What Else

Today, we can see how nations such as the United States and India want to combat the oil cartel. The Synopsis The facts are straightforward. High gasoline prices are causing widespread public outrage throughout the globe. And when this type of dissatisfaction simmers for a long time, it typically reflects adversely on incumbent leaders' popularity. It makes no difference who you are. You don't want to put people's patience to the test for too long. As a result, something has to give. Alternatively, someone. And that someone is the Organization of Petroleum Exporting Countries (OPEC). For months, the infamous oil cartel — made up mostly of Middle Eastern oil-producing nations — has refused to raise oil supplies. Granted, there was a period last year when there was an abundance of supplies. However, with the post-pandemic rebound, oil consumption is surging. We're aware of it. They are well aware of this. Everyone is aware of it. They should ideally be coming in and rampi...

The Synopsis A quick primer on "term life insurance" before we get to the meat of the tale. Most people now conceive of these as financial products that also happen to provide insurance advantages, such as ULIPs and Endowment plans. They'll invest some money over the course of 5 or 10 years, and when the insurance matures, they'll receive the invested corpus back — along with some more cash. They'll also be expecting a substantial lump sum payment to their nominees if they pass away during this time. In conclusion, there is a prevalent misperception that all life insurance contracts have investing rewards in addition to life protection. Term insurance plans, on the other hand, do not function in this manner. There isn't much to invest in here. You pay your premiums over a 30- to 40-year period and will never receive a dime during that time. The only thing you may expect to see is life insurance, which means that if you die, heaven forbid, your dependents would...

The Synopsis "When America sneezes, the world gets a cold," as the saying goes. Well, it's a term that gives you a sense of the US's worldwide influence— the impacts of globalisation and all that. However, India has its own version of the quote: "When America sneezes, India develops a cold." India develops a fever when Europe sneezes beside it." It's also a nice way to characterise the Indian IT sector. Because we owe approximately 70% of our exports to two regions: the United States and Europe. As a result, when these areas experience a slump, Indian IT suffers as well. When Covid-19 hit last year, for example, IT investors were on pins and needles. Why? Because the previous global recession, which occurred in 2008, was not nice to anybody in the business. Before the financial crisis, IT businesses' revenues were increasing at a rate of 30% each year. Soon later, it plummeted to 15%. Companies all throughout the world were forced to slash costs...

  India's economy, which was once the world's fifth biggest, has been contracting for some time. The nation is still suffering from the consequences of the earlier this year's lockdowns, and as a result, GDP growth fell about 24% in the second quarter of this year compared to the same time last year. The Reserve Bank of India said a few days ago that India's GDP would most likely fall by 8.6% in the next quarter. Despite the bleak picture, Finance Minister Nirmala Sitharaman is optimistic that the economy would recover. "India's economy is witnessing a solid revival," she remarked, citing more GST revenue and increasing energy consumption. She also presented Aatmanirbhar Bharat 3.0, a new stimulus package, yesterday to guarantee that the economy remains on track. To stimulate the economy, the package includes 12 additional initiatives totalling Rs 2.65 lakh crore. Cheap bank loans for beleaguered sectors, support for companies hiring new employees, tax bre...

The Synopsis When you type "is the informal economy legal" into Google, the first autocompleted result is "is the informal economy criminal." So, let's get things straight. The informal economy is not a criminal enterprise. Consider the market's fruit and vegetable shops, the hawkers selling your fried peanuts at traffic signals, and the construction workers building the home next door. Nothing they do is against the law. They're all part of the economy, struggling to make ends meet. They all contribute to the Gross Domestic Product (GDP). In reality, the International Labor Organization (ILO) estimates that the informal sector employs approximately 60% of the world's adult workforce. They don't have contracts, paid vacations, health insurance, or social security. However, there is another issue here – one that reveals itself at a macro level. How can the informal economy be effectively measured? Particularly when no one, including government age...