Tag: Economic Crisis
G20
The Group of Twenty popularly known as G20 is an international organization composed of most of the world's largest economies, including both industrialized and developing nations. It brings together the world’s major advanced and emerging economies. Its members account for around 85 per cent of global GDP, 75 per...
The Covid-19 pandemic has had a significant impact on the world economy, with estimates from the International Monetary Fund indicating that the entire cost will likely exceed US$12.5 trillion. The crisis has also expedited the adoption of new technology as well as significant changes in how we live and...
According to excise and industry data, Gurugram, Noida, Ghaziabad, and Faridabad, which are Delhi's neighboring markets, saw a 20–25 percent decline in liquor sales in May after the national capital permitted private shops to give significant discounts on the maximum retail price (MRP) of alcohol. Companies and analysts claimed...
Blockchain technology promised to revolutionise the way the world transacts in finance by combining the security of encryption with the usability of the internet. Information would be securely kept, eliminating the need for central banks and other intermediaries like banks, and it would be hard for other users to...
After years of adjusting to this idea, perhaps before 2024, it's finally time for India's basic income. The Prime Minister's Monetary Advisory Board suggested that India should spend more on the social sector to build a safety net for the poor in the city so as not to shock...
Sri Lanka is experiencing unparalleled economic turbulence since gaining independence from the United Kingdom in 1948. A lack of foreign currency has contributed to the issue, since the country has been unable to pay for imports of basic goods and gasoline, resulting in severe shortages and exorbitant costs. Since...
