NEW NORMAL

 Recently, the COP27 meet was held without much fanfare on climate change. As usual, the developed world which is adamant about its stand wants to punish the developing world for carbon emissions. The least developed world is not in the count and they are paying the price of climate change without any of their faults, the present meeting has some headway for them, as the cost of carbon emissions reduction technology and cost of replacement is so huge for them as they are not able to make arrangement for same. The developed world has also a problem with India and China regarding carbon reduction goals as they want both to pay for all climate change prices. The developed world had done maximum damage to the climate and also avoided discussion on it as they know their action with data on it. The 27th COP meeting was the same for us. The fund is formed for financing technology for climate change. The exact nature of the fund and how it will be used is yet to be known. The Least developed a

 Just a few days ago we got the presidency for one year of the G20 group at the Bali summit. The group already has its dominance in world politics as it has more than 50% population and market with the same amount of wealth. Prior to the closing ceremony, we played a big role in the final declaration to build consensus on it. The starting for us is very encouraging as our role as the deal makers has been established with full faith and authority. The plan for next year is ready and we will be hosting all the important leaders and delegates in one year in different locations and establishing ourselves as the best country for foreign tourists in all aspects. the whole year will have some 200 nos of meeting in 50 diffeerent locations means increased tourist inflow to this places and a chance to showcase our culture and hospitality. Already our hospitality sector with the aviation industry is reaching the peak level in comparison to the 2019 level. Now, the sectors will expand and capacity

 The world over the news is that inflation is making headlines and all issues are getting compounding. There is no visible solution in the near term. The issue of job cuts is increasing and it will increase going forward. The US and Europe are facing similar problems with high inflation and looming recession. The war between Ukraine and Russia is still not ended which will increase all other issues the world over. The high commodity prices are not softening either crude or eatables like wheat and rice. The poor countries are facing a double whammy due to their small foreign exchange reserve. The hunger problem is increasing due to this. The pandemic is still there with frequent lockdowns in China which are adding problems in the market with supply chain disruption. The market is still facing demand issues in the major parts of the world which are getting aggravated due to supply disruptions and war. The reason for high inflation in  Europe with major dependence on Russia for gas, Germa