2024 is a leap year and an election year for many countries around the world. Nearly 66 democracies will be holding either general or major elections. Countries in the SAARC region, including India, Pakistan, Bangladesh, Sri Lanka, Maldives, and Bhutan (excluding Nepal & Afghanistan), will be among them. 🇮🇳 Additionally, #usa, #russia, #southafrica, #russia and #iran will all have their Presidential elections in 2024. 🇺🇸 🇬🇧 🇮🇷 🇿🇦 🇷🇺 The backbone of any election is politics and promises. Most promises are made to provide economic relief or benefits to citizens, whether it comes from an increase/decrease in taxes or government spending. At the end of the day, the economy is the gainer or sufferer and is reflected in GDP or currency movements. Will there be any turbulence in this leap year? Only time will tell.
Dr Ravi Modani’s Post
More Relevant Posts
-
Looking forward to an engaging discussion with the expertise and insights of this esteemed panel!
We're thrilled to unveil the esteemed panel for the second session, "Debut of Innovative Transaction Structures: Issuers' Perspective," at the 12th Securitisation Summit on May 15, 2024. Join us as we gain insights into ground breaking transaction structures from the issuer's viewpoint with the following industry leaders: Dr Ravi Modani [Moderator] - Founder & CEO, 121 Finance Limited Mr. Sandeep Balagopalan - President, Shriram Finance Limited Mr. Sanjay S.- Head-Treasury and Co-Lending, Kishht/Ring Mr. Kishore Lodha - Chief Financial Officer, Ugro Capital Limited Mr. Ashish Thekkekara - MD & Co-Founder, Capital Stack Mr. Nihas Basheer - Deputy Managing Partner, Wadia Ghandy & Co. Join us for an illuminating discussion on the evolution of transaction structures in securitisation! Reserve your seat now: [https://lnkd.in/edB-QMCm] #Securitisation #Innovation #IssuerPerspective #12thSecSummit #VKC
To view or add a comment, sign in
-
As we commemorate our 2nd anniversary as an NBFC-Factor, we express our sincerest gratitude to our regulator Reserve Bank of India (RBI), lenders, investors, customers, team, and vendors for their invaluable contributions. It is through their support that we have achieved significant milestones : - Being the 1st NBFC-ICC to get converted into an NBFC-Factor under The Factoring Regulation (Amendment) Act, 2021 - Emerging as the fastest-growing digital NBFC Factor in India - Becoming the largest independently owned NBFC-Factor in the country This milestone marks just the beginning of our pursuit of excellence and innovation in the financial sector. "The journey of a thousand miles begins with a single step.” ~Lao Tzu #factoring #msme #nbfcs #factoringfinance #tradefinance #supplychainfinance
Celebrating 2 Years as an RBI-Certified NBFC-Factor! A huge thanks to our incredible team, clients, stakeholders and everyone who's been a part of this journey. Together, we've achieved incredible things – but this is just the beginning! We're excited to unlock even greater possibilities for businesses in the years to come. #2ndAnniversary #NBFCFactor #FactoringFinance
To view or add a comment, sign in
-
We are deeply saddened to hear of the passing of Daniel Kahneman, the most prolific author on behavioral sciences, particularly behavioral economics. His influence on the field will undoubtedly live on. His works are relevant for all dealing with human decision makers, B2B or B2C, from finance to retail, all spheres of life. Rest in peace. #behaviouraleconomics #economics #psychology Read more about his legacy in this article: https://lnkd.in/gtg-b4k9
To view or add a comment, sign in
-
Is Data the new Barter? We have all been talking about Data as the new oil, however many experiences and the way world is moving, I feel Data is the new barter. If you have data, or you are willing to share your data, you can get anything or at least something in return, always, whether you are an individual, a company, Government, or transacting platform etc.. You do not need to have an oil well or oil processing company to make money! I feel today if anyone can collect data through a process (even as mundane as, manually capturing number plates of vehicles passing a particular point!), corelate it with multiple other related data, there is always someone willing to buy that. Yes, Data is the new Barter! Unlike physical commodities (such as oil), data is non-rivalrous. Multiple parties can use the same data simultaneously without diminishing its value. It’s not a zero-sum game; both companies and consumers benefit from sharing data. Recently after shopping at Shopperstop, I asked for an invoice copy, which they said will only come on mobile, so give your mobile number and I will get a copy. I denied to give my mobile number (data) and did not get anything (invoice). Later on my insistence, one employee on the till machine gave his number, for my invoice, got the