CAG audit- Improvement in disaster management

Syllabus – GS 2- Important aspects of governance, transparency and accountability, e-governance applications, models, successes, limitations, and potential; citizens charters, transparency & accountability and institutional and other measures. Context- The Public Account Committee (PAC) directed the Comptroller and Auditor General (CAG) to conduct a special audit into purchase of COVID-19 equipment. What are the directions… Continue reading CAG audit- Improvement in disaster management

Ensemble forecast

Source: The Hindu Gs3: Disaster Management Context: India needs to shift to ensemble weather and flood forecast model to achieve better accuracy in flood forecasting. What is the significance of using Ensemble forecast? Deterministic forecast model Ensemble forecast ·         Deterministic forecast model merely indicates “Rising” or “Falling” above a water level at a river point.  ·        … Continue reading Ensemble forecast

Labour codes reforms

Source- The Indian Express Syllabus- GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment Context- The three labor bills will immensely help the country in bringing much needed economic growth and will help in employment generation. What are the new labour codes? The government has introduced new versions of three… Continue reading Labour codes reforms

Production Linked Incentive Scheme

Source: The Hindu Syllabus: Gs3: Changes in Industrial Policy and their Effects on Industrial Growth Context: The Ministry of Electronics and Information Technology (MeitY) has introduced a Production Linked Incentive Scheme for Large Scale Electronics Manufacturing. What is Production Linked Incentive Scheme? Aim is to position India as a global hub for electronics system design and manufacturing. It… Continue reading Production Linked Incentive Scheme

Three Farm Acts and their constitutional debate.

Source: The Hindu Syllabus: Gs3: Issues and Challenges Pertaining to the Federal Structure, Devolution of Powers Context: The passage of the three Farm Acts has raised a constitutional debate on Union’s powers to legislate on state subjects. What are the three contentious farm bills? The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020. The… Continue reading Three Farm Acts and their constitutional debate.

Power sector in India

Source- The Indian Express Syllabus- GS 3- Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Context– The financial hole into which the DISCOMS have fallen will deepen in light of COVID. What is UDAY scheme? Launched in November 2015, the Ujjwal DISCOM Assurance Yojana (UDAY) was designed to turn around the precarious financial position of state distribution companies (DISCOMS). The… Continue reading Power sector in India

India’s inflation targeting policy (Monetary policy)

Source – Live Mint Syllabus- GS-3 Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Context- Inflation targeting and the decisions of  Monetary Policy Committee (MPC). What causes inflation? The primary cause of inflation is the mismatch between demand and supply. The mismatch can be in following context- Excess money supply that raises… Continue reading India’s inflation targeting policy (Monetary policy)

Insolvency and Bankruptcy Code (IBC 2016)

Source: The Hindu Syllabus: Gs3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Background: The Prime Minister mentioned that Insolvency and Bankruptcy Code (IBC 2016) would help aid India’s path to self-reliance. What are the issues hindering investments in India? Backlog in court cases: nearly four crore matters pending final judgment. The… Continue reading Insolvency and Bankruptcy Code (IBC 2016)

C&AG’s report on GST compensation cess

Source- The Hindu Syllabus- GS 3- Government Budgeting. Context- In its audit report on the accounts of the Union Government, the Comptroller and Auditor General of India (CAG) has pointed out grave lapses in the accounting of revenue from the GST compensation cess. What are the key findings of the CAG report related to cess? Retained in the Consolidated Fund… Continue reading C&AG’s report on GST compensation cess

Parliament and the new labour codes

Source- The Hindu Syllabus- GS 3- Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Context- Labour Minister Santosh Gangwar told that four new labour codes will become operational before the year ends. In the brief monsoon session of Parliament, three new labour codes were bulldozed into passing and now await… Continue reading Parliament and the new labour codes

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