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Economic tools of foreign policy

But to do that, we need to understand what tools we have to enact foreign policy and how they're used. Broadly, we have three categories of foreign policy tools: Economic Tools, Military Tools and Humanitarian Tools. Each of these allow us to move nations in different ways Economic Sanctions: Effectiveness as Tools of Foreign Policy Economic Sanctions: Effectiveness as Tools of Foreign Policy NSIAD-92-106 Published: Feb 19, 1992

Foreign Policy. The term foreign policy refers to a state's international goals and its strategies to achieve those goals. Foreign policymakers follow the same five steps with which public policy gets made: Agenda setting: A problem or issue rises to prominence on the agenda. Formulation: Possible policies are created and debated The foreign policy tools actually used are largely dependent on a nation's foreign policy agenda. Most contemporary issues are seen to be multifaceted in nature, and will thus need to be approached with a combination of these instruments. The established goals of a state's foreign policy agenda will also affect the choice of tools The use of economic and financial tools such as foreign aid, trade concessions/denial, and the imposition of economic sanctions has been one of the most widely used tools of foreign policy in the repertoire of the global and regional powers. B/1: Foreign Ai

International economic policy has various tools in the International Monetary Fund. The international financial tools are implemented by the central bank of the country. The adjustment of the.. Among Economic instruments the main tool is investments - that's what China does actively today - creating its Belt and Road initiative (stack of investments projects in variety of countries from ASEAN to EU with governmental involvement) Economic statecraft and economic diplomacy involve using diplomatic skills with economic tools to advance a country's economic, political and strategic goals. The overarching economic statecraft and the day-to-day economic diplomacy are enormously important parts of the United States' international policy Since the end of the Cold War, the United States has come to rely more and more on economic tools to advance its foreign policy goals. Some of these tools, such as sanctions, involve the direct application of economic pressure. Others, such as the promotion of free trade and open markets, work by changing other countries' incentives three categories of tools. Diplomatic tools, Economic tools, Tools associated with use of military force. diplomacy. Conducting relations between nations through negotiations and dialogue; Tool of first resort used to resolve differences peacefully. diplomats

Against this background, this article aims to assess a set of Polish economic incentives as tools of foreign policy toward Ukraine. Their effectiveness is estimated on the assumption that, besides specific Polish initiatives, the inducements introduced by the EU were predominant Economic policy instrument, as opposed to other means of statecraft relying primarily on negotiation (diplomacy) or force (military statecraft), economic statecraft relies on instruments primarily aimed at affecting other actor's- production and consumption of wealth, for example, denying or promising aid or trade boycott Foreign Policy Tools: Budget, Aid, Defense, Force Mickey Edwards and Stephen J. Solarz Saturday, March 1, 1997 American spending on foreign assistance and diplomacy has fallen by more than 15.. Start studying TOOLS OF FOREIGN POLICY AP GOV EXAM. Learn vocabulary, terms, and more with flashcards, games, and other study tools

Agreements. International agreements represent another of the broad-based foreign policy instruments/tools. The United States finds it useful to enter into international agreement s with other countries for a variety of reasons and on a variety of different subjects. These agreements run the gamut from bilateral agreements about tariffs to. Purpose The United States and other nations use economic sanctions as an important tool of foreign policy, and sanctions have been used with greater frequency in recent years. At GAO the request of the Chairman, Senate Committee on Foreign Relations If the intention of new economic policy is to alter the trade balance with another country by placing restrictions on imports, we consider that foreign policy. Similarly, if the primary target is inside the country, it is considered domestic policy, even if it affects others outside the country's borders Employment and Economic Boost: Foreign policy is designed to ensure a country gets the best in terms of trade deals and favor for its citizens. A good foreign policy will ensure the citizens of a country gets more employment opportunities. 4

Economic Sanctions: Effectiveness as Tools of Foreign Polic

Economic Tools. These NRCS Economic Tools are organized by landuse and type of conservation planning analysis. Please contact any of the NRCS State Economists or Center Economists if you have questions on their usage. Handbooks. Economic Case Studies Economic statecraft, the use of economic means to pursue foreign policy goals. Foreign aid, trade, and policies governing the international flow of capital can be used as foreign policy tools and are considered the most common forms of economic statecraft This lesson will explain some of the different tools used in foreign policy. It will focus on diplomacy, sanctions, containment, collective security, deterrence, and military force

