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, elec...

VICES  -by Arpit Sharma Now-a-days the lives of people have become very hectic; being in the office, busy with work till late night has sacrificed their social life. This has given the birth to New-age vices. Vices differ on the basis of time, gender, profession, and the preference of pleasure. Some vices are traditional in nature like alcoholism , smoking, gambling, consumption of drugs, etc. Some of the millenials common vices are having junk food, chocolates and ice candies etc.   Unknowingly, there is a direct relationship of the vices with business i.e. if the number of vices in a person increases, his consumption also increases which actually helps lots of businesses. Most of the businesses in this world are only based on our vices. For instance, the recent tagline of the Pepsi is “THAT’S WHAT I LIKE” which conveys that the company is encouraging customers unapologetically to do what they enjoy. Now doing what a person enjoys is a...

INVESTMENT AND DIVESTMENT By Arpit Sharma Unlike USA, Government in India owns and controls many sectors. Some of the companies owned by the Government are booking profits yet most of them are liability to government exchequer , moreover the profit makeing companies are also overstaffed and remains below potential compared to their private counterparts. In today’s scenario the government is sitting upon a huge growing pile of fiscal deficit and our GDP growth rate is also the lowest in the last 11 years. The government is in need of funds to invest in the priority sectors and also to reduce huge fiscal deficit. The government cannot increase the tax rate because if it does then it will make the condition of the corporates which are hardly surviving even worse. The Sudden demand of funds can only be met by smart divestment in some sectors in which the government is making losses and investing in the sectors which will help the government in boosting economic growth. A rec...

I DO WHAT I DO  By Arpit Sharma Craving for Dosas is a different thing but understanding the concepts of economics with the example of Dosas really quenches my thirst for knowledge and that's what Raghuram Rajan the former governor of RBI did with the help of his book named "I Do What I Do". This book takes us through the tenure of Raghuram Rajan as the governor of RBI from 2013 to 2016.The book is a collection of his speeches, lectures, and commentaries conveying what it was like to be the head of the central bank.  Indian economy was actually bleeding, rupee was falling, inflation was high and also the current account deficit was really huge and that was the time when Raghuram Rajan had to take charge as the governor and outline a term plan to stabilize the Indian economy. He started working on the three major problems which were unemployment, inflation and bad loans. He also worked upon the reckless lending and took drastic steps to control inflation. Had st...

The quest of writing a poem: By Arpit Sharma It's been ages since I wrote a poem I think I've killed the inner me eons back thought of giving it a birth like a golem It all began with a thought in my mind  Worlds are chosen with the spheres destined. it flowed out of me like the drops of lotions. It's a beautiful journey, swimming through thoughts like in the oceans. It is like Putting them on paper with the ink of emotions There were times when I used to write, not by a task but by my choice. Those were the times of greatest joys and the deepest sorrows but with rejoice. The time is gone when I used to love with my perfect imperfections like in a dove. I wish I could not have done that because a coward restrains that. Some say that it is a spontaneous flow of powerful emotions  Some say that it is a voyage of trials and error.  ya it might be! But what i believe in is all that matters that it is the truth. A poe...