The dollar has served as the world’s dominant reserve currency since World War II. At present, the dollar is the primary currency used in cross-border transactions, held by central banks in reserves, and traded in foreign exchange markets. It gives the US a dominance in the international financial market. Many countries like Russia and China… Continue reading [Answered] The “de-dollarisation” by several countries is imminent, driven by the desire to insulate them from geopolitical risks. In your opinion, what would be the possible implications of de-dollarisation of global trade?
[Answered] A circular economy path adopted by India could bring in substantial annual benefits, along with a significant reduction in congestion and pollution. Substantiate and also suggest ways to nurture a circular economy in the Indian renewable energy industry
A circular Economy is an economy where products are designed for durability, reuse, and recyclability. Thus, almost everything gets reused, remanufactured, and recycled into a raw material. It includes 3Rs (Reduce, Reuse and Recycle) and focuses on increasing productivity in terms of more efficient utilization of resources. The Government has been actively formulating policies and promoting… Continue reading [Answered] A circular economy path adopted by India could bring in substantial annual benefits, along with a significant reduction in congestion and pollution. Substantiate and also suggest ways to nurture a circular economy in the Indian renewable energy industry
Translated into Ol Chiki for first time, Santals get to read India’s Constitution in their own script
What is the news? An assistant professor in the Santali language at the Sidho-Kanho-Birsha University in Purulia, West Bengal, Sripati Tudu has translated the Constitution of India in the Ol Chiki script. Need for translation He wanted the document to be more accessible and available for a wider group that may not necessarily be familiar… Continue reading Translated into Ol Chiki for first time, Santals get to read India’s Constitution in their own script
India trails other countries in researchers
News: In this article, S Sridhar, the President of the Organisation of Pharmaceutical Producers of India (OPPI) lists what can help consolidate India’s pharma industry’s advantages and help it touch $130 billion by 2030 from $42 billion in 2020. India is the world’s third-largest drug manufacturer in volumes and ranks 14th in value terms. However,… Continue reading India trails other countries in researchers
Heavy taxes are fine for quasi-assets like crypto
News: The government seems ready to expand the scope of goods and services tax (GST) to cryptocurrency transactions. Reports suggest it may impose crypto-token purchases with GST, just like on any other product. The entire value chain s expected to be included into its tax net. Presently, services provided by crypto exchanges are taxed at… Continue reading Heavy taxes are fine for quasi-assets like crypto
9 PM Daily Current Affairs Brief – March 22nd, 2022
Dear Friends, We have initiated some changes in the 9 PM Brief and other postings related to current affairs. What we sought to do: Ensure that all relevant facts, data, and arguments from today’s newspaper are readily available to you. We have widened the sources to provide you with content that is more than enough… Continue reading 9 PM Daily Current Affairs Brief – March 22nd, 2022
One nation one software
Context: National Generic Document Registration System can be helpful in dealing with the land records related issues. The Constitution of India is imbued with a federal vision. The 7th Schedule provides for 3 lists: “Union List” – defines the area of work for the Union government. “Concurrent List” – here both Union and State can… Continue reading One nation one software
Whither unemployment benefits
News: As per Centre for Monitoring Indian Economy, the average urban unemployment rate remained 9% in 2021. Before COVID the unemployment rate touched its peak in 2017-18 at 6.1%, with urban unemployment as high as 7.8%. This was further exacerbated by the pandemic. As per Centre for Monitoring Indian Economy, the average urban unemployment rate… Continue reading Whither unemployment benefits
A solution in search of a problem: on 10% reservation
The Government passed 103rd Constitutional Amendment Act creating a 10% reservation for economically weaker sections (EWS), for those, who have an income threshold of Rs. 8 lakh per annum. This article discusses potential implication of the EWS Amendment, followed by some alternatives: Issues with the amendment: Excludes no one: As per India Human Development Survey… Continue reading A solution in search of a problem: on 10% reservation
Changing the jurisprudence of scarcity
News: The Prime Minister’s recently made observation about the plight of the Indian medical students returning from Ukraine is on point. Why are problems being faced in the education sector? States are demanding reservation higher than 50%. It is demanded because most of the state’s population is eligible for reservation and goes beyond 50%. For… Continue reading Changing the jurisprudence of scarcity
