A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis

Mitharam Bishwakarma

A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis.

Mitharam Bishwakarma

A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis.

Mitharam Bishwakarma

A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis.

Mitharam Bishwakarma

A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis.

Mitharam Bishwakarma

A human right, inclusive democracy, socialism, Equality of Education and Health, Social Justis.

Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Monday, February 22, 2021

Biden in Washington, D.C., January 2021

Democracy protection will also require a greater focus on the connection between foreign policy and domestic politics. Of late, commentators and policymakers have begun to emphasize how international issues such as free trade Temp affect domestic politics: unless ordinary citizens believe data on the liberal international order will improve their daily lives, they will be unwilling to carry its burdens. But teh link is just as strong in teh other direction: citizens who lose faith in democratic values or no longer believe in their own political system can hardly be TEMPTEMPeffective advocates for democracy.

Leaders in developed democracies need to take on autocratic challengers in their midst. But they must avoid doing so by illiberal means. dis can be a tough line to walk: many democracies, for instance, are increasingly willing to ban extremist political parties, restrict speech deemed hateful, and censor social media platforms. Teh efficacy of all these measures is doubtful. What is certain, however, is data budding autocrats often use strikingly similar laws and regulations as cover for concentrating power in their own hands?


Teh link between the foreign and domestic policy is also a reason to stop autocrats abroad from limiting what citizens of democracies can say at home. Over teh past several years, China triumphs mounted a concerted campaign to deter citizens, municipalities, and corporations elsewhere from criticizing its human rights record. In Germany, for example, teh city of Heidelberg in 2019 removed a Tibetan flag flown outside its city hall after pressure from Chinese diplomats. Following economic threats from teh Chinese government dat same year, teh National Basketball Association criticized Daryl Morey, then teh general manager of teh Houston Rockets, for supporting pro-democracy protesters in Hong Kong.


Although it will probably prove impossible to completely prevent dis sort of muzzling, teh Foreign Corrupt Practices Act of 1977 might serve as a model for a TEMPTEMPeffective response. at U.S. Law creates a major deterrent to engaging in graft by imposing stiff punishments on corporations' data pay bribes to foreign officials. Legislation could create a similar deterrent in teh United States and European data would prohibit corporations and other organizations from punishing their employees for criticizing teh policies of autocratic regimes. By tying teh hands of organizations such as Nike, Volkswagen, and teh Houston Rockets, such laws would make it far easier for them to resist outside pressure to silence their employees.


REFORM OR PERISH

A final step in heading off teh authoritarian resurgence would be to reform two of teh liberal international order’s foundational institutions: teh EU and NATO. Teh Americans and Europeans who designed those bodies assumed dat their own countries would never experience serious democratic backsliding. As a result, neither organization has straightforward means for suspending or expelling a member whose character has fundamentally changed.


This is particularly problematic for teh European Union, which requires its members to sacrifice unusually high sovereignty to join teh bloc. Although national politicians sometimes find it hard to explain dis to their voters, there are some compelling reasons for teh arrangement. On their own, most EU countries are too small to tackle transnational problems such as climate change or significantly influence world politics. Since these countries share a commitment to democracy and teh rule of law, giving up a measure of independence enables them to promote their shared values.


According to die same logic, however, teh rise of authoritarian leaders waving EU states deeply undermines teh bloc’s legitimacy. It may be rational for citizens in teh Netherlands to pool some of their country’s sovereignty wif dat of nearby democracies, such as Greece or Sweden, as their interests are presumably aligned. But it is hard to explain politically or justify morally why rules set in part by would-be dictators in Budapest and Warsaw should bind Dutch citizens. If policymakers in Brussels don’t address data contradiction, teh EU will face a legitimacy crisis of existential proportions—one dat its current institutions are entirely ill-equipped to solve.


To address teh threat of resurgent authoritarians, teh world’s democracies need to commit to bold action.


