Category: Economy

How Covid-19 pandemic has hit the fashion industry hard?

The coronavirus outbreak has negatively impacted the fashion industry on every imaginable level; production has ceased, retailers have closed, and demand has plummeted.

As we all know that fashion is an industry that runs on change with new trends, styles, and whole new ranges offered up every season. To meet those demands, it must keep the supply chain working at full steam to stitch up and ship out new fashions at breakneck speed.

According to reports the Global Fashion Agenda in its Pulse of the Fashion Industry 2019 study “Fashion companies are not implementing sustainable solutions fast enough to counterbalance negative environmental and social impacts of the rapidly growing fashion industry”.

Now the global coronavirus pandemic has brought sustainability to the forefront. As an immediate threat to everyone’s health, it demonstrates how fragile we are as human beings and how our future health and happiness depend on the healthy environment that we have around us.

The coronavirus crisis has crumpled the social fabric of our lives and the fashion industry as well. Be it the way we address our financial goals or the way we dress are in our hands which has been automatically crushed after the attack of this deadly virus.

Even as fashion titans like Louis Vuitton, Prada, Gucci and some Indian designers are casting their bread upon the waters to create safe and sustainable clothing (including PPE kits), the most that we can do is wait. and watch!

Fashion historians believe that people changed their dressing style after the 1918 Flu Pandemic, the Great Depression and World War II. The 2020 Covid-19 pandemic is no exception.

But after all this, fashion has not been put down but has found new ways. The outbreak of the coronavirus pandemic has impacted all spheres but be its online retail, or traffic on e-commerce sites like Amazon.com, E-commerce sales grew during the initial six months of 2020 as everything became online. The online market of second-hand and recycled clothes, shoes and accessories has also seen a spike during this period. Many retailers from the fashion industry in the U.S. and other countries went all out to find a different way to send products into the hands of the shoppers and started shipping as it can be time-consuming but profitable. Added to that, many consumers simply aren’t interested in buying clothes right now. There’s so much focus on purchasing essential items to survive during the lockdown and I think everyone’s minds have naturally been focused on that. So fashion just becomes an after-thought or no thought.

You may nod and naff in equal measure, but it looks like Back to Basics. Now fashion trends are varying as the world slowly emerges from the global quarantine. With weddings now becoming more intimate, smaller in size, the fusion trends will find favour with both brides and bridesmaids. Mirror lehengas, organza skirts, pre-stitched sarees, necklet gowns, dhoti-crop tops in handwoven fabrics and hand-done embroideries with traditional textile techniques will trend. It will also help support the rural artisans and handloom communities.

FLOATING NEIGHBORHOODS OF AMSTERDAM: A STEP TO COMBAT SEA LEVEL RISE

“Floating Neighborhood” is a water-based solution for the problem for Holland’s housing needs. This neighborhood floats, freezes, tilts on the water of Lake Eimer. The goal is to “make a circular, resilient, floating neighborhood”. The floating houses have similar architecture to that of the land homes and each house is connected to the floor of Lake Eimer. The building elements of the houses are: wood, plastic and glass. The architecture of the neighborhood is based on water environment and each house have individual water jetties for getting connected with land. Running below the jetties, cables and pipes generate gas, electricity, water, cable, and provide a sewage drainage system for each floating home. The community of the water dwellers have the facility where when one resident is short on electrical power, another neighbor can offer some of theirs if they’ve got any leftover current. The Municipal Authority along with other innovators, planners and architects developed a draft for sustainability master plan for the floating development with maximum priority on sustainability.

Floating House

The main aim of “Floating Neighborhood” is to build sustainable neighborhood capable of addressing the challenges of an aquatic environment and harness the unique synergies it offers to residents. The neighborhood has adopted many approaches for solving environmental issues and rising sea level.

Adopted Approaches:

Sustainability of Floating Neighborhoods
  • Sustainable Solutions: The neighborhood relies on carbon intensive gas heating, well-insulated homes and passive solar heating through designs which make maximum utilization of natural sunlight, along with pumps which harvest warmth from the canal water even in winter. Solar boilers provide hot water, and water-recycling showers are equipped with technologies that recover heat that would otherwise go down the drain.
  • Harvesting waste water: The wastewater is transported to a nearby floating biorefinery which recovers nutrients and energy from the organic waste streams. Houses have vacuum toilets which are linked with decentralized sanitation facility and use anaerobic digester for producing energy using biogas, phosphorous and nitrates.
  • Usage of Sustainable Building Materials: The neighborhood uses sustainable building materials only which are light in weight and buoyant (bamboo is mostly preferred). The neighborhood has a community center which serves as a hub of neighborhood wide sustainability initiatives.
  • Smart Microgrid on Water: With the help of smart microgrid system on water, the residents have special permission that provides them the ownership of their own grid as well as energy sourcing and billing. Each house as installed large solar PV array and heat which with battery storage systems. The households have connections with energy management system which intelligently coordinates supply and demand of power within the community and allows the residents to trade energy with each other.
  • Replicable Blueprint for Green Building: The homes have green roofs where the residents can grow foods and plants. They can also collect rainwater and use it for different purposes. The rainwater can also be used for flushing the ultra-efficient toilets. The homes have solar hot water collector which connects to fixtures like recirculating shower, which cleans water in a water loop and saves both water and energy.
Floating House of Amsterdam

Is privatization of public sectors good or bad?

India comprises a mixed economy with the prevalence of both private and public sectors in wide range of fields like banking, education, health care, transport, manufacturing etc. Some are of the view that privatization could gear up the economic growth while other find that the privatization could bring more problems like unemployment taking the economic backward due to its inherent issues. Privatization could be defined as the process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector. It is also known as denationalization. It is a situation where the government decides to transfer the control of a public owned resource to private sector either partially or completely. The history of privatization goes back to the Ancient Greece, when governments contracted out almost everything to the private sector in which private entities and companies performed the majority of services including tax collection, army supplies, construction.

