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Prime Minister Narendra Modi, with the personal attention he has paid to foreign policy, lifted bilateral engagement to an entirely different level within a year of assuming office. There was international relief when he released the pause button that the engagement with the global community had been put into and injected the much-needed vigour that had somehow dissipated during UPA-II.
Perhaps this is best understood in the context of India-Australia relations. For various historical reasons, starting from India’s advocacy of non-alignment, its perceived alignment with the Soviet Union during the Cold War era, its nuclear tests followed by the spate of attacks on Indian students, bilateral relations had been static and even, at times, antagonistic.
In recent years, especially after the 2009 incidents on Indian students, efforts to seek a closer engagement were largely one-sided with Canberra reaching out to an aloof Delhi. Modi’s visit to Australia last year genuinely got the people to believe that the moribund relationship was finally set to dramatically change for the better. Words like “strategic partnership” entered the lexicon and the joint statement issued by the two prime ministers was positive and exciting.
Some identified areas of cooperation, such as in the fields of defence, security and transnational crime were entirely government-led and government-administered. People would read and hear about such cooperation. They did not, however, directly participate either in the decision making process or its execution. Nevertheless, such cooperation sends out a powerful political signal that the heads of government are now committed to cutting across a gamut of sectors because they see a strategic convergence.
Where people get directly involved is with regard to people-to-people contact and more significantly, in trade and commerce. In neither of these, despite a prime ministerial endorsement, do we find any significant shift in mindsets, especially from the Indian side. Unless Modi personally intervenes, the spring of heightened hope will become the winter of lost opportunity.
Let me explain. At the end of this year, India was to hold, in Australia, as announced by Modi, the Make in India and Festival of Indian Culture. Six months into the year, the coordinating agency from the Indian side is yet to be decided upon, a calendar of events is yet to be drawn up and venues are yet to be booked. In countries like Australia, where world-class venues, such as the Sydney Opera House, are decided at least a year in advance, this is clearly unprofessional. When the image Modi is trying to project is that of a ‘will-do’ India – young, hungry, professional and competent – all we have succeeded is to demonstrate that we are none of these.
Consider again the strong message India could have sent with Modi’s flagship Make in India project, if we were to showcase examples of joint collaboration with Australian industry and other international partners in actually manufacturing in India. However, this requires planning and preparation.
Consider also how a major fillip could have been given to his related Skilling India flagship project. Australia has some exceptional vocational training institutes that could largely enhance skills in India. This could have been used as an ideal platform to begin a dialogue that engages both the Australian and the Indian public. If we get a buy-in to the Skilling India idea from the public, significant participation and thus, endorsement, could have followed.
Move now to the Comprehensive Economic Cooperation Agreement [CECA] or the India-Australia FTA that is currently under negotiation. This truly would be an area of significant impact, in tangible terms, on India-Australia relations.
Less than a week ago, Australia and China entered into a historic FTA. Australia-China trade is already at $150 billion, whereas India-Australia trade is barely in double digits. Ch-AFTA, as it is referred to, is expected to unlock significant opportunities for both sides and further strengthen economic cooperation. It is anticipated that after the agreement takes effect, 85 percent of products from Australia would enter the Chinese market tariff-free.
Tourism is also expected to be a significant gainer through the FTA, with Australian service providers receiving guarantees that they can construct, renovate and operate wholly-Australian hotels and restaurants in China. This guaranteed access is also extended to travel agencies and tour operators and is expected to boost Australian tourism into China.
The India-Australia FTA will be bench-marked by the Australian business community vis-à-vis the FTA with Beijing. If we fall grossly short, this would infect the way in which we are perceived globally.
Our big handicap is that we continue to mollycoddle our industry through high tariffs to prevent market entry. Stiff opposition from the business community prevents us from flattening the playing field. It is time for the next generation of economic reforms that opens up the market and dismantles archaic legislation. Unless this happens, the Australia-India FTA would not realize its potential.
The manner in which India economically engages with the global community will determine whether the efforts the prime minister has made in the past one year on the foreign policy front would yield dividends. Strategic convergence without robust economic engagement is not sustainable. (IANS)
Today, e-learning is one of the best alternatives for studying despite quarantine restrictions. Still, it has its own flaws, which are noticeable during the long-term experience. From one point, students learn to be independent and prepare their homework without extra help. Usually, everyone can buy essays for sale online and prepare for classes efficiently. And from the other point, online learning demands the highest responsibility. Let's find out why the face-to-face educational process is still more productive.
1. Too many distractions.
Needless to say that staying at home and learning are the biggest incompatibilities. When you get ready for your class, you often forget about how clean your house is or whether you have enough food for the day. In e-learning, the reality is that students should take care not only of the studying process but housekeeping as well.
