Universal destruction

How could it be possible that when the time gets worse we often ignore the vulnerable?
Nikhil Meshram

We are living in the world , where no one can intrude . A life , where you can’t touch the one you want . A life, where one has to stay away from his own . A life , where no one can go in one’s home . Yes , it’s a life we are living ‘ A life of a LOG’ .

Coronavirus , I believe it’s not a new word in your dictionary . This eleven letter word creating a massive destruction all over the world . I know you are well aware but the real question is , are you following the protocols properly?

Firstly let’s get some knowledge about coronavirus.

The origin .

The recent outbreak began in Wuhan, a city in the Hubei province of China. Reports of the first COVID-19 cases started in December 2019.

Coronaviruses are common in certain species of animals, such as cattle and camels. Although the transmission of coronaviruses from animals to humans is rareTrusted Source, this new strain likely came from bats, though one study suggests pangolins may be the origin.

However, it remains unclear exactly how the virus first spread to humans.

Some reports trace the earliest cases back to a seafood and animal market in Wuhan. It may have been from here that SARS-CoV-2 started to spread to humans.

Coronaviruses are a group of viruses that can cause disease in both animals and humans. The severe acute respiratory syndrome (SARS) virus strain known as SARS-CoV is an example of a coronavirus. SARS spread rapidly in 2002–2003.

The new strain of coronavirus is called severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus causes coronavirus disease 19 (COVID-19).

Around 80%Trusted Source of people with COVID-19 recover without specialist treatment. These people may experience mild, flu-like symptoms. However, 1 in 6 peopleTrusted Source may experience severe symptoms, such as trouble breathing.

The new coronavirus has spread rapidly in many parts of the world. On March 11, 2020, the World Health Organization (WHO)Trusted Source declared COVID-19 a pandemic. A pandemic occurs when a disease that people are not immune to spreads across large regions.

It’s okay take a deep breath . Yes, it’s a lot to take in but we all know how china played with the whole world .

The protocols.

Wear masks ,
Wash hands ,
Use sanitizers ,
Social distancing , etc,.

Is it important to follow protocols ?

You say NO , I say ‘if you want to die you can easily ignore the protocols ’ . Well I don’t want to die , I have my whole 20s , 30s and so on…… .

According to the survey, people have been moving around freely, meeting different social groups and attending gatherings, going to malls and markets. This indicates that a pandemic fatigue has set in after after a year of restrictions on movement, social distancing and strict mask wearing norms.

Well , if you are saying this is what following protocols is than I am happy to stay home rather than chilling around like a monkey . Like really , a monkey also has a common sense that when to do chilling and when to fight for himself . What we are doing is putting masks in our pocket to showcase the world that I have one . Haha it’s kinda funny .

We long to return to normal, but **normal led to this**. To avert the future pandemics we know are coming, we MUST grapple with all the ways normal failed us. We have to build something better. I hope this piece, in showing what went wrong, helps.

Link :

Use of MS Excel in today’s world.

Excel is typically used to organize data and perform financial analysis. It is used across all business functions and at companies from small to large. The main uses of Excel include: Data entry.

Excel is a software program created by Microsoft that uses spreadsheets to organize numbers and data with formulas and functions. Excel analysis is ubiquitous around the world and used by businesses of all sizes to perform financial analysis.

The main uses of Excel include:

1 Data entry
2 Data management
3 Accounting
4 Financial analysis
5 Charting and graphing
6 Programming
7 Time management
8 Task management
9 Financial modeling
10 Customer relationship management (CRM)
** Almost anything that needs to be organized!

Excel is used extensively in finance and accounting functions. In fact, many organizations run their entire budgeting, forecasting, and accounting functions entirely out of Excel spreadsheets.

While Excel is defined as a “data” management tool, the data that is most commonly managed is financial. At CFI, we would define Excel as the ultimate financial software. While there are other pieces of financial software that are tailored toward performing specific tasks, the strongest point about Excel is its robustness and openness. Excel models are as powerful as the analyst wishes them to be.

Accountants, investment bankers, analysts, and people in all types of financial career paths rely on excel to perform their daily job functions.

And one should know how to use MS Excel. Its on of the most important skill in today’s corporate world.

SEBI: Securities and Exchange Board of India

The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance , Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament. SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and Ahmedabad respectively. It has opened local offices at Jaipur and Bangalore and has also opened offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year 2013–2014.

The SEBI is managed by its members, which consists of the following:

*The chairman is nominated by the Union Government of India.
*Two members, i.e., Officers from the Union Finance Ministry.
*One member from the Reserve Bank of India.
*The remaining five members are nominated by the Union Government of India, out of them at least three shall be whole-time members.

SEBI has to be responsive to the needs of three groups, which constitute the market:

*issuers of securities
*investors
*market intermediaries

SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there is an appeal process to create accountability.

PUBLIC DEBT

Public debt refers to the accumulation of annual budget deficits. It is basically the amount a country owes to lenders inside or outside of itself. Public debt is the sum of internal or external debt. The former refers to the public loans floated within the country while the later refers to public loans taken from other countries.

