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 → 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 issued by the previous government to subsidize fuel prices. Fuel prices as of now remain incredibly high, with many metro cities having to… 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. Background Around 81% of the 18.6 million vehicles sold in 2020 were two-wheelers. Hence, the transition from an industry dominated by… 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). Findings On Transit and storage infra Wastage and pilferage loss: In the last four… 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. Context The Supreme Court recently expressed its discontentment over the functioning of tribunals in the country. A Bench led by Chief Justice of India recently asked the government if it intends to shut down tribunals that have several key… 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. Context India’s National Vehicle Scrappage Policy, unveiled in March 2021, has been formally… Continue reading PM launches scrap policy for unfit vehicles; projects gain for owners, economy