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2. Not enough help from teachers.
The teacher's work during e-learning is to present the material and make it easy to understand. Still, this might be challenging for both sides. When the teacher sees that most students can get along with it, it is easier to pay attention to one or two from class who hasn't progressed much. Otherwise, while the subject is difficult for most of the class, it is almost impossible to dedicate attention to each while explaining the material better.
3. Less communication.
That feeling that you are far away from your friends can't leave you. Even if you don't have enough time to build strong friendships, studying in class helps students gain better results. Healthy competition plays a significant role in education, and everyone who stands for e-learning only should consider this aspect.
4. Access to online materials only.
When students write their texts or work on other assignments, they need to have more than Wikipedia. Studying in campus libraries is much more fun than sitting in one place to look for necessary information. Beside the traditional references, you can get feedback on your drafts.
Less movement with e-learning brings both positives and negatives in students' lifestyles.Getty pictures
5. Lack of individual approach.
E-learning is all about individual learning. Indeed, you can connect to your teacher or classmates online, but still, the schedule makes strict boundaries that you can't text or call them in late at night. When students are in class, a teacher can spread their attention to the whole audience and see how every student perceives material simultaneously.
6. Staying mostly at home.
Less movement with e-learning brings both positives and negatives in students' lifestyles. On the one hand, you don't need to spend hours driving on public transport or being stuck in traffic. And also, you don't have that vital time to prepare your mind for studying. On the road, we listen to audiobooks or read traditional ones, observe life, and think about further studies. This is the way our brain gets ready for classes, so it is less stressful for students to learn when they arrive at class.
7. Higher electricity bill.
Yeah, paying more for internet and electricity consumption is one more disadvantage of e-learning. When you study in class, you can use a public school Wi-Fi connection and charge your laptop in there as well. And while staying at home, you need to think about how much time you spend studying not to increase your electricity bill. Even if you pay for an Internet connection even when you don't study at home, electricity use significantly increases while you start e-learning.
Due to current epidemic measurement restrictions, many schools consider e-learning as one of the best variants to make education available for everyone. Still, e-learning can be a challenging affair for most students and teachers. To cope with it, they need to achieve new skills and apply them to the new reality.
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Divorce is a hard fact in someone's life because it can affect all aspects of life like social, economic, and living status. Conditions become tougher if you have children. Recovering from divorce is also a painful process but good thing is that it is possible to get through it and place better in terms of both finances and emotions. The impact of divorce on finances can be life-lasting but taking precautions and thorough investigations of options can help a lot not only to save unnecessary costs but also some other hidden areas where you weren't aware. Following are some tips to save money during a divorce.
1.Avoid advice from everyone
People like your friends, family members, colleagues, neighbors, etc. will start giving unsolicited advice during the divorce process when you discuss it with them. They will share their own experiences and horror stories and advice on how to handle financial issues during the divorce process. Get advice only from those you trust. In this regard, attorneys or financial experts are the best options to save money during the divorce process.
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2.Consider your spouse
It can be challenging for someone who has started the divorce process to think about the soon-to-be ex-spouse's best interests and financial wellbeing. While making decisions about assets and finances, considering not only your interests but also your spouse's interests can help you to reduce divorce process time. You can save your own and your spouse's money if you spend less time in such negotiations because times spend with the attorney will also be shortened.
3.Goodbye to the joint bank account
You should close all joint bank accounts which were in use of you and your spouse especially credit base account. Block major and supplementary credit and debit cards. Your spouse can use it and you can suffer heavy financial loss. Closing of all joint accounts should be the first step to cut down financial loss during divorce proceedings.
4.Open a new checking account
In continuation of the previous point, open your new checking account. This will help you in terms of not only building up of financial history but also your credit record. Credit history will be helpful if you apply for a loan or any other credit facility. This financial history will let you control your money during the divorce process. If your bank account is not a joint account but you own it, then make sure that your spouse was not using supplementary debit or credit cards. If the spouse was using then block it immediately.
Divorce can include many additional and sometimes hidden costs along with routine costs. This can bring more stress and worries to your life. Saving money can help you to fight such financial status. Force savings every month in this regard can help a lot. You can do this by opening a savings account and setting up a debit order from your checking account.
Recovering from divorce is also a painful process but good thing is that it is possible to get through it and place better in terms of both finances and emotions.Getty pictures
6.Keeping track record of the expense
You may not be interested in maintaining a record sheet of your expenses during your married life. If so, then you should start now. Analyze your bank statement critically because expenses can be out of control now. Review your daily cost of things and make critical decisions to cut down unnecessary costs.
