Catastrophic Consequences of the Conflict

The ongoing Russia-Ukraine conflict has had a long history and with threat perceptions on both sides. However, the conflicts and wars benefit only a few, and that too in the short term. The world must work together to end this crisis at the earliest. Or else, its cascading effect might push the whole world into an abyss from where the recovery would become extremely difficult. The underdeveloped and the developing world are likely to be the worst affected and they all must come together to pitch for peace.

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Fee Fixation for Technical Higher Education

Prescribing a precise amount of fees may well be construed as if the council is exceeding its mandate of prescribing the norms and guidelines for charging tuition and other fees. Pricing regulation assumes particular significance in the context of the higher educational institutions, which are, as yet expected to operate as not-for-profit entities. They are prohibited from profiteering or indulging in crass commercialization. Nonetheless, unable to fill their sanctioned intake, many institutions do not invest in labs, physical facilities, infrastructure, and human resources and, thus, find themselves trapped in the vicious cycle of mediocrity. Fixing a mandatory minimum level of fees would favour such institutions but cannot be said just for the students.

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The Indian Economy: Stop the Slide…Before It Slips

The current crisis in Sri Lanka must make us sit back and realize our own vulnerabilities. Slowing growth rate, rising borrowings, increasing magnitude of withdrawal by the institutional investors and widening gap between export and import must make India cautious. The economy must be beyond electoral politics. We must leave everything aside and work with focused attention to protecting and safeguarding our economy. The rest can wait, but not the economy!

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Alternative to SWIFT: Russia-Ukraine War Highlights the Urgency

The financial warfare against Russia, inter alia, has cut off Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) thereby blocking Russia from rapid money transfers internationally. Even though SWIFT accounts for no more than 1 percent of the transactions involving Russian entities and payments, the ban may potentially disrupt its trade in energy and agricultural produce as well as Foreign Direct Investment (FDI) and Foreign Institutional Investors (FII). In totality, the sanctions against Russia may shrink its economy by 5 percent. The current crisis has made many countries of the world think of developing alternative payment systems and capabilities. This would be a challenging task as the alternative to SWIFT would work only when a larger number of countries become willing to cooperate and agree to become a part of the alternative network.

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Russia-Ukraine Conflict: Impact on Global Flow of Funds

The Russia-Ukraine conflict can intensify the already shaken economic conditions created by COVID-19 as inflationary pressures might have an effect on many countries. Investors in Central and Eastern Europe are cautious with their investments. As per an IMF report, the sanctions imposed against Russia will impact the global economy. It clearly seems to have already affected FDI and portfolio investment in many countries, including India. For the sixth month in a row, foreign portfolio investors (FPIs) were net sellers in February, selling shares worth $4.9 billion. It was also the most shares sold by FPIs since the epidemic began in March 2020, when they sold $8.3 billion worth of stock. The Union Finance Minister of India had stated that the Russia-Ukraine conflict and surge in crude oil prices pose risk to the financial stability of the country.

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Economic Implications of Russia-Ukraine Crisis

The world has been thrown into yet another catastrophe caused by the Russian attack on Ukraine and the retaliatory sanctions imposed on Russia by the major economies of the world. It is now time to see how would these twin crises of the pandemic and the ongoing conflict affect the geopolitics and world economy. Russia accounts for nearly a quarter of the global gas market and has been a major supplier of crude, platinum. Russia and Ukraine are also the top suppliers of neon gas, essential for making semiconductor chips, an essential component of every electronic item. Even though the direct effect of sanctions on major economies might appear minuscule as they may have relatively smaller and limited trade with Russia, they too would suffer significantly on account of indirect, collateral, and tangential repercussions.

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Bracing for the Changing Geopolitics: Ukraine Crisis and Energy Security in India

As Russian troops reach Kyiv, the capital of Ukraine, the Brent crude prices have already touched $110 a barrel, a level that was breached 8 years ago in 2014. The moot question, therefore, is, whether or not India was ready to anticipate and handle the consequences arising out of such a crisis with minimal disruptions. Taxes on petroleum, today, may be a major source of revenue but is also vulnerable to volatility impelling upon the need to look for an alternative but stable source of revenue to the government.

