Category: ECONOMY-2

Context: The Centre on Tuesday unveiled an ambitious plan to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs)saddled with high, non-performing assets and facing the prospect of having to take haircuts on loans stuck in insolvency proceedings. Introduction: The move is vital for the slowing economy, as… Continue reading Non Performing Assets (NPAs) and its impact on Indian economy

Context India must curb intellectual property rights violations in order to become an innovation hub. What are intellectual property rights? Intellectual Property Rights (IPRs) are legal rights, which result from intellectual invention, innovation and discovery in the industrial, scientific, literary and artistic fields. These rights entitle an individual or group to the moral and economic… Continue reading Why India needs Innovation and IP rights: An overview

Context: India has rejected fresh efforts by a clutch of countries led by the European Union (EU), Japan, Canada and Australia to negotiate new global e-commerce rules under the aegis of the World Trade Organization (WTO). Introduction: India fears that the new global e-commerce rules could provide unfair market access to foreign online retail firms,… Continue reading India opposes negotiating new global e-commerce rules

Context: India is the fastest growing large economy in the world despite this fact job creation is   very low in the country. Introduction: The labour bureau data shows that job creation could be at the lowest in eight years. According to Labour bureau statistics, job creation or job growth for 2015 and 2016 (April-December) stood… Continue reading The challenge of Job creation in India

Context The Prices of the pulses in India have always been an issue. On an average, the peaks have hovered 40 percentage points above the “zero” level. Somewhat predictably, pulses have seen an average annual inflation rate of 12%—the highest among food crops—in the past 12 years. Pulses in India Pulses are annual leguminous crops… Continue reading The Vagaries of Pulse Prices

Context Recently, the NITI Aayog released the Action Agenda for the government, a roadmap for reforming various sectors of the economy including agriculture. Introduction: NITI Aayog’s Action Agenda forms a part of larger Vision Document which spans a seven year strategy and a 15 years vision till fiscal year 2031-32. NITI Aayog’s Three Year Action… Continue reading NITI Aayog’s roadmap for reforming Agriculture sector

Context While 99.5 per cent of India’s villages are considered electrified, a fifth of the country’s population still awaits an electricity connection and many more suffer due to poor power supply. Hence, the government has moved beyond village electrification to 24×7 power for all by 2022. What is the new plan? The central government has… Continue reading India’s Power Generation

Context: The Cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion (DIPP), launched a social media campaign to promote Geographical Indications (GIs). What are Intellectual Property Rights? Intellectual Property Rights (IPRs) are legal rights, which result from intellectual invention, innovation and discovery in the industrial, scientific,… Continue reading Protection of Geographical Indications from infringement

Context Urgency on bank consolidation is priority today but it must not distract from the bad loans mess, or problems of governance. What is Bank merging? A bank merger occurs when banks join to become one. The merging of Banks is a step forward towards development in the banking sector. Recent mergers and talk of… Continue reading Merging of Banks on an urgent basis

Context: As a part of the Goods and Services Tax (GST) reform, a new levy called the “GST Compensation Cess” has been introduced by the government in order to compensate the loss of the manufacturing States in the first five years of GST implementation. Introduction: The Cess has been introduced through the GST (Compensation to… Continue reading GST and its far reaching impacts