Finance and Economy

Hawala Scandal India

Hawala Scandal

The Hawala scandal was a major Indian financial scam involving black money sent by politicians through hawala brokers in 1991. Some of the country’s top politicians were implicated in an 18-million-dollar bribery scandal. How did Scam become well-known?  After getting arrested in 1991, Ashfaq Hussain, a suspected member of the terrorist organization revealed large-scale payments …

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RULE of 72

RULE of 72: Layman’s Tool To Calculate Time To Double Your Money

Rule 72 – It is a name of a simple way for finding the time period required to double your money at certain interest rate per period (e.g., per year). It is mostly use for mental calculations or when only simple calculator is available for calculations. Basically, It is used for estimating an approximation of …

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Harshad Mehta SCAM 1992

The Harshad Mehta Scam: BSE Ka Bachchan!

In 1992, the Harshad Mehta scam wiped out more than a third of the market valuation and led to many changes made in the Indian stock market by the government. Harshad Mehta’s $1.3 billion stock market manipulation paved the way for more robust, stricter, and intelligent market regulation. He convinced banks to transfer funds to …

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Financial Scams in India Between 2010-2022

Major Financial Scams in India Between 2010-2022 (Part-3)

1. Commonwealth Games Scam 2010 When India hosted the Commonwealth Games in 2010, approximately 70,000 crores were stolen from the country’s coffers. It is estimated that only half of the money set aside for Indian athletes was spent. The organizing committee of the 2010 Commonwealth Games in India awarded Swiss timings a contract worth 141 …

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Financial Scams in India Between 2000-2010

Major Financial Scams in India Between 2000-2010 (Part-2)

1. Ketan Parekh securities scam 2001 Ketan Parekh was a trainee at GrowMore, Harshad Mehta’s company. He was a suspect in several frauds in which Growmore was involved. When the dot-com bubble burst in the late 1990s, he began investing in low-liquidity IT and telecom firms. Because of the significant increase in the value of K-10 …

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Financial Scams in India Between 1990-2000

Major Financial Scams in India Between 1990-2000

In recent years, we have all witnessed numerous financial scams in India involving the losses of thousands of crores of rupees. In this article, we will discuss the significant financial scams in India. Remember, these are only the ones that have been revealed and many are yet to be uncovered. The number of people involved …

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Financial Planning Vs Financial Management

Difference Between Financial Planning and Financial Management

Introduction When it comes to financial management and financial planning, there is a big difference between the two. Financial management is the process of monitoring and controlling a company’s financial resources. Financial planning, on the other hand, is the process of creating a plan that will help you achieve your financial goals. If you are …

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Wealth Management vs Financial Planning

Wealth Management vs Financial Planning

What is Wealth Management? Wealth management is a financial consulting service that provides investment advice with other financial services to meet the needs of wealthy clients. The advisor gathers the information about the customer’s wants and particular scenarios through a consultative process and then tailors a personalised strategy that includes a variety of financial products …

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