Non-Fungible Tokens (NFT)
What are Non-Fungible Tokens: Non-Fungible Tokens (NFT) are units of data that are stored on…
Posted inEconomic GD Topics
Cashless society
Eliminating cash completely may worsen the situation of some people such as poor people, digital illiterates etc. Moreover, it can be a threat to the right to privacy. So, a completely cashless society is not a good idea, at least for now.
Omicron
The detection of Omicron is reiterating the importance of increasing the availability of vaccines to low-income countries. At present, only 3% of people in low-income countries received two vaccine doses, compared with more than 60% in high-income countries.
Posted inAbstract GD Topics Economic GD Topics
What will happen if one rupee becomes equal to one dollar?
Foreign direct investments will decrease drastically because people will prefer investing in other countries where can they can pay less for the resources such as land, human resources etc. This affects the IT sector a lot because many companies in foreign countries are outsourcing IT projects to Indian companies.
Should people invest in cryptocurrency?
Investments in cryptocurrencies will support innovations in the new technology. But that doesn't guarantee returns. Investing disposable income in cryptocurrencies may not be that bad but investing savings in cryptocurrencies is very risky as of now.