Indian Audit Firm can break the Big Four
Economy

Indian Audit Firm can break the Big Four's oligopoly

The Big Four Oligopoly in India An oligopoly is just like a monopoly. Just that instead of a single organization controlling the market, it is a nexus of more than one company.  One such oligopoly is the ‘Big Four’. Deloitte, KPMG, Ernst & Young, and PricewaterhouseCoopers- together form the world’s largest professional accounting and consulting network, popularly known as the Big Four. This oligopoly has indirectly controlled an entire process of firm auditing. However, the time seems to come to move towards ending this oligopoly. 

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How can Indian mobile companies overtake Chinese smartphone brands?
Economy

How can Indian mobile companies overtake Chinese smartphone brands?

The latest statistics reveal that India stands as the second-largest mobile market, a notch ahead of the US with over 400 million smartphone users. While our neighbor China stands as the leader in terms of the number of users. These statistics are enough to give us an estimate of what a huge market India poses to all Mobile phone manufacturers. It is with this background that we have seen the influx of global brands making a mark in the Indian market. The Chinese smartphone brands were quick to infuse the Indian market with their smartphone brands like Huawei, Xiaomi, Vivo, Oppo, Realme, Oneplus.

Continue Reading about 2 days ago
Can RBI save the Economy?
Economy

Can RBI save the Economy?

RBI has announced a relief packageWhat does it mean for the economy? You might have read a story in your childhood about 2 trees which faced a thunderstorm at the same time. One of them which had a nice built, stayed upright in pride while the other one was a bit flexible and started bending with the wind. The proud tree which was upright looked at the other one and laughed. It said “you’re dancing with the wind. Look at me, I’m strong and the strong wind can’t even move me.” The intensity of the wind increased and increased further. Slowly this tree started feeling the force and losing its balance. The other tree on the other hand kept dancing with the wind and stood its ground. Finally, when the thunderstorm’s intensity reached its peak, the stronger tree got uprooted. While, the flexible tree was still alive. With the relief package declared by RBI, our economy is probably showing the required flexibility to tackle the thunderstorm of Coronavirus.

Continue Reading about 3 days ago
How to Manage a Product cost effectively?
Economy

How to Manage a Product cost effectively?

We all hear the word “COST” frequently in our day to day life. But have you ever heard the term “TARGET COSTING”?   Here’s all you need to know about target costing which will help you to keep yourself updated.

Continue Reading about 4 days ago
Will Coronavirus Lead to a Recession?
Economy

Will Coronavirus Lead to a Recession?

Coronavirus Pushing Us Into Recession? Coronavirus has hit the economy hard indeed.Are we entering into a recession post lockdown? There’s a funny Cricket video on YouTube in which a fielder on the boundary puts in an intense dive and slides to save the boundary and also manages to save it but, in his effort takes off the pants (the lower slips off due to the impact of dive and slide). On the one hand, the spectators appreciate the effort but they can not stop laughing when they see the player without pants. Now, imagine the boundary as pandemic and pants as the economy. While the government is doing everything to control the spread of the pandemic, the economy is suffering in parallel.

Continue Reading about 7 days ago
Walmart strategy- Everyday Low Pricing Model
Economy

Walmart strategy- Everyday Low Pricing Model

We see a lot of supermarket chains around us. Big Bazaar, D-Mart, V-Mart are some names that have gone huge and later released their IPO. Supermarket chains have expanded from metro cities to now smaller towns. One thing that unequivocally attracts people to the Supermarkets stores is their low pricing. They buy and sell in huge volumes and thus can generate economies of scale that normal Kirana Stores cannot. This piece talks about how Wal-Mart’s famous revenue model works and has the retail sector been able to generate benefits for consumers through this model.

Continue Reading about 7 days ago
Financial Emergency- Article 360 of Indian Constitution
Economy

Financial Emergency- Article 360 of Indian Constitution

The Financial Emergency A country already in an economic slowdown, all activities at halt plagued by fears of the Coronavirus pandemic, the free messaging services of WhatsApp, and the audience that would believe everything it gets on its phone. All this became perfect ingredients for fake news doing rounds on 24th March 2020. The message, also picked by some media houses, said that the Prime Minister Office would impose ‘Financial Emergency’ in the country. Though this information was busted a few hours later, us as citizens need to know what would happen in case the ‘Financial Emergency’ is imposed upon the nation. The provisions would help us understand the implications of what has never been invoked in the independent history of India.

Continue Reading about 10 days ago
Coronavirus Update: Govt. Caps Prices of Sanitizers & Mask.
Economy

Coronavirus Update: Govt. Caps Prices of Sanitizers & Mask.

Government has capped the prices of sanitizers and masks.What all is being done to fight Coronavirus? If you would have interacted with stock traders (not investors) who always speculate the prices of stocks and put their money accordingly, you would have heard much time of their speculation going wrong. It so happens that they buy stocks in bulk at a higher price because they do not speculate the prices to go down. Afterward, when the prices go down, they regret having paid a higher price. Something similar must have happened with people who would have bought masks & sanitizer in panic (at a higher price) post the outbreak of Coronavirus. The government has capped the rate of sanitizers and masks to provide some relief to the people in these hard times. The private manufacturers have also welcomed this step by the government and are scaling their production to meet the rising demand in the market. What has the government decided exactly, read on to find out?

