Day: August 29, 2022

What is sustainable development?

With the advancements in technology and the rapid development of our
goals, our natural systems are unable to provide resources at scale and as a
result, our resources are depleting faster than they can be replenished. Finding
the right balance to ensure growth that is sustainable for years to come is the
basis of sustainable development. Some steps can be taken today that would have
a huge impact on society’s well-being and environment. Sustainable Development
is defined as the practice of setting goals and guidelines to use natural and
non-renewable resources responsibly and save energy to create new development
projects and maintain old projects.

Importance of sustainable development

1. Provides Essential Human Needs

People will have to compete for scarce resources including food,
shelter, and water due to the population growth. A long-lasting infrastructure
is nearly totally necessary for the adequate provision of these fundamental
needs.

2. Agricultural Requirement

Agriculture must keep up with an increasing population. It can be really
difficult to find solutions to feed more than 3 billion people. The focus of
sustainable development is on agricultural practices that increase yields while
preserving the health of the soil, which provides food for a big population,
such as efficient seeding methods and crop rotation.

 

3. Manage Climate Change

 

Sustainable development methods can
reduce climate change. The goal of sustainable development techniques is to
consume fewer fossil fuels, such as coal, natural gas, and oil. Fossil fuel
energy sources are unsustainable since they will run out in the future and
cause greenhouse gas emissions.


4. Financial Stability

Global economies can become more
financially sustainable by implementing sustainable development strategies.
Renewable energy sources can be used by developing nations without access to
fossil resources to power their economy.

5. Sustain Biodiversity

Overconsumption and unsustainable
development have a significant negative influence on biodiversity. The ecology
of life is set up so that species are dependent on one another to survive. For
example, plants create the oxygen that is necessary for human respiration.

Using organic farming methods and
renewable energy sources that don’t release greenhouse gases into the
atmosphere are encouraged by sustainable development techniques.


Goals of sustainable development


1. Eradication of poverty across the
world

These organizations typically target the poorest and least developed
nations in the world.

By extending social protection programs like school meals, cash
transfers, targeted food aid, etc., they want to abolish poverty on a global
scale.

 

2. The promotion of wellbeing and
health

At every stage of life, this sustainable development objective aims to
promote everyone’s health and well-being. The objective takes into account all
of the top health goals, including reproductive, maternal, and child health.

Additionally, it promotes better health financing, and more research and
development, and enhances each nation’s capacity for health risk management and
prevention.

3. Provision of Quality Education for
All

These organizations are aware that the number of children dropping out
of school is at an all-time high. Even as worldwide communities struggle to
assure quality and equity in the education sector, this gap must be overcome to
ensure sustainable future development.

4. Provision of Clean Water and
Sanitation

Regarding sustainable development, water and sanitation are at the top
of the list. They are essential for the planet’s and humanity’s survival. The
quality and sustainability of water resources around the world, as well as
issues with sanitation, hygiene, and drinking water, are all addressed in this
goal.

5. Building up Strong Infrastructure, Supporting
Inclusive and Sustainable Industrialization, and Incubating Innovation

Industrialization, infrastructure, and innovation are three components
of sustainable development that are considered in this objective.
Infrastructure is important because it provides the fundamental framework
required to facilitate the seamless operation of business and society as a
whole.

Industrialization promotes economic growth and creates employment
possibilities, which lowers poverty rates. Industrial sectors’ technological
capabilities are improved by innovation, which also sparks the growth of
innovative skills.

6. Making Affordable and Clean Energy
More Accessible

 

For most sustainable development objectives, energy is the most
important resource. Through improvements in industrialization, education, water
supply, health, and combating climate change, energy plays a crucial role in
reducing poverty.

The growth and expansion of renewable energy sources like solar, wind,
hydropower, liquid and solid biofuels, biogas, and geothermal are the main
objectives of this sustainable development aim.

These clean, renewable energy sources are best for the environment and
people’s health because they don’t release greenhouse gases into the
atmosphere.

 

Challenges faced in achieving
sustainable development

 

Two significant problems stand in the way of sustainable growth.

The first is that employing sustainable techniques and materials can be
costly in many development-related areas. Although sustainability does prove to
be less expensive in the long run than conventional development, developing a
sustainable project may be much more expensive in the beginning.

The lack of a universally acknowledged need for sustainable development
is the second significant problem. The solution to this problem in schooling
could take many years.

