News: RBI officials have done well to caution crypto enthusiasts by talking about tulip mania and Ponzi schemes. While the case for a digital-token ban remains weak, risk awareness must rise. Offer documents of public offerings give an insight into the associated risk factors to potential investors. But there is no such equivalent in Cryptocurrency.… Continue reading The cryptosphere needs amplified risk warnings
Philanthropy – Power of giving: Fund-starved sectors like science, health, education, rural development need generous HNIs
News: Recently, families of IT firm Mindtree’s co-founders Subroto Bagchi and NS Parthasarathy donated Rs 425 Crore to Indian Institute of Science. IISc. It should be noted that last year, IISc broke into the top 100 band in Times Higher Education’s Reputation Ranking of global universities. The donated amount will utilized to set up medical… Continue reading Philanthropy – Power of giving: Fund-starved sectors like science, health, education, rural development need generous HNIs
Engel’s law and Pandemic’s impact on our food expenditure
News The recent budget has seen a reduction in the amount allocated for food subsidy, mid-day meals and for the Mahatma Gandhi National Rural Employment Guarantee Act. These steps may worsen the situation of the poor who have been struggling to even cope with the disruption to their food budget as shown by a recent… Continue reading Engel’s law and Pandemic’s impact on our food expenditure
India must prioritise stability in Myanmar
News One year ago, the military in a coup attempted to take over power from the elected civilian government and installed a caretaker government. A lot has changed since then in Myanmar and this requires a diplomatic shift from New Delhi’s side. What has been situation in Myanmar? After the coup, the deposed civilian lawmakers… Continue reading India must prioritise stability in Myanmar
The importance of caste data
News: Recently, the Supreme Court upheld the 27% quota for Other Backward Classes (OBC) in the All-India Quota seats for the National Eligibility-cum-Entrance Test. What does the judgement say? One, the judgement reiterated that reservations for backward classes were not an exception but an extension of the principle of equality under Article 15(1) of the… Continue reading The importance of caste data
The pathology of school closure in India
News: According to a United Nations report, India has become the country with the second longest COVID-19 pandemic-linked school closure in the world. Why Indian schools remain reluctant to reopen? First, misinformation such as ‘the third wave would affect children’ made by influential individuals have scared parents. Second, occasional incidents of children being hospitalised are… Continue reading The pathology of school closure in India
Gaming and banning: On ban on online games
News: Recently, legislative attempts to prohibit online gaming have failed under judicial scrutiny. What was the issue? First, the amendments brought to existing regulations on betting and gambling in Karnataka have been struck down by the State’s High Court. Also, last year, the Madras High Court invalidated similar amendments that targeted online rummy and poker.… Continue reading Gaming and banning: On ban on online games
The Yogi, The CEO & The Lesson – On Algo Scam
News: Recently, the Securities and Exchange Board of India (SEBI) has issued the final order on the “Algo scam” at the National Stock Exchange (NSE). What is “algo scam” and what has happened? Read more here: https://forumias.com/blog/governance-breakdown/ What does this reveal? One, even if the information shared wasn’t price-sensitive, had nothing to do with trading… Continue reading The Yogi, The CEO & The Lesson – On Algo Scam
Everyday Economics: What is an IPO?
What is the news? The initial public offering(IPO) of Life Insurance Corp of India (LIC) is likely to run from March 10 to 14,2022. What is an IPO? An IPO or initial public offering is the process by which a privately held company, or a company owned by the government such as LIC, raises funds… Continue reading Everyday Economics: What is an IPO?
Cabinet clears setting up of G20 Secretariat
What is the news? Cabinet has approved setting up of a G20 Secretariat to put in place arrangements required for India’s presidency of the prestigious grouping. Note: India will hold the Presidency of the G20 from December 1, 2022 to November 30, 2023. Why is the G20 Secretariat being established? As per practice, a G20… Continue reading Cabinet clears setting up of G20 Secretariat
