How radically will digital currencies change our methods of exchange and the way that we think about money? With innovation in digital payments barreling ahead, these questions are now commanding the attention of the World Economic Forum and other international institutions.
Europe’s political forces are divided between those who regard the European Union as promoting unfair, inefficient neoliberal economic policies and those who see the bloc as key to preserving the relatively equitable and inclusive “European social model.” Yet the recent European Parliament election featured little debate about this model and generated few ideas for what policymakers should do to tackle income inequality across the continent.
The biggest political trigger of our times, the Babri Masjid demolition and Ramjanmabhoomi dispute has been sorted out with the verdict of Saturday. The Supreme Court verdict has been unanimous involving judges from various backgrounds and stature. The apex court decided to give the disputed 2.77 acres to build Ram Temple and asked the government to find 5 acres in a prominent place in Ayodhya for a masjid to be built up.
On October 30 2019, Facebook, the parent company owning Whatsapp, confirmed that Pegasus, a sophisticated snooping software developed by Israel’s NSO group, was used to target Indian lawyers, journalists, opposition political leaders, and Dalit and Adivasi rights activists ahead of 2019 general elections. Facebook is suing NSO for hacking into WhatsApp to infect phones with Pegasus. To be sure, NSO has refused to name its clients.
Some 27 Members of the European Union Parliament have been invited to visit Kashmir, which they have done and decidedly have started giving anti-Pakistan and pro Indian government statements in the media (speaking less on the ground situation in Kashmir though).
At least 19 dead and untold wounded. A half-dozen subway station attacked with firebombs. Hundreds of supermarkets vandalized and looted. The downtown headquarters of the country’s largest power distributor in flames. A city of nearly seven million people paralyzed. After a state of emergency is declared, army units patrol the streets and enforce a curfew.
Non- fund based business are those credit facilities which are provided by banks or financial institutions to the customers, where there is no outflow of funds from bank and customer also does not get any cash. It is the type of financing facilities where the bank has no direct exposure of funds. Instead of direct involvement of funds, bank facilitates a certain transaction.
Economy in every developing nation is changing in its employer-employee relations much on the lines of what already has been happening in the developed world, but with local nuances. India is no exception. The decline of the traditional concept of labour, the rise of contractual work and vendor dependence, the advent of gig economy in the knowledge and creative sectors, the expansion of shared economy in various sectors and the like are the symptoms of this changing economy and its employer-employee relations.
In the United States and other advanced industrial economies, a growing number of workers no longer work for a single employer on a traditional contract. Instead, they earn income through a variety of “non-standard” working arrangements, including work mediated by digital platforms, or so-called gig work.
It's the biggest challenge for Modi Sarkar in six years. The current GDP growth-rate of India (quarterly) is 5%, the lowest in more than a decade. Moody's predict 5.8% for the next financial year, World Bank 6%, and RBI tells it 6.8%. Far away from the required 11%+ for a proposed $5 trillion economy by 2024.
Chinese President Xi Jinping, decidedly one of the most powerful top two persons in the world with an assured lifelong Presidency in his country, had his diary this way: two days with Pak PM Imran Khan in China, two days with Indian PM in Mammalapuram (India), and two days with Nepali PM Oli in Kathmandu.
Three months after they chose Christine Lagarde to succeed Mario Draghi as president of the European Central Bank, eurozone governments now have other major personnel decisions to make regarding the ECB’s Executive Board. With German board member Sabine Lautenschläger having unexpectedly resigned last month, and her French colleague Benoît Cœuré’s eight-year term ending in December, there are two open slots to be filled.
The relationship between monetary authorities and governments differs in important ways between the United States and the eurozone. The US invariably falls into a traditional pattern whereby governing politicians, with an eye toward the electoral cycle, tend to favor expansionary fiscal policies and looser monetary conditions, while the Federal Reserve, wary of political pressure, endeavors to assert its independence. If the Fed’s autonomy were called into question, domestic – and, by extension, global – macroeconomic stability would be jeopardized.
Keywords that were told after the two days long informal summit between Chinese Premier Xi Jinping and Indian PM Narendra Modi are the following: a new beginning for cooperation (Modi), manager their differences prudently (Modi), right decision to have such summits (Xi), deeper strategic communication and more effective practical cooperation ahead (Xi), work together in facing radicalization and terrorism (Foreign Secretary Vijay Gokhale), both to enhance trade volume and identify areas of investments (Gokhale), and new mechanism coming to discuss trade, investment and services ahead (Gokhale).
Over the past couple of months, the German debate over fiscal and monetary policy has taken an interesting turn. Old, deeply ingrained economic dogmas, including that the public sector must strive to generate a fiscal surplus regardless of macroeconomic conditions, are being reappraised, at least by some.