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Are you Underemployed?

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We all know what is unemployment, let’s talk about underemployment today. Underemployment is a measure of employment and labour utilization in an economy, in simple words it is lack of paid work or work that makes full use of skills and abilities. For example, an engineer working as a grocery delivery boy to meet his financial needs is underemployed as he may be able to earn a plausible amount but he is not able to utilize and improve his skills. Underemployment is of two types. First, visible underemployment in which an individual works fewer hours than is necessary for full time job, the other one is invisible underemployment in which an adroit person is not earning as much as he should. India has enormous population of dexterous individuals but the problems are lack of opportunities and absolute guidance, India is a developing nation and youth of India is doing wonders at the international platform, but then too why are we not improving significantly in Human Development Index ?...
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Cryptocurrency

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Cryptocurrency is a form of payment that can be exchanged online for goods and services. It works on Blockchain technology, which is a decentralized technology spread across many computers that manages and records transactions with the help of cryptography. Bitcoin, Ethereum and Dogecoin are some of the examples of cryptocurrency while WazirX is the largest cryptocurrency exchange in India.   The main purpose of the cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holder’s hand. In India, it is currently booming, the market has been thriving and retail investors are adding fire with their zeal. As we know we are transforming into Digital India and cryptocurrency will definitely play a significant role in it, RBI is looking forward to develop its own digital currency and is working on it both technology side and procedural side as mentioned by governor Dr. Shaktikanta Das.   With the advantages suc...
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The Central Vista Project

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The Central Vista project that has been targeted to be completed before the Lok Sabha elections 2024 seems like a heartless and artless decision of the central government. The project includes the construction of a new Parliament building, new residences for the PM and the Vice President of the nation whereas the IGNCA and National Archives Annexe will be demolished and there doesn't seem to be a plan on how their collections will be conserved. It can be a challenging task in ordinary times as well. A new Parliament building is indeed required but it is less about the need and more about grandeur, the government has even banned photography of the construction as well. Last week 76 scholars put a spotlight on it and said it is a matter of planning and expertise but the government is only looking for a show-off. The government will lose nothing if they suspend the project amid a pandemic and take the opposition and public into confidence on the future course in calmer times.
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RBI Lends Hand to Fight Against the Economic Crisis

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The RBI has swung into action last Wednesday to fight against the whirlwind caused by the 2nd wave of Covid-19. The Central Bank came up to lend Rs 50,000 crore with tenure up to 3 years at the repo rate of 4% which will help the healthcare sector in which the major beneficiaries will be pharmaceutical manufacturers, diagnostic sector, and vaccine makers, the diagnostic chain can use this opportunity to lessen the crisis in Tier-2  cities. The aftermath of the governor Mr. Shaktikanta Das boosted up the share market as well, Sensex and Niffty closed with an increase of 424 and 121 points respectively. He also mentioned that RBI will conduct an SLTRO of Rs 10,000 crore with SFBs at repo rate, which will help individuals, small business, and MSME's as they will be eligible for restructuring which will be open up to 30 September and must be implemented within 90 days, also the SFB's will now be able to provide loan to MFI's under the asset size of Rs 500 crore. 
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Union Budget 2021

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Hello readers! In this blog I will be sharing my views on Union Budget 2021, go ahead and do share your reviews.  Before starting I would like to describe what is Union Budget ? Union Budget of India also referred to as the Annual Financial Statement in article 112 of the constitution of India is the annual budget that the government of India presents on the first day of February to provide the estimated receipts and expenditures for the financial year.  This was the first time when a Union Budget was presented digitally via a tablet .  The government announced a 2.2 lac crore fund for the health sector although a huge capital will be spent on the Covid-19 vaccine, so this doesn't seem to be included in every year's budget. I liked the idea of bringing in a new scheme called PLI( Production Linked Incentive) which insinuates that there will be more startups and some more relaxation in tax when the products are exported and the best thing about the scheme is that the compa...
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