essay competition india 2023

WHERE WORDS MEET MAGIC​​

Unleash your writing skills and let your words make an impact.​, registered participants.

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  • For verses that resonate and linger.

BEST FICTION

  • Celebrating imaginative worlds and compelling narratives.

BEST NON-FICTION​

  • Honoring truth, well-told.

BEST ARTICLE/ESSAY

  • For thought-provoking insights and perspectives.

BEST PERSONAL EXPRESSION

  • Recognizing the power of introspection and personal storytelling.

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10 EDITOR'S CHOICE AWARDS

  • These awards will spotlight submissions that stand out for their unique voice and creative approach.
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What's in it for you?

essay competition india 2023

Hone Your Craft

IWP provides an ideal environment for you to refine your writing skills. By offering feedback from esteemed judges, writing prompts, and exposure to diverse writing styles, we'll guide you on your path to becoming a better wordsmith.

essay competition india 2023

Spotlight on Talent

This is your stage! IWP's creative writing quest is a golden opportunity to showcase your creativity to an extensive audience, elevating your work from your desk to the limelight. Who knows? Literary agents or publishers could be your next fans!

essay competition india 2023

Prize-Winning Words

Here at the India Writing Project, we honor your talent with an array of rewards including enticing cash prizes, invaluable feedback, and publishing opportunities. It’s not just a competition; it's an investment in your literary journey.

essay competition india 2023

Craft Your Portfolio

This isn't a fleeting event; it's a stepping stone towards building an impressive portfolio. It's a chance to create new literary masterpieces and gather the confidence to seize other writing opportunities that come your way.

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Forge Literary Bonds

Connect with like-minded individuals who share your passion for the written word. Engage in thoughtful exchanges, gather inspiration, and create a nurturing writer's community that fuels your creativity.

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Dare to Excel

IWP is more than a competition; it's a personal challenge. Dare to stretch your creative muscles, delve into unknown genres, and pit your skills against other gifted writers. This quest will nurture your distinctive voice and style, aiding your growth in the literary world.

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essay competition india 2023

The writer can submit essays, poems, articles, or short stories written on ANY topic or subject as preferred by them. There is no restriction on the same. Submissions can be written in any style and from any genre as preferred by the writer

It is a limited-slot program, and registrations will close once the slots have been filled. Thereby, there will be no last date to register.

The  last day to submit is September 15, 2024 (only for registered participants); the results will be announced on October 15, 2024.

There is no age restriction to entering the competition. Talent doesn’t distinguish between ages, so why should we?

If you’d like to submit more than the prescribed piece limit, you would be required to register again. You cannot submit multiple pieces within the same entry or submit more than one entry/two entries (chosen while registering) with the same registration number.

You can register under the same name multiple times.

However, the contest has limited slots that will be filled on a first-come, first-serve basis.

  • First Entry: The fee for registering your initial submission is Rs. 999.
  • Subsequent Entries: Once your first entry is approved, any additional submissions can be made at a cost of Rs. 699 per entry.

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G20 Essay Competition

G20 Essay Competition

Selection criteria, points to remember, gratification, terms & conditions.

