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Decades before the IT industry of Hyderabad made it popular, it was one man whose actions towards developing the city and whose wealth put this city on the global map \u2014 Mir Osman Ali Khan Asaf Jah VII, the last Nizam of Hyderabad.<\/p>
In 1937, the Time magazine had him on the cover page as the world\u2019s richest man and the fifth richest man in history, with a total wealth of $2 billion at the time.<\/p>
Mir Osman Ali Khan Bahadur ascended to the throne of the erstwhile Hyderabad State upon the death of his father Mahbub Ali Khan, who was the sixth Nizam. He was one of the five princes under the British Rule, who were entitled to a 21-gun salute, and owing to his support to the British during World War 1, held the title \u2018Faithful Ally of the British Crown\u2019. <\/p>
He was also the only ruler of a princely state with the title \u2018His Exalted Highness\u2019.He was known for his benevolence and for being a patron of education, science and development. His emphasis on education is further reinforced by the fact that 11 per cent of the State budget was devoted to education.<\/p>
This, perhaps, is most evident in the fact that most of the public hospitals, colleges and buildings such as Osmania University, Osmania Hospital, High Court building, Kacheguda Railway Station, Town Hall (Assembly building), Moazzam Jahi Market, and more were built during his reign. It was also during his reign that electricity was introduced and roads and railways were developed in the region.<\/p>
He is also known for the establishment of the Begumpet Airport in 1930, making it one of the first airports in the country. In addition to this, Deccan Airways, established by the Nizam in 1945, was one of the first airways in the country.<\/p>
Despite his vast wealth, which was reportedly 2 per cent of the economy of the USA at the time, he is known to have led a fairly simple personal life, as there are several reports that say he restricted his personal spending to \u00a31 a day.<\/p>
After the Indo-Pak partition of 1947, the princely states were given the option of choosing to join either India or Pakistan and it was then that the Nizam refused to join either and instead, wanted his 16 million people and 82,698-square-mile territory to be a separate kingdom within the British Commonwealth. This idea existed till the newly established Indian government sent a division of the Indian Army and a tank brigade in an operation codenamed Operation Polo.<\/p>
Following Operation Polo in September 1948, Major General Syed Ahmed El Edroos, the Commander-in-Chief of the Hyderabad State army, formally surrendered to Major General Joyanto Nath Chaudhuri of the Indian army, and Hyderabad State was integrated into the country of India.<\/p>
Subsequently, Mir Osman Ali Khan became the titular Nizam.<\/p>
With all his honours and titles, the name of the last Nizam reads as \u201cGeneral His Exalted Highness Rustam-i-Dauran, Arustu-i-Zaman, Wal Mamaluk, Asaf Jah VII, Muzaffar ul-Mamaluk, Nizam ul-Mulk, Nizam ud-Daula, Nawab Mir Sir Osman Ali Khan Siddqi Bahadur, Sipah Salar, Fath Jang, Faithful Ally of the British Government, Nizam of Hyderabad and Berar, GCSI, GBE.\u201d<\/p>"}]
Students taking up initiatives is nothing new and in fact, even in these times of a pandemic, students have come forward to help solve problems for the underprivileged. The students associated with the NGO - Street Cause, have now provided lights to a remote tribal village in Khammam.<\/p>
A tribe is not something which can be created out of a thin line. It is small enough to feel personal but at the same time large enough to make a difference. As social animals, we have a \u201cneed to belong\u201d. We might not experience this need very often or even be aware that we have it but it resides within us nonetheless.<\/p>
Even within the time of the pandemic, the students strived hard to ensure the tribal families of Utavaagu in Kamepalli, Khammam district, get safe, sustainable lighting solution for their problem, as that village doesn\u2019t even have basic electricity. <\/p>
Street Cause Eforce, whose aim is eco-friendliness and sustained livelihood came up with the activity of giving solar lights, recognizing the need and importance of light in everyone\u2019s lives. At a cost of Rs. 34000, the initiative, titled Project Kanthi, provided solar street lights to the village, where over 40 families reside. <\/p>
