Gold Chain

 Evergrande world's most indebted real estate firm and China's second largest property developers with$304billion liability poses currently a threat to domestic and global economy.Evergrande was started by a steel factory worker XU Jiayin in 1996 targetting millions of Chinese middle class customers ready to climb property ladder.After going public it also took control of Chinese Super League club Gwung Zhou   and renamed it as Evergrande.Evergrande has been building cities even from dirt creating jobs giving the middle class opportunity to pour their savings and enriched the local governments who sold them out.Altogether 280 cities were expanded and undertaken 1300 real estate projects.In 2017 XU Jiayin was declared as the richest man of Asia with net worth of $43 billion.     Along with super league club company it  also invested in various fields including diary, grain,oil and attempted to manufacture electric vehicles which run into heavy losses.In Nove...

 Sarojini got married to Sivadas in the early 70s.within five years they were blessed with two children, elder one Abhilash a boy and younger one Abhirami a girl.Their house was located just 3 km away from the town.Sivadas was a high school teacher and Sarojini a home maker.Sarojini used to do embroidery and paintings.Their children were sent to the convent school separately to boy's and girl's convent.Both of them were very good at their studies.Abhirami gradually became strikingly beautiful and good performer of dance and music.While Abhilash was interested in science subjects Abhirami's passion was for English and Social science.   Abhilash took Physics as his main subject for graduation while Abhirami was studying History and Economics for Pre Degree course.Both were very bright students.After Bsc physics couse with out anydelay he was selected as Air traffic controller by the Indian Navy with initial posting at Kochi.Sivadas' family  were very much excited . Abhira...

 The idea of BRICS originated from a paper published by Gold man Sach's Jim O Neil in 2001titled "Building Better Global Economic BRICS".BRIC grouping was formalised in 2006, and two years later South Africa was admitted.It has emerged as a alternative grouping of five emerging economies namely Brazil, Russia, India,China and South Africa that challenge the post war world order.In 2003 Gold man Sach's predicted that global map would significantly change due to these emerging economies combined strength would outstrip the western dominated world order before 2039. Governments of BRICS countries have met annually to discuss regional and multilateral issues at formal summits and India recently hosted the 13th summit.        Intra BRICS cooperation for continuity consolidation and consensus have been highlighted as the basic principle of partnership in the 13th summit.Apart from adopting BRICS counter terrorism action plan more productive plan is designed for the ne...

 National Monetization Pipeline NMP announced in the Central budget 2021-22were further developed by NITI Aayog and recently launched it.The strategic objective of asset monetization policy is to unlock the value of investment in public sector assets by utilising private sector capital and efficiencies which can thereafter be leverage for augmentation/green field infrastructure location.Asset monetization entails a limited period license/lease of an asset owned by a Govt or public authority, to a private authority for an upfront or periodic consideration by a well defined concession or contractual framework.Asset monetization being linked with infrastructure creation NMP has been planned to coterminous with remaining 4 year period of National Infrastructure Pipe line(NIP)      NMP is estimated to fetch rupees 6 lakhs crore to the Govt from private sector for the next 4 years period, through leasing of brown field assets-which are assets already operational that may b...