Money, Money Supply & Monetary Policy

Foreign Policy: Tools of Foreign Policy SparkNote

Tools for Achieving Foreign Policy Goals The Borgen Projec

Her seamless bridging of the economic, political and security dimensions of U.S. foreign policy has provided a more robust direction to our participation in the global economy. Economic statecraft. In each case, economic sanctions and other tools of economic statecraft have emerged as potential policy responses. For instance, on February 10, President Biden announced that the United States would be imposing sanctions against the generals in Myanmar responsible for the recent coup To be successful, diplomats must listen carefully to what their counterparts say and find points of agreement which may overcome those of disagreement. And they need to enter discussions with a clear goal and strategy of what can be exchanged to reach agreement. In negotiating, diplomats often use rewards—such as the promise of new trade, an. On the relationship between public diplomacy and foreign policy it can be said that foreign policy included objectives and diplomacy is the tool and mechanism to achieve those objectives; just like economy, advertisement, military forces, culture and ideology are considered as other tools of foreign policy The first is to fuse strategic thinking about political and economic power while adding economic tools to our diplomatic kit. Trade and capital flows are continuing to rise, and emerging nations.

Foreign Policy: Tools & Instruments - Shahid Hussain Raj

  1. Today, one of President Xi Jinping's central foreign policy initiatives, the Belt and Road Initiative (BRI), is a potentially trillion-dollar testament to Beijing's commitment to using loans, infrastructure projects, and other economic measures as foreign policy tools
  2. Economic Diplomacy Is Key Part of Foreign Policy. Since its inception, economic diplomacy has been part of Kazakhstan's foreign policy as a key mechanism for achieving productive economic and trade relations at bilateral and multilateral levels. It remains a key tool for the development of effective cooperation between countries and regions.
  3. ed. Economic analysis is a process in which the strengths and weaknesses of an economy are deter
  4. g more powerful Trade regulations, tariffs, and monetary policies Diplomatic: the quietest of the tools Negotiations and summit

Tools of Foreign Policy Handout Tools of Foriegn Policy Diplomacy-The conduct by government officials of negotiations and other relations between nations. Foreign Aid - Assistance given by a government to other nations. It can include military and economic aid. Sanctions - Actions taken by governments to punish other nations. These can include diplomatic, economic, military and cultural. policy tools. The focus of American aid to foreign countries reflects, as it always has, national political and economic philosophies and objectives. One of the primary objectives has always been and continues to be hu-manitarian. As President John F. Kennedy said in his message to Con-gress on the subject of foreign aid, the United States has Economic sanctions have played an important role in foreign policy throughout the twentieth century. In a comprehensive study of sanctions, we have documented 103 cases since the beginning of World War I where sanctions have been deployed by a number of countries in pursuit of foreign policy goals.1 The United States has prac Sanctions are ultimately blunt tools of foreign policy, because their deployment is rarely precise enough to affect only the target economy, and because they presuppose that economic harm will.

POLICY BRIEF #34. The widespread use of economic sanctions constitutes one of the paradoxes of contemporary American foreign policy. Sanctions are frequently criticized, even derided. At the same. Many foreign policy experts advocate using economic sanctions to motivate foreign governments to change policy. And, while it may be true that many of these governments could improve their countries with policy reforms, history shows that economic coercion doesn't work. Both conservatives and liberals like to use economic coercion. For more than 45 years, conservatives have largely been respo August 2020 Monetary Policy Strategies and Tools: Financial Stability Considerations. Jonathan Goldberg, Elizabeth Klee, Edward Simpson Prescott, and Paul Wood. Abstract: This paper examines potential interactions between financial stability and the monetary policy strategies and tools considered in the Federal Reserve's review of monetary policy strategy, tools, and communication practices

Sanctions have become one of the most favored tools for governments to respond to foreign policy challenges. Sanctions can include travel bans, asset freezes, arms embargoes, and trade restrictions -Complete Notes: Foreign Policy Tools Complete the notes chart as we go over each term.-Application of Goals and Tools In your groups, read each scenario and hold a discussion on the questions below. Feel free to use the provided resource sheet and your notes to help you address the questions appropriately and completely

