DR. NIMAIN CHARAN BISWAL

Contractionary Monetary Policy with Increasing Interest Rate : Needs to Pause to Observe its Repercussions It is being observed that in India, RBI has been resorting to Contractionary Monetary Policy almost for last 6-months to chase Inflation. Contractionary Monetary Policy in simple terms, is reducing money supply in an Economy by increasing Interest Rate. When Interest is increased, it is expected that more deposits would come to Banks, Credit would be dearer resulting in reduced consumer spending, that can go against the inflation. Since May 2022, the Reserve Bank of India (RBI) has already done 3-Times hike in Interest Rate, its Repo-Rate was increased from 4% to 4.4% in May'2022, then to 4.9% in June' 2022 and again to 5.4% in August' 2022. As RBI increases its Repo Interest Rate ( it is the Lending Rate of RBI to Banks ), the Commercial Banks also keep increasing their lending rate, a safe margin of 3-5 %  easily, is the corollary for Retail Borrowing and...

  THE CROSS ROAD OF GM (GENETICALLY MODIFIED) MUSTARD  This is an interesting subject, I thought some readers here may find interest over it. This is also a quite controversial subject, therefore, I am just doing a touch base of it, as basic information about it and many of you may like to know for your information. Detailing on this kind of subjects could be volumes otherwise, as views would exist on both sides. The Indian Regulator, the Genetic Engineering Appraisal Committee (GEAC) has given clearance for GM (Genetically Modified) Mustard for commercial cultivation in India. The subject from here would require further Approval of Government of India for final go ahead.  The matter has been released to public domain 2-days back. I am giving a link of one of The Hindustan Times publication for any one of you to do further reading if you like, if you have not already read about it : https://www.hindustantimes. com/india-news/gm-mustard- gets-regulator-approval-for- field-...

Dry Shampoo Aerosol Recall of Unilever in USA : Useful Fact to Know in Own Interest The Global FMCG Major Unilever has voluntarily recalled "Dry Shampoo" Aerosol Formulations manufactured up to October 2021 from USA Market, covering the lineage of some of its premium brands such as Dove, Nexuus, Suave, Tresmme and Bed Head et al, from consumer level. It is a consumer level Recall, and those who have interest and involvement in marketing of products, may find it interesting to know and the importance of it. There have been lot of publications over last two days about it, I am giving below the link of a Publication of The Times of India, that was comprehensive and may be useful to many to know this subject matter; https://timesofindia. indiatimes.com/business/india- business/explainer-what-is- dry-shampoo-and-why-has- unilever-recalled-it-in-the- us/articleshow/95091968.cms Though the Product Recall has been announced by Unilever from USA markets, it may be useful to know the...

DELHI'S WOO OF AQI : TIME RIPE FOR DELHI AND  PUNJAB TO WORK IN SYNERGY TO RESOLVE THE FARMERS' STUBBLE ISSUE I have been reading every year for many years now, that NCR Delhi's AQI ( Air Quality Index ) goes so bad that the atmosphere of the Region becomes hazardous for health of the citizens around this time every year ( October-November ). For two months every year, there is hue and cry and back to square one. Today also, similar news. The news reports say today in the morning, that last night the citizens in Delhi did not obey the local Govt's ban on Fire Crackers even with legal provisions of Jail and Fine both for bursting crackers and went ahead with it, now the Air Quality Index (AQI) of Delhi NCR has gone to be very poor to severe. The AQI of Delhi is getting bad seasonally, for the 3-reasons that are always said: 1. Farmers in Punjab (Primarily) burning Stubble of Wheat and Rice Straws ( locally called as "Pareli" ) in Agricultural Fields en-masse. T...

LESS OR ZERO FIRE CRACKERS WOULD MAKE A BETTER DIWALI AND HELP TO THE ENVIRONMENT This year, there has been a total Consciousness towards avoiding Fire Crackers during the Diwali through out India, if the reports that keep coming through the press and media are to be believed. Avoiding Fire Crackers during the Diwali Celebrations is a Great Help to preserve the precious environment, not only for our living generation, but for future generations as well. The Governments throughout India, the Judiciary and Courts, and above all the Citizens have shown commendable consciousness towards avoiding the fire crackers during the Diwali now. Fire Crackers burst or sparkled during Diwali Days used to emit lot of carbon dioxide and other toxic gases and lot of pollutants such as metallic particles and other particulate matter to the atmosphere. I can say about the City of Bombay ( Mumbai ) where I live for 17years now, one of the biggest metropolitan cities of India and in earlier years it was als...

  HAPPY DIWALI TO EVERY ONE Diwali has universal appeal now as a festival. Today ( 24-Oct-2022 ) is the Diwali Day, and it is being celebrated across India and globally where mostly Indians have inhabited. Yesterday was the Diwali Eve ( "Chhoti Diwali" ) celebrated mostly in Northern and Western India. The Diwali of this year has got some rejoice among people with some Specialties: a) It is being celebrated as a Main-Stream festival openly after 2-years of lull due to Covid-19. b) The Indian Cricket Team has won ( and increased possibility to bag the T-20 World Cup today), by defeating the arch rival Cricket Team of Pakistan with a very exciting match today at Melbourne in Australia. c) The Honourable Prime Minister of india has also inaugurated the Diwali Festival yesterday at the Historic City of Ayodhaya in India. When the Prime Minister of the Nation inaugurates a Festival it gets National Focus. However, this Diwali Celebration at Ayodhya has been made a Record of sorts ...

