The launch of the new Agnipath scheme has ignited the flame of controversy about the selection and recruitment process of the Indian armed forces. Does short-term recruitment affect the effectiveness of the armed forces? Do these short-term recruits have the same kind of motivation and determination as to their counterparts? Are we the first ones to come up with this kind of recruitment model?
Conscription is a term connected with such short-term recruitment for military service. Conscription Read more [...]
According to the saying "If your neighbor gets laid off, it's a recession. If you get laid off, it's a depression," (courtesy - of Harry S. Truman). It is a fact that any drop in economic growth results in ripple effects in society. Recently, most of the countries had experienced a drop in economic growth due to the impact of Covid – 19. Technically, a recession is two consecutive quarters of negative growth in the gross domestic product (GDP) which was equally occurred in India also.
Thus, Read more [...]
Unified Payments Interface (UPI) is a mobile app-based payment system that brings multiple bank accounts to one platform. It results in an effortless funds transfer experience which is quite unique in the industry. UPI combines various banking services, smooth fund routing, plus merchant payments into a single mobile application (of any participating bank). It also handles "Peer Peer" collection requests, which can be scheduled and paid according to need and convenience.
UPI was introduced in Read more [...]
Digital payment or electronic payment is a transfer of funds from one account to another through a digital device. No physical exchange of money is involved in digital payment. Digital payment is completed with the help of a mobile phone, POS (Point of Sale), or computer, and a digital channel of communication. In digital payment, both parties use electronic mediums to exchange money. Payments made via bank transfers, mobile money, and payment cards, including credit, debit, and prepaid cards, Read more [...]
Spanish flu or ‘influenza pandemic of 1918’ has been considered a similar pandemic as we experienced in Covid – 19 in the recent past, per reports. Spanish flu was reportedly caused by the H1N1 virus, which has a gene of avian origin. The flu or its virus was circulating around the world between 1918 and 1919, according to media reports. It was identified in the United States, in the spring of 1918, among the soldiers in the beginning.
Letter carrier in New York wearing mask for Read more [...]
The foreign currency reserve is a metric to judge a nation's economic well-being. Any drop in foreign currency reserve indicates the falling ability of a country to pay for its critical imports.
Countries utilize their foreign currency reserves to maintain a fixed exchange rate for their currencies. China is an excellent example since its currency, the yuan, is pegged to the dollar. When China accumulates dollars, it increases the dollar's value relative to the yuan. This reduces the cost of Read more [...]
Cryptocurrencies have lately been the most popular asset to be exchanged throughout the exchanges. The asset has garnered attention despite its ambiguity and volatility. The key reason is its independence from the physical world, which makes the asset resistant to any political, economic, or environmental changes in the international community. Of course, security and profit are also the major components that enable the growth of Bitcoins. The maturation of the asset has attracted institutional investors, Read more [...]
On 8 Oct, a group of 136 nations covering 90 % of the world economy agreed to the OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) after months of negotiations. The framework provides a two-pillar solution to address the tax challenges arising from the digitization and globalisation of the global economy and prevents a race by countries looking to slash tax rates to attract investment. Digitization and globalisation have had a significant effect on economies and people's Read more [...]
As the words Unicorn and Decacorn catch up in the global startup industry, there is a momentum in similar manner in India. As of April 2021, there are 600 unicorn companies worldwide, and India contributed around 4.9% in the unicorn segment. However, the country is yet to open account with Decacorn.
According to NASSCOM, the trade association of Indian IT BPM industry, India added 12 unicorns in 2020, bringing the total Unicorn to 39, making it the third largest in the world. Startups raised approximately Read more [...]
Solar PV rooftop systems are known for its ease of installation, low maintenance, and longer lifetime. The systems are financially viable with a decent return of 15% according to project reports. Rooftop Solar PV has huge potential, and the government policies and regulations are already in place to promote large scale deployment. Rooftop solar comes as grid based and off grid.
Rooftop solar falls under Grid-based when the rooftop consumers are connected to the larger grid that is owned by Read more [...]