Tools of Foreign Policy-The President serves as the Chief Diplomat, and is charged with running U.S. Foreign Policy-Cabinet members, Intelligence agencies, Congress, Courts, and State and Local governments assist Three Tools 1. Diplomatic Tools 2. Economic Tools 3. Military Tools Using Economic Tools to Solve Foreign Policy Challenges. Many of America's national security objectives hinge on key economic dimensions, and economics must play a central role in our policy responses. The Department is better harnessing market forces to advance U.S. political and security interests. For example Economic diplomacy is a form of diplomacy that uses the full spectrum of economic tools of a state to achieve its national interests. The scope of economic diplomacy can encompass the all of the main international economic activities of a state including, but not limited to, policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements, etc Since economic sanctions are being used more frequently as a tool of foreign policy, analyzes (1) what political goals economic sanctions can and cannot achieve; (2) the social, economic, political and psychological effects of the measures; and (3) the situations in which sanctions are likely to succeed and when they may fail

Identify the tools of international economic policy in the

  1. Tools and goals. Policy is generally directed to achieve particular objectives, like targets for inflation, unemployment, or economic growth. Sometimes other objectives, like military spending or nationalization are important. These are referred to as the policy goals: the outcomes which the economic policy aims to achieve
  2. Foreign aid is a tool of foreign policy, not solely an instrument for the economic development of poor countries. However, scholars, such as Diamond ( 2008 ), believe that poverty reduction, the institution of good governance, and the growth of democracy in developing states are in the national interests of donor states
  3. es how economic sanctions can and cannot be used as effective tools of American foreign policy
  4. Examples of Foreign Policy. In 2013 China developed a foreign policy known as the Belt and Road Initiative, the nation's strategy to develop stronger economic ties in Africa, Europe, and North America. In the United States, many presidents are known for their landmark foreign policy decisions such as the Monroe Doctrine which opposed the.
  5. Traditionally, for the EU, economic opportunities should not dictate foreign policy goals. At the same time, foreign policy goals should not neglect economic opportunities. Yet in the context of the future of a global strategy, foreign policy objectives would benefit from using economic tools more systematically to advance their goals

TOPIC: ECONOMIC SANCTIONS ARE NOT EFFECTIVE FOREIGN POLICY TOOLS Generally, foreign policy is consisting of decisions and actions that involve to some appreciable extent interstate relation (Frank J.) There are various of tools of foreign policy that is applicable such as diplomacy, foreign aid, deterrence, sanction and military force. All of this have their own level of severity and benefit. Third, break the domestic/foreign policy silos. For decades, U.S. foreign policy has operated in a relatively isolated sphere. National security strategists and foreign policy planners have articulated national interests and set the direction of U.S. policy largely through the prism of security and geopolitical competition

• The emergence of new policy ISSUES in foreign policy such as cybersecurity, privacy, data governance, e-commerce, and cybercrime • The use of digital TOOLS in the practice of diplomacy such as social media, online conferencing, and big data analysis While digital tools, in particular social media, hav Home / Articles / Tools of Statecraft: In November 1918 Germany did not imagine the political and economic price that Versailles would impose on it. The Foreign Policy Research Institute is dedicated to producing the highest quality scholarship and nonpartisan policy analysis focused on crucial foreign policy and national security. As Switzerland is upgrading its foreign policy structure, it will be interesting to follow how it will coordinate diplomatic activities regarding data, the central pillar of the Swiss strategy and an area which requires a cross-cutting approach which involves security, human rights, technological, economic, and other policy aspects

foreign policy tools in their dealings with other countries, but their ability to successfully exert power varies. This project seeks an explanation for the patchy record of foreign aid and economic sanctions in the political incentives of targeted leaders. Understanding th Secondly, the article further examines Nigeria's foreign policy in the Fourth Republic (from 1999 to 2013) with a view to noting if there has been any critical shift in Nigeria's African-centered altruistic foreign policy to that of economic well-being and development

