Context: India’s External Affairs Minister recently disapproved of free trade and globalisation. Background: On November 15,15 countries of the Asia-Pacific region signed the Regional Comprehensive Economic Partnership (RCEP) agreement while India refused not to sign RCEP. What were the rational arguments given by the government to walk away from RCEP? In the name of openness… Continue reading FTA’s and its significance
Category: 9 PM Daily Articles
lakshmi vilas bank crisis
What are the reason of RBI to put LVB under moratorium and amalgamated with DBS Bank? The RBI has now decided to impose a 30-day moratorium on Lakshmi Vilas Bank Ltd (LVB) due to the following reasons- Continuous Losses: The RBI said the financial position was declining steadily, with continuous losses over the last three… Continue reading lakshmi vilas bank crisis
Threat to Democracies
Context: Problems faced by the leading democracies in the world. What are the issues that are threatening the Democracies? Identity crisis: The issues of identity, or threats to identity, are becoming an important issue in elections, across democracies. Menace of Fake news: Manipulation of grievances by using psychometric techniques and use of ‘deep fakes’ made… Continue reading Threat to Democracies
Regulating free speech
Context: The Supreme Court’s has questioned the Union government on the measures it can and is willing to take against communally slanted television coverage. More on news: It appears to be an attempt to bring about a commitment to a course of action that will curb inflammatory journalism on broadcast media. The Court has distinguished between… Continue reading Regulating free speech
Export: A key to economic growth
Context: Arvind Panagariya’s new book, India Unlimited: Reclaiming the Lost Glory, discuss systematically how to reconstructs a path to higher growth. What is the present scenario? Public sectors confronting a mountain of debt, the fiscal will need to be reined in post-COVID across several emerging markets. COVID-19 will accentuate the prevailing export pessimism, as global potential… Continue reading Export: A key to economic growth
Moratorium on Lakshmi Vilas Bank
Context: RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. Why it is a concern? Already, India’s banking system is distressed due to the failures of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, followed by the bailout of Yes Bank. Now, the Reserve Bank of India decision to… Continue reading Moratorium on Lakshmi Vilas Bank
Federal Water Governance Ecosystem
Context- Importance of Centre-States coordination to deal with the emerging challenges of inter-state water governance. How the two bills on water can attend the longstanding issue of inter-state externalities The Interstate River Water Disputes Amendment Bill 2019– The bill seeks to improve the inter-state water disputes resolution by setting up a permanent tribunal supported by a… Continue reading Federal Water Governance Ecosystem
Government interventions
Context – The Government’s core belief in ‘minimum government’, which ties its hands when it comes to fiscal measures even in such harsh economic conditions. What are the reasons for the failure of stimulus packages? Lack of Demand– The aggregate demand for goods and services again is dependent on the income and purchasing power of people, which… Continue reading Government interventions
Urbanisation and pandemic
Context: Prime Minister Narendra Modi’s call for a reimagining of urban planning and development to make cities and towns healthy and liveable after COVID-19. More on news: PM emphasised resetting the mindset, processes and practices for safe urban living, and acknowledged that governments actually do little for the working millions at the Bloomberg New Economy… Continue reading Urbanisation and pandemic
Judicial Barbarism
Context: Judicial barbarism is now a systematic phenomenon with deep institutional roots. How democratic barbarism and judicial barbarism are related? Democratic barbarism: It is a politics that sees protest, dissent, and freedom of expression all through the prism of potential enemies of the state. It occurs when the state treats a section of its own… Continue reading Judicial Barbarism
