Economic Challenger

                                              EDITORIAL OCTOBER  2022 ISSUE                              IMPOSE COST ON COUNTRIES AIDING TERROR India's message to the world on terrorism  is crystal clear. Be it any country - Pakistan, China, or Afghanistan.    Pakistan-based terror groups have been  involved in several terrorist attacks in India.  China continues to block India's efforts to designate Pakistan-based militants as terrorists at the United Nations. Afghanistan is in the grip of the government being run by terrorist groups. Money made from drugs and smuggling is being pumped into terrorism in destabilizing governments in other countries in the name of Islamic Jihad. "All terrorist attacks deserve equal outrage and action. There is no place for an ambiguous approach while dealing with the global threat. It is an attack on humanity, freedom, and civilization. It knows no boundaries. Only a uniform, unified and zero-tolerance approach can defeat terrorism," s

 GOVERNMENT LAUNCHES NEW NATIONAL LOGISTIC POLICY 2022 Prime Minister Modi, on his 72nd birthday , launched t he New National Logistics Policy(NLP) on 21st September 2022.  According to  Piyush Goyal , minister of commerce and industry, the National logistics policy 2022’s primary goal is to encourage the free flow of commodities and raise the competitiveness of the sector throughout the country. Process re-engineering, digitization, and multi-modal transportation will be some of the primary areas of emphasis.  The new policy has not come out of the blue but there are eight years of hard work behind it.  T o ensure quick last-mile delivery, end transport-related challenges, save time and money for the manufacturers, and prevent wastage of the agro-products, concerted efforts were made and one of the manifestations of those efforts is the new National Logistics  Policy.  AIMS OF THE POLICY 1. The primary areas of the National Logistics policy would be process re-engineering, digitizati

 JULY-SEPTEMBER 2022 ISSUE The Indian economy has cloaked 13.5% growth in Q1(Ap-Jun 2022) which is the fastest in a year. The fiscal deficit at 20.5% of the FY23 target is satisfactory. Our economy is the fifth biggest economy in the world in 2022-23 at  854.7 billion dollars leaving Britain in the sixth position. Although Moody's Investor Service has once again lowered India's calendar 2022 growth forecast to 7.7% from 8.8% due to rising interest rates, uneven monsoon, and slowing global growth. The economy is quite resilient and we expect it to lead the world in 2026-2030.  Economic Challenger has in its July-September issue covered various research topics highlighting different dimensions of the growing economy.

                                     ARTICLES INVITED FOR OCTOBER-DECEMBER 2022 ISSUE Articles are invited for October-December 2022, Volume 25, Issue 97.  Please choose your themes from  the following and submit them: 1. FED rate changes and fear of Global recession; Emerging economies including India will be adversely impacted. The US Federal Reserve Chairperson Jerome Powell speaking at the Jackson Hole symposium indicated his intent that the FED would raise rates as high as needed to restrict growth and keep down inflation running well above its 2% target. This has shaken most equity and bond markets around the world. 2. Moonlighting: can it be welcome in the IT sector? The IT sector has been facing unprecedented levels of attrition which is nearly 30% of the working staff. Moonlighting is a practice that. developed after the pandemic when employees were allowed to work from home. Here employees should be open to pursuing more than one job at a time. Most IT companies have efficien

 TWO STEPS TO FIGHT CLIMATE CHANGE India has taken two important steps on August 3, 2022, to display its willingness to fight climate change and fulfill its commitments made at COP 26 Glasgow UK held from 12 October to 12 November 2021. One is the  Introduction of the Energy Conservation Bill in the Lok Sabha (Lower Parliament) to amend the already existing Law and the other is Approving NEW Climate Targets and updating NDCs. THE ENERGY CONSERVATION AMENDMENT BILL,2022  The government of India introduced this amendment bill in the parliament with a provision for mandatory minimum use of non-fossil sources including 1)Green hydrogen and Green Ammonia  Biomass and Ethnol for energy and feedstock, 2) setting up carbon trading markets, 3) bringing large residential buildings under energy conservation ambit 4) enhancing the scope of Energy Conservation Building Code; 5) amending penalty provisions; 6) increasing members in the Governing Council of Bureau of Energy Efficiency, and 7) empower

  THE WTO MINISTERIAL MEET 2022: DEVELOPING COUNTRIES' VOICES UNHEARD The four-day Ministerial Conference started at WTO headquarters in GENEVA Switzerland on Sunday 12th June 2022.  This type of meeting is held every four-year to find some consensus among the various trading member countries.  Negotiators from 162 nations sought to have convergence  on a range of issues including WTO’s response to future pandemics and an IP waiver for vaccines, fisheries subsidies, WTO reforms, agriculture, food security, and e-commerce . India's Commerce and Industry Minister Piyush Goyal was the man in the spotlight at the WTO's 12th gathering of trade ministers (MC12). In order to have concessions on different issues, the meet was extended for one more day, that is, Thursday16th June. Everybody at the conference was hopeful that some positivity on issues will emerge at the end of the 5th extended day. FISHING SUBSIDIES & NON-SPECIFIC FUEL SUBSCIDIES: INDIA and many other countries