FinACE- Ace The World Of Finance ( July edition )

HIGHLIGHTS

RACE FOR THE 1ST POSITION

Tata Power plans for environment
conservation through renewables.
Story of IT Talent Outsourcing startup
“Supersourcing”

Twitter sues Indian Government?

India to experience stable growth

Is Bollywood at a threat?

SC sentences Mallya to 4-month
jail, fines him Rs 2,000

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ISSUE • 31 JULY 2022 • SUBSCRIBE

CONTENT 1 FROM OUR MENTOR'S DESK I
2 Meet the team
IIII
3 Corporate and startups
4 Financial entrepreneur 1
5 Personal finance
6 De-dollarization N4
7 Financial facts you didn't
know 5
8 India 6

9 World 8D
10 Miscellaneous
11 Voice your opinion 9
12 Financial Metrics
13 Financial Aptitude E11
14 Lights camera and finance
12
13

X14

15
16

"When you INVEST , you are buying a "

day you don't have to work"

PRINCIPAL'S
CORNER

PROF.V.K.PALIWAL

Professor VK Paliwal, Ph.D., the esteemed principal
of our college, has been a valuable support for
Finanza. He is currently the officiating principal of
Dyal Singh College, University of Delhi . He has been a
valuable support for our society Finanza.

He was felicitated with the full bright Nehru Senior
Research Scholarship, USA in 2010-11. He has been
awarded the best Ph.D. thesis award in Material
Sciences-G. C. Jain Memorial Prize in 2005. He has
published numerous articles in national and
international journals and attended several
conferences as well.

Team Finanza is elated to work and learn under his
supervision and guidance. We sincerely thank Sir for
his unconditional support and guidance.

Team Finanza
Session 2022-23

I

FROM
OUR
MENTOR'S DESK
DR. RITA NAGPAL

( TIC , FINANZA )

Finanza, the finance society of With each new edition of
Dyal Singh College is a
voluntary group of students the newsletter, I hope
aiming to disseminate
quintessential knowledge on that our society creates
finance and related aspects
through the conduct of its the best content for you
activities throughout the year.
Since its inception in 2015, to make it not only
society has traversed a great
path to grow in size, scope and informative but also
shape to make it more
engaging for its members and interesting and
community. Members of
society have diversified relatable. Society
themselves in all manners. Be
it organising multifarious promises to be
events or hosting regular
speaker sessions with eminent unfettered in efforts to
personalities, the society has
managed to build a reputation make finance easy and
of its own.
simple for you. With the

hope that these pieces

help you enhance your

knowledge, I wish that

you have a pleasant

reading experience.

II

ANURAG TEWARI PRESIDENT

2022 - 23 Finanza has always been a
bunch of enthusiastic
individuals who have
strived to impart
knowledge in the most
simple yet effective
manner. Our efforts are
aligned with our vision of
enhancing the financial
intelligence of the youth.
We strive to create an
environment where people
can grow and learn to lead
their lives as more socially
and financially responsible
individuals. Stay safe! Stay
informed!

PUNITA PUNANI VICE
PRESIDENT

III

DEBROTO ANANAYA
MANDAL
(NEWSLETTER HEAD) KHARBANDA

(HUMAN RESOURCE
HEAD)

MEET THE TEAM KANISHKA PANDEY TARANG CHAUDHARY SHREYANSH
(PROJECT LEADER) (PROJECT ARYA

COORDINATOR) (EDITOR-IN-CHIEF)

MANYA JUNEJA YASH
KULSHRESTHA
(PROJECT SUPERVISOR)
(PROJECT SUPERVISOR)



VARUN TEESHA ANJALI
SONI ARORA JAIN

(PROJECT SUPERVISOR) (PROJECT SUPERVISOR) (PROJECT SUPERVISOR)

RESEARCH & CORPORATE VIHANA MRIDUL Mayank
RELATIONS BHARGAVA GARG Mehra

DEEPSHI
BANSAL

NIHARIKA NAMAN ADITI
PAHWA GOYAL UPADHYAY

EDITORIAL VANSHIKA ANISH
TEAM GARG PUJAPANDA

ISHIKA YASH
MEHRA SETHI

GRAPHIC
TEAM

SHRISTY
PRIYA

IV

CORPORATE

&STARTUPS
BECOMING A CO-PARTNER IN ALLEN INSTITUTE
Bodhi Tree systems , a newly formed platform backed by James
Murdoch and Uday Shankar have jointly agreed to invest 600 million
dollars in one of India's biggest test coaching platforms - Allen . But
Allen’s founding Maheshwari family will retain the main control over the
business. READ MORE

RACE FOR THE 1ST POSITION

Gautam Adani is in full mood in entering the telecom world and is
planning to fight against the 2 big giants of the industry - Mukesh
Ambani Reliance Jio and telecom czar Sunil Bharti Mittal of Airtel.
Adani group is planning to come with fifth generation services such
as ultra high speed connectivity etc. READ MORE

Oppo India under the eyes of DRI

The chinese mobile companies like Vivo, Oppo India are continuously
being questioned for alleged money laundering and evasion of custom
duties. The Directorate of Revenue Intelligence is evasing nearly around
4389 crore by the Oppo India. During their search conducted at the
office premises of Oppo India and residences of their key officials and
the result they found at was the wilful mis-declaration in the certain
items provided by Oppo India. READ MORE

Leading companies joining the race for Vector
Green Assets.

