Gold Chain

Recent years have witnessed rapid and path breaking changes in financial technology  services in areas like making loans, credit cards,investment and insurance which is highly democratic,accessible and innovative. Financial technology  evolution can be traced back to the advent of computer systems and growth of  electronic banking in financial services  industry in 1970s and 1980s.Since the UPI was rolled out 8 years ago mobile apps like Bhim,,Google pay,phone pe etc have extended UPI transactions. For Fintech  as such major thrust occurred in 2000s through development of  electronic banking and online stock trading  platforms.During the period 2005-10 rapid strides in mobile payments and 2010-15 witnessed further growth of digital currencies crowd funding, etc. Evolving financial technology enabled further to improve, automate and deliver use of financial services to assist companies, business firms and consumers to manage their financial services mor...

 Inflation or rise in general price level has been a major concern mainly for the poor and fixed income group over the years. Inflation has been caused by the cost push factors or increase in the cost various inputs of production and demand pull factors where the demand for products increases due to incrase in income change in consumption patterns etc.In order to minimize the impact of inflation on people  various measures have been adopted from time to time including monetary policy targeting mainly interest rates ,fiscal policies including subsidies, tax incentives and  rationing or provision of subsidied food through fair price  shops or other beneficiary transfer schemes. It has been observed that historically the  annual inflation rate in India averaged 7.37% between 1960to 2023 but reaching a historic high of 28.60% in 1974 and a all time low of-7.63% in1976.According to Ministry of Statistics and Program Implementation (MOSP) consumer price index CPI in I...

Nobel Laureate Joseph  E Stiglitz a public policy activist and development economist associated with research and policy making in World Bank and other countries including USA, China and Singapore made a scathing attack against ongoing globalisation and activities of global institutions  in his  brilliant work "Globalisation and its Discontents " in 2001 .After two decades he has brought another path breaking study entitled " People ,Power and Profits:Progressive Capitalism for an age of discontent" suggesting various measures to overcome inequality of income and wealth, unemployment, malnutrition,poverty, climate change etc as bye products of discontents of globalisation.In this context it is relevant to mention about the role of economic system which refers to the sum total arrangements for  production and distribution of goods and services in an economy. While in a primitive feudal society customs and practices shape the pattern of resource allocation and distrib...

The multiple landslides that occurred due to heavy and incessant rains in the early hours of July 30th 2024 in Wayanad district of Kerala had  devastated places like Punjirimattom,Mundakkai,Chooramala,Attamala,Meppadi and Kunhome.Mundakkai Chooramala Settlements of Vellarimala village in Meppadi Panchayat had fully vanished ,transforming the landscape of rolling hills into horrifying tragedy.ISRO's remote sensing satellite images indicated that 86000 square meters of land had slipped out of place. The landslide also plunged into the Iruvazhinjipuzha a tributary of Chaliar river surged with heavy rain,raging and bursting  river banks along with heavy muds,debris, bodies and gushing water.Even though  thunderous sound of flood waters woke up many when the first landslide occurred around 1.00 a m but many could not manage to escape. On the other hand unfortunately many people who were sleeping the landslide washed away their bodies. It was found that many bodies went through...