Make In India: A success or a failure?

Written by Sagarika Mukhopadhyay

Prime Minister Narendra Modi in the year of 2014 on the month of September launched an initiative that aimed at building India as a global manufacturing hub. This move is expected to encour age both multinationals as well as the domestic companies to invest in India. This move also expects to raise 25% of the GDP on the basis of these companies’ assistance. Moreover, such a move has led to the ushering of new opportunities, promotion of FDI, development of the manufacturing sector, etc. Media outlets have shed a light that this move aims to involve “25 sectors of the economy which range from automobile to Information Technology (IT) & Business Process Management (BPM), the details of each can be viewed on the official site (http://www.makeinindia.com).

Following the launch, investments in the field sky-rocketed as commitments worth crores were announced. By 2015, India was considered as one of the most desirable destinations for FDI, surpassing the USA and China. Not only national but states too introduced their own initiatives in this arena. However, it must be noted that such a transition is not a new one. History will reveal that such modifications regarding factory production have been in place since always. Nonetheless, this initiative put forth an ambitious goal regarding making India a manufacturing hub.

The Government identified targets and put in place n number of policies to achieve this. The three major objectives were:
• An increase in the manufacturing sector’s rate to 12-14% per annum which would immediately increase the sector’s share in the economy
• Creation of million additional manufacturing jobs in the economy by 2022
• Ensure that the manufacturing sector’s contribution to GDP is increased to 25% by 2022 (revised to 2025) from the current 16%.

Nevertheless, it should be noted that such initiatives are usually bound to be a victim of several economic problems and casualness with regards to policies. Governments are often seen invoking that macro-economic problems are the root cause of the failure. Such an argument has also been used by the present Government. M. Suresh Babu writes in The Hindu that the present Government has been often seen to reiterate the point that they have inherited “an economy riddled with macroeconomic problems, and demand more time to set things right.” Moreover, he also points out that “the last five years witnessed slow growth of investment in the economy. This is more so when we consider capital investments in the manufacturing sector. Gross fixed capital formation of the private sector, a measure of aggregate investment, declined to 28.6% of GDP in 2017-18 from 31.3% in 2013-14 (Economic Survey 2018-19).” It should also be mentioned that during this period, the share of the public sector remained the same whereas the share of the private sector decreased almost from 24% to 21%.

It has been revealed that this initiative had two major lacunae:
• A large number of the schemes relied way too much on the FDI and global market for production. This created a problem in the sphere of production as it had to follow the demand system of elsewhere.
• Policy makers overlooked the third deficit of our economy, namely, implementation. M. Suresh Babu explains that “while economists worry mostly about the budget and fiscal deficit, policy implementers need to take into account the implications of implementation deficit in their decisions. The result of such a policy oversight is evident in a large number of stalled projects in India. The spate of policy announcements without having the preparedness to implement them is ‘policy casualness’. ‘Make in India’ has been plagued by a large number of under-prepared initiatives.

But, why did it fail?
Firstly, 12%-14% growth rate is a little too much to match up by the Industrial sector. Such a vision can be over-ambitious. Secondly, the policies devoid of any understanding of the domestic economy brought together several sectors of the economy thereby losing focus on the one it aimed to boost. Thirdly, the rise of trade protectionism and uncertainties of the global economy inevitably led to the failure of this move.

In such a situation, the Government needs to understand policies that do not intend to understand the Industrial sector will obviously not aid such a move. It should also modify its complete reliance on the foreign economy for an economic boost of the nation. Moreover, a quantum jump is very much utopian in nature and a more pragmatic target needs to be set for the success of such a scheme.

26/11: A Nightmare Mumbai Faced

Written by Palak Thakur

It started with attacks that took place in November 2008, when 10 members of Lashkar-e-Taiba, an extremist Islamist terrorist organisation based in Pakistan, carried out 12 coordinated shooting and bombing attacks lasting four days across Mumbai.
The Lashkar-e-Taiba terrorists reached Mumbai on a hijacked fishing trawler from a Pakistani port in Karachi.
The terrorists entered THE TAJ as students so that no one can identify them and stored explosives in one of the hotel’s rooms.
Imagine a heritage, five-star, luxury hotel and this terrorist made it hell in just pinch of seconds.

