Delay in release of official statistics has dire consequences for addressing job crisis economy News: The article discusses the effect of delay in release of official statistics by the government. Facts: India had built a robust statistical system despite having a large informal economy and many forms of economic activity not captured by conventional measures.… Continue reading Delay in release of official statistics has dire consequences for addressing job crisis
Category: ECONOMY-2
139 polluted cities not on clean air plan: report
139 polluted cities not on clean air plan: report Economy News According to a report titled Airpocalypse III, by Greenpeace, there are 139 Indian cities that breach air pollution standards but are not included in the Centre’s National Clean Air Programme (NCAP) Important facts The exclusion of cities is due to the fact that the… Continue reading 139 polluted cities not on clean air plan: report
Think universal basic capital
Think universal basic capital Economy Article The article discusses universal basic capital as an alternative to universal basic income Analysis Universal Basic income (UBI) UBI is a minimum income (direct cash transfers) guaranteed by the state to every individual every month. It is premised on the belief that every person should have a right to… Continue reading Think universal basic capital
Investment over subsidies
Investment over subsidies News: The article analyses agrarian crisis and the proposed solution of universal basic income (UBI). Facts: A removal of all agricultural subsidies, ranging from fertilizer to those on interest, water and power, and distributing the savings among most of the rural population through UBI is being proposed as a solution to rural… Continue reading Investment over subsidies
NPA and Bad Bank
Context Finance Minister Piyush Goyal, has announced the formation of a committee to assess the idea of bad banks. What is NPA? NPA or Non-Performing Assets are loans or advances that are in default or are in arrears on scheduled payments of principal or interest, usually for a period of 90 days. Before the period… Continue reading NPA and Bad Bank
SOFT POWER IN THE 21ST CENTURY
CONTEXT: India aspires to become a Global Power in this Multipolar world order. To do so we need to have both Hard & Soft Power. Need for power Since ancient times, battles and wars have been fought in the quest for power. A powerful nation can impose its ideals and policies on other nations. Power… Continue reading SOFT POWER IN THE 21ST CENTURY
15th Finance Commission: Terms of reference and its issues
Context: After the introduction of 15th Finance Commission, there have been a slew of arguments against its Terms of Reference (ToR). Background: 1951: The first Finance Commission was established by the President of India in 1951 under Article 280of the Indian Constitution. It was formed to define the financial relations between the central government of India and the individual state governments. November, 2017:… Continue reading 15th Finance Commission: Terms of reference and its issues
RBI’s bi-monthly monetary policy review of 2018-19
Context: Recently, the first bi-monthly monetary policy review of 2018-19 has been introduced. Background: 4th April, 2018: The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has introduced the first bi-monthly monetary policy review of 2018-19. Please note: Meetings of the Monetary Policy Committee are to be held at least 4 times a year.… Continue reading RBI’s bi-monthly monetary policy review of 2018-19
E-way bill system: all you need to know
Context: The GST e-way bill system has been recently rolled out all over India as part of anti-tax evasion measures under the new tax regime. Background: 1st April, 2018: The group of minister (GoM) formed to oversee the implementation of the Good and Services Tax (GST) implemented the e-way bill for inter-state movement of goods… Continue reading E-way bill system: all you need to know
India has potential to touch 7-8% growth rate
Context: Economic growth is on an upward move as the twin impacts of demonetisation and GST implementation wane, and will accelerate to 7.3% next fiscal from 6.5% this year. Background: 2016: On 8 November 2016, the Government of Indiaannounced the demonetisation of all Rs 500 and Rs 1000 banknotes of the Mahatma Gandhi Series. 2017: The… Continue reading India has potential to touch 7-8% growth rate