The domestic energy producers - JSW Energy, Torrent Power and
Apraava Energy (formerly CLP India) and Sembcorp have joined the
race of acquiring 700 MW of wind and solar energy assets under
Vector Green Energy for the development and the assets will be
valued at 4500 -5000 crore and this wholly owned by funds
managed by Global Infrastructure Partners India - its one of the
leading independent infrastructure fund manager. READ MORE

1

CORPORATE

&STARTUPS
Tata Power plans for environment conservation
through renewables.

Tata Power spends a great amount of 75000 crore for building
renewable energy so as to increase the green energy portfolio to
60% . Tata Power booked 707 MW capacity for Solar Engineering
,Procurement and Construction Business. READ MORE

Rise of Corporate Race for Unicorn Story of IT Talent
Defaults
Fintech Startup Onecard Outsourcing startup
The Rating agency Crisil becomes the 104th Unicorn of
warned the companies India after raised 100 million “Supersourcing”
defaulting on their debt dollars from the temasek
obligations as its expects the which included investors such Digitalisation is acting as a
withdrawal of pandemic - as Sequoia Capital, Ocean View catalyst for the raging IT
induced relief measures with Investment, QED Holdings and Talent war. The market
volatile input prices for as per Inc 24 estimates its capitalisation is bound to reach
different entities.READ MORE valuation around 1.25 billion 1.3 trillion dollars and a large
dollars and it has become the portion of the IT Sector has
4th fintech startup to enter the shifted to the digital world and
Unicorn Club.READ MORE Supersourcing launched in
2020 is bridging the gap
between organisations and IT
Talent.READ MORE

Smriti Mandhana backs D2C Startup Neem Ayu

Smriti Mandhana has invested in a direct to consumer startup.
READ MORE

2

CORPORATE

&STARTUPS

Card-based fintecLightspeed investing in Southeast Asiah in
dire conditions with PPI lending ban

It has dedicated its largest investment in India and Southeast Asia as its the market
of the future and it's one of the most growing markets of the world. READ MORE

Ultratech cements results for Quarter 1

Ultratech cement is one of the most leading infrastructure companies
in the world and it reported 1582 crore which is around 7.45 % less than
1700 crore in the same quarter of the last year. But it will reportedly
grow in the coming quarters. READ MORE

Let’s make the Msme the rockers of India

Around financial assistance worth 34 crore has been approved under
the MSME Idea Hackathon 2022 during the current financial year. 257
ideas have been registered under the MSME Idea Hackathon and it's
going to be revolutionary for the future as MSME is going to be the
leading revolutionary in India. READ MORE

PVR on a roadmap to success

The share price rose by 2.8% to 1967 a piece on BSE on Friday after
the company reported a consolidated net profit of 53.38 crore in June
Quarter.
PVR operates 854 screens pan India over 75 cities. The company is
also currently ready to open 125 screens in this financial year.

READ MORE

Investing in Future: Hindustan Zinc

Hindustan Zinc will invest around 2200 crore to set up a 0.5 million
tonne per annum mtpa fertiliser unit and a 0.16mtpa roaster plant. It
reported 56% year on year rise in consolidated profit at 3092 crore in
Q1FY23. It's continuously going on a rising map. READ MORE

GAIL Supporting the startups in areas like Natural Gas,
Energy , Electrical Mobility.

Gail has started its startup initiative “Pankh” for supporting the startups
which are operating in the areas like Natural Gas, Petrochemicals,
Energy , Project Management so that they can carry forward properly.

READ MORE

3

FINANCIAL
ENTREPRENEUR

Alakh Pandey, a.k.a. Physics Wallah, is one of the most well-
known instructors on YouTube. His YouTube channel, which
has 5 million members, offers instructive films for kids
getting ready for engineering and medical entrance exams
that include Science courses in the 11th and 12th grades (jee
and neet aspirants).

His relationship with teaching Let's look
beginning into his

He began when he was forced to move into Journey!!!
a slum and live in a rented home. While still
enrolled in sixth grade, he began tutoring
pupils in the fourth grade. He attended a
coaching institute's demo class as an 11th
grader. No one imagined the demo class's
outcome, as the students enthusiastically
praised his method of instruction.

Let's look at his educational 2016, was a changing year for Want to know why PhysicsWallah
background! him, keep reading to know how? was chosen as his username?

He graduated from Bishop Johnson School He started the YouTube channel "Physics According to Pandey, the name was
and College in Prayagraj in 2010 with an Wallah" in 2016 in an effort to connect with more influenced by the well-known ChaiWallah tea
intermediate degree. students around the globe. He began posting shop, which is present in Kanpur, Lucknow,
He later passed the engineering entrance films that explained various high school physics and Varanasi. When Pandey discovered the
exam owing to his own self-study and and chemistry concepts. 2.5 M subscribers were name, he was in Kanpur with his sister.
preparation and was awarded admission at acquired in the first 4 years. He collected INR
HBTI-Kanpur. He left it though and went 8000 in January 2018 when a buddy of his gave
back to his hometown of Allahabad. There him advice to monetize his YouTube account.
he started teaching in a coaching institute, He eventually stopped coaching in an effort to
imparting knowledge. concentrate entirely on YouTube in order to
reach more pupils.