CHHATRAPATI SHIVAJI TERMINUS

The Chhatrapati Shivaji terminus was one of the sites of the first attack. At around 9.20 p.m. Kasab and another Pakistani terrorist opened indiscriminate fire into the teeming crowds at the station.
A full secured station graded A for its a premium quality that has 300 CCTV camera and 64 of them have video analytics capability. Out of Dadar’s 121 cameras, 35 support video analytics.
After all this security they went inside the terminus fully armed with AK-47 rifles and grenades.
Of the 166 killed in the 26/11 attack, 52 died at the railway station. As many as 108 were injured in the firing at the station.

They were firing like playing video games and were laughing looking at people. Even waving hands to the authorities of the control room as they were not able to do anything.
The terrorist was mercilessly firing at people who were running to save their lives.
And this was how they just started!!!

THE LEOPOLD CAFE

Have you ever thought that you are sitting and just chilling, enjoying with friends or family in a cafe and something very horrible happens!!
No??
Something like this happened on that day when the attackers moved to Leopold cafe and around 9.30 pm, the restaurant was attacked with gunfire and grenades by two men.
A cricket match between India and England was on that night.
All were busy cheering India!!India!!
Some were waiting for bear and some for the next plate of golden fried prawns!!
Eventually, they heard the noise of gunshot and People started crouching under the tables, some lying flat on the ground.
So, the owner rushed to watch out what’s happening and was popped-up with one of the terrorists, and the result was that he is shot him badly.
A hawker, Kishore, whose stall was outside Leopold, spotted Mr Mishra, who was covered in blood by then and rushed him to the nearby hospital.
Leopold lost six customers and two waiters, Peer Pasha and Hidayat Kazi, in the terror attack.

OBEROI TRIDENT

The Oberoi-Trident is the other icon of luxury and opulence in Mumbai that came under the deadly saws of the 26/11 attacks.
It plays host to a large number of foreign tourists visiting India and it was the case on that night.
Foreign nationals were reported to be the prime point of a target for the terrorists.
The gunfire began at the entrance of Trident with the gatekeeper being the first to fall prey. Two gunmen walked into the reception area and opened fire.
By the time the siege ended in Oberoi-Trident, 143 hostages were rescued alive and 24 bodies were recovered.

The main aim of them was one and only “DESTRUCTION ALL OVER“.
Not only to the country but also to the image of our country.

CAMA HOSPITAL

Okay! So, these creepy monsters didn’t even leave the hospital.
But as we know God is always there and hence, the destructors were not able to succeed there so much.
As the doctors got alerted, they shifted all the patients to a safe place so that the terrorist cannot reach them. The doctors suffered too much as they spent all night hungry and thirsty on the sixth floor of disease curing room.
Luckily, no one was harmed there but Vijay Salaskar, top IPS officers Hemant Karkare and Ashok Kamte were killed when the attackers left the hospital.
But doctors that day are wished HAPPY BIRTHDAY as they survived the attack.

NARIMAN HOUSE

And finally, this war ended at Nariman house when the cops got informed that the attackers are seen hijacking a white car. The cops got prepared and were waiting for the attackers to come.
Away from this, only AJMAL KASAB was left so when he reached the cops surrounded him.
He started firing and
Tukaram Omble, a constable with the Mumbai Police, took around 40 bullets while trying to capture the lone surviving terrorist and finally Kasab was arrested.
And finally, Kasab’s death sentence was upheld by the Bombay High Court on 21 February 2011. The verdict was upheld by the Supreme Court of India on 29 August.

If we are a peaceful nation we expect all to be peaceful with us, otherwise one should know that the national animal of INDIA is TIGER.

Switch to Online

Written by Bhumika Bisht

COVID-19 crisis has led to changes in the daily curriculum, especially of students. For minding social distancing switching to online is effective and safe. Moving online has made various effects on everyone’s life either good or bad.
Apart from good social distancing and less interaction switching from daily routine to less interacted routine is difficult but only for the first initial days.


Is it beneficial in other aspects too?
In short term, it is beneficial as,
• It expands one’s comfort zone towards their jobs or work.
• One can keep a good track of their jobs or work.
• More time to leisure and developing hobbies.
• Less energy consuming routine is developed.
• One can become more fit due to less office stress, work hours.

