The Final Structure of GST

Goods and Services tax

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The Goods and Services Tax (GST) is all set to be rolled out from 1st July 2017.

The 101st Constitutional Amendment Act, enabling the introduction of GST, was passed in the parliament last year.

If you are not well-versed with the concept of GST, I suggest you read this article explaining the basics of GST: GST Explained

The final design of GST has been worked out by the GST Council (the GST Council comprises of state finance ministers and is chaired by the Union finance minister.)

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How is Sensex Calculated?- Explained

Sensex

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On 26th May 2017, the SENSEX breached the 31,000 level for the first time. This post explains what Sensex means and how it is calculated in details.

What is SENSEX?

The Sensex is primarily an index reflecting the movement of the share prices in the Bombay Stock Exchange (BSE). If the Sensex value goes up, it means there is a general increase in prices of shares and vice versa.

One can identify the booms and busts in the Indian stock market through S&P BSE SENSEX. The other index calculated in India is Nifty for the National Stock Exchange. (NSE)

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Bitcoin- What & How- All Your Questions Answered

Bitcoin explained

Image credit: bitcoin.org

What is Bitcoin?

Bitcoin refers to two things. Bitcoin is a digital currency. It is also an online payment system in which bitcoins are used.

The idea behind the Bitcoin technology was introduced by an unknown person, under the pseudonym Satoshi Nakamoto in the year 2008. He released the software in the public domain in the year 2009.

The bitcoin system process transactions in a peer to peer fashion, that is, transactions take place between users directly without any intermediary like bank, credit card companies etc.

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The Paris Climate Agreement Demystified

Paris Climate Agreement

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Earlier this month, Donald Trump announced his decision to withdraw the United States from the Paris Climate Agreement. He believes that this agreement is a conspiracy by other countries against the United States to hurt its economy.

With this decision, the US will join Syria and Nicaragua as the only countries which are not a part of this historic climate agreement.

To be sure, the US will not be able to quit the agreement yet. Trump has just started a lengthy procedure to withdraw from the agreement.

This article explains the Paris Climate Agreement in a simplified manner.

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What is One Belt, One Road (OBOR) initiative?

OBOR explained
INTRODUCTION TO ONE BELT, ONE ROAD (OBOR) INITIATIVE

One belt one road, also known as the Belt and Road Initiative (BRI) is a project initiated by the Chinese President Xi Jinping. Its objective is to build trade routes between China and the countries in Central Asia, Europe and Indo-Pacific littoral countries. (Littoral countries means situated on the shore of Indian and the Pacific Ocean).

OBOR/ BRI is a network of roads, railways, oil pipelines, power grids, ports and other infrastructural projects meant to connect China to the world.

It was announced in the year 2013 with an objective to rejuvenate the ancient trade routes connecting Asia to Europe. (known as the Silk Road or the Silk Route).

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