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The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up for agricultural products so that farmers can get higher prices; and freed up for labour to attract investments. Without adequate incomes, people cannot be a good market for businesses. In fact, it is the inadequate growth of incomes that has caused a slump in investments. Ironically, the purpose of freeing up markets for labour is to reduce the burden of wage costs on investors just when wages and the size of markets must be increased. Human rights must prevail over economic considerations. Good markets enable smooth transactions between b...

Global Hunger Index 2020 - social issue Why india performed poorer then countries like Pakistan?   Key highlights: 1.        India Scores 27.2 (Serious zone) a.        0=no hunger b.       <9 = low severity c.        10 to 19.9 = moderate d.       20 to 34.9=34.9 serious e.       >35= Alarming 2.        Second last in south asia (even below pakistan) 3.        China + Brajil scored < 5 (low severity nation) 4.        South Africa =13.5 (moderate nation) 5.        India's poor rank bcoz of Wasting + Stunting ( highest in world) a.        Note:                ...

Preoject DISTRESS: -------------------------------------------- Assumption: At 21 Year age at an average, Indian needs job to support. Fact 1:     2.5 crore people attaining the age of 21 every year (Source of data : census of India 2001,2011). Percentage of Agricultural work force: more than 50 % (Source economic survey 2018), let take 50%. percentage of women in India=48.5% percentage of working women in India=28.5% Calculation: We have 2.5 crore adults acquiring age of 21 every year, so minimum 2.5 crore jobs are required every year----- BUT 48.5% of population of India are women, so 48.5% of this 2.5 crore approx must be women, which is 12,125,000.(12,875,000 this is left over) and 25.5% women works = 25.5% of 12125000=3,091,875 women are working. so, Total Indian requiring works= working women + working men=(3,091,875) + (12,875,000)=15,966,875 Indian Now lets subtract Agricultural work force, as they already have land to work on, In other words Gov...

Breaking Myth of Petrol Debt: It has been vociferously stated by ruling dispensation that they are paying petrol debt taken by previous government.                        In this article we will be exploring two things: 1)       Whether debt paying story is true or not. 2)       Can this scenario   of paying huge petroleum borrowing   debt   of one government by other is possible or not 1)Paying Debt: Link to below image: https://www.indiabudget.gov.in/budget2014-2015/ub2014-15/rec/annex6e.pdf This data has been taken from government of India directly(As you can see in the URL). It shows that loan taken by the previous government(UPA) being maturing in NDA’s regime(2014-2019) is   1750+1750 crore rupee that is 3500 crore rupee, which is roughly equal to the cost of making “Statue Of UNITY...

Challanges faced by global banks that lead entire world's bank to Switzerland's city called-BASEL: 1)Risk management: high NPA 2)Misuse of the banks: By gov and budinessman 3)banks transparency:banks different rate and profit and NPA should be in public domain 4)Credit allocation SOLUTION: led to Principal of global Banking: 1)Minimum Rjequirements 2)Supervisary review process 3)Market Discipline Minimum Requirement: It is the minimum level required by the banks to follow across the world. Here minimum requirement is divided in two parts  1)capital requirements(For banks to grow)  2)Reserved requirements(for banks to be  stable and minimise losses) Supervisary review process: RBI is the supervisor of banks in INDIA. so under this RBI has to make laws for license, guideline and punishment. this is made for proper review of banking. Market Discipline: RBI makes it coumpusary for banks to publish all its details for public viewing. BASEL1:   ...