Gold Chain

As the new year 2024 is dawning we do expect a better world,  along with uncertainties that may crop up at the local, regional,national or  international levels.In a sense global uncertainties are far more severe compared to domestic problems. Already global economy has been in a series of shocks exposing it further to fragility and increasing fragmentation.Global economies continues to recover despite Russian invasion of Ukraine and the conflict between Israel and Hamas.The disruptions in food and energy markets have impacted both inflation and energy markets.There was unprecedented tightening of global monetary conditions to combat high inflation in many countries. However economic growth remained slow and uneven with divergencies. IMF's global growth forecast showed a decline from 3.5% in 2022 to 3.0% in 2023 and  2.9 % 2024.Slowdown in advanced economies further pronounced from 2.6% in 2022 to1.5% in 2023 and 1.4% in 2024.Evidences suggests that while inflation has re...

 As per recently released World Bank report entitled"Migration and Development Brief"- India continues to maintain her stellar performance among the top remittance recieving countries  of  the world with the highest remittances inflows estimated to be US $ 125 billion for India in 2023.Total remittances estimated for Low and Middle Income countries (LMICs) grew by an estimated 3.8% in 2023 aggregating US $ 669 billion with Mexico occupying the second position with $ 67 billion, followed by China with $50 billion, Phillipines $40 billion and Egypt $ 24 billion.. On the  contrary remittances estimated for 2022 showed that total remittances  amounted to US  $ 647 billion indicating annual growth of 8%.In the year 2022 India accounted for $111 billion followed by Mexico $ 61 billion, China $51 billion Philippines $38 billion and Pakistan $ 30 billion. As  2022  estimate indicated the 5th position of  Pakistan among the major remittances recipient...

 As a follow up of the United Nations Conference on Environment and Development  held in 1992 the United Nations Framework Convention on Climate Change became a regular feature commencing from 1994 popularly known as Conference of Parties(COP).The 28th COP has just concluded in Dubai,UAE. The Dubai COP 2023 has undertaken major Global Stock Taking exercise to evaluate measures taken to meet the objectives of reduction in emissions, adoption of green technologies,green energy and provision of concessional climate finance particularly loss and Damage (L and D)Fund for the severely impacted victim countries of climate change.Infact GST is designed largely to keep individual countries accountable and encourage them to increase their climate ambitions over time. In the 1915 Paris Agreement, countries were committed to keep global temperatures not to  rise beyond 2•C by the end of present century and as far as possible maintain it at below 1.5 *C. During the nearly three decade...