Ayan Innovation

             Bhutan is a country to which India attaches a great significance both diplomatically and socio-culturally. This landlocked country is surrounded by the mighty Himalayas on all the sides. It is also considered as a buffer state between the two largest Asian giants i.e. India and China. It is a country which measures the gross happiness of its people. Bhutan is an environment conscious country.         It is a democratic country, which has the King as the head of the state and the Country’s executive head, which is the Prime minister who is democratically elected by its own people. Like every democratic country in the world, it also had its national election in which the country chose Lotay Tshering as its Prime Minister. Lotay Tshering is a MBBS from the Dhaka University. His party won the general election with a thumping victory by winning 30 out of 47 seats in the Bhutanese parliament.      ...

If you are confused between the difference between IMF and the World Bank well you are not the only one. Framed economist John Maynard Keynes who was the founding father of both these two institutions said that he was confused by their names. The IMF and the World Bank are closely linked. So closed are they that their headquarters are across the street from each other in Washington DC, USA. FORMATION : - So what is the difference between these two institutions and how did they come to existence. It all started at a hotel in New Hampshire in July 1944. When 44 countries gathered at the Bretton wood conference at the hotel. The goal of the conference was to agree on a new framework and guidelines for the international monetary system so that the global institutions that keep the global economy running, can run smoothly without any hiccups and hindrances. After the second world war most people agreed that the existing age old system has failed. It has seen the great depr...

Have you ever wondered why there are only round tables in the Starbucks?          We all visit Starbucks once in a while. Many memories are being made or many memories are being revived over a cup of coffee at the Starbucks. While sipping a cup of coffee on the round table, we all strike a conversation sometimes lasting from few minutes to few hours. But has anyone wondered why all the Starbucks around the world have round tables. Instead they could have square tables or rectangular ones or any other tables of any geometric shape. But that is not the case. All the Starbucks around the world have the tables that are only of circular shape. So let us examine the probable reasons for having such round table in one of the world’s most famous beverage outlets: - §      A round table is less formal, has no 'empty' seats, and the lack of right-angle edges makes the person seated at the table feel less isolated. §   ...

      India has invested heavily in Iran particularly at the Chabahar Port, seen as a gateway for the Indian goods to reach the Gulf and Europe without going via Pakistan. New Delhi also views the port as an important way to counteract the Gwadar Port in Pakistan which is being developed with the help of Chinese assistant in Pakistan.        The port is being developed by the government owned company, Indian Ports Global Ltd, although private companies are expected to bid for the subcontracts for the development of this port. New Delhi has said it will allow them to do so in Rupees, bypassing the US sanctions.       A spokesperson for the Indian Government said, “India has always maintained that the Iranian nuclear issue should be peacefully resolved through dialogue and diplomacy by respecting Iran’s right for peaceful use of the nuclear energy.”      From Chabahar Port and using it for...

INTRODUCTION :                 South China Sea is a 3.5 million square km of water body located in Asia. It is surrounded by countries such as China and Taiwan in the north, Malaysia, Brunei and Indonesia in the south, Philippines in the east and Vietnam in the west. This South China Sea is considered as one of the busiest shipping lanes in the world. The Malacca Strait joins the South China Sea with the Indian Ocean. Each year around USD 5.3 Trillion worth of trade takes place through this region. Around       1/3rd of the global maritime trade passes through this region. It is estimated that the South China sea has 11 Billion barrels of crude oil, 190 Trillion cubic feet of natural gas and is the home to the 10 % of the world’s fishing industry. However, the Chinese estimate that this region has 125 Billion barrels of crude oil and 500 Trillion cubic feet of natural gas. THE DISPUTE :-   ...

        India's FMCD sector is one of the largest economic and industrial sector in the country and are playing an important role in the growth and development of the world's largest democracy. v   India is one of the largest and the fastest growing FMCD markets in the world. v   India’s FMCD market reached USD 31.48 Billion Dollars in 2017. v   The FMCD market is expected to grow at 41 per cent CAGR between 2017-20 to reach US$ 400 billion. v   The consumer durables sector in India is expected to grow 8.5 per cent in 2018-19. v   Such growth can be attributed to the rise in India’s middle class, increase in rural electrification, change in the lifestyles of the Indians, 100 percent FDI in the electronics hardware-manufacturing sector under the automatic route. v   Consumer electronics exports from India reached USD 362.12 million in FY18. v   The market consists of two types of goods. First is the Brown goods. It...