#Pharmaceutical Benefits Scheme
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"I've approved more than 80 renewable energy projects, enough to power every single home in Australia.
We've added 15 gigawatts of renewable energy to the grid, that's 3 times more than Snowy hydro, it's more than the nuclear plants will ever deliver, if they are ever built, - we've done that already, in just 3 years.
We've already done that.
We're on track to get to 43% emissions reduction,
We're on track to get to 82% renewable energy .
We are engaged in the biggest transformation of the Australian Economy in anybody's living memory
And instead you get this negativity from the sidelines. "
- Tanya Plibersek, Minister for the Environment and Water, Australian Labor Government
VOTE LABOR FOR THE ENVIRONMENT, CLEAN ENERGY, PROTECTED LAND AND OCEANS, HEALTHCARE, STRENGHENED MEDICARE AND PHARMACEUTICAL BENEFITS SCHEME, LOWER COST OF LIVING, REGULATION OF PRICE GOUGING AND SUPERMARKETS , 100% FULLY FUNDED SCHOOLS, FREE TAFE, URGENT CARE CLINICS, EDUCATION, THE ECONOMY. - and , you know, everything else
#Renewable energy#Labor#Australia#Australian Labor Government#Australian Federal Election 2025#Tanya Plibersek#Q and A#Environment#Sustainability#Clean energy#Solar power#Wind power#green energy#Australian Economy#Vote Labor#Australian Labor Party#Liberal party of Australia#Healthcare#Pbs#Pharmaceutical Benefits Scheme#Education#Medicare#Auspol#Protected land#Protected oceans#Oceans#Land#Australian politics#peter dutton#Australian Federal Election
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This is good news. I have cousins who have endometriosis. This will be of great benefit to them.
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The Australian Government has announced it is now subsidising “life-changing” new medication for endometriosis. This marks the first time new medication for endometriosis has been made available on the Pharmaceutical Benefits Scheme (PBS) in 30 years. Earlier this year, the medication dienogest, known by its brand name Visanne, was approved for treating symptoms of the condition. Endometriosis affects one in seven women in Australia, as well as nonbinary people and trans men with uteruses. Endometriosis can cause severe period pain, pain during sex, pelvic pain outside of the menstrual cycle, pain when passing a bowel motion or urine, bloating, fatigue, and difficulty conceiving. The symptoms are caused by tissue similar to the lining of the uterus (the endometrium) growing outside the uterus. The tablet, which can be taken once a day, was approved by the Therapeutic Goods Administration (TGA) for the treatment of symptoms associated with the condition. It regulates the levels of oestrogen and progesterone in the body, which are linked to endometriosis, and can shrink and suppress the growth of abnormal tissue in the body.
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So in Australian political news:
American pharmaceutical companies and Trump are potentially trying to start a fight with Australia...over the Pharmaceutical Benefits Scheme...during a federal election campaign...where the ALP are already having fun cornering the Coalition into supporting all of their Medicare and PBS policies out of fear of a Mediscare campaign.
Just...this. This is basically the platonically perfect policy angle for the Australian government to get away with pushing back against American imperialism and self centrism.
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In Australia, we have a healthcare policy called the 'pharmaceutical benefits scheme,' where government subsidises the cost of common medicines so that we can buy them for affordable prices (including medicine for diabetes, epilepsy, and cancer treatments). The individual costs are either $32 (AUD) for a general patient, or $7.70 (AUD) for a concession patient - and once you reach the yearly limit, you either get a significant reduction in the cost of medicine if you are a general patient (you start paying $7.70), or you get the rest of your medicine for free (if you are a concession patient).
But US pharmaceutical companies see a potential market, and so they're pressuring that orange menace to crush our economy with tariffs so we remove the subsidies and caps and allow those pharmaceutical leeches to charge whatever they want. This is the basic nature of capitalism; if you saturate one market, you just go and find another, even if you have to use coercion or force to get in.
