The Fall in the Share of the Households in the Capital Formation in India

Post pandemic, the share of the households in the capital formation in the Indian economy is falling. Household savings had increased increased significantly during the pandemic because of increased risk aversion of the citizens. The households post pandemic have used the savings and heavily borrowed to buy different classes of assets resulting in a fall in the household savings to 61% in financial year 2023 from 78% in financial year 2021. However, it should also be noted that the household financial liabilities in India had increased to 5.8% of the GDP which is highest since financial year 2012.

The fall in the share of the households in the capital formation is a cause of concern for any economy. For a developing economy like India with a share of more than 70% of the population below age of 25 years, it is even more worrisome. It would have a multifaceted impact on the overall well-being for the economy and the citizens.

The fall in the share of the households in the capital formation in Indian economy would lead to many problems like higher inequality in income as well as wealth, fall in consumption, slowdown in housing market, lower wealth accumulation and bad savings and financial health of the citizens in medium to long term which at present when inequality is at very high level in country.

सनातन धर्म व अन्य मजहब

आज जिसे देखो वही सनातन पर ज्ञान देने लगता है। इतना ही नहीं बाकी मजहबों से सनातन की तुलना करते हुए जाने कितने ही तर्क देता है। खैर जो तुलना करते हैं और सभी धर्मों, मजहबों व पंथों को एक जैसा और समान बताते हैं उनके लिए नीचे की पक्तियों में कुछ मजहबों व सनातन धर्म की शिक्षा वर्णित है

“जो ईसाई नहीं हैं वो वंचित हैं। गैर-ईसाई, चाहे वह व्यक्ति कितना भी नेक इंसान क्यों न हो, मृत्युपरांत नर्क का ही भागी होगा। नर्क से बचने के लिए उसके पास सिर्फ एक ही उपाय है और वह यह कि वह व्यक्ति ईसाई स्वीकार कर स्वर्ग का भागी बने।”

- बाइबिल

वे चुप क्यों हैं?

9 जून को जम्मू के रियासी में आतंकवादियों ने वैष्णोदेवी जा रही बस में बैठे तीर्थयात्रियों पर हमला कर 10 तीर्थयात्रियों की जघन्य हत्या और दर्जनों लोगों को घायल कर दिया। इन आतंकवादियों के मन में इन तीर्थयात्रियों के प्रति इतनी घृणा थी कि बस के खाई में गिर जाने के बाद भी उस पर देर तक गोलियाँ चलाते रहे ताकि यदि किसी के बचने की संभावना हो तो उसे भी समाप्त किया जा सके!

यह निश्चित रूप से प्रशासन, सेना और सरकार की असफलता है कि वे समय रहते इन घटनाओं को होने से रोक नहीं पाए। ये सरकारी तंत्र का उत्तरदायित्व है कि वो ऐसे हर संभावित हमले को रोके। इसके लिए सरकार से प्रश्न पूछा ही जाना चाहिए। अचानक जम्मू और कश्मीर में ऐसा कौन सा परिवर्तन हो गया है कि पिछले कुछ महीने से लगातार जम्मू-कश्मीर में चारों ओर हमले होने लगे हैं? क्या आतंकवादियों ने उस सुरक्षातंत्र को तोड़कर पुनः उसमें घुस गए हैं जिसे धारा 370 के बाद खड़ा किया गया था? या पिछले महीने में बढ़ी आतंकवादी घटनाएं कश्मीर संभाग में बढ़े मतदान प्रतिशत की प्रतिक्रिया में है? यदि ऐसा भी है तो भी सुरक्षातंत्र आतंकवादियों ने भेद लिया है क्योंकि ऐसे हमले अचानक नहीं हो सकते और वो भी पाकिस्तानी आतंकवादियों के द्वारा!

सरकार और सुरक्षा प्रतिष्ठानों को जो करना है वे करेंगे। किन्तु मुझे हैरानी हो रही प्रगतिशील लोगों की चुप्पियों को देखकर। कहीं कोई भी प्रगतिशील जम्मू के रियासी में मरे तीर्थयात्रियों के प्रति कोई संवेदना व्यक्त नहीं कर रहा है! ना ही कहीं कोई कैंडल लाइट मार्च हो रहा है! ना ही कहीं इन तीर्थयात्रियों के समर्थन में कहीं कोई धरना या प्रदर्शन ही हो रहा है!

गलत कौन? कंगना राणावत या कुलविन्दर कौर?

