rom a shifting world order to a co-ordinated economic slowdown, the pandemic of Coronavirus Disease (or COVID-19) has gripped us in times of persisting glut of distrust. There is no one way to interpret the implications – both current and protracted from inaction today.
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If you have secured a place in a highly competitive course but make a conscious choice to let your actions make fellow humans suffer the same evil that they suffered at your family’s hands, you need to rethink about the purpose of education. If you are a 99.something percentiler and make a conscious choice to weed out the concept of ‘sustainability’ from your lifestyle, your education has failed.
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So I think now even Doc and Marty would agree that if the students are saying something everyone should sit up and better listen. Students are more than just test scores. They have their own opinions, desires, ideas et al.
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These students are the latest instruments in political attacks expertly directed from Lutyens’ and other redundant political corridors. Unincited violence and damages to public property in the name of protests is a mere representation of their desperation about slowly losing their relevance in Indian politics.
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Why are publications given so much importance? Is it because they convey a telling story about the on-going research(s) in the world? Is it because they act as ‘validation’ for a researcher? Or is It because it helps other researchers to use existing literature to develop their own research questions?
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Economists love Uber. Or at least, it’s imperative that they do because it’s the closest you can get to taking the pure economic theory of textbooks and summoning it to real life. Uber managed to create an open market, governed strictly by the forces of demand and supply.
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Operation Twist was the name coined for a monetary policy tool by the US Federal Reserve with a far-fetched motive to influence the prevailing interest rate in the markets. The tool essentially aims at changing the shape of the yield curve through the simultaneous buying and selling of short-term and long-term government securities.
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The education budget was presented under the umbrella of an ‘aspirational India’ theme. The theme itself kept me wondering if it just meant a meagerly increased spending and a few ‘new’ schemes like always, or did it really mean a stronger emphasis on ‘quality of education’.
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. The government’s estimate of 10% nominal growth in GDP for next year with retail inflation currently at 7.35% is worrisome as it indicates a real growth rate of 2.5%, lagging at the tax buoyancy front. With this statistic and the option of new tax slabs, it is necessary to estimate and observe the interaction effect of these variables. Will the government be able to meet its fiscal deficit target with a negative effect of tax buoyancy and elasticity?
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The only path forward is to build trust in the bureaucratic and administrative functions of the state. Following or setting up clear objectives like in the China and South Korea model can push infrastructural growth and development.
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