Interesting fact: Out of all the total gold produced in the world lets say 100units; 90% of it is owned by Indians i.e. 90 units. And out of the remaining 10% i.e. 10 units another 75% is owned by Non Resident Indians who live in other parts of the world. Why is there such a [...]
The world has witnessed 2 disastrous wars: World War 1 and World War 2. Well we all know about the history of both these wars. But do we really know the real motive behind these wars? One might think that it was a way to show military power of the victorious countries, just judging the [...]
India is one of the fastest developing economy in the world. The main concern that remains for India is population! Because of population the Government cannot focus of Social Infra. India did not figure among top 100 countries in human development index. On this Mr. N. R. Narayana Murthy said “Despite growth rate of 9 [...]
Indian Rupee recently got a new design and has joint an elite club of few nations which have currency symbols. Did you start using the new Rupee symbol? You may have surely seen it across Economic Times, they are using it on a large scale. Indian Government will soon come up with a Key Board [...]
World trade comprises not only exports and imports of merchandise goods but also of commercial services. In 2009, world trade saw a huge downfall of 12%. This was worse than the 1969 depression. Though, all the developed economies are still finding their way out of recession, the World Trade Organization (WTO) has forecasted 10% growth [...]
Eight Indian companies have made the cut in the list of the world’s 500 largest companies compiled by Fortune. The league of 500 elite companies for 2010 is topped by US retailer Wal-Mart Stores, followed by oil giant Royal Dutch Shell and another oil major, Exxon Mobil. Besides IOC and RIL, the other Indian companies [...]
India always faces imports surplus and export deficits which has affected the balance of payments over the years. Here is a statistic of India’s foreign trade : What is the product which India imports the most? Comment!
Many villages in India don’t even have electricity. There are 1lac odd villages in such category. We saw various power IPO’s coming from 2007 – 2009 end. Indian power sector is termed as a booming one. India Uses less electricity compared to the world’s average. Check out this report on Indian Power Sector Voice your [...]
A thousand dollars or less per person per year in GDP – the consequence of poverty, genocide, years of war, lack of natural resources, poor farm management, and limited access to clean water and health care. Eighteen of the poorest countries by GDP per capita are in Africa. That is not surprising given the famine [...]
Many currencies world wide have a unique symbol and most famous among the bunch being the dollar ($)! So RBI had thought about making a symbol for Indian Rupee and for this they told people to participate in the contest and send across symbols for INR Five designs had been shortlisted by the government following [...]