The launching of the App Next Big Growth 2022 The next step in this success
ladder
On 26th May 2020 a mobile app was PW just secured its $100 million initial round
launched delivering comprehensive NEET and from WestBridge Capital and GSV Ventures, PWs Hybrid classes, also known as PW
JEE courses. It conducts tests and clarifies raising its worth to over $1 billion and making Pathshalas, are already in use in 18 Indian
questions through a paid subscription model it the sixth unicorn in the edtech sector. cities. The platform has opened PW
with a minimum price of Rs. 1000. It saw growth at an impressive rate, clocking Vidyapeeth, its first entirely offline location, in
The app gained popularity seeing 50K Rs 350 crore revenue in the financial year with Kota, Rajasthan. By 2025, PW hopes to have
downloads on the first day itself. Today, 5 a reported nine-fold increase in 2022, having a more than 250 million students using the
million or more downloads are counted, and 60% EBITDA margin. platform.
they account for 95% of PW's income. His current drive is to serve more students
and give them the support they need to
succeed in life.

Check out this video to know more : Finanza.dsc

4

PERSONAL
FINANCE

Overdraft Facility, a better alternative?

" Finding yourself in a situation of borrowing?
And going with the personal loans?
Then wait and read this one out. "

Overdraft facility is best for those facing frequent short-term cash flow
mismatches but who can repay the borrowed sum in a very short period of
time. Adhil Shetty, CEO, Bankbazaar.com, say “It is similar to revolving credit
such as credit cards where you can use credit to a given limit, pay back your
dues, and have your credit limit restored,”

PERSONAL LOAN OR OVERDRAFT, WHICH
ONE TO GO WITH?

In contrast to personal loans, which carry interest starting on the day the
money is disbursed, one of the major benefits of an overdraft facility is that it
only applies to the amount that is withdrawn.
Every time a borrower asks for a personal loan, the lender will review their
history and confirm their documentation.
In the event of an overdraft, the paperwork is completed just once, and the
borrower is permitted to withdraw funds many times from the same account
up to the overdraft sanctioned amount.

OVERDRAFT RULES!

*An account holder may remove more money from his bank account than is
actually available.
*The bank establishes the credit limit based on the balance of the account
holder.
*The amount of the overdraft and the length of the overdraft determine
the interest rate.
*Borrowers are permitted to withdraw the sanctioned limit in any amount
several times.

WHAT IS A BETTER OPTION?

Borrowers should choose a personal loan overdraft facility if they have the
ability to repay the borrowed amount in full in a short amount of time, such
as less than three months.
Credit cards could also be helpful for those who are salaried. A self-
employed person who needs cash flow flexibility may find a loan with an
overdraft helpful.

Just remember!

As a borrower, you should exercise caution since uncontrolled borrowing can

result in a debt trap because the interest will keep accruing. READ MORE

5

De-dollarization of global economy

But why De-dollarise the World today?

But is it the time to replace the dollar with an alternative to fuel the global economic engine?
1st reason- Strong sentiments against the US dollar due to the power of sanctions it uses is the primary
reason as to why the world needs to de-dollarize. For example US planned to cut Russia from SWIFT so as to
cut them from global financial system. This move was only possible because maximum SWIFT transactions are
done in dollars. However this move also goes against the principles of SWIFT as it was never to be dragged in
international politics. This tool was already utilized by US on Iran which caused it a massive economic loss.
2nd reason- USA is a consumer-based society which maximises imports. This is the reason that its 23 trillion
dollars GDP is not enough to sustain its living standards. This is why USA continues to take on more and more
debt. At present America is the largest debtor nation with a debt of 30 trillion dollars. This is why US can
provide high living standards and massive tax cuts to its citizens however because of this the countries that
invest their money in US economy due to security suffer from less capital in their respective domestic markets.
This model benefitted both the countries earlier but this is not the case now.
3rd reason- The American economy is printing excessive money today. When a country prints more and more
money, its debt increases further at a faster rate. The covid-19 pandemic served as a catalyst in this crisis as
the US to stop its economy from collapsing, printed excessive amounts of currency. So much money was
printed that 40% of existing US dollars are printed during the covid pandemic. Inflation in US is breaking
records. This increase in inflation gives rise to higher interest rates in banks so if any country takes a loan from
US it will have to pay a very large amount of interest.

Challenge to the American crown:

The Chinese Yuan has emerged as the only currency that can prove to be a tough contender against the US
Dollar. After China stepped in WTO it has never looked back as it has replaced US in EU, South America and
the African countries as the largest supplier in goods and services.
China is world’s largest manufacturer exporter and its economy size is so massive that it is challenging the
US economy. On the other hand the US is receding on both of these parameters. China is the largest trade
partner of around 125 countries and if China manages to convince its partners to trade in Yuan, then very
soon it can become the main reserve currency in the world.
One move that China has against the US dollar’s might is selling all of its dollar reserve in the market. This
would lead to an instant reduction in the value of dollar. However as of now this move will be self-
destructive for China as it’s currency will lose value too because as a consequence the US will stop trading
with the Chinese economy. However when China becomes successful in building a strong financial system
like the US nothing will stop it from using this tool.

