Month: June 2021

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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Bank Scams-A Threat To The Economy: Case Study Of Punjab National Bank

Reading Time: 19 minutes Bank Scams-A Threat To The Economy: Case Study Of Punjab National Bank By Sahej Manocha ABSTRACT “Public sector banks will be provided Rs 70,000 crore to boost capital and improve credit,” quoted our Finance Minister while presenting the budget for the financial year 2019-20. In this stage of the economy where the government’s allotment for …

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Hosting The Olympics & What It Means For An Economy

Reading Time: 4 minutes The Olympics & What It Means For An Economy By Stuti Sarkar World class competition level, heroism and national pride are the three pillars of the Olympics. With more than 196 countries participating, these Games are global sporting sensational events in their own way. The Olympics also however, stand for big business. From elaborate procedures …

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Millennials & The “Sharing Economy”: Case-Based Study Of Airbnb & Uber

Reading Time: 16 minutes Millennials & The “Sharing Economy”: Case-Based Study Of Airbnb & Uber By Agrima Nigam Abstract The purpose of this paper is to determine the change in the consumer patterns of the millennials as compared to the previous generation of baby boomers and the effect it has on industries like the automotive and hospitality/housing industries that …

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The Tax Battle Between India & Energy Giant: Story & Implications​

Reading Time: 6 minutes The Tax Battle Between India & Energy Giant: Story & Implications By Vanshika Paharia Cairn Energy plc is Europe’s leading oil and gas exploration and development company that is listed at the London Stock Exchange. It has operations set up in various countries and is an energy giant. But why is Cairn coming after India …

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Consumerism: Making of Powerful Corporations

Reading Time: 6 minutes Consumerism: Making Of Powerful Corporations By Jagriti Sharma The term ‘Consumerism’ was originally introduced in the late 17th century and intensified through the 18th century as a result of the growing ‘middle class’ who embraced new ideas about luxury consumption and about fashion as an arbiter for purchasing rather than necessity. Today, in the 21st …

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BSNL: Struggling To Stay Connected

Reading Time: 4 minutes BSNL: Struggling to Stay Connected By Priya Gupta Telecommunication is one of the most important sectors of any economy. It empowers a nation to stay connected. Without telecommunications, it would have been physically impossible to transfer information and knowledge. Currently, India is the world’s second-largest telecommunications market with a customer base of 1.2 billion. Nearly …

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