Get subscribed to our newsletter
Get interesting updates to your email inbox.
India requires an active fiscal policy that will ensure accrual of overall benefits from the Centre’s seminal economic reforms, said Economic Survey 2020-21 on Friday. The survey document which was tabled by Finance Minister Nirmala Sitharaman in the Parliament cited fiscal multipliers are disproportionately higher during periods of economic crises than booms.
“Thus, as the Covid-19 pandemic has created a significant negative shock to demand, an active fiscal policy can ensure the full benefit of seminal economic reforms taken by the government,” the survey said.
Follow NewsGram on LinkedIn to know what’s happening around the world.
“As the IRGD is expected to be negative in the foreseeable future, a fiscal policy that provides an impetus to growth will lead to lower, not higher, debt-to-GDP ratios.”
The Economic Survey examined the optimal stance of fiscal policy in India during a crisis and concluded that it is growth that leads to debt sustainability and not necessarily vice-versa. Besides, the survey noted that the phenomenon of a negative IRGD in India, unlike advanced economies, is not due to lower interest rates but much higher growth rates.
Consequently, the trend has prompted a debate on the saliency of fiscal policy, especially during growth slowdowns and economic crises. According to the survey, simulations were undertaken till 2030 highlight that, given India’s growth potential, debt sustainability is unlikely to be a problem even in the worst-case scenarios.
The survey highlighted that a well-designed expansionary fiscal policy stance can contribute to better economic outcomes as it can boost potential growth with multi-year public investment packages that raise productivity and mitigate the risk of the Indian economy falling into a low wage-growth trap, like Japan.
In addition, it pointed out that a time of excessive risk aversion in the private sector, as seen during an economic crisis, risk-taking via public investment can catalyze private investment, leading to crowding in, then crowding out. (IANS)
Actress Urvashi Rautela has recently announced the name of her next film which is titled 'Dil Hai Gray'. It's a Hindi remake of Tamil film 'Thiruttu Payale 2'. Urvashi Rautela will be seen alongside Vineet Kumar Singh and Akshay Oberoi.
Urvashi shares: "I am excited to announce the title of my next film 'Dil Hai Gray' on the auspicious day of Vijaya Dashami. The film is very close to my heart and it was lovely working with director Susi Ganeshan sir, producer M Ramesh Reddy sir, and my co-stars Vineet Kumar Singh and Akshay Oberoi. "
"The film has created a massive response in the south industry and I am very positive about the story that it will be also be loved by the audience here. I hope my fans would bless us with their love and support. Super excited to watch my film on the big screen after a long time," she concludes. (IANS/ MBI)
Keywords: urvashi rautela, movies, bollywood, south, remake, film
China's CoronaVac and Sinopharm Covid vaccines may be waning in immunity levels, several studies have shown. CoronaVac and Sinopharm -- both inactivated vaccines, which use killed SARS-CoV-2 virus -- account for almost 50 per cent of the 7.3 billion Covid-19 vaccine doses delivered globally. China administered about 2.4 billion doses of the vaccines to its citizens, but almost one billion doses have gone to 110 other countries, particularly the less wealthy nations, Nature reported.
However, many countries, including Seychelles and Indonesia, which used the vaccines reported Covid-19 surges earlier this year, sparking a debate about their waning protection and the need for boosters. "These are not bad vaccines. They're just vaccines that haven't been optimised yet," Gagandeep Kang, a virologist at the Christian Medical College in India's Vellore, who advises SAGE, was quoted as saying. After receiving a second dose of CoronaVac, only 60 per cent had high levels of neutralising antibodies one month, compared to with 86 per cent of those who had received two shots of the Oxford-AstraZeneca vaccine, revealed a study of 185 health-care workers in Thailand, not yet peer-reviewed.
China's CoronaVac and Sinopharm Covid vaccines may be waning in immunity levels, several studies have shown. | Photo by Steven Cornfield on Unsplash
After three months, the antibody prevalence dropped to just 12 per cent in the same group, Opass Putcharoen, an infectious-diseases specialist at the Thai Red Cross Emerging Infectious Diseases Clinical Center in Bangkok, was quoted as saying. However, "waning of antibodies isn't necessarily the same as waning of immune protection", noted Ben Cowling, an epidemiologist at the University of Hong Kong.
CoronaVac induces a significantly lower antibody response compared with Pfizer-BioNTech's mRNA jab one month after two doses, however, the T-cell response was comparable, showed a study from Hong Kong, also not peer-reviewed. Vaccines made using other technologies have seen a similar trend of waning antibodies and protection against infection, but more-robust protection against severe disease and death. But researchers say that because the Chinese inactivated vaccines start at a lower base of neutralising antibodies, the protection they offer could drop faster than those with a stronger head start, the Nature report said.