  • To invite students to share their ideas and visions for India’s G20 Presidency
  • To create awareness and enhance knowledge about India’s G20 Presidency
  • To increase understanding about India’s G20 Presidency
  • To encourage young Indians to relate to different parameters of G20.
  • Originality of thought and depth of knowledge
  • Quality of Content, Relevance to the topic.
  • Structure, articulation and writing style
  • The competition is open to only Indian Citizens.
  • The Essay can be submitted in either Hindi or English languages in the following categories/ age groups:
Category A 12 - 14 years of age
Category B 14 -16 years of age
  • The length of the Essay must not exceed 1500 words.
  • The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing and should be submitted in the form of PDF.
  • The participants must be the same person who has written the essay. The Essay should reflect original thinking and presentation.
Start Date 1st June 2023
End Date 31st July 2023
  • The Competition is open to only Indian Citizens.
  • Category: 12 - 14 years of age
  • Category: 14 -16 years of age
  • All entries must be submitted through the MyGov.in portal only. Entries submitted through any other medium/mode will not be considered for evaluation.
  • A participant can submit only once. In case it is found that any participant has submitted more than one entry, all his/her entries will be considered as invalid.
  • The entry should be original. Copied entries or plagiarized entries will not be considered under the contest. Winning entries will also be suitably publicized by the G20 Secretariat/ Ministry of External Affairs.
  • There are no charges/registration fee for participation in the competition.
  • The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing. The essay must be uploaded in the PDF format.
  •  Please note that the Essay must be original and should not violate any provision of the Indian Copyright Act 1957. Anyone found infringing on others’ copyright would be disqualified from the competition. G20 Secretariat/Ministry of External Affairs does not bear any responsibility for copyright violations or infringements of intellectual property carried out by the participants.
  •  Mention of the Author’s name /email etc., anywhere in the body of the essay will lead to disqualification.
  •  G20 Secretariat/Ministry of External Affairs reserves the right to verify original documents such as proof of age etc., before awarding the prizes.
  •  Participant is to make sure that their MyGov profile is accurate and updated since G20 Secretariat/Ministry of External Affairs would be using this for further communication. This includes details such as name, photo, complete postal address, email ID and phone number. Entries with incomplete profiles would not be considered.
  •  The G20 Secretariat/Ministry of External Affairs reserve all the rights and any dispute, amendments or any issue related to this competition / guidelines / evaluation criteria etc., shall be decided by the G20 Secretariat/ Ministry of External Affairs which will be final and binding.
  •  G20 Secretariat/Ministry of External Affairs reserves the right to cancel or amend all or any part of the competition/guidelines/evaluation criteria etc., at any time. 
  •  Any changes to the Terms and Conditions/ Technical Parameters/ Evaluation Criteria, or cancellation of the Contest, will be updated / posted on the MyGov platform. It would be the responsibility of the participants to keep themselves informed of any changes in the Term & Conditions/ Technical Parameters/ Evaluation Criteria stated for this Contest.
  •  If any entry is found to violate the guidelines, it will be removed from the evaluation process without giving any intimation or explanation to the participant.
  •  For Verification purposes original documents may be asked by G20 Secretariat/ MEA at any given point of time during the Competition process.
  •  G20 Secretariat/Ministry of External Affairs shall have an exclusive, royalty-free, perpetual and irrevocable license to copy, store, edit, distribute, transmit and publish competition entries.
  •  Decision of the Evaluation Committee will be final and binding on all participants.
  •  Non- conformity to guidelines will lead to disqualification of the participants.

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essay competition india 2023

  • Competitions

Tata Building India School Essay Competition 2023-24 for Class 6-12 Students [Online]: Register by Aug 10

  • Gaurav Chaurasia
  • Jul 26, 2023

Registrations are open and invited from class 6 to 12 students for the Tata Building India School Essay Competition 2023-24. The last date for submission of entries is August 10, 2023.

About the Competition

The Tata Building India School Essay Competition is one of the key initiatives undertaken by the Tata Group to motivate the youth and foster the spirit of nation-building.

Now in its 16th edition, this is India’s largest and most prestigious school essay competition, with school students participating from 400+ cities, writing in more than 10 languages.

TCS iON – A division of Tata Consultancy Services, is responsible for executing the Tata Building India School Essay Competition across India.

The essay competition is a two-phase activity across all the participating schools in the country for students of classes 6th – 12th. The first phase consists of showcasing inspirational Tata-linked films which hopefully stimulate young minds to think about the nation.

Following this, the students are asked to write an essay on a given topic of national significance. To ensure a level playing field, the students are divided into two participating categories across all languages (Junior classes – 6 to 8 and Senior – classes 9 to 12).

The essay, written only once by the students, is evaluated at the school level and thereafter winning school essays are evaluated by judges drawn from independent academic and literary circles at the city and national levels, in each language.

Eligibility Criteria

Only schools with a total of 100 or more students in standards from 6th to 12th are eligible to participate.

Rewards & Recognition

The winners are rewarded at each level and special functions are held to felicitate city-level winners and national-level winners. Prizes at the school level include certificates and medals. The city winners and the runners-up receive online gift vouchers, e-certificates, and e-medals.

The national-level winners receive online gift vouchers of significant value as the grand prize as also e-certificates and e-medals. The crowning moment for the national winners and the runners-up is the intended visit to the Rashtrapati Bhavan and a face-to-face meeting with a national dignitary.

How to Register?

Interested candidates/schools can register via this page.

Registration Deadline

August 10, 2023.

Click here to view the official notification of the Tata Building India School Essay Competition 2023-24.

