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Will the flight from economic distress beats the fight against COVID-19 virus?

Will the flight from economic distress beats the fight against COVID-19 virus? The economy of India is going to face an output loss of $190 bn(according to Nilesh Shah, MD, Kotak Mahindra Asset Management Company) as the wheels of commerce have been ground to halt. The arithmetic of the GDP of India is about $3 trillion, if it remains shut down for a month with a 100% drop inactivity it will create an output loss of $250 bn but as it is likely to be shut for 47 days it will create an output loss of $190 bn assuming that it will open on May 17.  Albeit, there could be a beacon of hope as the oil price has seen a significant reduction due to less demand in the world, it will provide $40-45 bn of benefit in terms of trade deficit this year. Another way to decrease this is to replace China-made goods with India made products, it will create $20 bn benefit in trade deficit. But still willy-nilly it will create $100 billion or thereabouts of output loss which is a signifi...
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Jeff Bezos may become the world’s first trillionaire by 2026

In the recent study conducted, by Comparisun, of 25 individuals company analysed, only eleven have the chance to become a trillionaire during their lifetime. According to the study, Jeff Bezos is most likely to become the first trillionaire by 2026  when he will be aged 62. Despite losing an estimated $38 billion in divorce and even more in the pandemic, Jeff is still the richest persons and his net worth growing at a rate of 34% on average to past five years. With a current net worth of 142.8 billion and if the arithmetic goes right he would easily become a trillionaire($1000 billion) by 2026. There are many other names to this list, India richest Mukesh Ambani could become a trillionaire by 2033 at age 75. Facebook founder Mark Zuckerberg could gain this title after 2036 with his current growth rate. Alibaba’s Jack Ma could become a trillionaire in 2030 when he will be aged 65. For the study, Comparisun analysed the market capitalisation of the highest value com...
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One Nation One Election

Elections are the most important part of any democratic country. Different countries have different methods to elect their representatives to form the government. Unlike the US where Presidential elections are conducted, India has national elections for the formation of a new Parliament (to elect new members of Parliament) to form a new govt at the center headed by the PM with his council of ministers. Similarly, election for formation of new State Legislative Assembly( by electing new members of legislative assembly)to form new govt headed by CM with his council of ministers. But, curiously enough, the above two sets of elections are seldom conducted simultaneously with the result our country happens to witness mini elections round the year causing immense financial strain on exchequer besides causing unwanted and avoidable shifting of manpower from productive deployment to manage these mini elections.  So, with the changing demography the countries have their own modus operandi...
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