Source: Indian Express Context: The recently enacted farm bills have triggered debate on the desirability of the MSP regime. More in news: The period from 2004 to 2012 was the period of high commodity prices, high government procurement and rapid reduction in rural poverty. This shows a causal link between the high prices and… Continue reading Farm Bills and MSP
Category: 9 PM Daily Articles
Ethical democracy
Context- The elected must protect all the unelected instruments of democracy- – judiciary, media and civic organizations. What is check and balance in the democracy? Checks and balances, principle of government under which separate branches are empowered to prevent actions by other branches and are induced to share power. Democracies have developed systems of efficient checks and balances… Continue reading Ethical democracy
Push for Exports
Context: India needs to shed its exaggerated fears of trade agreements to create new jobs. What are the challenges facing by Indian economy? Contracting Economic growth: India is in an economic recession for the first time in its independent history. Rising Unemployment: Thousands of people lost their jobs due to the slowing economy in 2018-19 and… Continue reading Push for Exports
Present State of economy
Context: The pandemic has delivered a “scissor cut” to the government finances. What is the current scenario? Economic output and government revenues are shrinking. The government has to spend more to safeguard lives and livelihoods. Widening deficit. Most of state’s revenue come from center which changes their debt servicing ability for the worse. What are… Continue reading Present State of economy
Central Trade Unions strike
Context- Trade unions called for nationwide strike to protest government policies. Why Central Trade Union (CTUs) have called for a nation-wide strike and what are the demands Central Trade unions called for national wide strike to protest against anti-farmer laws, anti-worker labour codes, privatization of public sector and the corporatization policies of the government. Trade union’s demands- The… Continue reading Central Trade Unions strike
Right to choice of women
Context: The Uttar Pradesh government has cleared an ordinance that enables the state to police and punish inter-faith marriages with “the sole intention of changing a girl’s religion”. Discuss the issues associated with the law against love jihad. Law against fundamental rights: By clearing the ordinance, the state government has trespassed the fundamental right to marry guaranteed… Continue reading Right to choice of women
corporate houses in Indian banking
Context: Recently, an Internal Working Group of the Reserve Bank of India (RBI) has recommended that corporate houses be given bank licences. Background Earlier, in 2013, the RBI had issued similar guidelines permitting corporate and industrial houses to apply for a banking licence. However, no corporate was given a bank licence as none of the… Continue reading corporate houses in Indian banking
Protecting Article 32
Context: The Chief Justice of India is reported to have stated during the hearing of journalist Siddique Kappan’s bail matter, that the Court was trying to “discourage” recourse to Article 32. What does article 32 says? The right to move the Supreme Court by appropriate proceedings for the enforcement of the rights conferred by this… Continue reading Protecting Article 32
India-EU trade
Context- The recently concluded 15th Summit of India and EU, the broad consensus that emerged is to strengthen the EU-India Strategic Partnership. India-EU areas of convergence- India’s largest trading partner, while India is the EU’s ninth biggest trading partner. India is among the few nations that run a surplus in services trade with the EU. Both… Continue reading India-EU trade
India exits RCEP
Context – India’s decision to stay out of the China-backed RCEP agreement and its significance. What is RCEP and its significance? Launched in 2012, Regional Comprehensive Economic Partnership is a trade pact between the 10-member ASEAN bloc, along with China, Japan, South Korea, Australia and New Zealand. However, India had been due to sign but pulled out… Continue reading India exits RCEP
