Context: RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. Why it is a concern? Already, India’s banking system is distressed due to the failures of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, followed by the bailout of Yes Bank. Now, the Reserve Bank of India decision to… Continue reading Moratorium on Lakshmi Vilas Bank
Category: Current affairs Categories
Government interventions
Context – The Government’s core belief in ‘minimum government’, which ties its hands when it comes to fiscal measures even in such harsh economic conditions. What are the reasons for the failure of stimulus packages? Lack of Demand– The aggregate demand for goods and services again is dependent on the income and purchasing power of people, which… Continue reading Government interventions
Urbanisation and pandemic
Context: Prime Minister Narendra Modi’s call for a reimagining of urban planning and development to make cities and towns healthy and liveable after COVID-19. More on news: PM emphasised resetting the mindset, processes and practices for safe urban living, and acknowledged that governments actually do little for the working millions at the Bloomberg New Economy… Continue reading Urbanisation and pandemic
7 PM Editorial |Factors Responsible for Troubled Neighbourhood Relations|28th July 2020
Detailed Analysis on Factors Responsible for Troubled Neighbourhood Relations !
