Article on " Fintech Revolution in India" by Bindu Kumari

 

   FINTECH REVOLUTION IN INDIA  

Bindu Kumari ,  Roll No. - 50 

Sem. - lV ( 2020- 2023)

                 

FINTECH : FINANCE + TECHNOLOGY

INTRODUCTION

Fintech which stands for financial technology is the term used to describe any technology that delivers financial services through software such as online banking, mobile payments app or even cryptocurrency. It help to develop unique and innovative models of assessing risk. Fintech has transformed the financial sector in India and is spreading around the world. Fintech has now started to be an important part of our daily life transaction.

Fintech is rapidly changing the face of the banking industry as several banks are now switching to digitalization as well as paperless and cashless processes. India is one of the fastest growing economies in the world. It transforms the people's lives. India becoming a hub for many fintech start-ups. Government initiatives promoting digitalization of financial systems and a cashless economy are another hope for shifting consumer focus towards better digital alternatives. The rapid growth of digital payments is growing.During the Covid-19 pandemic the entire population move drastically towards online modes of communication and works. Approximately 80% customer attracts towards digital market, customers is now three times higher than before the crisis.

GROWTH AND EXPANSION OF FINTECH IN  INDIA

The growth and expansion of the fintech in India has been done by a number of factors including the growing availability of smartphones, increased Internet access and high speed connectivity. In recent years, India's payments infrastructure has been improved with the introduction of new payments mechanism such as phonepe, paytm, goggle pay,  amazon pay, UPI, BHIM and others. The government's "MAKE IN INDIA" and "DIGITAL INDIA" projects also played a significant role in accelerating the adoption of fintech. On December 2021 PM Narendra Modi said that it was a time to convert fintech initiatives into a fintech revolution to provide a low cost and reliable payment system. The Indian fintech market currently stands as the third largest fintech ecosystem in the world behind the US and China.

 BIGGEST FINTECH STARTUP IN INDIA

Paytm is  India's number one biggest fintech startup. Paytm is founded in 2010 by Vijay Shekhar Sharma. It's headquarter is situated in Noida. Paytm is an Indian digital payment and financial services company. It offers financial services to customers through Mobile payment, online payment, bill payment, money transfer etc. It helps customers to settle down their transaction at anywhere.It change the lifestyles of customer and also help to save time, energy and money of customer for transfer of money. Paytm also help to settle down bills such as electricity, mobile, gas, cab etc. In August 2015 paytm receive license from RBI to establish paytm payment bank as a separate legal entity but the bank officialy inaugurated in November 2017. Paytm also launch paytm mall app which allows customer to online shopping. After the demonetization "Paytm Karo" is the famous Paytm tagline. 'Paytm Karo' means just transfer the money by using the app. Paytm helps to change the habits and behaviour of the Indian finamace sector.

FUTURE OF FINTECH IN INDIA        

Fintech offering customers faster financial services and product. Recently On December 9, 2021 Paytm signed an MoU with the skill development minister to train over 6000 young Indians in fintech through a six month course and even offer employement to eligible candidates. So the development of fintech industry is necessary for both global and Indian financial sector.

Article on "Do you want to become financially independent at your 20s?" by Shruti Chopra

 

Do you want to become financially independent at your 20s?

By Shruti Chopra, Roll No. 237

B.Com Semester IV, Session 2020-23

Do you want to learn how to make money out of money?

Yes, you read it right, you can be financially independent at your 20s, you can help your parents by reducing the burden of your educational expenses. There are a lot of ways of doing so, like; taking tuitions, doing part time jobs, etc. but today I am going to tell you about a source which is way more convenient but requires a good amount of knowledge and patience. Also it is not a children’s play .

Yes, you guessed it right. I am talking about stock market.

What is stock market

It is a place where regular activities of buying, selling and issuance of shares of publicly held companies take place. In the stock market one can also trade in financial instruments such as derivatives, bonds, mutual funds along with shares of a listed company.

Now, what are financial instruments?

A financial instrument is a contract between two parties, which can be traded and settled. The contract represents an asset to one party (the buyer) and a financial liability to the other party (the seller).

Ok, this is going to be very extensive and you might get bored, so just let’s not go into the depth of it; rather if anyone gets interested towards stock market by reading this blog can simply search on google, there is an ample amount of information available.

Now, you might be thinking about what are listed companies, and where are the actually listed?

So, here starts the main topic of this blog.

What is a listed company & where is it listed?

Imagine you want to buy a property and for that you do not have enough money of your own, so you decided to withhold some money from your friend in exchange of some interest. Similarly, companies do raise money from normal public by getting listed on an exchange. The sale of stock on the open market is one way to raise a great deal of money fast.

In general, company that what to grow and expand have a few ways to raise money.

·      They can borrow the money and pay interest on it.

·      They can seek private investors with deep pockets, who will expect a measure of control in return for their investment

·      They can go public and raise money through sale of share of the company.

What are stock market indices?

We all know a body moves when an external force act on it. Similarly, there are external and internal economic factors acting on a domestic market from all directions resulting in market trends. These trends are either upward or downward in nature. And to help you distinguish between the two trends, there is a metric called the stock market index.

A stock market index combines several stocks to create one aggregate value that investors use for measuring a market (e.g. Bombay Stock Exchange and National Stock Exchange).