Economic prosperity, accomplished mostly through trade policy, is a second major goal of American foreign policy. Expanding employment in the United States, maintaining access to foreign energy supplies, promoting foreign investment in the United States, and lowering prices for American consumers are all aims of American foreign economic policy Thus, economic sanctions seem to be ineffective in resolving foreign policy challenges, because they don't help to bring internal conflicts to an end. On the contrary, they can cause a backlash by fuelling the radicalization of the population of the sanctioned countries, due to the serious negative implications on public health and human rights Republic Act No. 7157, otherwise known as Philippine Foreign Service Act of 1991, gives mandate to the Department of Foreign Affairs to implement the three (3) pillars of the Philippine Foreign Policy, as follows: 1. Preservation and enhancement of national security. 2. Promotion and attainment of economic security. 3 In making assessments of Russia's behavior in the world, it is critical that we recognize that Russia is not a totalitarian state ruled by a Communist Party with a single, clearly articulated foreign policy. That state disappeared in 1991. Rather, Russia is a democratizing state, and Russia's foreign policy, in turn, is a product of domestic politics in a pluralistic system

In this capacity, she worked on a range of foreign policy issues related to the advancement of women, including global health, girls' education, and gender integration in U.S. foreign policy. Besides leveraging a broad range of foreign policy tools, Biden's climate-centered foreign policy is innovative in another way—it is thoughtfully tailored to advance his domestic agenda. In order to be successful over the long run, any big foreign policy initiative must be responsive to domestic priorities and popular concerns At times, powerful states choose a nationalistic universal policy. Various types or kinds of foreign policy are the outcomes of these choices. In this article, these choices and types are examined. 1. Policy of Imperialism: Many powerful and ambitious nations tend to dominate and rule over others US foreign aid is an essential part of American foreign policy. The U.S. extends it to developing nations and for military or disaster assistance. The United States has used foreign aid since 1946. With annual expenditures in the billions of dollars, it is also one of the most controversial elements of American foreign policy

Making Foreign Policy. Under the Constitution, both the president and Congress have a role in foreign policy. Each has been given specific powers and has assumed additional authority either through precedent or by relying on other constitutional responsibilities. Since the Vietnam War, Congress has tried to exert more influence and control over. April 2021 The Global Transmission of Real Economic Uncertainty. Juan M. Londono, Sai Ma, and Beth Anne Wilson. Abstract: Using a sample of 30 countries representing about 65% of the global GDP, we find that real economic uncertainty (REU) has negative long-lasting domestic economic effects and transmits across countries Tools of Foreign Policy Making What tools and methods states employ to achieve their Foreign Policy objectives or to protect their National Interests? 1) Hard Power (Carrot and Stick): Military Threats, Military Action, Military Aid, Economic Sanctions, Economic Inducements, etc. 2) Soft Power (Appeal and Sermons): Diplomacy, Negotiation. In its 15 years of rule in foreign policy, AK Party governments have attempted to increase Turkey's engagement with neighboring regions, to expand foreign policy horizons to new areas, and also to diversify the tools of foreign policy. We can talk about a certain degree of success in these initiatives Under the ambitious leadership of President Xi Jinping, China is zealously transforming its wealth and economic power into potent tools of global political influence. But China's foreign policy initiatives, even the vaunted Belt and Road, will be shaped and redefined as they confront the ground re..

What are the economic instruments of a foreign policy? - Quor

The objective of this research is to determine the economic methods (tools) used by Russia to achieve its foreign policy interests. Since Russia operates in the context of the world political and economic system, the research objective also included description of this system architecture, its main parameters and the place of Russia within this system established by the International Emergency Economic Powers Act of 1977.5 In this two-branch system of conducting foreign policy, there can be tension and overlap between the priorities and actions of Congress and those of the president. For example, Congress has the power to declare war, but it has done THE TOOLS OF FOREIGN POLICY. But the tools of foreign policy have domestic consequences+ Military interven-tions, trade policy, foreign aid, economic sanctions, and alliance commitments, for instance, all exact costs from and provide benefits to different sectors of the domestic polity+ To use these tools to advance a country's international goals mean Diplomacy, negotiation, economic aid, economic sanctions, trade restrictions, and military force are some of the tools of foreign policy vast economic wealth to advance foreign policy goals. China is using economic statecraft more frequently, more assertively, and in more diverse fashion than ever before. Yet fears of China's economic coercion should not be overdrawn. Diverging interests across the broad array of state and commercial actors engaged in China's economic