Also check out this video : Finanza.dsc

6

De-dollarization of global economy

Moves In Favour of Yuan:

1. India’s largest cement company is dealing with a massive Russian coal company in Yuan
2. To bypass the recent sanctions put up by US against Russia, India is trading with Russia in Yuan. Moreover talks are going
on conduct trade in terms of Ruble-Rupee.
3. Saudi Arabia has even accepted China’s payments in Yuan instead of dollars recently.
4. China is even insisting all Asian, African and Latin American countries tp trade in Yuan instead of dollars.

Challenges to Yuan’s global acceptance:

The 2 things that China needs now are-
1. Getting International support: China either needs support of the international community or it needs to exert massive
influence on countries such that they have no other option left than to support it.
2. Building a monetary system in which there is no dollar dominance: For example international currency can be returned by
multiple commodities or currencies instead of just gold or dollars. Russia and China are working together in building such a
model
The biggest issue that arises is of Trust. Countries have been trusting the US economy since a long time as despite putting up
sanctions the dollar is viewed as the currency which does least discrimination between domestic residents and foreigners. On
the other hand China is being seen with a lot of suspicion. China is viewed as the origin of the covid pandemic, it has become
famous for its authoritarian government’s debt trap diplomacy and its aggression can be seen in the way that it deals with its
bordering countries. So even though countries are preferring Yuan in this crisis, but how effective it will be in the long term is
doubtful and concerning.

Can the Indian rupee compete with the Chinese Yuan as an alternative to US dollar?

The answer is yes but for that to happen India has to make many changes and face many challenges in its way. RBI has taken
a massive step in this direction as it built a mechanism to settle international trade in rupees instead of dollars but still India
has 3 massive challenges that lie in its path.
Ø The first and foremost challenge is its nominal GDP. The nominal GDP of India today is about 3 trillion dollars while that of
China is 16.7 trillion dollars i.e. about 5 times more.
Ø The second challenge is to increase consumer spending. In China it is about 15.7 trillion dollars while in India it is just 1.5
trillion dollars.
Ø The third challenge is income inequality. Indian population faces about 24% more income inequality than its Chinese
counterpart.
These factors pull down the Indian economy’s chances considerably. But if India boosts its economic growth and transforms
itself into a high value market then it can compete with China.

Conclusion:

In terms of use of currency in transactions and global reserves the US dollar is way ahead than Yuan and Rupee. So in the
short run the US dollar will able to maintain its position however it will face serious challenges in the long run. However both
currencies need to provide better benefits before the world community to compete with the US Dollar. The US will not lose its
hegemony and its privileges without giving a tough fight and the outcomes of this fight will not be peaceful for the global
community as whole. This is not a matter of ifs and buts, its just a matter of time.

7

If you look closely the world of finance and investment is filled with facts
that will leave you speechless.

Banks are offering best tax-saving FD interest Sri Lanka is caught in the debt trap
rates
The depleting forex reserves and a rampant dollar
Tax-saving FDs, which have a fixed tenure of five have hampered Sri Lanka's ability to service its
years, give investor the benefit of tax deduction. The external debt, which is over $51 billion. In May this
interest rate offered on such FDs varies across year, the island nation defaulted on its debt
banks. The DCB bank offers the highest compounded repayment – amounting to $7 billion – for the first
quarterly interest at 6.6% closely followed by time. As per a European Parliament report, "Japan
IndusInd Bank at 6.5% and 6.3% by the RBL Bank. held debt amounting to 4.4 per cent of Sri Lankan
IDBI First bank offers quarterly interest at flat 6% GDP, India 1 per cent, Korea 0.5 per cent,
followed by Karur Vysya Bank at 5.9%. Germany and France 0.3 per cent each". Under
scrutiny for its 'debt trap' diplomacy, Sri Lanka's
debt held by China amounted to 6.9 per cent of
the GDP.

Indian Inflation appears to have peaked FINANCIAL Social Security benefits for married people
FACTS in US
While the outlook on price stability is clouded by YOU
external conditions, inflation appears to have peaked, DIDN'T There are three potential Social Security benefits
RBI’s Shaktikanta Das said. Inflation appears to have KNOW for married people: the one based on an
peaked and it has moderated from 7.8% to 7.04%. Now individual's own work history; a spousal benefit,
it is at 7%. So it is a very volatile situation. The governor which can be up to 50% of what a higher-earning
observed that commodity prices have softened in June, spouse receives at full retirement age (67 for
but they are still quite high. Whether they sustain at the those born in 1960 or later); or a survivor benefit
current levels or whether they bounce back again or worth up to 100% of a deceased spouse's last
ease off will depend on a number of factors. Das payment. You are entitled to only one benefit --
attributed the difficulty in assessing the future whichever is higher -- at a time, and you can claim
trajectory of prices to uncertainties around whether a spousal benefit only if your spouse has filed for
advanced economies are headed towards recession, Social Security.
which could result in demand compression.
Gap between college costs and financial
Real state expenditure on education aid is growing in US’ Missouri
declining in North Carolina
College tuition and fees have increased 900
When it comes to educational finance, North percent since 1980 in Missouri, but access to
Carolina has a long history of deviating from national financial aid isn't keeping up. As a result of the
norms. Since the 1930s, we’ve funded public growing gap between college costs and financial
schools primarily at the state level, while in most aid, students borrowed an average of $36,510 to
places local funding plays a bigger role. State finance their education in 2021, according to the
revenue makes up about 62% of school funding in report, which is more than double what students
North Carolina and local revenue only 28%. For the would pay in 2000. And when financial aid and
nation as a whole, those two shares are 47% and loans weren't enough, students simply didn't buy
46%. While state expenditures on K-12 and class materials.
community colleges have been on the rise in recent
years, after adjusting for enrollment and inflation,
that’s not the case for the UNC system. At $13,126
per full-time student in 2020-21, state funding for
UNC is about 20% lower than it was before the
onset of the Great Recession.

