Greece Sovereign Debt Crisis

What is sovereign debt crisis?

  • A sovereign debt crisis is generally defined as economic and financial problems caused by the inability of a country to pay its public debt. This usually happens when a country reaches critical high debt levels and suffers from low economic growth.
  • On 30th June 2015 Greece missed its deadline to repay the International Monetary Fund 1.6 billion euros ($1.7 billion) and hence triggered sovereign debt crisis.



Impact of GST on Indian Economy

  • According to a report by the National Council of Applied Economic Research, GST is expected to increase economic growth by between 0.9 per cent and 1.7 per cent.

Impact on Industry & Business

  • Indian manufacturing sector considered as one of the highly taxed sectors in the world. GST would eliminate complexities in the present taxation structure and remove cascading effect which ultimately results in lower production cost. Service Section will also get benefited because of seamless availability of tax credit.


14 Facts That Will Make You Feel Proud To Be An Indian

  • India is a land of diversity.
  • We are home to more than a hundred different languages and have a history that goes back thousands of years.
  • Over the period, we have made discoveries that have changed the course of the world’s history.
  • Here’s a small reminder of why India is special.


  • When disaster strikes, it is best to be prepared. Protection is the key when faced with danger, and life insurance policy acts as a shield that keeps the harm and loss at bay.

How to find optimum sum assured

  • Given that it is used by people to not only protect themselves but also their belongings and loved ones, how does one decide that a particular level of insurance, especially life insurance would be enough?

  • On May 15, 2014, as the nation waited for the general election results and it was almost certain that Narendra Modi would be the CEO of India for the next five years, I had recommended 10 things India’s new Prime Minister should do. With just over a year since then and the government about to complete year 1 in power, a lot has happened in the country.
  • Modi has traveled the world, his party, in coalition, has formed the state government in Jammu & Kashmir; BJP has had moderate successes in other elections but was routed in Delhi by the Aam Aadmi Party. Most visibly, the government, although having an absolute majority in the Lok Sabha, is struggling to take the opposition along in the Rajya Sabha, where it is woefully short in numbers, and that has meant several important legislations are stuck.


The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement:

  • India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold each year.
  • Though stocks of gold in India are estimated to be over 20,000 tonnes, most of this gold is neither traded, nor monetized.

Financial Management