BLOOMING INSIGHTS

The novel Corona Virus pandemic has affected every section of society in some form or the other. Talking about employability, it accelerated the existing trends in remote work, e-commerce, automation, food delivery companies, and pharmaceutical companies. Millions of people lost jobs or were furloughed, many rapidly adjusted to WFH. A part of the workers was deemed essential and continued to work in hospitals and grocery stores etc., yet under new protocols to reduce the spread of the novel coronavirus. Remote work and virtual meetings are likely to continue in the future with less intensity. Some companies are planning to shift to flexible workspaces after receiving positive experiences with remote work during the pandemic. This step will reduce the overall space needed and bring fewer workers into offices each day. A survey of 278 executives in August 2020 by McKinsey found that companies are planning to reduce office space by 30 percent on average. Although remote work may d

It was sixty years prior that the late Stephen Hymer composed his fundamental proposal on Foreign direct Investment (FDI) and worldwide ventures (MNEs). From that point forward, the writing regarding these matters has expanded generously and taken various bearings, putting the global firm at the junction of numerous disciplines and of numerous discussions too. Most hypotheses utilized so far basically set forward that for FDI to happen, contributing firms need to enjoy certain remarkable benefits or assets, to have the option to conquer weaknesses of working in an unfamiliar area and to have the option to contend with country firms. Global venture, especially Foreign Direct Investment (FDI) is a befuddled space of study! A few hypotheses have been advanced to clarify why and when FDI happens. In any case, no single, bound together, for the most part acknowledged hypothesis that clarifies the various sorts of FDI exists. Efforts to construct hypotheses clarifying FDI conduct depend vigo

THE NEOTERIC ANNOUNCEMENT OF SEBI On September 7, 2021, SEBI acceded stock exchanges to begin the T+1 settlement system as an option in place of T+2. With this announcement, Stock markets in India will be able to soon transfer shares and money into client accounts within 24 hours with SEBI in the T+1 settlement system for equity transactions from January 1, 2022. SETTLEMENT DATES Back in the days when security transactions used to be done manually instead of electronic way, investors had to wait for the delivery of the certificate of purchased securities before they proceeded for payment. This made the seller wait for the payment for a longer period. As the delivery times could differ and prices were flexible, market regulators used to set a period for delivering the securities and cash into the account. So, in the old days, the settlement date was T+5 which means five business days after the day of the transaction then it was set as T+3, and currently it is T+2. These settlement

In the early 1940s, private traders were exploiting farmers in India. This became more evident when dairy farmers in the Anand area of Gujarat had to sell milk on a contract basis which included middlemen and fixed (unfair) charges were levied. Polson dairy was the only dairy at that time in Gujarat, farmers of the Kaira district had to supply their milk to them. Polson Limited made an agreement with the Government of Bombay for supplying milk and kept a good margin for this. This again led to an increase in the agitatio n of dairy farmers. Now opening a cooperative society was the only solution left. A cooperative society is a voluntary association of people who join their hands for the achievement of common economic interest, every member of society has an equal voting right regardless of their share in it. This will make sure that even very poor farmers will have equal say in society. Sardar Patel (then PM of India) gave his advice that farmers should market their product through

Indian EdTech unicorn, BYJU’S with a valuation of $16.5 billion, continued its buying spree with the 8th acquisition of the year. For an undisclosed amount, BYJU’S has acquired Gradeup, which is one of India's largest online exam preparation platforms. The number of new learners (subscribers) has increased due to the growing need of online exam preparation platform in the wake of Covid-19 pandemic as offline classes were conducted online to make sure that students continue with their learning. To grasp the pandemic demand, BYJU’S has been on a purchase spree. Some of the major acquisitions by BYJU’S in 2021 are as follows: Aakash Educational Services (for $1 billion) Great Learning, an educational platform (for $600 million) Epic (for $500 million) Whodat (for an undisclosed amount) BYJU’S had also acquired TutorVista and Edurite in 2017, Osmo in 2019, and WhiteHat Jr, coding training platform last year in 2020. It had also acquired smaller start-ups like Hashlearn and scho

UK-based oil and energy group Cairn Energy Plc. announced on Tuesday that it is about to settle the long-running tax dispute case with India. India scrapped its controversial retrospective tax law last month and is focused on resolving the dispute quickly and it might be done in the next few weeks.  Cairn Energy is expecting to get a refund of Rs. 7,900 crores ($1.06 billion) from India once the dispute is resolved. Out of the $1.06 billion refunds, $500 million would be paid to the shareholders as a special dividend and $200 million would be utilized for a share buyback. History The dispute predominantly sprouted after the Indian government introduced the Finance Act, 2012 which amended the Income-tax Act, 1961 retrospectively. Cairn Energy was asked to pay $1.4 billion as a Capital Gain Tax by the Indian Tax Department. This dispute intensified after the Indian government confiscated and sold Cairn Energy shares to claim the tax liabilities. Cairn Energy moved to the Permanent Cour

Unemployment is a situation in which a capable individual seeking job cannot find one. Lack of employment opportunities, unfavorable working conditions, lack of skill-based education, are few of the reasons that are causing unemployment. The unemployment rate in India is 8.3% at present, according to the Centre for Monitoring Indian Economy (CMIE).   A solution to the problem of unemployment can be Entrepreneurship Education. Entrepreneurship is all about an individual’s tendency to take a risk and handle a business in a very dynamic and competitive world. Education on Entrepreneurship will create awareness and motivate youth to take business as a profession. An entrepreneur is an individual who starts his/her own business based on an idea he/she has and bears most of the risk and reaps profit as a reward of his/her idea and business.  An entrepreneur needs to possess these qualities:  -  He/ she must be a positive thinker  - N ot afraid to take risk  -  Enthusiastic, pass