Economics

Mar
20
2023
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By @multidi_mag
Pension reform in France: face-off between the Government and the Opposition

Pension reform in France: face-off between the Government and the Opposition

Current Affairs, Economics, ,
Written by: Parshi Barua, Multidimension Desk Photo: shutterstock As planned in the program of President Macron during his second term, the pension reform project is presented on January 10, 2023. The government announced that the legal retirement age will be pushed to 64 years from 62 in order to be in balance with other European countries. For example, the standard retirement age in Germany is 65 years and 7 months. The main logic behind the reform is an aging population base with increased longevity which is surmounting pressure on pension funds which will dry up in future in absence of…
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Dec
12
2020
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Farmers Suicide in India – A Continuum of Neo-Liberal Policies : Part-2

Farmers Suicide in India – A Continuum of Neo-Liberal Policies : Part-2

Current Affairs, Economics, , , , , , , ,
Written by : Srijan Das Photo : shutterstock.com The central government had released model farming acts in 2017. The Standing Committee on Agriculture (2018-19), however, noted that a number of the reforms suggested in the model acts had not been implemented by the states. In particular, the Committee found that the laws that regulated Indian agricultural markets were not being implemented fairly and honestly or serving their purpose. Centralization was thought to be reducing competition and (accordingly) participation, with undue commissions, market fees, and monopoly of associations damaging the agricultural sector. A committee consisting of seven chief ministers was set…
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Sep
06
2020
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Farmers Suicide in India – A Continuum of Neo-Liberal Policies and Remedies : Part -1

Farmers Suicide in India – A Continuum of Neo-Liberal Policies and Remedies : Part -1

Current Affairs, Economics, , , , , , , ,
Written by : Srijan Das Photo : shutterstock.com While India's GDP contracts 23.9% in April-June quarter due to lockdown and linked to negative effects from some of the economic policies adopted in past years, the manufacturing sector recorded a drop of 39.3 percent from a growth of 3 percent last year and the mining sector shrank by 23.3 percent from a growth of 4.7 percent last year, whereas the agriculture sector stood out as a beacon of hope growing 3.4 percent in the first quarter of 2020-21 from 3 percent last year. Initiating a process of introspection With each passing…
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Jun
29
2020
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Independent India? : Time For Introspection

Independent India? : Time For Introspection

Economics, , , , , , , , ,
Written by : Pooja Sharma Photo credit : Shutterstock.com India had travelled a long way before we finally achieved independence. British had conquered India following the Battle of Plassey in 1757. The East India Company then ruled a more substantial part of India. The East India company invaded India and made it a colony with the aim of profit-making and exploitation. The approach adopted by the British to rule India was ruthless and unregulated. However, the British India company got dissolved in 1874. The power went from company to Crown. Even though the Crown was based on utilitarian principles, it…
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May
16
2020
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COVID-19 Pandemic: Need To Revisit Economic Reform In India

COVID-19 Pandemic: Need To Revisit Economic Reform In India

Current Affairs, Economics
Written by : Dr. Anjan Chakrabarti Co-authored by : Pooja Sharma Photo credit : Shutterstock.com The pandemic created by the outbreak of coronavirus or COVID-19 has shaken the world, which is unparalleled in the modern world. The US, Europe,got into a deep crisis that has threatened life and economy simultaneously and injected unprecedented uncertainty into the psyche of the capitalist economy. India also failed to remain insulated. However, the death toll remains much lower in comparison to the West. Unlike many countries, including Singapore and South Korea, India has opted for a nationwide lockdown, initially for 21 days, started at…
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Apr
18
2020
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COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

Economics, , ,
Written by : Dr. Anjan Chakrabarti Associate Professor, UGC Human Resource Development Centre The University of Burdwan, West Bengal, India Photo credit : Shutterstock.com According to the latest figures published by John Hopkins University, 2,256,844 people have been under the tentacles of Coronavirus or COVID-19 with 154,350 deaths, and 571,851 people have recovered. Nearly 70 per cent of all fatalities occurred in Europe. In the US, there have been 712,184 cases with 32,823 deaths. In comparison, India, the world’s most populous country with 136 crore population, has so far reported 14,792 cases and 488 deaths. Unlike many countries, including Singapore…
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Feb
02
2020
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CAA – NRC : Struggling Economy and the Unconstitutional Dream of Creating a Hindu Nation

CAA – NRC : Struggling Economy and the Unconstitutional Dream of Creating a Hindu Nation

Current Affairs, Economics, Popular, , , , , , ,
Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Photo Credit: shutterstock.com Let me make it clear, this time I want to be on the right side of history. Nowadays so many netizenswould argue that you cannot protest about this incident today since you did not protest about something that happened in 1450 BC, you cannot take the side of that group when you didn’t say anything while the other group was suffering. Yes, I get it, I was wrong. I chose to be silent about something that happed long before…
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Sep
12
2019
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Amazon Rainforest: Is it only the Fire that we should be concerned about?

Amazon Rainforest: Is it only the Fire that we should be concerned about?

Economics, , , , , , ,
Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Illustration: Suman Choudhury The Amazon River Basin, home to the largest rainforest on earthcovers roughly 40 percent of the South American continent. It encompasses areas in Brazil, Bolivia, Venezuela, Colombia, Ecuador, Peru, Guyana, Suriname, and French Guiana.Nearly two-thirds of amazon’s forest cover lies in Brazil. The Amazon rainforest has long been recognized as a warehouse of ecological services for the world. It is home to almost 10% of the world’s biodiversity and 30% of the world’s species. The rainforest is referred to…
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Feb
03
2019
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2019 World Economic Forum Annual Meeting: Tackling Climate Change

2019 World Economic Forum Annual Meeting: Tackling Climate Change

Current Affairs, Economics, Popular, , , , , , , ,
Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Photo Credit: shutterstock.com Around 3000 world leaders including 250 high ranking politicians from G20 countries and 1000 business leaders gathered in the Alpine town of Davos, Switzerland from January 22-25 for 2019 annual meeting of the World Economic Forum’s (WEF). Top leaders from different aspects of life including academics, politicians, civilians, business leaders engaged in global dialogues to shape global, industrial and regional agendas in the context of Fourth Industrial Revolution. Discussions ranged from challenges concerning income inequality to the future of…
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Dec
17
2018
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Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Economics
Written By: Maria Lazgin Ciercielli Paris, France Photo: Shutterstock Iceland Foods, a U.K. supermarket chain, released a controversial Christmas advertisement in the beginning of November 2018. The title, “Say Hello to Rang-tan”, reveals the heart of the content: the fatal effects of palm oil production on orangutans in South-east Asia. Formatted as a cartoon, the advertisement features the friendship of a young girl and a baby orangutan, and it reveals the truth about the destruction that comes from palm oil production. In response to the rising deaths of orangutans, as well as the deforestation and global climate change, Iceland Foods…
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