Manthan-2018

Finance graduates cannot deliver in the VUCA world without the knowledge and understanding of the macro economy and government policies. What can be a more stimulating agent for the economy than the Union Budget, when the entire financial market reacted with every word from the finance minister. TAPMI, Manipal leaves no stone unturned in imparting experiential learning. Like every year, in context with the Union Budget 2018, Manthan 2018 was organized, on 10th March. This year marked the 4th edition of the annual budget conclave and the Finance Forum hosted 8 prominent guests from various fields of finance. The two-day event, brings together Economists CXO’s, Bankers, Regulators, fund managers and students to discuss recent trends, emerging issues challenges and opportunities in the industry.

manthan 2018

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Green Bonds

By Vijeta Singh

Green bonds are like regular bonds, but the money raised from these bonds goes towards the funding of ‘green’ business activities or projects in fields such as renewable energy, sustainable waste management, etc. These bonds are generally certified by Green Bond Principles (issued by International Capital Market Association) and Climate Bond Standards (issued by Climate Bonds Initiative) to ensure they are to finance projects that would generate environmental benefits.

These bonds can be in different forms, the most common being the full recourse green bond which is earmarked exclusively for environmentally beneficial projects. There are other varieties such as green ‘use of proceed’ revenue bonds and green securitized bonds.

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THE YELLOW METAL IN PORTFOLIO

By Koshica Oberoi

The demand for the yellow metal- gold is not just for consumption but it is also driven by investment. So, now let’s look at how price including various other factors affect the investment demand for gold. The gold prices have stopped rallying, unlike 2012, when gold prices were racing up due to growing consumer demand in India along with expected demand from investors pushed up the prices to spectacular heights.

The surge in price of gold halted by the end of 2015, considered to be the base for many years. Although gold prices have delivered gains of 30% since 2015, there are today many factors exerting compelling pressures on gold prices- some propelling them further and others dampening them. The highest consumers of gold, India and China, witness a decline in the demand because of which it is expected that the consumer demand will remain flat. Therefore, it is investment demand for gold that will support the gold prices. The recent scenario of increasing geopolitical tensions, inflation and unceasing rally made by stocks in India and US, makes gold a safe haven and an attractive diversifier for the investors. The demand for gold can be classified as follows:

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Fino-Graphic #3 – L.O.U.

– Prasun Banerjee,   Editor TJEF

The banking system functions on the very foundation of trust between the lender and the creditor. Businessmen borrow money to build assets which supposedly churn more money when put to use. These businesses should have the competitive advantage to repay not only the principle but also the timely interests attached with the borrowed sum from the banks. Yet, history has numerous examples, when people tried to dupe the system and exploit loopholes to embezzle.

One such facility (/loophole) being employed on Indian banks have recently heated up the socio-political environment. The dent that has been caused on the coffer of Punjab National Bank (PNB) is in the tune of one-third of the re-capitalization amount that the bank is allocated. The LOUs which have led to such a massive loss, is being explained in a pictorial format.

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