EPOCH IDEAS

  Privatization Of Public Sector:   Meaning : It means the transfer of ownership, management, and control of the public sector                            enterprises to the private sector.             Privatization of the public sector companies by selling off parts of the equity of PSEs to the    public is known as disinvestment . Ways of Privatization:           Govt. companies are transformed into private companies in two ways: Transfer of Ownership:              (i) By withdrawal of the Govt. from ownership and management of public sector companies.           (ii) By the outright sale of public sector companies.        2. Disinvestment:                     (i) Privatization of the public sector undertaking b...

          Role of digitalization in banking What is meant by digitalization :-                                                                          Digitalization is the process of   converting data into digital format . Digitalization means the   adoption of technology . But these two words are being used interchangeably. Role of digitalization in banking :- Banks are not just a part of our lives, but have a significant role in our daily lives. For many, day will not end without at least a single financial transaction. Thus banks always try to adopt latest technologies to enhance customer experience. Digitalization is not an option for banking industry, rather it is inevitable  because every industry is being digitized and banking sector is no exception. Mobile...

THE ROLE OF FINANCIAL INSTITUTIONS IN ECONOMIC DEVELOPMENT Abstract:  This study explores the multifaceted role of financial institutions in fostering economic development. Financial institutions, including banks, investment firms, and central banks, serve as critical intermediaries in the economic landscape. They play a pivotal role in capital mobilization, efficiently channeling savings into productive investments that fuel economic growth. By providing financing to businesses and entrepreneurs, these institutions contribute to the creation of jobs and the expansion of economic activities. Risk management is another integral function, with financial institutions diversifying and mitigating risks through various instruments. Financial institutions also act as catalysts for inclusive development, promoting financial literacy and extending services to marginalized populations.  In the context of developing economies, microfinance institutions play a crucial role in empowering u...

What is Ed-tech ? The bold idea of ‘Educational Technology’ or Ed-Tech is nothing new. The industry has been through some rough times since its inception, but with the current crisis in American education, there is renewed interest and investment. Ed-Tech companies or startups are everywhere, with new and innovative ideas about how to improve public education and minimize cost.                                                                                                                          One success story in the EdTech companies’ industry is Pearson . It is one of the leading learning companies, having introduced its first EdTech accelerator program in February 2013. The Telegra...

Introduction : On 16th January 2016, Prime Minister Narendra Modi launched the  Start Up India  Action Plan, with an aim to build a strong eco-system for nurturing innovation and Startups in the country. Three years on, India has transformed into a big startup ecosystem in the world. The government has been working towards recognising the real potential of startups operating across diverse segments. The govt’s  focus has been on three C’s – capital, courage and connections  –  which Prime Minister Modi describes as the main pre-requisites for setting up a business. Due to this, there has been a significant rise in entrepreneurs, particularly from Tier-2 and Tier-3 cities. The participation of women has also increased under the Startup India programme. About Startup India Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic...