Budget 2020 Analysis - Part 2 | The Business World!
This is the second part of the Budget 2020 analysis. If you wish to read the first part, you should click here.
This is the second part of the Budget 2020 analysis. If you wish to read the first part, you should click here.
Budget 2020 was the first budget of the decade and came during the crucial time of economic slowdown when unemployment is at a record high and inflation is also on the rise. As such, a lot of stimuli were expected from this budget and it was thought that the government will make this a “spending” budget to give the necessary boost to the economy. The government did focus on areas like infrastructure and investment making this budget “investment” friendly and “agriculture-oriented”. However, the middle class Indian has been handed over another empty box of chocolates!
With OYO layoffs, the whole matter of WeWork and SoftBank, the world of startups it seems, is seeing a shift in perspective. While getting funding and hacking growth was a huge priority for many golden startups in India, now it seems the focus has shifted to becoming profitable and watching that bottom line too. Amidst this chaos, we see news of Zomato acquiring Uber Eats, Uber’s food business in India. What does this deal mean for Zomato and Uber Eats? What repercussions does it have on the food delivery market in India? And if you have to discuss this deal during your GD-PI process, what bare minimum do you need to know to form an educated opinion? In this article, we deconstruct the Zomato - Uber Eats deal to help you with GD-PI prep.
MBA admissions season is now on! Now that the results of CAT, XAT, SNAP and other entrance exams are out, GD-PI-WAT rounds are about to start. And this GD-PI-WAT season, one of the many things that the b-schools are searching for in candidates are - a) knowledge on current affairs, and b) their unique views on the matter and the ability to portray it in a clear and concise manner. You can only do that when you are aware and well-informed; specifically, about things happening in India and the world. A global event that has been in the spotlight for the better part of 2019 has been the US-China Trade War. The trade war is a big issue because the US and China are both economic superpowers. Whatever they do has an impact on the global economy (including India). So, what is this trade war all about?
In 1932, First mail took off from Karachi to Juhu aerodrome in a de Havilland Puss Moth, flown by Indian aviator and business tycoon Mr. J. R. D. Tata. Tata Air Services, as it was known then, was owned by Tata Sons started an airmail service for Imperial mail. It was later changed to Tata Airlines as it began flying passengers in 1938 and made a profit of Rs. 60,000. Tata Airlines continues to operate with the same fleet, but a significant change happened Post-Independence.
Did you know that if the Earth's whole history was compressed into a 24-hour clock, humans would have existed for only 77 seconds? From the day the ancient humans were living in tribes to the mutually respectful nations we have advanced into, our complete human race is merely a few seconds of the Earth’s 24 hours! World wars, the Industrial Revolution, the formation of the United Nations and with all that has happened over the course of 5000 years of human history, we stand here, in a whole new era with the 195 countries in the world united - for global development.
MBA admissions are serious business. After intense entrance exams come - GD-PI-WAT, where they go two steps ahead in testing a candidate’s personality, knowledge, mental ability, and more. GD-WAT topics are unpredictable, hence one has to be prepared for anything, especially current affairs (both India and world). In this year's interview season, out of all the things happening out there, the Iran-US conflict is a big possibility when it comes to WAT-GD-PI topics. Apart from political unrest, the situation is also expected to have some major economic ramifications. Here's everything you need to know about Iran and the US, to form an opinion and aid you in getting a special seat in your b-school!
Preparing for WAT-GD-PI rounds, now that CAT results are out? Here’s what you can do to sharpen your prep. Learn about as many current affairs and world issues as you can. But it’s easy to say that. So, what if we say that there is a systematic way of preparing for WAT-GD-PI prep? Because there is. It involves 3 major steps. 1 - Finding and understanding the facts of a situation, 2 - Learning about and understanding the different stakeholders involved, and 3 - Forming logical opinions based on the facts and interest of stakeholders as well as your beliefs. Following this strategy to write WAT essays or crack GDs, today we are going to deconstruct one of the hottest topics that India is currently battling with - the abrogation of article 370 and the Kashmir question. Ready? Let’s go.