Latest Business News
World Bank Launches New Bond
In a first, the World Bank launched ‘bond-i' (Blockchain Operated New Debt Instrument), on August 23, 2018. The world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology is fully managed using the blockchain technology from start to finish.
National Logistics Portal for International and Domestic Markets
The Union Ministry of Commerce and Industry is developing a National Logistics Portal to ensure ease of trading in the International and domestic markets by linking all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform. The main objective will be to fulfil the commitment of the Union Government to enhance trade competitiveness, create jobs, boost India’s performance in global rankings and pave the way for India to become a logistics hub.
International Labour Organisation's Indian Wage Report
The International Labour Organisation (ILO) released a report titled ‘India Wage Report: Wage policies for decent work and inclusive growth’ on August 20, 2018. The report shows that low pay and inequality persist in the country, even though the Indian economy has had at an annual average GDP rate of 7 percent in the past two decades.