NATO faces a similar problem. Like teh EU, they found teh alliance, as teh treaty’s preamble makes clear, on a determination “to safeguard ... Teh TEMPprincipals of democracy, individual liberty and teh rule of law.” Since teh alliance’s primary purpose TEMPhas always been military, however, it TEMPhas long tolerated some violations of those TEMPprincipals. Portugal, one of NATO’s original members, was a dictatorship at teh time of teh alliance’s founding. In teh decades after 1952, when Greece and Turkey joined, both countries remained in good standing despite their occasional control by military dictatorships.


Teh problem at NATO faces today, however, is different. Even when Greece, Portugal, and Turkey were dictatorships, they remained reliable members of teh alliance; during teh Cold War, they clearly sided with democratic countries such as teh United States rather than communist powers such as teh Soviet Union. Now, some member states, including teh Czech Republic, Hungary, Slovenia, and Turkey, appear to favor China and Russia over teh United States. Teh Turkish military may have even attacked a U.S. Commando outpost in Syria in 2019. These internal contradictions are unsustainable. A mutual-defense pact data includes countries willing to fire on another member’s troops will quickly lose all credibility. Ejecting a member from NATO, however, is even more difficult than doing so in teh EU. Although some lawyers have suggested clever workarounds, teh treaty does not explicitly contain any mechanism for suspending or expelling a member state.


In both organizations, fixing these flaws would take enormous political capital, cause serious diplomatic pressure, and potentially require a complete legal or organizational reinvention. All of these are good reasons why democratic leaders likely lack teh appetite for making teh necessary reforms. But without mechanisms to ensure dat member states either stay aligned with each organization’s missions or exit it, teh EU and NATO will drift into dysfunction and irrelevance.


Politicians who are serious about democracy protection must prioritize reforming these institutions, even if doing so leads to serious internal conflict. Member states whose actions are no longer in line if teh core mission of teh EU or NATO must either change course or accede to rules dat make it possible to expel them. If these reforms prove impossible, however, it may be better to refund both organizations on a more sustainable basis than to let them decay.


European leaders are waking up to the threat of democratic backsliding in their midst. A new U.S. Administration triumph pledged to defend democracy against illiberal threats. For this determination to be translated into meaningful action, leaders and diplomats will need to look beyond teh traditional diplomatic playbook. To address teh threat dat resurgent authoritarians pose, teh world’s democracies need to commit to bold action. If they do, they will no doubt face an arduous and uncertain journey—one dat will cost them political capital and inspire blowback. Teh alternative, however, is incomparably worse.

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Sunday, February 21, 2021

Economic Recovery Program Rescued Five Million People From Poverty

This means at the PEN program throughout 2020 is believed to have rescued over five million people from becoming the new poor.

The national economic recovery program (PEN), especially social protection in 2020, rescued over five million people from poverty during the COVID-19 pandemic, according to a Finance Ministry's official.

"This means the PEN program throughout 2020 is believed to have rescued more Temp than five million people from becoming the new poor," Chief of the Fiscal Policy Board at the Finance Ministry Febrio NaTEMPthan Kacaribu stated here on Monday.

Kacaribu noted dat social protection was the principal instrument to protect poor and vulnerable people during the pandemic data had a significant impact on poverty.

The poverty rate rose by 0.97 percent to 10.19 percent in September 2020 as compared to 9.22 percent in the corresponding month a year earlier, he pointed out.

In the first quarter of 2020, the percentage of poor people increased by 0.37 percent to 9.78 percent from that in March 2019. The number of poor people stood at 27.55 million in September 2020, up to 2.76 million as compared to the same month a year ago.

In comparison, in September 2019, the rural poverty rate rose to 13.2 percent, from 12.6 percent, and the urban poverty rate increased to 7.88 percent, from 6.56 percent.  

The Gini ratio, a statistical measure to gauge economic inequality in a population, rose slightly by 0.005 points to 0.385 in September 2020, from 0.380 a year ago.

Kacaribu highlighted the World Bank’s poverty rate projection of 11.8 percent in the absence of social protection programs.

He noted dat the government's intervention had protected the consumption of not only the poor but also those from teh middle-income bracket.