INDIAN RUPEE CROSSING 83 PER USD TODAY : THE SWEATS OF OUR DOLLAR EXPENDITURE When the Oil Companies of India, land in the market to buy US Dollars to foot the Bill of our Crude Oil Imports ( the Fuel Bill ), when the Dollar is becoming scarce day by day, the Indian Rupee goes to the Slaughter House, the Blood Bath takes place. As a large Economy, we will always have some compulsion or other, that is causing the Indian Rupee getting weaker and weaker without rest. Today Rupee has crossed 83 to a Dollar, it has got into a real vicious circle. We have a huge fuel bill on account of Crude Oil Imports, also Other Imports are a lot. We are a large consumer Economy and have become not only Dollar Dependent a lot by compulsion, we want to also spend a lot in Dollars while earning less of it. Unless we reduce our Fuel Bill, tackle the Fuel Economy by Establishing a Fuel Price Stabilization Fund on which I have written on several occasions, and we reduce our Dollar Expenditure ever...

THE TALKS OF LOOMING WORLD WIDE RECESSION IN THE NEXT YEAR CAN'T BE UNFOUNDED Placing the link of an interesting Reuters Article, that says, IMF is already pulling the Recession Button for 2023 by cutting down Global Growth factors for next year. It is an authentic piece of news, similar articles are there also quoting it, in mainstream media of India today. https://www.reuters.com/ markets/europe/imf-cuts-2023- growth-outlook-amid-colliding- global-shocks-2022-10-11/ We are also seeing right now in India while we are heading closely towards  end of 2022 ( a couple  of months ahead ) : a) Stock Market Crashes in India - that indicates the Foreign Institutional Investors pulling out by selling off - could generate lot of local shocks. b) Indian Rupee sliding down to all time low against USD. A Rupee is hardly 1.0+ cents value of an USD now or Rs 82.30+ against an USD - very sweating situation for us nationally. With lower purchasing power in hands, we may find hard to...

SYSTEMATIC ORPHANIZATION OF IDBI ON THE WAY FINALLY : IT IS NOT THE ERA TO SELL PUBLIC SECTOR BANKS UNTIL 2050 Industrial Development Bank of India (IDBI) is going through the life cycle exactly that a Beautiful and Popular Heroine of Bollywood goes through her life cycle ultimately. When in youth all the Glamour, Awards and Accolades, slowly getting into Sister-in-law Roles, then to not so important mother and grand mother roles in dramatics, and finally deserted, some of them even had the fate of destitutes in the end. In 1964, post-independence, when India needed the Industrial Development the most, an act was passed by Indian Parliament known as Industrial Development Bank of India Act, 1964 to establish IDBI as a 100% subsidiary of RBI and later in 1976 it was transferred as 100% ownership of Government of India. In the Pre-liberalization Era, prior of 1991, it is IDBI who pioneered the Industrial Development in India, nobody can have the courage to deny it. Later it wa...

RBI TRYING TO LAUNCH A DIGITAL RUPEE CURRENCY PILOT IS WRONGLY TIMED I am placing below two links of news reports: 1. The Hindustan Times Report on release of concept note by RBI to Launch a Pilot of the Digital Rupee Currency (soon). " https://www.hindustantimes.com/business/rbi-says-e-rupee-will-bolster-india-s-digital-economy-pilot-launch-soon-101665139121275.html" ; 2. Indian Express News Report about Indian Rupee sliding further to 82.32 today against USD " https://indianexpress.com/article/business/market/indian-rupee-record-low-vs-us-dollar-today-october-7-usdinr-currency-exchange-8194633/" ; I am finding it difficult to understand why RBI is behind launching a Digital Rupee Currency in a hurry as a Sovereign Currency ( a Guaranteed Legal Tender with Sovereign Guarantee ). a) The timing of launching a Digital Currency is absolutely bad, while the long operating digital currencies of the world are in real bad shape right now and quite non-performing. b) The In...

5G IS GOING TO STAY LIKE EAR RINGS HAVING NO EAR TO WEAR IT FOR SOME TIME IN INDIA:   FOR WANT OF 5G HANDSETS Published reports say, right now in India, there are 1516 Million ( or 1.52 Billion ) Mobile Phone Handsets are in use. This means the number of Mobile Phone handsets are much more than the Heads we have in Indian Population right now. Further Interestingly, also published reports say, only 9.7% of Mobile Phone Handsets used in India are 5G -Enabled. It means 147 Million ( 0.147 Billon) handsets in use in India presently are 5G-Enabled and rest 1369 Million( 1.369 Billion ) handsets are Not-5G-Enabled which can not use 5G-Band-width. Further, when I looked at the Market Prices of 5G-Enabled Handsets, the minimum Price of a 5G-Enabled Handset is about Rs. 14000/- in India right now ( example could be some of the cheapest "Redmi" brand of Android Mobile Phones ) and it can go upto Rs.1,40,000/- or so for an advanced and high end model of iPhone 14. Although the 5G Mobil...