Honchogyan

The Rising trend of Inflation By Arpit Sharma We all have either heard about or been a part of the discussion which is going on in today's scenario related to the current economic slowdown. As we all know that our country is about to enter Recession and is sitting on pile of huge fiscal deficit. A lot of NBFCS are also making huge losses, GDP of India is the least in the last 11 years and now the latest problem of rising inflation has also knocked our door. Some of the country's senior citizens are dependent upon the interest on their fixed deposits as their source of income, which according to them, will fetch a satisfactory amount in the future. But they might have not taken inflation into consideration before depositing their money in a bank FD account. For instance in today's scenario the interest on fixed deposit in a bank is approximately 7" and taking into consideration today's inflation rate which is approximately 7359, the inflation will eat up t

Reforms  By Arpit Sharma Present scenario implies that India is going through an economic slowdown. Country’s GDP growth is the slowest in the last 11 years, there is a huge burden of NPA’s on the banks. India is sitting on a huge pile of Fiscal Deficit. Inflation is also high, and the trend is of smart investment and divestment. The reasons behind these problems are more or less same i.e. the structural changes which happened due to GST and demonetisation. Citizens need to understand that economic reforms take time to show its positive effects. If during 1991, our Finance Minister Dr. Manmohan Singh wouldn’t have introduced the policy of Liberalisation, Privatisation and Globalisation, wouldn’t have opened our economy for private sector to enter then our economy wouldn’t have survived and grown. In the same way GST is the need of the hour. GST in a way has brought federalism in the country. If we look at the major problems in our country like problem of roads, electric