Introduction On the dawn of 17th August 1998, the Russian economy was at the brick of collapse. Soon after the east Asian crisis, the world saw another disastrous collapse of an entire economy. The perils of darkness for the Russian economy seemed darker because the severe impact of the East Asian crisis acted as a catalyst …
the russian financial crisis- from crash to cash Read More »
What is a Ponzi Scheme? To explain it in the simplest words, it is “21 din main paisa double”. It is an investing scam that promises to generate returns to users from the investment of newer users. It does not have any business activity from which it can earn a profit. All it does is …
The Emergency, often referred to as one of the most controversial events of the relatively short history of Independent India, was enforced on 25th June 1975. Former President Fakhruddin Ali Ahmed, on the order of Mrs. Indira Gandhi, declared a 21-month long national Emergency. The Prime minister was bestowed with the authority to rule by …
Since the beginning, space has always been exclusive to public organisations. The model for space exploration from its inception was based on direct involvement of government, through the military and in most cases including India through specifically created space agencies. This could be attributed to two reasons- the first being that that the costs of …
Each one of us, at some point in our lives, have thought about having buttloads of money. We have thought of ways to make it happen. And one particular idea tops the list, printing it! We have all found ourselves wondering, how great would it be if I could just print the money I need. …
Tax Havens Roughly $8.7 trillion is held in offshore accounts and tax havens. Let me repeat it for you – $8,700,000,000,000. If divided between everyone on Earth, each person will receive $1115. That is a lot of money. And that money is hidden. ( This figure does not account for non-financial wealth like yachts, artwork, …
Introduction In the 21st century where the world economy is immensely integrated and diverse, we see that there is dependency between nations and this integration among countries have their advantages as well as disadvantages. Talking about trade and diversification of technology, such a kind of integration can help boost GDP and help in the growth …
I like to think that we’re all great actors. Putting on happy faces, mirroring people’s behaviour to fit into the societal framework, is a talent possessed by all. The desire to be people-pleaser is not just limited to individuals, but has also ricocheted its way into the legal entities formed by groups of individuals, also …