Context: The government’s economic recovery hype is no rights and this is not a time for fiscal conservatism. What is current economic scenario? India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, both good and bad. It is far lower than the 23.9% contraction registered in the first quarter of… Continue reading Dangers of misplaced optimism in economy
Category: 9 PM Daily Articles
Authorisation of coronavirus vaccines
Context: Safety and efficacy data for the new vaccine must be known before emergency-use authorisation for vaccines. Why in news? The Pune-based Serum Institute of India has approached the regulator for nod for its vaccine, Covishield, developed by Oxford University. AstraZeneca, which is carrying out the phase-3 trials of the Oxford vaccine in four countries, is… Continue reading Authorisation of coronavirus vaccines
Coercive and Liberal environmentalism
Context– India’s ability to influence the new geopolitics of climate change will depend a lot on its domestic political resilience in adapting to the new imperatives. What are China’s climate commitment? China would become carbon net-zero by the year 2060. Also, China now aims to have CO2 emissions peak before 2030.That means China would not… Continue reading Coercive and Liberal environmentalism
Farmers could perish with new farm acts
Context- Agricultural operations may flourish with new farm acts, but they threaten to lead to the marginalization of the farmers How farmer’s protest is unique? Farmer’s group come together– 31 farmers’ organizations, which have different ideologies and leanings, are to fight collectively against these Bills. Kept politician out of agitation– The unions came together and formally decided to keep politicians… Continue reading Farmers could perish with new farm acts
A new roadmap for end of oil age
Context: The latest book The New road Map: Energy, Climate and the Clash of Nations, provides some pointers on how should India navigate future energy transitions. Explain the key pointers on navigating future energy transitions. Future pathway: It pulls together the transformative occurrences and technologies that have shaped the energy world in recent years into… Continue reading A new roadmap for end of oil age
Highlights of MPC meeting
Context- RBI in its 6th bi-monthly MPC meeting voted unanimously to maintain status quo on benchmark interest rates to support the economy. What were the key highlights of latest MPC meeting? The Monetary Policy Committee (MPC) recently left benchmark interest rates unchanged and maintained an ‘accommodative’ policy stance as it prioritized support for the economy’s… Continue reading Highlights of MPC meeting
Monoculture farming- depleting natural resources
Context- In the ongoing farm debate in the country the green reality check seems to be missing. What is agro ecology? It is a concept where agriculture sector of a country expanded along with keeping environmental protection [agriculture with sustainable environmental practice]. What is monoculture farming and is Impact? Monoculture is the agricultural practice of growing a single… Continue reading Monoculture farming- depleting natural resources
Issues in Labour codes
Context: The labour codes will only better India’s ‘ease of doing business’ ranking instead of improving conditions of employment What is the Significance of Labour codes? Will generate employment and secure the basic rights of the workers. It will universalise the right to minimum wage of workers and social security entitlements. Why, have the labour… Continue reading Issues in Labour codes
India’s stand against ‘UN’s selectivity on religions’
Context: India criticised UN Alliance of Civilizations (UNAOC) for “selectivity” in seeking to protect Abrahamic religions — Islam, Christianity and Judaism over others. What is UNAOC? UNAOC is an organisation which was set up in 2005 Objective: to prevent polarisation between societies and cultures and to bridge differences between them. How UNAOC criticised India? The… Continue reading India’s stand against ‘UN’s selectivity on religions’
Exclusive arbitration body for financial disputes
Context: India needs a special arbitration body for financial disputes. Why financial institutions resort to litigation instead of arbitration for settling disputes? Courts are more powerful: Litigation, offers a more potent forum for recovery of money and resolving financial disputes as the judges are vested with stronger powers than an arbitrator. such as interim measures,… Continue reading Exclusive arbitration body for financial disputes
