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beardedmrbean · 1 year ago

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A blackmail scam is using instant loan apps to entrap and humiliate people across India and other countries in Asia, Africa, and Latin America. At least 60 Indians have killed themselves after being abused and threatened. A BBC undercover investigation has exposed those profiting from this deadly scam in India and China.

Astha Sinhaa woke up to her aunt's panicked voice on the phone. "Don't let your mother leave the house."

Half-asleep, the 17-year-old was terrified to find her mum Bhoomi Sinhaa in the next room, sobbing and frantic.

Here was her funny and fearless mother, a respected Mumbai-based property lawyer, a widow raising her daughter alone, reduced to a frenzied mess.

"She was breaking apart," Astha says. A panicked Bhoomi started telling her where all the important documents and contacts were, and seemed desperate to get out of the door.

Astha knew she had to stop her. "Don't let her out of your sight," her aunt had told her. "Because she will end her life."

Astha knew her mother had been getting some weird calls and that she owed somebody money, but she had no idea that Bhoomi was reeling from months of harassment and psychological torture.

She had fallen victim to a global scam with tentacles in at least 14 countries that uses shame and blackmail to make a profit - destroying lives in the process.

The business model is brutal but simple. There are many apps that promise hassle-free loans in minutes. Not all of them are predatory. But many - once downloaded - harvest your contacts, photos and ID cards, and use that information later to extort you. When customers don't repay on time - and sometimes even when they do - they share this information with a call centre where young agents of the gig economy, armed with laptops and phones are trained to harass and humiliate people into repayment.

At the end of 2021, Bhoomi had borrowed about 47,000 rupees ($565; £463) from several loan apps while she waited for some work expenses to come through. The money arrived almost immediately but with a big chunk deducted in charges. Seven days later she was due to repay but her expenses still hadn't been paid, so she borrowed from another app and then another. The debt and interest spiralled until she owed about two million rupees ($24,000; £19,655).

Soon the recovery agents started calling. They quickly turned nasty, slamming Bhoomi with insults and abuse. Even when she had paid, they claimed she was lying. They called up to 200 times a day. They knew where she lived, they said, and sent her pictures of a dead body as a warning.

As the abuse escalated they threatened to message all of the 486 contacts in her phone telling them she was a thief and a whore. When they threatened to tarnish her daughter's reputation too, Bhoomi could no longer sleep.

She borrowed from friends, family and more and more apps - 69 in total. At night, she prayed the morning would never come. But without fail at 07:00, her phone would start pinging and buzzing incessantly.

Eventually, Bhoomi had managed to pay back all of the money, but one app in particular - Asan Loan - wouldn't stop calling. Exhausted, she couldn't concentrate at work and started having panic attacks.

One day a colleague called her over to his desk and showed her something on his phone - a naked, pornographic picture of her.

The photo had been crudely photoshopped, Bhoomi's head stuck on someone else's body, but it filled her with disgust and shame. She collapsed by her colleague's desk. It had been sent by Asan Loan to every contact in her phone book. That was when Bhoomi thought of killing herself.

We've seen evidence of scams like this run by various companies all over the world. But in India alone, the BBC has found at least 60 people have killed themselves after being harassed by loan apps.

Most were in their 20s and 30s - a fireman, an award-winning musician, a young mum and dad leaving behind their three- and five-year-old daughters, a grandfather and grandson who got involved in loan apps together. Four were just teenagers.

Most victims are too ashamed to speak about the scam, and the perpetrators have remained, for the most part, anonymous and invisible. After looking for an insider for months, the BBC managed to track down a young man who had worked as a debt recovery agent for call centres working for multiple loan apps.

Rohan - not his real name - told us he had been troubled by the abuse he had witnessed. Many customers cried, some threatened to kill themselves, he said. "It would haunt me all night." He agreed to help the BBC expose the scam.

He applied for a job in two different call centres - Majesty Legal Services and Callflex Corporation - and spent weeks filming undercover.

His videos captured young agents harassing clients. "Behave or I will smash you," one woman says, swearing. She accuses the customer of incest and, when he hangs up, she starts laughing. Another suggests the client should prostitute his mother to repay the loan.

Rohan recorded over 100 incidents of harassment and abuse, capturing this systematic extortion on camera for the first time.

