I.I.M.U.N. Blog
Even after a decade of The Lehman’s Brother collapsing, Wall Street shudders. The stroke is still felt. No wonder a new crisis was forthcoming. A businessman named Hui Ka Yan founded the company known as Hengda Group now known as Evergrande Group. Situated in China, this company now deals in real estate development. Over the […]
History has a habit of repeating itself, be it in any sphere, the same stories come up again and again like bubbles because it’s not over till it’s over. Beginning from The Panama Papers when the International Consortium of Investigative Journalists had exposed the rogue offshore finance industry with a massive leak of more than […]
Popular parlance states that Zimbabwe went through hyperinflation between 2007 and 2008. The roots for the Zimbabwe hyperinflation were laid much before that. Zimbabwe is bestowed with abundant fauna and is home to Africa’s big five. Along with this, it is cursed with an abundance of mineral reserves like diamond, platinum, and gold. These reserves […]
While the world battles with the pandemic and the economy seem to be slowing down, the gig economy emerges as a silver lining for job seekers, and other workers. India before the pandemic defined “work” with certain definitions and parameters. For example, white-collar jobs (workers working in an office), or blue-collar jobs (workers performing manual […]
“Before capitalism, the way people amassed great wealth was by looting, plundering, and enslaving their fellow man. Capitalism made it possible to become wealthy by servicing your fellow man”, said late American Economist Walter E Williams who believed that Capitalism is morally way superior to other economic systems. He believed that “Socialism is just another […]
“Bas waqt ki baat hai mere jaisa ek aur ayega” (Translation: It’s just about time, there shall another one like me.) -Harshad Metha In the ‘90s when Harshad was enjoying his lavish lifestyle at that time many people were getting inspired by him. At that time bear cartel nineties were thinking of how to stop […]
The Beginning On January 1, 1981, Greece had joined the European Union with a debt-to-GDP ratio of 28% and a budget deficit of 3%, in other words as a somewhat perfect economy. At this point, there were two main political parties, the NDP and the PASOK, both of which were founded in the year 1974. […]
Harshad Shantilal Mehta was born on 29th July 1954, at Paneli, Rajkot district, in a Gujarati family. He completed his degree course: B.Com in 1976 from Lajpatrai College Mumbai and worked several low-income jobs for the next eight years. During this time, he had been desirous of making money so he stepped into the share […]
The budget, on 01st February 2021 was introduced in the parliament. Finance Minister Nirmala Sitharaman had promised a 2021 Budget like “never before”, with the aim of making India the epicentre of global growth. 100 years of India wouldn’t have seen a Budget being made post-pandemic like this”, she said. She stated that the Government […]
In Article 112 of the Indian Constitution, the Union Budget is referred to as the Annual Financial Statement and is considered as the Annual Budget of the Republic of India. In simpler terms, a Budget is known as a statement holds estimated receipts and expenditures of the Government for a particular year. The first Union Budget […]