8

INDIA

RBI liberalises norms to boost forex inflows:

The Reserve Bank of India announced measures to diversify and expand the sources of forex funding with an aim to mitigate
volatility and dampen global spillovers, including letting foreign investors invest in short-term corporate debt and allowing the
purchase of more government securities under the fully accessible route.
The aim is to shore up falling Rupee.
The measures taken by the central bank come against the backdrop of the Rupee depreciating by 4.1% against the US dollar
during the current financial year so far (up to July 5) amid the ongoing geopolitical tensions READ MORE

Twitter sues Indian Finance ministry releases The Department of Expenditure, Finance Ministry on Wednesday
Revenue Deficit grant: released the 4th monthly installment of the Post Devolution Revenue
Government? Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states.

Twitter is seeking to overturn some of the orders The Fifteenth Finance Commission has recommended a total PDRD grant
by the Indian government to take down content of Rs. 86,201 crores to 14 states for the ongoing fiscal. The
from its platform in a legal challenge that alleges recommended grant is released by the department in 12 equated monthly
abuse of power by officials, a source familiar with instalments. READ MORE
the matter said.
Twitter has been asked by the Indian authorities PM to launch SGX Nifty trade at GIFT:
over the past year to act on content, including
accounts supportive of an independent Sikh Nifty futures contracts on Singapore Exchange (SGX) are set to start
state and dozens of tweets that were critical of trading at the International Financial Service Centre (IFSC) in
the government's handling of the COVID-19 Gandhinagar as Prime Minister Narendra Modi will launch the dollar-
pandemic. denominated Nifty futures and inaugurate the India International Bullion
Exchange (IIBX) at the Gujarat International Finance Tec (GIFT) City, said
The Indian government has previously said that people familiar with the matter.
big social media firms, including Twitter, have not
complied with removal requests, despite their National Stock Exchange and SGX have formed a special purpose vehicle
legal standing. READ MORE (SPV) - NSE International Financial Service Centre (IFSC)-SGX Connect -
to launch Nifty products at the Gift City. SGX Nifty Futures will be traded
at GIFT city for close to 19 hours a day. READ MORE

New wheat-flour export policy: Flag carriers of India’s neighbours are
dangerously close to crisis — can they be
India imposed restrictions on outbound rescued?
shipments of wheat flour (atta), refined flour
(maida) and semolina (rava/sirgi), in a move aimed Delays in plane and engine deliveries are giving airline CEOs across the
at containing price rise. world sleepless nights, as they try to cope with a rapid bounce back in air
travel demand after two years of the Covid-19 pandemic.
New Delhi had banned wheat exports in May.
Exporters of these commodities would now need But they are the least of Richard Nuttall’s worries. Sri Lankan Airlines’
approval of the inter-ministerial committee on CEO of seven months has much graver issues to grapple with: where the
export of wheat for shipments from July 12. airline will get fuel to fly its planes; whether there’s enough cash to run its
Export policy of wheat flour (atta) remains free operations for the next few weeks; and most critically, with an
but export shall be subject to recommendation economically crippled government unable to support it and hoping to
of the inter-ministerial committee on export of privatize it, how soon will the airline get a new owner? READ MORE
wheat. READ MORE

9

INDIA

India unable to afford a healthy diet

According to a survey by the Food and Agricultural Organization of the United Nations, 70.5 percent of people in India
are unable to afford a balanced meal, making it one of the highest percentages.
Child nutrition is an issue in our country where child wasting [ insufficient nutrient intake ] as well as the prevalence of
stunting (being underdeveloped for one’s age) are not that great. There is a need of the hour to provide a nutritious diet
to the most vulnerable sections of the population but to also make it affordable. READ MORE

Restrictions imposed on 4 cooperative banks

The Reserve Bank of India has placed limitations on four cooperative banks: Saibaba Janata Sahakari Bank, The Suri
Friends' Union Co-operative Bank Ltd, Suri (West Bengal), and National Urban Co-operative Bank Ltd, Bahraich.
The RBI imposed withdrawal limits, capping Saibaba Janata Sahakari Bank withdrawals at Rs 20,000 and The Suri
Friends' Union Co-operative Bank withdrawals at Rs 50,000, due to their poor financial circumstances.
The withdrawal cap for customers of the National Urban Co-operative Bank has been fixed at Rs 10,000. These
limitations are scheduled to last for six months. READ MORE

