News: Government has brought out a new disclosure framework for companies that requires a detailed level of reporting from FY21 within a prescribed format of its Corporate social responsibilities (CSR) activities. Companies need to submit these details to the Registrar of Companies. What does the government directive say? The disclosure requires some granular details.… Continue reading New CSR disclosure framework for companies: Onerous disclosures
Category: 9 PM Daily Articles
On legally enforcing Fundamental Duties: Wrong call
News: Supreme court has been hearing a PIL that seeks to legally enforce fundamental duties. It has also issued notice to the centre and states for the same. Fundamental duties (Article 51A) are in the form of general directives to citizens to display some “ideal” conduct in their public lives. However, they are not justiciable… Continue reading On legally enforcing Fundamental Duties: Wrong call
Trust and Loan – on Central loans to states
News: In the Union budget 2022-23, Finance Minister has provided for Rs. 1 lakh crore in loans to state governments to enable them to increase their capital expenditure. These loans will be interest free and repayable after 50 years. Why such an arrangement raises questions regarding Centre-state fiscal relations? One, the first and foremost issue… Continue reading Trust and Loan – on Central loans to states
A red pen moment for corporate governance
News: A lapse in Corporate Governance was observed recently in the conduct of the former Managing Director of National Stock Exchange (NSE). Read here: Corporate governance in India What are the challenges in ensuring effective Corporate Governance? Managerial Misconduct: There were several managerial misconducts at NSE. As in the recent case, the board did not include discussion… Continue reading A red pen moment for corporate governance
Questions on MGNREGA budget estimation
News: The disappointing allocation for the Mahatma Gandhi National Rural Employment Guarantee Act in the FY 2022-23 budget has created a buzz. Government’s allocation for MGNREGA has been much lower than what State governments ask for and civil society actors had recommended. For instance, The initial allocations in the past two FYs have been just about… Continue reading Questions on MGNREGA budget estimation
Banks must refocus on their basic lending role
News: ABG Shipyard, a ship building and repairing company, is alleged to have committed a bank fraud. Questions are also being raised as to why it took so long to conduct an audit report and for the report to point out mala fide use of funds and legal action to be initiated. Contents1 What is… Continue reading Banks must refocus on their basic lending role
Making Green Hydrogen work
News: Recently, a new green hydrogen and green ammonia policy has been introduced that envisages building a prominent role for clean fuels in the country’s fossil fuel-dominated energy mix. Contents1 What does the policy offer? 2 What are some issues with the policy? 3 Why is Hydrogen important for India? 4 What is the way forward? What… Continue reading Making Green Hydrogen work
Manufacturing exports can gain from India’s empowerment push
News: The recent released Budget 2022-23 carries forward the government’s vision of empowering Indians and enabling economic activity. This article discusses how manufacturing can help India in empowering people and increase the growth rate. How manufacturing exports can help India’s empowerment push? First, the weakening of manufacturing in many developed nations has caused social divisions… Continue reading Manufacturing exports can gain from India’s empowerment push
Method to the Make-in-India plan: Decoding our import tariff policy
News: According to the World Trade Organization’s (WTO) Tariff Profile for 2021, India has one of the highest average tariffs of 15% in the Asia-Pacific region. Contents1 This article discusses the need to align Make-in-India with trade policy.2 What other countries are doing?3 What does India need to learn from previous agreements?4 What is the… Continue reading Method to the Make-in-India plan: Decoding our import tariff policy
Address the challenges of doing ESG ratings at the onset
News: Recently, the Securities and Exchange Board of India (Sebi) has come out with a paper on how credit-rating agencies (CRAs) should go about ESG exercise. The article says there is need of proper assessment before allowing CRAs to become ESG rating agencies. How Environmental, Social and Governance (ESG) investing is becoming the ‘next big… Continue reading Address the challenges of doing ESG ratings at the onset
