Context: Arvind Panagariya’s new book, India Unlimited: Reclaiming the Lost Glory, discuss systematically how to reconstructs a path to higher growth. What is the present scenario? Public sectors confronting a mountain of debt, the fiscal will need to be reined in post-COVID across several emerging markets. COVID-19 will accentuate the prevailing export pessimism, as global potential… Continue reading Export: A key to economic growth
Category: 9 PM Daily Articles
Moratorium on Lakshmi Vilas Bank
Context: RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. Why it is a concern? Already, India’s banking system is distressed due to the failures of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, followed by the bailout of Yes Bank. Now, the Reserve Bank of India decision to… Continue reading Moratorium on Lakshmi Vilas Bank
Federal Water Governance Ecosystem
Context- Importance of Centre-States coordination to deal with the emerging challenges of inter-state water governance. How the two bills on water can attend the longstanding issue of inter-state externalities The Interstate River Water Disputes Amendment Bill 2019– The bill seeks to improve the inter-state water disputes resolution by setting up a permanent tribunal supported by a… Continue reading Federal Water Governance Ecosystem
Government interventions
Context – The Government’s core belief in ‘minimum government’, which ties its hands when it comes to fiscal measures even in such harsh economic conditions. What are the reasons for the failure of stimulus packages? Lack of Demand– The aggregate demand for goods and services again is dependent on the income and purchasing power of people, which… Continue reading Government interventions
Urbanisation and pandemic
Context: Prime Minister Narendra Modi’s call for a reimagining of urban planning and development to make cities and towns healthy and liveable after COVID-19. More on news: PM emphasised resetting the mindset, processes and practices for safe urban living, and acknowledged that governments actually do little for the working millions at the Bloomberg New Economy… Continue reading Urbanisation and pandemic
Judicial Barbarism
Context: Judicial barbarism is now a systematic phenomenon with deep institutional roots. How democratic barbarism and judicial barbarism are related? Democratic barbarism: It is a politics that sees protest, dissent, and freedom of expression all through the prism of potential enemies of the state. It occurs when the state treats a section of its own… Continue reading Judicial Barbarism
Governors’ mercy powers
Context- Supreme Court expressed unhappiness over the pendency of a plea by A G Perarivalan with the Governor of Tamil Nadu Banwarilal Purohit for over two years. What was the Supreme Court’s verdict over governor delay in deciding the plea for pardon? Supreme Court statement – Multi-Disciplinary Monitoring Agency (MDMA) investigation into the “larger conspiracy” behind Rajiv Gandhi… Continue reading Governors’ mercy powers
Biden presidency and new diplomacy
Context: The expected actions of the Biden presidency and its Political, Environmental and Global institutional implications. What are the present challenges to India under Biden’s presidency? Environmental: India’s environmental policies will be closely monitored and discussed world over. For example, the restrictions removed in mining of forests or on land use in the natural forests of… Continue reading Biden presidency and new diplomacy
Asian economies
Context: The post-pandemic global economy has often predicted that China’s appeal as a business destination would fade. What are the various strategies that can be pursued post pandemic global economy? ‘China +1’ strategy: The combination of the trade war and the COVID-19 crisis has resulted in firms establishing relatively small-scale operations elsewhere. This is perceived as a… Continue reading Asian economies
RBI sets up Reserve Bank Innovation Hub(RBIH)
News: Reserve Bank of India(RBI) has announced the setting up of an Innovation Hub under the chairmanship of Kris Gopalakrishnan.It has also selected two entities for testing products under regulatory sandbox structure. Facts: Aim: To create an ecosystem that would focus on promoting access to financial services and products and will also promote financial inclusion. Features: The… Continue reading RBI sets up Reserve Bank Innovation Hub(RBIH)
