The World Trade Organisation (WTO) is an intergovernmental organization that was created to regulate international trade between nations. The organization was established in 1995 after the Uruguay Round of negotiations, which led to the creation of the General Agreement on Tariffs and Trade (GATT). The WTO has 164 member countries and is responsible for enforcing …
The Indian Ocean Rim Association (IORA) is an intergovernmental organization that connects countries bordering the Indian Ocean. With 23 member states, the IORA aims to enhance regional cooperation and economic integration, promote sustainable development, and strengthen maritime security in the Indian Ocean region. In this article, we will delve into the goals, achievements, and challenges …
The Gulf Stream is a strong and warm ocean current that flows along the eastern coast of the United States and across the Atlantic Ocean towards Europe. It is a key driver of the climate in these regions and plays an important role in oceanic and atmospheric circulation. In this article, we will explore the …
Article 368 of the Indian Constitution is one of the most significant articles that deals with the amendment procedure of the Constitution. It is a crucial aspect of the Constitution, as it ensures that the document remains up to date and relevant. What is Article 368? Article 368 is a provision in the Indian Constitution …
The Indian judiciary is considered to be the guardian of justice and democracy in the country. It plays a crucial role in ensuring that the constitutional rights of citizens are protected, and justice is delivered fairly and impartially. To maintain the authority and dignity of the judiciary, it is essential to prevent any act that …
The nebular hypothesis of Laplace is a scientific theory that explains the formation of the solar system. It was first proposed by the French mathematician and astronomer, Pierre-Simon Laplace, in 1796. Explanation of the Nebular Hypothesis According to this theory, the solar system is formed from a rotating cloud of gas and dust known as …
The Gaseous Hypothesis, also known as the Nebular Hypothesis, was proposed by the German philosopher Immanuel Kant in 1755. This theory attempts to explain the origin and evolution of the solar system. Though it was later modified by Laplace, Kant’s version remains foundational in understanding early planetary formation theories. This hypothesis was first introduced in …
Capital expenditure and revenue expenditure are two types of expenses that a company incurs in its day-to-day operations. Understanding the difference between these two types of expenses is crucial for businesses to make informed financial decisions. What is Capital Expenditure? Capital expenditure is the money a company spends on acquiring, improving, or maintaining long-term assets, …
Which Sector of Economy is the Largest Employer? Employment is a key indicator of a country’s economic well-being. It is an essential aspect of a healthy economy, and the number of jobs available in different sectors of the economy is a vital factor in determining a country’s economic growth. In this article, we will explore …
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Nominal Effective Exchange Rate (NEER) and Real Exchange Rate (RER) are two important concepts in the field of international finance and economics. Understanding these terms is crucial for businesses and individuals engaged in international trade and investment. Nominal Effective Exchange Rate Nominal Effective Exchange Rate (NEER) refers to the value of a country’s currency in …