Since ancient times farmers are respected due to their role of bread provider to the society. The presence of Farmers and ploughs in the paintings of early Egyptian civilization describes the importance of agriculture. Decrees and schemes to help farmers by the King were very common in the medieval period. In the modern era, the writing of great philosophers and Economists such as Karl Marx and Adam Smith emphasized the upliftment of Farm laborer for the progress of society. Issues related to farmers and agriculture always remain at the forefront for all the political parties across the globe. There is no doubt that small farmers in the modern era suffered greatly due to the incorrect and untimely decisions taken by the government. The new agriculture laws are positive steps, but without addressing the concern for a fair price from private players to the farmers, it is not likely to help much. The government should guarantee MSP (for at least Five years) from corporates/private persons until the farmers gain sufficient experience in negotiating with corporates/private players. A technological platform for transparent negotiation seller and buyer is a must.
Risk is real while risk management is a vague term. The uncertainty of the future events generally eats the return on investment. Understanding the risk and uncertainty is the only solution.
The speculation of the Indo-China military conflict is on the rise since the standoff (May 05) between the Indian and Chinese Army at Pangong Tso Lake, Ladakh, due to the border dispute. Both countries had deployed relatively small units of Army opposite each other in the disputed region. The escalation of this situation into an Indo-China war cannot be ruled out, due to the history of India-China conflicts. The US President Donald Trump has recently tweeted that the US is ready to mediate between India-China to resolve the situation, arose due to border disputes. The border between China and India is not properly marked due to the Himalayan region. Both countries claims and counterclaims on territories occupied by each other, as their own, which causes border disputes.
esterday, India got glued to the Television Screen to listen to the address of Prime Minister Narendra Modi on COVID-19. PM Modi has made some interesting announcements, including a 20 Lakh Crore ($ 31 Billion) stimulus package to Industries, without further details. His main focus was to develop India into a self-reliant nation to weather financial crises in the future. He also talked about the problems faced by the workers of the organized sector and the suffering of common people during the lockdown. He also indicated that several busine
Today the world is facing a deadly virus called COVID-19 or Coronavirus, which has affected millions of people worldwide and exterminated thousands. Coronavirus pandemic has forced governments and world bodies to take unprecedented measures (Lock-downs, curfew, etc.) to contain and eliminate the virus and roll out funds (in trillions) to subsidized its impact on economies... Continue Reading →
In general, people consider that the stock market movement reflects the state of the economy of the country. If the stock market is zooming it is generally considered that the economy is in a good state, on the other hand, if it is under performing then people think that there are some issues with the... Continue Reading →
An economic forecast which only gives the direction without the exact figures is fairly good for the economist as well as the dependents on forecasts. Forecasting about events based on past and prevailing situations is a very old practice. In old times, Kings kept forecasters/sages to predict the war, health, weather, state of affairs, future... Continue Reading →
By ByteSizeStory.com Imagine how utterly screwed we would be if the people losing their jobs due to coronavirus were left with no income Part of why I think economics is such a dismal science is because it recognizes there is never enough. Scarcity exists, therefore we need to make choices. Would you like this or... Continue Reading →
Everyone is worried about the recession hitting the global economy due to the Coronavirus pandemic. All international organizations are predicting a slowdown in the global GDP and millions of job losses in every sector. ABD has recently announced that due to Coronavirus, world growth would be slow down by 0.1%-0.4% (US $77 – US$ 347... Continue Reading →