According to Pranav Reddy, one of the students involved in the project, they wanted to have a holistic approach to solving this issue, as he shares, \u201cWe wanted to achieve an eco-friendly, cost-effective and sustainable solution for the village and we went ahead with doing this after we figured out the technical aspects and spoke to the village leaders. Along with me, Maheshwari and Bhargav worked on this project.\u201d<\/p>"},{"type":"img","id":"img-uid-1600154579162","data":"5f606d37b45a0"}]
Tomorrow, I.e. September 10, is world suicide prevention day. While most of 2020 was spent in lockdowns across the world, there has also been a significant rise in depression, anxiety, loneliness and more because of the lockdowns. Added to this, is the fact that the lockdowns saw a massive increase in domestic violence and more. <\/p>
Mental health concerns like depression and anxiety is being seen increasingly in the student community and it has drastically increased as the once-vibrant community has been restricted to homes. In such a scenario, it is important to understand mental health issues and make yourself aware of the same.<\/p>
According to student counsellor and clinical psychologist Radhika Acharya, among the top reasons for suicidal attempts among students is untreated depression. <\/p>
\u201cPeople don\u2019t realise but a suicide attempt or suicidal thoughts in someone are a cry for help. These can happen because of unidentified\/undertreated\/untreated mental health issues, fear of rejection, breakups, lack of support systems, lack of life skills to cope up with issues and more. Also a problem with the student community is that they can\u2019t approach an expert by themselves and parents\u2019 perspectives come into play here as most people have a major stigmatised notion about mental health issues. They also think that their child is blackmailing them about suicide. There are also chances of suicidal thoughts because of family history of suicide,\u201d says Radhika.<\/p>
A majority of the people with suicidal intentions and thoughts show some warning signs, according to Radhika. They might talk about death or suicide, they might be withdrawn, they might be pessimistic about issues and they might also feel their friends and family are suffering because of them. In that scenario, it is imperative for people around to notice these signs and realise that the person around them might be suicidal.<\/p>
The suicidal person might also engage in reckless behaviour, experience extreme mood swings, experience rage and revengeful thoughts in addition to sleep issues. Another threat factor is that the internet is a resource for finding methods of suicide. <\/p>
If you spot these signs in your friend or family member, according to Radhika, you should ensure you let the person know that you are there for them and let them know that you will work along with them to find a solution. Make the person realise that their suicidal feeling is a temporary emotion, without trivialising their problem, and let them know that they should consider not acting on that emotion. Ensure you are just a phone-call away and you are there for them.<\/p>
Be alert, save a life.<\/p>"},{"type":"txt","id":"rich_1599640194968","data":"
Cover pic source <\/a><\/p>"}]
Anurag University is one of the best universities in Telangana, with over 20 years of excellence in education. From undergraduate to doctoral levels in Engineering, Pharmacy and Management, it is a university that fosters and nurtures talent to ensure the students reach the pinnacle of success. <\/p>
It is also one of the few universities in Telangana that is implementing the new education policy, the NEP 2020. Through that, the university offers a multi-disciplinary option of education, as they can completely design their own curriculum without any directives from JNTU and AICTE, unlike other affiliated and autonomous institutions.<\/p>
Located in Hyderabad, it is an institution dedicated to building a generation that is more capable and more competent, offeringoffers 14 Undergraduate, 13 Postgraduate and 9 Doctoral programs in the areas listed above. <\/p>
To enable a direct admission into the university for +2 or Intermediate passed students, the university is conducting Anurag CET on September 19, 2020. Registration for the exam is free and the exam will be conducted online. The registrations are open till September 17, 2020. So if you are someone who is looking for an admission in B.Tech in the university, apply now!<\/p>"},{"type":"img","id":"img-uid-1599548253231","data":"5f572a9e4e840"},{"type":"txt","id":"rich_1599548253232","data":"
