Gold Chain

 Pre budget Economic Survey while  appreciating  GDP  growth trends stressed the need to address problems of inequality and unemployment as policy priority.As stated by the Finance Minister with an expected budget expenditure of ₹ 48.21 lakh crores it  mainly focused on four segments namely Garib (poor),Yuva (youth),Annadata (farmers),and Mahila (women) and added that next five years will be years of unprecedented development and golden moments to realise dream of developed India by 2047.The stated Budget theme comprised of  four namely Employment, Skilling .MSMEs and  Middle Class.iThe nine Key  priorities identified to achieve Viksit Bharat  include productivity and resilience in agriculture, employment and Skilling, inclusive human resource development and services infrastructure, manufacturing and services,urban development,energy security,innovation R&D etc. ♧ For achieving productivity and resilience in agriculture comprehensive rev...

 United Nations started celebrating July 11th as the "Population Day"  since 1990 after the concept of "World Population Day "was mooted  by the world renowned Indian demographer Dr.K.C.Zacharia .The population estimate and revision currently made by United Nations not only cover 150 years time horizon but also estimates for the period 1950-2024 and projections from 2024 to 2101 for each of the 237 countries or areas for which population estimates or projections are calculated. The estimates basically depend on fertility, mortality and net international migration from 1950 through 2023. Data sources  comprise of  empirical data from civil registration and vital statistics, censuses,demographic surveys, administrative records etc. Along with description of methodology  employed the UN report contains approaches and assumptions utilised to project fertility, mortality and net international migration. As per the 2024 report world's population is expected ...

 Union Finance Minister is to present full fledged Budget 2024-25 on 23rd July 2024 with specific objectives of generating employment, infrastructure development, reviving exports, accelerating GDP growth, Higher investment in health and education,boosting housing sector and real estate development.containing fiscal deficit and achieving fiscal consolidation,  price and financial stability etc.EventhoughBudget is only a financial statement of anticipated income and expenditure of the Government comprising of public revenue, public expenditure, public debt and the financial administration but if effectively and efficiently utilised it can achieve desirable economic, political and social goals. Hence allocations and roles assigned to each sector assumes significance. Given the prevailing geopolitical situation country will have to rely largely on domestic growth drivers to meet our economic challenges. Indian economy is expected to grow its GDP around 7% in the current fiscal ye...

 United Nations Monetary and Financial Conference held at Bretton Woods, New Hampshire in July with 44 countries established both IMF and International Bank for Reconstruction and Development (Popularly known as World Bank).Even though both J.M.Keynes and Harry D White proposals were discussed in the conference instead of veteran economist Keynesian more constructive proposal due to  US vested interest White's proposals largely prevailed in shaping the IMF. The IMF was established to promote international  economic,monetary and financial cooperation among its members,to facilitate the expansion and balanced growth of world trade,promote exchange rate stability, ;to assist the establishment of a multilateral payment system and  to provide adequate safeguards to debt distressed economies .IMF should be instrumental towards such policies that support fair international trade and exchange of  goods and services and capital movements. For smooth  movements of gl...