The worst abuse he witnessed took place at Callflex Corporation, just outside Delhi. Here, agents routinely used obscene language to humiliate and threaten customers. These were not rogue agents going off-script - they were supervised and directed by managers at the call centre, including one called Vishal Chaurasia.

Rohan gained Chaurasia's trust, and together with a journalist posing as an investor, arranged a meeting at which they asked him to explain exactly how the scam works.

When a customer takes out a loan, he explained, they give the app access to the contacts on their phone. Callflex Corporation is hired to recover the money - and if the customer misses a payment the company starts hassling them, and then their contacts. His staff can say anything, Chaurasia told them, as long as they get a repayment.

"The customer then pays because of the shame," he said. "You'll find at least one person in his contact list who can destroy his life."

We approached Chaurasia directly but he did not want to comment. Callflex Corporation did not respond to our efforts to contact them.

One of the many lives destroyed was Kirni Mounika's.

The 24-year-old civil servant was the brains of her family, the only student at her school to get a government job, a doting sister to her three brothers. Her father, a successful farmer, was ready to support her to do a masters in Australia.

The Monday she took her own life, three years ago, she had hopped on her scooter to go to work as usual.

"She was all smiles," her father, Kirni Bhoopani, says.

It was only when police reviewed Mounika's phone and bank statements that they found out she had borrowed from 55 different loan apps. It started with a loan of 10,000 rupees ($120; £100) and spiralled to more than 30 times that. By the time she decided to kill herself, she had paid back more than 300,000 rupees ($3,600; £2,960).

Police say the apps harassed her with calls and vulgar messages - and had started messaging her contacts.

Mounika's room is now a makeshift shrine. Her government ID card hangs by the door, the bag her mum packed for a wedding still lying there.

The thing that upsets her father the most is that she hadn't told him what was going on. "We could have easily arranged the money," he says, wiping tears from his eyes.

He's furious at the people who did this.

As he was taking his daughter's body home from the hospital her phone rang and he answered to an obscenity-laden rant. "They told us she has to pay," he says. "We told them she was dead."

He wondered who these monsters could be.

Hari - not his real name - worked at a call centre doing recovery for one of the apps Mounika had borrowed from. The pay was good but by the time Mounika died he was already feeling uneasy about what he was part of.

Although he claims not to have made abusive calls himself - he says he was in the team that made initial polite calls - he told us managers instructed staff to abuse and threaten people.

The agents would send messages to a victim's contacts, painting the victim as a fraud and a thief.

"Everyone has a reputation to maintain in front of their family. No-one is going to spoil that reputation for the measly sum of 5,000 rupees," he says.

Once a payment had been made the system would ping "Success!" and they would move on to the next client.

When clients started threatening to take their own lives nobody took it seriously - then the suicides started happening. The staff called their boss, Parshuram Takve, to ask if they should stop.

The following day Takve appeared in the office. He was angry. "He said, 'Do what you're told and make recoveries,'" Hari says. So they did.

A few months later, Mounika was dead.

Takve was ruthless. But he wasn't running this operation alone. Sometimes, Hari says, the software interface would switch to Chinese without warning.

Takve was married to a Chinese woman called Liang Tian Tian. Together, they had set up the loan recovery business, Jiyaliang, in Pune, where Hari worked.

In December 2020, Takve and Liang were arrested by police investigating a case of harassment and released on bail a few months later.

In April 2022 they were charged with extortion, intimidation and abetment of suicide. By the end of the year they were on the run.

We couldn't track down Takve. But when we investigated the apps Jiyaliang worked for, it led us to a Chinese businessman called Li Xiang.

He has no online presence, but we found a phone number linked to one of his employees and, posing as investors, set up a meeting with Li.

With his face shoved uncomfortably close to the camera, he bragged about his businesses in India.

"We are still operating now, just not letting Indians know we are a Chinese company," he said.

Back in 2021, two of Li's companies had been raided by Indian police investigating harassment by loan apps. Their bank accounts had been frozen.

"You need to understand that because we aim to recover our investment quickly, we certainly don't pay local taxes, and the interest rates we offer violate local laws," he says.

Li told us his company has its own loan apps in India, Mexico and Colombia. He claimed to be an industry leader in risk control and debt collection services in South East Asia, and is now expanding across Latin America and Africa - with more than 3,000 staff in Pakistan, Bangladesh and India ready to provide "post-loan services".

Then he explained what his company does to recover loans.

