Heart of the matter: Context The article ‘Address this blockage,’ by Cherian and Kumar acknowledges that the capping of stent prices has made them affordable, but flawed arguments have been used to suggest that there may be adverse consequences to patients and the indigenous stent industry. Major arguments One key argument against price capping is… Continue reading Heart of the matter:
Author: ForumIAS
Trai and CCI: no turf wars, please:
Trai and CCI: no turf wars, please: Context Recent debate on turf wars between the competition regulator and sector-specific regulators in India has risen due to a letter by the the chairman of the Competition Commission of India (CCI), D.K. Sikri, to his counterpart at the Telecom Regulatory Authority of India (Trai), R.S. Sharma. Arguments… Continue reading Trai and CCI: no turf wars, please:
Banks should reduce rates for existing borrowers too: RBI:
Banks should reduce rates for existing borrowers too: RBI: Context: The RBI reduces the policy rate while flagging multiple concerns on the economy Introduction: As some of the upside risks to inflation have not materialize, the Reserve Bank of India on Wednesday decided to cut the key policy rate or repo rate by 25 basis… Continue reading Banks should reduce rates for existing borrowers too: RBI:
WCO to unveil norms for e-commerce trade:
WCO to unveil norms for e-commerce trade: Context: Customs body aims to address digital, illegal trade Introduction: The World Customs Organization (WCO) will soon bring out guidelines on ‘cross-border e-commerce’, which will focus on preventing illegal trade as well as addressing the challenges stemming from the ‘digital divide’, according to the WCO Secretary General Kunio… Continue reading WCO to unveil norms for e-commerce trade:
Border peace must for China ties: India &India may have cut troops in Doklam, claims China:
Border peace must for China ties: India &India may have cut troops in Doklam, claims China: Context The Chinese Foreign Ministry issued a 15-page statement, claiming that India has scaled down its forces in Doklam, but demanded that New Delhi pull back all its troops to end the military standoff in the area. India’s position… Continue reading Border peace must for China ties: India &India may have cut troops in Doklam, claims China:
The Bitcoin split is good for progress:
The Bitcoin split is good for progress: Context: Bitcoin cash, the new alternative cryptocurrency, is crashing Introduction: On Tuesday, bitcoin split in two following a years-long battle in the community over the rules that should guide the cryptocurrency’s network The split resulted in the creation of new cryptocurrency, bitcoin cash, which has the same basic… Continue reading The Bitcoin split is good for progress:
‘GPS facility to raise handset costs’:
‘GPS facility to raise handset costs’: Context The government has made it mandatory to install Global Positioning System (GPS) in all mobile phones, including feature phones that will be sold in India, from January 1, 2018 so as to locate subscribers in emergency situations especially for women Introduction: The Telecom Ministry will hold a meeting… Continue reading ‘GPS facility to raise handset costs’:
‘Make In India’ yet to spur manufacturing, says panel:
‘Make In India’ yet to spur manufacturing, says panel: Parliament Committee shows Concern about poor manufacturing growth Background: The Parliament Standing Committee on Commerce has reviewed the country’s low manufacturing growth despite initiatives such as Make In India, Startup India and FDI reforms that are now more than two years old The Parliament Standing Committee… Continue reading ‘Make In India’ yet to spur manufacturing, says panel:
‘NPAs: Banks need more provisioning’:
‘NPAs: Banks need more provisioning’: Context A joint report by Assocham and rating agency Crisil says “Banks may require an incremental provisioning of 20% against cumulative debt of 50 large stressed assets worth over Rs. 4.3 lakh crore”. Introduction: These 50 large accounts are from the sectors such as construction, power and metals, among others… Continue reading ‘NPAs: Banks need more provisioning’:
Centre pings rating agencies on economy in upgrade push:
Centre pings rating agencies on economy in upgrade push: Context The finance ministry has begun interacting with global rating agencies through teleconferences and e-mails on a more regular basis to give clarifications and updates regarding the economy. This is done so to convey India’s pitch for a sovereign rating upgrade better. India on FDI India… Continue reading Centre pings rating agencies on economy in upgrade push:
