Thoughts & Facts

Ref: Centre for Monitoring Indian Economy Pvt. Ltd. (CMIE)  On the eve of 24th March 2020, Prime Minister Narendra Modi announced a nationwide lockdown for 21 days to tackle the ongoing COVID-19 pandemic. The very next day our country saw a very eerie atmosphere with all the non-essential services stopped the country came to a standstill and in the coming weeks saw a huge rise in people losing jobs. This situation hit hard on the common man but not more than what our migrant laborers faced, with their work stopped most of them lost their jobs and then began their worst nightmare. Before we discuss this any further let us understand more about the current labor workforce in our country. According to the World Bank as of March 2020, the current labor force is at 494 million and most of them don't hold a regular job that comes with a written contract or regular payments into their bank account, or into their pension funds. To make matters worse presently there is no formal sur

Our Late ex-President Dr. A.P.J Abdul Kalam had said," A developed India by 2020, or even earlier, is not a dream. It need not be a mere vision in the minds of many Indians. It is a mission we can all take-up and succeed".  But sadly the state in which our country is in is quite appalling. Starting with the decision to implement NRC and CAA which led to protests around the country especially in Delhi at Shaheen Bagh which turned violent quite soon with active shooting in the name of religion irked by the statements of our leaders who wanted to garner votes for the Delhi Election. This issue had not yet died down when 53 people killed in the Hindu-Muslim riots which hit North East Delhi and brought entire Delhi into stand-still with many shops burned and livelihood destroyed. The era in which we are supposed to develop our economy, provide better education to our children, provide our youth with jobs, build better healthcare, improve our farmer income and agriculture techn

While the world was rejoicing on the day of love, February 14, marked a black day for Indians all over the country. 40 CRPF personnel were martyred after a vehicle laden with up to 350 kg of explosive rammed into a 2500 personnel convoy. Jaish-e-Mohammed operating from Pakistan claimed responsibility. This was one of the biggest attacks on the security forces since the Parliament attack of 2001. The entire country empathized with the martyrs and the forces and united with a cry for revenge. The government and the nation were tired of the proxy war of Pakistan and immediately decided to cut off all possible and remaining relations. India withdrew the Most Favoured Nation from Pakistan and increased the taxes to 200% for all imports. From suspending the broadcast of PCL to removing all forms of trade, India did everything. But the biggest blow was when the Indian Air Force entered Pakistani Airspace on 26 th February and destroyed the Balakot training facility of JeM. This was an

After, the US broke off from the Joint Comprehensive Plan of Action (JCPOA) or commonly known as the Iran Nuclear Deal where they accused Iran of violating the deal by not disclosing a past covert nuclear weapons program although the International Atomic Energy Agency (IAEA)  said otherwise. The repercussions came when they announced sanctions on all the business trades with Iran mainly in Oil, which gave a major blow to our Energy situation as India is one of the largest importers of crude oil from Iran. Although in recent updates the US gave a waiver to those sanctions for 8 countries which includes India and the official release is to be out on 5th November, the US has proposed that we ensure no further deals with Iran in the future and for the purpose to stabilize the economy due to rising oil prices they offered a waiver from the sanction but only once. Eventually, India has agreed to cut its imports on oil by 15% moreover the latest reports suggest that India is planning t

By the shocking actions of President Maithripala Sirisena by withdrawing his support from the standing government. On 26 th October 2018 he sacked Mr. Wickremsinghe from his position and sworn in the ex-President Mahinda Rajapaksa as the new Prime Minister. The ousted Prime Minister Ranil Wickremesinghe calling out his actions un-constitutional challenged his decision and urged the speaker to convene a session in the Parliament as soon as possible. But before anything could be done Mr. Sirisena suspended the parliament until November 16 and plunged the entire country into a political crisis with his decisions. Now Mr. Wickremsinghe is waiting to prove in the floor test his majority and reclaim his position. The turn of events has put the entire world into a disbelief, but an event of this magnitude was bound to take place. In 2015 Presidential Election Mr. Sirisena fought against Mr. Rajpakshe, representing the oppositions coalition as a “common candidate”, although his v