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Smt. Droupadi Murmu The President of India

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Winners of Tata Building India School Essay Competition Call on the President

Rashtrapati bhavan : 17.04.2023.

Winners of the Tata Building India School Essay Competition 2019-20, called on the President of India, Smt Droupadi Murmu at Rashtrapati Bhavan today (April 17, 2023).

Speaking on the occasion, the President congratulated the winners of the Tata Building India School Essay Competition. She also appreciated the organisers for providing this platform for the young minds to showcase their ideas in writing on a specific topic of national importance or on social issues. She said that it is a good initiative for igniting the imagination of the young and instilling a sense of pride and spirit of nation building in the youth.

The President said that during the ‘Amrit Kaal’, the topic of the essay competition ‘Five things I will do to build a great India’ is quite relevant. She expressed confidence that when India will celebrate its 100 years of independence, the contribution of these young minds would be for the betterment of the country as a whole. She urged children to dream big and try hard to realise their dreams. She said that her message to all children is that they should do good to others.

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Dates for "Jury" and "Declaration of Awards" for Online Poster and Painting Competition 2021 will be announced shortly

ICCR Essay Competition 2022-23

"Amrit Mahotsav"

Celebrating 75 years of India's independence

Topic: "My idea of India"

essay competition india 2023

About the Competition

The Indian Council for Cultural Relations (ICCR) was founded in 1950 with the primary objective to actively participate in the formulation and implementation of policies and programmes pertaining to India’s external cultural relations; to foster and strengthen cultural relations and mutual understanding between India and other countries; to promote cultural exchanges with other countries and people, and to develop relations with nations.

ICCR has been playing an equally important role in the field of education for International students in India. It offers a number of scholarships to foreign nationals to pursue higher studies in Indian Central/State Universities and other recognized Institutes of higher education and learning.

ICCR proposes to organize an “Essay Competition”.

Topics (participants will have to write upon only one from the following):-

1) Development of Democracy in India.

2) Contribution of spiritual leaders in development of India.

3) STEM (Science, Technology, Engineering, and Math) Education and its Future in INDIA.

Who can participate?

1) The competition is open to all international students studying in India at present below the age of 35.

2) Free for all eligible (as above).

1) Registration & Submission of Essay – 1 to 30 January 2023 (1800 hrs IST).

2) Declaration of result – 15 February 2023 (tentative).

*For detailed information about the competition, click on tab “About the competition” appearing on home screen.

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Tata Building India School Essay Competition 2023: President felicitates Udupi girl for winning contest

Tata Building India School Essay Competition 2023: President felicitates Udupi girl for winning contest

About the Author

Deputy Chief of Bureau at TOI, Mangaluru. Writes on crime, environment, health, politics, education, civic issues, art & culture and human interest stories.

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The office of the Comptroller and Auditor General (CAG) of India is organising the second National Online Essay Writing Competition as part of Audit Diwas celebrations on the topic ...

The office of the Comptroller and Auditor General (CAG) of India is organising the second National Online Essay Writing Competition as part of Audit Diwas celebrations on the topic “Celebrating the resilience of the Indian Democracy and the role of the CAG of India”.

The essay competition aims to make the youth of the country aware of the institution of CAG of India and appreciate the contribution of the CAG in promoting public accountability and good governance. The competition will also give an opportunity for young minds to harness their creativity and express ways in which the institution of the CAG can contribute to good governance.

Gratifications: The essays will be evaluated separately in English and Hindi. Winners of the competition will be awarded cash prizes as follows: • First prize: ₹30,000 • Second prize: ₹20,000 • Third prize: ₹15,000

Please Note: There are no charges/registration for participation in the competition.

Eligibility: 1. The online essay writing competition is open to all persons who are currently enrolled in a course of study at any institution recognized by any University in India. 2. The participant should not be more than 25 years old as on 20 July 2023. 3. Employees of the Indian Audit and Accounts Department shall not be eligible for participating in the competition. 4. Only one entry from each participant will be considered. In case it is discovered that a participant has submitted more than one entry, all the entries from the participant will be disqualified.

