India is said to be one of the preferred destinations for international cigarette smugglers, making it the fourth largest illegal cigarette market in the world. The lucrative Indian market for smuggled cigarettes attracts the youth in particular, as they carry international brand names and are low-priced compared to Indian brands. … [Read more...] about Illegal cigarettes in Indian market more than doubled in 15 years
Just premiums international
I’m feeling guilty and embarrassed about this mistake, and worried my coworkers and boss are going to think less of me. That’s not unreasonable to feel—mistakes are scary—but it’s also not the be-all and end-all. I didn’t know to avoid this, and now I do—I learned something! I can ask my coworkers for tips to avoid this in the future and document this better so no one else makes this mistake, or even suggest a system update to prevent it from coming up again. … [Read more...] about So you made a mistake. Big or small, here is a solid strategy to deal with it
Other recommendations are NBFCs with more than Rs 50,000 crore asset can be converted into banks after 10 years, three-year track record must be enough for payments bank to be converted into small finance bank, minimum cap for licensing universal banks must be raised to Rs 1,000 crore from Rs 500 crore and minimum cap for licensing small finance banks should be raised to Rs 300 crore from Rs 200 crore etc. … [Read more...] about Top 12 stocks to look at from banking & financial space after RBI panel recommendations
The panel suggested that the Rural Infrastructure Development Fund (RIDF) should be used as a tool to deepen credit absorption in these states. The RIDF, set up under NABARD in 1995, gets funds from commercial banks to make up for shortfall in priority sector loan targets. Banks have lowered their contribution to the RIDF from 60 percent in 2008-09 to nearly 18 percent today, which needs to go up. … [Read more...] about Agri finance: Another year, another panel. Will things change?