Category: ECONOMY-2

Context: The Union Cabinet has approved the setting up of panel of ministers, to decide on consolidation proposals for Public sector banks Introduction: The Finance Ministry is ready to provide capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans With this, the government seeks to consolidate 21 state-owned banks… Continue reading Issue of bank Mergers

Context: The recent report of the Justice B.N. Srikrishna committee, constituted to prepare a road map to make India a hub of international arbitration Introduction: The committee has recommended many changes in Indian arbitration law and institutional mechanisms to promote arbitration in India. The committee has also recommended on bilateral investment treaty (BIT) arbitration. The… Continue reading India plans to re-calibrate the Indian Arbitration Law

Context: The ongoing military stand-off with China in the Himalayan mountain range has once again brought the issue of trade imbalances with that country to the fore. Introduction: A bilateral trade deficit should not be a worry in normal circumstances. What really matters is the overall trade balance rather than its individual components. China is… Continue reading India China Trade deficit triggers uneasiness

Context: NITI Aayog has recently issued a set of three documents which give us a fair idea about where national economic policy is headed in the coming years. Introduction: NITI Aayog has come up with action plan on three sectors – trade, industry and services for creating a well paid jobs. NITI Aayog, after making… Continue reading Niti Ayog to issue blueprint for India’s economic policy

Context: Discussions are at a ‘well-advanced’ stage for Australia’s uranium sale to India, to fuel nuclear power plants to achive energy security in India. Introduction: Australia will start uranium exports to India as soon as possible,  to fuel a long-standing demand from Asia’s third largest economy. India is   looking at environment friendly fuels to power… Continue reading Uranium sale talks at final stage

Context: To ensure large-scale job creation, the freedom to create jobs must be on a par with other freedoms guaranteed by the Constitution. Introduction: The idea of job creation has become a perennial segment of concern for both the general public as well as the policy makers of India.  With the nation’s economy leaping in… Continue reading Freedom to create jobs must be on par with other freedoms

Context: The Government had tasked NITI Aayog to draft the National Energy Policy (NEP) which would reflect the priorities of the Government and also capture the opportunities that have emerged both in energy technologies and markets across the globe Introduction: The National Energy Policy (NEP) aims to chart the way forward to meet the Government’s… Continue reading India continues to pursue its ambitious renewable energy policy

Context: Providing food to the poor or targeted groups at subsidized prices is fully WTO compatible Background It was believed that India and other developing countries were likely to exceed or had already exceeded the 10% subsidy threshold in 2013. The G-33 group of developing countries under the leadership of India submitted a proposal in… Continue reading WTO policies and its impact on food security

Context: The exit of Vishal Sikka as the chief of multinational IT giant Infosys brings forth the issue of corporate governance once again Introduction: Recently, SEBI has constituted a committee on corporate governance under the chairmanship of Uday Kotak last month The committee is expected to submit its report within four months. The SEBI’s norms… Continue reading SEBI formed committee on Corporate Governance

Context: The Sahara Group’s case calls for a thorough probe to reveal all its money laundering dimensions. Introduction: It has been about five years since the Supreme Court ordered the Sahara Group, led by Subrata Roy, to refund money that it borrowed investors without sufficient regulatory clearance. The Securities and Exchange Board of India, was… Continue reading Controlling Money Laundering in India