Editor’s Blog

Shaken or Stirred

Reported by | Updated: June 23, 2020

With regards to the coronavirus, there are plenty of discussions happening at various levels – the level of individual, family, company, city, country and even global level. However, I see very little discussion at mankind level. Mankind has been conquering thing after thing ever since the mastery over fire, wheel, language, etc. Mankind has progressed […]

New normal is ‘next normal’

Reported by | Updated: May 2, 2020

McKinsey and Co, in superb research paper, has described the new normal that will emerge post COVID-19 as the ‘next normal’, and predicts that there is bound to be dramatic restructuring of the economic and social order, severely impacting both the society and the business. The consultancy has also prescribed a 5-stage strategy to take […]

The Biggest Risk

Reported by | Updated: April 1, 2020

While many risks stir up the market, the coronavirus has shaken it, and shaken it badly. Not just the market, but the entire world’s economy. Not just the economy, but tourism and education and conferences and parties and everything else. I would not be surprised if next we hear of elections being affected as well. […]

A Very Big Thank You

Reported by | Updated: March 9, 2020

Banking Frontiers completed its annual Finnoviti-cum-Technoviti Conference, which also included awards for the top innovators in the financial sector and the IT sector. It was a mega event, as usual. Heartiest congratulations to all the winners. Readers can see the photos of the winners receiving their trophies in the following pages. Many thanks and best […]

The process of ‘halvening’ of bitcoin

Reported by | Updated: December 20, 2019

There is something important that is going to happen in the bitcoin world next year. The cryptocurrency will see the third ‘halvening’ probably in May 2020, a process repeated approximately every 4 years. This is said to be done in an attempt to ‘create predictable scarcity’ of bitcoin. One of bitcoin’s key features is that […]

When leaders are confused

Reported by | Updated: November 5, 2019

While the PMC Bank fraud came to light, I was reading a novel End of Saamba Dance written by Sridhar Ramachandran. I was surprised to find many commonalities between the fiction world and the real world, and that spurred me to finish the novel quickly. The novel is about a visionary industrialist who starts from […]

Bank failure is a reality, deposit insurance failure is a shame!

Reported by | Updated: October 21, 2019

DICGC provides bank customers deposit insurance of Rs 1 lakh per bank. This was the insured amount in 1978 and has not changed over the last 41 years. At 8% interest per annum, a deposit of Rs 1 lakh in 1978 would be Rs 26 lakh today. Since the insurance limit is still stuck at […]

Nudges to energize the auto sector

Reported by | Updated: September 13, 2019

The auto sector is bearing the brunt of the economic slowdown. Sales are falling month after month and job losses are rising month after month. Fresh ideas are needed to revive the sector. Here are 7 suggestions for discussion and debate. 1. The steep rise in penalties in the amended Motor Vehicles Act is creating […]

GDP figures – time to rethink

Reported by | Updated: August 19, 2019

With elections behind us and single majority rather than coalition government, everyone naturally is looking and hoping for an economic revival. Here are some samples of the unpleasant news. Car sales are falling. Car dealerships are shutting down. Jobs are being lost among car dealers and auto parts manufacturers. Property sales are stalled. Tax collections […]

Taxing the rich at higher levels

Reported by | Updated: July 19, 2019

The Union budget for 2019-20 has proposed that individuals earning more than Rs50 million a year will be required to pay a surcharge of 37.5% on their income tax. This surcharge is over and above the 30% income tax such individuals are paying at present and the effective impact of the proposal and the various […]

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