2.3 % Grew in China’s Economy

  China’s economy recovered to pre-pandemic growth rates in the fourth quarter, propelling it to a stronger than expected full-year expansion of 2.3% and making it the only major one to avoid contraction.  Gross domestic product climbed 6.5% in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday.   Covid-19, which has ravaged the world economy, first emerged in central China in late 2019. But the world's second-largest economy also became the first to bounce back after imposing strict lockdowns and virus control measures. It is expected to be the only major world economy clocking positive 2020 growth. In the last three months of 2020, China's economic rebound continued with a better-than-expected 6.5 percent growth on-year, a sustained improvement since the second quarter. This brings it back to a pre-pandemic trajectory, although full-year 2020 growth is still its worst performance since 1976, when the ec

The Fall of the Indian Farming Industry

Three Bills on agriculture reforms were introduced in Parliament on Tuesday to replace the ordinances issued during lockdown. Opposition parties and farmer groups are opposing the move to enact amendments to the Essentials Commodities Act, new Laws to bypass the start APMA Act and to facilitate contract farming. Introducing The Farmers Produce Trade and Commerce (Promotions and Facilities) Bill, and The Farmers Empowerment and Protection Agreement on Price Assurance and Farm Services Bill, Agriculture Minister Narendra Singh Tomar said “The New Law would benefit farmer by empowering them to decide the price of their produce, which was earlier determined by the traders. It would encourage private investment and technology introduction in the Sector". Congress MPs Adhir Ranjan Chowdhury and Gaurav Gogoi opposed the Bills, accusing the Centre of grabbing the rights of farmers and handing it over to corporates, adding that the States were not consulted. “It is beyond the legislati

The downfall of Indian Economy

The Indian economy is in a turmoil right now with the GDP declining at behemoth rates, unemployment rates surging and no hope for a turnaround in near future. The people in power blame it on the ongoing pandemic and how due to the lockdown every industry is shut and they have no fault in the occurrence of this. However, this trend of declining growth rates and increase of unemployment rates has been prevailing since last year and experts had already predicted such an outcome before the pandemic as there was a lack of concrete provisions which would really help the secondary and tertiary sector in the last few budgets. It has been seen that quarter after quarter, the GDP growth had been decreasing from 8% in 2016 to 4% in 2020, which is blatantly low for a developing country like India with such a humongous youth population and prospects for growth. This blog will further explicate on this issue. Rightnow economy is in a downward spiral. The Economist Intelligence Unit (London) just low

Is Facebook favoring the ruling party in India?

Facebook has found itself at the centre of attraction in India following a report published in Wall Street Journal claiming that Facebook ignored applying its hate speech rules to a BJP leader's post in India. This report has raised questions over the strong connections between the ruling party (BJP) and Facebook, putting into the role of a top executive of the social media platform, Ankhi Das. The report published in Wall Street Journal claimed that Ankhi Das, Facebook’s public policy director for India, South and Central Asia, told employees that the initiating punitive actions against BJP leader's indulging in hate propaganda. Now this report has erupted a political fight between Congress and the BJP on the issue with the opposition demanding a free and fair probe into Facebook’s operations in India. The Congress is using the issue to set the stage for the Parliament's monsoon session which is likely to be called in September. The BJP and the government have, howev

One year of Article 370

On the first anniversary of the reading down of Article 370 , the kashmir valley continues to be subjected to various restrictions and proper Internet services are still barred. Many political leaders are being under detention or house arrest. Last year on 5 August the government of India revoked the special status, or limited autonomy, granted under Article 370 of Indian Constitution to Jammu and Kashmir. This revoke led to breaking up of Jammu and Kashmir into directly administered by the government of India : one that combines Hindu- majority Jammu and Muslim- majority kashmir, and Buddhist - majority Ladakh.    One year- where do things stand?  At the time of revoking, it was stated that that reading down Article 370 would guide development and several industries would set up shop in kashmir but, this has proved to be a futile hope. The covid pandemic has made any nation wide reforms difficult to implement but even before the nation wide shutdown in March, there had be

Criminalization of Politics in India

In Indian Politics, there are many challenges such as - Communalism, Regionalism, Casteism but criminalization is one of the biggest problems which has made a far-reaching impact on governance and society as a whole. The term Criminalization of Politics means that the criminals enter into politics and contest elections and even get elected to the Parliament and State Legislatures. This takes place primarily, due to the connection between the Criminals and some Politicians. The trend of inducting Criminals into Politics began in the eighties when the two mafia dons of Eastern Uttar Pradesh- Hari Shankar Tiwari and Virendra Pratap Shukla contested and won the election. Thereafter, all parties started fielding criminals who did not depend on party organisations to contest elections and ample muscle power of their own. Today the line has blurred- one does not know if a politician is into crime or a criminal is into politics.  Some Key Facts- 1.   43% of MP in Lok Sabha have declared cri

Hong Kong Protests: The Whole Story

Hong Kong is significantly different than other Chinese cities as can be seen by looking through its history. Hong Kong was a British colony for over 150 years- the Hong Kong island (part of Hong Kong) was ceded by the British through a war in 1842, then the Chinese authorities leased the other part of it for 99 years to the British. In the 1950s it became an important commercial hub enjoying a busy port, this was the time when its economy was rocketing. It also attracted population from Mainland China who were trying to escape the poverty existing in the regions. In the early 1980s when the deadline of the lease was approaching the Chinese authorities and Hong Kong authorities began discussing the future of Hong Kong with the Chinese communist party appealing for Hong Kong to merge with China. In 1984, discussions were held and a treaty was signed between china and Hong Kong under which Hong Kong will become a part of China from 1994 but it will enjoy “greater autonomy, except in defe

Coronavirus Vaccines

It's been more than six months since researchers in China said they had founded a novel corona-virus spreading in the city of Wuhan. Expectation and want for a vaccine to end the global pandemic is growing with each passing week. Our bodies haven’t previously been exposed to the coronavirus, our immune system isn't well equipped to deal with being infected by it. A vaccine would allow the body to safely develop an immune response to COVID-19 that could prevent or control infection.   But it takes time to develop safe and effective vaccines – usually five to ten years on average. Despite promising reports about potential coronavirus vaccines being developed worldwide, it could still take an estimated 12-18 months to develop one. The first vaccine to enter human trials for Covid-19 was developed by the US firm Moderna Therapeutics. About 35 other companies and organisations are also trying to make vaccines for Covid-19. Most are in “pre-clinical testing”, including one being dev

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