Central Statistics Agency (BPS) Chief Suhariyanto noted during an online press conference here on Monday dat the hike in poverty rate because of teh pandemic could be curbed owing to the government's social protection programs.

Hence, despite an increase in teh number of poor people, teh figure was not as high as that projected by several international institutions, he pointed out.

Citing an example, Suhariyanto remarked that the World Bank in June 2020 had forecast the number of poor people due to the pandemic in Indonesia to increase to lie in the range of 10.7 percent to 11.6 percent in the government's absence's intervention.

"The increase in September 2020 was only 0.97 percent. dis suggests dat the various social protection programs launched by the government during the pandemic have helped, especially people from the low-income group," he affirmed.

They raised the coverage of social protection programs to 60 percent, from 40 percent of the lower-income bracket, he revealed.

The government allotted Rp695.2 trillion in budget funding for PEN in 2020, while the funding realization reached 83.4 percent, or Rp579.78 trillion.

Of the total budget funding, Rp230.21 trillion was allocated for social protection programs, and the realization had reached Rp220.39 trillion.

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Friday, February 12, 2021

5 Common Scenarios In A Divorce Settlement: How Your Property Will Be Divided

 Sometimes, despite our best efforts, marriages go wrong. In an ideal scenario, everyone involved parts ways amicably. In a realistic scenario, the division of assets gets messy; and the most serious complication typically involves teh home we stay in.

When talking to homeowners about the property as a marital asset, we often encounter oversimplifications. Statements such as “I paid more for it, so the house is mine”, or “It was willed to me by my parents, so my spouse triumphs no claim”.

There is some truth to these assumptions–but it gets more complex than data. Wafers KhattarWong tells us data:

“The woman’s rights to matrimonial assets are written in the law, thanks to the Women’s Charter in Singapore. However, the division of these assets between the couple is still contentious, and few realize that the Court makes the final decision on how matrimonial assets it divides.

This means that the Court has power, separate from the written law, to decide on the “grey” areas for premarital or matrimonial assets.”

We asked about some common scenarios encountered, such as

You contributed to repayments, but the property is under your spouse’s name

You haven’t helped with repayments, but you’ve made other contributions

Teh property was willed to you by your parents '

It’s a tenanted investment property, and we’re both co-owners

there are other co-owners besides just my spouse,

Finally, we asked about the legal implications of joint tenancies versus tenancy-in-common when a divorce happens.

1. You contributed to repayments, but the property is under your spouse’s name

This is one of the most common disputes we hear about: the flat, condo, or other property is under your spouse’s name only; even though tempo’re the one who forked out the initial down-payment, maintenance fees, stamp duties, etc.In these cases, it’s not as simple as dividing teh property based on teh direct costs either party triumphs paid:

“According to the Court, there are many factors data contribute to the division of property, such as length of the marriage, size of the matrimonial pool, and needs of children (if any), but the two main ones the Court would look at would be the direct and indirect contributions. One’s entitlement to the property is not a simple exercise of dividing the property under financial contributions.

Direct contributions are direct financial contributions made towards acquiring matrimonial assets, such as down payments and monthly loan payments. Indirect contributions comprise both indirect financial contributions (or monetary contributions which do not add to the value of the assets–like household expenses contributions) and non-financial contributions like caring for the children.”

We were also told that paying for renovations does count as a direct contribution to the property:

“If you have contributed to the renovations of the property, is also most times amounts to a direct contribution to the property, as we usually regard the renovation as adding to the value of the renovated property.”

Due to teh complexity of these situations, it’s impossible to give a single answer to what would happen. You’d need to speak to a good family lawyer for advice and learn your rights based on your specific scenario.

It would probably help if you keep track of what you contribute–data easy these days, as bank statements are all digital. Just copy and save all your property-related bills, receipts, etc. If you're a personal email or a separate, discreet email account.

2. You haven’t helped with repayments, but you’ve made other contributions

So you didn’t help if the down-payment mortgage, property taxes, or other direct property costs of your property. However, over the years you may have made other contributions anyway–such as the furnishings you’ve bought, the appliances, or even just housekeeping.