Benefits

The proponents of privatization believe that private market factors can deliver goods or services more effectually due to free market competition. One promising reason that people want to privatize is to alleviate corruption. A monopolized function is prone to corruption and decisions are primarily designed for political reasons, personal gain of the decision maker, other than on a economic note. Privatization works on growth and performance. Corruption takes its place in both sectors but it can be effectively reduced by privatization. Private companies take immediate action on those who take bribe, so they are much motivated to work and focusses less interest on corruption.

It is beneficial for the growth and sustainability of the state owned enterprises. It is obliging in keeping the consumer needs uppermost, it helps in increasing long term jobs and promotes competitive efficiency and open market economy. Managers of publicly owned companies are required to be more accountable to the broader community and to political stakeholder, this can reduce their ability to directly and specifically serve the needs of their customers while the managers of privately owned companies are accountable to their owners/shareholders and to the customer and can only exist and thrive where needs are met. Private corporations typically profit more if they serve the needs of the clients well. Corporations of different sizes may target diverse market niches in order to satisfy the demand. If you work for a government run industry managers do not usually share in any profits, however a private firm is interested in making a profit, so it is likely to cut costs and be efficient. Public sectors may be unwilling to invest in infrastructure improvements which will benefit the firm in the long term because they are more concerned about projects that offer a benefit before the election.

Snags

There are also many reasons that accounts for the drawbacks of privatization. The opponents of this term believe that there are many industries which perform an important public service, eg. health care, education and public transport. The profit motive cannot be the primary objective of firms in the long run because in the case of health care, it is feared privatizing health care would mean a greater priority is given to profit rather than quality care to be given to the patients. Privatization would create a private monopoly which might seek to set higher prices which exploit consumers therefore it is better to have a public monopoly. Private companies often face a conflict between profitability and service levels. To please shareholders they may seem to increase short term profits and avoid investing in long term projects, while initial benefits to the consumer may occur, the industry may not be induced to keep prices low unless government controls are exerted. Privatization may limit access to certain industries for people who cannot afford them and the public has little control over a private industry. Public sectors could make education affordable for a wide range of people but when it becomes privatized the cost of education could increase tremendously.

It encompasses a variety of of techniques for shifting functions. Privatization could bring up a lot of problems as well pose some advantages, but if we are really considering privatization, there should a formulation of better maps and ideas to get rid of the challenges.

WATER POLLUTION

Water pollution is a global problem, affecting every continent and occurring in every type of ecosystem. It can be caused by industrial, agricultural and sewage systems, as well as by natural processes.

Water pollution does not respect political boundaries (or rivers), and can be managed at the international, national and local level. Water pollution occurs when harmful substances—often chemicals or microorganisms that contaminate a stream, river, lake, ocean, aquifer, or other body of water, degrading water quality and rendering it toxic to humans or the environment. Water pollution can come from a number of different sources. If the pollution comes from a single source, such as an oil spill, it is called point-source pollution. If the pollution comes from many sources, it is called nonpoint-source pollution. Most types of pollution affect the immediate area surrounding the source. Sometimes the pollution may affect the environment hundreds of miles away from the source, such as nuclear waste, this is called transboundary pollution.

550+ Water Pollution Pictures | Download Free Images on Unsplash

Water pollution is estimated to cause over 4 billion lost human lives per year. The global costs of water pollution exceed more than $1 trillion per year, making it the most costly environmental health hazard.Globally more than 2.5 billion people lack adequate drinking water, and another 1.8 billion lack adequate sanitation. More than 40% of the world’s population lives in water-stressed areas. The majority of this population lives in developing countries. In developing countries, water pollution is almost wholly due to point source pollution. The majority of the global burden of disease, injury, and premature mortality is estimated to be due to diseases caused by contaminated drinking water, sanitation, and unsafe sewage. Such major pollution events account for about 40 percent of the world’s total estimated disease burden.

It is well known that there are a number of ways in which water pollution can occur.

TYPES OF WATER POLLUTION

  • Industrial water pollution results when materials that are harmful to humans or the environment are dumped into water. Often industry will be negligent in ensuring that harmful wastes are managed safely.
  • Agricultural pollution derives from the discharge of chemicals to increase crop yields, or pesticides, herbicides, and fertilizers to grow food.
  • Wastewater pollution results from the discharge of human waste, sewage and industrial wastewater.
  • Nonpoint or diffuse pollution is pollution that occurs when substances diffuse into the water from a variety of sources.
  • Point source pollution is the damaging flow of a substance that originates from a single location that can be easily identified, contained or cleaned up.
Water Pollution: The Invisible Threat The World Is Ignoring

EFFECTS OF WATER POLLUTION

  • Virtually all types of water pollution are harmful to the health of humans and animals. Water pollution may not damage our health immediately but can be harmful after long term exposure.
  •  Heavy metals from industrial processes are toxic to marine life such as fish and subsequently to the humans who eat them.They can cause immune suppression, reproductive failure or acute poisoning.
  • Microbial water pollution is a major problem in the developing world, with diseases such as cholera and typhoid fever being the primary cause of infant mortality.
Water pollution - latest news, breaking stories and comment - The Independent

These are just few effects of water pollution. If you wanna know more do research and know about it.

There are many ways to prevent water pollution and to avoid contaminating the water. Yes, there are various treatment plans to treat polluted water. For example, Sewage treatment plans, denitrification etc. The one thing we can do with the waste water is, Kitchen water can be directed to garden to save water as well as pollution. The things I said today are limited but there are many meaning in it. Hope you know more about it.

Top 6 Causes of Water Pollution and How to Reduce the Risks
SAVE WATER; SAVE LIFE

Read more;

What Is Fast Fashion?

