10: Financial buzzwords came from crisis situations

Thursday, 30 December 2010, 18:40 Hrs
Printer Print Email Email
New Delhi: Every crisis need not necessarily have a silver lining, but based on the trend witnessed in the year 2010, it is clear such situations are the most likely to create buzzwords out of otherwise unheard of financial jargon.

The year 2010 will be remembered for the various scams and crisis situations that thrust little-known words and phrases like 'sweat equity', 'overlays' and '2G spectrum' into the limelight, forcing people to look up their meanings.

The controversy surrounding the IPL cricket tournament pushed the term 'sweat equity' into newspaper headlines, which cost Minister of State for External Affairs Shashi Tharoor his job after it was alleged that Sunanda Pushkar, now his wife, was given 'sweat equity' in a team.

'Sweat equity' refers to stake given to a company executive in return for the services and value added or to be added to the company's operations.
Source: PTI
SPOTLIGHT
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..