AADAM SEVENTH

𝐓𝐡𝐫𝐞𝐚𝐭 𝐨𝐟 𝐂𝐨𝐫𝐨𝐧𝐚 𝐯𝐢𝐫𝐮𝐬 : 𝐅𝐚𝐜𝐭𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 ___________________________ The outbreak of Corona virus has emerged as a major challenge to Chinese authorities. As of today, more than 800 people have been diagnosed with Corona virus problem in China, with the number increasing by more than 200 in the last 24 hours. The number of deaths stand at 26 – increasing by more than 1/2 a dozen in the last 24 hours. Chinese authorities have imposed travel restrictions in 13 cities to prevent the virus from spreading. With 25th January being the day of Chinese New Year – typically the busiest travel season, the travel ban is likely to emerge as a major impediment. The travel ban is likely to affect 35 million Chinese. Millions of people are likely to travel during this weekend, increasing risks of the disease spreading. The city of Wuhan, capital of the Hebei province was the “ground zero” for the breakout of the epidemic – majority of the deaths have occured in the H

𝐆𝐥𝐨𝐛𝐚𝐥 𝐰𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐞𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐢𝐬 '𝐟𝐨𝐮𝐧𝐝𝐞𝐝 𝐨𝐧 𝐬𝐞𝐱𝐢𝐬𝐦,' 𝐬𝐚𝐲𝐬 𝐎𝐱𝐟𝐚𝐦 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 --------------------------------------------------- Wealth inequality is also a story of gender inequality. Or more precisely, wealth inequality is in part because of gender inequality, according to Oxfam International's latest report on global inequality, released Sunday There were 2,153 billionaires in 2019, and together they have the same amount of wealth as of the poorest 4.6 billion people in the world, according to Oxfam, the non-profit aimed at alleviating global poverty. In addition to the wealth gap, the Oxfam report focused on the financial gap between genders. "Our economic system was built by rich and powerful men, who continue to make the rules and reap the lion's share of the benefit. Worldwide men own 50% more wealth than women," the report says. Looking at a list of the richest people in the world reinforces thi

𝓡𝓼 2000 𝓷𝓸𝓽𝓮𝓼 𝓽𝓸𝓹 𝓽𝓱𝓮 𝓯𝓪𝓴𝓮 𝓬𝓾𝓻𝓻𝓮𝓷𝓬𝔂 𝓵𝓲𝓼𝓽 𝓯𝓸𝓻 2 𝔂𝓮𝓪𝓻𝓼 𝓲𝓷 𝓪 𝓻𝓸𝔀. According to the National Crime Records Bureau (NCRB) data released recently, the Rs 2000 note, introduced in end 2016 post demonetization (withdrawal of old Rs 500 & 1000 notes) contributed the maximum to fake currency seized by law enforcement officials. In 2017, fake notes worth Rs 28.10 crores were seized, out of which 53.3% in value was 2000 notes. In 2018, while overall seizure reduced to Rs 19.95 crores, share of 2000 notes increased to 61.0%. Across the two years, 2000 notes accounted for 56% of total fake currency seized. Post the demonetization announcement, Rs 45.44 lakhs of fake 2000 notes was seized in the remaining 53 days of 2016 itself. RBI annual report for the last two financial years also echoes a similar scenario although the figures are different. In FY 2017-18, total 17, 929 fake 2000 notes were detected in the banking system. In FY 2018-19, this figure in

ᴀʀᴇ ᴡᴇ 𝐬ᴇᴇɪɴɢ ᴛʜᴇ ᴇᴀʀʟʏ 𝐬ɪɢɴ𝐬 ᴏғ 𝐬ᴛᴀɢғʟᴀᴛɪᴏɴ ɪɴ ɪɴᴅɪᴀ **************************** Yesterday the retail inflation numbers were released for the month of December, 2019. The overall retail inflation has seen a increase from 2.11% in December, 18 to 7.35% now. More severe increase is seen in the food inflation, from -2.65% in same month, last year to 14.12% now. Earlier this week the advanced estimates for GDP growth was released for FY 19-20. The real GDP growth rate stood at 5% as against 6.8% in FY, 18-19. The quarterly growth rate for September, 2019 stood at 4.5%. Earlier this financial year, the PLFS data on unemployment was released with the unemployment rate stood at the highest in last 45 years.The phenomenon of rising inflation and slow growth with a high unemployment is regarded as stagflation in the economic literature. The present situation of Indian economy shows early signs of stagflation given all the economic indicators mentioned above. If this same trends of high in