Trade agreement is any contractual arrangement between states concerning their trade relationships. Trade agreements may be bilateral or multilateral—that is, between two states or more than two states. For most countries international trade is regulated by unilateral barriers of several types, including tariffs, non-tariff barriers, and outright prohibitions. Trade agreements are one way to reduce…
Swachh Bharat Mission (SBM) was launched by Prime Minister Narendra Modi on 2nd October 2014. The mission aims to achieve universal sanitation coverage and to encourage hygienic sanitation practice. The scheme is also known as the “Clean India Mission”. The project was launched as a tribute to Mahatma Gandhi. It is a nation-wide campaign aiming to…
GROSS NATIONAL HAPPINESS (GNH) is a multidimensional index which captures by far the maximum aspects of the human development process. It believes that ‘Happiness’, well-being and welfare, whichever way one describes it, is itself is a multi-dimensional concept and therefore cannot be narrowed down to only income and wealth but basically has to do with an…
For long economists have measured growth, prosperity, success and wellbeing, of nations using the Gross Domestic Product (GDP) indicator. Subsequently however doubts began being raised about the fact that whether only GDP is a true reflection of wellbeing, growth, development and ultimately, ‘Happiness’ of a country. The concept of ‘well-being’ in economics has become an…
Food which is a basic necessity of humans has not yet found its way to every household in the world. Unequal presence of resources as per geographical regions is the primary reason behind it. Further, the unequal production and distribution of food resources aggravate the issue of availability and accessibility of food for all. …
Bitcoin, Dogecoin, Ether, etc. are the words thrown around a lot in media these days. They are the cryptocurrencies that can be used to pay for transactions, just like official currencies of countries such as Rupee, Dollar, Euro, Pound, etc. Another buzzword around is that of Blockchain. Although in popular media, bitcoin and blockchain are…