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Around 120 years ago, the editor of The Economist Mr. William Bagehot expressed his vision of forming a single currency union for the entire Europe. When two or more nations share the same currency without any economic integration or technical deviations, then those countries form a currency union. Informal currency unions are composed of countries that have adopted a foreign currency unilaterally. Formal currency unions adopt a foreign currency by the virtue of some bilateral agreements. A formal currency union with common policies is always composed of many countries that have adopted a currency on the basis of a formal agreement by an issuing authority. Currently, there are around 19 currency unions in the world, with the latest being the EURO. It seems that the Eurasian Economic Forum (EEF), comprising Russia, Kazakhstan, Belarus, and Armenia, are seriously considering the establishment of a new currency union when Kyrgyzstan joins EEF. The largest currency union is the EURO ...

In 2014 December, FB conducted a test on ” Sell Something” button, which will help people and groups to sell and trade products via FB. Another feature “Dynamic Product Ads ´’ allows merchants to load the product catalogue into FB page that can lead to direct purchase in the future. Another rumor is that FB is going to have its own mobile payment platform. Pinterest already announced a “Buy’ button which helps the clients to make transactions within the platform and it will be live in late 2015. Social commerce may take some more time to become popular, but no one can deny the importance of companies using their social media pages for more conversions Toronto based Turnstyle solutions has developed a cell phone tracker which tracks the radio signals from client’s mobile phone to determine the physical location of the client. It gives the information about where the client goes and what he prefer and where he spends maximum time and this data is used in designing a product effec...

We witnessed many cyber attacks on various companies in 2014, but the attack on Sony Pictures Entertainment was the most fatal and the hacker’s identity is not yet confirmed. FBI is blaming North Korean Electronic army because few North Korean IP addresses were traced during the investigation. Sony Pictures were about to release a comedy “The Interview” and the plot is the assassination of North Korean President King-Jo-Un , who is equal to God for North Koreans. Hackers introduced themselves as ‘Guardians of Peace” GOP, sent a malware “Wiper” in Sony’s computer system infrastructure and deleted entire data from the servers. Hackers took all the official and personal emails and data. The impact was very controversial that Sony’s Co- Chairperson Ms Amy Pascal’s racial mail communications were also published by the hacker and she was fired. According to Kaspersky main threat comes from external sources as Spam and then from malware attacks in the form of viruses, worms and Trojans....

App industry is showing a high growth rate with huge number of downloads over the years. By June 2014 more than 75 billion apps were downloaded from Apple and 50 billion from Google Play. Apple paid more than $10 billion to their app developers in 2014 but by the very first week of January 2015 Apples has already spent around $500 million for app development. In the US itself more than 627,000 app developer jobs were created in 2014 and across 155 countries 1.4 million app catalogues were distributed. Global app economy was worth around $53Bn, in 2012 and the growth rate from 2012 -2016 is supposed to be at 66%. This sis made under the presumption that smart phone penetration in APAC and Latin American countries will grow than ever. There are more than 3 million app developers in the world and majority of them are Asians. Amongst them android developers are about 71%, HTML5 51%, Apple ios developers are 50%. As per the records every Indian has 17 apps and South Koreans lead wit...

According to WHO statistics every country needs at least 1% of blood reserve but for the entire population of India only 9 million unit is collected whereas 12 million unit of blood is annually required, which shows a deficit of 25%. Some times the deficit rise up to 50% and this leads to the rise of illegal blood farming in India. In 2011, blood was sold for $337 per unit in international market, and blood was taken out even from children and prisoners. In blood farms people are caged and extracted blood at least 16 times a month and they are just fed twice daily. In India the blood is sold for $18/unit which is 15 times higher than the government rate. Due to the lack of a Central Blood Agency authenticity of the reports are not confirmed. Rough estimate says that India needs 3 million units of blood and when it is multiplied by $15, the worth of illegal blood donation business is $45 million annually. Health issues are also reported along with illegal blood donation that to...

Ecommerce companies competing for the first place of India’s $13 million business are concerned about the heavy costs in shipment through air and they some how want to reduce the expenditure by improving on road and rail facilities. Flipkart, India’s largest domestic e-tailer , and the main competitor for global companies like Amazon . com and ebay Inc are generally widening their particular supplier networks by developing their logistics infrastructure in order to maintain their first place in this race. They are even shrinking delivery times to nine hours. More than 200 million internet users definitely add more potential to Indian ecommerce industry. Indian ecommerce market is expected to reach $6 billion in 2015. E commerce industry in other emerging markets are growing than India, and the slow pace may be due to various reasons like COD, cash burn rate, poor supply chains, poor online security, tax structure and logistics. Complex geography, different terrains and lack o...

The Consumer Electronic Show had many new devices but the below five technologies were counted as the most successful disruptive innovations in 2014. There was a dip in the cost of technologies and existing products were updated. Embedded sensors became more affordable because microelectromechanical systems (MEMS), including magnetometers and accelerometers became very cheap and putting embedded sensors into any product became very easy. As they become cheaper we may be able to find embedded sensors in things which we use in daily life like clothing and electronic equipments. For example, Kolibree, the electronic brush company in France claims that they can outsmart dentists and their goal is to ensure personal dental hygiene. Kolibree is the first connected electric toothbrush, equipped with vibrating technology to make brushing more effective. Its sensors interact with mobile apps for adults and children to make brushing a hygienic experience. Wearables, are supposed to bring ...