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Bhagat Singh : True Face of FEARLESSNESS

Bhagat Singh was a prominent freedom fighter of India. The courage with which Bhagat Singh fought the mighty British government for the independence of the country is a great role model for the youth of today. He also refused to run away by throwing a bomb in the Central Parliament (Central Assembly). As a result of which he was hanged on 23 March 1931 along with his two other companions, Rajguru and Sukhdev. The whole country remembered his sacrifice very seriously. First the Saunders-Slaughter in Lahore and then the Explosion of the Central Assembly in Delhi with Chandrashekhar Azad and other members of the Party gave rise to an open rebellion against the British Empire. Bhagat Singh was interested in anarchist and Marxist ideology. Early Life: Bhagat Singh was born on 27 September 1907. His father's name was Sardar Kishan Singh and mother's name was Vidyavati Kaur. It was a Sikh family. The Jallianwala Bagh massacre that took place in Amritsar on April 13, 1919 had a profoun

COVID'S IMPACT ON ECONOMY

 

IMPACT OF COVID-19 IN INDIAN ECONOMY

COVID’s IMPACT

The outbreak of COVID-19 became a challenge for the Indian economy due to the potential drop in GDP. However, the second wave was much more severe when compared to the first which made a downside risk to the economic activity due to National level lockdown.  Several segments like manufacturing, small scale, Information technology, small unions are lost in the pandemic. The supply chain management with the global economy along with the procurement was drastically affected.

The immensity of the impact is directly proportional to the health crisis and duration of the lockdown. In this the analysis had been done on the affected segments and the Government concentrations of lockdown to increase the capital expenditure and to implement the structured reforms as well.

CHANGES

There are several sectors which are impacted by the COVID-19 and the chances of their revival are not in the near future. Their profitability is continuously decreasing and fixed cost is intact. Like media and entertainment industry; all multiplexes are closed and people do not want to visit the multiplexes in the near future. Many organizations have taken loans from commercial banks and other financial institutions. They have to pay interest on the loan despite of poor financial position.

Increase in the income provisions for the supportive measures of the rural and urban population The productive way is to increase recovery rate by emergency approval of the foreign vaccines when the demand for the vaccines increases in India. The Government and the RBI need to keep interest rate low despite borrowing on policy basis. The Success of the borrowing program depends on RBI support, by providing indirect liquidity which is really big as this is pandemic. However, liquidity expansions have their own limits.

FORECOMING CHALLENGES

The sectors like construction, trade and transport, hotel, mining, quarrying sectors and some other services are having a strong base effect on the challenging recovery part. These kind of hard situation are monitored clearly and the demand for those kind of sectors are faltering due to the crisis which would become more aggressive and would be the most unavoidable once for the upcoming years. The country’s long term goal is affected badly and the performance needed to withhold by hard efforts for the further improved output.

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