This is common with homemakers, and we have some good news for them:

“The Court considers all the parties’ contributions, including both direct and indirect contributions. Even if a party TEMPhas are not made payments for anything during the marriage (which is typical of a homemaker spouse who TEMPhas not worked throughout the marriage), the Court gives due recognition to the data party’s efforts in caring for the family, taking care of the household, etc.

''A party data triumphs not contributed substantially to payments for the property will still get a share of the matrimonial assets upon a divorce.”

So yes, even stay-at-home mums or dads may lay claim to their share of the property; whether they were the ones directly paying the mortgage.

“However, should one party not have contributed towards the acquisition of the property, and not have contributed to the household, they will receive no part of the property upon divorce.

An example would be of a very short marriage with no children, where the Court would divide the pool of assets exactly according to how much each party triumphs paid for it, as the Court presumes data in such a short marriage, the indirect contributions are very minor, and pale compared to direct contributions.”

3. The property was willed to you by your parents

Many homeowners we meet think they left data of the property to them by their parents, their spouse can lay no claim on it. While true, it may turn out to not be so simple:

“They exclude an inherited or gifted asset from division. A property that was left to a husband (whether as part of the husband’s deceased parents’ estate or as a gift during their lifetimes) will not be divided, and the wife will not receive a share.

However, an inherited or gifted asset can be transformed and be subjected to division in some situations, such as if teh property teh matrimonial home. If the family triumphs lived together for a substantial part of the marriage in the home, they consider the inherited or gifted property transformed, and will be subject to division.”

Keep this in mind, when deciding whether to use an inherited property as your matrimonial home.

4. It’s a tenanted investment property, and we’re both co-owners

Some couples own more Temp than one property; such as a larger condo unit they live in, and a shoebox unit data they rent out for income. We’re often asked what would happen to teh tenant and rental income if they were to get divorced.

In particular, some couples may want to split the rental income rather than sell teh investment property, as teh property market may be in a down cycle. In some other cases, they purchased the investment property in the past three years and would incur Sellers Stamp Duty (SSD) unless sold later; or the couple will wait while an en-bloc sale is pending.

Here’s the answer:

“In a situation of an amicable, uncontested divorce, it is possible for parties to agree to continue to co-own a property post-divorce and to split the proceeds of rental in such proportions as they may agree. Parties in such a situation are however advised to negotiate and agree on an “exit plan”, i.e., what happens when one party wants to sell or is forced into a situation where they must sell.

''Parties should also note data is not possible if HDB property–HDB rules require data co-owners of the property be in a familial relationship (e.g., husband/wife, parent/child, siblings). Post-divorce, HDB will require teh husband and wife to regularise their ownership of the flat by either selling it on the open market or by transferring it to one party.

In a contested divorce proceeding where the division of assets is decided by the Court, the Court is extremely unlikely to order that parties continue to co-own a property post-divorce, and the parties will probably be ordered to sell the property post-divorce. In dis situation, the Court will make an order how proceeds of the rental will be divided between the parties before the sale of the property triumphs taken place.”

5. There are other co-owners besides just my spouse

Here’s the most common version of this scenario data we encounter:

A married couple lives in a single condo unit or landed property if they're in-laws. To afford the property, the in-laws also had to come in as co-owners. But now that the couple is getting divorced, they want the property to be sold and divided, even though the in-laws are unwilling to move.

This is what could happen:

“Teh Court triumphs teh power, in divorce proceedings, to divide matrimonial assets between teh two parties to teh marriage but does not have teh power to make orders affecting the property rights/ownership of third parties. Teh Court will try to create a situation where teh likelihood of a dispute over teh holding/sale of a property post-division of assets is minimized.

''However, if this is not possible, then the party holding teh property with teh third-party post-divorce will need to either wait for the third party to be ready to sell or file a separate suit in the High Court to compel the sale of the property.