Clothes shopping used to be an occasional event—something that happened a few times a year when the seasons changed or when we outgrew what we had. But about 20 years ago, something changed. Clothes became cheaper, trend cycles sped up, and shopping became a hobby. Enter fast fashion and the global chains that now dominate our high streets and online shopping. But what is fast fashion? And how does it impact people, the planet, and animals?

It was all too good to be true. All these stores selling cool, trendy clothing you could buy with your loose change, wear a handful of times, and then throw away. Suddenly everyone could afford to dress like their favourite celebrity or wear the latest trends fresh from the catwalk.

Then in 2013, the world had a reality check when the Rana Plaza clothing manufacturing complex in Bangladesh collapsed, killing over 1,000 workers. That’s when consumers really started questioning fast fashion and wondering at the true cost of those affordable t-shirts. If you’re reading this article, you might already be aware of fast fashion’s dark side, but it’s worth exploring how the industry got to this point—and how we can help to change it.

What is fast fashion?

Fast fashion can be defined as cheap, trendy clothing that samples ideas from the catwalk or celebrity culture and turns them into garments in high street stores at breakneck speed to meet consumer demand. The idea is to get the newest styles on the market as fast as possible, so shoppers can snap them up while they are still at the height of their popularity and then, sadly, discard them after a few wears. It plays into the idea that outfit repeating is a fashion faux pas and that if you want to stay relevant, you have to sport the latest looks as they happen. It forms a key part of the toxic system of overproduction and consumption that has made fashion one of the world’s largest polluters. Before we can go about changing it, let’s take a look at the history.

How did fast fashion happen?

To understand how fast fashion came to be, we need to rewind a bit. Before the 1800s, fashion was slow. You had to source your own materials like wool or leather, prepare them, weave them, and then make the clothes.The Industrial Revolution introduced new technology—like the sewing machine. Clothes became easier, quicker, and cheaper to make. Dressmaking shops emerged to cater to the middle classes.

Many of these dressmaking shops used teams of garment workers or home workers. Around this time, sweatshops emerged, along with some familiar safety issues. The first significant garment factory disaster was when a fire broke out in New York’s Triangle Shirtwaist Factory in 1911. It claimed the lives of 146 garment workers, many of whom were young female immigrants. By the 1960s and 70s, young people were creating new trends, and clothing became a form of personal expression, but there was still a distinction between high fashion and high street.

In the late 1990s and 2000s, low-cost fashion reached its zenith. Online shopping took off, and fast-fashion retailers like H&M, Zara, and Topshop took over the high street. These brands took the looks and design elements from the top fashion houses and reproduced them quickly and cheaply. With everyone now able to shop for on-trend clothes whenever they wanted, it’s easy to understand how the phenomenon caught on.

How to spot a fast fashion brand

Some key factors are common to fast fashion brands:

  • Thousands of styles, which touch on all the latest trends.
  • Extremely short turnaround time between when a trend or garment is seen on the catwalk or in celebrity media and when it hits the shelves.
  • Offshore manufacturing where labour is the cheapest, with the use of workers on low wages without adequate rights or safety and complex supply chains with poor visibility beyond the first tier.
  • A limited quantity of a particular garment—this is an idea pioneered by Zara. With new stock arriving in store every few days, shoppers know if they don’t buy something they like, they’ll probably miss their chance.
  • Cheap, low quality materials like polyester, causing clothes to degrade after just a few wears and get thrown away.

What’s the impact of fast fashion?

On the planet: Fast fashion’s impact on the planet is immense. The pressure to reduce costs and speed up production time means that environmental corners are more likely to be cut. Fast fashion’s negative impact includes its use of cheap, toxic textile dyes—making the fashion industry the second largest polluter of clean water globally after agriculture. That’s why Greenpeace has been pressuring brands to remove dangerous chemicals from their supply chains through its detoxing fashion campaigns through the years.

Cheap textiles also increase fast fashion’s impact. Polyester is one of the most popular fabrics. It is derived from fossil fuels, contributes to global warming, and can shed microfibers that add to the increasing levels of plastic in our oceans when washed. But even ‘natural fabrics’ can be a problem at the scale fast fashion demands. Conventional cotton requires enormous quantities of water and pesticides in developing countries. This results in drought risks and creates extreme stress on water basins and competition for resources between companies and local communities.

The constant speed and demand mean increased stress on other environmental areas such as land clearing, biodiversity, and soil quality. The processing of leather also impacts the environment, with 300kg of cehmicals added to every 900kg of animal hides tanned. The speed at which garments are produced also means that more and more clothes are disposed of by consumers, creating massive textile waste. In Australia alone, more than 500 million kilos of unwanted clothing ends up in landfill every year.

On workers: As well as the environmental cost of fast fashion, there’s a human cost. Fast fashion impacts garments workers who work in dangerous environments, for low wages, and without fundamental human rights. Further down the supply chain, the farmers may work with toxic chemicals and brutal practices that can have devastating impacts on their physical and mental health, a plight highlighted by the documentary The True Cost.

On animals: Animals are also impacted by fast fashion. In the wild, the toxic dyes and microfibres released in waterways are ingested by land and marine life alike through the food chain to devastating effect. And when animal products such as leather, fur, and even wool are used in fashion directly, animal welfare is put at risk. As an example, numerous scandals reveal that real fur, including cat and dog fur, is often being passed off as a faux fur to unknowing shoppers. The truth is that there is so much real fur being produced under terrible conditions in fur farms that it’s become cheaper to produce and buy than faux fur!

On consumers: Finally, fast fashion can impact consumers themselves, encouraging a ‘throw-away’ culture because of both the built-in obsolescence of the products and the speed at which trends emerge. Fast fashion makes us believe we need to shop more and more to stay on top of trends, creating a constant sense of need and ultimate dissatisfaction. The trend has also been criticized on intellectual property grounds, with some designers alleging that retailers have illegally mass-produced their designs.

