Economic Challenger

 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