It’ll be great if you could briefly introduce yourself to our readers.

Madhur: Hi, my name is Madhur Bhattad. I graduated from IIT Guwahati bachelors in mathematics and computing in 2017. I did masters in…

Finance and Economics Club IITG

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