D J Academy for Managerial Excellence

 By Dr.Deepa Venugopal In a historic move, Indian Finance Minister Ms Nirmala Sitaraman in her 2022 budget presentation announced that India will be launching its own Digital Rupee by 2022-2023. This announcement has evoked mixed response from business and commoners. But what made Ms. Sitaraman take this big plunge? Let us get some quick facts about how India has outpaced the world in digital transactions. India recorded the highest number real time transactions in 2020 to the tune of $25.6 billion (more than 60% of China) surpassing China’s $15.7billion transactions & Korea’s $6 Billion transactions.  It is predicted that the value of these digital payments are likely to hit $1 Trillion by 2026. The success of India’s digital payment story can be attributed to high smartphone penetration, economical internet data, policy framework like UPI from NPCI, launch of BHIM – App, digital payments lead by BharatPe, Phonepay, Paytm, Razorpay, Gpay, Pinelabs etc. during the pandem...

 By Dr.P.Sangeetha “The state of the world today teaches us that self-Reliant is the only path” PLI Scheme – Production Linked Incentive Scheme (Potential to boost India’s Manufacturing) PLI scheme is an initiative started by Government of India in March 2020 to not only encourage foreign companies to find workforce in the country to generate employment, but to make India a competitive player in the global market and boost domestic manufacturing & exports. Through the PLI scheme, the Government intends to promote its flagship Make-In India program and it is a part of Atmanirbhar Bharat.   What is a PLI Scheme? PLI stands for Production Linked Incentives. The Government provides incentives for the companies that shows incremental sales of Indian manufactured products. It is a reward for increased domestic production. India’s Finance Minister has announced an outlay of INR 1.97 Lakh Crores for PLI Schemes across 13 key sectors in the Union budget 2021-22. Finance...

 By Dr.S.Johnsi Businesses as well as individuals learnt the value of money and the importance of savings during the pandemic like never before. The sudden announcement of lockdown, job loss and salary cuts led to personal financial crisis. Even after the lockdown many small businesses are closed and some have even slowed down. People have now realised the importance of savings as well as safe investments. Among the various alternatives, the oldest, safest and the most preferred investment choice is fixed deposit.   Investors diversify their investments into fixed income and variable income investment sources. Fixed deposits fall into the first category and it provides a regular and fixed return to the investors. Investors prefers to invest in risk free investment avenues like fixed deposits since the interest rates offered on fixed deposits are higher compared to the savings account balances.   Features of fixed deposit 1.       It is a safe ...