#we should rip up every agreement we have with the us - aukus & army training & whatever else#y'all are not going to have many allies left when trump leaves office or dies or whatever#us politics#auspol#our former conservative prime minister is slandering y'all on twitter too
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The ✨Joys✨ of Kesimpta
(With a medium amount of sarcasm).
Kesimpta is a monoclonal antibody named Ofatumumab which targets the B cells of my immune system to discourage them from demyelinating my spine and brain. It’s a very targeted therapy, these artificial antibodies only target one protein, and yet the side effect profile continues to be an interesting and unpredictable experience.
But firstly: does it work? Yeah, pretty well so far. Minimal progression, actually some improvement across most symptoms, and I will willingly trade the one day a month or so of side effects I have to endure for the medication that will hopefully keep me functional as long as possible. I will probably never go back to performing surgery, and there are bad days here and there, but the burning arm pain doesn’t happen anymore and the numbness is generally restricted to just hands, not the whole limb.
The side effects though, they have been… interesting. They’ve certainly lessened over time as I adjust to the medication, but it’s such a random grab bag of effects.
You get warned when you start this medication that it will cause a bit of a headache, so to take some Panadol. But what happened for me:
First two hours after the injection - nothing happened at all
Then the migraine came, plus heavy fatigue.
Then the shivering started, I had chills so bad that I was filling hot water bottles with boiling water to hug in my bed, because it was the only way I wouldn’t tremble constantly.
Then came the gastro signs, while I still had the chills.
Unrelenting insomnia approximately 12 hours after the dose.
The chills dissipated overnight but the nausea continued the next day, plus dizziness and exhaustion.
And I got to do that once a week for the first few doses, so I was pretty much non functional other than keeping myself alive at that point.
Over time, the side effects have been steadily less and less though. If I’m a little bit unwell in some way before a dose, the Kesimpta will exaggerate the symptoms, and I try and time the dose so I can sleep through most of the nausea and headache. I’m usually a bit off balance for most of the day, not enough to be a fall risk but aware enough that I am not right enough to drive and definitely shouldn’t climb a ladder.
But I still get these completely bizarre mood swings. I can go from being okay to crying over a sad thought in about 20 minutes, over no meaningful stimulus. I’m watching myself react this way and just have to ride it out, but there’s no way I could go to work on a medication day. People will think I’m insane or on a recreational drug.
So I have to take the day as a scheduled maintenance day.
Being on this medication has made me very glad for the Medicare system we have in Australia, and the pharmaceutical benefits scheme which subsidises the cost of a lot of medications through the government.
Without these systems, Kesimpta would be costing me about $2.5k per month. As it is now, it costs me about $60 a month, delivered, and I get a handy little ap that reminds me when my dose is due, and will send me an email or text message if it thinks I’ve missed a dose, steadily getting more frequent so that I will get a text message every hour as a reminder if it thinks I’ve forgotten.
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The estimated revenue forgone through the failure to fully tax realised capital gains is estimated to be $19 billion in 2023–24, equivalent to the total Government spending on the pharmaceutical benefits scheme—and 81% of this foregone revenue goes to the top 10% of income earners.
so about 2.4% of the federal budget is a giant subsidy to the rich (of which I have personally benefited from of course).
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A re-elected Labor Government will make every PBS - Pharmaceutical Benefits Scheme - medicine cost no more than $25 a script !!!!
