News: India’s ban on select single-use plastic(SUPs) items comes into effect from July 1, 2022. Does India impose a blanket ban on all single-use plastic items? No, the Indian market will continue to sell a gamut of single-use plastic items like soft drinks and mineral water bottles, all products sold in multi-layered packaging, among others.… Continue reading India’s ban on select single-use plastic items: A start but still a long way from blanket ban
Category: 9 PM Daily Articles
The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern
News: The currency’s fall gets more attention than its rise. At present, the Indian rupee is falling against the US dollar. What is the status of the Rupee fall vis a vis other currencies? The Finance Minister has recently pointed out that almost all currencies are falling against the dollar, and the rupee has fallen… Continue reading The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern
How the RBI unconventionally innovated policy to fight the pandemic
News: The RBI has been missing the inflation target since 2019 by not raising rates. This raised some debates about RBI’s inflation management. What is the reason for rising inflation in India? There are two reasons that inflation is on the rise. These are, a) Inflation has been largely the result of supply-side shocks from… Continue reading How the RBI unconventionally innovated policy to fight the pandemic
The need of the hour: A Renewables revolution
Context: Renewable energy can limit climate disruption and boost energy security. Thus, their use must be incentivised and supported. Fossil fuels are the major cause of the climate crisis. All climate indicators are breaking records. It is a strong indication towards ferocious storms, floods, droughts, wildfires and unliveable temperatures in vast swathes of the planet.… Continue reading The need of the hour: A Renewables revolution
Clear signals the ‘fringe’ ought to read
Context: Recently, after the controversy over controversial remarks on the Prophet, India’s top political and bureaucratic functionaries emphasised India’s stronger credentials as a secular democratic polity. Recently, External Affairs Minister, S. Jaishankar, National Security Adviser (NSA), Ajit Doval and Prime Minister made statements that emphasised India’s stronger credentials as a secular democratic polity. All these remarks… Continue reading Clear signals the ‘fringe’ ought to read
Reset mode – on GST Council Meet
News: GST Council meeting was held recently. There are many takeaways from this meeting. GST Council meet, held recently, was its first ‘regular’ meeting after a nine-month break. It discussed recommendations of four ministerial groups’ to fix various aspects of the indirect tax regime. The council ratified 3 out of 4 reports by the groups. What were… Continue reading Reset mode – on GST Council Meet
Growing reliance on MGNREGA in rural areas, elevated youth unemployment in urban areas, are worrying signals
Context: Employment scenario in India remains poor. This can be gauged by the data on work demanded and availed by households under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Worrying MGNREGS data MGNREGS data: Number of households seeking employment under MGNREGS has increased gradually. No of households availing work under MGNREGS May 2022… Continue reading Growing reliance on MGNREGA in rural areas, elevated youth unemployment in urban areas, are worrying signals
Don’t ignore the services sector
News: India aspires to become a $5-trillion economy. It is predicated on the growth of its international trade to $2 trillion by 2030 which is equally contributed by the merchandise and services sector. About the Status of services and manufacturing sector It comprises over 50% of the GDP, overriding the contribution of both agriculture and… Continue reading Don’t ignore the services sector
About the ban on single-use plastics: Plastic Challenge
News: The GoI notified the Plastic Waste Management (Amendment) Rules, 2021 in August last year. It prohibits 20 single-use plastic items by 2022. About the rules 2021 Various single-use plastic items will be banned from 1 July 2022, including ubiquitous plastic cutleries. However, plastic carry bags having a thickness of less than 120 microns will… Continue reading About the ban on single-use plastics: Plastic Challenge
GST: Five years stronger
News: The Goods and Services Tax (GST) has completed its 5th year since its inception on 1 July 2017. Seventeen different laws were merged, and a single taxation system was brought in through the GST. It was first discussed in the report of the Kelkar Task Force on indirect taxes in 2003. Must read: Goods… Continue reading GST: Five years stronger
