Source: Livemint What is the news? India ranks second in terms of crypto adoption worldwide behind Vietnam, but ahead of countries such as the US, UK, and China, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. Findings India was followed by Pakistan and Ukraine at rank three and four respectively.… Continue reading India ranks second in terms of crypto adoption in the world
Author: Luv Sharma
A BIT for FDI (On the need to renew BIPA)
Source: Business Standard Relevance: Taxation laws in India, Issues with BIT Synopsis: Repeal of retrospective tax law gives government the opportunity to renew the 70-odd Bilateral Investment and Protection Agreements (BIPA) Impacts of BIT and retrospective taxation BIT and retrospective taxation increased international arbitration cases. First, India has never been comfortable recognizing investments from abroad when they… Continue reading A BIT for FDI (On the need to renew BIPA)
Oil bonds and other associated issues – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 Deregulation of oil price3 What are oil bonds?4 Previous instances5 Rationale behind issuing bonds by the government6 Issues/concerns7 Suggestions/Measures8 Way forward Introduction The Centre has argued that it cannot reduce taxes on petrol and diesel, as it has to bear the burden of payments in lieu of oil bonds… Continue reading Oil bonds and other associated issues – Explained, pointwise
EVs are the future but a premature transition through bad policy is undesirable
Source: TOI Relevance: India’s Electric Vehicle (EV) policy Synopsis: An EV policy that is biased towards a premature transition to EVs can have unintended consequences. A look at the consequences and a way forward. Contents1 Background2 Govt support3 Impact of unsound policy changes4 What are some negatives associated with EVs?5 Way forward Background Around 81%… Continue reading EVs are the future but a premature transition through bad policy is undesirable
Wheat, rice lost in transit in last 4 years could have fed 82.30 million Indians for a month
Source: Down to Earth Relevance: Issues with Public Distribution System (PDS) Synopsis: Findings and recommendations of the Standing Committee report on Food, Consumer Affairs and Public Distribution (2020-2021) on India’s food storage and transit infrastructure, and the Decentralized Procurement Scheme (DCP). Contents1 Findings2 Recommendations3 Steps already taken4 Future steps Findings On Transit and storage infra… Continue reading Wheat, rice lost in transit in last 4 years could have fed 82.30 million Indians for a month
The message from the IPCC report
Source: The Hindu, Livemint Relevance: Fighting the climate-change crisis Synopsis: In light of the recent IPCC 6th Assessment Report, measures to mitigate the impacts of climate change and the ways to prevent further damage to our environment are discussed. What needs to be done? Focusing on definite cumulative emission targets, keeping equity and historical responsibility… Continue reading The message from the IPCC report
Tribunal reforms: what’s abolished, what happens to pending cases
Source: Indian Express Relevance: Tribunals in India, Justice delivery Synopsis: Changes introduced by the Tribunals Reform Bill 2021. Contents1 Context2 What is the Bill about?3 Why tribunals are being dissolved? 4 What are the tribunals that are being dissolved?5 Salient features of the bill Context The Supreme Court recently expressed its discontentment over the functioning of tribunals in… Continue reading Tribunal reforms: what’s abolished, what happens to pending cases
On top of the scrap heap (On Vehicle scrappage policy)
Source: Business Standard Relevance: On vehicle scrappage policy Synopsis: Vehicle scrappage policy is a step in the right direction, but its success is predicated on fulfillment of several conditions. A look at some of such factors. Background Read here: PM launches scrap policy for unfit vehicles Must Read: National Vehicle Scrappage policy – Explained Note:… Continue reading On top of the scrap heap (On Vehicle scrappage policy)
Seize the initiative on climate change, Mr Modi
Source: Business Standard Relevance: India’s fight against the climate crisis Synopsis: Though, not caused by us, climate change induced by the historical emissions made by developed countries, is the stark reality. India should prepare its roadmap for COP 26 Glasgow summit and secure an adequately financed deal for the developing world. Climate change, is thus,… Continue reading Seize the initiative on climate change, Mr Modi
PM launches scrap policy for unfit vehicles; projects gain for owners, economy
Source: Indian Express 1, Indian Express 2, Down to Earth, India Today, The Hindu Relevance: On Vehicle scrappage policy Synopsis: A formal launch of National Vehicle Scrappage policy is an important step towards waste to wealth. A critical analysis of the policy. Contents1 Context2 How the policy aids circular economy?3 Benefits4 Suggestions/Measures Context India’s National… Continue reading PM launches scrap policy for unfit vehicles; projects gain for owners, economy
