Hobbes is famous for his early and elaborate development of what has come to be known as âsocial contract theoryâ, the method of justifying political principles or arrangements by appeal to the agreement that would be made among suitably situated rational, free, and equal persons.
TODAY the European Central Bank (ECB) launches its long-awaited programme of quantitative easing (or QE), adding lots of public debt to the private kind it has already been buying. Its monthly purchases will rise from around â¬13 billion ($14 billion) to â¬60 billion until at least September 2016.
Cash membership fee on NSE, which has around 1,500 registered members, costs Rs 1.25 crore, and a cash market + derivative membership is available for Rs 1.5 crore. BSE could be pre-empting a similar move by MCX'SX, which will be offering an equity trading platform soon. The exchange did not respond to an e-mail questionnaire on the subject.