Indian Education System

Education plays an important role in the development of an individual and making him a knowledgeable citizen. It is the education that makes an individual self-reliant, helps to suppress the social evils and contribute towards the development of the society and nation as a whole. Education helps in unravelling the mystery of nature. It enables us to understand and improve the working of our society. It creates conditions for a better life. Education brings out the capabilities to fight injustice happening in society. Every individual has the right to education. 

Indian Education is one of the largest and complex education systems in the world along with China. India is committed to providing basic education to its citizens, the framework of which is defined in the National Policy of Education. Elementary education is now compulsory in India. At the time of Independence, only 14% of India’s population was literate. Now after so many decades since Independence, the number of literates has increased by fivefold.

History of Education System

The history of Indian education system comes from the times of Ramayana and Mahabharata. The historic Indian education system is also called the Gurukula system. There were gurus then who are now known as teachers and shishyas who are called students now. The gurus and the shishyas lived together under one roof in Gurukula until the completion of their education. The shishyas were expected to help the guru in all the daily chores as part of their learning. The children belonging to higher strata of the society were taught all the subjects from Sanskrit to Holy Scriptures and mathematics to metaphysics by the gurus. The Gurukulas during those times focused on the practical aspects of life. The students were taught in the open classroom in the surrounding area of nature. This early system of education in India continued for many years until the modern education system came into the picture in the nineteenth century.

In the early 19th century, during the British period, the modern education system was brought into our country by Lord Thomas Babington Macaulay. The basic strength of this modernized education system was the examinations and a well-defined curriculum, which gave importance to subjects like science and mathematics and subjects like philosophy, metaphysics were given a back seat. The brick and mortar classrooms replaced the open classrooms in the Gurukulas. The essence of the guru shishya bond was taken over by a more formal relationship between the teacher and the student. To understand the progress of any student, examinations were conducted at frequent intervals. The focus of the education system shifted from learning to memorizing of the concepts to score good marks in the examinations.

Problems of Indian Education System

Over a period of time, it has been observed that there are many loopholes in the system of education in India. Instead of understanding the concepts, students started cramming and memorizing the lessons. Knowledge is given a backseat and scoring in high rankings takes importance. The modern parents have tuned their mindsets accordingly and their goal is to ensure that their children score good marks instead of acquiring knowledge right from the primary level. 

Private schools and colleges have been rapidly increasing in the country but the results produced by them are far beyond satisfactory. It has also been observed that the quality of teachers deteriorated with the passing of time. Our examination system is responsible for the wide skill gap. India is producing lakhs of engineers and professionals every year but only a fraction of this number is actually getting employed. This is because the Indian examination system focuses more on scoring good percentages rather than the actual continuous comprehensive evaluation. 

Research and development, which should be the cornerstone of our system, are given the least importance. The private schools and colleges focus on the admission of more students and are least interested in the quality of their education. This is the major reason why the faculties and the teachers lack skills and specialization. This is quite evident from the fact that a single professor is assigned to teach multiple subjects. 

How Can We Improve the Indian Education System?

First and most importantly we should improve the grading system. Rote learning should be discouraged completely. Teachers and faculties should focus more on the analytical skills of the students and grade them accordingly. There should be more focus on comprehensive evaluation instead of scoring only good marks. Workshops must be organized for teachers on a regular basis to keep them updated about the latest developments in the sector of education. At the same time, the curriculum should be reframed according to the present needs of education in India. 

The payroll structure of the teachers and the faculties especially in the government institutions should be improved. This step will help in motivating the teachers to develop their skills and they will take a keen interest in grooming or shaping up a student’s life and career. The government and other entities who are associated with the education sector, need to understand the importance of quality of education. Education should be a holistic process that must focus on the overall development of the physical, emotional, social and cognitive skills of a child. It needs to be a slow and cyclic process and must take place gradually to help the child develop into an autonomous, independent and knowledgeable individual.

Conclusion

An educated individual is an individual who should be able to contribute towards the betterment of the economic and social development of the society as well as the country. The true goal of education must exceed awarding the degrees and certificates to the students. Education is not a tool to earn livelihood but it is a way to liberate the mind and soul of an individual. 

Role Of Todays Youth In Building A Self Reliant India

“Self-reliance is the key to a vigorous life.”

Self-reliant India is the vision of the Prime Minister of India Narendra Modi of making India a self-reliant nation. The first mention of this came in the form of the ‘Self-Reliant India Mission’ during the announcement of the coronavirus pandemic related economic package on 12 May 2020. This self-reliant policy does not aim to be protectionist on nature and as the Finance Minister clarified, ” Self-reliant India does not mean cutting off from rest of the world”. The largest fund in the country worth Rs. 21,000 crore was setup by the IIT Alumni Council with the aim of supporting the mission towards self-reliance.

Everybody knows, that the youth are the future of any country. But India can take lead over many other nations because about 65 percent of the country’s population is below 35 years and 50 percent is below 25 years. With huge, educated young population, India is very uniquely poised to realise the demographic potential amd reap the advantage of this vast powerhouse of human resource talent. The need of the hour is to upgrade the skill or upskill the youth to meet the emloyment needs of technology driven 21st century and accelerate the pace of self-reliance.

The uncertainity created by the pandemic is being seen by many as an opportunity to upgrade knowledge and acquire new skills that will cater to the post-corona virus job scenario. The skills required for tomorrow’s jobs will be completely different from the skill-sets youth possess today.

So, its high time now, we have to make India self-reliant and youth plays the most important role in this mission.

International Workers Day

“Without labour nothing prospers.”

Labour Day or International Workers Day is celebrated annually on 1 May to celebrate the working class and labourers across the world. Socialist and labour unions celebrate this day by organising programmes to improve wages and working conditions of the workforce. In more than 80 countries Labour Day is a national holiday.

