Challenges Ahead

Having gone through a period of recession,the challenges pose an emphatic threat to the world.
A bit of awe, a tinge of fear, a thistle of withdrawal,an air of grumpiness meanders through the economic front.


How to come out of this reluctant resolutions?
A bold move, come what may attitude, is the need of the hour.
Look before you leap  cautions the mind, but  on occassions ,the heart should empower the mind.
This may sound odd. This may propel risk. This may churn deliberations.
But this is what has to be  carried out.


Working with full vigour,addressing with acute determination ,and allowing no suspicious incitements ,will certainly bring a renaissance.
The economy has been stifled by misappropriation,by malpractices, by unscruplous hypothesis, by deriding principles.
The battering  has created a cavity,that has to be filled up dextrously and diligently.
A daring thrust , which may assume an indefatigble  assumption, should be implicated.

The currencies of the nations have to be balanced.
The dollar, which was the ruling currency of the world is losing its sheen.
A substitute money has to be considered.

The rate of interest has to be uniformly fixed.
There may be a variation,of say a few points up or down, not like what is prevailing now.
The lending rate in most countries is around 7% to 8%.
A few countries have extended the rate to 10 % to 11%.
In the early 2000's the rate was 20 % to 23% in developing countries like India.
This was a bane to the industrial sector.
Now, the interest has been brought  down to 10%.
In U.S the prime lending rate is only 2%.
This discrepency has affected the manufacturing sphere.
Interest  rates should not suppress the product outflow.
It should encourage the output.
Thus bringing about a simple affirmation of rates will ensue a general wellness in the economic diaspora.


Next  a conceivable solution for  gradual growth has to be initiated.
The sudden spurt and the abject tumble should not be permitted to occur.
A gradient  rise should be the option instead.
A  careful consideration of monetary policies will unravel the vistas for such promotions.


The per capita income has to be  given an intricate place in the formation of programmes.
If this is scrutinised with utmost earnestness, poverty could very well be eradicated.
The aid  should reach the needy.
The upliftment should be the proposal that has to be given a highest priority.

A programme  has to be charted out to face the challenges ahead.
Challenges are not a source of threat, but they are opportunities that could be converted into  a resurrecting discipline.