NEW NORMAL

 Recently, going through the daily newspaper, the success of a few PACS was discussed. The stories in the newspaper are true as some of them are doing it professionally without any interference from the political class. These PACS are giving different kinds of credit support to their members like loans for seeds, pesticides, education, housing, marriage, etc. Also, they are taking deposits with a good return for them. The charges for loan or rate of interest is minimum for members. Other allied services like purchasing grain at MSP or above without any agent. The sale of these grains which generates cash with profit is distributed to members. A slew of reforms with PACS and cooperative banks were announced recently. The main reform which was carried out by the central government and the RBI is the professionalization of its board. Computer and software for 63000 nos of PACS. The annual income of farmers to be doubled is the desire of the government then cooperatives should be stren...

 Just a few days back we celebrated our 76th Independence Day i.e. Amrut Mahotsav of our Azadi. Now, we are entering into Amrut Kal which will last for the next 25 years, the challenges and opportunities in the coming years outweigh in favor of opportunities. We as a country, are a late starter in each aspect be it physical infrastructures like roads, airports, railways and other social infrastructures like schools and hospitals, etc. We opened up to the world after a long stint of socialism which miserably failed to achieve any good result other than favoritism. The net outcome of the socialist era was corruption and nepotism. In the opening up of the system to the world, we have gone through lots of changes in terms of execution and transparency. Earlier we used to work in an opaque system, now the rules are clear with the burden of compliance is either reduced or altogether scrapped as per the need of the hour. As said earlier, we are a late starter, and achieving our target is ...

 Azadi ka Amrutosav has been in full swing with different functions going on. The Nation is uniting for its future endeavor, this time enthusiasm is due to our collective efforts to come out of the pandemic, the loss we all suffered may vary as per individual, which resulted in frustration and moral down. The loss of monetary assets is recoverable but losing near and dear ones are irrecoverable. But life goes on with its speed, and everybody has to move on. Life is normalized in comparison to other countries with significant gains. Another part of the world is still facing a or two problems which are natural disasters or man-made disasters. Life is full of ups and downs, but we Indians with our rich ancient wisdom recover very fast. The visibility of the upswing in the economy is very clear. Let us celebrate the occasion with full JOSH. Playing with nature costing us very dearly, the mansion is erratic in the north and east past of our country whereas heavy rain in the south and we...

A lot of written on stagflation, inflation, and deflation. Everyone has his own view which is fair. The world is going on crisis after crisis regularly since 2020, with a new crisis waiting for its turn. Geopolitics has implications, a very high impact and new alignment in it is under work in progress. Probably soon we will new world order with a multi-polar world from a unipolar one right now. Everybody is trying to make the world as per their own requirement which is dangerous as the present system is tilted towards the US and Europe. Many issues are there in the present world order and a new system is needed which will address these and make the world a peaceful place. The inflation is there to stay a long time and is not come down in a short span of time. Our own mechanism of inflation handling is in the sink with our own reality and decision-making is under MPC. The present regime which we have made after a long consultation between the government and the RBI. If we check the hist...