Mode of Submission: • The length of the essay should not exceed 1500 words. • The Essay may be written either in English or Hindi. • The participants would be required to submit six documents online as attachments in a single e-mail to the address: essay2023[at]cag[dot]gov[dot]in. The details of these documents are given in paras 5.4.1.1 to 5.4.1.5. The subject of the e-mail should be written as “CAG’s National Online Essay Writing Competition”. • Participants should send the essays in MS word docx - Calibri (English)/Mangal (Hindi) and pdf format. The names of both the .docx and .pdf file should be the e-mail id (excluding the domain name) of the participant followed by language (English/Hindi)1 in which the essay has been written. Essays sent by post will not be considered. Mention of the participant’s name/email or other personal details anywhere in the body of the essay will lead to disqualification.

Timeline: Essays may be e-mailed on any date from 10:00 hrs on 21 July 2023 to 17:00 hrs on 20 August 2023. Entries received beyond this period will not be considered.

Click here to read the details.

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Be known for shaping the leaders of tomorrow

Tata Building India School Essay Competition is India’s most prestigious essay competition held every year across schools from over 400+ cities across the country.

It is one of the key initiatives undertaken by Tata Group with the objective of motivating the youth and fostering the spirit of nation building. Through this essay writing competition, Tata Group wishes to encourage today’s young minds to become thoughtful leaders of tomorrow.

Each year, school students are given this unique opportunity to showcase their writing skills and get recognized at 3 levels – the school level, the city level and the national level. To ensure a level-playing field, the competition is divided into two categories, viz. Junior Category for students of classes 6th - 8th, and Senior Category for students of classes 9th - 12th.

Inviteyouschool

Drive student engagement and holistic learning

A national competition like the Tata Building India School Essay Competition is a great way to foster holistic learning that is both fun and rewarding for your students. With an essay topic around nation building, students are encouraged to research, explore and think on a vast variety of subjects that make them more socially and intellectually aware.

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Help your students develop critical skills

Essays are a great way to build independent thoughts and opinions. Structuring one’s thoughts within word limits helps students frame subtle connections concisely that help articulate ideas and concepts clearly. This not only helps students write better at their

academic exams but also communicate more effectively.

National level recognition

Ultimately, a school’s achievement lies in the success of its students. Tata Building India School Essay Competition is unique in its structure of providing participating school students an opportunity to win at 3 different levels (although the essay is written only once). Winning essays at the school-level are further evaluated at the city-level and ultimately at the national-level. There are prizes and recognition given to winning students and their schools at all the 3 levels. The crowning moment for the national-level winners is the intended visit to New Delhi and a face-to-face meeting with a national dignitary.

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35th DAE All India Essay Contest

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IBA clarifies the facts: the letter to the IOC regarding two ineligible boxers was sent and acknowledged

August 5th, 2024 / IBA

essay competition india 2023

The International Boxing Association (IBA) has clarified the facts that led to the disqualification of two boxers, Imane Khelif of Algeria and Lin Yu-ting of Chinese Taipei.

  • Imane Khelif has been participating in the IBA competitions since 2018, and Lin Yu-ting has competed since 2017. Current IBA management, having been in leadership since December 2020, has been on top of the problem from the very first IBA Women’s World Boxing Championships they conducted in 2022. IBA cannot comment on the previous iterations and lack of leadership actions in this regard.
  • Following many complaints from several coaches, boxers agreed to gender testing. Blood sample collection was made on 17 May 2022. Sistem Tip Laboratory from Istanbul (License Number: 194-MRK) issued its report on 24 May 2022, after the competition ended. The laboratory detected results that didn’t match the eligibility criteria for IBA women’s events.
  • Khelif won the silver medal in category 63 kg, Lin won the gold medal in category 57 kg.
  • One test for each athlete was not enough to make a decision with respective consequences; in the case that one test mistake is possible. The lawyers advised to monitor the situation and to contact the IOC.
  • IBA informed the IOC representatives about these tests, but no reaction followed from the IOC side.
  • The situation was completely new to boxing, and IBA, following numerous consultations, decided to conduct a second testing before disqualifying the boxers. However, the second testing could only be conducted in a neutral country and within the IBA competition period.
  • At the next IBA Women’s World Boxing Championships 2023 in New Delhi, Khelif and Lin were tested following their consent again before their first fights. Blood sample collection was made on 17 March 2023. Dr Lal PathLabs from New Delhi issued its report on 23 March 2023. The findings were absolutely identical to the first test results.
  • On 24 March 2023, IBA Secretary General & CEO at the time, George Yerolimpos, informed both Khelif and Lin about their exclusion from the Championships for not meeting the eligibility criteria. The athletes received a copy of their testing and were informed about the possibility of appealing to the CAS within 21 days.
  • Khelif and Lin were informed accordingly about the decision and acknowledged it by signing the papers . The test details were attached to the letter.
  • On 26 March 2023, the IBA Board of Directors by a majority vote decided to ratify the decision taken by the IBA Secretary General & CEO on behalf of IBA to disqualify Imane Khelif and Lin Yu-ting from the IBA Women’s World Boxing Championships 2023.
  • These tests affect the private life of the person concerned and constitute medical information protected as personal data. We are not allowed to publish these documents without the agreement of the person concerned. However, both Imane Khelif and Lin Yu-ting received a copy of these tests, and they never disputed it. They know these tests exist and it is not fake.
  • Both athletes were provided with the right to appeal against the Board’s decision to the CAS.
  • Lin Yu-ting did not appeal against the decision to declare her ineligible, and it became legal and binding.
  • On 12 May 2023, IBA amended its Technical and Competition Rules. After internal discussion, it was decided by the Board of Directors that IBA competitions will be conducted only between male athletes and between female athletes. Participation of DSD athletes (“differences of sexual development”) in boxing competitions were found dangerous for health and security of the boxers.
  • Amendments made by the Board to the T&C Rules:

