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Showing posts from December, 2020

Economic capsule- 3

 Human Development Index and India Human Development Index (HDI) originally developed by Pakistani economist Mahabub ul Haq and utilised by United Nations Development Program (UNDP) in it's Human Development Report is widely accepted as a better measure of development.So far thirty reports (H D R) have been released.    HDI is a composite index comprising of education, life expectancy and percapita income.As per 2019 data while Norway ranked first in HDI rank with 0.957 HDI value, India with HDI value of 0.645 was placed at the 131 rank Out of 189 countries.HDI position was estimated based on percapita income of $6681,12.2 years of expected schooling,6.5 years of mean schooling and average life expectancy of 69.7 years.Though India had marginally improved HDI from 0.642 in 2018 to 0.645 in 2019, country's average life  of 69.7 is substantially lower than even that of Bangladesh 72.6 and Bhutan 71.8 years.While Bhutan with 129 th rank followed by India 131, Bangladesh...

Reproductive Rights

 Sreedevi was born as the second child of Achuthan and Uma couple in a lower middle class Nambiar family in a village near Payanur.Her father had got 20 cents of coconut plantation.He was also working on partime basis in a chit fund.As usual Sreedevi and her brother Sreelesh got good school education.Sreelesh after 10th standard became disinterested in studies and failed in plus two.His father without wasting time mobilised money and through their neighbour arranged a visa to Qatar where Sreelesh acquired a sales man's job sreedevi after plus two opted for BA Economics program in an Arts and Science college.She was cheerfully undergoing the Under Graduate program.During the second semester one day early morning her father developed discomfort in the chest and they took him to nearby doctor but he was referred to the Medical College hospital.After diagnosing severe block they advised angioplasty and it was done.   After angioplasty was done Achuthan's confidence level had gone ...

Economic capsule-2

 V shaped recovery? As per Govt of India's observation economy is firmly on the path of V shaped recovery after the collapse in the first quarter, improvement in the second quarter and further improvement is expected in the third quarter of 2020-21.A V shaped recovery is characterised by quick and sustained revival in economic performance.The high frequency indicators mentioned by the Government included manufacturing pricing manager's index PMI eight core industries e-way bills, khariff crop, power consumption, railway freight Cargo traffic, and passenger vehicles sales.N S O figures showed that gross fixed capital formation increased in q2 by 60% . While exports and private final consumption expenditure showed increase unfortunately govt final consumption expenditure declined by 25% .           Decline in public expenditure will severely affect growth.When 1% of Indians own 39% of wealth and where we have 4593 people whose networth is more than$50 million...

Shattered Dreams-2

 After the sad demise of Anu a disheartened Dr.Sundaram decided to return back to India.He managed to get placement in a medical College hospital at Kochi.During his tenure in Baharin he was able to amass enormous wealth and investments include land, buildings, shares,FDs and jewellery.Anju was studying in the 8th standard.Both the parents were taking special care of Anju and Anju had been assuring and reiterating them that she will never do anything foolish like her sister.She was good at her studies and scored very good grades in Science subjects.Accordingly for plus two she took second group. For medical entrance her score was not very high.Without loosing an academic year her father paid capitation fee and secured admission for MBBS in the same Medical College where Dr.Sundaram. was working.She enjoyed her college and studies.Since father had been working there and his own professor was senior most faculty in medical College ,her marvelous behaviour and sweet voice made Anju da...