Continue Reading about 11 days ago
Reality of Coronavirus Test in India: Covid-19 Update
Economy

Reality of Coronavirus Test in India: Covid-19 Update

Confirmed Coronavirus cases in India is still less than many other countries. Is it because of lesser tests being conducted? Besides being the largest bird, Ostrich is also known for its special characteristic to ignore adversity. And the way it does that is even more weird. Whenever an Ostrich senses trouble, it buries its head under the sand (or in the ground if possible) and this way it feels safe. The key here is that the trouble isn’t actually going away but the Ostrich is feeling safe although it actually isn’t. Is this safe for the Ostrich? Not at all!

Continue Reading about 15 days ago
Everything about Subprime Home Loan Crisis
Economy

Everything about Subprime Home Loan Crisis

Subprime loan crisis Loans have proved to be the critical aspect of any economy. It acts as a bridge leading to the unreachable needs and impossible dreams. The doors of the bank would be the first thing we would be knocking once we run out of options. Whether you wanted to buy a new home or finance your educational goals or any of your need for that matter. But one cannot ignore the fact that the same loan has laid the road to recession in the past. 

Continue Reading about 16 days ago
Crude Oil Price : Why Prices are Falling
Economy

Crude Oil Price : Why Prices are Falling

The 3 basic needs of humankind that include food, shelter and clothes have evolved over time and now, few more things have been added to this list like electricity, internet etc. This is at an individual level. However, if you consider an entire nation then fulfilling these needs is almost impossible without one thing and that’s crude oil. Crude oil doesn’t affect our life directly but it’s an indirect basic need of our life. This basic need was controlled by a global cartel called OPEC (Organization of Petroleum Exporting Countries) along with Russia & US till now. Whenever a government was questioned about rising oil prices, it blamed the international oil prices. But, the nation never questioned that why can’t these prices be controlled at an international level? But now the things have changed with Saudi Arabia breaking the cartel and engaging in a price war.

Continue Reading about 22 days ago
Indian Q3 GDP Growth Rate: What to Expect?
Economy

Indian Q3 GDP Growth Rate: What to Expect?

Q3 GDP growth rate figures have been released. But, what do they imply?  In the last few years, Indian Cricket team has seen numerous nail-biting finishes due to strategy implemented by MS Dhoni.

Continue Reading about 1 months ago
How is Coronavirus Impacting the World
Economy

How is Coronavirus Impacting the World's Economy?

"An apple a day keeps the doctor away". But in today's scenario, nothing could help you stay away from the deadly pandemic or its impact. Mainland China has reported a death toll of over 2800 and more than 78000 cases are said to be affected.

Continue Reading about 1 months ago
Cornonavirus Impact on India
Economy

Cornonavirus Impact on India's Industries

Coronavirus is still killing people. But, how has it affected Indian industries? Read and find out in today’s article

Continue Reading about 1 months ago
The Story of Diamond, De Beers and Love
Economy

The Story of Diamond, De Beers and Love

Did you make the right decision in purchasing a diamond? How did De Beers Monopoly affect you? Read in this Valentine’s Day Special blog.

Continue Reading about 1 months ago
Will RBI’s New Monetary Policy Change Economic Weather?
Economy

Will RBI’s New Monetary Policy Change Economic Weather?

RBI’s latest policy announcements are making news. What are they implicating exactly? Read and find out below

Continue Reading about 1 months ago
 Economic Impact of the Indian Premier League
Economy

Economic Impact of the Indian Premier League

Indian Premier League is round the corner.What are the financial aspects related to it? A few months down the line Indians would compete with each other to prove their dominance and for this, they’ll take help from the foreigners too. This would take place as a festival of sorts. People will support their states instead of the country. And, we’ll witness a distorted form of the ‘Gentleman’s Game’ in the form of an extravaganza. Indian Premier League (IPL) which is casually referred to as ‘Cricketainment’ will start by the end of March. And, since it is not just about Cricket but more of entertainment, it will bring with itself some repercussions that are not truly aligned with the spirit of the game. Besides this, the economics of IPL churns in millions and billions of rupees.

Continue Reading about 2 months ago
Union Budget 2020: Highlights, Analysis & Opinion
Economy

Union Budget 2020: Highlights, Analysis & Opinion

Union Budget 2020 was presented by our FM. Did it meet our expectations? A man resided in a desert along with his Camel. The conditions that were already harsh were slowly getting worse, and it was tough for both of them to sustain. The camel had faithfully serviced his master for long so, it had high hopes that the master would take good care of it. Finally, a day came when they had to start their journey in order to shift to the nearest city. Before starting the long journey, the camel had to eat in bulk and the Camel expected a satiating treat. But, alas! The man offered some Cumin seeds (Jeera in Hindi) to the camel and started the journey. Now imagine the desert as economy, the man as the government and the camel as common people.

Continue Reading about 2 months ago