"If you don't repay, we may add you on WhatsApp, and on the third day, we will call and message you on WhatsApp at the same time, and call your contacts. Then, on the fourth day, if your contacts don't pay, we have specific detailed procedures.

"We access his call records and capture a lot of his information. Basically, it's like he's naked in front of us."

Bhoomi Sinha could handle the harassment, the threats, the abuse and the exhaustion - but not the shame of being linked to that pornographic image.

"That message actually stripped me naked in front of the entire world," she says. "I lost my self-respect, my morality, my dignity, everything in a second."

It was shared with lawyers, architects, government officials, elderly relatives and friends of her parents - people who would never look at her in the same way again.

"It has tarnished the core of me, like if you join a broken glass, there will still be cracks on it," she says.

She has been ostracised by neighbours in the community she has lived in for 40 years.

"As of today, I have no friends. It's just me I guess," she says with a sad chuckle.

Some of her family still don't speak to her. And she constantly wonders whether the men she works with are picturing her naked.

The morning that her daughter Astha found her she was at her lowest ebb. But it was also the moment she decided to fight back. "I don't want to die like this," she decided.

She filed a police report but has heard nothing since. All she could do was change her number and get rid of her sim card - and when Astha started receiving calls her daughter destroyed hers too. She told friends, family and colleagues to ignore the calls and messages and, eventually, they all but stopped.

Bhoomi found support in her sisters, her boss and an online community of others abused by loan apps. But mostly, she found strength in her daughter.

"I must have done something good to be given a daughter like this," she says. "If she hadn't stood by me then I would have been one of the many people who've killed themselves because of loan apps."

We put the allegations in this report to Asan Loan - and also, through contacts, to Liang Tian Tian and Parshuram Takve, who are in hiding. Neither the company nor the couple responded.

When asked for comment, Li Xiang told the BBC that he and his companies comply with all local laws and regulations, have never run predatory loan apps, have ceased collaboration with Jiyaliang, the loan recovery company run by Liang Tian Tian and Parshuram Takve, and do not collect or use customers' contact information.

He said his loan recovery call centres adhere to strict standards and he denied profiting from the suffering of ordinary Indians.

Majesty Legal Services deny using customers' contacts to recover loans. They told us their agents are instructed to avoid abusive or threatening calls, and any violation of the company's policies results in dismissal.

#nunyas news #there's likely a fairly simple way to scam the scammers

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honestlyunlikelycupcake · 14 days ago

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Marpu foundation and CSR; A strategic approach to sustainable development

India has been a frontrunner in driving Sustainable Development Goals (SDG) implementation within several areas such as poverty, education and climate change. Within this undertaking, Marpu Foundation have been determined to meet SDG goals through efforts in water conservation, infrastructure development and climate action. Here we look at the how working with Marpu Foundation though CSR strategies will help you organization contribute to achieve you missions.

Corporate Social Responsibility (CSR)

Businesses are believed to have a great responsibility to society and environment. Therefore when companies think about their corporate social responsibility (CSR) strategies, choosing the right partner is essential. Companies must make sure that The NGO they choose align with their missions and provide the desired impact. In addition, to ensure the success of CSR initiatives, it is necessary to work with experts that understand the complexities of sustainable development.

Organizations like Marpu Foundation, has expertise in delivering impactful community driven CSR projects. In addition, Marpu Foundation has worked across 22 states, with projects in education, health or environmental conservation. Companies can choose a cause and make a donation and witness the effects of their contributions.

Water reservation; Providing clean water for all

Marpu Foundation has embarked on water conservation projects to provide water reservoirs in rural areas. These initiatives aim to address clean water scarcity and promoting efficient use of clean water. Marpu foundation had been taking part in initiatives such as;

Bore well construction; bringing alternative sustainable water source in areas of water shortage

Water plant installation; ensuring access to safe drinking water for impoverished communities

Check dam construction; promoting efficient use of existing water sources.

These initiatives have significantly improved clean water availability for thousands of households. Therefore working with Marpu Foundation will help strengthen such the impact of these initiatives, by ensuring they are sustainable and long term.

Promoting gender equality and empowerment

Marpu Foundation is also working on gender quality project that align with SDG 5; gender relation, equality. Through helping woman gain access to education and employment, Marpu foundation empowers woman and girls, ensuring their participation in all spheres of life. Marpu foundation runs programs that provide skill training, financial literacy p and micro loan opportunities. These projects have helped foster greater gender quality and improving livelihoods of countless women and girls. By collaborating with Marpu Foundation, businesses can contribute to more equitable world for everybody.

