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Education - A Weapon

“ Education is the key to unlocking the world, passport to freedom”                                                     Oprah Winfrey What separates humans from animals is the ability of humans to write, read, learn and teach . This centuries-old accrued knowledge is called “ education ”, which makes humans the smartest creatures on the planet earth.  The basic measurement for education is called the rate of ‘literacy’. The global adult literacy rate is 86%. 75%of the world’s illiterate population lives in South Asia,West Asia and sub-Saharan Africa. Women account for two -  third so fall the illiterate adults of the world.The literacy rate of India is 77.7%(2017-18). In  the modern world, the meaning of ‘education’ is structured knowledge of our society in various disciplines – history, mathematics, polity, economics, various...
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Monetary Policy

 

The RBI has clearly sought to talk up confidence ignoring the risk of inflation.



RBI's latest monetary policy is focused more on economy revival rather than increased inflation rate. This is an optimistic approach towards improving the economic conditions of the country. Since the pandemic hit the country, there has been a continuous downfall of economy due to long and strict lockdown that stopped all the work pausing financial activities across the country. Now that situation is returning towards normalcy it is needed to foster the economy by providing more employment and job opportunities to the people and resume the stagnant growth of the economy. More employment will improve the financial activities and mitigate the impact of lockdown that caused a great loss to GDP of the country. The risk of inflation is also needed to be focused but it can be stay put for a while because reviving economy is more beneficial than cutting prices of commodities. If there will more jobs and employment than the inflation rate will reduce with time but without jobs and unemployment across the country, cutting prices and providing essential lower rates would not be possible for the government and not be useful. Hence this step towards economic growth through the latest monetary policy is more reasonable and will definitely have positive effects in future.

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