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Oil Crisis: How & Why Did The OPEC Nations Suffer During The Pandemic

Reading Time: 4 minutes Oil Crisis: How & Why Did The OPEC Nations Suffer During The Pandemic By Trina Chatterjee The oil and gas industry is expanding speedily and is not only fueling a country’s enormous economy, alluring investors and oil producers from near and far but it is also serving as a focal point for some leading joint …

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The Surreal Notion Of Boycotting Chinese Goods

Reading Time: 4 minutes The Surreal Notion Of Boycotting Chinese Goods By Ritu Jacob The India-China border tension at the Galwan valley recently escalated resulting in the death of 20 Indian soldiers on 15 June along with other ramifications. As a protest against this unwarranted intrusion of China on established Indian grounds, Indians across the country raised posters of …

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IPR & COVID-19 Vaccine

Reading Time: 5 minutes IPR & COVID-19 Vaccines By Swati Solanki Pharmaceutical Companies worldwide are rushing to develop a safe and effective vaccine against COVID-19, the disease caused by the coronavirus. Some are testing previously developed vaccines for other viruses, whereas others are approaching clinical trials for the newly discovered vaccines. This global rush to find a potential coronavirus vaccine …

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The Paradox Of Deleveraging

Reading Time: 8 minutes The Paradox Of Deleveraging By Rohit Harlalka Most of us have studied microeconomics before diving into the huge pool of macroeconomics. This is because the simple concepts of supply and demand are the commencement points of microeconomics, a pre-requisite for all economic analysis. Further, macroeconomics is not only the summation of microeconomic outcomes but also …

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Nightmares and Vocational Centres – Uyghur Muslim Crisis in China

Reading Time: 5 minutes Nightmares & Vocational Centres – Uyghur Muslim Crisis In China By Oishika Saha Uyghur Muslims are a Turkic-speaking minority ethnic group, originating from the central region of Asia. They are considered to be native to the Xinjiang Uyghur Autonomous Region in Northwest China. Over the past few years, there has been extreme tension between the …

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When Life Gives You Lemons, You’re Probably Being Deceived- Akerlof’s Lemon Problem.

Reading Time: 4 minutes When Life Gives You Lemons, You’re Probably Being Deceived – Akerlof’s Lemon Problem. By Oishika Saha Akerlof’s Lemon problem is a very interesting economic theory which is used to widely justify consumer and producer behaviour. In his research paper “The Market for Lemons: Quality Uncertainty and the Market Mechanism”, George Akerlof uses lemons to signify …

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The Impact Of Globalization On Culture

Reading Time: 3 minutes The Impact Of Globalization On Culture By Ananya Golash The world as we know it is becoming increasingly interconnected as a result of countries harnessing the power of comparative advantage and increasing trade and exchange. This is hugely beneficial to the average consumer: we don’t just have variety in goods and services but also their …

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The Economics Of Conditional Cash Transfers

Reading Time: 9 minutes The Economics Of Conditional Cash Transfers By Ayona Mitra Introduction An initiative first established in Latin America during the late 1990s, conditional cash transfer (CCT) programs had progressed to be one of the key social programs in rural regions in and surrounding Mexico. Currently, it has made its place as a popular social assistance program …

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Quad vs BRICS: India’s Foreign Policy Dilemma

Reading Time: 6 minutes Quad vs BRICS: India’s Foreign Policy Dilemma By Eshaan In the aftermath of the devastating first wave of Covid-19, many countries are on the path to recovery while still reeling from the socio-economic devastation caused by the virus. To add to the global repercussions of the virus, many West leaders feel the need to tackle …

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Indian Healthcare System & Medical Brain Drain

Reading Time: 6 minutes Indian Healthcare System & Medical Brain Drain By Vanshika Paharia In India, there are only 1.7 nurses per 1000 population and a doctor to patient ratio of 1:1404, which is well below the WHO norms. The 2020 Human Development Report shows that India has five hospital beds per 10000 people, one of the lowest in …

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The Other Scary ‘n’ Word- Nepotism

Reading Time: 4 minutes The Other Scary ‘n’ Word- Nepotism By Aditi Bali The discourse over nepotism is not new to the society. It is often highlighted in the movie industry due to its visibility. Recently, discussions about inequalities in opportunities faced by those without a family name in the business have broken out like wildfire. However, nepotism is …

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Mental Health Issues & Its Impact On The Economy

Reading Time: 5 minutes Mental Health Issues & Its Impact On The Economy By Aditi Bali Depression, anxiety, panic attacks, etc. are not new to the society. However, they are one of the few topics we don’t address in Indian households. Not only are they least discussed, but also believed to be non-existent. Over time, the awareness of the …

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Advertising Wars: A Case Study Of BMW & Audi

Reading Time: 20 minutes Advertising Wars: A Case Study Of BMW & Audi By Aditi Bali ABSTRACT: This paper talks about the essence of marketing an organization. It highlights that good marketing increases the visibility of a company in the market. Superior marketing helps in tapping into a new consumer base and increases the market share of a company …

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Did The Delphic Oracle Predict An Economic Crisis? The Greek Economy Collapse

Reading Time: 5 minutes Did The Delphic Oracle Predict An Economic Crisis? The Greek Economy Collapse By Oishika Saha The Greek economy has always been used as an example to demonstrate the rapidly spiraling state of an economy. In 2015, Greece defaulted on its debt to the International Monetary Fund (IMF) which was worth €1.6 billion. Several people are …

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Venezuela’s Hyperinflation Story

Reading Time: 5 minutes Venezuela’s Hyperinflation Story By Swati Solanki Ever imagined a daily life with an inflation rate of 1,000,000%? A rate at which the price of your coffee cup doubles between weekly paycheques! That’s exactly what is being faced by the citizens of Venezuela. The story of how inflation became hyperinflation involves more than economics; it’s a …

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Keynesian Multiplier

Reading Time: 5 minutes Keynesian Multiplier By Dhruv Wandre Introduction With countries always looking to increase employment and investment, F.A. Kahn came up with the concept of the Multiplier, which was later refined by J. M. Keynes. Known today as the Keynesian Multiplier, it asserts how an increase in private consumption expenditure, investment expenditure or the net government spending …

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