Skip to main content

Stimulus Package amidst CoVID

The United states of America seems to be the worst affected and now the epicenter of the world as far as COVID Is concerned. More than 2 lakh people have been affected by COVID And more than 3m5 mn people have filed for unemployment benefits from the Government.

That means the United states has to release a much bigger stimulus package this time worth USD 2BN to cater to the needs of all the people who have filed for unemployment benefits as well as for catering to the  needs of small and medium size business owners. The first stimulus package only apparently catered to the Big businesses in the US.
So where is the US Funding and paying for this stimulus package. It is levying more taxes, and at the same time giving tax cuts to corporate spending in the entertainment industry along with food and beverage industry and hospitality sector.
The stock market has now wiped out the losses of 2020 as the citizens of the country have their faith in the Government and the stimulus package it has come forth from time to time. But will this put a strain on th existing debt the US Is already in or will people continue to have faith in the financial system of the country. The currency was still strong and the economy was on an ever expansive mode just before covid happened.Does this mean that the Government will be able to pay back a trillion dollar worth of debt in excess of the existing 25 Trillian Dollar on the treasure bill. Some experts believe that it  can  as they are not really printing more money but finding the stimulus by selling of  corporate bonds
It is said, "if the UNITED States of America sneezes the world gets pneumonia." It is therefore important that this " Great ,"country makes its decisions widely as most currencies of the world are pegged against the US Dollar and it would mean the whole financial system to collapse and only increase the effects of recession if this issue is not dealt with using the smartest minds.

Comments

Popular posts from this blog

Work-Life Balance: Following Your Heart

 Work-Life Balance: Following Your Heart Work-life balance has become a pivotal aspect of modern living, as individuals strive to find equilibrium between their professional commitments and personal well-being. In this pursuit, the concept of "following your heart" holds significant value, suggesting that aligning one's career choices and daily routines with their passions and interests can lead to a more harmonious and fulfilling life. The traditional view of work often emphasized a linear path of climbing the corporate ladder and dedicating long hours to one's job. However, this approach frequently led to burnout, strained relationships, and a general dissatisfaction with life. Recognizing these challenges, a paradigm shift has occurred, with more people recognizing the importance of integrating personal aspirations into their professional journeys. Following your heart, in the context of work-life balance, involves making career decisions that resonate with your tr...

Savings and Subsidies in India

In the recent years the rising inflation has given rise to a number of problems in India including the snatching away of the risk taking ability of able Indians as well as creating a plethora of financial woes. The 14 % Inflation in India is due to the rise of prices of Vegetables. The rise of prices of vegetables is due to extreme seasonal weather.As per the data from NSO there has been an increasing rise of prices even in the core inflation group which  does not include fuel, food and school. Though there have been continuous efforts to bring the inflation levels down  it has been in vain. In todays times, it high time the Government takes immediate measures to increase consumption by not only increasing the rate of interest on fix deposits and other Financial Instruments but also by taking active steps by cutting corporate as well as individual taxes. If we look at the consumption patterns in some Gulf or western countries the consumption pattern has been on an upwa...

Everything is Pink

Watched the movie 🍿 🎬πŸŽ₯🎞️ #Barbie, where “everything is Pink”, and beneath the pink (all things nice πŸ‘ŒπŸ‘Œ) lies the stereotypical Barbie (woman)as the Protagonist,  it showed how in the patriarchal πŸ’‍♂️πŸ‘¬system, women are stereotyped and portrayed πŸŽ¨πŸ–Ό️πŸ’…πŸŽ¨as either one thing or the other, being continuously labelled and judged πŸ‘©‍⚖️πŸ§‘‍⚖️, either known by their profession πŸ‘©‍πŸ­πŸ•΅️‍♀️πŸ‘©‍πŸ’ΌπŸ‘©‍πŸŒΎπŸ‘·‍♀️πŸ‘©‍πŸš€πŸ‘©‍πŸš’πŸ‘©‍🎨, their family name or the role they play in their household 🏠🏑 Masked beneath their roles and gender defined culture lies a real human πŸ™‹‍♀️, a woman with feelings πŸ₯°, a woman with an ambition πŸ†πŸ†, a woman with an identity of her own πŸͺͺπŸ†” Beautifully described through every girls favourite doll 🎎πŸͺ†, the movie Barbie brings out these aspects of womanhood πŸ‘©‍πŸ­πŸ‘©‍πŸ­πŸ‘©‍🌾otherwise swept under the carpet, which largely tend to lose importance in society. It addresses the reality of life where every woman in subject to  πŸ‘§ real world problems and that inclusion an...