NEW NORMAL

 A few interesting news are flowing in the market which is very much interesting in our context. The ongoing conflict between Russia & Ukraine, which was shown that our descent recovery after the pandemic is going to derail as there is no escalation between them. The crude was going high since November, but it reached its high due to escalation, now it is cooling with nearly reaching $100 per barrel. In the coming time, we will see the rate settle down near about $80 per barrel.  The escalation is not full fledge war but a regional issue that will get solved as both are talking to each other. But we mentioned in the last blog that the cost of wheat is increasing due to the escalation, right now the cost per ton of wheat is nearly $500, which is very high then it usually is.  In the normal time, it is around $ 200 per ton, as the cultivation of same is destroyed due to escalation which usually made our export unviable, the cost for our wheat is around $250 per ton. In the near term,

   A lot of things are happening around us more precisely in the geopolitical sphere, lots of voices are coming in Russia and Ukraine war. It is not war which we think, moreover it is continuity of century-old conflict got modern-day retaliation from each in a different form, this time it is in the military escalation. The impact of the present mini-war or conflict will not have the major implication, in the globalized world the economic interest is more than that of moral or other forms of interest. There are many sanctions imposed by countries with many loopholes in the whole announcement and its implementation, which is very clear from day one to till date. If we see the whole episode, the world is divided on the issue with all needing oil and gas as many major economies are dependent on Russian oil and gas, so it is not feasible to stop the all of sudden the import of non-exchangeable commodiy. There is spike in prices of crude which is affecting the recovery of  economy after lock

 Last week we discussed in brief geopolitical pension and other prevalent topics. Since the pandemic, we as the country used this period for bringing major changes in our procedure and system, the whole world is changing as each one wants to become self-reliant or self-dependent in each aspect of life. The world order is changing for good. The present situation has given us another opportunity to do the course correction or change the whole procedure. Presently, one important issue we are facing today is medical education, the cost of education is very high with limited seats available to get admission.  The present system of medical education along with reservation policy is creating an undesired situation. The number of seats presently we have nationally is not up to the mark or less than required. We have to create an eco system that will give a cost-effective system so that we have medical education which will be the same  across the country. As we have created ONE NATION ONE TAX, 

 So, President Putin obliged President  Joe Biden by the strike on Ukraine. There is hectic geopolitical activity is going on around the world. What is going to happen is still not clear, the world order is going to change after this. There are many things going to change for us as well, right now we are an importer of many items which will be the focus for future. Right now,  we know that we are totally dependent on oil for our energy security. After the pandemic, we saw there is consensus for diversification of supply. Now, other items which we are importing in huge quantity or dependent on import is going to see diversification or indigenous manufacturing or another way around. We are totally import-dependent on edible oil, semiconductor, etc which is creating headline inflation & other issues for now. Either we have not worked on it or will work on it. Our children are going to study medicine in the Ukraine which is a low-cost medical education hub, the number of students prefe