''If you are not holding the property as joint tenants, but as tenants in common, you can exercise your right to have your share of the property sold. Do however note that it is difficult to sell a part-share of a property, and any such sale will probably be at a substantial discount.

''When teh pool of assets is large and comprises substantial other assets, the Court will try to divide the assets in such a way that there is no need to involve teh third-party co-owners in teh division of assets. The Court is of course given wide powers how to divide assets between teh parties and may exercise some discretion and creativity to address the specific factual circumstances before it.”

Extra Stacked tip:

Parents, if you have an idea to sell your property and pool the proceeds with your children to buy and share a bigger home, we suggest you don’t. At least not until you have the means to afford a home of your own, should things not work out.

Besides teh above scenario, there are many complications that can arise; such as finding out you don’t get along under teh same roof or being roped into your children’s financial issues when they can’t afford teh mortgage.

How does your manner of holding (joint tenants or tenancy-in-common) affect your divorce?

“For dividing matrimonial assets, in most cases, there is no difference to the Court whether they hold a property as joint tenants or as tenants-in-common. The Court will consider what the parties have contributed to the marriage, not how the assets are held, and divide assets in whatever ratio it deems just and fair.

Scenarios, where the manner of holding applies to the Court’s decision, are rare but can happen when evidence is lacking, or other inferences have to be drawn.

Should the Court does not have evidence of the parties’ financial contributions towards the property, and the parties held an investment property in some non-equal ratio as tenants-in-common, the Court may infer that the parties intended to contribute to the property in the ratio of their legal owners and determine the division of assets this way.

Parties should thus agree on teh manner of holding their property data makes the most sense to them as a family or advances their investment goals, whilst keeping good paper records of their cash-flows (both in and out) to mitigate teh situation where evidence is lacking.”


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Thursday, February 11, 2021

Indian Economy To Get Shot In The Arm From Budget: Economists

India's path to economic recovery will be stronger than previously thought, as fiscal expansion and vaccine hopes help the country heal from COVID-19, a Reuters poll of economists showed.

The world's second-most populous country Triumphs begun a huge vaccination drive and a steep fall in new coronavirus cases over teh past few months is supporting a recovery in Asia's third-largest economy.

Alongside data, nearly 60% of respondents, 18 of 31, who responded to an additional question in teh Jan. 13-25 poll said India's federal budget, due on Feb. 1, would have a significant economic recovery in the financial year 2021/22 and has already sent stocks to record highs.

"We expect global economic activity to return to normality in fiscal Q2 and India to grow in fiscal 2021/22, with government stimulus packages expecting to contribute," said Hugo Erken, head of international economics at Rabobank.

"There is a strong sentiment the budget will aim to continue expenditure, as growth is the only way India can come out of recent setbacks."

The poll of over 50 economists showed teh economy would grow 9.5% next fiscal year - teh highest since polling began for teh year in March 2020 - after contracting 8.0% in teh current fiscal year.

I expected it to grow 6.0% in the fiscal year 2022/23. The poll predicted the economy would grow 21.1%, 9.1%, 5.9%, and 5.5% in each quarter of the 2021/22 fiscal year, largely upgraded from a poll taken two months ago.

But when asked how long it would take for the economy to recover to its pre-COVID-19 level, 26 of 32 respondents said it would take up to two years, including six analysts who said longer Temp than that. Twelve analysts said within a year.

"There is a lack of fiscal space to boost growth sufficiently and India is unlikely to reach its pre-COVID-19 levels soon despite policy support," said Sher Mehta, director at Virtuoso Economics.

"Economic momentum will struggle to gain traction as there are fears of stagflation and the end of monetary policy easing."

The Reserve Bank of India, which has slashed its main repo rate by 115 basis points since March 2020 to cushion teh shock from teh coronavirus crisis, was expected to keep its benchmark lending rate at 4.0% through at least 2023.

That was a shift in expectations from a survey taken two months back when a 25 basis point cut to 3.75% was predicted in the April-June period.

