News: Recently Union Budget 2022-23 has been released which has focused on expanding capital expenditure. The article discusses the projected growth, revenue, expenditure, debt and real growth. What is projected income growth? Budget has projected a nominal GDP growth estimate of 11.1% for 2022-23. The real GDP growth is estimated of 8% with an implicit… Continue reading A takeaway is the good infrastructure push
Category: 9 PM Daily Articles
Budget sets up the digital pitch for India to bat on
News: Finance Minister has recently presented the budget. Although there are many positives in the Indian economic scenario like with 9.3% India is the fastest-growing large economy, it has over $630 billion of foreign reserves equalling 13 months of imports. However there are some challenges too like the problem of unemployment rate. How the… Continue reading Budget sets up the digital pitch for India to bat on
MGNREGA: Is the govt expecting unemployment levels to change soon?
News: Recently finance minister released Union Budget 2022-23. This article discusses the regressive nature of budget in terms of social welfare. Why the budget 2022-2023 appears regressive in nature with respect to social welfare? One, last year only Rs 73,000 crore was budgeted but the allocation for MGNREGA was increased to Rs 1.11 trillion due… Continue reading MGNREGA: Is the govt expecting unemployment levels to change soon?
CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”
What is the news? Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament About Economic Survey The Economic Survey is an annual report card of the economy. The first Economic Survey was presented in the year 1950-51. From 1964, the practice to release the survey a day before the Union Budget began.… Continue reading CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”
Doing Business in a New World
News: Recently, Luttwak an amercian startegist discussed the legacy of the Indian strategist late K Subrahmanyam and addressed the emerging consensus on the importance of economics in global affairs. What is current scenario of Indian economy? India’s is recovering after a slowdown and its geopolitical significance will continue to rise. India’s total trade is expected… Continue reading Doing Business in a New World
Amplify e-commerce and help all MSMEs reach markets online
News: The author of this article says that to achieve a $5 trillion economy, India should boost digitalization. It will support MSMEs, ensure GST parity and empower small businesses to venture into the online ecosystem and diversify their operations. What is the significance of digitalization? One, Covid has caused shift in all spheres of lives,… Continue reading Amplify e-commerce and help all MSMEs reach markets online
How Auroville can teach us all a thing or two about offsetting carbon
News: The Auroville Forest Group, a non-profit in Puducherry, has introduced a new method of increasing tree cover that can mitigate climate change effectively in the future. Lessons from Auroville can be implemented on a larger scale all over the country. Auroville, an international town in Puducherry, has planted about three million trees from 1968… Continue reading How Auroville can teach us all a thing or two about offsetting carbon
How surging oil prices threaten world’s climate goals
News: Oil prices globally have seen a massive surge due to reduced supply and increased demand due to economies rebounding from the effects of the COVID-19 pandemic. The geopolitical tensions in Russia-Ukraine are also helping the price surge. What are the implications of the price rise? Economic aspect: Companies may be tempted to invest in oil… Continue reading How surging oil prices threaten world’s climate goals
A hazy picture on employment in India
News: This article says that the employment data in India is not consistent and does not show a clear pattern. The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator,… Continue reading A hazy picture on employment in India
Why UNSC joint statement on nuclear weapons is important
News: Five permanent United Nations Security Council (P5) members have pledged to avoid the ongoing arms race and to prevent the proliferation of nuclear weapons. This pledge was made ahead of a review of the Non-Proliferation Treaty (NPT),1970. What is the pledge made by P5 members on nuclear proliferation? P5 members emphasized on: – Creating a secure… Continue reading Why UNSC joint statement on nuclear weapons is important