Public health and access to medicine and medical care is a human right
This is incredible
Please make sure you vote Labor, for yourself and for everyone- including the environment
Vote Labor 🗳 ☑ ✅
#Labor#Pbs#Pharmaceutical Benefits Scheme#Medicare#Health#Healthcare#Healthcare is a human right#Vote Labor#Australian Labor Government#Australian Federal Election 2025#Endometriosis#Ivf#Medicine#Medicines#Pbs medicine#Pbs medicines#Auspol#Tanya Plibersek#Environment#Environment minister#Australian politics#election 2025#australian election#elections#Instagram#peter dutton#Liberal party#Liberal party of Australia#Australian Labor#australian labor party
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have they added mouse bites to the pharmaceutical benefits scheme yet
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naur sorry..... you're from Canada and we don't have a reciprocal health care agreement (RCHA) with youse, currently only the United Kingdom, Ireland, New Zealand, Malta, Italy, Sweden, the Netherlands, Finland, Norway, Belgium and Slovenia. so basically this estrogen I'm force-feeding you isn't covered under the pharmaceutical benefits scheme (PBS) and you're going to have to pay full price for it, sozza mate :(
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petition to include the occasional steak dinner on the pharmaceutical benefits scheme
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American medical giants have labelled the federal government's Pharmaceutical Benefits Scheme (PBS) "egregious and discriminatory" and have pressed US President Donald Trump to target Australia when he imposes sweeping "reciprocal tariffs" on trading partners next month.
Australia on notice
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17 Direct Benefits to Study in Ireland for Indian Students
Do you know why a 1-year study in Ireland for Indian students is sought after heavily these days?
Many courses, MS in Computer Science, IT, Biotechnology, Pharmaceuticals, Management, and Business Analytics rank among the top 10 worldwide.
Most Indian students opt for a Master’s program for the benefits we have enlisted below. Graduating with these above MS degrees in Ireland guarantees high chances of employment in Ireland.
Also, universities in Ireland boast high research outputs, the hallmark of an excellent postgraduate study destination.
Award-winning journalist, John Kennedy, calls Ireland the AI island, highlighting the nation’s advancements in technological research.
Study in Ireland for Indian students: 17 Benefits
Ireland is the best destination for Indian students due to its top universities, affordable 1-year master’s programmes, and 2-year post-study work visas. These are just a few reasons out of many that Ireland has to offer you.
Below are the benefits why an MS in Ireland or MBA in Ireland is lucrative and will be life-altering. Notably, as an Indian student, you get several advantages.
Some benefits grace you even before you start your journey!
1. You don’t require a GRE score…
You can still study at Irish universities such as Trinity and UCD. Irish universities, which are in the same league as the US universities, which accept Indian students even without a GRE score.
Isn’t this appealing enough to apply to study in Ireland as an Indian student?
Hence, to get into an Irish university, Indian students require an excellent academic record and scores on one of these tests – IELTS, TOEFL, PTE, and Duolingo.
GRE & GMAT is not required by almost all Irish universities (UCD & TCD may ask for GMAT scores for their MBA degrees).
2. English Language Proficiency Training
All English-speaking countries expect their international students to be well-versed in English, as does Ireland.
But aren’t your English proficiency test scores suitable enough to secure admission?
Not to worry. Irish universities offer Pre-sessional English language programs. These short-term courses are designed to help you gain the skills needed to prepare for exams like IELTS, TOEFL, DET, and PTE.
3. How much study gap is acceptable in Ireland?
The answer is…
Study gaps don’t matter for Irish universities!
As long as you can explain the gap between your last academic year and the time of application, you are as good as any other person without a study gap.
Various reasons, such as employment, vacation, health issues, and business ventures, can be used to explain your study gap. You can provide these reasons in your Statement of Purpose.
Sarem Education will help Indian students with their Statements Of Purpose to study in Ireland.
4. Cost of studying in Ireland is lower for Indian students
Compared to studying in the USA, UK, and Australia, an MS degree in Ireland costs less.
Cost of study in Ireland for Indian students:
Place of study EUROS INR
Universities 12,000 to 36,000 9,97,000 to 28,89,000
Institute of Technology 12,000 to 17,000 9,97,000 to 13,63,000
Colleges 13,000 to 15,000 10,80,000 to 12,00,000
Tuition fee is the most significant cost component, while other expenses like accommodation, student visa, medical insurance, and the like typically cost between €7,000 (5 to 9 lakhs) to €12,000 per year.
There are also independent colleges in Ireland where Indian students can study for lesser fees.