Register now at: http:\/\/anurag.edu.in\/AnuragCET2020\/ <\/a><\/p>Your performance in the test will enable you to get up to 100% waiver on tuition fees!<\/p>Scholarship details: <\/p>100% scholarships for 1-10 ranks<\/p>50% scholarships for 11-25 ranks<\/p>25% scholarship for 26-50 ranks<\/p>"}]
Your performance in the test will enable you to get up to 100% waiver on tuition fees!<\/p>
Scholarship details: <\/p>
100% scholarships for 1-10 ranks<\/p>
50% scholarships for 11-25 ranks<\/p>
25% scholarship for 26-50 ranks<\/p>"}]
The new education system was introduced on 29 July 2020 by union cabinet of India. This was the replacement for the national policy of education , 1986. This system is aiming for 2040 golden generation. In January 2015, a committee under former Cabinet Secretary T. S. R. Subramanian started the consultation process for the New Education Policy. Based on the committee report, in June 2017, the draft NEP was submitted in 2019 by a panel led by former Indian Space Research Organisation (ISRO) chief Krishnaswamy Kasturirangan. The Draft New Education Policy (DNEP) 2019, was later released by Ministry of Human Resource Development, followed by a number of public consultations.<\/p>"},{"type":"txt","id":"rich_1599296910182","data":"
As going into briefly---- The center has said that the medium of instruction till grade 5 and preferably till 8 are going to be within the local language. However, it's unclear if this may be imposed on private English-medium schools also . The 10+2 system are going to be divided into 5+3+3+4 format. this suggests the primary five years of the varsity will comprise the inspiration stage including three years of pre-primary school and sophistication es 1 and class 2. The next three years are going to be divided into a preparatory stage from classes 3 to five . Later three years of middle stage (classes 6 to 8), and 4 years of secondary stage (classes 9 to 12).<\/p>"},{"type":"txt","id":"rich_1599296910183","data":"
Schools won't have any rigid formation of streams of arts, commerce, science, and students can take up whichever courses they need . Report cards are going to be a comprehensive report on skills and capabilities, rather than just marks and statements. Vocational courses shall be introduced from Class 6 on wards.<\/p>"},{"type":"txt","id":"rich_1599296910184","data":"
Prince Gajendrababu, general secretary, State Platform for Common establishment acknowledged that while children living in urban elite areas may find a replacement hobby in these vocational courses, kids from rural areas, many of whose parents follow these professions, are going to be entrapped in these jobs. \"The same way a singer\u2019s child may devour singing, a farmer\u2019s child may devour those skills from home. In an aspiration to interrupt the vicious circle of poverty, they send their children to high school to accumulate new skills to follow a special profession. It seems the govt wants people to continue being within the same level without significant social mobility,\u201d he said.<\/p>"},{"type":"txt","id":"rich_1599296910185","data":"
Higher Education :<\/i><\/p>
Major reforms in education include a target of fifty per cent gross enrollment ratio by 2035 and provision for multiple entry and exit. there'll be a standard entrance examination conducted by the National Testing Agency (NTA) for admission to universities and better education institutions.\n\nAll education institutions, except legal and medical colleges, are going to be governed by one regulator. Gajendrababu charged that this might reduce State\u2019s involvement in education and impose Center's instead.<\/i><\/p>"},{"type":"txt","id":"rich_1599296910186","data":"
All education working under a self-disclosure based transparent system for approvals in site of various inspections. This has caused fear if private institutions may enjoys evil . \u201cOnly if complete transparency is ensured within the process and consequences are enforced, will this work. Despite physical inspections, colleges fudge many figures including the faculty-student ratio, teachers\u2019 salary and costs collected,\u201d said KM Karthik, founding father of All India Private College Employees\u2019 Association.<\/p>"},{"type":"img","id":"img-uid-1599296910192","data":"5f535b25b7866"},{"type":"txt","id":"rich_1599296910187","data":"
\u201cThe much awaited NEP now stands on strong foundational pillars. The super structure must be built through statutory or regulatory interventions during a calibrated and accelerated manner,\u201d said Vaidya Subramaniam, the Dean of SASTRA.\n\nE-courses are going to be developed in regional languages and virtual labs are going to be developed and a National Educational Technology Forum (NETF) is being created. The p[policy aims for public investment within the education sector to succeed in 6 per cent of the GDP at the earliest. The Union Human Resources Development Ministry will now be referred to as Education Ministry.<\/p>"}]
