NEW NORMAL

 The year is coming to an end today and we have had lots of sweet and bitter experiences this year. With third wave lockdown to an extremely bullish retail market is giving hope for next year to come. This year we have got the presidency of G20, which will add muscle to our not diplomatic power but also business. The year-long events not only increase tourism for the immediate present but also make the path for the future. Russia and Ukraine war is the best thing to happen from our perspective as we have not only secured cheap oil from Russia, but also the ecosystem of medical education which will not only give the best & more doctors produced locally so the precious money being saved due to this. We need more doctors than we are getting right now. The market for our farm products increased, and so did the realization of our farmers. The sanction on Russia is also booming for our fertilizer security now we are sourcing it from Russia. The covid spread in China is not only givin...

 Recently, minutes of MPC meetings were given for public information. The internal and external members' VIEWS were given, so we came to know the exact views. The external members were of the opinion that rate hikes should be paused to give pace to economic growth. The need for hours is to give the pace of growth as we are just coming out of lockdown. The growth is still uneven as a complete economy just opened with all sectors, now working at optimum capacity. The growth is there in all sectors which are now comparable to pre covid level. The corporates are now deleveraged at maximum and capacity utilization is reaching 75%. The balance sheet is in the best condition with a maximum now deleveraged Also, they have absorbed the cost which increased for them due to the wholesale price increase. The corporates are making plans for future expansion and also using opportunity which is coming their way namely production-linked incentive scheme, which is giving them additional profit. The...

 Nowadays supreme court is news for one or another reason. The news is not due to any good or best decision given in the current time, but instead of unwanted activism from their side. The NGT had given marching orders for stopping vehicles and construction work on an immediate basis. The news bite given by our Chief justice nowadays on a variety of issues is also not appropriate. First on the law aptitude exam and the other on the collegium system.  The opaque judicial system with unlimited power gives them unprecedented clout over the system, which is harmful to society. The decision they are giving is not delivered to ordinary netizens. The main crisis is they do not want to change themselves with no questions to be asked them, just obey the order without any complaint. Ordinary citizens do not have any resources or access to the top judiciary of our country. The language is not understood by the citizens as it is in not in the local language and is tedious. The time to get...

The budget is around the corner. Different stakeholders had been started. The different groups with expertise in their respective fields are giving suggestions and making demands for the respective area. The rumors and some definite things are coming from these meetings and we will be clear about when the actual budget will be presented in parliament. The seven days were hectic for the finance ministry, the different group gave their suggestions and put some demands for the welfare of the respective sector's stakeholders. The main requirement in the present situation is to carry out new reforms with the continuity of old ones. The present situation is very conducive to accepting a hard dose of reforms as everybody is watching the present downfall of economies all over the world. We are marching towards becoming a self-dependent economy with major trading partners for all in every continent. The world is facing issues that are giving us the best opportunity to grab, the recent state...

 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 develop...

 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 capa...

 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 g...