Provided you have the necessary work experience, colleges such as Dublin Business School, Griffith College Dublin, and National College of Ireland should be a sweet deal!
Consultancies do love adhering to “get rich overnight schemes” by giving Indian students the aforementioned options to study in Ireland. However, we do not do that here.
Here is some honest information. Freshers would find it daunting to land a job after graduation from these places. So, apply here at your own risk.
However, experienced candidates should be able to land a job thanks to their experience.
With a part-time job or a paid internship, you can further reduce your expenses to study at an Irish university. We advise that you search for the right one where you can balance your studies with your part-time work.
Just ensure you don’t do anything you will regret on your academic side.
5. Study in Ireland for Indian students: Scholarships
Here is a list of scholarships available for students looking to study in Ireland.
Government of Ireland International Education Scholarships Programme, sponsored by the Higher Education Authority (HEA)
The Government of Ireland Postgraduate Scholarship Programme
Scholarships by the Irish Research Council for Humanities and Social Sciences (IRCHSS)
About 60 students get this scholarship which pays them 10,000 euros per year. These Ireland scholarships make life extremely easy for Indian students.
6. The 3 benefits of studying 1-year masters in Ireland
Undoubtedly, Indian students are constantly under pressure to settle down quickly. Studying a 1-year Master’s program at an Irish university can help you alleviate this.
You can fast-forward your dreams of graduating with an MS degree and happily settle abroad sooner than your counterparts in other countries!
Let us enlist and explain the benefits below:
Return to the workforce with world-class skills sooner: Sometimes, students take a 1-year leave to finish their degree and resume work with their previous employer. This is possible if you do a Masters in Ireland. Moreover, a 1-year break for education will also be less harsh on your resume. You can also join the workforce sooner and ease off your loans.
Costs Less: Compared to a 2-year course, studying for a 1-year Masters in Ireland is cheaper. A shorter duration means you pay lesser rent, living expenses, etc.
Resume: In any Master’s course in Ireland, you must complete 90 credits within a year. Inevitably, you will be putting in tons of hard work throughout the year. Consequently, this can bode well for your resume.
7. 100% visa approval
Ireland and India faced the brunt and after-effects of British imperialism and colonization in the 1900s.
Now, both countries share cordial relations owing to which there is less than a 5% chance for your visa to get rejected for Indian students to study in Ireland.
Not impressed?
DAVID FLOOD, Director, India, and South Asia, Enterprise Ireland, shares an impressive stat. The Irish visa approval rate for Indian students has grown by over 95% in the last 5 years.
So what happens to Indian students after they come to study in Ireland?
8. Globally Ranking Universities
Did you know securing admission to Irish universities would allow you to study at one of the top-ranked universities globally? Five universities in Ireland rank within the top 500 globally, and three are within the top 1000.
Trinity College, University College Dublin, University College Cork, University of Galway, University of Limerick, Dublin City University, Maynooth University, and Technological University Dublin are the universities on the list.
9. Highly quality education
The International Graduate Insight Group (i-graduate) found that students pursuing an MS degree in Ireland reported high student satisfaction with their academic experience.
Of course! Why wouldn’t they?
All MS degrees in Ireland are one year in duration. You will be prepared to enter the workforce within one year.
Irish universities and institutions are globally renowned for their programs in Science, Technology, Maths, Teaching, Medicine, Business, and Finance, accredited and recognized worldwide.
Most importantly, the tuition fee is way cheaper to study in Ireland for Indian students than in other top destinations.
Also, Irish universities are ranked among the best in the world regarding gender equality and climate action as per Times Higher Education’s (THE) university impact rankings.
10. Part-time opportunities in Ireland while studying
During their study in Ireland, Indian students can work for up to 20 hours a week.
According to labour statistics, Ireland has more than 400,000 people employed part-time. As regional investment grows and new businesses pop up, part-time jobs shall also grow steadily.
Irish universities also offer teaching assistant positions where students can assist professors with their academic commitments and get paid for them.
