The ₹80 Crore Fine Print: How Bira 91's Name Change Became a Regulatory Nightmare What if a simple name change cost your company ₹80 crore and months of lost sales? That’s exactly what happened to Bira 91 — one of India’s most loved and rapidly growing craft beer brands. In the blistering, competitive landscape of India's startup ecosystem, founders are perpetually focused on disruption, market share, and aggressive fundraising. The mantra is often: "Go fast and break things." Yet, this case study proves that sometimes, the biggest threat to growth isn't a competitor, but the seemingly mundane, labyrinthine world of regulatory compliance . Bira 91’s regulatory struggles after a seemingly minor corporate name change offer a chillingly precise lesson. It's a testament to the fact that in a highly regulated sector like alcoholic beverages, even the smallest structural alteration can trigger a regulatory domino effect leading to massive financial and operationa...
What is Public Finance? Detailed Explanation Finance, to the layman, would mean budgeting, saving, and investment at a personal level. However, there is an equally important, if not so noticeably apparent, area of finance: that of public finance. Public finance forms a major function in any country's economic setup and is something which, one way or another, touches upon the life of each and every citizen. Now, in this comprehensive overview, we come to look at what Public Finance exactly means, what its major components are, and how it affects India. Definition of Public Finance Public finance refers to the collection of revenue and its administration and spending by governments. In fact, its functional area relates but does not pertain to an overall perspective concerning taxation, budgeting, expenditure, and borrowings. To phrase it in a single phrase, public finance infuses the financial backbone of government functions; in other terms, it hails a means of efficient resource...