Before a formal Labour Day came into place, deaths, injuries and dangerous working conditions were very common among the working class globally. During the rise of industrialisation, the U.S. exploited the working class during the nineteenth century and made them work upto 15 hours a day under rigorous conditions. The rising death of the workforce in industries forced the working class to raise their voices for their safety. After efforts made by the workers and socialists, eight hours was declared as the legal time for the workers in the late nineteenth century by the American Federation of Labour.

The origin of Labour Day goes back to an incident in Chicago on May 4, 1886 known as the Haymarket Affair. On this day workers assembled as part of a peaceful rally in a strike demanding an eight hour work day. An unknown person threw a dynamite bomb at the police as they acted to disperse the meeting, and the bomb blast and ensuing gunfire resulted in the deaths of seven police officers and atleast four civilians; dozens of others were wounded. The Chicago protests led to many countries and at last they got the proper labour rights.

So, they had a long repression from the society. So, now the time has come to live respectfully and safe. Without labour no country can prosper. They are the ones who make a way towards country’s development. Their hardwork, dedication cherishes the path of development of country. So, respect them and provide safe working conditions to them. The below mentioned lives are aptly quoted;” A worker is a creator and a great asset to every nation”.

New Forms of Punishment

Section 53 prescribes five types of punishments to be meted out to a person convicted of a crime under the Code, depending on the nature and gravity of the offence,viz .:

(i) Death; (ii) Imprisonment for life; (iii) Imprisonment, rigorous with hard labour, or simple; (iv) Forfeiture of property; and (v) Fine.

It is suggested to add five new forms of punishment to the existing ones in section 53, IPC with a view to deter particular types of criminals. Such punishments will have more psychological, social and moral impact on the criminals and will go a long way in curbing crimes. The proposed punishments are: (i) Externment, (ii) Compensation to victims of crime, (iii) Public Censure, (iv) Community service, and (v) Disqualification from holding public office.

(i) Externment: Externment or banishment is a form of punishment in which an accused is sent out of the place of his residence to another place for a specified period of time as mentioned in the order issued by the court. This is done to deprive the accused of the company of his family members, friends and associates so that he or she may not indulge in criminal activities. Externment is resorted to primarily in case of anti-social, hardened and habitual criminals.

(ii) Compensation to victims of crime: Unfortunately, the victims of crime in our country do not attract the attention of law makers. Of late, Civil Procedure Code, 1973 in section 357 has empowered the court to award compensation to the victims of crime in very limited cases at the time of passing the judgment. No doubt, the higher judiciary has on times provided compensation to the victims of crime of custodial violence, sexual assault, rape, illegal detention by invoking Article 21 of Constitution, but such instance will not serve the plight of helpless victims.

(iii) Public Censure: Public Censure or social censure is one of the methods of punishment prescribed in some of the countries, such as Russia, Columbia etc., in respect of certain offences of anti-social nature, such as white-collar crimes, tax crimes, food adulteration, etc. In ancient India, public censure was considered suitable punishment for certain class of criminals.

(iv) Community Service: Community service or corrective labour is a form of punishment in which the convict is not deprived of his liberty. Corrective labour is the standard penalty given in those cases where it is considered that the accused need not to be isolated from the society. The period ranges between one month to one year in such cases. This system is used in Soviet Russia with good results. An important feature of this type of punishment is that the accused is not deprived of his liberty and he may go home after the day’s work.

(v) Disqualification from holding public office and contest elections: Disqualification to hold public office and contest election of legislature and local bodies as a form of punishment will have the adequate and desired deterrent sanction, if sincerely implemented. Representation of the People Act, 1951 disqualifies a person convicted for a period of two years or more to contest election for a period of six years. But the provisions are very limited in scope and are being abused with impunity.

Are online classes worth it?

As you know COVID-19 destroyed the world economy to a great extent and still we are not fully back on our track. The major impact of this can be seen on education as well. All the schools and universities shut down causing the harm to the students. They are forced to complete their education by the means of internet only just by sitting at their homes. Internet no doubt provides us with alot of opportunities and ed-tech is one of them but it also leads to huge destruction of students carrier and their mind. When the virus hitted the economy the teachers started taking the classes online by the way of various available platforms and both the negative as well as the positive impact for the students were observed.

Agree that there are various advantages of online classes that a student can learn on their time just by sitting at their homes but it has a disadvantage in itself because most of the students just join the classes but don’t give due care to the lectures.Some students don’t feel comfortable asking their queries in class so in an online class they can pause videos or return to concepts covered in previous modules. But this opportunity is not taken by most of the students because they are one who are completely ignoring the lectures and doing something else in their home.

Teachers are also facing alot of issues in this as the network issues hits alot while taking the classes. Also video can’t be open by the students who are living in remote areas. If we also look up in the worst ground then there are students who are even not having the proper equipment to attend the classes and also not able to give exams which is the reason of stress and anxiety among them.

We can just pray together that everything comes back on the track very soon so that we can see the happy faces going to schools and universities rather attending classes just by being on their bed.

SCIENCE AND TECHNOLOGY

Science and Technology have now become crucial parts of our life and our life has many luxuries and we are able to utilize them because of science and technology. It has helped us to do all these in short time because of the advancement in science and technology. Every day new technologies get introduced in the field of science and technology which makes human life easier and comfortable. And now it is difficult to imagine our loves without science and technology. Because of this we are now living in modern civilization and our evolution has occurred. This development in the field of Science and Technology is present in every aspect of our life and has great contributions in it.

There have been many new inventions in the field of Science and Technology which has changed the overall perspective of humans towards life and helps in modernizing the human civilization. Hence, people get the chance to enjoy the lives more comfortably and make it more pleasurable. In other days, humans now have a simple life because of science and technology. It has now expanded its wings into the fields of medical, education, manufacturing and many other areas.

WHAT IS SCIENCE ?

Science is the consists of systematic study of the behavior and structure of physical and natural world through observation, experiment and technology with the application of scientific knowledge for practical purposes. And Like everything, Science also has a journey and it has long lasting impact on the humans. Science has large contributions in the evolution of human.