In the Indian context, there are two major stock market indices used for evaluating markets: SENSEX and NIFTY. Indian investors can track changes in these indices value over time and use it as a benchmark against which to compare their own portfolio returns.

Now when investors talk about the market, it means thar these are stock market indexes of various sectors of the market that don’t always move in tandem. Because if the did, there would be no reason to have multiple stock market indices. Thus, by understanding of how stock market indices are created and how they differ, you will be able to make sense of the daily movement in the Indian marketplace.

Types of indices in Indian stock market;

·     Benchmark indices like BSE Sensex and NSE Nifty.

·     Brand- based indices like nifty 50 and BSE 100.

·     Market capitalization – based indices such as BSE Midcap and BSE Smallcap .

·     Sectoral indices such as CNX IT, Nifty FMCG, Nifty Bank Index, S&P BSE Oil and Gas, so on.

Apart from these, thematic indices are other type of indices in Indian stock market, which reflect the performance of broad- based investment themes.

 

Index	Price	Change	%Chg
NIFTY 50	16478.10	121.80	0.74
SENSEX	55320.28	427.79	0.78
NIFTY BANK	35085.40	139.25	0.40
NIFTY IT	29761.50	289.30	0.98
S&P BSE Smallcap	26039.27	61.27	0.24

                                                  Source ; moneycontrol.com

 

So readers, this topic is something that cannot be covered in one blog, to know it well one need to have a deep down research and go through a lot of blogs like this.

But to streamline your research, I have some recommendations of books and websites which will help you a lot to become a professional trader:

BOOKS :

·      NEW TRADER RICH TRADER

·      POWER OF YOUR SUBCONSCIOUS MIND

·      HAPPY MONEY

WEBSITE:

·      WWW.MONEYCONTROL.COM

 

Article on "Meta Marketing" by Shreya Sural

 Meta Marketing

Shreya Sural , Roll No. - 51

B.Com Semester - II (2021-24)

On 29^th of October, 2021 Mark  Zuckerberg made an stunning announcement  that Facebook will now be called META and as soon as this announcement happened the press went crazy , social media was on fire and the world finally realized that the next big thing in tech has actually arrived and just as we were trying to sink this in , Mr. Satya Nadella presented Microsoft's version of metaverse. NIKE has already its assets for the metaverse and H&M   has already opened a store in the metaverse and all of this reinforced the fact that metaverse is not just a fancy sci-fi looking concept but literally  the next version of internet itself.

But while most of us only know that it’s the next big thing very few of us know why exactly is the meta important, and most importantly what exactly is the utility value of the metaverse?

People by now already knows what metaverse is. Long story short, it is the virtual world wherein just like you and I can talk to anyone on Facebook even if that person is on the other side of the globe, in the metaverse  you can go one step ahead  and literally interact with that person, laugh with that person and even go to coffee with them in the virtual world as if you’re actually meeting them.  Furthermore because of this virtual world, just like we have these amazing game world like GTA5, WITCHER and FORTNITE, you can literally travel to these fascinating places and have a fantastic virtual experience with your friends.

Now, for entering into such a place you need to wear a giant box with a device on your hand to get into the metaverse .  If this box, its oculus will first of all cost you Rs.37000 and most importantly with the current internet bandwidth it’s not even possible to use the metaverse. Now here the question arises that why the companies like NIKE and H&M are aggressively trying to embrace that cannot even be used by most people.  Now if we take a step back and look into 2014, with Rs.180 per gb of internet cost who had the data pack to keep using net all time, although the technology to access the service was not that cheap or that accessible.  But then as time passed three things happened , the cost of internet dropped drastically , the speed of internet picked up drastically and most importantly because of cheap internet our priorities changed from data cost to memory allocation and hence streaming became viable and desirable as a service. This is how when three variables, i.e ,   technology of access , technology of connectivity and creators came on together and made many thing relevant in the Indian  market.

Now, if look metaverse closely,  it is on a very similar trajectory , we have services like Facebook meta or Nvidia’s omniverse which are metaverse services . The technology to access these services is a gadget like oculus which is extremely costly at the moment. We have creators in the metaverse which includes companies that will design worlds, maps, objects and games for the metaverse. Lastly, we have the internet speed that needs to be at least 120-150mbps to be able to access the metaverse seriously. This is where you need to trace the trajectory of these variables in the future. If you look at the past five years he cost of oculus has gone down from $599 to $299, the average speed of internet is about to touch 120mbps by 2025, by that time the companies will have enough products and services in the metaverse that can be utilized by people like you and me.

Now, the most important question is that why the hell do we need the metaverse and what is its utility value? For the gamers it’s obviously a paradise but what about others. There’s a fundamental nature in human beings which turned us from insignificant apes to the rulers of the planet. Mankind has a most important feature of bonding that is built by three attributes – experience  , engagement and expression.  This metaverse is one of the most important stepping stone to achieve the same because there will be a time when many people from many countries who will be able to interact together virtually. Metaverse can literally help us to break boundaries to build an incredible world that can spark creativity and innovation, which will give an organization three superpowers, training sessions can be transformed from  boring videos to immersive experience, secondly, virtual interaction can lead to better productivity and lastly the attrition rate will go down.

As the technology becomes more affordable, as internet becomes much faster and most importantly if individuals gets a platform of interacting freely virtually, metaverse as a concept will redefine the way human beings interact with each other.

THANK YOU