7.Chalk out budget
Ideally, a proper budget should be chalked out to control expenses and save money during the divorce process. Select important segments/areas of your lifestyle and allocate a budget to each of them. After allocation of budget, stick to it strictly every month. This can be problematic in the beginning but become easy when you become used to it. By doing this, you will also be able to manage your savings account by allocating money.
8.Own health insurance
Medical emergencies and different health issues can be sudden or without any notice. So, it is necessary to have a health insurance plan in order to not only pay bills of medicines and lab tests but also an unexpected expensive hospital stay. If your health insurance has previously been covering your spouse then it is advisable to set up your own health insurance plan. This can help you to save money.
9.Amendments in your will and beneficiaries
If you have already decided about your will beneficiaries then it is the right time to update it. Now your divorce is under process, so, the content of your will and beneficiaries should also be significantly changed. This is much needed because it is possible that now you have children and who you like to allocate your property and saving especially if the children were not present when you drew up the will.
10.Change power of attorney
Many people assign power of attorney to their spouses during the marriage. Now it is essential to update and end the power of attorney and signing authority given to the spouse. This will help you in terms of legal and financial matters.
11.Apply for online divorce
Advancement in technology has made it easy for everyone to save time and money. Now in the United States, it is easy to apply for a divorce online. You can save time and attorney fees by downloading all the required divorce documents online. You should not worry about which document and how downloaded because many local court websites can give detailed information about how to file divorce online and which documents are needed.
12.Make use of the mediator
It is extremely helpful to use the mediator to decide terms and conditions between you and your spouse. Although an attorney is needed in certain matters of divorce use of a mediator will help you in saving attorney fee
Many spouses are very conscious about expensive assets and luxuries that are going to be distributed among spouses after the divorce. So, they make decisions to splurge on these luxuries. It is advisable not to splurge as the cost of divorce proves may be past your expectation.
14.Do it yourself (DIY) divorce
Many people are unable to afford the cost of attorney and mediator, so, they now try to handle things by themselves as much as possible. The rate of divorce and its cost is increasing day by day. This factor making "do it yourself (DIY) divorce" popular. DIY spouses are using information given by some attorneys who are offering free consultation on their first meeting.
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Gone are those days when people, sports enthusiasts, and governments lined up to host the Olympics. Hosting the Olympics, once seemed to be an immensely prideful event, but it has now transformed into an economic burden. Host cities grapple with a plethora of problems which mainly include construction delays, cost overruns, security issues, and environmental concerns.
The ongoing Covid-19 pandemic has more or less aggravated the problems. The Winter Olympic Games are scheduled for 2022 in Bejing, China. Furthermore, Paris and Los Angeles have been recently nominated as the hosts for the 2024 and 2028 Olympics Games respectively. Both cities have held the Games on two occasions previously, with Los Angeles hosting as recently as 1984. Simply submitting a bid to the International Olympics Committee (IOC) costs up to millions of dollars. Host cities typically have to spend $50 million to $100 million in fees to a slew of consultancy agencies, event management companies, etc.
Hosting the Olympics is more costly than the bidding process. For instance, London spent $14.6 billion for hosting the Games in 2012. On the other side, Beijing spent a lavish $42 billion for the Games in 2008. Meanwhile, the Russians spent $51 billion dollars on the 2014 Sochi Winter Olympics. Making, it the costliest Olympic Games in the history of the Olympics.
Governments of host cities and bid teams love to brag about the legacy of hosting the Games. But the hidden costs of such a massive project is too evident to hide. Such megaprojects require additional employment, as well as subsequent improvement of the pre-existing facilities and public infrastructure. Most of these projects are fraught with costs overruns, shoddy work and a lack of long term vision.
According to a study conducted at the prestigious Oxford University In England, by Danish geographer Bent Flyvbjerg and American journalist Allison Stewart, which looked into the individual economic parameters of hosting the Summer Olympic Games between 1960 and 2012. The findings were astonishing, they found out that the Olympic Games overrun the initial cost estimate with 100 per cent consistency. No other megaproject is this consistent regarding cost overruns.
Athens, in particular, seems to have been the tipping point. The city pridefully hosted the Games in 2004, which ended up costing them €9 billion (a whopping $11 billion at today's exchange rate). The offset of the Games was in disguise the onset of Greece's tumultuous years. The country now is in total disarray, with sky-high unemployment rates, failing economic apparatus, record levels of homelessness, all among the grandiose venues built for the Games.
The conclusion is simple, hosting the Olympics is an extravagant affair. If not planned properly, it tends to result in a severe economic crisis for the host city. If the host city lacks facilities and public infrastructure to support the excess crowds pouring in, not hosting the Olympics may be the best option.