What happened in the 1992 Scam?
Introduction: In the annals of India’s financial history, the year 1992 stands out as a watershed moment marked by upheaval and scandal. The stock market scam of 1992, also...
What is the Bank Rate and why does it matter?
At its core, the bank rate represents the interest rate at which central banks lend funds to commercial banks within a country’s financial system. It serves as a benchmark...
What is the difference between Inflation and Recession?
Defining Inflation and Recession: 1. Inflation: Inflation refers to the sustained increase in the general price level of goods and services in an economy over a specific period. It...
What is Financial Transparency and why is it important?
Financial transparency encompasses a range of practices aimed at providing stakeholders, including investors, shareholders, regulators, and the general public, with visibility into an organization’s financial affairs. This includes disclosing...
How did Bernard Madoff carry out his Ponzi scheme?
The Bernard Madoff Ponzi scheme stands as one of the most infamous episodes in financial history, leaving a trail of devastation in its wake. A mastermind of deception, Madoff’s...