Synopsis: Employment opportunities need to expand in areas where labour is deployed to deliver higher productivity for enterprise and higher returns to labour. Introduction India’s unemployment rate in August was 8.3 per cent and, it signifies very high unemployment rates. What are some concerns regarding unemployment in India? High unemployment rate: Periodic Labour Force Survey… Continue reading A Job to do: On unemployment in India
Category: 9 PM Daily Articles
Bad bank will help clean up balance sheets, but credit culture must change for healthier financial system
Synopsis: Issues and challenges that may impact the performance of the National Asset Reconstruction Company Ltd. Introduction The balance sheets of banks show stressed loans worth Rs 2 lakh crore. To address this problem the government had envisaged the formation of National Asset Reconstruction Company Ltd (NARCL) referred to as the bad bank within a… Continue reading Bad bank will help clean up balance sheets, but credit culture must change for healthier financial system
Bringing woolly mammoths back from extinction might not be such a bad idea — ethicists explain
Synopsis: There’s a strong case for trying out novel methods to restore lost species and damaged ecosystems. A look at the related issues. Introduction The United States startup Colossal Biosciences has announced plans to bring woolly mammoths, or animals like them, back from extinction and into the frosty landscape of the Siberian tundra. Colossal proposes to use CRISPR… Continue reading Bringing woolly mammoths back from extinction might not be such a bad idea — ethicists explain
The PLI plan for our automotive sector can accelerate its success
Synopsis: The new PLI scheme will incentivize the industry to move into higher-value-added technologies and thus spur sectoral growth Introduction The Union Cabinet has decided on a major new production-linked incentive (PLI) scheme aimed at reviving and transforming the automotive sector in India. The planned outlay of government funds for the scheme is in excess… Continue reading The PLI plan for our automotive sector can accelerate its success
Clean energy prospects beyond the 100GW milestone
Synopsis: Regular policy interventions by the government, an investment push and fiscal stimuli over the years have helped India emerge as a global front runner in the clean energy ecosystem. Introduction Despite the covid pandemic, steady growth has helped India cross the 100-gigawatt (GW) target of installed capacity. Today, we stand 4th in the world… Continue reading Clean energy prospects beyond the 100GW milestone
How green is my central bank
Synopsis: Green climate and other bonds, and fixed-income assets, cannot guarantee carbon neutrality. Introduction The Bank of Finland has announced that its investment portfolio will be carbon-neutral by 2050. Also, many western central banks are making similar announcements. However, the author of this article states that resorting to green climate financing by central bank (RBI)… Continue reading How green is my central bank
Two democracies and their vigilante problem
Synopsis: With incidents of mob justice and vigilantism increasing, it becomes important to understand the dimensions of the word Vigilante. Introduction This article highlights how the word “Vigilante” has different meanings in two different democracies. What is Vigilantism? It is a process of law enforcement undertaken without legal authority by a self-appointed group of people.… Continue reading Two democracies and their vigilante problem
Going down the wrong path
Synopsis: India slips on indices of freedom and the government has not even acknowledged there is a problem. Introduction Recently, the government decided to leverage the monitoring of select Global Indices to drive reforms and growth in the country”. The Development Monitoring and Evaluation Office of the NITI Aayog, set up in September 2015, will… Continue reading Going down the wrong path
E-Shram needs some hard work to get going
Synopsis: India’s challenge of providing social security benefits to unorganized workers can be revamped through initiatives like E-Shram. Introduction The Ministry of Labour and Employment (MOLE) launched the E-Shram, the web portal for creating a National Database of Unorganized Workers (NDUW), which will be seeded with Aadhaar. What is e-Shram Portal? e-Shram Portal is a database… Continue reading E-Shram needs some hard work to get going
Recruit transgenders to foster greater diversity
Synopsis: As society talks more about gender inclusion, we need to take a deeper look at all the dimensions of gender. Introduction Recently, Tata steels have welcomed transgender individuals as candidates for their job openings. Also, Dutch paints in collaboration with National Small Industries Corp opened a painting academy designed to focus on the training… Continue reading Recruit transgenders to foster greater diversity
