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Showing posts from March, 2022

Why is Cryptocurrency booming?

  Cryptocurrency is also called a digital asset in any form of currency that uses cryptography to secure financial transactions. It is a tradable digital asset form of money built on blockchain technology. Bitcoin is the world's first cryptocurrency, which was initiated by Satoshi Nakamoto and developed between mid-2008 and early 2009. As of now, over 18k cryptocurrencies exist in the world. The price of Bitcoin is just $0 when it was gone for mining of the genesis block (First Block) of the blockchain. Bitcoin price has touched a record high of above $60k in May 2021 and is currently traded at around $46k. As per the latest statistics in 2021, a total of 106 million people in the world own cryptocurrencies. Out of the total, 81 million people have created their own bitcoin wallets. Born and Raise on Crypto The world has seen a financial crisis when interest rates were skyrocketed and lending standards were decreased in 2008-09. Lehman Brothers Holdings Inc, which was the four...

Growing demand for golden visas!!

Ignore bringing black money into the country. The number of indigenous people moving abroad is steadily increasing. As per the latest report that inquiries by the wealthiest Indians to establish permanent residence or obtain citizenship in that country increased by 54 percent last year compared to 2020 by investing in another country. The report expects further growth in the year 2021. By the year 2020, 2% of Indian millionaires will have moved abroad. The company specializes in overseas residency and citizenship planning. India, the United States, and Britain are among the world's richest people seeking to settle abroad. According to the Indian Ministry of External Affairs, over 6 lakh people have renounced their citizenship in the last five years. About 40 percent of them immigrated to the United States. Of these six million, some have settled in Portugal, Malta, Cyprus, etc. on a Golden Visa. Portugal tops the list of countries where the richest Indians are most likely to emigra...

Russia faces pharmacy crisis!

Russian people gag for drugs. Pharma imports are drastically reduced in Russia because of the “Swift” effect. Citizens also queued up at pharmacies for drugs in the Russian capital, Moscow. The result of the sanctions on Russia in the wake of the aggression on Ukraine. This is especially the case with Russian banks being exempted from the US 'Swift' money transfer system. More than a dozen iconic pharma companies have already announced their withdrawal from Russia. However, the supply of life-saving drugs and vaccines will continue until a final decision is made. But, Swift's lack of payments to pharma companies has now become a major reason for the shortage of drugs in Russia. In addition, the suspension of cargo services by the iconic logistics company Maersk is having a severe impact on the supply of drugs. The American company that supplies drugs to Russia is Lily, the Swiss pharma giant is Novartis, and the French company is Sanofi. German companies trade in US dollars...

Will Rajapaksa's chaotic policies push Lanka into trouble?

Sri Lanka is facing an unprecedented agricultural and economic crisis over the past seven decades. With the Rajapaksa family and dictatorship, the country was mired in debt. Without preparing the farmers unilaterally implementing organic farming across the country is a curse. Crops were damaged. Food shortages intensified as yields fell by less than a third. People have no food to eat. There is no money at all. Food prices are skyrocketing, petroleum products prices are skyrocketing. Unable to cope with the financial difficulties, Sri Lankan Tamils ​​began to migrate to India. Last year, Prime Minister Mahinda Rajapaksa unilaterally decided to adopt 100 percent organic farming without educating farmers on how to do organic farming. Imports of key chemical fertilizers were banned. The decision to become the credit of the first and only country in the world to have one hundred percent organic farming was initially deceived. Yields have halved since September due to the unavailability of ...

Sri Lanka on verge of collapse!

  Sri Lanka is reeling from the food crisis. Two people who were standing in different queues for petrol have died in a crash in the wake of skyrocketing prices. The situation in Sri Lanka looks really bad. People are facing the worst debt crisis in 26 years, power cuts, shortage of food, currency devaluation, and high fuel price. Colombo police spokesman said two elderly men died in queues for petrol and kerosene, one of whom was 70 and the other a 72-year-old. They stood in a queue for four hours and were pronounced unconscious. Sri Lanka has been reeling under a severe food and financial crisis for the past few days. Commodity prices have skyrocketed. In the country, an egg now costs 35/-, while a kilo of chicken costs 1k. Petrol, diesel, and kerosene prices have gone up. A liter of petrol is currently priced at 283/- while diesel was priced at 220/-. The Sri Lankan currency is valued at dropped to 270. 90 percent of hotels in the country were closed due to the financial crisis...

