Author: Durai

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)

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)

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

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

Source- The Hindu Syllabus- GS 3- Role of external state and non-state actors in creating challenges to internal security. Context– The Vodafone Group has won one of the most high-stakes legal battles involving a foreign investor and the Indian state under international law. The retrospective taxation was in violation of the BIT and the United Commission on International Trade… Continue reading Retrospective taxation – Vodafone case

Source: Indian Express Syllabus: Gs3: Land Reforms in India Context: In the last three decades, the issue of land and consequently land reforms was an important topic. The elements of land reforms: The abolition of intermediaries. Regulation and stability of the tenurial system Ceiling on land holding. Consolidation of land holdings. Background of land reforms: After Independence, compulsory… Continue reading Consolidation of land holdings

Source: The Hindu Gs3: Changes in Industrial Policy and their Effects on Industrial Growth Context: Prime Minister Narendra Modi wants India to attain ‘aatmanirbhar’ in Toy manufacturing sector and called upon the country to become a global toy hub. Need: High Domestic demand: India is home to 25 per cent of world’s children aged between 0… Continue reading Aatmanirbhar bharat in toy making