When projects are more expensive to start, contractors and investors
cannot see the value in them. It can be quite challenging to create a long-term
vision necessary to comprehend the significance of sustainability when the goal
is to make money in the near term.

To achieve this goal, new governmental rules and incentive
schemes have been implemented to make sustainable development a more alluring
choice for program and project managers.

DEPRESSION

N kavya

Depression is a mood disorder that causes a persistent feeling of sadness and loss of interest, also called major depressive disorder or clinical depression. It affects how you feel, think, and behave and can lead to a variety of emotional and physical problems. Depression is not a weakness; you cannot simply “snap out “of it. Depression may require long-term treatment. But we should not feel discouraged because most people with depression feel better with medication, psychotherapy, or both.

Let us see know about the symptoms of depression –:

• Feelings of sadness, tearfulness, emptiness, or hopelessness
• Angry outbursts, irritability or frustration, even over small matters
• Loss of interest or pleasure in most or all normal activities, in their hobbies or sports
• Sleep disturbances, including insomnia or sleeping too much
• Tiredness and lack of energy, so even small tasks take extra effort
• Reduced appetite and weight loss or increased cravings for food and weight gain
• Anxiety, agitation, or restlessness
• Slowed thinking, speaking, or body movements
• Feelings of worthlessness or guilt fixating on past failures or self-blame
• Trouble thinking, concentrating, making decisions, and remembering things
• Frequent or recurrent thoughts of death, suicidal thoughts, suicide attempts, or suicide
• Unexplained physical problems, such as back pain or headaches.

People dealing with depression may occur only once during their life, people typically have multiple episodes, and during these episodes, symptoms occur most of the day, nearly every day which also affects their day-to-day activities, such as work, school, social activities, or relationships with others. Some people might even feel generally miserable without really knowing the exact reason.

• Depression in children and teens may include sadness, irritability, clinginess, worry, aches, pains, being extremely sensitive, feeling misunderstood, anger, and poor performance.
• Depression in symptoms in older adults may include memory, difficulties or personality changes, fatigue, and often wanting to stay at home, rather than go out to socialize or do new things.

Causes of depression –:

• Biological differences – People with depression appear to have physical changes in their brains. The significance of these changes is still uncertain.
• Brain chemistry – Neurotransmitters are naturally occurring brain chemicals that likely play a role in depression.
• Hormones – Changes in the body’s balance of hormones may be involved in causing or triggering depression.
• Inherited traits – Depression is more common in people whose blood relatives also have this condition. Research shows genes may be involved in causing depression.

Risk factors of depression –:

• Certain personality traits, such as low self-esteem and being too dependent, self-critical, or pessimistic
• Traumatic or stressful events, such as physical or sexual abuse, the death or loss of a loved one, a difficult relationship, or financial problems.
• History of other mental health disorders, such as anxiety disorder, eating disorders, or post-traumatic stress disorder. Abuse of alcohol or recreational drugs.
• Serious or chronic illness, including cancer, stroke, chronic pain, or heart disease. Certain medications may also trigger depression such as some high blood pressure medications or sleeping pills.

Complications in depression – :

• Excess weight or obesity, which can lead to heart disease and diabetes
• Pain or physical illness
• Alcohol or drug misuse
• Anxiety, panic disorder, or social phobia
• Family conflicts, relationship difficulties, and work or school problems
• Social isolation
• Suicidal feelings, suicide attempts, or suicide
• Self-mutation, such as cutting
• Premature death from medical conditions

Prevention of depression -:

There is no fixed way to prevent depression but these strategies may play a major role –
• Take steps to control stress
• Reach out to family and friends
• Get treatment at the earliest sign of a problem
• Consider getting long–term treatment because it helps to prevent a relapse of symptoms.

Types of depressive disorders -:

• Major depressive disorder
• Anxious distress, Melancholy, Agitated (Major depression looks different in different people. So they are characterized into three types.)
• Persistent depressive disorder
• Bipolar disorder
• Seasonal affective disorder (SAD)
• Psychotic disorder
• Peripartum (Postpartum) Depression
• Premenstrual Dysphoric Disorder
• ‘Situational ’Depression
• Atypical depression
• Clinical depression

SUSTAINABLE DEVELOPMENT

 Sustainable Development

Sustainable development means not having problems in the world for the future generation and it can help people leave in a peaceful environment. Sustainable Development Goals (SDG)s are also known as Global goals to protect the people and promote a better life. By 2030 they aimed to end poverty, get educated and have enjoyed and leave a happy and healthy life.