invoice printed and gave to me! Is it fair? But that's barter! Today even after paying for goods or services, if you want after sales service, or reward points, you have to give data (mobile, email, name etc) and with all technology an entire profile has been created and as a barter we get the reward points. So for all the reward points, we are bartering our data! Even if you want to experience a website, you need to do a free login, so in lieu of the experience, you are giving the data to this experience for free. But just like currency is valuable and rules, regulations, regulators are required to Govern it and really make it sustainable, similarly Data being so valuebla and prone to misuse, new, evolving laws are required and many countries across the world are implementing their own data protection acts. In India, The Digital Personal Data Protection (DPDP) Act of 2023, is a law that emphasises data minimisation, storage limitation, and accountability, all businesses need to get ready. Earliest evidence of money dates back to around 3,000 BC in Mesopotamia, where the barter was converted into currency/money and this system is still evolving, with exchange controls, sanctions et al. It is anybody's guess, what stage is our current data and how/when will it really evolve into the right barter, specially with AI coming with iats own hunger for data. Each one of us need to play our role responsibly in using the data or the hunger of AI for data will eat us all. #entrepreneurship #dpdp #dataprivacy #data
To view or add a comment, sign in
-
Quality, reach and diversity of infrastructure defines the success or growth of any economy, from Singapore to United States! In these rapidly changing times, it is the Digital Public Infrastructure which defines the maturity, growth and sustainability of an economy and India leaves all countries much far behind in DPI. India Stack by ProductNation/iSPIRT has been behind several of these initiatives like UPI, Aadhaar etc.. I am happy and proud to be part of their OCEN initiative, which I think is the future of open networks in lending. This is the right middleware, replacing the old institutions of DSA, collection agencies, branches etc to borrower agents, Lenders, Payment Aggregators, derived data partners, technology service providers etc, basically fintechs each with its domain expertise! Democracy is about openness, transparency, power to the user and that is what OCEN stands for. Thanks Sagar Parikh for giving me this opportunity to share my thoughts on Factoring, Working Capital and OCEN. #msme #OCEN #india #digitalpublicinfrastructure #fintech #fintechs #fintechinnovation #innovation #technology
🌟 Transforming Indian MSMEs: Sagar Parikh and Dr Ravi Modani explore innovative financing solutions in a recent OpenHouse session. Discover actionable insights on democratizing credit, leveraging public networks like OCEN, and empowering micro-enterprises! #MSME #Finance #Innovation https://lnkd.in/gnAcHUu5
Unlocking Growth: The Power of Cash Flow Lending for MSMEs | Expert Insights with Dr. Ravi Modani - ProductNation
https://pn.ispirt.in
To view or add a comment, sign in
-
Government of Commonwealth of Northern Mariana Islands, an unincorporated territory and commonwealth of the United States, is planning to use Factoring to collect due taxes! Democratic SENATOR Celina Babauta, has recommended Govt & Governor to explore Factoring options to collect US$121 million of Government taxes! Indeed #factoring is the most versatile of financing product, with so many use cases and the best product to manage any type of receivables. Many Government across the world are taking Factoring very seriously, like India. https://lnkd.in/g33gmrzf 121 Finance
SENATOR Celina R. Babauta is recommending a way to accelerate the collection of delinquent taxes owed to the CNMI government. https://lnkd.in/gzRyvDEM
To view or add a comment, sign in
-
Honoured to have had a great interaction with His Excellency, Israeli Ambassador to India, Naor Gilon, today at Jaipur. His insights into India & Israel historical trade, from Diamonds to now defence, from technology for drip irrigation to hi-tech and opening of new frontiers in startup investments/guidance through was insightful. Inderjeet Singh also shared how Rajasthan is most suited to collaborate with Israel, in hitech with iStart Rajasthan and other initiatives for startups. India and Israel share a long history, starting from the Battle of Haifa to IMEC India Middle East Europe Economic Corridor. India has been investing a lot in Israel, SUN PHARMA's taking over of Taro and Libra or Adani Group taking over Haifa port. Insights from Natasha Zangin, about how hi-tech, fintech in Israel is b2b were eye-openers. It was a great program by FICCI. #India #Israel #startup #hitech #fintech #collaboration #trade #imec
To view or add a comment, sign in