Ecognizance

Cryptocurrency aims to revolutionise the way we transact in a world no longer only physical, but also virtual. It has aimed to remove middlemen such as our central banks and to give much power back to the people in the money market. And as expected, our governments are fighting back. There is a lack of clarity and homogeneity in how the states treat and think about cryptocurrency. A legitimate form of virtual money? A commodity? or a financial security? All these terms and labels have different ramifications because of which the values of cryptocurrencies have fluctuated so massively. While both sides on the debate of crryptocurrency fight, the world deals with the consequences. But what are these impacts on the global financial sector and world economy? Let's have a look. The use of cryptocurrencies does not require authorization by any middlemen which means there is no surveillance for what it is used. Transaction fees are minimal, as low as a couple cents for some cryptocurren

As inhabitants of the subcontinent of India, we certainly cannot dismiss the fact that we live in a highly religion-oriented country. There is religion in politics, government, jobs and even in the days of the week! The 21st century is a very confusing and complicated era. While some people realize the importance of not wasting resources on stone structures, some still endeavor to organize the biggest (and the loudest) pandal in their neighborhood. With a population of over a billion religious people, the resources spent on religious practices inadvertently have a mammoth impact on the economy of the country. Now the question arises, are the resources being put to good use like helping contribute to the economy or are they just being wasted. The answer though is not that simple. There are two faces to the same coin. How religious practices benefit the economy : ASSOCHAM  estimates that Ganesh Utsav generates business worth about Rs 20,000 crore annually across the country, par