Indian students studying in Ireland will be allowed to work 40 hours per week only from June to September & from 15th December to 15th January inclusive. At all other times, students will be allowed to work 20 hours per week while they study.
11. Hub for global corporations
Ireland’s technological ambience is nothing to be scoffed at.
Ireland houses more than 1000 multinational companies, mainly because of Ireland‘s liberal FDI policies and ease of doing business. This opens doors for talent across the world.
Many of these MNCs seek MS degree holders from Irish universities in areas like Artificial Intelligence, ICT, telecom and life sciences.
Several companies – like Google, Facebook, Airbnb, Roche, Abbott, and others – have their European headquarters in Ireland. There are several hundreds of internships for fresher Indian students studying in Ireland.
Down the road, this ups their chances of securing full-time employment.
12. Safe, friendly, party and quality of lifestyle
Consumed by excitement while applying for a Masters, one would leave caution to the wind and fail to read about the destination’s attitude towards international students.
And while Ireland’s windy climate
is often chided for being unfriendly, the locals are super sweet. Indian students in Ireland feel very safe and peaceful, and their study period is a heavenly experience.
Still, undecided to study in Ireland as an Indian student? Contact us so that we can help you connect with alumni.
13. Rich Culture and Heritage
You can earn a 360-degree, fulfilling experience from your education abroad only if you read and imbibe academic papers and the culture around you.
If you are a bookworm, a history buff, or a culture enthusiast, don’t look further into the West than Ireland.
The best part about studying in a European country is that every country is different from the others; in terms of architecture, history, race, music, etc.
Ireland is not just well known for its education but also for reasons like these as well.
Dublin, the capital of the Emerald Isle, is a popular tourist destination filled with parks, museums, and statues paying homage to literary laureates such as Oscar Wilde, Joyce Meyer, etc. Pubs that are about a 1000-year-old grace the ever-alive city centre.
Festivals such as Halloween and St. Patrick’s Day originated in Ireland.
Studying in Ireland for Indian students will be thrilling for those who like to travel to various places and capture the green garlands of nature with their photography skills.
Also, are you familiar with these famous movies- Harry Potter, Star Wars, P.S. I Love You, and Game of Thrones?
All of these films had scenes filmed in Ireland. Ireland’s landscapes breathe life into the dormant desi travel bug in you.
Ireland’s West Coast throngs with breathtaking sceneries, docks, rocky coastlines, and castles. Be sure to check out these places while pursuing your M.S. degree in Ireland.
14. A growing, dynamic Indian community in Ireland
In 2011, The Irish Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, aimed at attracting the 100,000 Indian students moving abroad for their higher studies every year into Ireland’s workforce.
Consequently, between 2013-2017, Ireland saw a 45% increase in international students entering Ireland.
As of 2015, about 26,000 Indians reside in Ireland, of whom about 9,000 are second-generation Indians. They occupy roles in healthcare (doctors and nurses), IT, engineering, and senior management positions.
According to DBEI (Department of Business, Enterprise, and Innovation), the majority of work permits were obtained by Indian students than any other nationality in various fields such as IT, ICT, Finance, Medical, and Business in 2022.
You can see several local businesses in Dublin with Indian owners and managers, which may get you part-time jobs if you can get their patronage. “Muqqabla” and “Urvashi” are some music tracks that rock the corridors of these local businesses. So there is no need to forget the rice, dal, and curry after you leave India.
15. Employment rates are at an all-time high!
It is undoubtedly heartening for us to announce (with proof) that employment rates are at an all-time high. Employment figures from the Central Statistics Office (CSO) confidently state that Ireland is fully employed.
Lifeline for graduates in Pharmaceuticals, Finance & IT, Pharma and biotech industry in Ireland picked up after companies took advantage of the government lowering tax rates for corporates.
19 of the world’s top 20 pharmaceutical and biopharmaceutical companies are in Ireland. They constantly attract graduates with MS degrees from Irish universities. Indian students considering where to go after a UG degree in biotech, pharma, biomedical, and instrumentation can seek Ireland for higher studies.
