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An Immense Stress To Reinvigorate (पुनर्जीवित) – The Floundering India

Shape-up or Ship-out situation for suppliers !!  The horrifying state of the covid-19 pandemic is going to frighten India by its staggering economy.  AREAS EFFECTS #Core industries.                                                          (Coal, Crude Oil, Natural Gas, Refinery products,Fertilizers, Steel, Cement & Electricity)   Shrank by 6.5% #Fuel revenue Rs 40000 crore losses #Job  27 million  losses  THE CONTRACTION  IN MONEY FLOW IN ECONOMY  DUE TO LOCKDOWN #India Is Facing Liquidity Crisis. Liquidity Crisis ” is a financial situation characterized by a lack of cash or easily convertible to cash assets across economy. #Low Inflation Rate. India’s retail inflation rate is on a decline slipping 170 basis points ( 1 bps = 0.01% )  to 5.91% in March due to low demand in the Indian economy. Retail inflation measures the average price change in a basket of  commodities and services over time. Why Low Inflation (deflation ) Is DANGEROUS ? Many of us think that low price of product is good indicator of economic growth but it is not 100% right. Suppose a shopkeeper purchased the product A @ Rs. 100 to sell it in Rs. 120.  Due to unavoidable reason deflation occurs and he has to sell it in Rs 80 i.e less than the cost. Now, the consumers are happy but what about suppliers, if this situation continues then supplier will even not be able to bear the fixed cost of their business and will collapse. In this situation, suppliers  borrow money from the commercial banks. It’s favorable to the supplier, if Interest percentage on this loan is low or moderate .  RBI’s some important decision after considering supplier’s worry.  Repo rate cuts – Previously …

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Reading In The Times Of Corona

“Man reading should be man intensely alive. The book should be a ball of light in one’s hand.” ~ Ezra Pound In these unfavorable conditions everyone has tried something they enjoyed the most in the time of social distancing. From cooking to painting, from cleaning to reading. I’m here to talk about reading specifically. Reading …

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The Great Jharkhandi Foods 😋

India is land of diversity, not only in terms of religion, language, culture but also in terms of different yet delicious food dishes. Similarly, if we go around Jharkhand searching for food dishes, we’ll find out that the food served here has a large influence from its neighbouring states like Bihar and West Bengal. But …

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MIGRANT’S HOMECOMING

1st of May every year is celebrated as Labour Day. In this plight (a dangerous, difficult, or otherwise unfortunate situation) of COVID 19 Jharkhand became the first state to start the train bringing migrant labours back to home, that reached Hatia (Jharkhand ) late night on 1st of May which started from Lingampally (Hyderabad). In …

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