In India, public debt has increased tremendously over the years. This is mainly due to the fact that India is a developing economy the government requires massive investments in infrastructure and capital goods industries. For these purposes, they have to resort to borrowing. Development projects also involve a lot of raw materials. In the past few years the prices of petroleum products have increased significantly and so has it’s import bill in India. The exports however, have not increased in the same proportion. Consequently, the obligations of external debt has increased in India.
The total public debt of India in 2016-17 has been 50.3 per cent as a proportion of GDP. The external debt has to be paid in terms of foreign currency and it’s repayment creates serious problems.

A criteria of assessing the burden of public debt should not be the amount but how the funds are actually used. If public debt is wasted is becomes a problem rather than the debt which is used productively. It has been observed that in India a vast amount of external debt has been used for maintenance imports and has not really increased productive capacity. This shows that burden of external debt is quite heavy. Internal debt however, has been used more productively. A significant amount of it has been utilized for development of industries, railways, projects, services etc.
Just like the central government, the state government also faces problems of public debt. Over the years, the expenditures of state governments have increased more than the revenue they get. This is mainly because tax potential is not at its fullest. Large investments made in projects like electricity, irrigation etc. have not generated expected returns.
Since the burden of public debt is so heavy, economists have come up with different strategies to tackle it.
One way can be the reduction of interest rates. This is specifically for internal debt. Reducing the interest rate can bring down debt-GDP ratio. Interest rate can be reduced directly or indirectly by making debt less risky. A monetary policy which reduces risk and real interest rate can aid in doing so.
Selling a part of vast real estate can also help in raising resources. Government of India hold s a vast majority of real estate especially railways which hold a large amount of land along its rail tracks. Some economists have suggested the government to sell some part of this real estate to generate necessary funds.
Another way to curb public debt is to reduce public expenditure and increase revenues. Reducing public expenditure is not easy especially for India which is a developing economy. As far as rising revenues are concerned, suggestions have been made for increasing taxation. This is however, not feasible. A substitute for this can be building ways to reduce loopholes that allow tax avoidance.

Why Australia is least affected by recession!!!

America’s economy is approaching a big milestone. If it keeps humming until July 2019, it’ll be the longest expansion in U.S. history. It would be exactly one decade and one month old by then. But there’s another country with an even more impressive run It’s even called the ‘lucky country’ Three big lessons from Australia.

Be smart.
Be organized.
Be lucky.

So, if I’ve got any advice for other countries, it’s try and be as lucky as Australia That luck has to do with Australia’s treasure trove of natural resources. You know Australia is on the other side of the world and sitting on tremendously valuable minerals right at the point where the Chinese economy is just around the corner and exploding. Australia and every one its natural resources were within the right geographic neighborhood even as the Chinese economy began to begin . And it just so happens that China did a big fiscal stimulus in 2008 and spent a great deal of money building new cities. So all of these resources were drawn from places like Australia. So that also served as a huge tailwind at a time when developed markets were in a whole lot of trouble.

The year 2008 was a time of economic turmoil The Global Financial Crisis hit and markets crumbled around the world. But as it turns out this was also a year for Australia’s economic management to really show off At the time the government had a very helpful and very low level of debt. One reason? Pension reform in the 1990s. Australia set up a compulsory retirement system called the superannuation system. It requires employers put money into its employees’ retirement savings.

Since companies and citizens have to build up retirement savings, some of the financial burden to pay off pensions was taken off of Australia’s government As other economies reeled in the wake of the 2008 crisis, the Australian Government was then able to put money directly into people’s bank accounts This boosted consumer spending in order to stimulate growth In 2008, the Australian Government unlike some other developed market governments actually jumped in very quickly with fiscal stimulus, so that helped to kind of minimize the effect of the crisis The country’s numbers continued to look sluggish after the financial crisis. But they never quite dipped low enough or for long enough to satisfy the definition of a recession. It takes two quarters of negative growth to fall into a recession. Australia’s economy did post a couple of negative quarters since 2008, but no country’s perfect. Overall Australia’s economy has been managed pretty much in recent years partly due to a robust and stable financial institution.

Australia has an independent financial institution and it is a very well-run financial institution . It also has a floating exchange rate and the exchange rate helped it adjust to international shocks. Australia’s economic reforms gave it flexibility in times of hardship. For example, floating the Australian dollar In 1983, Australia’s government moved the dollar onto a floating exchange rate This meant that the dollar would be valued by supply and demand instead of being subject to influence from its government or its central bank It allows the economy to react to shocks as well Typically when an economy is hit by some sort of negative shock. The currency will adjust. It will depreciate and that helps promote exports. Another reason behind Australia’s economic diary lies in its immigration policy. Since the late 1990s, Australia has seen growth in temporary migration, many arriving to the country on student or temporary work visas. The number of temporary migrants peaked in the year 2000. However a recent change to immigration law in 2018 gave visa applicants more hurdles to get through if they wanted to come to the country Even when our GDP per capital average incomes aren’t rising by much because the number of people continues to rise that means the total GDP continues to rise at even more rapid pace Part of that’s underpinned by much faster population growth Most experts think Australia’s economy remains strong in 2019, but it’s not without risks.

Australia’s suffering at the instant from pretty weak wage growth. That’s worrying a lot of people. There’s a lot of fear right now that China is hitting a wall. That will hit demand for Australian products. The good news is to the extent that the Chinese are buying commodities hopefully will find buyers from overseas for many of those commodities if the Chinese are not there The bad news is the rest of the world economy is not doing that well.

The origin .

The protocols.

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