These 5 components of sustainable development. They are –

* Peace

* Planet

* Poverty

* Partnership

* Planet 

Sustainable development is important for us to conserve the sources and change how we use the resources. Every country should have all the basic unlimited resources for them to use if there is an emergency. They should have the resources like food, water, employment, energy and sanitation. We should make our surroundings clean and keep our environment green. This is our priority for keeping our planet green and safe.

SWOT Analysis explained.

SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to be internal factors over which you have some measure of control. Also, by definition, Opportunities (O) and Threats (T) are considered to be external factors over which you have essentially no control.

SWOT Analysis is the most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capabilities to the requirements of the environment in which the firm operates.

In other words, it is the foundation for evaluating the internal potential and limitations and the probable/likely opportunities and threats from the external environment. It views all positive and negative factors inside and outside the firm that affect the success. A consistent study of the environment in which the firm operates helps in forecasting/predicting the changing trends and also helps in including them in the decision-making process of the organization.

An overview of the four factors (Strengths, Weaknesses, Opportunities and Threats) is given below-

Strengths – Strengths are the qualities that enable us to accomplish the organization’s mission. These are the basis on which continued success can be made and continued/sustained.

Strengths can be either tangible or intangible. These are what you are well-versed in or what you have expertise in, the traits and qualities your employees possess (individually and as a team) and the distinct features that give your organization its consistency.

Strengths are the beneficial aspects of the organization or the capabilities of an organization, which includes human competencies, process capabilities, financial resources, products and services, customer goodwill and brand loyalty. Examples of organizational strengths are huge financial resources, broad product line, no debt, committed employees, etc.

Weaknesses – Weaknesses are the qualities that prevent us from accomplishing our mission and achieving our full potential. These weaknesses deteriorate influences on the organizational success and growth. Weaknesses are the factors which do not meet the standards we feel they should meet.

Weaknesses in an organization may be depreciating machinery, insufficient research and development facilities, narrow product range, poor decision-making, etc. Weaknesses are controllable. They must be minimized and eliminated. For instance – to overcome obsolete machinery, new machinery can be purchased. Other examples of organizational weaknesses are huge debts, high employee turnover, complex decision making process, narrow product range, large wastage of raw materials, etc.

Opportunities – Opportunities are presented by the environment within which our organization operates. These arise when an organization can take benefit of conditions in its environment to plan and execute strategies that enable it to become more profitable. Organizations can gain competitive advantage by making use of opportunities.

Organization should be careful and recognize the opportunities and grasp them whenever they arise. Selecting the targets that will best serve the clients while getting desired results is a difficult task. Opportunities may arise from market, competition, industry/government and technology. Increasing demand for telecommunications accompanied by deregulation is a great opportunity for new firms to enter telecom sector and compete with existing firms for revenue.

Threats – Threats arise when conditions in external environment jeopardize the reliability and profitability of the organization’s business. They compound the vulnerability when they relate to the weaknesses. Threats are uncontrollable. When a threat comes, the stability and survival can be at stake. Examples of threats are – unrest among employees; ever changing technology; increasing competition leading to excess capacity, price wars and reducing industry profits; etc.

SWOT Analysis is a strategic management tool that assists an enterprise in discerning their internal Strengths, and Weaknesses, and external Opportunities, and Threats, to determine its competitive position in the market.

SWOT Analysis explained.

SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to be internal factors over which you have some measure of control. Also, by definition, Opportunities (O) and Threats (T) are considered to be external factors over which you have essentially no control.

SWOT Analysis is the most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capabilities to the requirements of the environment in which the firm operates.

In other words, it is the foundation for evaluating the internal potential and limitations and the probable/likely opportunities and threats from the external environment. It views all positive and negative factors inside and outside the firm that affect the success. A consistent study of the environment in which the firm operates helps in forecasting/predicting the changing trends and also helps in including them in the decision-making process of the organization.

An overview of the four factors (Strengths, Weaknesses, Opportunities and Threats) is given below-

Strengths – Strengths are the qualities that enable us to accomplish the organization’s mission. These are the basis on which continued success can be made and continued/sustained.

Strengths can be either tangible or intangible. These are what you are well-versed in or what you have expertise in, the traits and qualities your employees possess (individually and as a team) and the distinct features that give your organization its consistency.