WHAT IS TECHNOLOGY ?

“Technology” is the application of this scientific knowledge for practical purposes. Thee mobile, laptop etc. have now become the essential parts of our life and make use of connectivity or communication or smart technology for doing our activities. From the machines used in industries to the robots created, all fall under technological invention. So, in simpler words we can say that technology has made our lives comfortable.

Science and Technology: India

Ever since British rule, India was famous for many things and after gaining independence, science and technology, played a great role in shaping the present and future of India. Now, it has emerged as an essential source of creative and scientific developments all over the worlds. All these advancements have led to the improvement of Indian economy and assisted development in various fields including Space Technology, Mathematics, Space Technology and many more. Some of the prominent examples of these developments are railway system, smart phones etc. Such advancements only helped in launching Chadrayaan 2 and helped India earn critical acclaim from all over the world.

In conclusion, we must admit that science and technology have led human civilization to achieve perfection in living. However, we must utilize everything in wise perspectives and to limited extents. Misuse of science and technology can produce harmful consequences. Therefore, we must monitor the use and be wise in our actions.

“Advancement in science and technology has changed the modern culture and the way we live our daily life.“

Digital Banking

Digital Banking has completely changed the way we bank in today’s times. With Digital Banking, you can transact with higher speed, ease and convenience.

What is Digital Banking? 

In simple terms, Digital Banking means availability of all banking activities online. Here, you have the luxury to freely access and perform all traditional banking activities 24*7 without having to personally go to a bank branch to get your work done. Some of the major online banking activities include-

(1) Money Deposits, Withdrawals, and Transfer
(2) Checking/Savings Account Management
(3) Applying for Financial Products
(4) Loan Management
(5) Bill Payment
(6) Account Services

Many banks also offer other integrated services like investing in Mutual Funds and other investment options online. Thus, making Digital Banking a widely used concept.

Digital Banking in India

Digital Technology has drastically changed the way banks interact with us. Similarly, it has completely changed the way we transact and interact with the bank. This is especially true in the case of a booming technological and financial economy like India, where more and more people are being connected to Digital Banking Platforms with each passing day. 

With Digital Banking you can perform every transaction, from start to end in a seamless, secure manner. You can withdraw money, deposit money, apply for loans, invest in Mutual Funds- all at a click of a button.

With the introduction of mobile banking you can perform transactions on the go. Mobile banking is a convenient and easy way to finish your transactions. For example, you can do over 125 transactions through HDFC Bank’s mobile banking app. 

The latest addition to mobile banking feature is the Mobile Banking LITE app.The HDFC Mobile Banking app can work without an internet connection, italso doesn’t take up too much space and is quick to install over slow connections. It’s a safe and secure way of making transactions on the go.

Digital Banking services are offered by all major retail banks in the country today and have, in fact, become an integral part of their services. So, one can now bank from the ease of one’s home, with the convenience of smartphone screens.

(1) Indian Financial System Code (IFSC)
The Indian Financial System Code (IFSC) is an 11-character code in alphanumeric format to uniquely identify all bank branches within the NEFT, RTGS, and the Immediate Payment Service (IMPS) network within India. This code is printed on every cheque leaf in your personal or company chequebook. To transfer funds to an account electronically, the receiver must share his IFSC code as it identifies the receiver bank and branch.Magnetic Ink Character Recognition (MICR)
Magnetic Ink Character Recognition (MICR) is a technology used to verify the legitimacy or originality of paper documents, especially cheques. A special ink sensitive to magnetic fields is used in the printing of certain characters. Every bank branch has a unique MICR code, which helps the RBI speed up the cheque clearing process, with MICR readers.

(2)Magnetic Ink Character Recognition (MICR)
Magnetic Ink Character Recognition (MICR) is a technology used to verify the legitimacy or originality of paper documents, especially cheques. A special ink sensitive to magnetic fields is used in the printing of certain characters. Every bank branch has a unique MICR code, which helps the RBI speed up the cheque clearing process, with MICR readers.

(3) Electronic Clearing Service (ECS)
Electronic Clearing Service (ECS) is another method of transferring funds from one bank account to another. It is most often used to pay regular bills (telephone, mobile, credit card, electricity, etc, to make EMI payments (Personal, Car, Home Loan), and SIP investments. This is done by invoking the auto debit facility. ECS is also used by entities for payment of salaries, pensions, distribution of dividend interest etc.

(4) Immediate Payment Service (IMPS)
Since NEFT may not be available for use on weekends and bank holidays, you could try using IMPS or Immediate Payment Service. The service is available 24X7. The minimum transfer value is Rs 1 and the maximum value is Rs 2 lakh.
But to use this service, you will need to register via your bank and provide the mobile number and MMID of the beneficiary as IMPS transfer can also be done through mobile phones. Mobile Money Identifier (MMID) is a seven-digit unique number issued by the bank.

(5) National Electronic Funds Transfer (NEFT)
The National Electronic Funds Transfer (NEFT) system allows individuals, companies, and other entities to transfer funds electronically from one bank to another within India. Normally, funds from the remitting bank will be sent to the RBI within three hours of the transaction. However, the time taken to credit the beneficiary bank’s branch account depends on how long it takes the bank to process the transaction. It should be noted that NEFT operates only during business hours on weekdays. NEFT transactions cannot be done on Sundays, bank holidays, and second and fourth Saturdays of the month. The minimum transfer value is Rs 1 and there is no upper limit.

