Business & Trade Questions & Answers

Shankh Air, Uttar Pradesh’s first domestic airline, will soon operate from Noida International Airport, utilizing Boeing 737-800NG aircraft. Focused on boosting regional connectivity, it will serve high-demand but underserved cities across India. As a full-service carrier, Shankh Air promises a superior travel experience with competitive pricing, aiming to revolutionize the Indian aviation landscape. Shankh Air is a new domestic carrier …

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. This sub-regional organization came into being on 6 June 1997 through the Bangkok Declaration. It constitutes seven Member States: five deriving from South …

In 1907, car salesman John Hertz looked at his surplus of traded-in cars and decided to start a taxi business. Since taxis needed to stand out, the colour yellow was chosen. That was the result of a survey by the University of Chicago which concluded yellow was the easiest colour to spot. Hertz’s Chicago Yellow Cab Company was the first …

A major economic evil related to financial sector is the practice of money laundering. Money laundering involves keeping financial assets from illegal activity in a disguised manner. This money is kept without detection of the illegal activity for future use. Through money laundering, the launderer transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source. …

The US has withdrawn the Generalized System of Preferences (GSP) benefits provided to India and few other developing countries. GSP withdrawal will be enforced from 5th of June 2019. GSP is an arrangement that allows concessional or zero tariff imports from developing couturiers into the US. Withdrawal of the GSP benefit is expected to adversely affect exports from India. What …

Warren Edward Buffett (born August 30, 1930) is an American investor, industrialist and philanthropist. He is widely regarded as one of the most successful investors in the world. Often called the “legendary investor, Warren Buffett”, he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world’s wealthiest people. He was ranked as the …

Aunt is a term used to describe an uneducated or unsophisticated investor who is new and unfamiliar with investing, which makes him prone to poor investment choices. It has a derogatory connotation in the financial sector. Aunt Millie is used with reference to a low-risk investment offered to first-time, inexperienced investors.

A locapour is a person who drinks only locally produced wine or beer. It is a movement that is slowly on the rise as more and more people take to drinking locally produced drinks. The rage is now at its biggest in Canada. The word is a combination of local and pour. It is similar to locavore – a person …

A person who does not like shopping and prefers to pick up what is closest on the shelf and move on, as opposed to a discerning shopper who scans all shelves is a grab-and-goer. The word is a take-off from fast food lingo where food is grabbed on the way to work. The word is also used in the larger …

A downager is a person who acts younger than his or her age. There is a growing trend among women aged over 60 to live it up, hence the term dowager has been reinvented as downager. A study of independent, socially active Australian women found them working, studying, starting businesses and changing careers at the age of 60 and above. …