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A Tax-Free Economy to Tackle the Menace of Black Money?

Recently, Rajya Sabha MP and economist Dr. Subramanian Swamy made a bold suggestion that Income Tax be abolished to boost the economy and that the revenue loss to the public exchequer could be easily recovered through other sources. Although a good number of economists may agree that taxation is the major culprit for creating black money, they are likely to shun the idea of abolishing taxes to tackle the menace of black money, due to their orientation and training in public finance which sees taxes inevitable. Yet, a few economists should at least explore this as a possibility by factoring in all the enormities and complexities that the idea entails.

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The Great Indian Economy: Ravaged by COVID-19, Ruined by Petroleum Prices and Policies:

The economy has suffered immensely due to the price rise in essential oil and fuel. The economic slowdown put the economy under downward pressure leading to cutting down on the consumption of essential commodities. The policy needs to be more resilient to curb the ravages of unprecedented events. Let us see how the fluctuating petroleum prices are impacting the economy.

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Inflationary Trends in Indian Petrol, Diesel, LPG Prices: An Analysis

The prices of petrol, diesel and LPG have caused a major disruption in the mobility of the Indian masses. The constant price hike has triggered an inflationary trend that gradually forces communities to take a leap back from the consumption of energy fuels and makes it obligatory to analyse the inflationary petroleum prices in India.

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Zomato Goes Public, Paytm in the Queue. Yet, 90% Indian Startups Fail within 5 Years. Why?

The recent IPO of Zomato is just one case in the larger canvass of the Indian startups going public. Another Indian startup, Paytm, is eyeing the largest Indian IPO of Rs. 16,600 crore. However, India’s startup ecosystem is lagging behind in terms of the conversion rate of startups into unicorns. Here, we analyse the internal and external factors that play role in the survival of start-ups in India, the various government policies in place for providing them with a supportive environment, the reasons for the failure of Indian startups and required measures to ensure their viability in the long run.

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Indian Startup Ecosystem Third Largest, Behind China & US: A Comparison of Three Growth Engines

The global race to become the most developed nation starts from the roots: the start-ups. India, China and the US are in the middle of intense competition to become production leaders with the former two growing at unprecedented rates. This article throws light on the policies implemented by these nations to achieve this growth and how they differ amongst them. It also looks at the upcoming markets which are expected to see an inflow of a great number of start-ups in the future.

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Understanding Indian Startup Ecosystem

This article closely analyses the Indian start-up ecosystem and how these start-ups are distributed throughout the states of the country. It further observes which sectors see the most rush of new start-ups and what are the reasons why start-ups prefer some states over others. Lastly, it throws light on the sources of investments these start-ups receive and how this picture is also changing amidst an increase in tensions with neighbouring China.

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Implications of Migration from Rural Areas

With the improving education qualifications in the young population, they tend to move towards urban centres for more valuable occupations. This leaves behind unskilled labour in rural areas having limited knowledge of new technologies. With increasing amenities in urban areas escalating the industrial sector, the pressure is building upon rural areas. Migrants are enticed to leave the villages to fulfil the needs of urban people and industries.

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Rebooting Infrastructure: National Infrastructure Pipeline Dashboard

Rebooting Infrastructure by NIP Dashboard holds promises as in monetizing infrastructural assets, public trust plays a crucial role. The dashboard shall also let the people of the country know how many projects are being implemented. Such a social audit mechanism increases efficiency & promotes a culture of accountability in the functioning of the government.

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GST and Governance in India

To implement GST effectively, we need coordination between bureaucrats and the politicians in power. We need to understand Chakravyuha Challenges of the Indian Economy ‘ making great strides in removing entry barriers for firms, talent, and technology but showing less vigour to remove the exit barriers’. We have to be alert, aware, and awake of the ‘Cobra Effect’ which occurs when an attempted solution to a problem makes the problem worse.

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