Definition of Men/Male/Boy = individual with chromosome XY.

Definition of Women/Female/Girl = individual with chromosome XX

Rule 4.2. Eligibility on Gender:

4.2.1.Boxers will compete against boxers of the same gender, meaning Women vs Women and Men vs Men as per the definitions of these Rules.

4.2.2.To determine the gender, the Boxers can be submitted to a random and/or targeted gender test which will be conducted by IBA in cooperation with the selected laboratory personnel.

4.2.3. In case of adverse result, the Boxer will be immediately notified by IBA.

4.2.4. In case of adverse result, the Boxer will be disqualified from such competition with immediate effect and will be prevented from competing in further IBA-owned and sanctioned competitions of that gender. For this purpose, IBA will share such information with the relevant internal bodies respecting its confidentiality.

  • On 14 April 2023, Imane Khelif appealed to the CAS against IBA challenging the decision to disqualify her from the competitions. IBA paid its share of procedural costs, which demonstrates the good faith of IBA. Not many international federations agree to pay their share of costs in CAS proceedings. On 27 July 2023, the CAS issued the termination order and terminated the proceedings because the appellant did not pay the costs of the proceedings.
  • After the termination of the proceedings before the CAS, IBA and Imane Khelif were in contact to resolve the situation. In particular, the athlete provided to IBA number of medical documents, which were examined by the IBA Medical Committee.
  • On 23 March 2023, the IBA Medical Committee issued its report about the eligibility of Khelif.
  • On 12 April 2023, IBA informed Imane Khelif about the conclusions made by the IBA Medical Committee and confirmed again that she was not eligible to participate in the IBA Women’s Competition. Therefore, her profile in Elite Women Light Welter was removed from the IBA database. She did not appeal against this decision of IBA.
  • IBA does not want to comment private life of a person. For IBA it is not a matter how Imane Khelif and Lin Yu-ting identify themselves, and what is written in their passport. IBA’s main concern is that their hormonal imbalance affords them a distinct advantage over their female counterparts within their respective weight categories. It can be dangerous for other female boxers that we have already seen during the Olympic Games. Therefore, she is not eligible to participate in the IBA competitions.
  • On 5 June 2023, IBA sent an official correspondence to the IOC regarding the case.
  • On 16 June 2023, the IOC Sports Director Mr Kit McConnell sent the acknowledgment email.
  • On 31 July 2024, the Italian Boxing Federation office sent an email inquiry to the IBA Sport Department asking about the facts that led to Khelif’s disqualification on the eve of the bout against their boxer Angela Carini at the Paris 2024 Games.
  • IBA issued the first statement about the Khelif/Lin cases following multiple media requests on 31 July 2024.
  • On 1 August 2024, Carini abandoned the fight at 66kg against Khelif at the Paris 2024 Games after 46 seconds.
  • IBA condemned the IOC’s eligibility rules that allowed disqualified boxers to participate in the Games following that the IOC was warned about their ineligibility.
  • IOC claimed at the press briefing that the organization has never been informed about the case, which was a lie.
  • IBA was forced to give a press conference on 5 August 2024 in Paris to address the situation in detail.
  • IBA issued a statement with a list of facts and attached documents following the press conference to conclude the case.