(6)Real Time Gross Settlement (RTGS)
Another method for transferring money electronically, from bank to bank, within the Indian banking system is Real Time Gross Settlement (RTGS) scheme, where the minimum amount for each transaction is Rs 2 lakh and there is no upper limit. The beneficiary account receives the money immediately.
The RTGS system is primarily meant for large value transactions.With effect from 00:30 hours on December 14, 2020, RTGS facility is available round the clock on all days i.e. 24 hrs. India one of the few countries to operate the system 24×7. This comes within a year of the Reserve Bank of India (RBI) operationalising NEFT 24×7. NEFT is the popular mode for small-value transactions. RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks. The average ticket size for RTGS in November 2020 was Rs 57.96 lakh, making it a truly large-value payment system. RTGS uses ISO 20022 format which is the best-in-class messaging standard for financial transactions. The feature of positive confirmation for credit to beneficiary accounts is also available in RTGS.
Earlier, the RBI had decided not to levy charges on transactions through NEFT and RTGS in order to promote digital transactions, and had asked banks to pass on the benefits to customers. The RBI used to levy minimum charges on banks for transactions routed through RTGS and NEFT. Banks, in turn, levied charges on their customers. RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
It should be noted that NEFT, RTGS and IMPS impose transaction fees in slab rates.

(7) Society for Worldwide Interbank Financial Telecommunication (SWIFT)
SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication. It is an internationally recognised identification code forbanks worldwide, and is usually used for international wire transfers. Only those banks that are SWIFT-enabled can take part in this system. In EU nations SWIFT is also known as BIC or Bank Identification Code. When dealing with international transfers also be aware of IBAN or International Bank Account Number. IBAN (International Bank Account Number) appears in bank statements and the bank’s online systems. IBAN and BIC (Bank Identification Code ) contain your bank account number and sort code written in an internationally recognised format. All these numbers can make your wire transfers happen quickly and securely.

Internet and Mobile Association of India v. Reserve Bank of India

Statement of Facts

  1. On 5th April,2018 Reserve Bank of India issued a press release raising the concern about the consumer protection from trade of virtual currencies. They were of the view that trading in virtual currency also referred as crypto currency are prone to hacking and therefore would lead to money laundering, terrorist activities, etc. In this view RBI asked the banks to not to deal with the transactions related to the trading of virtual currency.
  2. The services which RBI directed the bank not to deal with were – maintaining the accounts, registering, trading, settling, clearing, giving loans against virtual currencies, accepting virtual currency as collateral, opening accounts of exchanges dealing with them and transfer of sale/purchase of virtual currencies.
  3. The matter was challenged by Internet and Mobile Association of India. The Supreme Court of India allowed the petition on the ground of proportionality. Earlier in 2013 the Reserve Bank of India do issued a public caution to the traders and holders of virtual currency in context with the legal and security related risks associated with it.

Issues Raised

  1. Whether the Reserve Bank of India had the jurisdiction to disallow the trade of virtual currency?
  2. Whether the Respondent had the powers to regulate virtual currency as they were not equivalent to money or legal tender?
  3. Whether the circular which was issued by the RBI was proportional?

Critical Analysis of the Case

A step in the right direction was taken by the Supreme Court of India, in the judgment of Internet and Mobile Association v. RBI. The court quashed the circular of the RBI that directed financial agencies to disocciate themselves from entities involved in virtual trading or transactions relating to VC’s. Some of the concerns that led to the issuance of circular include the anonymity of the transactions and the protection of investors when dealing in cryptocurrency. The major apprehension of the RBI was the inherent difficulty in tracking the source of money which has led to an increase in the number of cryptocurrency scams in the country. Still a very volatile technology, we have not had enough discussion around its shortcomings, leading to an adverse preference of this technology in the monetary circuit.

The Petitioner relied on the case of MS Gill v. Chief Election Commissioner, which led that there was an express prohibition of any authority to do anything which may improve its case. The contention of the petitioners rested on the premise that denial of banking services to those activities of trade recognized by law, would be extremely disproportionate, leading to the violation of extremely disproportionate, leading to a violation of Article 19(1)(g) of the Constitution. Therefore, an understanding of whether there was an infringement of this constitutional right was necessary and to this end, the court relied on the case of Md. Yasin v. Town Area Committee, which makes it amply clear that the right under article 19(1)(g) would be affecyted “In effect and in substance” when there is a complete stoppage of a particular business activity, owing to a certain measure that was undertaken. In Keshavlal Khemchand and Sons Pvt. Ltd. v. Union of India, the court pointed out that “Reserve Bank of India is an expert body to which the responsibility of monitoring the economic system of the contry is entrusted, under various enactments like the RBI Act, 1934, the Banking Regulation Act, 1949.”

The judgement of the court has started an effective discussion on lines that were never traversed before, and while that is indeed commendable, we need to look ahead and anticipate the potential risks on the economy. With that in mind, VC’s promise a more feasible future, especially in this era where people are connected through technology in ways previously unimaginable. Various stakeholders have posted many suggestions, particularly with regarding to creating a model that can monitor and regulate crypto currency, without bringing a blanket ban of the same, which ought to be considered by the government in the light of pending bill. What we need to do is find a balance and not discourage startups from adopting this technology, and if this is ignored, India could be handicapped from exploring opportunities that crypto currencies have to offer. Instead of shying away from addressing these concerns, we need to be proactive and have a structured policy in pace to assuage any potential concerns in the future.

Globalisation

Introduction

Globalisation is the process of international integration arising from the interchange of world views, products, ideas and other aspects of life. The vital element of globalisation is ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows. Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations and these must be adequately distinguished. The impact of globalisation is vastly uneven- it affects some societies more than others and some parts of some societies more than others and it is important to avoid drawing general conclusions about the impact of globalisation without paying sufficient attention to specific contexts.