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ADVERTISEMENTS: The following points highlight the three major tools used by government to influence private economic activity. The tools are: 1. Taxes 2. Government Expenditures 3. Regulation and Control. Government Policy: Tool # 1. Taxes: Taxes reduce income of individu­als and companies and thus reduce private expen­ditures (on motor cars, television sets, or liquor). However, [ Sometimes, comprehensive economic sanctions are placed against a country, such as Iran, that threatens U.S. security with weapons proliferation or an adversarial foreign policy. In other instances, such as in Somalia, individual actors who threaten the peace and stability of a certain country are targeted Economic prosperity, accomplished mostly through trade policy, is a second major goal of American foreign policy. Expanding employment in the United States, maintaining access to foreign energy supplies, promoting foreign investment in the United States, and lowering prices for American consumers are all aims of American foreign economic policy

What Is Economic Diplomacy and How Does It Work

Hoffman attempts to view IR as a field that studies the foreign policies of states and factors determining the nature of such policies. The view is reinforced by (1999) who argues thatOla International Relations are the study of all forms of interactions that exist between members of separate entities or nations within the international system Inability to segregate strategic policy from politics in general- need bipartisanship in foreign policy and a revised method for choosing presidential candidates. Inability to relate national security issues and economic burdens they entail with national economic strategy. Inability to define what it is that is to be contained Digital tools for foreign policy and diplomacy: Switzerland mentions a number of relevant digital tools, in particular in the priority area on prosperity and sustainable development. In a foreign policy and diplomatic context, satellite images and big data analysis for conflict resolution and peacebuilding are explicitly mentioned

The Use and Misuse of Economic Statecraft Foreign Affair

  1. The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades.
  2. Main navigation and global tools. Global tools Text size. To change text size, press Ctrl (Cmd on a Mac) and press + to increase or - to decrease. Ministry of Foreign Affairs Ine Eriksen Søreide (Conservative Party) Subscribe for news alerts about Economic Policy
  3. Foreign Policy Instruments Lasswell's (1958) classic creation of his fourfold foreign policy instruments already distinguished the political (propaganda), diplomatic, economic and military instruments and discussed the different value outcomes and the institutions of society sharing them (Lasswell, 1958 p.202)
  4. Restraining Ourselves: Helping by Not Hurting. Date. February 2020. Authored by. Nathan Nunn. Download PDF. In this brief, I discuss the current state of economic development policy, which tends to focus on interventions, usually funded with foreign aid, that are aimed at fixing deficiencies in developing countries
  5. istered by the government. Examples of economic policies include decisions made about government spending and taxation, about the redistribution of income from rich to poor, and about the supply of money
  6. Unilateral Sanctions Are Not Potent, Efficacious Foreign Policy Tools-Historically, economic sanctions have a poor track record. Between 1914 and 1990, various countries imposed economic sanctions in 116 cases. They failed to achieve their stated objectives in 66 percent of those cases and were at best only partially successful in most of the rest
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Tools of Foreign Policy Flashcards Quizle

Today Craig finishes up our series on U.S. Government and Politics by talking about both the least and most important aspect of government: foreign policy. F.. Monetary policy tools try to give everyone the same chance at success. The reality of any financial market, however, is that any shift in policy will create economic winners and losers. These tools try to limit the damage to the people who struggle under the changes made while enhancing the benefits of those who see currency gains. 4 With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. As proposed in the Council on Foreign Relations policy memo, the new US administration should take stock of the existing tools at its disposal with the potential to promote women's economic.

The Complexity and Necessity of a European Foreign Policy. The European Union is still the world's first economic and trade power, despite the fact that European nations have been hard hit by the recent recession while other countries have experienced rapid growth Economic sanctions are fast becoming a standard foreign policy tool. They are used by a sender country or countries to change the geopolitical decision-making of the government of a target country. Recent perceived successes in the context of global economic integration, for example in the case of Iran, have ramped up the use of sanctions in.