However, a drop in protection can prove deadly for the elderly. An analysis of about one million people, hospitalised with Covid-19 in Brazil, showed that CoronaVac offered up to 60 per cent protection against severe disease up to the age of 79. But in people over 80, CoronaVac was only 30 per cent effective at preventing severe disease and 45 per cent effective against death. As a result, several countries, including Chile, Abu Dhabi in the United Arab Emirates and China, are giving booster jabs of mRNA or viral-vector vaccine to people who received the CoronaVac or Sinopharm vaccines, the report said. (IANS/ MBI)
Keywords: antibodies, waning, coronavac, protection, vaccines
By Devina Kaur
Everything in life is temporary. The only constant in life is change itself. That is a reality that we cannot deny. The beauty of this fact is that it allows us to confront our fears, trust the magic of the moment, and enjoy the precious gift of life. What lasts forever is our true self -- the real you -- the person you were born to be. If you feel stuck, trapped, boring or insecure -- acknowledge yourself, find yourself and who you really are on the inside. Your shiny sexy brilliant self is there. It's been there all along. You just need to unveil it.
It's a very common question to ask: "Who am I?" and it's not an easy question to answer. We might be able to give a definition of ourselves, like professional or student, or that we're introverts or extroverts but this doesn't really represent our true selves. We might also try to describe our best qualities and say that we're kind and smart but again, these qualities only indicate the surface level of who we really are.
It's a very common question to ask: "Who am I?" and it's not an easy question to answer. | Photo by Alex Iby on Unsplash
To find out who we truly are, we need to delve deeper and create something that is uniquely ours. So instead of answering the question about who we are from society's perspective or what traits define us, it is better to answer by showing examples of what makes us the person that we are on our own.
A tree is perfectly content being a tree. It doesn't think about becoming a chair or a birdhouse. Yet it knows how to be what it truly is. Trusting in your own true nature is sexy, brilliant, and way more fun than any comparison game because it builds beyond the temporary.
Here are 3 ways to overcome temporariness:
*Invest in yourself
The most challenging thing in life is to unleash your potential, open your heart and shine. Start now by doing one thing 100 per cent for yourself -- spend time in inner development, learn a new skill, do something you have been dreaming of for a long time, or go somewhere nice and take a photo of yourself, really look at yourself in the mirror. Then look straight into the eyes of the person you see in the mirror and tap into your innermost desires with a promise to yourself that you will not stop until you have achieved your dreams and wishes. Focus on your career, be willing to be flexible with your time and desires and allow your needs and passions to change over time.
Focus on your career, be willing to be flexible with your time and desires and allow your needs and passions to change over time. | | Photo by Roberto Nickson on Unsplash
*Discover your true self
Discovering your true self is not easy. To do this, introspection is required. There are many ways that you can take the time to explore who you are, but it is important to find your passion and drive. Spend time being still and silent and using that time to get to know who you are. Once you know who you are, you can then practice radical self-acceptance. Through self-acceptance, we can have more self-love for ourselves. I have been lucky enough to know and love as my true self for so long. I have found the journey this year to be more meaningful than any other year in my life because it has given me the chance to explore who I am and what I am really passionate about. Don't forget to practice self-care and health, set boundaries, start knowing and accepting yourself, as self-acceptance leads to more self-love.
Spend time being still and silent and using that time to get to know who you are. | Photo by Taisiia Stupak on Unsplash
* Be kind to yourself: People often neglect themselves and fixate on their imperfections. This can lead to low self-esteem, self-doubt, and other negative thoughts that worsen the mental and spiritual senses. It is important that we maintain our own well-being even if it means doing things that we might not enjoy or feel like doing at first. This includes eating healthy foods, getting enough sleep, exercising, spending time outside in nature, reading a book, etc. I connect to the Earth and embrace my inner child by walking barefoot whenever I can. When you reach a stage of youth, you start to gain a clear vision of how you want your future to be like.
It is important that we maintain our own well-being even if it means doing things that we might not enjoy or feel like doing at first. | Photo by A A on Unsplash
The most successful people are the ones willing to learn new skills and unlearn their old conditioning! Don't forget to practice self-care and health and set boundaries. It starts with self-knowledge and self-acceptance, as self-acceptance can lead to more love. Remember that the journey to self-love is love itself. Your life has just begun, if you make the most out of it, your personal development becomes the best version of itself. (IANS/ MBI)
Keywords: development, nature, person, practice, yourself, acceptance