Author: ForumIAS

Lesson from China on bad banks

Relevance: There is a debate going on in India to open bad bank for solving the NPA problem with banks.  Synopsis – To address stressed assets [nonperforming loans (NPLs), a bad bank must have a fixed term and a narrow mandate with clear aims.  What are bad banks?  A ‘bad bank’ is designated financial institutions that purchase and resolve nonperforming assets (NPAs) from banks and help… Continue reading Lesson from China on bad banks

Rural economy is the key to revival of Indian economy

Relevance: Decline in the GDP due to COVID, the role of agriculture and rural employment generation in the revival process   Synopsis: The rural economy continues to remain crucial for any strategy of economic revival.  State of economy:  As per the National Statistical Office (NSO) the Indian Gross Domestic Product (GDP) declined by 7.3%.  This was partly a result of a slowdown in economic activity since 2016-17 and partly… Continue reading Rural economy is the key to revival of Indian economy

Protecting Prisoners’ right

Relevance: Prison reforms in India have been pending of late.   Synopsis: Overcrowding in prisons has put several inmates at risk of COVID-19 infection and death. It is a violation of the human rights of prisoner.   Background   In India Prisons are overcrowded and it has left thousands of prisoners at risk of Covid infection and death.   According to data, there are 12,715 inmates lodged in 11 sections of… Continue reading Protecting Prisoners’ right

The new urban

Relevance: Distinctive features of government’s key schemes related to urban planning and development  Synopsis: Completion of six years of implementation of three major flagship missions of the Ministry of Housing and Urban Affairs — the Pradhan Mantri Awas Yojana (Urban), Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission.  Contents1 Special feature of all these missions 2… Continue reading The new urban

Must Read Current Affairs Articles – June 26th 2021

Good Morning dear reader We are posting Today’s Must Read Current Affairs Articles below: About Must Read News Articles: Must Read News Articles is an initiative by Team ForumIAS to provide links to the most important news articles of the day. It covers several newspapers such as The Hindu, Indian Express, Livemint, etc. This saves the… Continue reading Must Read Current Affairs Articles – June 26th 2021

India-Africa relations – Explained, pointwise

Contents1 Introduction2 The quantum of India-Africa trade3 India’s other engagements with African nations4 What are the latest Challenges in India-Africa relations? 5 Suggestions to improve India-Africa relations Introduction Africa is considered a foreign policy priority by India. The Indian government has designed a forward-looking strategy to deepen India-Africa relations further. Even during the COVID-19 times, India took new… Continue reading India-Africa relations – Explained, pointwise

Excise duty helps fill Centre’s fiscal gap

  What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap

MCA expands small firm definition, raises turnover and borrowing limits

  What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits

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