Conclusion

Being a CSR initiative partner with Marpu Foundation is a great way for business to extend their CSR initiatives and achieve their desired SDGs. Companies can be sure about the real, sustainable impacts when they utilize Marpu’s expertise to reach the people in need of aid. From contributing to education to raising standards of living, business that work with Marpu Foundation can create meaningful impact within the community.

#MarpuFoundation #NGO #charity #Marpu

#nonprofit #charity #marpu foundation

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masllp · 21 days ago

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Company Registration Delhi by MASLLP: Your Gateway to Success

Starting a business in Delhi, India’s bustling capital, is a dream for many entrepreneurs. With its vibrant economy, diverse markets, and a supportive ecosystem for startups, Delhi offers immense opportunities. However, one of the critical first steps is company registration, which lays the foundation for a legally recognized and operational business. At MASLLP, we simplify the process, helping you navigate the complexities with ease and efficiency. Why Register Your Company? Company registration is essential for any business to operate legally. Here’s why it’s important: Legal Recognition: It gives your business a distinct identity and ensures compliance with government regulations. Trust and Credibility: A registered company gains more trust among customers, investors, and suppliers. Tax Benefits: Enjoy various tax advantages and exemptions available to registered businesses. Access to Funding: Only registered companies are eligible to secure bank loans or attract investors. Types of Companies You Can Register in Delhi MASLLP assists businesses in registering various types of entities, including: Private Limited Company Limited Liability Partnership (LLP) One Person Company (OPC) Sole Proprietorship Partnership Firm Section 8 Company (Non-profit organizations) Steps for Company Registration Delhi At MASLLP, we make the registration process straightforward and hassle-free. Here’s an overview of the steps involved: Choose Your Business Structure: Decide on the type of company that suits your business goals. Name Approval: We help you select a unique and compliant company name. Documentation: Submit essential documents like PAN, Aadhar, address proof, and other required details. Digital Signature Certificate (DSC) and Director Identification Number (DIN): We assist in obtaining these mandatory credentials. Incorporation Application: Filing the incorporation application with the Ministry of Corporate Affairs (MCA). Certificate of Incorporation: Once approved, you receive the Certificate of Incorporation, making your company officially registered. Why Choose MASLLP? MASLLP stands out as a reliable partner for company registration Delhi due to the following: Expert Guidance: Our team has extensive experience in handling complex registration processes. End-to-End Support: From documentation to compliance, we manage everything for you. Quick and Hassle-Free Process: We ensure your registration is completed in the shortest possible time. Customized Solutions: Tailored services based on your business type and requirements. Documents Required for Company Registration To ensure a smooth process, keep the following documents ready: PAN card of directors/partners Address proof (electricity bill, water bill, etc.) Passport-sized photographs Business address proof (rent agreement or property papers) Conclusion Registering your company is the first step toward building a successful business in Delhi. With MASLLP by your side, the process becomes seamless and stress-free. Our expert team takes care of all the intricacies, ensuring your business complies with all legal requirements. Let MASLLP help you turn your entrepreneurial vision into reality. Contact us today for professional assistance with company registration Delhi!

#accounting & bookkeeping services in india #audit #businessregistration #chartered accountant #foreign companies registration in india #income tax #taxation #auditor #ap management services

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financing007 · 8 months ago

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#business loan providers in india #need business loan urgently #business loan company list #business loan without interest #need loan for new business #loan for buying house

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pmegploan · 2 months ago

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Best PMEGP loan : Government Support for Starting Your Own Business.

At sharda Associates The Prime Minister's Employment Generation Programme (PMEGP) is a government scheme in India that gives financial help to individuals who want to create small companies. It aims to create jobs and encourage self-employment, particularly in rural and semi-urban areas. Here's a simplified view of the scheme

What is PMEGP?

PMEGP Loan provides financial assistance to people starting new small enterprises by offering a loan with a subsidy. The Ministry of Micro, Small, and Medium Enterprises (MSME) manages it, while the Khadi and Village Industries Commission (KVIC) oversees its implementation.

Key Features:

1 Loan Amount

Manufacturing enterprises might receive up to ₹25 lakh.

