Global Recession

                                                    Blog by Anshu Priya

Recession is the friction excrescenced on the rostrum of world economy.It unfolds with a baggage of descending consumer confidence leading to lost liquidity hence inflation and proliferates surmounting the stock markets, employment and The GDP.
The edifice of the world economy lies on the foundation of The World Bank and The International Monetory Fund.The two fragments play a major role in the upline and retention of world economic growth.
Recession,a general economic slowdown is defined as two consecutive quaters of negative growth in GDP.The Global Recession,in fact, is a decline in annual per capital GDP.
It is ardous to calculate the world economic recession owing to the fact that developing country is expected to have a higher GDP growth than a developed country.When the world output falls below a certain threashold,when GDP falls two quaters in a row and when a panel appointed by each country like the (NBER)  in US identifies,a recession is acknowledged.
According to IMF,a global recession occurs over a cycle lasting between eight and 10 years.Amongst many,the few most effective ways to eradicate recession would be to encourage Trade and commerce, contain inflation and introducing government measures in each country to succumb taxes and interest rates.
Oracles predict the next global recession to be on the skyline .Most effective preventive measures that can cease the loss would be Loosening of Monetary Policy , Expanding fiscal policy and ensuring financial stability.These policies should be undertaken by each country individually to prevent the value of economy throughout and to flourish and strength the immense potential of the capital reserves across the globe.


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Socia Media Intern



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Save Money While Online Shopping


                                                                                                                 Blog By Pallavi Bose 

Online shopping is on a high these days and you can see most of us are becoming online shoppers. And why not? Firstly because it is easy to do online shopping and get products delivered to your home rather than visiting a mall and then going through multiple brands and then choosing products. In online shopping you get multiple brands at one page only where you can easily compare their features and find out which one is the best for you. Also, you get products much more cheaper than what you get at stores. Plus, online shopping these days has flexible and quite convenient return policy so no problem there also.
And do you know you can save much more money while doing online shopping. Do you want to know how?? Have a closer look at the points given below –

1.       Subscribe – Every online shopping page has a newsletter. Just drop your mail id and subscribe them. You will be then receiving constant notifications from them and then you can easily buy what you want.

2.       Coupons – there are many coupon pages also which can get you some cheaper deals while online shopping. You can earn either by saving some cash or you can easily earn through cash back also. Both of them are pocket friendly.

3.       Discount Season – These days each and every online shopping page has got a discount season. Thus, have a look at them and see if your favourate items are in discount or not. This will easily save you some good bucks.

4.       Research Research – if you do a thorough research you will observe that the same brand cost differently at different shopping pages. Thus, before buying a product check the prices of the same product at different places. May be you will land up with some cheaper deal.

5.       Use Bonus Points – Sometimes you can share or just refer some products or the online shopping page and earn bonus points. These points are redeemable and this will help you to save some money while you are making your next purchase. 

Bitcon Currency: A Revolution in the Era of P2P Cash Transfer

                                                                                                                                                                                                                                                                                                                                                                                  Blog By Reema Singhal  

Bitcon Currency: A Revolution in the Era of P2P Cash Transfer

While Peer-to-Peer (P2P) funding is in the headlines for its extensive benefits over the tradition brick-mortar institutional funds, Bitcon is another revolution that has given P2P a new edge. Peer-to-Peer funding is basically a mechanism where fund transfers are done without any involvement of any financial institutions.

A process Mining has leads the inception of Bitcoins which are meant to be exchanged for other countries. This cryptocurrency is powered by the users and is no more than a computer programme as well as it has no middlemen or any central authority. Bitcoin.org offers a personal wallet where the users are allowed to send or receive these bitcoins. This peer-to-peer payment network was first published in the year of 2009.

A Japanese national Satoshi Nakamoto is named behind this concept of Bitcoin however he denied to have any role in its inception. This fast-picking concept is already been used by NemeCheap, WordPress, Flattr as well as Reddit. To a surprise, even few small physical stores across world are also accepting Bitcoins. The transactional volume of Bitcoin at the end of 2013 was estimated to $1.5 billion. On an average million dollars of Bitcoins are exchanged on the daily basis.

With unique keys, Bitcoins are held only in the virtual wallets with no physical existence. Under the bitcoin network, a cryptographic process is verified by the various computers across the network in order to send the bitcoins from one wallet to another. From their respective addresses, every Bitcoin user has access to transfer these Bitcoins. Infact, every transaction executed is minutely detailed with the Bitcoin network.
With effective security track, the cryptography and the protocol used for exchanging the Bitcoins make it a safe deal and hence ranked the entire Bitcoin network as biggest distributed computing project world-wide. The only threat associated with the Bitcions files so far is their accidental loss or deletion. Like you store cash in your locker, if stolen then next to impossible to recover, the same applies to Bitcoin.

Places like Russia and Argentina has debarred its citizen to use Bitcoins while the rest of world has not still made it illegal with its jurisdiction. But due to the lack of its jurisdiction, Bitcoins are prone to high volatility. Right from nefarious transactions to drug dealings, it has been used to as a source of payment.

There is still a long way to go for bitcoins to be accepted as world-wide currency and it is still in its experimental phase. It is worth notable that the virtual currencies like Flooz, Beenz or internetcash.com have already observed steep failures in past, with the potential of technical failures, it also has a fair scope to fail. However no currency can be termed as ‘safe’ because the world has also witnessed the failure of Zimbabwean dollar as well as German Mark as failure.
















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