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Gig Economy
Introduction In a gig economy, temporary, flexible jobs are commonplace and companies tend to hire independent contractors and freelancers instead of full-time employees. A gig economy undermines the conventional economy of full-time employees, who often prioritise professional advancement. The rapidly burgeoning gig workforce is ushering in a new economic revolution globally. India is the new frontier of this revolution due to its demographic dividend of a half-billion labou


Special Drawing Rights
Introduction The SDR is an international reserve asset that was formed by the IMF in 1969 to augment the official reserves of its member nations. However, the worldwide supply of the U.S. dollar and gold, the two primary reserve assets, was insufficient to sustain the expansion of global commerce and the associated financial activities. This spurred member nations to establish an international reserve asset under IMF supervision. In response to concerns about the constraints


Helicopter Money
Introduction This is a novel monetary policy tool aimed at reviving a faltering economy. It entails the printing of large amounts of money and distributing them to the general public. This term was coined by American economist Milton Friedman. It is a term that refers to a helicopter dropping money from the sky. Friedman used the term to signify "unexpectedly dumping money onto a struggling economy with the intention to shock it out of a deep slump."Under such a policy, a cen
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