View Articles

There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all protestations to the contrary, is the real objective behind it. The second feature, which is less discussed, is the outflow of finance from elsewhere in the world to the US that is contributing to a strengthening of the dollar vis-à-vis virtually all other currencies, with the sole and ironical exception of the Russian rouble. While all major currencies are weakening against the dollar, including the euro and the pound-sterling, what concerns us here in particular is the weakening of third world currencies, of which the rupee is a prime example.

After weeks of weaving through narrow roads and broad avenues, through how many states one had stopped counting, Congress leader and party rejuvenator Rahul Gandhi and his Bharat Jodo Yatra are in volatile territory; the peace of the southern vistas replaced by the cacophony of opposing narratives, sometimes quiet, oftentimes bold, and burning bright.

Chief Minister, Mamata Banerjee missed the wood for the trees when she expressed concern at the death of five persons from West Bengal in a Mizoram stone quarry collapse recently. The deaths of four persons from Nadia and one from North-24-Parganas are a pointer to the gulf between the showpiece business conclaves held in the state and the fruition of the projects announced amidst much fan fare.

Agitation of the central government and state government Employees are going on throughout the country against the no-guarantee National Pension System (NPS) implemented by the BJP-led NDA government during the year 2003. The central government and state government employees are grateful to the Communist Party of India for adopting a resolution against the NPS and demanding restoration of defined, guaranteed and non-contributory old pension scheme in the 24th Congress of the CPI held at Vijayawada from October14 to 18, 2022.

Ideology is the foundation on which political thoughts and actions have taken shape. At the core of every socio-political battle, it acts as the decisive factor. All the political parties represent certain ideological traits attributed to their class character. In the history of Congress, it was Nehru, who struggled hard to pave an ideological understanding for its political course. In a broad manner he was influenced by the ideals of democracy and secularism oriented to socialism.

Chandigarh: Teenager Avani Prashanth fired six under 66 in her second round to setup a commanding 10-shot lead, one of the largest 36-hole leads in the Hero Women’s Pro Golf Tour, at the Chandigarh Golf Club on Thursday.

Digboi (Assam): Yuvraj Sandhu carded a determined two under 70 and maintained his one-shot lead at the halfway stage of the IndianOil SERVO Masters 2 at the Digboi Golf Links on Thursday.

New Delhi: Lashu Yadav thrashed Poland’s Marta Czerwinska made 5-0 on her way into the women’s 70kg quarter-finals while three other Indian pugilists progressed to the next stage of the of the Youth Men’s and Women’s World Boxing Championships in La Nucia, Spain.

LUCKNOW: BJP is desperate to win Mainpuri Lok Sabha by-election to make significant dent in what is known as yadavland to demoralise Samajwadi Party before crucial 2024 Lok Sabha polls. It would be worth mentioning here the Mainpuri by-election is taking place on December 5 following demise of sitting MP and founder of Samajwadi Party Mulayam Singh Yadav.

Concerns are looming over the rising recession in USA and its ripple effects on India. Surging inflation in USA, leading to successive hikes in interest rates, crippled by Russia- Ukraine war with no end in sight, disruption in supply chain owing to USA-China trade conflict have led to jitters in India over its trade and investment relations with USA. USA is the largest trading partner of India as well as one of the top two or three foreign investors. Given these economic dimensions between the two countries, many that recession in USA is likely to have a major drag on Indian economy.