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February 2019

Being a trailblazer in various path-breaking pedagogic techniques over 20 years, and following its legacy of being ahead of the curve in adopting technology to aid the various systems and processes of an academic institution, Globsyn Business School (GBS) has become the first AICTE approved B-school in India to use Blockchain for education in order to digitise its certification process – a feat that has yet to be achieved by any other academic institutions in India, and among the very few to have taken this disruptive step globally. Globsyn Business School's Class of 2018 who got convocated on February 17, 2019, are the first students in the country to have their diplomas on Blockchain. The process of Blockchain certification will not only be beneficial to students and corporates, but also to other stakeholders like higher academic institutions and the education system

The session started with glimpses of different effects that drive a market and slowly it progressed into a broader side of Economics i.e. Balance of Payments which actually forms the base of current Financial Market. Mr. Anindya Banerjee, an alumni of Globsyn Business School, effortlessly reflected his insight about the market scenario which he has gained through experiential learning. He discussed on the entire Balance of Payment (BOP) and concluded it in terms of accounting statement. In this context, he told that the Accounting Standards prepared by The Institute of Management Accountants (IMA) is called the Balance of Payment Mechanisms 6 (BPM 6). This technique is used almost by every Government in the world. The NRI can access the two kinds of bank accounts which are Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts. The concept of Surplus and Deficit came

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