_______________

Media contact: 

Elena Sobol, Head of Communications & PR 

[email protected]  

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Independence Day 2024 Essay Tips: Celebrated annually on August 15th, India's Independence Day in 2024 marks 77 years since gaining freedom from British rule in 1947. The day features flag hoisting, patriotic songs, and cultural performances. Schools and public institutions commemorate the event, highlighting the contributions of freedom fighters and fostering national pride.

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  • Vladimir Putin spends big—and sends Russia’s economy soaring

How long can the party last?

Citizens walk around Red Square in Moscow, Russia on July 7th 2024

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A Ukrainian incursion into Russia represents an enormous embarrassment for Vladimir Putin and his military leadership. Tens of thousands of residents have been evacuated after Ukrainian troops stormed across the border. The Russian armed forces, caught off guard, are being slow to respond. The rouble is slumping, as worries mount about the future of the war. Yet on the home front, at least, things look better than ever for Mr Putin. Despite sanctions and pariah status, Russia’s economy is growing strongly. It turns out that bacchanalian spending, at a time of war, really gets things going.

essay competition india 2023

Russian GDP will rise by over 3% in real terms this year, continuing its fastest growth spurt since the early 2010s. In May and June economic activity “significantly increased”, according to the central bank. Other “real time” measures of activity, including one published by Goldman Sachs, a bank, suggest the economy is accelerating (see chart 1). Unemployment is close to an all-time low. Inflation is too high—in July prices rose by 9.1% year on year, above the central bank’s target of 4%—but with cash incomes growing by 14% year on year, the purchasing power of Russians is rising fast. In contrast with people in almost every other country, Russians are feeling good about the economy.

Consumer confidence, as measured by Russia’s statistical agency, is well above its average since Mr Putin assumed power 24 years ago. You might expect him to be goosing the numbers. But the Levada Centre, an independent pollster, finds equally startling trends (see chart 2). Only once in the past three decades has sentiment been higher. Russians’ confidence in their own financial situation, according to official data, recently jumped to an all-time high. They are more inclined to make big purchases, such as a car or a sofa, and restaurants are bursting. Last year Russians imported 18% more cognac than they did in 2019, according to our estimate, while spending 80% more on imports of sparkling wine. Sberbank, the country’s largest financial institution, notes that in June overall consumer spending rose by 20% year on year in nominal terms.

essay competition india 2023

The latest data are in sharp contrast to the 2010s. Back then, output and incomes grew slowly or not at all. By 2018 real wages were no higher than in 2012. People were fed up. A round of sanctions, which the West launched in 2014 following Mr Putin’s annexation of Crimea, contributed to the malaise. So did an unusually austere fiscal policy, involving increases in taxation and cuts to spending. The covid-19 pandemic and another barrage of Western sanctions, imposed in 2022 in response to Mr Putin’s full-scale invasion of Ukraine, compounded Russians’ financial woes.

What explains the turnaround? It is tempting to credit Russian exports. Mr Putin has been able to divert hydrocarbons once destined for Europe to other parts of the world. Russian oligarchs, and the companies they run, are doing better than had been feared at the start of the war. In reality, however, Russia’s recent export performance is nothing to write home about. Oil prices are lower than a couple of years ago. In the first quarter of 2024 the total value of Russia’s physical exports was 4% lower in dollar terms than in the same period of 2023—and a third lower than in 2022.

To understand the accelerating economy, look to two aspects of macroeconomic policy. The first is fiscal policy. Mr Putin has abandoned austerity as he doubles down on war. He is sensitive to domestic opinion and recognises that he needs to buy public support for his invasion of Ukraine.   This year Russia will run a budget deficit of 2% of GDP —hefty by its standards—which it is funding in large part by drawing on enormous financial reserves, accumulated during the 2010s. In effect, Russia saved yesterday in order to party today. Total government outlays rose by an average of 15% in both 2022 and 2023, and a slightly smaller rise is budgeted this year. Ministers are devoting much of this extra spending to the war in Ukraine. Data published by the Bank of Finland suggest that military spending will rise by about 60% this year, boosting production of weapons and ammunition, and also putting money in people’s pockets.

Patriots or mercenaries?