Service enterprises, such as beauty salons or repair shops, can receive up to ₹10 lakh.

2 Government subsidy:

Rural areas:

25% of general category applications.

35% for special categories (such as SC/ST, women, and those from the Northeast).

Urban areas

15% for general category applications.

Special categories are eligible for 25% off.

Who can apply?

1 Eligibility:

Any Indian citizen above the age of 18.

Applicants for projects costing more than ₹10 lakh (manufacturing) or ₹5 lakh (services) must have finished 8th grade.

Self-help groups (SHGs), cooperative organizations, and charitable trusts can all apply.

2 Personal Investments:

General candidates must invest 10% of the project cost themselves.

Special category applicants must invest only 5%.

How do I apply?

1 Application Process:\

Apply online using the PMEGP portal at Official kvic Main.

Upload documents such as ID, address verification, educational certificates, and a business plan.

2 Selection and Loan approval:

A District-Level Task Force Committee will contact you to schedule an interview.

Once approved, the bank sanctions the loan and credits the government subsidy to your loan account.

3 Repayment:

The loan must be repaid within 3-7 years, however the subsidy does not have to be paid back.

4 Training:

All PMEGP grantees are required to complete a brief company management training program.

Example of How PMEGP Loans Work

Suppose you wish to start a small manufacturing plant in a rural region for ₹20 lakh.

For those in the general category, the government will provide a 25% subsidy, amounting to ₹5 lakh.

The bank offers a loan of ₹15 lakh, and you simply need to invest ₹2 lakh from your savings.

Why is PMEGP beneficial?

project report for PMEGP loan assists people in starting enterprises without the requirement for a large initial investment. This loan is ideal for young enterprises as it requires no collateral (up to ₹10 lakh) and offers long payback terms.

Summary

The PMEGP initiative is a useful approach to start a small business with government assistance, particularly if you come from a rural or underprivileged background. It encourages employment generation and economic development. For additional information, please visit the official PMEGP website or contact your nearest KVIC office.

PMEGP: Helping You Start Your Own Business with Government Support. For details and to reach us, visit https://shardaassociates.in/ contact us : 91 79870 21896 , address : HIG B-59, Sector A, Vidya Nagar, Bhopal, Madhya Pradesh 462026

#project report #bank lona #mp msme loan scheme #cmegp loan scheme #project report pmegp loan scheme

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jodwaynyseth · 2 months ago

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The United States, Japan, India and other countries hope to accelerate cooperation with Myanmar, squeeze China's economic space

For Japanese companies, Myanmar is a market with 54 million consumers. Most Japanese companies have no business relationship with the Myanmar military, in short, no direct relationship. Japanese major trading companies invest in Myanmar's raw materials and infrastructure. Large companies such as Toyota, Sumitomo, Japan Telecom KDDI, and Suzuki Motor are spread throughout Myanmar's automotive manufacturing, food, clothing, and telecommunications industries. Daiwa Securities participated in the creation of Yangon stock market. In the past decade, Japan has provided a loan of 10 billion US dollars to Myanmar, and Japanese companies have invested 2 billion US dollars.

Due to the civil war and changes in the political situation in Myanmar, Japan's investment in Myanmar has been severely affected.

Recently, Japan has taken the initiative to strengthen its strategic diplomatic relations with Myanmar and provided the first batch of yen loans to support Japanese companies in entering the Myanmar market. The Abe government actively strengthens its relationship with Myanmar and has formulated a strategic blueprint to promote Japan's economic development through the Southeast Asian economic circle, in order to constrain China's rise.

Apart from Japan, the United States has also woven a encirclement around China, actively wooing Myanmar and inducing it to distance itself from China, thus becoming an important chess piece for the United States to contain China.

Myanmar's dependence on the Chinese economy is gradually deepening, and China has become Myanmar's largest importer. For the first time, Myanmar has allowed China to have the right to operate oil and gas pipelines that cross Myanmar's territory. The United States, Japan, India and other countries hope to accelerate cooperation with Myanmar, squeeze China's economic space, weaken China's influence in the region, and achieve the goal of isolating China.