India to experience stable China continues to be India's top trading partner
growth
Given that it increased to USD 67.08 billion in the first half of this year amid a significant increase in Chinese
The majority of the world's major economies exports, the India-China trade is on track to surpass USD 100 billion for the second consecutive year according to
as well as the OECD region as a whole continue the Chinese Foreign Ministry spokesman Zhao Lijian.
to show signs of slowing growth, according to He claimed that the discrepancy in trade data released by China and India was due to the use of various statistical
the OECD Composite Leading Indicators measurement scales.
(CLIs), which are intended to predict turning Exports from China to India increased to USD 57.51 billion, up 34.5 percent from last year, while exports from India
points in economic activity relative to trend to China decreased to USD 9.57 billion, down 35.3 percent from the previous year. At the halfway point of the year,
over the next six to nine months. the trade imbalance was USD 47.94 billion. READ MORE

According to the Organization for Economic Rise in prices across categories
Co-operation and Development, economic
growth in China and the United States is When comparing price levels from April 2022, a price hike across categories continued unabated in June, led by
predicted to slow down while it is likely to unprecedented raw material inflation.
remain stable in India. In the fiscal year 2022– Hindustan Unilever (HUL) increased the cost of their soaps by 3–20% in the home and personal care sector. Soap
2023, the World Bank has reduced India's GDP costs have increased between 4 and 19 percent from Godrej Consumer Products (GCPL), Reckitt Benckiser, and
growth prediction from 8 percent to 7.5 Wipro Consumer.
percent. READ MORE Toothpaste, shampoo, and detergents all saw a rise in prices along with floor cleaners, other oral care,
deodorants/air fresheners, and home insecticides, according to a report by Kotak Institutional Equities (KIE).
READ MORE

An impressive Capital Inflows witnessed by Real Estate in India

The Indian real estate market had a successful quarter in Q2 2022 despite the decline in the economy. Almost all real estate industries reported a significant rise in
leasing activity on a yearly and quarterly basis.
Inflows of capital into this industry reached USD 3.4 billion in H1 2022, an increase of 4 percent both annually and biannually.
Nearly 70% of capital inflows in the second quarter of 2022 were used for pure investment or acquisition purposes, and 30% were allotted to development or
greenfield projects. Some of the observations made include: RE Investment Outlook, Industrial & Logistics: Resilient sector positioned for prolonged development,
and Retail: Sector back on a growth track. READ MORE

10

WORLD

Crude oil prices at a 3- Trade restrictions are inflaming the worst food

month low crisis in a decade

Ever since the conflict broke The price of wheat, a key staple in many developing countries, has shot
out in Ukraine, the supply up by 34 percent since the Russian invasion of Ukraine in late
chain disruptions in oil have February. Other food costs have also risen. In response, as of early
persisted, causing a rapid rise June, 34 countries had imposed restrictions on exports on food and
in crude oil and other essential fertilizers – a figure approaching the 36 countries that used such
commodities’ prices. Prior to the conflict, crude oil was controls during the food crisis of 2008-2012. These actions are self-
around USD 90 per barrel and rose to as high as USD 115 defeating because they reduce global supply, driving food prices even
in less than a week in late February. higher. Other countries respond by imposing restrictions of their own,
A brief decline in prices was observed at the end of March, fueling an escalating cycle of trade actions that have a multiplier effect
and it went below USD 100 at the beginning of April. The on prices.
latest fall in prices could be attributed to rising fears of a Everyone is squeezed by food price inflation, but the poor are the
possible recession, along with the aggressive monetary hardest hit, especially in developing countries.
policy tightening by various central banks. These factors This time, the war in Ukraine is accelerating a price surge that started
are essentially leading to weaker demand for crude oil, earlier as a result of unfavourable weather in key producing countries,
and thereby contributing to the fall in their prices. the rapid economic recovery after the COVID-19 induced slump, and
In India, retail inflation has been over the Reserve Bank of the growing costs of energy and fertilizers. The war has severely
India’s upper tolerance band of 6 per cent for the sixth disrupted shipments from Ukraine, one of the world’s largest food
consecutive month in a row in June. READ MORE suppliers. READ MORE

Pakistan stares at serious economic crisis Egypt's Suez Canal revenue hits
amid fast-depleting forex reserves
$7 billions!
Cash-starved Pakistan could face a serious economic problem as its foreign
exchange reserves are depleting fast amid rising external debt servicing. The Egypt's Suez Canal revenue hit a record high
country's external debt servicing rose to USD 10.886 billion in the first three of $7 billion in the financial year to June 30,
quarters of 2021-22 compared to USD 13.38 billion in the entire FY21. It was just up 20.7% from the previous year, Canal
USD 1.653 billion in 1QFY22 against USD 3.51 billion in the first quarter of 2020-21, Authority Chairman Osama Rabea said. The
but it jumped to USD 4.357 billion in 2QFY22 and to USD 4.875 billion in 3QFY22. authority attributed this rise to an increase
in vessel numbers and cargoes, with total
The country has been facing a serious threat from its external front as the State cargoes reaching a record high of 1.32
Bank of Pakistan's foreign exchange reserves fell to single digits despite a USD 2.3 million tonnes, up 10.9% from 2020-21.
billion inflow from China late last month, the Dawn newspaper reported. "The Also, the number of vessels transiting the
increasing size of the external debt servicing in each quarter indicates the canal rose 15.7% to 22,032.
government has been borrowing dollars at higher commercial rates to meet its The canal is the fastest shipping route
foreign debt repayment obligations," the report said. READ MORE between Europe and Asia and one of the
Egyptian government's main sources of
foreign currency. READ MORE

11

MISCELLANEOUS
SC sentences Mallya to 4-month jail, fines him Rs 2,000
The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya, who was found guilty of
contempt of court in 2017, to four months’ imprisonment and also fined him Rs 2,000.