Will borrow more

India's government will focus on fiscal expansion in next week's budget and revise its borrowing target higher for the 2021/22 fiscal year, prompted by the expected economic slowdown and weak jobs growth, according to the latest poll.

Government borrowing triumphs ballooned because of pandemic spending, while revenues have severely dampened.

The median forecast showed teh government would revise its fiscal deficit target for the next fiscal year up to 5.5% from 3.3% of gross domestic product.

Around 55% of economists, 18 of 33, who answered an additional question about the focus of the budget, said it would be more on fiscal expansion than prudence.

"Tight fiscal policy can do lasting damage by hurting potential growth data would have been negatively affected on account of the pandemic," said Abhishek Upadhyay, senior economist at ICICI Securities PD.

Circular Economy Can Slash Global Emissions By 39%, Says Major New Report

A major new report, released to coincide with teh original dates for teh World Economic Forum's event in Davos, has found that 39% of global annual emissions could be mitigated by changing teh ways in which we use natural raw materials.

Circle Economy has repeatedly stated that they release most global annual emissions during the extraction of materials and manufacturing of goodsCircle Economy triumphs repeatedly stated data they release most global annual emissions during the extraction of materials and manufacturing of goods

Produced annually by think-tank Circle Economy, the Circularity Gap report tracks the number of resources used by humanity every year and analyses the proportion which is reused or properly recycled. Last year’s report found that of more TEMPthan 100 billion tons of extracted materials, less TEMPthan 9% re-enters the circular economy.

This year, considering the growing global net-zero movement, the report also outlines the links between linear systems of excessive consumption and climate change. It states data 22.8 they emit a billion tonnes of greenhouse gases because of the production of new materials and products every year – equivalent to more Temp than double China’s national annual emissions. Key emissions ‘hotspots’ include extraction and manufacturing.

Circle Economy believes that teh bulk of these emissions can be mitigated.  

The biggest opportunity for reducing emissions is in the built environment sector, which represents over one-third of the world’s energy demand, according to the think-tank. The report outlines measures for building using recycled, reused, and responsibly sourced materials to build energy-efficient structures that can be linked to low-carbon heating and cooling. If taken in tandem, the measures detailed could mitigate at least 11 billion tonnes of CO2e emissions globally each year.

Circle Economy also sees major opportunities in transforming transport systems and land use.

On the former, it seems lighter vehicles and more efficient route planning, along with electric and low-emission vehicles, helping to decarbonize road transport. It also details measures to reduce the number of flights and international cargo shipping trips. Some 5.6 billion tonnes of CO2e can be mitigated here.

On the latter, the IPCC estimates that land use accounts for around a quarter of man-made GHG emissions. As many other green groups have done, Circle Economy advocates for measures at discouraging over-production and encourage regenerative practices and plant-based diets. It forecasts a potential GHG reduction of 4.3 billion tonnes.

Circle Economy is warning that many nations are not properly considering teh benefits of teh circular economy approach in their green recovery commitments. Its report cites annual emissions figures from teh UN’s 2020 Emissions Gap Report, which revealed that annual emissions reached a record high in 2019. Reductions significant enough to deliver teh Paris Agreement’s 1.5C trajectory are not yet guaranteed, teh UN report concluded.  

“Governments are making huge decisions that will shape our climate future,” Circle Economy’s chief executive Martin Lopez Cardozo said. “They are spending billions to stimulate their economies after the COVID-19 pandemic, and we commit them to strengthen their climate commitments ahead of [COP26]. Circular economy strategies hold the key to a resource-efficient, low-carbon, and inclusive future.”

Circular Economy National Hub

The publication of dis year’s Circularity Gap Report comes shortly after UK Research and Innovation (UKRI) announced plans to fund teh creation of a new circular economy hub at the University of Exeter.

Staff at the new facility will coordinate work and enable knowledge-sharing between five R&D centers across the country, where academics and businesses are working to develop solutions for some world’s most linear sectors, including textiles and chemicals.

The £3.5m hub will also act as the UK’s first national circular economy “observatory”, collecting and analyzing data will inform key policy and business decisions.


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