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In the era of economic globalization with more interdependence among the countries and the facilities of digital marketing and communication available, it is difficult to think that any country can survive in isolation. On the contrary, the countries with the availability of global trade facilities and faster means of transport, look at those countries wherefrom they can import quality product at a lesser cost and save precious foreign exchange, instead of setting up a costly manufacturing hub for their domestic needs.

There has been a spurt in number of e-commerce companies that have come up in the retail market offering various concessions and discounts. Apart from the giants like Amazon, flipkart, Snapdeal, shopclues, many others that have joined the fray include Indiamart, BigBasket, Gingercrush, Wooplr, Kartrocket, Stylflip, Supplified, PinkBlue, Schoolkart among others.

Covid-19 that originated from China, has claimed its toll in Italy, Germany, Taiwan, Singapore, Hongkong, France, Canada, Russia, USA, India among other countries. Lakhs of people have been infected globally by the Covid-19 with five to ten percent deaths due to thi deadly disease. The World Health Organization (WHO) is taking twists and turns in its announcements about Covid-19 pandemic.

Gig Economy, also referred to as “crowdsourcing”, the “sharing economy” and the “collaborative economy”, is where the individuals can market their skill sets (in both unskilled labour market and as skilled professionals) and sell their services online on different platforms or companies. In this GD Topic by MBAUniverse.com read all about Gig Economy Statistics, understand reasons for its massive rise, Pros and Cons, and Impact of Covid 19.

Facebook, the largest global social media platform has bought 9.9% stake in Reliance Jio to the tune of US$5.7 billion (Rs 43,574 crore). Reliance Jio is the telecom unit of Reliance Industries Ltd (RIL). The deal gives the social media giant – Facebook a firm foothold in a fast-growing massive digital market and helps the Indian oil-to-telecom conglomerate to significantly cut debt. The deal values Jio at Rs 4.62 lakh crore ($65.95 billion).

Updated on January 12, 2022

India is often cited as World’s largest democracy, where many faiths and religions have lived together peacefully since Independence in 1947. But every few years, Intolerance and religious sentiments rear their ugly head, resulting into riots and mob violence. 

Telecom sector which was already running in hot waters, got another blow with the recent judgement by Hon’ble Supreme Court of India on Adjusted Gross Revenue (AGR). The Telecom companies have to pay more than Rs 1.3 lakh crore as additional dues to the Government. The government has set up a committee to consider ways in which the struggling telecom sector can be helped.

(Updated on December 23, 2022)

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