Global Hunger Index is a tool which is used for measuring and tracking hunger at global, regional and national levels. GHI allows us to compare levels of hunger between countries and regions. Immediate help should be provided to the areas of the world where hunger levels are the highest. How is GHI calculated? It is […]
Ben S. Bernake, Douglas W. Diamond, and Philip H. Dybvig was awarded the Sveriges Riksbank Prize in Economic Sciences 2022 by the Royal Swedish Academy of Sciences in memory of Alfred Nobel for research on banks and financial crises. Their discoveries helped society deal with financial crises better. Nobel laureates Ben Bernake, Douglas Diamond, and […]
An economy is a complex system. It involves production, consumption, and exchange activities for allocating resources among people. Basically, production, consumption, and distribution of goods and services combine for fulfilling the needs of the population. An economy may represent a nation or probably a particular region. Sometimes it can represent even a single industry or […]
The 2022 Nobel Prize in Physiology or Medicine was awarded to Svante Pääbo by the Nobel Assembly at Karolinska Institutet. He was given the prestigious award for his discoveries regarding the genomes of extinct hominins and human evolution. We have always been intrigued by our origins. Where do we actually come from? How are […]
One individual and two organizations have won the Nobel Peace Prize 2022. The Norwegian Nobel Committee declared the awards on October 7, 2022. The laureates have represented civil society in their home countries over the years. They have been elemental in protecting the fundamental rights of citizens and continue to promote the right to question […]
If not written properly, cheques may be rejected or dishonored by the bank. Thus for handling a cheque, we must be familiar with all its components including the parties involved and the process of writing it. Parties involved in Cheque Transactions A ‘cheque’ directs the banks to transfer money from one account to another. In […]
The International Day of Democracy is observed every year across the globe on September 15th. The day is also known as World Democracy Day. The day stresses on the importance of participation of all members for the proper functioning of a democracy. The day provides an opportunity to review the state of democracy across […]
According to a report, India has become the fifth largest economy in the world overtaking the United Kingdom (UK). The high cost of living turned out to be a major setback for the UK, allowing India to claim the fifth spot in the world rankings of largest economies. The feat was achieved in the last […]
19 july 1869, fifty-three years ago India nationalized 14 private banks, which has helped India to emerge as one of the greatest economies in the world and it’s potential being recognized around the globe. On this note, let’s get to know how Bank nationalization was done. History of nationalization Bank nationalization was not a new […]