A bench presided by Justice U U Lalit also held as “void and inoperative” the transactions by which Mallya
transferred (US) $40 million, received from British firm Diageo, to his three children — son Siddharth Mallya
and daughters Leanna Mallya and Tanya Mallya — and said he “shall be bound to deposit the amount received
by such beneficiaries along with interest at the rate of 8 per cent per annum with the concerned Recovery
Officer within four weeks”.

The top court had held Mallya guilty of contempt on two counts on May 9, 2017 – for disobeying its order to
fully disclose his assets and for violating a Karnataka High Court order restraining him from alienating his
assets. READ MORE

Is it right time for ITC’s hotel business de-merger?

While ITC has said that an alternative structure for its hotels business is “very much on the table”, analysts
said this is the “right time” for the diversified conglomerate to look at unlocking value in this business, as the
hospitality industry is expected to witness a strong recovery this fiscal after Covid hiatus. The cigarette-to-
soap maker had also talked about “exploring” alternative structures for its hotels’ segment before the
coronavirus outbreak.

As of now, bouncing back of the country’s hospitality industry surpassing pre-pandemic levels is a positive
factor. Moreover the average Room Rate has improved over the last fiscal too. READ MORE

Lamborghini launches limited edition Aventador Ultimae Coupé in India

Italian supercar maker Automobili Lamborghini on Wednesday launched the Aventador Ultimae Coupe in
India, weeks after it showcased the limited edition Aventador LP 780-4 Ultimae Roadster in the domestic
market. The company said it will make only 350 units of the Ultimae Coupe and 250 of the Roadster globally.
Lamborghini, however, did not disclose the prices of the Aventador Ultimae Coupe.
The Aventador LP 780-4 Ultimae Coupe comes in a single-tone, purple configuration, with lines and details
such as the front splitter's outline and 'teeth' picked out in purple, among others, the company said.
READ MORE

Google announces Startup School India initiative

Google on Wednesday announced an initiative, Startup School India, that aims to organise accumulated
knowledge into a structured curriculum to enable startups in small cities overcome various challenges.
Google hopes that the programme will help 10,000 startups in tier 2 and tier 3 cities (smaller cities). The nine-
week programme, delivered virtually, will have interactions between Google leaders and collaborators from
across the startup ecosystem, spanning fintech, business-to-business and business-to-consumer e-
commerce, language, social media and networking, job search and other areas.

The curriculum will feature instructional modules on subjects such as shaping an effective product strategy,
deep dives on product user value, building apps for next billion users in markets like India, driving user
acquisition among others. READ MORE

60 Start-ups tie up with ISRO for space debris management

‘Breaking the taboos of the past’, almost 60 Space Startups have registered with the Indian Space Research
Organisation (ISRO) to foray deep into innovations in space debris management, nano satellites, launch
vehicles and more, Union Minister of State for Science and Technology Jitendra Singh said.

Singh was in Bengaluru to inaugurate the ISRO System for Safe & Sustainable Operation (IS4OM) at the ISRO
Control Centre. ISROM is designed to support all routine operations safeguarding Indian space assets and
mitigating collision threats from space objects through specific collision-avoidance manoeuvres. Highlighting
the risks associated with space debris and collisions, Singh noted that in 1957, there were only two debris
hovering in space over the country, while today that number has skyrocketed to over 25,000. READ MORE

12

VOICE
YOUR
OPINION

Internationalizing Rupees

Among the drifting economies and shifting governments, the year has observed Name: Lavanya Sharma
College: Dyal Singh College

plethora of transformations. Since the start of Russia-Ukraine war, the money
Course: B.com
has never become stable and the crisis are becoming severe for not just the two
countries but hundreds of economies out there, directly or hidden. With the
season of revolutions, Reserve Bank of India has introduced its policy to
internationalize Indian National Rupee (INR) and set global platforms for trade
with it.
Until now, the trade was supposed to be made in the currency that is convertible,
US Dollars, European Euro, are to name few. However, the initiative of RBI now
allows Indian Rupee to act as exchange between the two-country trade. This
gives INR a face of its own. The mechanism is not applicable with the maritime
countries initially, but the small counties like Sri-Lanka, which is temporarily not
in a position to trade with high priced Dollars/Euros, can obviously make trade
relations with India, to buy Indian products with it. For the system to fall in place,
the first step would be encouraging countries to allow the rupee in their trust.
Once done, both the countries would require to open a back account- called
Vostro accounts- in each other’s state to maintain reserves in local currencies.
Once the trade is established, the first party, buyer, would initiate payments in
its local currency, which then gets converted in the currency of second country,
using the rate that flourishes in the market. This makes both the Indian
exporters and Indian importers to initiate in INR
As the INR gradually falls when compared with USD, the RBI, with this system,
RBI attempts to increase the demands of rupee when foreign traders accepting
rupee, which would gradually add value to the fallen Currency.
One of the first countries to use this mechanism lately could be Russia. Russia
enjoys trade surplus with India. India’s import of Russian oil has increased
significantly over the span of few months. It holds 2-3 billion dollars trade deficit
with the country at the current date. Imaging the payments getting settled with
the system of the rupee settlement, it would be not much complicated and a hard
money outflow for India as Russia will be accepting the rupee assets, which it
may later invest in the bonds of Indian govt/ development programs.Moreover,
after Russia’s expelled from the international swift Trade system, Russia and
India could now trade without USD, in India’s very own currency.
Hence, the idea is to promote growth of Indian rupee and help in establishing
global trust in the national currency. With the plan all set, the uncertainty about
the future success with it lies with the time to come.