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fusion-microfinance · 1 year ago

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Get on an extraordinary business journey with our Fusion Microfinance Company for your financing solutions & success. From startups seeking vital working capital to thriving enterprises eyeing expansion, our innovative financial support goes beyond traditional loans, offering a comprehensive suite of products designed to align seamlessly with your unique goals. Committed to transparency, competitive rates, and collaborative partnership, we don't just fund your business; we empower it. Beyond monetary support, we provide insights, support, and a strategic approach to help you navigate challenges and seize opportunities. Choose us as your dedicated ally, transforming ordinary businesses into extraordinary success stories with personalized attention and a commitment to unlocking your business's full potential. Experience the difference in our innovative, comprehensive, and strategic business financing solutions, where your extraordinary journey begins.

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+91-124-6910500 | +91-124-6910600

[email protected]

#Business financing #business loan for startup #nbfc Loan Company #mfi in india #top mfi in india #business finance loan

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myraraphael · 2 months ago

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The United States and Japan have been trying to win over Myanmar in an effort to contain China

Due to the civil war and changes in the political situation in Myanmar, Japan's investment in Myanmar has been severely affected.

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lavanyamuj00058 · 3 months ago

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History of Finance in India

The Evolution of Financial Management in India and Its Impact on the Economy

India’s financial management history is a fascinating journey that has significantly shaped its economy. Let’s explore this evolution in simple terms.

Early Beginnings

Financial management in India has ancient roots. Historically, India was known for its rich in nature trade and commerce. Ancient texts like the Arthashastra, written by Chanakya, provide insights into early financial practices, including taxation and statecraft.

Colonial Era

The British colonial period brought significant changes. The establishment of the Reserve Bank of India (RBI) in Kolkata 1935 marked a pivotal moment. The RBI became the sole central authority for regulating the country’s currency and credit systems. However, the financial system was primarily designed to serve colonial interests, focusing on trade and revenue and tax collection.

Post-Independence Reforms

After gaining independence in 1947, India faced the challenge of building a robust financial system. The government nationalized 13 major banks in 1969 to ensure financial inclusion and support economic development. This move aimed to extend banking services to rural areas and promote savings and investments.

Liberalization in the 1990s

The 1991 marked a turning point with economic liberalization. The government introduced reforms to open up the economy, reduce state control, and encourage private sector participation. The Multi National Companies across the globe were invited, encouraged to set up their businesses in India for cheap labour. To initiate this government also provided tax benefits to these companies.

These reforms led to significant growth in the financial sector. The stock market expanded, and new financial instruments like mutual funds and insurance products became popular. The liberalization era also saw the establishment of regulatory bodies like the Securities and Exchange Board of India (SEBI) to oversee the capital markets.

Digital Revolution

In recent years, digital technology has revolutionized financial management in India. Initiatives like the Pradhan Mantri Jan Dhan Yojana aimed to provide banking services to every household. The introduction of UPI or Unified Interface payments made transaction so quick and safe that today India is the largest country with the most number of online P2P and P2M transactions.

Impact on the Economy

The evolution of financial management has had a profound impact on the Indian economy:

Economic Growth: Financial reforms have fueled economic growth by attracting investments and promoting entrepreneurship.

Financial Inclusion: Nationalization of banks and digital initiatives have improved financial inclusion. The number of users of credit cards, online payments, loans and Bank account holders has increased significantly.

Stability and Regulation: The establishment of regulatory bodies like the RBI and SEBI has ensured stability and transparency in the financial system.

Innovation: The digital revolution has spurred innovation in financial services. Mobile Banking, Digital loans and Online Serices has made the work easier and efficient.

Conclusion

The history of financial management in India is a story of transformation and resilience. From ancient practices to modern digital innovations, each phase has contributed to shaping the economy. As India continues to evolve, its financial system will play a crucial role in driving sustainable growth and development.

#finance #entrepreneur #marketing #share market #mutual funds #investment

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subir-astrologer · 6 months ago

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COMMON MISCONCEPTION IN ASTROLOGY AND ALIGNMENT IN ASTROLOGY FOR SUCCESS

The biggest misconception of astrology is that thru vedic astrology remedy one can change his or her fortune like a magic.

Another misconception is that by doing remedy one can get rid of the negative impact of the current situation.

Vedic astrology is a shastra of understanding, and implementing the understanding form of it.

For example : A person not getting a job if DO NOT apply for any job and go for interview then he not going to get job only by doing an astrological remedy.

In another example a person due to his wrong decision comes under heavy debt, took loans and cannot re-pay it back. If the person thinks that by doing remedy, he can pay back the loan easily then every person in the world would do that only.