In July Mr Putin doubled the federal bonus for those signing up to fight from 195,000 roubles ($2,200) to 400,000 roubles, which regional authorities are supposed to top up. The government is committing vast sums to compensation for the families of those killed in action. And Russia’s splurge goes beyond war-related spending. Mr Putin is lavishing money on welfare payments: in June he raised pensions for some recipients by close to 10%. The government is also spending big on infrastructure, including a highway from Kazan to Yekaterinburg, two cities 450 miles (730km) apart. Indeed, it is spending on pretty much whatever takes its fancy. Mikhail Mishustin, Russia’s prime minister, recently boasted about a government scheme to pay for children to holiday in Crimea.

The second reason for Russia’s party economy relates to its unusual monetary policy. In order to deal with high inflation the central bank has raised interest rates from 7.5% to 18%. More increases may be on their way. This has the effect of strengthening the rouble by attracting foreign investment from “friendly” countries such as China and India, which in turn cuts the price of imports and thus inflation. It also encourages people to save, trimming consumer spending. In a normal economy higher rates would hurt indebted households and companies, as their cost of repaying debt rose. Yet the government has almost entirely shielded the real economy from tighter monetary policy.

There is a bewildering array of schemes. Earlier this year the government made it much easier for consumers to suspend repayments on loans, so long as they could prove that their income had fallen or they were “affected by an emergency”. Banks have offered loan holidays to soldiers in Ukraine. A mortgage scheme, recently closed, kept lending rates fixed at 8%, less than half the current policy rate. An “industrial mortgage” programme has channelled lending to companies at rates as low as 3% a year. Banks’ arms are also twisted so that they do not raise rates too far. When the financial sector loses income as a consequence, the state often steps in to make up the difference.

essay competition india 2023

This meddling has easily observable effects. According to official data, in the first quarter of this year households spent 11% of their disposable income on servicing debt—about the same as three years ago, when the policy rate was considerably lower. In the past year the interest rate facing households and firms has risen, but by only about half as much as the policy rate (see chart 3). New borrowing remains healthy. Lending to companies is growing at more than 20% a year. Since Russia invaded Ukraine, unsecured consumer lending has grown about as fast as nominal wages, which is to say very fast indeed.

How long can the party last? Much depends on the war. A continued slump in the rouble would raise inflation; more military recruitment would worsen labour shortages. At some point, people may get angry about the cost of living. And Mr Putin cannot run budget deficits for ever: at current rates, Russia’s reserves will be gone in five years or so. But the economy has also shown its resilience in recent years. So, for now, the party continues. ■

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Explore more

This article appeared in the Finance & economics section of the print edition under the headline “Happy home front”

Finance & economics August 17th 2024

How vulnerable is israel to sanctions, europe’s economic growth is extremely fragile, how to invest in chaotic markets, what is behind china’s perplexing bond-market intervention, why companies get inflation wrong.

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The Australian Professor Who Turned Breaking on Its Head

Rachael Gunn, known as B-girl Raygun, displayed some … unique moves as she competed in a field with breakers half her age. The judges and the internet were underwhelmed.

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A woman wearing green track pants, a green polo shirt and a cap poses with her hand up in front of a judges table.

By Dodai Stewart and Talya Minsberg

Reporting from Paris

Breaking made its debut as an Olympic sport Friday, and among the competitors was Dr. Rachael Gunn, also known as B-girl Raygun, a 36-year-old professor from Sydney, Australia, who stood out in just about every way.

By day, her research interests include “dance, gender politics, and the dynamics between theoretical and practical methodologies.” But on the world’s stage in Paris, wearing green track pants and a green polo shirt instead of the street-style outfits of her much younger fellow breakers, she competed against the 21-year-old Logan Edra of the United States, known as Logistx.

During the round robin, as Raygun and Logistx faced off, Raygun laid on her side, reached for her toes, spun around, and threw in a kangaroo hop — a nod to her homeland. She performed a move that looked something like swimming and another that could best be described as duckwalking. The high-speed back and head spins that other breakers would demonstrate were mostly absent.

The crowd cheered Raygun politely. The judges weren’t as kind. All nine voted for Logistx in both rounds of the competition; Logistx won, 18-0.

Online, Raygun’s performance quickly became a sensation, not necessarily in a flattering way.

“The more I watch the videos of Raygun, the Aussie breaker, the more I get annoyed,” one viewer posted on X, formerly known as Twitter. “There’s 27.7 million Australians in the world and that’s who they send to the Olympics for this inaugural event??? C’mon now!”

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IMAGES

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