Destroyed the historic city Mariupol!

Mariupol is a city with a history of 243 years and situated an area of ​​224 square kilometers with having 4.50 lakh population in Ukraine. It is the birthplace of more than 60 educational institutions. Though Kyiv is the capital city for Ukraine, Mariupol gives the lion's share of the country's GDP. The city, which was founded in 1778, has now lost its landmarks to Russian invasions. In the 90 percent of the city was completely destroyed. The Ukrainian Defense Ministry posted on Facebook on Thursday that it was almost impossible to rebuild the city. Mariupol has played a key role in the industrialization of Ukraine. More than 2,700 civilians, including children, have already died in Mariupol. Mass burials were made for them last Saturday and Sunday. Ukraine's Parliamentary Human Rights Commissioner has expressed concern that about 1,300 people have been trapped under the rubble of a three-story drama theater destroyed by a Russian airstrike on Wednesday. The Russian warpla...

War will lead to food shortages rather than oil?

Everyone is talking about the crude oil crisis because of Russia and Ukraine war but the food crisis seems to be inevitable in the coming days. The crisis is not limited to two nations, across the world all nations are jeopardized with food security. Two of the largest food producers are on the battlefield. Crude oil prices are begun to raise in all countries is the first sign because of war. It’s not just oil, there are many commodities produced in Ukraine like Wheat, Cooking oil, and Sugar. As per the International Monetary Fund (IMF), Ukraine plays a major role in the global food system. The United Nations (UN) assesses that food prices surge a minimum of 22% in the coming days. Russia is the world’s largest exporter with 18% of wheat whereas Ukraine is the 5 th largest exporter of wheat with 7% of world sales. Two nations who are on the battlefield collectively exported one-fourth of wheat to other nations. Wheat becomes unavailable to people outside of Russia, ...

Russia is going to pay a huge price!!

Were the Russian forces exhausted within 19 days of the start of the aggression on Ukraine? Is Russia, one of the largest military powers, steadily declining its arsenal? Is Russia now dependent on China for weapons? The US State Department and the press answer yes to these questions. 19 days after the start of the aggression, Russian forces have achieved nothing so far except create havoc in Ukraine. In other words, infantry forces at the field level are suffering from food and water. The US military is airing articles claiming that there is no fighting statute in the Russian army and that there are many failures. Above all, the equipment used by the Russian military for communication is high-frequency, and those conversations can be heard even through ordinary radio. Similar mistakes are said to be sending Russian troops to Ukraine and US intelligence agencies. Russia has appealed to China for military equipment and weapons in the wake of the attack on Ukraine. America has issued war...

Coronavirus wave started again in China

  As many countries across the world open up and resume 'normal life' with a fall in Covid-19 cases, China is currently seeing its worst outbreak of the virus in two years. China confronts its worst nationwide Covid-19 outbreak since the start of the pandemic in 2019 December. China records 3400 new covid-19 cases on March 13 th that forced the nation to impose new curbs amid the worst COVID outbreak in two years. It’s almost more than triple of China’s covid cases in two years. The spike is driven by asymptomatic infections of the virus Omicron variant. The fresh wave is caused by management oversight by quarantine hotels. Chinese authorities concentrated on high-tech Shenzhen city to contain the spread of pandemics. The city has a 17.5 million population. Apple supplier Foxconn shuts plants as the Covid outbreak in China grows. 42% of Apple hardware is made in China. Production has stopped in the tech and manufacturing hub in Shenzhen after the city is put under lockdown. Ch...

Indian missile touched Pakistan soil!

  One of India's missiles plowed into Pakistan and caused severe destruction. The incident, which took place on March 9 evening, came to light recently with Pakistan announcing that India had launched an unarmed supersonic missile at them. As per Pakistan Army, the missile was launched from the Indian city of Sirsa and was spotted by its air defense system. It is a surface-to-surface missile. It finally crashed at around 6.50 am near Mian Chan in Punjab province. Its collision destroyed the property of the citizens. Fortunately, no casualties were reported in the incident. Pakistan said the incident could have led to massive airstrikes and civilian casualties if the unexpected had happened. The neighboring nation also said they were strongly opposed to the incident and demanded that India take responsibility for the incident. The missile crashed at an altitude of 40,000 feet, covering a distance of 124 km in Pakistani territory in 3 minutes and 44 seconds. Indian Defense Ministry h...