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Showing posts from February, 2021

How and Why did Zohran Mamdani win?

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On 1st July, the results of the New York City Mayoral Democratic Party Primary were out. Whoever wins the democratic primary is likely to be the mayor of NYC. Zohran Mamdani has won the Democratic Party Primary. The City follows a ranked choice system where votes are transferred to a higher candidate until someone achieves at least 50% of the vote. Mamdani was leading in the first round before the transfer of votes. He defeated the long-time veteran of New York Politics, Andrew Cuomo, 56-44 in the second round. Hence, now Mamdani will head towards the final New York Mayoral election in November.  This article is not about him, his ideology or whether that will help New York City; rather, it is about how he managed to win the election and what both parties of the USA, as well as any political enthusiast, can learn from that.  Founded by the Dutch in 1624, New York City is the largest city in the USA and is the heart of Wall Street, the symbol of free market capitalism...
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Important takeaways from Indian Financial Budget 2021

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On February 1st 2021, the Finance Minister of India, Mrs Nirmala Sitharaman presented the financial budget for the financial year 2021-2022. It was a significant budget this time as the country is going through the biggest pandemic of the century. On 29th January, the minister had submitted the Economic Survey for the year 2020-2021.  Credits- The Indian Wire Challenges to the budget Economic revival  Increase public spending  Employment generation  Fiscal deficit (9.5%) The main takeaways from the budget A major push for digitalisation, as the FM read out the budget from a Made in India tablet. An app was also unveiled for people to know and understand the budget as well.  The speech was just over one and a half hours.  Increase in Health spending for this year at Rs 2.2 lakh Cr and Rs 35,000 Cr for Covid-19 vaccination.  Introduction of PM Atmanirbhar Swasth Bharat Yojana for improving healthcare infrastructure.  No change in Income tax slabs th...
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