Accountancy and Finance are lucrative for Indian students who study in Ireland. Due to the demand level and a squeeze in supply, companies are increasing compensation packages for both attraction and retention purposes. [Source: Morgan Mckinley]
Several tech-centred Irish institutions offer MS degrees in information technology, data analytics, cloud computing, and business analytics.
The courses are tailored to tackle real-time challenges in the tech-savvy industries in the IT hub of Europe. This is one supporting point for young and ambitious Indian students to study in Ireland for their Master’s.
16. Ireland’s post-study work visa benefits make you go WOW!
So here is the answer to the much-awaited question, “How to work in Ireland post-graduation”.
The Irish government offers a 2-year post-study work visa for Indian students in Ireland to seek employment after their graduation.
Ireland has two types of work visas – General Work Permit and Critical Skills Employment Permit.
The Critical Skills Employment Permit is acquired by people in the sectors included on the Critical Skills Occupations List, such as ICT professionals, professional engineers, and technologists. This visa targets highly skilled people, encouraging them to reside permanently in Ireland.
In 2022, 63% of the 10,171 critical skill visas issued were grabbed by Indian students studying in Ireland.
A General Employment Permit allows the holder to work in various occupations. Unlike the Critical Skills visa, this permit recognizes that all professions are eligible unless excluded from the Ineligible List of Occupations for Employment Permits.
17. Easy Pathway to PR
Did you know Ireland has one of the most effortless PR processes globally?
A list of countries with the smoothest PR processes would include Ireland in the top five.
A Critical skill visa allows you to apply for a PR in two years, and a General work permit will enable you to apply for a PR in five years.
Conclusion:
A 1-year study in Ireland for Indian students is flawlessly beneficial.
It is undoubtedly your gateway to finding a job in Ireland and getting a PR soon in Ireland using the 2 years of critical skills work permit.
We can connect you with Indian students in Ireland to enquire about your course and confirm all of the benefits we have mentioned above to studying in Ireland for Indian students.
#abroad education#study#study abroad#study in ireland#ireland education#ireland universities#education
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SAFETY NET!!! PBS SAFETY NET!!!!!! FREE PILLS AND PILLS AND PILLS!!!! PHARMACEUTICAL BENEFIT SCHEME SAFETY NET!!!!!
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THE HISTORY OF MEDICARE AND LABOR'S DEFENSE OF IT
HEALTHCARE IS A HUMAN RIGHT
Vote Labor ! To keep your human rights
#MEDICARE#truth#Australian Labor#Australian Federal Election#Australian Labor Government#Australian Federal Election 2025#PBS#public health#Pharmaceutical Benefits Scheme#Health#Healthcare#Healthcare is a human right#Australia#AUSPOL#psa#important#Vote Labor#Instagram
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Rajesh Shukla’s views on “The Impact of Global Economic Policies on Bilateral Trade Agreements: An Indian Perspective”
New Delhi [India], December 24: As far as being the Chief Strategist, National Intellectual Advisory is concerned, it requires studying the complexity involved in the relationship connecting global economic policies with bilateral trading agreements, especially about the positioning of India. A contemporary global economy possesses a penchant for dynamic interactions among policies, conditionally defining the economies of individual countries and seemingly rendering bilateral trading agreements impotent.
Global Economic Policies and Bilateral Trade
Global economic policies comprise a wide array of actions, such as trade tariffs, monetary developments, fiscal stimuli, and regulatory frameworks, all of which hit critically on international trade. These policies are framed by the wealthy, dominant economies that have set the ball rolling to shape the global environment towards bilateral trade agreements. Therefore, for India, understanding and effectively working toward those policies is very vital to create meaningful trade linkages and developments in the economy.