However, what about the long term?

In long term, it has several less counterproductive effects:

Boredom becomes usual, work productivity takes a hit, and undisciplined environment.

Effects on students:

Discipline is most important for students and the system of online classes is not to the point of providing a well-disciplined environment, which is leaving negative results on students. According to a survey, around 64% of students are concerned with their studies after switching online.
Regular problems like lack of systems, bad internet connectivity, fewer classes than usual school classes are making it worse.
Students are being detached from their regular study patterns, some even do not attend classes regularly in spite of having good systems and good access.

How can we decrease their persisting attitude?
Parents can play a huge role by looking after their child’s study related online activities.
Students too should maintain healthy study environment to ensure good results.
Individual thinking plays important role in one’s daily routine. So students should be aware about what benefit they can retain from online sources.

Conclusion
So switching online is a good option to continue with but only when required as individuals can learn better when taught practically.

A Battleground that raised the Battle!

PlayerUnknown’s Battlegrounds (PUBG) is a multiplayer battle royale game developed and published by PUBG Corporation, a subsidiary of South Korean video game company Bluehole. China’s Tencent Holdings Ltd. introduced the mobile version of this game for players which became more popular than the PC version and the most played smartphone game in the world.
But on a fine evening of September 2, Government of India banned 118 Chinese apps along with PUBG which created chaos among the gaming community. First, let us look at fact that why PUBG is worldwide famous:
➢ It got a unique concept of landing, fighting and surviving till the last.
➢ Available for free – this is a pro which every gamer wants.
➢ You can play this game with your friends, also you can make new friends.
➢ PUBG graphics are beyond just impressive.
➢ Source of earning for many gamers who stream their gameplay through YouTube or any other streaming app.
➢ This app keeps on getting updates to keep the audience interested in the game.

There are around 50 million active PUBG players in India which means 25% of the PUBG players in the world belong to India. The popularity of PUBG in India have also flagged a way for several professional gaming industry. The main game for these streamers is PUBG. Now a ban on this game led to the tension in gaming community of what to play next. This also affects the mental health of habitual gamers.

According to many people PUBG was worked as their stress buster when the whole world was under lockdown. It gave them the semblance of real – world social interaction. PUBG’s interactive feature allow gamers to communicate with one another using text and voice. It is a unique game for because not every gamer can afford expensive gaming consoles and broadband connections.
India is PUBG’s biggest market by users, and accounts for 29% of the app’s total downloads. In a data shared by Sensor Tower, the mobile version of PUBG saw about 18.5 crore downloads in India.
PUBG gamers were left crushed when Government of India banned PUBG. PUBG Corporation has been looking several ways to reverse the ban in India. Tencent Holdings, a Chinese company is the distributor of the game’s mobile version. So, if reports are to be believed PUBG Corp is now looking for an Indian distributor to run this famous battle royale in India.

While whole gaming community was disappointed and PUBG Corp pulled down all the responsibilities and association with the Chinese firm Tencent for operating in India.
Therefore, there are chances that PUBG will be coming back in India any time.
The gaming company said “PUBG Corporation fully understands and respects the measures taken by the government as the privacy and security of player data is a top priority for the company. It hopes to work hand in hand with the Indian government to find a solution that will allow gamers to once again drop into the battlegrounds while being fully compliant with Indian laws and regulations”.

By Shivangi Singh

Rise of Digital Money

Digital currency is a balance or a record stored in a distributed database on the Internet, in an electronic computer database, within digital files or within a stored-value card.

The Rise of Digital Money analyses how technology companies are stepping up the competition to large banks and credit card companies.
Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like a euro a the dollar.
Although there are many separate types of digital currency, the underlying mechanics behind them all are essentially the same. That said, once you wrap your head around the basics, you should have a decent idea of how each digital currency operates. Because technology serves a purpose. And most people don’t care how their smartphone or the internet works, as long as they can benefit from what it does for them.

Cryptocurrency enables people to become part in the global economy and nobody, no border, bank or political power can deny them the right to save, send and receive money worldwide whenever they desire to.

Palak Thakur