अभिनेत्री कंगना राणावत अभी सम्पन्न हुए 2024 के आम चुनाव में हिमाचल प्रदेश के मंडी से सांसद का चुनाव जीता है। पिछले दिनों कंगना राणावत जब चंडीगढ़ एयरपोर्ट से फ्लाइट पकड़ने के लिए चेक-इन कर रही थीं उसी समय चंडीगढ़ एयरपोर्ट पर पोस्टेड सीआईएसएफ की सुरक्षाकर्मी कुलविंदर कौर ने कंगना राणावत को थप्पड़ मार दिया। कुलविंदर कौर ने उस दुर्व्यवहार को सही बताते हुए इस कारण कंगना राणावत का किसान आन्दोलन में बैठे लोगों के प्रति किया नकारात्मक टिप्पणी से आहत होना बताया।

जबसे कुलविंदर कौर ने कंगना राणावत को थप्पड़ लगाया है वो सोशल मीडिया पर एक वर्ग द्वारा हीरो के रूप में प्रदर्शित की जा रही है; तो वहीं दूसरा वर्ग उसे गलत बता रहा है।

तो क्या कुलविंदर कौर सचमुच हीरो है?

या वह गलत है?

What is Open Credit Enablement Network (OCEN)?

The government of India launched the Open Credit Enablement Network (OCEN) last year. It is an initiative in India aimed at democratizing credit access and fostering innovation in the financial ecosystem. It is a kind of a virtual credit marketplace which brings distributors, lenders, and borrowers together in one location. Basically OCEN is a set of protocols that enables seamless interaction between the lenders, loan service providers and borrowers by creating a standardized framework for credit underwriting, disbursement, and management for small-ticket financing with brief tenures by enabling distant lenders to conduct business in remote areas and permitting access to data from other sources.

Judiciary Must be Reformed

Son of a rich and influential family, Vedant Agarwal has all rights to fly on the roads with his Porsche and if some stupid people comes in his ways and get killed, it is their fault, not Vedant's. For this crime, judges who granted him bail must register a case against to those who died in this accident! Basically the victim is the that juvenile whose right to fly on the road was interfered with. He should be compensated for this and the Milords must give a new historic order and may be establish a fund to compensate him so that none does this even in the future.

Sarcasm on one side but it can be said that the Judiciary in India is completely. The way Milords have granted bail to this so called juvenile Vedant Agarwal, 17 years son of a builder, loudly tells how sick the judiciary has turned! But no questions will be asked or no investigation against the judge will ordered by the Supreme Court of India!!

Peculiar Case of Inflation in India

Someone asked me why do most of the non-BJP ruled states have higher fuel prices than that of BJP ruled states? Don't they realize that it'll be the reason for high general prices?

First of all, I wanted to ignore this question due to its political reason but after a while I decided to respond knowing the fact that the answer to this question is very peculiar. If I try to remain politically correct, there would not be a factual and satisfying answer to this question. It is not possible at all to be politically correct and answer this question both at the same time!

As a matter of fact, most of the non-BJP ruled states are charging higher VAT on petroleum products than the BJP ruled states. As a result, the oil prices are higher in Non-BJP ruled states. But it is not that simple. It is more complex than it looks at face.

Pesticide Use in India and the World

The Food and Agriculture Organization (FAO) of the United Nations has published a report with a title of “Pesticides Use, Pesticides Trade and Pesticides Indicators; Global, Regional and Country trends, 1990–2020”. This report is providing some very important insight about the global agricultural practices. The information is to some extent very surprising and frightful.

The following graph represents the pesticides Kilogram /Hectare used in different countries in agricultural activities.

Relationship of India with the UAE

In geopolitics and foreign policy making, things are often very long term, move slowly and look very deceptive and sometimes illusive also. From outside they often seem to move in the north direction but actually they lead in the south direction or might be in the east or west. It can be anything.

From the way the world perceives India today, it is very clear that India is doing well in the foreign policy making and positioning and placing its bets and people.

Relationship of India with most of the nations across the globe is improving dramatically. This is also true in the case of the United Arab Emirates (UAE). The relationship of India with the UAE has never been so strong the way it looks today and it is becoming stronger day by day. None could have even thought of it 10-15 years back but Modi Government has done wonders in the last ten years to completely change it by serving and securing the economic interest of UAE.

One Visit can also have Positive Diplomatic Implications!

In the last couple of days, India has given very strong messages at least twice to the whole world and the neighbours in general and China in particular without saying a single word! The first message was given in the Arabian Sea in Lakshadweep by the Indian Prime Minister Narendra Modi and the second one was given in the Indian Ocean by the Indian Navy!

The present day government under President Mohamed Muizzu has come to power in Maldives by openly opposing and running ‘India Out’ during polls. But that was in the elections. However, since Mohamed Muizzu has come to power, Maldivian government has been tirelessly working on policies which are aimed at opposing in possible ways and giving as much possible space to China. Giving priority to China is an issue of foreign policy of Maldives but they were continuously insulting India in whatever possible ways and means.