Context: By midnight of March 31, the Controller General of Accounts will assess the spending in FY22 with help of the public money-tracking system known as the Public Financial Management System (PFMS). Contents1 Background of PFMS2 What does the Public Finance Management System (PFMS) do?3 What is the significance of Public Finance Management System?4 Some… Continue reading GoI tracks the money trail: How PFMS will pull plug on spending slippages
Category: 9 PM Daily Articles
LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
News: Russia’s invasion of Ukraine has caused market uncertainty. This has prompted the government to rethink the launch of the Initial Public Offering (IPO) of Life Insurance Corp (LIC). Why is this IPO important for the government? The regulator’s approval of the IPO is valid only till mid-May. Any delay will upset the Centre’s fiscal… Continue reading LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
Data lessons from two years of the covid-19 pandemic
Context: After declaration of the covid as a global pandemic by WHO, various countries set up web-based dashboards for providing covid related data and information to their citizens. However, it was not set-up in India. India did not set up any web-based data portal. The Union Ministry of Health used to provide daily infection and… Continue reading Data lessons from two years of the covid-19 pandemic
Fragmenting world order, untied nations
News: The Russian war on Ukraine is going on and it has become three weeks long conflict. Therefore, it is going to have various consequences: Consequences of Russia Ukraine war The global order has broken down: The Ukraine crisis is a bigger blow to the post-World War order than any other conflict such as the… Continue reading Fragmenting world order, untied nations
The war’s cold facts and what India needs to glean
Context: As the Ukraine-Russia war nears the end of three weeks, it is time for India to learn lesson from this war and find its position in the real world of geopolitics. What is the lesson to be learnt from the Ukraine-Russia War? First, a nation’s vital interests can be protected only by that nation… Continue reading The war’s cold facts and what India needs to glean
BrahMos can’t be mistaken for nuclear-tipped missile
News: There has been an accidental launch of supersonic Brahmos cruise missile from India into Pakistani territory India’s Response Read – The Issue of Accidental Indian missile drop in Pakistan India officially admitted that “in the course of a routine maintenance, a technical malfunction led to the accidental firing of a missile”. India has ordered a… Continue reading BrahMos can’t be mistaken for nuclear-tipped missile
May all mothers live: on Maternal Mortality rate
News: India’s maternal mortality ratio has decreased from 122 to 103 (maternal deaths per lakh live births) between 2015-17 and 2017-19, shown by SRS data. India’s SDG target is to bring its MMR below 70 by 2030. What can be done to improve further? Understanding disparities: Need for different state or region wise solutions. For… Continue reading May all mothers live: on Maternal Mortality rate
Ukraine invasion and the great geopolitical reset
Context: Article explains the global dynamics after Russia-Ukraine war. Major wars have significant consequences for the internal and international politics of the combatant nations. For instance, Indo-Pak war of 1971: Liberated Bangladesh Altered balance of power between Delhi and Islamabad New Pakistani Constitution in 1973 to democratize a nation that was dominated by the Army.… Continue reading Ukraine invasion and the great geopolitical reset
Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
News: Last week, the Union cabinet approved the creation of a National Land Monetisation Corporation Mandate Read more – About National Land Monetisation Corporation It will work to monetise the surplus land holdings of Central Public Sector Enterprises (CPSEs) and other government agencies. It will have a detailed and comprehensive inventory of the state’s land… Continue reading Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
Will a services exports-driven economic growth strategy work for India?
Context: India’s service exports have lagged the outbound shipment of manufactured items, though the gap between the two was narrowing immediately before Covid-19 struck. Why should India adopt a service exports-led growth strategy for India instead of China’s model of manufacturing exports-led growth? According to the data provided by the World Trade Organization (WTO), India’s share… Continue reading Will a services exports-driven economic growth strategy work for India?
