PARALYSED ECONOMY

Everything must go!!!Economy is in pain!!!

Massive unemployment and Blow out sales
Decisions cast by suits in costumes,
Ship and depart the jobs to CHINESE stock
margin.
Everything must go!!!Economy is in pain!!!
Unemployed, now so restless,
Vets in rags became so crestless
& poverty is now the sonic boom.
Everything must go!!!Economy is in pain!!!
In this days and age, its almost better to be locked in a
cage,
The economy got drunk and dead,
Sometimes it is NOT time for any change,
Everything must go!!!Economy is in pain!!!
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THE RISING DAWN OF INDIAN ECONOMY: FINANCIAL BUDGET 2017

-BY NEHA SINHA MBA 2K16-18
The run-up to the budget is lled with expectations and speculations on what is likely to be
announced by the Finance Minister on D-day. There are news of possible Income tax changes, changes in saving
schemes, possible tweaking of the retirement savings landscape and changes in tax treatment of capital market
related investments.
The sectors likely to get affected from the new rays are as follows:-

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M CLR SUPERSEDES BASE RATE IN OUR ECONOMY

-BY JEETADITYA SARKAR MBA 2K15-17

The Reserve Bank of India has brought

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under the name Marginal Cost of Funds based Lending Rate (MCLR). In finance marginal is mainly termed as
additional or changed situation. It will replace the existing base rate system from April 2016 onwards. According
to the new rules, every bank will be required to calculate its marginal cost of funds across different tenors. The RBI
has mandated banks that all rupee loans should be priced with reference to the Marginal Cost of Funds-based
Lending Rate (MCLR). While RBI has cut its benchmark rate by 125 basis points in 2015, lending rates have come
down only by 60 basis points, RBI said in its December monetary policy review. One basis point is one-hundredth of
a percentage point.

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How India switched to digital payment methods

By RAJNANDAN ROUT 2K15-17
After the government banned Rs 500 and Rs 1,000 notes in November16, digital activity
levels were low in the initial weeks as people were busy depositing or exchanging the banned notes. But it increased
from December as remonetisation progressed.
Growth was good in October 2016, mainly on account of festive season. But it continued further from November 16
to January 17 as well. This was positive fallout of demonetization. However, the pace of growth moderated
somewhat in February 2017.

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Tax Documents: What to Shred, and What to Keep ????

B Y AKASH KUMAR SAHOO MBA2K16-18

THE income tax filing deadline is, thankfully, receding on the calendar. And while most people would
prefer to move on to other, more pleasant activities, now is a good time to consider how you save your tax returns
and other financial documents.
What should you keep, and what can you toss?
Darren Zaragoza, an accountant and financial adviser with EKS Associates in Princeton, N.J., says that
many people store records for much longer than necessary. Clients over 50, in particular, seem fond of stashing
reams of paper records in storage boxes, he said, adding that one of his clients had saved utility bills from the 1950s.
While it may be fun to marvel at a $5 gas bill, theres little reason to keep such paper for decades.

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hould carbon tax be implemented by India govt.????

S
BY Smaranika Nayak , MBA 2K16-18
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 Every industry burns hydrocarbons like coal and natural gas which leads to the emission of carbon
monoxide in the environment. All the combustible energy sources lead to the exudation of such poisonous
substances. In India, the rising pollution levels are a matter for concern due to which the government has come up
with various measures to curb the pollution. The 2016 midyear pollution index in India varied from 82- 94 which is
deadly for all living beings. One such measure formulated by the government is levying carbon tax.

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NPA norms to keep exerting pressure on banks' profit

BY VISHAL MISHRA MBA 2K16-18
Reserve Bank guidelines on providing adequate provisioning to cover bad loans would
continue to put pressure on banks' profitability for some time, even though some banks are witnessing reduction in
proportion of NPAs, RBI Deputy Governor S S Mundra said today. Mundra was responding to media queries in a
press conference post RBI's sixth bi-monthly monetary policy review here.

