COFFEECONTALK S1 Ep 10

For this episode, we had the pleasure of inviting Mr Dev Kakde . Mr. Kakde is a statistician with education and expertise in Manufacturing and Transportation. He has also contributed to original research in machine learning theory, quality control and prognostics. He is also an ASQ certified reliability engineer and has a knack for solving engineering problems using statistics and machine learning techniques. Currently, he is working as a principal research statistician and developer with SAS analytics.

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False Ceiling?

On 15th December 2021, the US Senate voted to increase the country’s debt ceiling by US$2.5 trillion in an attempt to prevent the first possible US default. According to the Treasury Secretary Janet Yellen, failure in raising the borrowing limit would’ve led to recession and unemployment throughout the country. However, this situation leads to few questions regarding the purpose, importance and implications behind the debt ceiling.

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Cryptocurrency : Is it the future or an overhyped bubble?

Over the past few years, the web has developed exponentially and has helped mankind evolve in many ways. Cryptocurrency is one of the products of this process which might go on to influence the development in other sectors like finance and investment. As of recently, there is a rise in the popularity of cryptocurrency since they have started taking the market by storm since 2021.This made many countries consider the legality of these digital assets, with some countries choosing to ban them all together.

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‘tis but a scratch!

On March 7th 2022, the official currency of the Russian federation (ruble) had fallen to its lowest at 150 roubles per dollar. The President of the United States, Joe Biden, also made a triumphant speech on how the rouble had been reduced to rubble as a result of the sanctions imposed on Russia. Moving forward a few weeks, the rouble had gained back the value it had lost by the end of March. By 8th April, the rouble was at its highest since November 2021. The reasons for the rise and fall of the rouble lie behind the loopholes present in the sanctions imposed and steps taken by the Russian government. 

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Part 2: Let the Econ Festivities begin!!!

Gokhale Institute of Politics and Economics, Pune held its annual Econ Fest ‘MANAN’ from 11th to 13th February.On the first day, the theme for the discussion was ‘International Trade And Finance: Multi-Lateral Growth Facet Of World Economy’. The first panelist was Dr Subodh Mathur who has a Ph. D. in Economics from MIT. He spoke on Globalization acting as a driver of economic inequality owing to the pandemic.

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Impact of the Russia-Ukraine conflict on the Indian Economy

As economies around the world were on their way to recuperating from the devastating impacts of the COVID-19 Pandemic, the Kremlin declared war on Ukraine on February 24, 2022, thereby jolting the entire system once again. Besides the humanitarian crises, the IMF has predicted that the entire global economy shall reel under the effects of Russia’s invasion of Ukraine primarily through three channels- higher commodity prices like those of food and energy, disrupted trade leading to an adverse impact on supply chains and high uncertainty among businesses and investors weighing on asset prices.

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