India’s ties with its southern neighbour strengthens: RBI’s Currency Swap Agreement with the Central Bank of Sri Lanka

By Sudipta Purkayastha, Gujarat National Law University.

The Indian Prime Minister Narendra Modi has, since practically the beginning of time, stressed on the importance of maintaining friendly relations with other states, especially those in South Asia.

This March, he lived upto his motto once again, by visiting Sri Lanka for talks aiming at improving bilateral ties between the two nations. The first Indian Prime Minister to visit Sri Lanka on a bilateral basis since 1987, Mr. Modi made a practical gesture of his belief that economic ties are “a key pillar of relationship between the two countries”. Further, the Indian premier has stated that the progress in the relations between the two nations “reflects [a] shared commitment to stronger economic cooperation”. (more…)

Bitcoins: The Gen Next Revolution or Disaster

By Sanya Darakhshan Kishwar, Central University of Bihar, Gaya.

A Critical Analysis of viability of Bitcoins as Currency

Bitcoins is a peer-to-peer payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto.[1] The payments in the system are recorded in a public ledger using its own unit of account,[2] which is also called Bitcoins. The US Treasury calls Bitcoins a decentralized virtual currency as the system has no central repository and no single administrator.[3] Although its status as a currency is disputed, media reports often refer to Bitcoins as a cryptocurrency or digital currency. (more…)