In most of the countries, every year apropos to the increase in the wages of workers, operational cost, production cost and Government taxation, a small price hike will be there in the major goods and services being offered to the public by the governments and private bodies. This is a normal phenomenon and not inflation. On the other hand, global inflation is merely a swift price rise episode in the goods and services consumed by the public due to an increase in demand and drop in supply for a certain period of time.
However, what the world is going over right now is a "Global Hyperinflation." This is a combination of Cost Push and demand pull inflation which is an abnormal inflation. It is nothing but a peculiar whirlwind price rise in most of the goods and services consumed by the people globally for a certain period of time. This type of hyperinflation will bite every country's primary currency that will eventually end up landing in a global recession. The current global inflation rate is approximately 8.8 per cent at the moment which is the third highest inflation rate in the last 30 years. The first and second global inflation rate was approximately 10.3 per cent and 8.9 per cent in the years 1994 and 2008 respectively.
ROOT CAUSE OF GLOBAL INFLATION
The current global inflation started in early 2020 and has reached its peak right now. While many have given different reasons for the cause of this weird global economic inflation and recession, the months-long curfew in most countries during the COVID-19 pandemic at the beginning of 2020 led to the halt of production of goods and services and disruption in supply chain between the countries. This was followed by the change of regime and economic policies in the US, and then the Russia-Ukraine war.
この記事は Organiser Weekly の January 22, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Organiser Weekly の January 22, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
GOING INTO ELECTION MODE
AS KARNATAKA IS ALL SET FOR LEGISLATIVE ELECTIONS IN MAY THIS YEAR, FACTORS LIKE THE DEMAND FOR RESERVATION, ANTI-INCUMBENCY AND VARIOUS OTHER CONTROVERSIES WILL MAKE THIS ELECTION QUITE INTERESTING
ISLAMIC NATION AT A CROSSROADS
AMID POLITICAL INSTABILITY AND MILITARY INTERVENTION, PAKISTAN IS GRIPPED BY ECONOMIC CRISIS WHICH IS FURTHER DETERIORATING: IT WOULD BE INTERESTING TO WATCH HOW THIS ISLAMIC NATION OVERCOMES THE SITUATION
A GAME-CHANGER FOR INDIAN ECONOMY
THE DISCOVERY OF 5.9 MILLION TONNES OF LITHIUM DEPOSITS IN JAMMU AND KASHMIR WILL CHANGE INDIA’S FORTUNE AND ITS JOURNEY TOWARDS SELF-RELIANCE IN ENERGY. IT WILL ALSO CHANGE THE FACE OF THE COUNTRY’S EV SECTOR
REVIVALISM FOR TRANSFORMATION
SWAMI DAYANAND SARASWATI, A REMARKABLE EDUCATIONIST AND REFORMER, PLAYED A SEMINAL ROLE IN REMOVING ORTHODOXY AND OTHER SOCIAL ILLS PLAGUING THE HINDU SOCIETY. HE ALSO MADE EDUCATION ACCESSIBLE TO ALL
'PM MODI'S POLICIES BEHIND BJP'S ENTRY IN NAGALAND'
The entire North East is witnessing a change since the Modi Government came into office in 2014.
RESOLVE TO RECLAIM OUR TERRITORY
FEBRUARY 22 IS MARKED AS THE SANKALP DIWAS RESOLUTION DAY). IT REMINDS US OF THE RESOLVE THE PEOPLE OF INDIA, THROUGH THEIR REPRESENTATIVES IN PARLIAMENT, TOOK TO RECLAIM THE TERRITORIES THAT WERE OCCUPIED THROUGH AGGRESSION IN 1948
WHAT'S COOKING?
RUSSIAN PRESIDENT VLADIMIR PUTIN IS NOT KNOWN TO OFTEN MEET FOREIGN LEADERS BELOW THE RANK OF HEAD OF GOVERNMENT, EVEN FOREIGN MINISTERS ARE RARELY GIVEN AUDIENCE. SO WHEN HE HAD AN HOUR-LONG TETE-A-TETE WITH INDIA’S NATIONAL SECURITY ADVISOR AJIT DOVAL IN MOSCOW RECENTLY, IT CAUGHT THE WORLD’S ATTENTION
A WAY TO DELIVER JUSTICE
WHEN OUR CONSTITUTION MAKERS PROVIDED RESERVATION BENEFITS TO THE SCHEDULED TRIBES, THEY WANTED TO SAFEGUARD THE TRIBAL POPULATION WHILE ENSURING AMPLE OPPORTUNITIES FOR THEM TO PROGRESS. UNFORTUNATELY, RAMPANT CONVERSION HAS CREATED A SITUATION WHERE THE CONVERTS ARE AVAILING DOUBLE BENEFITS WHEREAS TRIBALS WHO CONTINUE TO MAINTAIN THEIR FAITH ARE DEPRIVED OF THE OPPORTUNITIES MEANT FOR THEM
LEGISLATIVE AND JUDICIAL PERSPECTIVE
THE ISSUE OF DELISTING IS BEING RAISED SINCE MANY DECADES. EVEN ATTEMPTS WERE MADE IN PARLIAMENT FOR CONSTITUTIONAL AMENDMENTS TO DELIVER JUSTICE TO THE TRIBAL COMMUNITY. THIS MATTER IS ALSO BEING HEARD IN VARIOUS COURTS
JUSTICE FOR JANJATI COMMUNITY
THE 'JANJATI GARJANA DELISTING RALLY' WAS ORGANISED IN BHOPAL, MADHYA PRADESH ON 10 FEBRUARY. THE RALLY WAS ATTENDED BY EMINENT PERSONALITIES FROM THE COMMUNITY. NOTABLY, SUCH RALLIES ARE BEING IN ORGANISED CONTINUOUSLY IN STATES WHICH HAVE SIGNIFICANT TRIBAL POPULATION SUCH AS MADHYA PRADESH, CHHATTISGARH, ARUNACHAL PRADESH AND ELSEWHERE IN THE NORTH EAST