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Showing posts with the label #ECONOMY

भारतीय अर्थव्यवस्था की दुर्दशा के कारण

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अक्सर ही मेरे पिताजी एक चुटकुला सुनाते थे। एक बार एक व्यक्ति ने अपना रेस्टोरेंट खोला। रेस्टोरेंट के बाहर उसने ग्राहकों को आकर्षित करने के लिए मेनू का बोर्ड लगाया और उसके नीचे बड़े-बड़े अक्षरों में यह लिख दिया कि हमारे रेस्टोरेंट में हर दिन एक नया व्यंजन खाने को मिलेगा और कोई भी डिश दोहराई नही जाएगी। एक दिन मेनू में उसने एक नई डिश लिखी, कद्दू और अंगूर की सब्जी। एक व्यक्ति उत्सुकतावश रेस्टोरेंट में गया और उसने वह डिश आर्डर कर दी। खाना परोसे जाने तक उसने मैनेजर से बात करने का सोचा। उसने मैनेजर से पूंछा की कद्दू और अंगूर की सब्जी के बारे में उसने पहले कभी नही सुना। मैनेजर ने कहा हमारा बावर्ची बहुत ही होनहार है वह हर दिन कोई न कोई नई डिश बनाता ही है। डिश के बारे में अधिक जानकारी के लिए उस व्यक्ति ने बावर्ची से मिलने की इच्छा व्यक्त की। बावर्ची ने उसे बताया कि इस डिश को बनाने के लिए कद्दू और अंगूर का सही अनुपात होना बहुत जरूरी है और हम इसी अनुपात को ध्यान में रखकर ही डिश बनाते है। व्यक्ति ने अधिक जानकारी के लिए बावर्ची से पूछ लिया कि ये अनुपात है क्या। बावर्ची ने कहा एक कद्दू पर एक अंगूर। ठीक

WHY INDIA SHOULD EMBRACE CRYPTO?

T he row over crypto does not seem ending. In fact, the Indian government’s dilemma failed to draw any rational conclusion. Meanwhile, the looming worries of earning a big dent not only periled the future investment but the economy at large. Government’s plan to turn the economy 5 trillion also seems a far cry. The soaring prices of crypto started taking dips over and over again. The worst part of the story is that the worried Indian investors find it difficult to score their loss as the payment wallet has temporarily withdrawal the payment facility. In addition to that customer care service seems settling their vendetta to make the entire scenario even worst. The worried investors are losing their money at a very fast pace. If the situation prolongs the investors might lose their entire money. In a recent development government has stated that the bill to ban all the crypto currencies will be brought after the approval of cabinet committee. The much awaited decision was yet to come

HOW TO MAKE ELEPHANT DANCE?

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What brings global dominance, resources, political stability or strong alliance with nations. Undoubtedly, many more options pop up in our mind. But most importantly, the deciding factor is going to be universally accepted global currency backed by strong institutional body. These are two basic factors that goes hand in hand. Strong currency supports strong intuitions and likewise. Here, the most crucial institution is banking. In current scenario when almost all the economies are over coming from much affected covid pandemic, the challenge for every nation is hard to be managed. However, as the old adage goes 'every cloud has a silver lining' India has a great opportunity of pegging the rift amid developed and developing. Unlike a big leap similar to the country like China is much required. One should not forget the learning from history as how china marked it global presence despite getting the independence almost the same time when India got. The ways and means would have be

WHY IS THE GOVERNMENT AFRAID OF CRYPTO-CURRENCY?

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  Ever since the inception of currency it has evident many changes. However, with change of time the value and acceptance might have changed but not the importance. But the modern era is witnessing a paradigm shift when fiat money is losing its sheen and crypto-currency seems to have outpaced the traditional mode of transaction altogether. The idea of accepting crypto-currency might seem vague and psychic as a constant debate is going on but the reality might differ otherwise. At least that is what oxford dictionary explains, however the logic is partially correct in economic reference. However, the world is witnessing a radical change when people’s acceptance is shifting from fiat money to crypto. In a recent trend leading global investment and securities firm Goldman Sachs announced to launch its own crypto-currency ‘Stablecoin’. Goldman confirms that the stablecoin is available for institutional users only and not for the public. Goldman Sachs is not the first to advocate the crypto

WHY SOARING SENSEX IS NOT A RIGHT INDICATOR OF ECONOMIC GROWTH

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Past few days have evident of many ups and down in financial indicators like SENSEX and nifty and so do with the corona cases in the country. India finally surpassed Russia and secured third position in corona hit list. The rise in financial indicator defies the idea and reviews given against the economic health of the nation. How can that be possible? Are investors not paying attention to the reports or reviews or they are in cashing the opportunity arose due to Corona crisis. Make a wild guess as why shares of automobile will rise when people are not buying new vehicles? This is called economic paradox. The investors are happy as government announced relief packages and banks pumped up more liquidity in market. However, the economist has already warned investor as this is temporary situation and it would be irrational to be happy about as the G.D.P. is not growing and financial indicator are insufficient to mirror that in realistic term. Economist says that having a good market d