Contents1 What is the news?2 What changes have been made to the PCA framework?3 Why the PCA framework has been revised?4 Which banks are currently under PCA framework? What is the news? The Reserve Bank of India (RBI) has unveiled a revised PCA framework for Scheduled Commercial Banks (SCBs), and the changes will be effective… Continue reading RBI unveils revised PCA framework
Author: Ram Manohar
Leaders vow to protect forests, plug methane leaks at COP26
News: World leaders promised to protect Earth’s forests, cut methane emissions and help South Africa halt itself off coal at the U.N. climate summit. Contents1 What is Global methane Pledge?2 Why it is needed?3 What commitments were made to reverse deforestation and land degradation?4 What commitments were made to support South Africa towards renewable energy… Continue reading Leaders vow to protect forests, plug methane leaks at COP26
Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
Synopsis: Reasons for the increase in Centre’s gross tax revenues during April-September 2021. Introduction The Centre’s gross tax revenues have grown 64.2% year-on-year during April-September. This has resulted in a reduced fiscal deficit for the first half of 2021-22 that is, just 35% of the budget estimate for the whole year. According to the Swiss… Continue reading Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
A good synthesis of climate and transport economics would help
Synopsis: An analysis of urban India’s need for sustainable mobility suggests that we must rely heavily on clean public transit systems. Contents1 Introduction2 Why slow transition towards zero-emission vehicles looks difficult for India?3 What are ‘transit cities’ & How India can develop transit cities?4 What are the challenges in designing a transport system? Introduction Road… Continue reading A good synthesis of climate and transport economics would help
Decarbonization mustn’t overlook the rich-poor divide
Synopsis: Unless the world addresses the distributional and inequality-causing impact of highly carbon-intensive economic models, our job towards limiting temperature rise to 1.5°Celsius will remain unfinished Contents1 Introduction2 How much subsidies does India spend on fossil fuels?3 How much carbon space is available as of now?4 What is the way forward? Introduction With increased carbon… Continue reading Decarbonization mustn’t overlook the rich-poor divide
RBI’s Payment Guidelines: Implications – Explained, Pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What are the new guidelines issued by RBI w.r.t recurring payments and Payment Aggregator/Gateways?3 What is the rationale behind the new guidelines?4 What have been the implications of RBI’s new regulations and guidelines?5 What is the way forward? Introduction The Reserve Bank of India’s guidelines on recurring payments, payment… Continue reading RBI’s Payment Guidelines: Implications – Explained, Pointwise
Our pandemic failures should inform climate-response talks
Synopsis: The fight against COVID and climate change has suffered from misinformation. Both require strong measures and popular support. Contents1 Introduction2 How COVID has been a series of failures?3 What do these failures have to do with climate?4 What are the lessons leaders and officials meeting in Glasgow should keep in mind?5 What is the… Continue reading Our pandemic failures should inform climate-response talks
How to decarbonize: On decarbonization
Synopsis: Central planning in decarbonization will impose excessive costs upon society. Contents1 Introduction2 Why the state’s role is essential?3 What are the drawbacks of a centrally planned decarbonization process?4 Why locally suitable mechanisms for decarbonization are best suited for India?5 Why carbon tax is considered the right mechanism to induce local innovative thinking towards decarbonisation?6… Continue reading How to decarbonize: On decarbonization
Vote for continuity
Synopsis: RBI should focus more on inflation management. Contents1 Introduction2 How was the central bank’s response to the pandemic ?3 What are the problems faced by RBI during the pandemic?4 Should RBI follow IMF’s Suggestion?5 What is the way forward? Introduction The Union government has given a three-year extension to Reserve Bank of India (RBI)… Continue reading Vote for continuity
Future Imperfect: On unemployment
Synopsis: There is a huge pool of unemployed university graduates with unfulfilled aspirations. The present situation and the steps that can be taken to address this issue. Contents1 Introduction2 What has led to an increase in the enrollment?3 What are the associated concerns?4 What are the existing challenges with vocational institutions?5 What is the way… Continue reading Future Imperfect: On unemployment