Causes of Globalisation

  • There are many causes of it but technology affects it more than anything else. Invention of printing, integrated chip(IC), telephone, internet has revolutionized communication between people in different parts of the world.
  • Due to faster communication and transportation, ideas, commodities, capital move more easily to any part of the globe than ever. As people got the technology of better communication and transportation they recognise these mediums to connect rest of the world.
  • The Ebola virus is not confined to only African continent but it affects other nations too.
  • It has mainly 3 types of consequences:-
    1. Political : Globalisation results in discomfort in functionality and working of government. The increased role of MNC all over the world leads to reduction in the capacity of govt. to take decisions on their own. But at the same time globalisation does not always reduce state capacity. The importance of state continues to be unchallenged basis of political community. Indeed in some manner state capacity has recieved a boost as a consequence of globalisation. Due to advancement in technology available in state, it can collect information about its citizens. With this information, the state is better governed. State becomes powerful than earlier due to emergence of new technology.
    2. Economic : The economic globalisation involves greater economic flows or exchange of commodities among different countries of the world. The mention of economic globalisation draws our attention to the role of international institutions like IMF and WTO in determining economic policies across world. The restrictions imposed by different countries on capital across countries and allowing imports of other countries have been reduced. Capital across countries means that investors in prosperous countries can invest in other countries including developing countries where they might get good returns. There is less movement of people across the globe because developed countries have carefully guarded their borders with visa policies to ensure that citizens of other countries cannot take away the jobs of their own citizens.
    3. Cultural : It refers to impact of globalisation in what we eat, wear, drink, watch and think. The cultural effect of globalisation poses a threat to different cultures in the world other than western culture. There is a cultural homegenisation which means rise of uniform culture, as we notice the popularity of American things like McDonald’s, Pizza, KFC, GOOGLE, blue jeans and hollywood movies has spreaded across the globe. This is dangerous not only for the poor countries but for the whole of humanity because it leads to the shrinkage or extinction of the rich cultural heritage of the entire globe. But cultural consequences of globalisation is not always negative as sometimes external culture influences simply enlarge our choices and sometimes they modify our culture without overwhelming the tradition. The Maggi is no substitute for noodles, therefore, does not pose any real challenge. Globalisation leads to each culture becoming more distinctive and different. This phenomenon is called Cultural Hetergenisation. Those who are concerned about social justice are worried about the extent of state withdrawal caused by process of economic globalisation. They point out that it is likely to benefit only a small section of population while impovershing those who were dependent on govt. for jobs and welfare. They have emphasised the need to ensure institutional safeguards to minimise the negative effects of globalisation on those who are economically weak. Many movements all over the world feel that safety nets are insufficient or unworkable. They have called for a stopping to forced economic globalisation, for its results would lead to economic ruin for the weaker countries, especially for the poor within these countries. Some economists have described economic globalisation as re-colonisation of the world. Advocates of economic globalisation argue that it generates greater economic growth and well-being for larger sections of population when there is de-regulation. Greater trade among countries allows each economy to do what it does best. This would benefit the whole world. They also argue that economic globalisation is inevitable.

India and Globalisation

From the colonial period, India became an exporter of primary goods and raw materials and a consumer of finished goods. After independence, because of the experience with British, we decided to make things ourselves rather than depending on others. We also decided not to allow others to export to us so that our own producers could learn to make things. This step generated its own problem. India had a fairly sluggish rate of economic growth (due to ignoring other sectors such as health, housing, etc.). In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India began programme of economic reforms that opened doors for trade and FDI.

India and Resistance to Globalisation

Resistance to globalisation in India has come from political parties as well as through forums like the Indian Social Forum. Trade Unions of industrial workforce as well as those representing farmers interests have organised protests against the entry of multinationals. The patenting of certain plants like Neem by American and European firms has also generated considerable opposition.

Is Online Classes a Mental Exhaustion rather than Knowledge?

Yes, Online Classes is a mental exhaustion rather than knowledge. Online Classes is a modern way of teaching consisting virtual classrooms. With educational institutes closed due to the COVID-19 pandemic, the government has been encouraging online education to achieve academic continuity. Most high-end private and public institutions have made the switch smoothly using online platforms such as Zoom, Google Classroom, Microsoft Teams etc., while many still find it a herculean task. The challenges of online education is multifaceted.

Using internet for entertainment is common, but for online lessons is a big challenge. Teachers may not be well-versed with creating digital content, and conveying it efeectively online. A sudden expectation from them to upgrade, and from students to adapt, is unfair. Body language and eye-contact which are important cues for the teacher are difficult to perceive in an online class. “I do not receive continual feedback in the form of student’s reaction during online session” says a college teacher in sub-urban Mumbai. How many students have paid attention in a class? These questions arise even in traditional classrooms, but they are harder to address in online classes. A parent of an 8 year old attending a private school in Gurgaon says, “There shouldn’t be online classes for such younf kids. Their concentration span is small and they do not pay attention after a while.”

Even the college students seem to value the in-class physical learning experience much more than a virtual one. Theoretical knowledge always seems to be boring without practicals. Students have to sit at one place and just have to study the theory. Their minds gets exhausted due to which they pay less attention to what has been taught. many acknowledge that phones can be very distracting. In addition, science and technology programs often include hands-on laboratory sessions, dissertation projects and field trips to complement theoretical studies.This aspect of learning is severely limited in online education.

Finally, education is not just about subject knowledge but also about developing social skills and sportsmanship among the students, which is built over years. Relying solely on education maay hinder the holistic develoment of children and many may under-perform later in their professional and personal lives. Students are not able to understand lessons which result in oncreasing stress among the students.

“In a class of 40 students, after two months of online classes, around 20 students regularly attend class with whatever device and connection they have. Around 5-8 students are completely absent till date and rest are fluctuating” says a school teacher in Ratnagiri in Maharashtra. A teacher in a government-aided school from the small town of Chamba in Himachal Pradesh says, “It is frustrating experience to engage students of lower classes in online mode . There are network issues on both teacher’s and student’s ends.”

We all know that some areas are prone to poor internet connectivity due to which some students are not able to attend classes and some join just for the sake of attendance. We Indians give more preference to marks and frades rather than knowledge, which results in less productivity of knowledge in students and more focus is given by students to get good marks.