13

FINANCIAaLL
METRICS

1) LEAKS BY INTEL

Intel’s entire Arc - A Series Desktop Graphics Card
lineup leaks has given insights on its upcoming
series of graphic cards. READ MORE

2)- IAAS Market Procurement
Research Report

The marketing report provides us with a data
projection at a CAGR of 26.16% by major category
end users across several industries while sourcing
for IAAS requirements. All the most adopted and
high potential pricing models are considered by the
buyers. READ MORE

3)-Investment for higher returns

DSP Investment Manager announced the launch of
DSP Nifty Midcap 150 Quality 50 Index Fund. This
new mid cap fund offers investors an option to earn a
high amount of higher growth and profitability , lower
leverage and good stable earnings. READ MORE

4)- Bank NPA at a 6 year low

India is now going to have a good sight of relief as bad
loans will continue to drop during the current financial
year because of higher credit growth and transfer of
legacy assets to NARCL but its still high from other
economies. READ MORE

14

FI N A N C I A L
APTITUDE
WHO AM I?


I am a passionate innovator who developed VSoft a leading global provider of innovatory banking
and payments solutions to financial institutions of all sizes.

I am the Global Head of Insurance for KPMG, and currently ranked among the top financial services
leaders in the world.

I am an accounting technique which is used to periodically lower the book value of a loan or an
intangible asset over a set period of time.

I am a type of intangible asset that is associated with the purchase of a company by another.

I am a financial institution responsible for the oversight and management of all other banks. I am
referred by a special name in the US and public can’t directly contact me.

I am a financial institution that provide services and act as an intermediary in complex transactions,
a broker or financial adviser for large institutional clients such as pension funds.

I am an Indian multinational public sector bank, the 43rd largest bank in the world and ranked 221st
in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian
bank on the list.

I am an Indian multinational bank who has contributed to the setting up of a number of Indian
institutions to establish financial infrastructure in the country over the years such as NSE in 1992 on
behalf of G.O.I or Credit Information Bureau of India Limited (CIBIL), India's first national credit
bureau in 2000.

ANSWER TO JUNE EDITION

NOTE: ANSWERS WILL BE IN UPCOMING EDITION

15

L

I

G CAMERA
H
FINANCE
T

S

NETFLIX: grappling with its most serious slowdown in years:

You know the business is not booming when the biggest or only source of your revenue has become sore and
customers are looking for alternatives.
Similar, thing has happened to Netflix where, it lost nearly 970,000 paid subscribers in the June quarter. Netflix's
subscriber loss was expected but it remains a sore point for a company that is wholly dependent on subscription
revenue from consumers. The firm's share price has dropped more than 60% so far this year, as investors sour
on its prospects.
Netflix but no chill to the company. Although Netflix has said it will jumpstart growth with a new ads-supported
service and by clamping down on password sharing - which one study estimated was costing Netflix $6bn a year.




Amazon Prime Video signs content deal with HBO Max :

Amazon Prime Video has signed a content sy
ndication deal with Warner Bros. Discovery to offer a slate of
11 HBO Max Original series and 10 HBO Max o
riginal features exclusively on the service for Prime members
in India.

So, more content available to Indian subscribers.

The slate includes series across genres, Primetime Emmy-nominated series, original pop culture classic

series and also includes college-set comedy, drama and superhero series.

Is Bollywood at a threat?

Bollywood has a serious rival now in India. It’s bigger, louder and is making more money than its prolific, glitzy Hindi-
language cousin known for its signature dance moves and opulent wedding scenes, yes you guessed it right, it is the
epic, big-budget, over-the-top action flicks, south Indian films or the Tollywood industry.

These films are increasingly dominating the country’s $24 billion media and entertainment market, and in some
cases, making their mark beyond India.
The success, indicative of a power shift toward the country’s south, comes at a time when Bollywood is reeling from
a string of flops, as its increasingly westernized content limits its appeal to a mostly urban audience. READ MORE

Top Gun Maverick: Current highest grossing movie:

That’s right folks, the Tom Cruise era is back.
Tom Cruise’s latest action drama ‘Top Gun: Maverick’ continues to rule at the box office. The film that was
released on May 27 in the US has reportedly surpassed the collection of The Avengers. The movie has earned
a whopping USD 623.8 million in the US alone becoming the highest-grossing film of all time in the US.

‘Top Gun: Maverick’ has also overtaken James Cameron’s Titanic when it comes to the domestic collection
and Michael Bay’s ‘Transformer: Age of Extinction' READ MORE

Indian media, entertainment industry: On a consistent growth:

The Indian media and entertainment industry is expected to grow at a CAGR of 8.8 per cent and reach Rs
4.30 lakh crore by 2026, according to a report by global consultancy firm PwC.
The growth would be paced by digital media and advertising through deeper penetration of the internet and
mobile devices in the domestic market, along with traditional media, which will hold their steady growth, the
report said.

16

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