A good teacher is someone who spots a talent before the talented person becomes successful and nurtures that talent till the person reaches pinnacle of success. The same way, stuMagz has always been the first to recognise a talented youngster, who later reached heights in their respective avenues. This teacher\u2019s day, here\u2019s a look at three successful people whose talent was spotted by stuMagz right when they were students, before they entered the film industry.<\/p>"},{"type":"txt","id":"rich_1599295369797","data":"
Roopa Koduvayur<\/a> <\/b>was an MBBS student when stuMagz wrote about her three years ago. She is a trained Kuchipudi and Bharatanatyam dancer in addition to being a doctor. Having been trained in both Bharatanatyam and Kuchipudi by Ghantasala Pavan Kumar, from a tender age of 5, she is now an expert in both dance forms and it's that expertise attained over a decade and a half of constant practice, that enabled her to make it big as a performer and she recently made her film debut in the film Uma Maheswara Ugra Roopasya.<\/p>"},{"type":"txt","id":"rich_1599295369799","data":"Ankith Koyya<\/a> was an aspiring actor and a student of GITAM university when stuMagz first wrote about him. Having started off with his university\u2019s drama club - Faces, Ankith later acted in several advertisements, short films, won the SIIMA award for his role in a short film and more, before landing a role in Majili and in the recently released Johar. Ankith will surely reach much greater heights in the years to come. <\/p>"},{"type":"txt","id":"rich_1599295369800","data":"Sandilya Pisapati<\/a> is a violinist and also the winner of Telangana Got Talent, an initiative of stuMagz. While he was a student of CVSR college, he started performing for big films like Bahubali, Katamarayudu and most recently, he also performed for Ala Vaikunthapuram Lo in addition to having done several other films. Sandilya is one musician to watch out for! <\/p>"}]
Ankith Koyya<\/a> was an aspiring actor and a student of GITAM university when stuMagz first wrote about him. Having started off with his university\u2019s drama club - Faces, Ankith later acted in several advertisements, short films, won the SIIMA award for his role in a short film and more, before landing a role in Majili and in the recently released Johar. Ankith will surely reach much greater heights in the years to come. <\/p>"},{"type":"txt","id":"rich_1599295369800","data":"Sandilya Pisapati<\/a> is a violinist and also the winner of Telangana Got Talent, an initiative of stuMagz. While he was a student of CVSR college, he started performing for big films like Bahubali, Katamarayudu and most recently, he also performed for Ala Vaikunthapuram Lo in addition to having done several other films. Sandilya is one musician to watch out for! <\/p>"}]
Sandilya Pisapati<\/a> is a violinist and also the winner of Telangana Got Talent, an initiative of stuMagz. While he was a student of CVSR college, he started performing for big films like Bahubali, Katamarayudu and most recently, he also performed for Ala Vaikunthapuram Lo in addition to having done several other films. Sandilya is one musician to watch out for! <\/p>"}]
I wrote about my covid story in part 1<\/a> and in part 2<\/a> earlier and it was about how I dealt with covid with also instructions and tips on how to handle the disease if it hits you personally or anyone you know. In the last two months that I have been actively involved in combating the disease, I have come across several instances which were problematic because of the misinformation that people acquired through forwarded messages and what not.<\/p>This Teacher\u2019s Day, I want to talk about the importance of educating yourselves and educating others on the myths and facts of COVID and also about the misinformation.<\/p>I\u2019ll first talk about an instance where even I had misinformation. A high resolution CT Scan (HRCT) of the chest is one of the tests that are being done to test for COVID. I saw tens of reports (including my family) and I was under the impression that if the words \u201cground glass opacity\u201d are seen in the report, then it is COVID for sure. I later found out that the ground glass opacity can be seen in a person\u2019s lung imaging tests for various other lung diseases too. The minute I found this out, I realised how misinformed I was and that I may have given someone wrong advice or put someone in a panic mode because I came to a conclusion based on what I thought. <\/p>This made me realise the importance of seeking information from multiple medical sources and doing my own research rather than blindly coming to assumptions based on a couple of instances.