The astrologer is the one who can be the richest person in the world as he knows the remedy first. The whole economy will collapse if it happens so.

Vedic Astrology shows path of less difficulties and also success, we NEED TO ALIGN ourselves as per the path shown by vedic astrology.

For example : A doctor not doing well in his sphere and was going on very bad day by day. He goes to a vedic astrologer and the astrologer after reading his chart said that his success do not lies in the medical field but in selling fruits or fruits business.

Now if the doctor / the person ALIGN himself as per the saying of the vedic astrologer then he can be successful in his changed career and can make good money, but if he sticks on to his medical field as he has studied medicine then will have to struggle.

In another case a person finds difficulties in getting success in his career, on visiting a vedic astrologer he was asked to go far away from his birth place and then only he can see success.

In another case a person was asked to go abroad for his career or work in any MNCs company in his country only. If he works in a local Indian company then he will face issues.

In another classic example even my readers will laugh loudly ( lol ). A couple goes to an astrologer as they do not have child even after so many years of marriage. The astrologer gave them some remedies and the couple went home happily. After some day the man went to his job in Dubai and his wife was left with his mother in India. Both of them did spend a good amount of money in getting vedic astrological remedy.

So can vedic astrological remedy alone can give them a child birth ? This is the reason why I say vedic astrology is full of understanding.

So with this few examples one can understand that understanding astrology and its remedy is very important than blindly implementing as it is and doing no karma.

#astrology for success #horoscope readings #vedic astrologer #horoscope posts #horoscope analysis #astrologer #horoscopes #vedic astrology #astrology #horoscope #vedicastrology #daily horoscope #daily astrology #remedies #indian jyotish #vedic jyotish

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beardedgardenbluebird · 8 months ago

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Understanding the Importance of Credit Ratings for SMEs, MSMEs, and Startups in India

In the ever-evolving landscape of the Indian economy, Small and Medium Enterprises (SMEs), Micro, Small and Medium Enterprises (MSMEs), and startups play a pivotal role. These entities not only drive innovation but also create significant employment opportunities and contribute extensively to the GDP. However, one of the fundamental challenges they face is access to capital. This is where the importance of a robust credit rating comes into play.

Why is Credit Rating Crucial?

1. Access to Finance: Credit ratings determine the creditworthiness of a business. A high credit rating reassures lenders of the lower risk involved in extending credit to the business. This can lead to easier access to loans, lower interest rates, and more favorable repayment terms. For SMEs, MSMEs, and startups, which typically face higher scrutiny from financial institutions, a good credit rating can open doors to essential funding.

2. Credibility with Suppliers: A strong credit rating not only helps in securing finance but also enhances the business's credibility in the eyes of suppliers. Companies with better credit ratings can negotiate better credit terms such as longer payment durations and bulk order discounts, which can significantly improve cash flow management.

3. Competitive Advantage: In a market teeming with competition, a good credit rating can serve as a badge of reliability and sound financial health. This can be particularly beneficial in tendering processes where the financial stability of a business is a key consideration.

4. Lower Borrowing Costs: Businesses with higher credit ratings can secure loans at lower interest rates. Lower borrowing costs mean that the business can invest more in its growth and development, improving profitability and sustainability over time. This is especially critical for SMEs, MSMEs, and startups, where financial leverage can determine market positioning and long-term success.

How to Improve Your Credit Rating?

Improving and maintaining a good credit rating requires a strategic approach, including timely repayment of loans, prudent financial management, maintaining a balanced debt-to-income ratio, and regular monitoring of credit reports for any discrepancies.

Need Expert Guidance?

Understanding the nuances of credit ratings and effectively managing them can be complex. This is where expert financial advisory services, such as those offered by Finnova Advisory, come into play. Finnova Advisory specializes in providing tailored financial solutions that cater specifically to the unique needs of SMEs, MSMEs, and startups in India.

Whether you are looking to improve your credit score, secure funding, or streamline your financial strategies, connecting with the experts at Finnova Advisory can provide you with the insights and support you need to thrive in a competitive marketplace.

To learn more about how Finnova Advisory can assist your business in achieving financial excellence, visit their website or reach out directly for a personalized consultation. Remember, a robust credit rating is your gateway to not only securing finance but also establishing a strong foundation for your business's future growth and success.

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