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 …
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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 …
INTRODUCTION TO ONE BELT, ONE ROAD (OBOR) INITIATIVE (AlSO KNOWN AS BELT AND ROAD INITIATIVE (BRI) One belt one road, also known as the Belt and Road Initiative (BRI) is a project initiated by Chinese President Xi Jinping. Its objective is to build trade routes between China and the countries in Central Asia, Europe, and …
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India ranks 130th out of 190 countries in the World Bank’s Doing Business report 2017. India ranked 131st in 2016 and 134th in 2015. New Zealand has topped the ranking in 2017 followed by Singapore. (Note: Data in the World Bank’s Doing Business 2017 report are as of June 1, 2016)
The Organization of the Petroleum Exporting Countries(OPEC) has designed a deal to cut its oil production by 1.2 million barrels per day. This has been done to increase the oil prices globally. It has planned to re-balance the oil market by cutting back its production to 32.5 million barrels per day from 1 January 2017. …
TPP( Trans-Pacific Partnership), a pact branded as the world’s most ambitious free-trade agreement is nearly coming to end. Involving 12 Pacific Rim countries, including America, Japan and Canada, the Trans-Pacific Partnership represented roughly 40% of global GDP, and one-third of world trade. (Read in detail about TPP in this article: The Trans-Pacific Partnership Deal (TPP): Demystified)
Oliver Hart and Bengt Holmstrom won the Nobel prize in Economics ( also known as Central Bank of Sweden Nobel Memorial Prize in Economic Sciences) in 2016 for their contributions to the ‘contract theory.’ Their work in contract theory helps us to: Understand real-life contracts. Understand potential pitfalls (difficulties) in designing the contracts. Design better contracts. NOBEL …
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