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.
Two economic power houses and habitat of 40% world's population, India and China are on the brink of war due to border dispute. The war between these two countries can cause enormous pain on world economy and its growth prospects. Read the story behind the scuffle at Ladakh border.
The flaws in our social system are more visible than ever. In the last post, the prominent flaws in the current economic and other systems (Social, healthcare, and Environmental protection) appeared during the COVID-19 crisis have discussed. The critics of the system point out the widespread poverty and the gap between the rich and the poor. The other argument against the system is that it is biased the discrimination based on color, race, and religion hampers the development of human resources and its productivity.
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.
It is primary to understand the meaning of retirement before planning because planning depends upon understanding the meaning. On searching retirement on google, you would get millions of search results spread over hundreds of pages. The first result would be the meaning of retirement. The literal meaning of retirement is ‘the action or fact of leaving... 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 →
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 →