News: The Union government’s asset monetisation plan seems to be facing resistance from government departments and public sector enterprises (PSEs). The government’s target of mobilising Rs 1.62 trillion in the current fiscal year would thus become difficult to achieve. Contents1 What is the progress of Asset monetisation plan?2 Why are PSEs reluctant to monetise their… Continue reading Asset monetisation
Category: 9 PM Daily Articles
A ban on wheat exports was the country’s least damaging option
Context: The Indian export ban on wheat in mid-May drew much negative attention. The ban was on private sector wheat exports, leaving open government-to-government contracts. The widespread criticism of the ban was misplaced. Contents1 Details about the wheat export ban and related issues2 Why the criticism of the wheat export ban is unwarranted?3 How have… Continue reading A ban on wheat exports was the country’s least damaging option
Price Of Wrong Price Strategy
News: India is now facing a dual problem of low growth and high inflation at the time when India is facing a historic opportunity to use exports to boost India’s GDP growth. Historic Opportunities Two large countries China and Russia are reducing their presence on the international trade landscape, providing opportunities to India: – China,… Continue reading Price Of Wrong Price Strategy
Myanmar’s internal situation shouldn’t hobble India’s ‘Act East’ policy
News: In 2021, Myanmar’s military took over the civilian government. Now, there are reliable reports of the strengthening of the People’s Defence Force, with the support of various ethnic militias. There is no sign of the restoration of normalcy. Implications on India For India, the coup has caused an adverse impact on its Act East… Continue reading Myanmar’s internal situation shouldn’t hobble India’s ‘Act East’ policy
India-Pakistan ties and the mirror of 2019
News: Recently, the official delegation from Pakistan visited New Delhi to hold talks with its Indian counterparts. This was done under the aegis of the Indus Water Treaty. Contents1 Recent Developments2 What are the reasons for re-engagement between India and Pakistan?3 What are the possible challenges?4 Way Forward Recent Developments India has been sending consignments… Continue reading India-Pakistan ties and the mirror of 2019
GST Council must uphold fiscal federalism
News: Recently, the Supreme Court has given its verdict on the nature of recommendations made by the GST Council. The verdict included an important observation on Indian federalism, especially on it being a dialogue between cooperative and uncooperative federalism. Contents1 Background of the Case2 Submissions by the Union of India3 The Supreme Court’s Observations on… Continue reading GST Council must uphold fiscal federalism
Do we need a law to compensate those implicated in false cases?
Context: In October 2021, Aryan Khan, son of actor Shah Rukh Khan, was arrested in Mumbai by the Narcotics Control Bureau in a drug racket case. Now, on May 28, he and five others were given a clean chit by a special investigation team from Delhi. Besides highlighting the torment suffered by him and his… Continue reading Do we need a law to compensate those implicated in false cases?
Improve governance before divesting
News: In the last few decades, the government has realised that the public sector enterprises (PSEs) should not be present in many of the sectors of the economy. Therefore, they need to exit. What are the issues in the functioning of the PSEs? The listed PSEs perform worse than their sectoral peers on the stock… Continue reading Improve governance before divesting
Inflation demands fiscal action more than a monetary one
News: Recently, Inflation in India has been on an upward path Status of Inflation Wholesale price index inflation stands at 15% and consumer price inflation is nearly at 8%. About the monetary policy system in India In 2015, India introduced the ‘channel system’, in contrast with the ‘floor system’ of the US. The policy rate… Continue reading Inflation demands fiscal action more than a monetary one
Opinion: The Digital India transformation
News: Recently, the Prime Minister of India expressed his idea of India that “every Indian must have a smartphone in his hand and every field must be covered by a drone”. About the Digital India Mission The Digital India was launched on July 1, 2015. Digital India is a transformative programme to deliver the objectives of… Continue reading Opinion: The Digital India transformation
