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Showing posts from July, 2020

India-China : No military weapon used at border since 1975

Despite ceasefires, no weapons have been used at the disputed Sino-Indian border China has built new structures near the border. Recent images from June 22 show China has built new structures near the location of a Himalayan border. New Chinese bunkers, tents, and storage units that weren't previously there in earlier within the month. A fatal clash at the India-China border in the Ladakh area has claimed the lives of 20 Indian and 43 Chinese soldiers on 15 June 2020. Foreign ministers of both the countries have held telephone talks over the deadly border clash, agreeing to "cool down" the tensions. India accuses the "violent face-off" is an attempt by China to "unilaterally change the status quo" on the Galwan Valley frontier in Indian administered Ladakh. China, in turn, accuses the Indian army of "provoking and attacking Chinese personnel, resulting in serious physical confrontation". In this article, we will know the reason for the disuse...

COVID-19 Recession - Using Protectionism to reduce deficit

Protectionism reduces current account deficit COVID-19 Recession : Things get costlier or cheaper ? The COVID — 19 recession, could be a major global recession which arose as an economic consequence of the continued Coronavirus pandemic. Since World War 2, coronavirus pandemic could cause the worst global recession. Most of the countries saw a falling GDP from January to March 2020, because the economic impact of coronavirus began to hit. For April to June official figures haven’t been published yet, but they’re likely to point out even bigger falls, this can mean the second quarter of negative growth, confirming that much of the globe is in recession. In such a situation, what can a government do to beat its economy from such an oversized recession? In this article, we are going to know whether we can use protectionist policies during this recession. Protectionism The practice of following protectionist trade policies is Protectionism. It is an economic policy that is imposed by the g...

Supply side shocks - COVID-19

There have been many consequences because of COVID-19. One such consequence is the disruption in the supply chain. At the start of the pandemic when people, like factory workers got infected they were quarantined and treatment was given. At the first stage when one employee was affected the company allotted additional work to the non-infected factory workers. But after some time since many people got infected the factories were forced to close because of the shortage of labor. Salaries were also not given in the short term and many people were also laid off. This condition was prevalent at the start of the pandemic and is continuing even now in some parts of the world. Since labor is a variable cost in the short term the employers can lay off the employees but they will also incur costs such as capital which are fixed costs in the short term. Some industries were affected even when they had large supply, like the milk industry. A cow gives milk daily and milk supply is almost at the sa...

Penguins contribute to Climate Change

Penguins contribute to climate change The Earth’s average temperature has been keeping on increasing at a rapid pace over the past few decades. A major problem that contributes to the increase in global temperature is the presence of greenhouse gases in the atmosphere. When the Sun’s energy reaches the Earth’s atmosphere, some of it is reflected into space and the rest is absorbed and re-radiated by the greenhouse gases. The absorbed energy warms the atmosphere and therefore the surface of the world. This process maintains the Earth’s temperature at around 33 degrees Celsius warmer than it might rather be, allowing life on Earth to exist. Climate forcing is the change in the balance between radiation coming into the atmosphere and radiation going out. A positive radiative forcing tends on the average to warm the surface of the world, and negative forcing tends on the average to chill the surface. Likely, human activities such as burning fossil fuels, agriculture, and land clearing are ...

Basics and Future of Cricket

The global governing body for cricket is the International Cricket Council (ICC). Cricket is one of the world's most popular sports with an estimated 2.5 billion fans. The global governing body for cricket is the International Cricket Council (ICC). The ICC governs and administers the game and works with its 105 members to grow the sport. Cricket is a bat and ball sport that involves two competing sides of 11 players each. An official Cricket match is played in a grass field, which is oval, with a flat strip of ground at the middle, which is 22 yards long and 10 feet wide. In the game of cricket, this pitch plays a vital role in deciding the fate of the match. Construction of three parallel wooden stakes driven vertically into the ground is present at each end of the pitch, which is known as stumps. At the top, small cross pieces are laid which is known as bails. The objective of cricket is to score more runs than the opponent. Cricket - 2.5 billion fans globally : Basics and Futur...