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Industrial Overview

Pharmaceutical industry and third party logistics in India

Pharmaceutical industry and third party logistics in India

Outsourcing is the act of reassigning some of the business activities and decision making abilities to another firm who specializes… Read more »

Present and future of small and medium enterprises (SMEs)

Present and future of small and medium enterprises (SMEs)

Small and Medium Enterprises (SMEs) are an important part of world economy. Though the SMEs are small in size, their contribution to any economy cannot be ignored. Read more »

Recently on Knowledge Tank

Humanitarian workers risk their lives to help others

On 19th August, every year the world celebrates Humanitarian Day and humanism. The Day designated by the United Nations General Assembly and themed around “the world needs more…” is an opportunity to celebrate the spirit that inspires humanitarian work around the globe. Continue »

Economics of plea bargaining

Plea bargaining is an agreement between the prosecutor and the defendant where the defendant agrees to confess to a crime in return of a benefit (Devers, 2011).  The Black’s Law Dictionary defines plea bargaining as “The process whereby the accused and the prosecutor in a criminal case, work out a mutually satisfactory disposition of the case Subject to the Court approval. It usually involves the accused pleading the guilty to a lesser offence or to only one or some of the courts of multi-count indictment in return for a lighter than that possible for the graver charge” (The Black Law Dictionary, 2004). Continue »

Removal of economic sanctions against Iran will crush ISIS

Earlier this month Obama-led America shocked the world with the removal of economic sanctions against Iran, ending a 36-year old feud between the two nations. What started as a diplomatic failure on the part of Iran in 1979 quickly spiraled out of control after Iran announced its plans to become a nuclear power with the construction of uranium-enrichment centrifuges in secret facilities throughout the 1980s (USIP, n.d.).

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Digital India initiative brings new hope to the real estate industry

Real estate in rural IndiaThe Indian real estate sector is the second largest employer after agriculture in India. The strength of the Indian real estate market can be attested from the fact that it is expected to touch US $180 billion by 2020 (IBEF, 2015). Continue »

Survival of Saudi Arabia after the exhaustion of its oil reserves

The present kingdom of Saudi Arabia came into being in 1932, after Abdul Aziz ibn Saud reclaimed a traditional homeland after defeating rival tribes. From its foundation till 1938, the Saudis were nomadic tribes living in harsh and inhospitable desert. The new kingdom was one of the poorest countries, with its main income financed by limited agricultural activities and some pilgrimage revenues. This however changed drastically in 1938 with the discovery of an oil reserve in the Al-Ahsa region (Simmons, 2011). Continue »

Impact of global warming on India’s agriculture productivity

Global warming is understood as the rise in average global temperature, with thisrisebeing attested by various evidences over the past 150 years (Fulekar, Pathak, & Kale, 2013). The Intergovernmental Panel on Climate Change (IPCC) reported that climatic changes caused by global warming is affecting almost all aspects in the world like agriculture, energy, coastal structures and rainwater harvesting, among others (Mendelsohn, Dinar, & Sanghi, 2001). Continue »

The World remembers Hiroshima and Nagasaki bombing

During the World War II, August of 1945, the United States of America dropped two atomic bombs on the cities of Hiroshima and Nagasaki which are in Japan (Shuk-ting and Qiu 2013). These were the first and only atomic bombs to have ever been used in a war. Continue »

Carbon sequestration to prevent global warming

Global warming has been a trending topic in the last two decades. Many people have blamed it on the recent climate change. Global warming is defined as the gradual increase in the overall temperatures on the earth’s atmosphere (Peters, Andrew, & Boden, 2013). It is caused by increased release of carbon dioxide, chlorofluorocarbons and other pollutants in the air. Continue »

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