BLOOMING INSIGHTS

Introduction: Every year, from late September to October, Amazon’s Great Indian Festival (GIF), Flipkart’s Big Billion Days (BBD), or Myntra’s Big Fashion Festival, etc, light up our Indian homes with great deals, offers, heavy discounts, coupons, and whatnot.  From laptops to washing machines to the latest iPhone, and everything that’s sold on e-commerce platforms, suddenly starts to feel within our budget. BUT WHY???? That is where the magic word comes into the picture.. Oh, it's not a magic word.. Sorry to break it to you.. Since the truth is a little less sparkly as compared to our festive vibes.. But anyway, coming back to the not-so-magic word which we are going to discuss, is NO COST EMI. Analytics & Scenarios: Before directly jumping into something, let us first have a look at the statistics released by Amazon for their GIF sale 2024: The Amazon Great Indian Festival 2024 has truly become India's greatest shopping phenomenon, smashing all previous records," sai...

Introduction: “ It is not just the government that has a veto; the judiciary too has it ”, the statement by former Chief Justice D.Y. Chandrachud. In a similar vein, " I am now appealing to you to establish a suo moto bench of 11 judges of the Supreme Court to reconsider the verdicts from the Second and Third Judges' cases” , former Supreme Court judge, Markandey Katju urged in his letter to Chief Justice of India, B. R. Gavai, highlighting the weaknesses in the Collegium system of Judiciary. These statements reflect the long lasting debate about the process of judges appointing judges in the judiciary system of India.  An overview: The Collegium system in India is the process by which judges of the Supreme Court and High Courts are appointed and transferred in the higher judiciary, the Supreme Court collegium is headed by the Chief Justice of India (CJI) and includes the four senior-most judges of the court.  The High Court collegium is led by the respective Chief Jus...

Introduction: India is one of the fastest-growing economies in the world but there exists a significant gap in accessing formal credit, especially when compared to other developed nations. Banks and financial institutions (FIs) are working on filling this gap by introducing new payments products and instruments that would make it easier to access formal credit. Traditionally, formal credit was restricted to financial products such as home, auto and personal loans. However, banks and FIs have recently shifted their focus towards instruments like credit cards, buy now, pay later (BNPL) and credit EMIs. New FinTech players have disrupted the market by introducing new and innovative products and offerings to consumers. Credit cards, BNPL and credit EMIs have witnessed large-scale issuance and growth in usage. Traditional banks and new start-ups are focusing on acquiring new customers by allowing access to credit for the unbanked/underserved segment. Credit Usage and Growth: Credit in I...