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A JOURNEY FROM MICROFINANCE TO COMMERCIALBANK:BANDHAN

-BY BHAGYASHREE DASH &ARCHANA BIDHYADHAR MBA 2K15-17

Bandhan was born in 2001 under the leadership of Mr. Chandra Shekhar Ghosh.Bandhan was
basically engaged in the delivery of micro nance services tothe poor women. The micro nance operations started
from Bagnan, a small village which is 60kms away from the city of Kolkata.Aspiring to the holistic development of
the poor, Bandhan offers development activities in crucial fields of education, health, unemployment and livelihood.
By 2015, Bandhan Financial Services Pvt. Ltd reached more than 6.5 million of Indias poorest borrowers, including
women entrepreneurs, self-help groups and small businesses. While Bandhans network of over 2,000 branches is
spread over 22 states and union territories, its major focus has been in Indias eastern and north eastern regions.

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CASHLESS TRANSACTIONS: A GATEWAY FOR PROSPEROUS ECONOMY

-BY BANDANA PRAHARAJ ,MBA 2K16-18
Cashless !! what it exactly means no paper money or coins or is it everything is electronic.???..
.Cashless doesnt signify being poor because of less availability of paper currency, instead it signi es smart, corruption

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free societies.Another aspect of cashless economies is low levels of terrorism and corruption. An important issue in
front of the developing economies is the environmental impact of industrial development.

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5 Things Debt Collectors Are Forbidden To Do

-By Deepak Kumar Panda MBA 2K15-17

Debt collectors have a reputation in some cases, a well-deserved one for being obnoxious,
rude and even scary when trying to get borrowers to pay up. The federal Fair Debt Collection Practices Act
(FDCPA) is supposed to curb these annoying and abusive behaviors, but some debt collectors flout the law.

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Demonetization and its impact.

BY SUBHAPRADHA PANDA MBA 2K16-18
The demonetization effort being led by PM Narendra Modi in India is that idea that Rs 500 and
Rs 1,000 notes should be declared no longer legal tender, to be replaced by other notes of different designs and in
one case, denominations. The aim is to wash the stock of "black money" out of the economy and get it into the licit,
banked and taxable, part of the economy.

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RECENT FINANCIAL ISSUES IN INDIA

-BY GurucharanBhutia ,MBA2K16-18

Heading into 2016, Indias economy looks solid with third quarter 2015 growth of 7.4% over third quarter
2014.Likewise industrial production also expanded by 9.8% in October compared to one year earlier. On the
downside, in ation hiked up in nov.2015 to 5.4% reaching one year high.The situation relating to govt. revenues in
India improved lesser than requirement of current a/c falling to 1.3% of GDP in 2015 from 4.8% in 2013.The govt. did
not succeed in stimulating parliament to pass legislation implementing a goods & service tax to help reduce the
de cient situation further, but that remains a goal. Comprising of all the matters, the economic challenges in India
faces are more deep rooted & harder to solve.

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Indian banks are waking up to a new kind of cyber attack

BY KEWAL CHAWDA (MBA 1ST YEAR)2016-18

Hackers recently in ltrated the systems of three government-owned banks two headquartered in
Mumbai and one in Kolkata to create fake trade documents that may have been used to raise nance abroad or
facilitate dealings in banned items. The banks in question discovered that their SWIFT systems the global nancial
messaging service banks use to move millions of dollars and documents across borders every day have been
compromised to create fake documents.

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F INANCIAL SERVICE AND REFORMS

BY KUMAR KALYAN DAS MBA 2K15-17
Financial services industry is the emerging sector in the domestic as well as world economy. The
introduction of new nancial products brought with them complex dealing procedures and inherent risk.
Essentially, the dealing staff should be conversant with the rules and regulations in order to ensure compliance.

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The Great Fall of China

-BY PRIYANKA PARIDA MBA 2K15-17
Fear about Chinas economy can be overdone. But investors are right to be nervous
ONCE the soundtrack to a nancial meltdown was the yelling of traders on the oor of a nancial
exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers
with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the
advice to stand firm.

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INSIDER TRADING : LEGAL (or) ILLEGAL

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BY SATYAPRAKASH JENA & RABINARAYAN PANDA MBA 2K15-17
Insider trading essentially denotes dealing in a companys securities on the basis con dential
information relating to the company which is not published or not known to the public, used to make pro t or
avoid losses.

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