An aspiring investment banker who is learning every day more and more about the Finance field. Also, I regularly write blogs which you can read and give me your honest feedback.
Know Your Customer (KYC) Process and its Steps
As per the Financial Action Task Force (FATF) Recommendation, one of the ways to curb Money Laundering, Terror Financing, etc. is for the financial institutes to periodically do “KYC (Know Your Customer)” Checks on their customers. KYC (Know Your Customer) refers to identifying and verifying customer details regularly while maintaining a Business Relationship. This process is mandated for both…
Case Study on Succesful Business Strategy of Adani Group
Most of us who already know the Financial Market and follow the Indian Stock Market regularly can relate to this question “How did Adani Group become so successful in a short period?”. The Adani group stocks are up between 90% and 195% this year and have led an aggressive strategy of expanding their business to “Renewable energy, Media, Airports” and…
“Why Job Opportunities are shrinking but GDP rising in India?” Self-analysis of this Spooky situation.
Nowadays, Student protests are creating a lot of noise on national news. The most recent example is Protests against the Introduction of the Agnipath Scheme by the Indian Armed forces (IAF) for the future recruitment processes. According to the data for February 2021 of the Center for Monitoring the Indian Economy, the country’s employment rate…
What is Anti-Money Laundering and Recent Cases of Money Laundering in India?
Before Understanding the term Anti-Money Laundering, we need to know about Money Laundering. Money Laundering is the process of making Illegal money that appears to have come from Legal Sources. Illegal money is the money obtained from Illicit activities or means. For Example- Money came from selling drugs. Now, there are a lot of sources…
Crude oil Prices Plunged, “Are we heading towards Global Recession?”
Crude oil prices have been continuously plummeting for the past few days. West Texas Intermediate (WTI) Crude oil futures are currently trading at $98.3 and touched their lowest mark of $95.5 today since the Russia-Ukraine Conflict started. Also, Brent Crude oil futures have stumbled upon the $100 significant level and are currently trading at $99.8. This significant price fall in Crude oil is creating less…
Why did the Government of India (GoI) raise the Import duty on Gold?
The Government of India (GoI) has elevated the import duty on gold by 4.25% to earn more on the import of yellow metal and to achieve its target of Reducing the Fiscal Deficit. This change already came into effect on 30 June. Before this, the primary customs duty on gold was 7.5%, which is 12.5% currently. This decision was necessary…
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