Strengths are the beneficial aspects of the organization or the capabilities of an organization, which includes human competencies, process capabilities, financial resources, products and services, customer goodwill and brand loyalty. Examples of organizational strengths are huge financial resources, broad product line, no debt, committed employees, etc.

Weaknesses – Weaknesses are the qualities that prevent us from accomplishing our mission and achieving our full potential. These weaknesses deteriorate influences on the organizational success and growth. Weaknesses are the factors which do not meet the standards we feel they should meet.

Weaknesses in an organization may be depreciating machinery, insufficient research and development facilities, narrow product range, poor decision-making, etc. Weaknesses are controllable. They must be minimized and eliminated. For instance – to overcome obsolete machinery, new machinery can be purchased. Other examples of organizational weaknesses are huge debts, high employee turnover, complex decision making process, narrow product range, large wastage of raw materials, etc.

Opportunities – Opportunities are presented by the environment within which our organization operates. These arise when an organization can take benefit of conditions in its environment to plan and execute strategies that enable it to become more profitable. Organizations can gain competitive advantage by making use of opportunities.

Organization should be careful and recognize the opportunities and grasp them whenever they arise. Selecting the targets that will best serve the clients while getting desired results is a difficult task. Opportunities may arise from market, competition, industry/government and technology. Increasing demand for telecommunications accompanied by deregulation is a great opportunity for new firms to enter telecom sector and compete with existing firms for revenue.

Threats – Threats arise when conditions in external environment jeopardize the reliability and profitability of the organization’s business. They compound the vulnerability when they relate to the weaknesses. Threats are uncontrollable. When a threat comes, the stability and survival can be at stake. Examples of threats are – unrest among employees; ever changing technology; increasing competition leading to excess capacity, price wars and reducing industry profits; etc.

SWOT Analysis is a strategic management tool that assists an enterprise in discerning their internal Strengths, and Weaknesses, and external Opportunities, and Threats, to determine its competitive position in the market.

Need for Sustainable Development Goals (SDG)

 Need for Sustainable Development Goals (SDG)

Sustainable Development Goals (SDG)

Sustainable Development is the development that meets the needs of the present without compromising the ability of the future generations to meet their own needs. The Sustainable Development Goals (SDG) are the blueprints or steps that are needed to achieve a better, bright and sustainable future for everyone. They address the global challenges that we all face which include climate change, environmental degradation, inequality, justice, peace and poverty.

The Sustainable Development Goals (SDG) are : 1. No poverty 2.Zero Hunger 3. Good Health and well-being 4. Quality Education 5. Gender Equality 6. Clean water and sanitation 7. Affordable and clean energy 8. Decent work and economic growth 9.Industry, Innovation and Infrastructure 10.Reduced Inequalities 11. Sustainable Cities and Communities 12. Responsible Consumption and Production 13. Climate Action 14. Life below water 15. Life on land 16. Peace, justice and strong institutions 17. Partnerships . The idea of UN Sustainable Development Goals has mainly started by the UN. It needs support of the nation’s, business, civil society and NGO’s for its funding and implementation. 

Effective ways to achieve Sustainable Development Goals are

1.We must minimize the excessive use of natural resources in order to preserve it from getting extinct.

2.We must preserve and conserve the national, cultural and traditional heritages for self dignity.

3. Effective and strict governing system for smooth development and administration.

4. Awareness programs should be conducted for spreading the importance of sustainable development.

5. People need to have mutual and cooperative understanding among themselves. 

6. Every illiterate citizen should be provided formal and informal education for attaining better knowledge and sustainable development.

Currency Trading

 Currency Trading 

A foreign exchange market exists whenever one currency is traded for another. It is the largest financial market in the world. It is mainly dominated by large banks, multinational cooperation and governments. Every country manages its currency with respect to foreign currencies and the foreign exchange market. It is known as Exchange Rate Regime.

Working of foreign exchange market

Currency prices are result of supply and demand forces. Currency become valuable when demand for it is greater than available supply. The ever changing current events have high influence on the foreign exchange market. The factors that affect the foreign exchange rate are economic factors, political conditions and market psychology. Internal, regional and international political events and conditions have impact on currency markets. The economic factors that affect are government fiscal policy and monetary policy and economic conditions. The most common regime today is the floating rate. The market decides the movement of exchange rates. Dollar Euro, Yen etc are examples of float currencies. Companies which do international business with different currencies face financial risk due to fluctuating rate it is called foreign exchange risk.