Source: Live mint Synopsis: Recently, the Supreme Court directed the Centre to formulate guidelines for providing compensation under the Disaster Management Act. Contents1 Background2 Why the fear of downgrading credit rating is overrated?3 Why the government did not choose to provide compensation to COVID victims?4 Way forward: Background In response to SC directions, the Solicitor… Continue reading The creeping concerns over India’s debt
Author: Ram Manohar
Water as woe
Source: The Hindu Relevance: Urban flooding is a recurring event. This article highlights the reasons behind it. Synopsis: Mumbai cannot manage its flooding without a new deal for drainage and housing Background Due to global warming, the volume and duration of monsoonal rain are becoming unpredictable, and its catastrophic impacts on cities will become more… Continue reading Water as woe
A compromise amid uncertainty
Source: The Hindu Relevance: Developments of OPEC are important for India due to its dependency on oil. Synopsis: The OPEC deal to step up crude production will ease rising prices and balance domestic and global priorities. Background OPEC+ will now step up crude production by 400,000 barrels a day starting in August. The deal will… Continue reading A compromise amid uncertainty
How a four-minister MEA could amplify India’s diplomatic power?
Source: Livemint Relevance: Impact of recent MEA expansion on India’s diplomatic strength Synopsis: The ministry’s expansion signals an intent to ramp up our global profile and gain greater influence. Introduction: Recently cabinet expansion added two new ministers of state to join the ministry of external affairs (MEA). The MEA now has a record total of… Continue reading How a four-minister MEA could amplify India’s diplomatic power?
India needs an economic stimulus that can also aid green energy transition
Source: Indian Express Relevance: Areas where India can direct its economic stimulus for maximum effect. Synopsis: Some innovative and affordable pathways for a green stimulus which would create dispersed demand and jobs with large multiplier effects. Contents1 Background2 Innovative Ideas for Green stimulus3 Investments in EV charging Infrastructure:4 Policy Guidelines to support Solar Power Background… Continue reading India needs an economic stimulus that can also aid green energy transition
Hope fades for PSBs
Source: Business Standard Relevance: Resolving problems faced by PSBs Synopsis: Govt cannot keep infusing capital constantly. Hence privatization of PSB’s will be the ideal route. Contents1 Background:2 Why government need to recapitalize PSB’s?3 Increasing Bad loans4 Reasons for Bad loans5 Way forward Background: Public sector banks (PSBs) are reported to have written off about Rs… Continue reading Hope fades for PSBs
For Cairns dispute, international arbitration is not the way forward
Source: Indian Express Relevance: Various dimensions of the Cairn issue Synopsis: The recent move by Cairn to seize India’s sovereign assets has many grey areas of law that need due consideration. Background: Britain’s Cairn Energy Plc has secured an order from a French court authorizing the freezing of 20 Indian government properties in Paris valued at… Continue reading For Cairns dispute, international arbitration is not the way forward
Co-operation ministry: Harbinger of hope?
Source: Business Standard Relevance – How the new Ministry of Co-operation can make a significant positive impact on the ground Background On July 6, the Government of India announced the creation of a new Ministry of Co-operation. Over 300 million people are members of around 800,000 co-operatives in India today. Read more – Ministry of Cooperation… Continue reading Co-operation ministry: Harbinger of hope?
How OPEC+ deal to withdraw output cut impacts India
Source: Indian Express Relevance – High global oil price contributes to increasing inflation level in India. Therefore, the decision of the OPEC+ meeting is important for India. Synopsis: OPEC (Organisation of Petroleum Exporting Countries) and its allies led by Russia have agreed to gradually withdraw Covid-related production cuts by September 2022. Background: OPEC and its… Continue reading How OPEC+ deal to withdraw output cut impacts India
Areas of Cooperation and Competition
Source: Indian Express Synopsis: Ministry of Cooperation cannot always guarantee price stabilisation and growth. Do cooperatives guarantee growth? Firstly, in 1991 it improved the terms of trade for agriculture and benefitted millions of farmers. Agri-exports zoomed, but this led to higher domestic prices. Secondly, in 1991, the finance minister wanted to delicense the dairy sector… Continue reading Areas of Cooperation and Competition
