“The travel and the tourism industry, it’s just a huge part of our economy.” -Karen Hughes What is the first thing that comes to your mind when you hear the word MICE? Surely, Geronimo Stilton. But in the economics sphere, it has a wider meaning. What exactly does MICE entail? Let’s have a closer look…
Author: Econox
An initiative by Econox, an Economic Society of College of Vocational Studies at University of Delhi. We try and offer the basic economic concepts, news and persons of interest in the field of Finance and Economics.
GEOPOLITICS IN RACE TO SPACE: ECONOMIC IMPLICATIONS
The 21st century has witnessed the importance of space exploration, where countries and private companies around the world keep on launching their spacecraft into space. While scientists and human curiosity have always driven space exploration, the current race to space is equally motivated by economic considerations. Geopolitics plays a central role in this race, as…
Capitalist World Economy: A Threat to Global Climate?
“Climate change is real. It is happening right now; it is the most urgent threat facing our entire species and we need to work collectively together and stop procrastinating.” – Leonardo Di Caprio The Problem In this day and time, everyone is aware about the two terms – climate change and global warming. Even though…
Ukraine-Russian War: A Timeline
The Russian Invasion of Ukraine commenced on the 24th of February after supposed military confrontations between the two states on the 21st of February. In response to this declaration of war, Ukrainian President Volodymyr Zelenskyy imposed martial law throughout Ukraine, and the mobilization of the citizens for the war started. Targeted Air-Strikes were carried out across Ukraine…
Dripping Oil Prices: A Curse or a Blessing?
Do you know about the time when the oil industry faced a huge setback? The time when the oil prices made history? When the oil prices went negative for the first time on record? Why did it happen? What was its effect on India? Did it scar the global oil industry forever? Let’s find out!…
The Economy of Modern Era : Gig Economy
What is a gig economy like? What is Freelancing? Is it the future or just a short living industry? Is this a viable source of income for all? Lets see the answer to all these questions? What is this New Economy? A gig economy is a free market system in which organizations hire independent workers…
THE FINANCIAL IMPACT OF COVID 19 ON THE CITIZENS OF INDIA
India records highest-ever 4, 01,993 new cases, 3,523 deaths. India reports 6,148 Covid deaths in the last 24 hours. DEATHS.TERROR. FEAR. It has been more than one and a half years since India reported its first case and it seems never-ending. Have you ever wondered what all the below-poor line people or the ones who have severely…
NATIONWIDE POWER OUTAGES: A BEGINNING OF DARK TIMES?
Have you ever wondered about a nationwide blackout? Or why are electricity bills rising? If not, then buckle up to gather some deep insights into the blackout situation. Why are many Indian states facing problems of load shedding and power cuts? Is this due to the shortage of coal? The Covid-19 pandemic has impacted various…
AFGHANISTAN: A 20 YEAR OLD WAR
Begging for life, The hopes in heart sure have died! Gun and whistles are all they hear, The sound of birds chirping and happiness has disappeared! Praying to Lord is all that’s possible, For the current crisis, Can we hold humanity responsible? THE TALIBAN TAKING CONTROL About a month ago, every news channel was flooded…
The Anti-China Wave: The Growing Isolation of China in the World Economy
THE PRESENT WORLD ECONOMY AND THE CHINESE INFLUENCE The world is suffering from a pandemic similar to one almost a century ago. The current situation has improved since last year. Apart from the economic recessions and other crises the world is facing and will continue to face post-pandemic, one major cost bearer is expected to…
The Background Story Of The ₹ Coin: From Minting to Circulation
Let me start by asking a few questions, do you know how coins are made? Or who regulates the production of coins? What significance do different engravings on coins signify? And finally, how do coins eventually reach in your hands when you make your transactions? They are some of the many questions that people often…
THE WORLD MUST GO ON
Well, what a roller coaster 2020 was!The pandemic left its effect on everyone’s life and of course, ‘The New Normal’ was pretty hard to get used to. As much as the year affected the mental health of many of us, the economy of numerous countries suffered at the hands of fate.The major economical setback of…
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