Corruption is The Price We Pay For Democracy

…es. The remaining six non-democracies are small city-states (Singapore, Hong Kong, United Arab Emirates, Oman, Qatar and Bahrain). In contrast, about 60% of the 60 most corrupt countries are autocracies, including Russia, Iran, Venezuela, Belarus, Syria, Sudan and Burma. Nearly all the 30 most corrupt countries are autocracies. India in this list is at 84th position. These data show it very clearly that corruption is in every popular form of…

Share Market Terminology: Part 1

…ers in a joint stock company from surplus profits. When a company has accumulated a large fund out of profits – much beyond its needs, the directors may decide to distribute a part of it amongst the shareholders in the form of bonus. Bonus can be paid either in cash or in the form of shares. Dividend Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders….

Welcome Back, Socialism

…010 overtook Japan to become second largest economy. Today, about 10% of the Chinese population (down from 64% in 1978) live below the poverty line. Socialist market economy (Chinese) is often criticised for being capitalist form of economy. But, this Chinese model is still a form of socialist economy. Even though, state run industries are privatised in China. The Chinese government still guides overall national economic development through…