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Savings have been eroded, but Hindustani Insan has not


- Comma

- Collecting a few weapons, a few dollars and an escaped temper leads to backstabbing terrorism. In this century, the world community will see fewer real wars and more terrorist attacks

Terrorism is born. Throughout this current century, the world community is going to see fewer actual wars and more terrorist attacks. Its appearance was seen from 9-11 at the end of the last century. That is, the upheaval is going to continue throughout this century. The stock market crashed last week due to Hamas and now there is a bullish trend in the stock market again. It is believed that the market will take a positive turn.

Although this improvement will be timely, the economic climate in the Country is still gloomy. The recession of our country is very unique from the rest of the world. We are living with a half population, so there is enough consumption in every trade, industry and service, but the profit that can grow the business itself becomes rare in a profit recession. If we examine the economic history of the last twenty five years in India, the average graph shows a rising art moon. The political climate of India is so turbulent that the image of what the leaders say is created in the minds of the people.

Indian agriculture sector is changing now. India's farmer is gearing up to become a marketer for his own produce. In the structure for establishment of Farmers Producer Organization (or Company) which has been announced by the Central Government under the Companies Act, the farmers themselves have been selling their farm produce through value addition instead of selling it directly. That is, if he sows corn himself, then the popcorn should be made and sold by himself, and the corn flour should also be sold by the farmer. The work of marketing these farm produce in value-added form is done by FPOs made up of farmers. The flow is still slow but it will not take long to become great. The fact that the NDA government has kept these FPOs in a company law structure instead of a cooperative structure is a great boon to the farmers of the country, as it will introduce corporate culture very quickly in the lives of crores of farmers in the country.

The present international recession, from which even America and Europe are not free, has a diminishing effect on all the country's markets. Calculating total family income is a puzzle for common citizens. Among the two main employment sectors in the country, agriculture is the first and construction is the second. Both are cool now. The whole reason for this is not the previous corona period. GST has had a serious impact on the sale of raw materials of construction materials and various constructions in the construction sector, central government has made some improvements, but still insufficient. Suddenly, China has hit an intolerable price hike of thirty percent in various materials as raw materials.

Urban development authorities in the country's cities have developed many residential estates along the ring road, with bungalows and flats, but investors are now withdrawing from the real estate sector due to fear of government regulations. Khara means consumers are in a financial crunch. A large inflow of capital that used to flow into the construction sector and into work has also come to a halt due to the departure of investors. Ten-year-old home prices continue to hit new lows. A new survey of the country's top 30 cities shows that a total of thirteen lakh houses are waiting for ready buyers in those cities. Besides, lakhs of other houses are incomplete and their constructions are about to be completed. Then they also have to wait like the previous buildings.

The Savings level of the common citizens of the country is the lowest in the last 20 years. The old savings of the citizens have been eroded and it is not easy to create new savings. The finance minister of the country has also said this. 80% of the country's middle class families are such that new savings are now a fantasy. When the saving capacity of the common citizens of the country decreases, the situation of recession starts in the sale of assets, because if there is 20 percent savings of the asset price, the citizen realizes his dreams by taking a loan of the remaining 80 percent amount based on the primary capital. There is a rule in real estate that no one goes to buy with money in the bag. Most consumers have to manage their own finances when buying property. It cannot be done now.

Government policies tend to move in the direction of trade-offs. For example, the automobile sector in the country is still experiencing severe recession. However, the central government has imposed heavy customs duty on the import of auto spare parts. The cess on petrol and diesel has been increased. The rules for converting old vehicles into non-use were already ridiculous, making them needlessly more stringent. A proposal to re-increase vehicle registration fees is ready. Tax relief has been given to electric vehicles which are yet to be manufactured. Its equipment and batteries are to be imported from China. Now green cars i.e. electric cars are seen on the roads of Gujarat. Green cars are seen coming and going even in the inner rural areas. Diamonds have adopted the green wave of green numbered motorcyclists.

How can the immortality of hopes be permanent in this? Interest rate cuts on various savings schemes push the bill, and government aid is set to further reduce the reduced rates. There is an illusion in the government's mind that by discouraging savings, the rupee will float in the market and money liquidity will increase. The government maintains a belief contrary to the laws of economics. Even so, after two severe and one mild round of Corona, the market will improve now, as the central government and the Reserve Bank have started to accept the realities. However, they are very late in that. Here is the risk of falling victim to another saying that the fruits of patience are sweet!



This post first appeared on The Editorial News, please read the originial post: here

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Savings have been eroded, but Hindustani Insan has not

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