Harikatha, the traditional art of story-telling in South-India has been in NEWS recently, on account of recent revival. What is Harikatha? Story telling is a popular performing art in India. Each region has developed its own style and tradition of story telling in various regional languages combining musical compositions between the narrations. Epics and Puranas […]
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British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel Memorial Prize in Economic Sciences for their contributions to contract theory, shedding light on how contracts help people deal with conflicting interests. What is Contract Theory? Contract theory provides us with a general means of understanding contract design. One of the theory’s goals is
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Over the past week, Indus Water Treaty has been in NEWS. This is a detailed article on the same. Indus Water Treaty: The Background At the time of independence, the boundary line between Pakistan and India was drawn across the Indus Basin, leaving Pakistan as the lower riparian meaning water from Indus & tributaries flowed from India to Pakistan. Moreover, two
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Considering the challenges along its border with Pakistan, India has decided to completely seal the international border in a time-bound manner by December 2018. A meeting in this regard was held In Jaisalmer, Rajasthan between Home Minister Rajnath Singh and representatives of 4 states sharing border with Pakistan. Further, a new concept of Border Security Grid (BSG)
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In a bid to promote financial inclusion the Union government has come up with ideas like Payment Banks & Small Banks. The RBI has recently granted ‘in principle’ approval for payment banks to 11 entities, including big names like Reliance Industries, Aditya Birla Nuvo and Tech Mahindra, as also Airtel and Vodafone. What is Payment Bank? Payment