<\/p>Another thing that I wanted to talk about is the stigma that is being created around COVID because of misinformation. In many residential areas, localities are stigmatising a house if someone tests positive for covid. It is very important to educate yourself on how exactly the disease spreads and if you know someone who is covid positive in your neighbourhood, ensure you contact them and render them any assistance that they might require. If you take precautions, you can help them safely. If someone is stigmatising, stop them and educate them.<\/p>Another example of misinformation related to covid is that O+ plasma is rare and as a result, it is being sold for lakhs on the black market. I later found out that if someone has O blood type, they can receive plasma from any blood type. I still have to find out more about this and if you have any material or links to this information, please drop it in the comments below.<\/p>This teacher\u2019s day, educate yourself and educate others.<\/p>"}]
This Teacher\u2019s Day, I want to talk about the importance of educating yourselves and educating others on the myths and facts of COVID and also about the misinformation.<\/p>
I\u2019ll first talk about an instance where even I had misinformation. A high resolution CT Scan (HRCT) of the chest is one of the tests that are being done to test for COVID. I saw tens of reports (including my family) and I was under the impression that if the words \u201cground glass opacity\u201d are seen in the report, then it is COVID for sure. I later found out that the ground glass opacity can be seen in a person\u2019s lung imaging tests for various other lung diseases too. The minute I found this out, I realised how misinformed I was and that I may have given someone wrong advice or put someone in a panic mode because I came to a conclusion based on what I thought. <\/p>
This made me realise the importance of seeking information from multiple medical sources and doing my own research rather than blindly coming to assumptions based on a couple of instances.<\/p>
Another thing that I wanted to talk about is the stigma that is being created around COVID because of misinformation. In many residential areas, localities are stigmatising a house if someone tests positive for covid. It is very important to educate yourself on how exactly the disease spreads and if you know someone who is covid positive in your neighbourhood, ensure you contact them and render them any assistance that they might require. If you take precautions, you can help them safely. If someone is stigmatising, stop them and educate them.<\/p>
Another example of misinformation related to covid is that O+ plasma is rare and as a result, it is being sold for lakhs on the black market. I later found out that if someone has O blood type, they can receive plasma from any blood type. I still have to find out more about this and if you have any material or links to this information, please drop it in the comments below.<\/p>
This teacher\u2019s day, educate yourself and educate others.<\/p>"}]
Startups have immensely contributed in giving innovative solutions in this pandemic and it is time to encourage them the most.<\/p>
The Entrepreneur Zone (TEZ - a Startup Accelerator) in association with Technology Incubators in University of Hyderabad invites applications for its Online Startup Launcher Program (SLP). <\/p>
The program, which runs over 3-months, is designed as a combination of online weekend mentorship sessions and startup consultancy\/incubation\/support services to help the budding entrepreneurs to launch & scale. <\/p>
The program covers - Idea Assessment & Market Validation, Customer Discovery, Business Modelling, Product development- MVP, Technology Integration, Regulatory Compliances, Go-To-Market Strategy, Finance & Funding, Business Plan & Pitch Deck, Communication & Networking. <\/p>
Eminent Entrepreneurs\/Investors\/Industrialists will mentor the aspiring entrepreneurs through experiential learning. <\/p>
With no age limit, anyone aspiring to start or scale - Students\/Researchers\/Innovator, SMEs, Professionals, Techies, Family businesses, Consultants, etc, can apply for the program, which will assist them to transform their ideas\/research\/innovation\/expertise into a viable business. <\/p>
