Gold Chain

  Since 2000 April 26th has been observed as World Intellectual property day by World Intellectual property Organisation (WIPO) every year ,to create awareness about how intellectual property or creations of human intellect  can be utilised into different forms of IP rights like patents, copyright, Trade Marks and designs that affect our day to day life. WIPO this year focus on  the  theme "I P and Youth Innovating For A Better Future ".IP rights are instrumental to encourage innovation and creativity in societies across the globe.IP means the creation of mind which include inventions, literary and artistic works, designs, symbols,  names and images used in commerce. IP is a non physical asset owned by a company or individual. WIPO is a specialized agency of the United Nations that is committed to establishing a balanced and approachable international IP system. WIPO plays a significant role in helping young inventors ,creators and entrepreneurs to use IP to ach...

 According to IMF'S April World Economic Outlook global economic prospects have worsened significantly largely due to Russian invasion of Ukraine causing a tragic humanitarian crisis in Eastern Europe,and the sanctions aimed at pressuring Russia to end hostilities. While global economy was  about to recover from Covid19 pandemic with wide  differences between the recoveries of advanced economies and emerging markets and developing economies, in addition to war,frequent lockdowns in China especially in key manufacturing and export hubs have also caused new bottlenecks in global supply chains. High and more persistent price pressures led to tightening monetary policy in many countries.Consequently risks to economic prospects have increased sharply and policy trade offs became very challenging . The war in Ukraine which triggered costly humanitarian crisis  demands a peaceful resolution. Economic damage from the conflict is expected to significantly slow down economic g...

 Kochu Amma was born as the third daughter of farmer couple Narayanan and Meenakshi in 1923 in a village in Trichur.They had  2 acres of paddy fields and 64 cents of coconut and arecanut plantations. Narayan and daughters were very hard working.But his youngest son was not much interested in farming activities and he moved to Bombay where he could procure job in  a textile mill.Kochu Amma grew up as a very beautiful girl and woman though slightly short. Their locality was surrounded by very poor people belonging to Dalits and Muslim communities. She was very much liked by the the locals and she also encouraged her father to render possible help to the much distressed neighbours. When Kochu Amma became 18 years of age as  already decided by the families she was married to her maternal uncle's younger son Kuttappan who happened to be of same age older by just 6 months. Her maternal uncle Maman was richer in terms of land ,paddy  fields, cows,bullocks, goats etc.Af...

 International Monetary Fund (IMF) was established in 1944 at Bretton Wood International Monetary and financial conference to foster global monetary cooperation, secure  financial stability, facilitate International trade ,promote economic growth and employment and reduce global poverty.  Bretton woods established a payment system based on the US dollar which  defined all currencies in relation to the dollar which itself was convertible into gold or as good as gold for trade($35=1ounce of gold). US currency  effectively functioned as the world currency and acted as the standard to which every other country's currency was pegged or fixed.The system provided a set of unified rules and policies that provided necessary framework to create fixed exchange rate for currencies across the globe. This system worked for many years smoothly. However in late1960s due to inflationary pressures backing the currency by the gold standard became a serious problem for USA. By 1971...

 The Bay of Bengal Initiative for Multi Sectoral Technical and Economic Co operation is a regional multilateral organization  comprising of 7 members- Bangladesh, Bhutan, India, Nepal,Sri Lanka (from South Asia),Myanmar and Thailand (from South East Asia. Initially it was formed with 4 member countries-Bangladesh, India, Sri Lanka and  Thailand, It became BIMSTEC in 1997 following inclusion of Myanmar, later Nepal and Bhutan was included in 2004.The basic objectives of the Organisation are creating an enabling environment for the rapid economic development of sub region, encouraging spirit of equality and partnership,promoting active collaboration and mutual assistance in the areas of common interest.Accelerating support for each other in the fields science and  technology etc.The principles of BIMSTEC are sovereign equality, territorial integrity, political independence, non interference in internal affairs and peaceful co existence. BIMSTEC contribute not only an a...