What is Google Tez?
Google made its foray into the burgeoning mobile payments sector in India by launching its mobile wallet app, Google Tez, at an event in New Delhi attended by Finance Minister…
Statement of Intent
The National Institution for Transforming India (NITI Aayog) and the International Road Federation, Geneva (IRF Geneva) have on 21st Sept 2017 signed a Statement of Intent (SoI) to cooperate in…
Google’s payment app – ‘Tez’
Finance Minister Arun Jaitley launched Google’s payment app - ‘Tez’. Tez by Google is perhaps the simplest form of monetary transactions. Tez by Google and other ecosystems will make a…
Explaining the Economic Slowdown
What do the latest numbers say about the economy? Growth in industrial output, according to the Index of Industrial Production released by the Central Statistics Office, has slumped to 1.2%…
In economics, what is ‘Easterlin paradox’?
This refers to the paradoxical relationship between the growth in the GDP of a country and the level of happiness enjoyed by its people. It is named after American economist…
In mathematics, what is ‘Kelly criterion’?
A formula that is used in gambling to determine the amount of money that a gambler should bet on a particular wager to maximise returns while controlling risk. It is…
What is Trade in Services Agreement (TISA)?
On services trade, the WTO has the well-known General Agreement on Trade in Services (GATS) Agreement. It is the international code of conduct that provides the rules for promoting international…
RBI not comfortable with non-fiat cryptocurrencies
The Reserve Bank is uncomfortable with “non-fiat” cryptocurrencies like Bitcoin. What is a non-fiat cryptocurrency? Bitcoins for example. That’s a private cryptocurrency. The fiat cryptocurrency is a digital currency which…
What is ‘bounded rationality’ in economics?
This is a theory of economic behaviour which states that human beings make decisions on the basis of limited information and constrained cognitive ability. This is in contrast to the…
What is ‘Animal spirits’ in Economics
This is a term that refers to the emotions and instincts that guide the behaviour of investors and consumers in a market economy. It was coined by British economist John…
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