News: Many reports suggest widespread unemployment and consequent poverty on the rise in India. As per CMIE data, 5.46 million Indians lost jobs in October. The youth unemployment rate was 22.26% in 2021 – compared to 15.66% in 2016–17. There are about 20 million Indians entering the job market annually. But in August 2021, around… Continue reading Policymakers must break India’s cycle of poverty
Category: 9 PM Daily Articles
Helping Supreme Court: Regional courts of appeal can spare SC from many matters. But judicial infirmities will remain
News: To address the Supreme Court’s pendency burden, Attorney General KK Venugopal plea suggested setting up at least four regional courts of appeal (RCAs). He also recommended that RCA should focus solely on constitutional matters. How does the pendency of cases affect the functioning of SC? The pendency of cases in the Supreme Court has… Continue reading Helping Supreme Court: Regional courts of appeal can spare SC from many matters. But judicial infirmities will remain
The many challenges before trade unions
News: Trade unions have intensified their agitation against the Codes in the wake of the government’s decision to repeal the farm laws. The labour code requires repeal for many reasons. However, as opposed to the success of farmers’ protests, the trade unions’ agitations failed in achieving their demands. What are the problems with the labour… Continue reading The many challenges before trade unions
Data regulation in India: All you need to know
News: The Joint Parliamentary Committee (JPC) on Personal Data Protection (PDP) bill is finally ready to table its report during the winter session of the Parliament. The JPC has prescribed a phased approach to implementing provisions of the bill. The Act will be fully active in two years. What are the major recommendations of the… Continue reading Data regulation in India: All you need to know
Reducing poverty
News: NITI Aayog has come up with India’s first multi-dimensional poverty index (MPI). It is a useful report for policymakers and NGO’s to know about the well-being of Indians on a wider set of indicators other than income. More about the report: The report figured usual states like Bihar, Jharkhand, and UP as India’s poorest… Continue reading Reducing poverty
How to regulate Cryptocurrencies?
News: Indian regulators can leverage the simple money management approach towards regulating Cryptocurrencies. The task of financial-economic policy is to address market failure, i.e. the four problems of – systemic risk, resolution, prudential regulation, and consumer protection. Does cryptocurrency merit financial regulation in India? The role for financial regulation in any situation can be analysed… Continue reading How to regulate Cryptocurrencies?
The T-20 investment path
News: Parliament is about to come up with a bill banning crypto-currencies, which are today the most sought after investment option for today’s generation. Why do people prefer to invest in new options like crypto currency? Bank deposits returns are quite low with respect to other options-2.75% in a savings account or 5% in a… Continue reading The T-20 investment path
A new public stocking policy centred on pulses, edible oils and vegetables is needed to manage unseasonal price hikes
News: Unseasonal price spike in Tomatoes and onions The cost of many vegetables such as tomatoes, cabbage and other greens become relatively affordable during winter. This is because of increased supply, since planting of these crops is done during August-October, and they are all 50-to-100-day crops. But in the current winter, all these vegetables are… Continue reading A new public stocking policy centred on pulses, edible oils and vegetables is needed to manage unseasonal price hikes
The great inflation conundrum that policymakers must resolve
News: Economies around the world, including Argentina, Brazil, Turkey, India, and, most importantly, the US are witnessing an increase in price levels. The increase of inflation in the U.S and other economies will have adverse effects worldwide because its spill over effects are far-reaching. Contents1 What has been the inflation trend across the countries?2 How… Continue reading The great inflation conundrum that policymakers must resolve
Why India’s coal habit won’t be easy to shake off
News: In the climate summit at Glasgow, India spoke of a “phase down” rather than a “phase out” for coal, and it was backed by China, South Africa and some other countries. It shows India’s huge dependence on coal for its energy requirements and is likely to be so by 2030. A phase-out may hurt… Continue reading Why India’s coal habit won’t be easy to shake off