Selection will be on the basis of the business idea presented. <\/p>
The last date for applying is 20th September, 2020, and the program is starting 03 October to 19 December, 2020. <\/p>
Interested people can apply online on www.tez.co.in by clicking on the Startup Launcher program or by emailing at info@tez.co.in or call 7660857600.<\/p>"}]
Wanna attend this Mobinar for free? Become stuMagz VIP member and attend this Mobinar and more for free!<\/p>
As writing is the primary way that students can utilize stuMagz and because writing skills are extremely crucial for students irrespective of what they're pursuing, we aim to build writing skills among students. <\/p>
The stuMagz writing mobinar aims to give students a crash-course of sorts on what it takes to write efficiently, in an impactful manner. In this mobinar, an ex-journalist with almost a decade of experience in media will speak on the nuances of writing, dos, and don'ts of writing, why every student should develop writing skills and more. <\/p>
The mobinar will also glance upon what it takes to write an effective Statement of Purpose (SOP), for students applying for higher studies in universities abroad, as this SOP is one of the primary requirements in a university application. In addition to talking about how to be a content writer. <\/p>
Date: September 19, 2020, at 4 PM.<\/p>
Note: If You are VIP Member please login to the app,<\/p>
Step 1: Click on Mobinars section in app<\/p>
Step 2: Select \"Content Writing Mobinar\"<\/p>
Step 3: Purchase the Free Coupon<\/p>
Step4: Apply the coupon while booking.<\/p>"}]
From March 2020 till COVID hit my family, I was not worried about it neither was I under the impression that it can hit my home and destroy my family as we knew it. If you are reading this, you are most likely under the same impression that it won\u2019t hit your family and you need not worry about it and it was this callousness (despite taking certain precautions) that cost us a life.<\/p>
Around the first week of July, people in my house started falling sick one after the other, within a gap of 2-3 days and the symptoms were that of a viral fever and we assumed it was just that because the monsoon season had just started and viral fever and flu are common in this time. We didn\u2019t bother following any isolation protocol neither did we bother getting the family members tested and we were taking the basic medication that anyone would for a seasonal fever.<\/p>
A couple of days later, my family doctor (who has been treating COVID victims since March) told us to not take any chances and get ourselves tested. We were able to arrange for home-testing (which I later realised that it isn\u2019t accessible to many) and it turned out that I was the only member in the family who was negative. Till that moment, I was sitting next to my father, my uncles and aunts on the dining table and eating and having usual conversations but in that moment, it hit me that I have to take extra care because I was the only negative-tested person in the family and if there was any emergency, I was the one who was supposed to handle it.<\/p>
Luckily for us, our house was thoroughly equipped with nebulisers, steroids, pulseoximeters, etc because my father and my uncle had existing lung issues and they needed those.<\/p>
I live right next-door to my family\u2019s house and from the moment they tested positive, I equipped myself with PPE kits, sanitising sprays, etc to ensure if I had to render my family any assistance, I was protected from the infection and just as I expected, my father and his younger brother started getting sicker as their existing lung issues were triggered by COVID. Others in the family were very weak and sick but these two were affected the most.<\/p>
During that time, we faced a little bit of stigma from the neighbours but we were able to handle it and it was also during that time that I realised that one has to be very practical about this disease and you should not let emotions come in the way of doing what has to be done. I stopped visiting my family unless it was absolutely necessary, as in if I had to give an injection to a family member as instructed by our doctor. Here, me knowing how to give injections helped a lot as I was able to give my dad and uncle SOS injections and in that time, I was wearing a full PPE to go into the house for just a couple of minutes and I used to disinfect myself thoroughly after discarding the PPE. <\/p>
Then came a situation when my uncle\u2019s oxygen saturation level was dropping dangerously and we had to scramble around to get an oxygen cylinder and we managed to do so.<\/p>