Special Economic Zones (India)

Economic Growth, Energy, and Environment. Economic Growth, Energy, and Environment and deploying economic tools to deny financing to terrorists, human rights abusers, and corrupt officials. Economics has become the indispensable foreign policy tool of our time. Everything we do is to ensure that the United States remains the world's. 1.2. Debates on Foreign Aid Impact on Economic Growth. Critics of foreign aid maintain that foreign aid discourages domestic saving and domestic tax revenue in developing countries and is simply diverted into consumption instead of investment. The same in Ethiopia as other developing countries (NBE, 2018) India's economic diplomacy. To derive the full political benefits of economic diplomacy, the leadership will have to act decisively to break the old mindset, which defines national security and trade policy in separate and narrow terms. WITHOUT MUCH ado, a new trend is quietly transforming the nation's foreign policy — economic diplomacy

Economic Incentives as Tools of Foreign Policy: Polish

It will be the ability to use socio-political, economic, and military instruments in concert with one another, as integrated components of wise foreign policy managed deftly and with discipline, that will differentiate the rule-setter from the rule-follower, and that will separate peace from war US administrations have a broad toolkit of measures with which to address foreign policy and national security challenges: diplomatic engagement, military response, economic support, legal assistance, and economic and financial sanctions, among others. An administration may choose specific tools for an array of different reasons Domestic, international, and economic concerns shape U.S. policy in Iran. Have students trace U.S. foreign policy beginning with the time of the hostage crisis in Iran. Note changes and shifts. In line with the enterprising aspect of her foreign policy, Turkey uses several complementary political, economic, humanitarian, and cultural tools and conducts a diplomacy that thinks globally but also acts locally in every corner of the world. With 252 diplomatic and consular missions, Turkey has spawned the 5th largest diplomatic network.

Economic Sanctions as a Foreign Policy Tool: The Case of

Economic and trade sanctions have become a top U.S. foreign-policy tool under the Trump administration, and that would be unlikely to change under his Democratic challenger, Joe Biden (e.g. economic, military). Thus, a foreign policy is a vision of a desired outcome or set of interests in interacting with another state/actor, the strategies and ideas used in achieving these goals, and the available resources at a state's disposable, in guiding her interaction with othe Economic statecraft consists in using economic and financial means to achieve foreign policy goals. It is most frequently associated with sanctions, a tool much of the Washington establishment sees as a legitimate and effective way to pressure deviant governments By Wazim Mowla. News Americas, WASHINGTON, D.C., Mon. April 18, 2021: While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana's has centered on promoting its economic development at home. Guyana, whose oil resources has brought it new political and economic capital, is using its ministry of foreign affairs. Consistent with these three axes, foreign policy shall be focused on the consolidation and reinforcement of institutions and on policies that, in turn, must be attuned to the pace of the changes outlined in the international system. To this end, the Government has made special emphasis on achieving growth and competitiveness, equal.

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The current leadership views foreign policy as a tool to serve Cambodian national economic development. But it needs to be more visionary, robust and strategically calculated. As a small country, Cambodia has to survive in, be part of, and emerge from the complex and unpredictable global security and economic systems China is expanding its diplomatic and economic activity in South Asia as part of an overall effort to enhance its global influence. The future direction of relations between China and India, two. reform led to high cost of economic inefficiency, bottleneck of essential industrial intermediate goods, shortage of foreign exchanges and consumer goods, and low average real wage. The strategy was changed in 1980 due to the well-known economic reform and open-door policy initiated by Mr. Deng Xiaoping Whether you want it, like it or not you have neighborhood. And foreign policy is about keeping good, healthy relations with neighbours. The scope is expanded as everyone is our neighborhood now. Foreign policy is country's orientation towards othe.. Monetary policy consists of decisions and actions taken by the Central Bank to ensure that the supply of money in the economy is consistent with growth and price objectives set by the government. The objective of monetary policy is to maintain price stability in the economy. Price stability refers to maintenance of a low and stable inflation Nature and Objectives of Economic Policies Submitted by: Astha Ahir Hema Singh J.Pooja Lekshmi P Mamta Singh Rama Pruthi Tanvi Srivasthav