News: Recently, Supreme Court suggested halting criminal proceedings against economic fugitives, who are willing to repay the money they owe to lenders and others they defrauded. This article discusses that government should revisit its current stance on fugitive economic offenders. What is the case? The co-accused in the Sterling Biotech fraud case has claimed that… Continue reading Show Me the Money – On Fugitive Economic Offenders
Fiscal constraints – On Capital Expenditure of Government
News: Recently released Union Budget 2022-23 has increased capital expenditure. Why increasing CAPEX is a significant step? The economy is recovering from a pandemic-induced disruption, and the private sector is not investing because of weak demand. Hence, increased capital expenditure will help in increasing growth and crowd in private investment. It will also increase medium-term… Continue reading Fiscal constraints – On Capital Expenditure of Government
The Budget has ignored the poor
News: The 2022-23 Union Budget was presented in the backdrop of acute unemployment, growing poverty, burgeoning wealth and income inequalities, and accelerating inflation which affect the poor disproportionately. However the recent budget falls short of addressing these concerns. Where is the current budget lacking in addressing the problems of the poor? Not enough government… Continue reading The Budget has ignored the poor
UGC releases draft National Higher Educational Qualification Framework
What is the news? University Grants Commission(UGC) has released a Draft National Higher Educational Qualification Framework (NHEQF). What is the Draft National Higher Educational Qualification Framework (NHEQF)? It has been released as part of a set of reforms that the National Education Policy (NEP) 2020 envisages. This draft framework is not intended to promote a… Continue reading UGC releases draft National Higher Educational Qualification Framework
India ranks third globally in forest area gain: Survey
What is the news? The Economic Survey 2022 has provided data regarding forest area in India. What are the key highlights from the survey? India has increased its forest area in the past decade and ranks third globally in average annual net gain in forest area from 2010-2020. Forests covered 24% of India’s total geographical area,… Continue reading India ranks third globally in forest area gain: Survey
Government approves continuation of Scheme of Assistance to National Sports Federations with an outlay of Rs. 1575 crore
What is the news? The Union Government has approved continuation of Scheme of Assistance to National Sports Federations (NSFs) from 2021-22 to 2025-26. What is the Scheme of Assistance to National Sports Federations (NSFs)? It is the flagship Central Sector Scheme of the Ministry of Youth Affairs and Sports. The scheme is the main source… Continue reading Government approves continuation of Scheme of Assistance to National Sports Federations with an outlay of Rs. 1575 crore
Saffron Bowl Project
What is the news? North East Centre for Technology Application and Reach (NECTAR) under Saffron Bowl project has identified few locations in Arunachal Pradesh and Meghalaya for saffron cultivation. Saffron Cultivation in North East Saffron production has long been restricted to a limited geographical area in the Union territory of Jammu & Kashmir. Pampore region,… Continue reading Saffron Bowl Project
Explained: At the root of Assam-Arunachal Pradesh border dispute, a committee report from 1951
What is the News? Recently, Assam Chief Minister met his Arunachal counterpart to discuss decades-old boundary dispute between the two states. What is the historical background of the boundary dispute between Assam and Arunachal Pradesh? The dispute dates back to the British era when in 1873 British announced inner line regulation. British demarcated planes and… Continue reading Explained: At the root of Assam-Arunachal Pradesh border dispute, a committee report from 1951
World Wetlands Day: Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
Contents1 What is the News?2 What is Khijadiya Bird Sanctuary?3 What is Bakhira Wildlife Sanctuary?4 What is the National Wetland Decadal Change Atlas? What is the News? On the occasion of World Wetlands Day, Khijadiya Bird Sanctuary in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh have been included as Ramsar Site from India. With… Continue reading World Wetlands Day: Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
Digital Rupee: Advantages and Challenges – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What is a Central Bank Digital Currency?3 About the status of CBDC at the global level4 About the steps announced by the Finance Minister on digital currency(Digital Rupee)?5 Will other digital currencies be allowed in India?6 What are the prerequisites before releasing the Digital Rupee?7 What are the advantages… Continue reading Digital Rupee: Advantages and Challenges – Explained, pointwise