A couple of days later, his situation worsened so badly that he had to be shifted to the hospital immediately and we had a great difficulty in getting a bed in a hospital but we did manage to get him admitted. On July 15, 2020. Three days later, I noticed my father\u2019s condition worsening and I ensured he was admitted in the hospital a day before he actually needed it and that, as sad as it sounds, made all the difference, as my uncle passed away due to lung failure on July 22, 2020. My father was discharged from the hospital that very day itself, though he was physically weak.<\/p>
All throughout this time, I was ensuring that I was taking proper care of myself by using every possible piece of protective equipment as I was practically swimming in a house full of Covid and I was walking around an entire hospital with many Covid patients, when my dad was admitted. Also, I was ensuring I was consuming vitamin c with every meal, in the form of orange\/mosambi juices, green tea with lemon and more. One of my cousins was ensuring all of people in my house had proper nutrition as she was cooking and bringing 3 meals a day for all of us.<\/p>
Through all this, I understood that it takes a lot to combat Covid because there might come a situation where you can\u2019t cook food for yourself because you\u2019re too weak and you can\u2019t go out because you have to be quarantined. Please read the previous sentence again and again for it to sink in as to the kind of care you have to take to not get infected.<\/p>
While everyone in the house recovered through home-treatment, the two family members who had existing lung issues had to be hospitalised and one of them succumbed to it. If you are reading this, realise that it is your responsibility to protect your family members from Covid and if anyone in your family has any existing lung problems like Asthma, Bronchitis, etc, ensure they are protected.<\/p>
I will continue in Part 2 as to what has to be done if your family tests positive for Covid and how I have been dealing with many other cases. <\/p>"}]
Corona virus has spread all over the world. The pandemic has pushed the global economy into a recession, which means the economy starts shrinking and growth stops. It damages the system of all the countries. The economy is in decline. There is no doubt that COVID-19 will have a large impact on the Indian economy. India also has suffering a loss. The number of unemployment is increasing day by day. Tradeoff between employment and strict lockdown affects on the economy. The lockdown in India will have a huge impact on the economy, mainly on GDP. India faces a huge decline in government revenues and growth of the income for at least two. The market has been defeated by the COVID-19, nothing in human known history destroyed wealth as the COVID-19 has. Unless in the next few months, a solution like vaccine can prevent the virus but the economy may not to by same again. <\/p>
<\/p>"},{"type":"img","id":"img-uid-1598624140337","data":"5f4911d87585c"},{"type":"txt","id":"rich_1598624140338","data":"
The single largest reason for worry was the economic impact of the lockdown following by the uncertainty around how long this will last. The recovery of the underlying economy will be slow and it will take around 2 years for normalcy to come back across sectors. Also, we can't ignore that the lockdown and pandemic hit several sectors including MSME, hospitality, agriculture and tourism and other sectors. The revised Gross Domestic Product(GDP) estimates for India downwards by 0.2% points for the fiscal year 2020 to 4.8% and by 0.5% for the fiscal year 2021 to 6%.<\/p>
China is the world\u2019s largest exporter and second-largest importer. In imports, the dependence of India on China is huge. India\u2019s total electronic imports account for 45% of China. For automotive parts and fertilizers China\u2019s share in India\u2019s import is more than 25%. Around 65 to 70% of active pharmaceutical ingredients and around 90% of certain mobile phones come from China to India. Therefore, we can say that due to the current outbreak of covid-19 in China, the import dependence on China will have a significant impact on the Indian industry. <\/p>
\nBorrowing the words of former RBI Governor C Rangarajan \u201cGovernment of India must provide lifelines to businesses - extend loans and tax waivers to small businesses and the self-employed to retain staff - give direct support to severely affected industries and provide more funds to states, tax waivers etc.\u201d\n\n <\/p>"}]
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