News: India’s actual growth performance for the fiscal years 2020-21 and 2021-22 was above the projections made by the Finance commission. Even for the fiscal year 2022-23, the economy is projected to grow at 11% (at current prices) compared to 9.5% projected by the Commission. Contents1 What is the effect of this improved growth performance? 2… Continue reading Fiscal management during a pandemic
Category: 9 PM Daily Articles
Financial inclusion is integral to holistic development
News: India is working on the path to achieving the motto of “Sabka Saath, Sabka Vikas, Sabka Vishwas“, a vision enshrined by the Prime Minister of India. Recently budget also shows that the government is focused on boosting financial inclusion. Read here: Financial Inclusion and challenges associated with it What steps does government initiate to achieve… Continue reading Financial inclusion is integral to holistic development
Frequent marine heatwaves in Indian Ocean disrupt India’s monsoon pattern
News: A phenomenon called Marine heat waves (MHW) have increased significantly in the past few decades in the Indian Ocean region. This is also impacting the Indian monsoon. Contents1 What are marine heatwaves and why they occur? 2 What is the impact on the oceans? 3 How are they impacting the Indian monsoon? 4 What is the way… Continue reading Frequent marine heatwaves in Indian Ocean disrupt India’s monsoon pattern
A less taxing state
News: India has had a very high rate of tax litigation. Therefore, Government has recently announced that the overarching aim of direct tax policy reform is to move towards a simpler regime, without exemptions and low rates. What has been the status of tax litigation in the country? In 2014-15, about Rs 2.1 lakh… Continue reading A less taxing state
A bigger, not better, defence budget
News: Even as the total allocation for defence under the current budget has increased, it has fallen as a percentage of GDP. About the recent budget allocation in the defence sector The government allocated Rs 5.25 trillion to the Ministry of Defence, out of the total government outlay of Rs 39.45 trillion. This accounts for 13.31%… Continue reading A bigger, not better, defence budget
Explained: The Pakistan-China relationship
News: Recently, Rahul Gandhi blamed the central government for weakening the country and bringing Pakistan and China together. How does Pakistan and China relations develop? Recognition: Pakistan had recognised the People’s Republic of China after India and established diplomatic ties in 1951. But, due to Pakistan’s membership in SEATO and CENTO – US-led anti-communist military pacts, … Continue reading Explained: The Pakistan-China relationship
Regarding the budget: 4 Choices, No Free Lunch
News: The government has followed a capital expenditure strategy in the recent budget, but there are certain questions associated with the government’s strategy. Contents1 What is the dilemma the government is facing?2 How did the budget support growth while consolidating the deficit?3 The debate of income support versus capital expenditure tradeoff4 How does the budget… Continue reading Regarding the budget: 4 Choices, No Free Lunch
Explained: The India-Israel relationship
News: Recently India and Israel had marked 30 years of full diplomatic relations. Despite the ongoing Pegasus controversy, leaders of both countries congratulate each other on this occasion. Read here: India and Israel relationship: Namaste, Shalom to friendship About India- Israel relations 1990: Though India recognized Israel in 1950, normalization took another 4 decades. This was aided by the… Continue reading Explained: The India-Israel relationship
Ink India-Britain free trade, unlock new opportunity
News: Both India and UK are working together to build a strong relationship and to harness new opportunities. Read here: India UK Relations and its challenges – Explained, Pointwise What are the new developments in the India UK relationship? – India and the UK also declared their ambition to more than double bilateral trade by 2030, which… Continue reading Ink India-Britain free trade, unlock new opportunity
An exploration of why children are learning little in classrooms
News: It has been observed that a massive proportion of children are lacking in basic language and mathematics. The same thing has also been noticed by National Education Policy. Why do children between 0-6 yrs are lacking in basic language and maths? Capacity to learn: All children have the capacity to learn. Some disabled children may not… Continue reading An exploration of why children are learning little in classrooms
