News: For a swift economic recovery of India, the central bank would need to guide the economy towards normalcy. In terms of monetary policy management, the central bank has started the unwinding process. In the context of financial sector oversight, RBI Governor Shaktikanta Das touched upon several interdependent issues in his remarks at an event… Continue reading Strengthening financial sector
The government should prepare for a sustained spell of inflation
News: Inflation data based on the consumer price index (CPI) released this week suggest that, inflation has decreased compared to the previous months. This may be good news for the Reserve Bank of India, but any complacency would not only be premature, it could also create challenges for an economic recovery. Why India should not get… Continue reading The government should prepare for a sustained spell of inflation
Time to harvest the tailwind in exports
News: The current increase in global trade offers an opportunity for India to get its exports’ strategy in order before growth dips again. Contents1 What are the factors that have contributed to the growth in exports?2 How does India stand to gain from this trend?3 What are the risks that can offset exports trade?4 What… Continue reading Time to harvest the tailwind in exports
Vending For India
News: Recent decision by multiple municipalities across the state of Gujarat to ban vendors selling non-vegetarian food has led to vendor organizations planning protests across these cities. Contents1 What are the critical roles played by street vendors?2 What are the issues faced by Street vendors?3 What steps are being taken to ensure the development of… Continue reading Vending For India
Prime Minister to Formally Handover DRDO Designed and Developed Advanced Electronic Warfare Suite ‘Shakti’ for Indian Naval Ships to Chief of Naval Staff
What is the News? The Prime Minister will formally hand over the advanced electronic warfare system ‘Shakti’ to the Chief of Naval Staff at a ceremony in Jhansi. What is Shakti? Shakti is an advanced electronic warfare(EW) system developed for the Indian Navy. Designed and Developed by: Defence Electronics Research Laboratory in Hyderabad, which is… Continue reading Prime Minister to Formally Handover DRDO Designed and Developed Advanced Electronic Warfare Suite ‘Shakti’ for Indian Naval Ships to Chief of Naval Staff
India, world’s largest recipient of remittances, received $87 billion in 2021: World Bank
What is the News? The World Bank has released its Migration and Development Brief Report. What are the key findings of the report? India is the world’s largest recipient of remittances. It received $87 billion in 2021. India had received over $83 billion in remittances in 2020. Reasons for the increase in Remittances: 1) Migrants… Continue reading India, world’s largest recipient of remittances, received $87 billion in 2021: World Bank
Second Chinese village along Arunachal border: Satellite images
What is the News? According to reports, China has constructed a second village along the disputed border in Arunachal Pradesh. However, the Indian Army has said that the location of this enclave was north of the Line of Actual Control(LAC) in Chinese-held territory. Moreover, this strategy of construction of villages shows China’s salami-slicing tactics to… Continue reading Second Chinese village along Arunachal border: Satellite images
RBI working group warns on digital lending by big tech players
What is the News? A working group set up by the Reserve Bank of India (RBI) has proposed stricter norms for digital lenders. Background RBI had constituted the working group on digital lending including lending through online platforms and mobile apps under the chairmanship of Jayant Kumar Dash, Executive Director, RBI. The working group was… Continue reading RBI working group warns on digital lending by big tech players
Personal guarantors may be part of cross-border insolvency framework under the Insolvency and Bankruptcy Code (IBC)
Contents1 What is the News?2 What is Cross Border Insolvency?3 Does India have a Cross Border Insolvency Framework?4 What will be the basis of the Cross Border Insolvency Framework?5 About UNCITRAL Model Law on Cross-border Insolvency, 1997 What is the News? The government is planning to bring personal guarantors for corporate debtors under the purview… Continue reading Personal guarantors may be part of cross-border insolvency framework under the Insolvency and Bankruptcy Code (IBC)
Government will repeal all 3 farm laws: Modi
What is the News? The Prime Minister has announced that the government has decided to repeal the three controversial farm laws passed in the Monsoon Session of Parliament in September 2020. What were the three farm laws that have been repealed? Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; Essential Commodities (Amendment) Act,… Continue reading Government will repeal all 3 farm laws: Modi
