Confiscated Xiaomi Mobile Company fund

 Enforcement Director seized Rs 5551.27 crore from Chinese mobile company Xiaomi for allegedly violating Foreign Exchange Laws (FEMA.i.e. Foreign Exchange Management Act). Investigators said that money was confiscated from Xiaomi technology India’s bank account. Earlier in January, the Central Government had sent a notice to the Xiaomi alleging evasion of import duty of Rs. 653 … Read more

What is ‘ Paper Gold’ ?

 In the functioning of the International Monetary Fund, twenty-year after its inception in 1967 a new form of medium of payment was introduced in the shape of Special Drawing Rights. It was the added facility given to the members who agreed to gain from it. These days the IMF accounts and transactions are maintained and … Read more

what is OPEC ?

 Organisation Of Petroleum Exporting Country (OPEC) was the culmination of a long drawn out tug of war between International Oil Companies and the Petroleum Exporting Country. Most of these countries were gigantic cartels controlling production in more than one state. It was their option to increase or reduce petroleum products in various countries and to … Read more

Controlling Stress

 It is often said that a man or a woman can live many years without any medicine if he or she does not suffer from any kind of stress. In modern society, people’s anxiety and thereafter the rising physical problems compound to the reduced life span and a host of illnesses.   One might dismiss … Read more