News: At the Munich Security Conference recently, external affairs minister S. Jaishankar was asked why India keeps pointing fingers at China’s violation of the sovereignty of smaller states while not condemning Russia’s incursions into Ukraine. Western officials have sought to rope India in as part of a unified worldwide opposition to Russia’s incursions into Ukraine. But… Continue reading New Delhi’s stance on Europe’s crisis is just about right
Category: 9 PM Daily Articles
Flashpoint Ukraine
News: Russia’s invasion of Ukraine and possible sanctions by US will impact India adversely. What are the probable adverse impacts on India? Inflationary impact: the significant upward pressures on oil prices, exacerbated by the Organisation of the Petroleum Exporting Countries’ recent unwillingness to raise output. It will accentuate inflationary impulses and increase risks for the… Continue reading Flashpoint Ukraine
The Budget lacks the ‘power’ to transform services
Relevance: Understanding the need for energy for the improvement of the health and education sector. News: Budget 2022-23 demonstrates a clear intent to prioritise investments in clean energy and sustainable development, in line with the country’s promises made at COP26 in Glasgow last year. What does the budget proposed for the health and education sector? Health sector:… Continue reading The Budget lacks the ‘power’ to transform services
Is the time right for India to get a third aircraft carrier?
News: The idea of buying a third aircraft carrier may have to be delayed due to the current economic situation. There is a broad consensus in the strategic community on the Indian Navy having two aircraft carriers, one for each of the two seaboards. There also exists a broad consensus on acquiring the third carrier… Continue reading Is the time right for India to get a third aircraft carrier?
India risks being left out of TRIPS waiver
News: India, with South Africa, proposed to waive key provisions of the TRIPS agreement on Covid-19 vaccines, drugs, therapeutics, and related technologies. Developed countries attempt at limiting the waiver to vaccines alone, leaving out diagnostics and therapeutics and excluding India. Read here: US Support to TRIPS Waiver – Challenges Ahead What are Trade-Related Aspects of Intellectual… Continue reading India risks being left out of TRIPS waiver
Barring students from studying Indian history or culture in foreign universities speaks of prickliness and prejudice
News: Under the new government guidelines, courses concerning Indian Culture, History, and Social Studies in foreign universities shall not be covered under National Overseas Scholarship (NOS). What the new guidelines are not justified? – It will shrink the student opportunities, and put a ceiling on their academic ambitions. – Government should not decide on what students… Continue reading Barring students from studying Indian history or culture in foreign universities speaks of prickliness and prejudice
A new measure of inflation is brewing on the horizon
News: A radical shift in paradigm with respect to the calculation of the Consumer price index has recently been initiated in the United Kingdom, by the British journalist, cookbook author, and anti-poverty campaigner, Jack Monroe. The “Vimes Boots Index” as the name of a price index, she planned to document inflation in prices of basic… Continue reading A new measure of inflation is brewing on the horizon
The Tobin funnel and post-covid stimulus withdrawal dilemmas
News: The Government has recently signaled that India will exit its extraordinary fiscal and monetary policies of pandemic times, gradually. Why there is a need to exit the pandemic-induced extraordinary policy? The pandemic has affected all the economies and made the governments spend more. The central banks also injected extra liquidity into financial systems. Such… Continue reading The Tobin funnel and post-covid stimulus withdrawal dilemmas
The reforms that farming really needs
News: Central government repealed three farm laws that it introduced in the year 2020. This has again brought the focus to the APMCs (Agricultural Produce Market Committee) where the majority of the first time sale of farmer’s produce takes place. It has been widely acknowledged that APMC markets across the country suffer from various irregularities… Continue reading The reforms that farming really needs
Amending the FRBM Act
News: The finance ministry has excused itself from providing a projection of its fiscal consolidation plan. What is the issue? In the recent budget, the Union finance ministry committed to reducing the government’s fiscal deficit from 6.9 percent of gross domestic product or GDP in 2021-22 to 6.4 percent in 2022-23. Further, the deficit is… Continue reading Amending the FRBM Act
