News: Popular narratives play a much bigger role in economic policymaking than economists and policymakers acknowledge. For instance, the Weimar hyperinflation of 1921-24 is deeply embedded in the German consciousness. Even now, nearly 100 years after the event, German society trusts financial stability and distrusts public debt. Fiscal conservatism remains the dominant narrative and has… Continue reading The case of demonetisation in India
Dualism and its discontents
News: Covid has substantially sharpened economic dualism in India. Poverty rates are increasing and government needs to focus on the expansion of job opportunities in both the formal and informal segments India has been characterised by significant economic dualism and disparities over many years. Dualism indiciates co-existence of two different worlds. Economic dualism therefore denotes… Continue reading Dualism and its discontents
Money Is The Key To Happiness
News: Per capita GDP, not GDP itself, is the real measure of national progress GDP does not reflect a society’s well-being. GDP captures neither population decline nor welfare. Moreover, it doesn’t measure social indicators of wellbeing such as the health, education, and welfare of children. In this context, many alternatives have been proposed such as… Continue reading Money Is The Key To Happiness
Afghan tangle: No easy options for New Delhi, especially given broader threats posed by Beijing, Islamabad
News: India hosted Third Regional Security Dialogue on Afghanistan. The dialogue concluded with the Delhi Declaration. Must Read: ‘Delhi Regional Security Dialogue on Afghanistan’ What are the key features of the Delhi Declaration? The declaration 1. Strongly objected to the use of Afghan soil for planning, financing and carrying out terrorist activities, 2. Called for collective… Continue reading Afghan tangle: No easy options for New Delhi, especially given broader threats posed by Beijing, Islamabad
Carbon tariffs: On 12th Ministerial of WTO
News: India must follow a constructive approach while negotiating trade rules in the upcoming WTO summit. A range of issues will be discussed in the upcoming 12th Ministerial Conference of the WTO at Geneva such as fishing subsidies, progress on pandemic-related intellectual property issues, broader questions about WTO reform, including fixing the broken dispute settlement… Continue reading Carbon tariffs: On 12th Ministerial of WTO
How loopholes in Civil Procedure Code delay justice
News: Recently, the Supreme Court awarded judgement in a civil court case after a prolonged delay. In an amendment introduced to the Civil Procedure Code (CPC) in 2002, the Law minister assured to resolve civil cases in one and a half years, but this has not yet become the ground reality. What are the challenges… Continue reading How loopholes in Civil Procedure Code delay justice
Tortuous trajectory of Uphaar case exposes the limitations of the legal framework to bring closure, fix accountability
News: There are so many fire incidences that occurred like in a coaching centre in Surat, children hospital etc. Delhi HC, recently, gave 7 years imprisonment to convicts involved in tampering with evidence in the 1997 Uphaar fire tragedy case. All this raises a question on the efficacy of fire safety norms that fail to… Continue reading Tortuous trajectory of Uphaar case exposes the limitations of the legal framework to bring closure, fix accountability
India Launches E-Amrit Portal on EVs at COP26
What is the News? On Transport Day at COP26, India, represented by NITI Aayog participated in the fourth ministerial dialogue of the Zero-Emission Vehicle Transition Council(ZEVTC). Moreover, the Government of India also launched the E-Amrit portal on this occasion. What is the Zero-Emission Vehicles Transition Council(ZEVTC)? ZEVTC was formed in November 2020. It is a global… Continue reading India Launches E-Amrit Portal on EVs at COP26
COP26: US joins India-led global solar alliance
Contents1 What is the News?2 What is the significance of the US joining ISA?3 About International Solar Alliance4 Initiatives by ISA What is the News? The United States of America(USA) has joined the International Solar Alliance (ISA) as a member country. What is the significance of the US joining ISA? The US has become the… Continue reading COP26: US joins India-led global solar alliance
Natural wealth of the nations
What is the News? The World Bank has released a report titled ‘The Changing Wealth of Nations 2021’. The report is a periodic evaluation of wealth generation and distribution beyond the traditional GDP [gross domestic product] matrix and includes natural resources as part of a country’s wealth. What are the key findings of the report?… Continue reading Natural wealth of the nations
