Organized Crime is particularly scary as these organizations have the sophistication to handle large scale business operations, the innovation drive to evade laws in various ways and the bloodlust to gain monopoly and complete power. Thus they can flex their financial muscles and worry the world. Continue Reading..
The Great Recession of 2008 and the following sovereign debt crisis in Europe have radically altered the response that government agencies adopt against financial crises.
The primary responsibility to combat a financial crisis lies with the central bank. A central bank monitors the general economic health of a nation and is usually mandated to maintain stable prices and employment level. They also undertake the surveillance of—most of—the financial sector. Continue Reading..
One of the highlights of Prime Minister Modi’s policy is the implementation of the direct cash transfer scheme to replace the subsidy payments system.
At the outset this is not a bad idea because the subsidy system itself is distorted and has a lot of leakages. The subsidy bill is really high and the biggest people happens to be the targeting of these programmes. Continue Reading..