Trade Offer and Protectionism:
The protectionist phenomenon has recently been growing in most parts of the world. Most serious among these phenomena in recent years has been their spread from the richest trade economies, such as the United States. High tariffs and other borders set up barriers to free flow in trade and, consequently, compel nations to rethink their trade policies. For India, with its diverse portfolio of exports ranging from information technology services to textiles and pharmaceutical goods, imposing tariffs by major trading partners will need a review of trade agreements. India must ask for fair trade practices and also try to formulate agreements that would minimize the adverse effects emanating from protectionism.
Monetary Policies and Currency Fluctuations
Money-related policies and changes occurring in money should be developed as under the provided opinion. They are nationwide concerns about changing these rates as well as their currency value. For example, tapering would drive up Europe as a monetary action by the Federal Reserve in the United States. Now Indian exports would become dearer, hence less competitive in the American market. A depreciating Indian rupee can make imports costlier, thus impacting the trade balance. However, India needs to strike bilateral trade agreements, including currency stabilization schemes, and promote economic stability among the two partner countries. https://rajeshshukla.com/
Fiscals Policies and Stimulus Measures to Economy
Fiscal policies adopted by major economies have cascading effects on international trade, particularly the policy interventions made in response to economic downturns. Stimulus packages to enhance domestic consumption tend to lead to higher imports, benefiting partner countries through increasing import demand. However, such packages may render the competition lopsided if the subsidies and fiscal incentives are not equally available to all trading countries. India must ensure bilateral trade agreements that would disallow benefits from these fiscal measures to undermine its competitiveness in core sectors.
Regulatory Frameworks and Trade Standards
Harmonization of regulatory standards is fast becoming a critical component in modern bilateral trade agreements. Divergent regulatory requirements could form non-tariff barriers preventing trade flows. India, with its emerging pharmaceutical and agricultural exports, must build coalitions for the alignment of standards and mutual recognition agreements for smoother trading. It is much more important that any bilateral agreement include provisions for regulation with that cooperation; thereby it would facilitate access to the market and thereby reduce compliance costs for Indian exporters.
Strategic reaction of India
India's strategic response to global economic policies will have to be multi-pronged. One aspect of proactive diplomacy will be engaging to influence the global trade norms and standards. This will have to be intensified through greater active participation in sites such as the WTO, G20, and so on. That would gain India ground in pushing towards free and fair trade for the future.
Diversifying India's trade relationships would serve as a condition for reducing exposure to any one economy. For example, tying itself more closely to the emerging markets of Africa, Latin America, and Southeast Asia would open completely new channels for trade and investment opportunities.
Most importantly, India should be investing in domestic competitiveness. It makes Indian industry much more resilient to external shocks-infrastructural enhancement, simplification of regulatory procedures, and innovation.
Digitally, India should also ensure trade facilitation by technology. The new shape would include digital trade facilitation measures such as blockchain for supply chain transparency and e-commerce platforms for value addition in trade efficiency while reducing transaction costs across borders.
Conclusion
Global economic policies have a deep and multiple impact on the bilateral trade agreements. Consequently, such a complex interaction requires strategic approaches on the part of India, like proactive diplomacy, diversification in trade relations, and domestic competitiveness and technological innovation. India would not only be able to save its economic interests but also put itself in a place as a player in the global trade arena with policies to promote sustainable and inclusive growth.
The Writer is Mr. Rajesh Shukla is Chief Strategist, National Intellectual Advisory; Mentor at Venture Studio Capital, JagooNari and Padhega Bharat
#Rajesh Shukla#Rajesh Shukla Mumbai#Rajesh Shukla Ahmedabad#Rajesh Shukla Inspire india Now#Inspire india Now#Rajesh Shukla Strategist#Rajesh Shukla Chief Strategist#Rajesh Shukla Chief Strategist Mumbai#Rajesh Shukla Chief Strategist Ahmedabad#Rajesh Shukla Chief Strategist Delhi#Rajesh Shukla Financial Chief Strategist#Rajesh Shukla Political Chief Strategist#Rajesh Shukla Social Chief Strategist#Rajesh Shukla Business Guru#Top 10 Chief Strategist
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