What is the News? Minister of Skill Development & Entrepreneurship (MSDE) has launched two projects— (i) Revival of Namda craft of Kashmir as a special pilot project under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 3.0 and (ii) upskilling of artisans and weavers of Kashmir under Recognition of Prior Learning (RPL), component of PMKVY. What is… Continue reading MSDE launches pilot projects to revive and catalyze the traditional Namda Craft and upskill the Artisans and Weavers of Kashmir
Explained: How PASIPHAE will peep into the unknown regions of the sky
What is the news? Wide Area Linear Optical Polarimeter (WALOP), a vital instrument for the PASIPHAE Project, is being developed at Inter-University Centre for Astronomy and Astrophysics (IUCAA), Pune, India. Note: WALOP is an instrument for PASIPHAE Project. It will be mounted on two small optical telescopes to detect polarised light signals emerging from the… Continue reading Explained: How PASIPHAE will peep into the unknown regions of the sky
How to regulate Cryptocurrencies?
News: Indian regulators can leverage the simple money management approach towards regulating Cryptocurrencies. The task of financial-economic policy is to address market failure, i.e. the four problems of – systemic risk, resolution, prudential regulation, and consumer protection. Does cryptocurrency merit financial regulation in India? The role for financial regulation in any situation can be analysed… Continue reading How to regulate Cryptocurrencies?
The T-20 investment path
News: Parliament is about to come up with a bill banning crypto-currencies, which are today the most sought after investment option for today’s generation. Why do people prefer to invest in new options like crypto currency? Bank deposits returns are quite low with respect to other options-2.75% in a savings account or 5% in a… Continue reading The T-20 investment path
A new public stocking policy centred on pulses, edible oils and vegetables is needed to manage unseasonal price hikes
News: Unseasonal price spike in Tomatoes and onions The cost of many vegetables such as tomatoes, cabbage and other greens become relatively affordable during winter. This is because of increased supply, since planting of these crops is done during August-October, and they are all 50-to-100-day crops. But in the current winter, all these vegetables are… Continue reading A new public stocking policy centred on pulses, edible oils and vegetables is needed to manage unseasonal price hikes
The great inflation conundrum that policymakers must resolve
News: Economies around the world, including Argentina, Brazil, Turkey, India, and, most importantly, the US are witnessing an increase in price levels. The increase of inflation in the U.S and other economies will have adverse effects worldwide because its spill over effects are far-reaching. What has been the inflation trend across the countries? While present… Continue reading The great inflation conundrum that policymakers must resolve
Why India’s coal habit won’t be easy to shake off
News: In the climate summit at Glasgow, India spoke of a “phase down” rather than a “phase out” for coal, and it was backed by China, South Africa and some other countries. It shows India’s huge dependence on coal for its energy requirements and is likely to be so by 2030. A phase-out may hurt… Continue reading Why India’s coal habit won’t be easy to shake off
Stable banking – On Banking reforms
News: The RBI last week announced that it had accepted 21 of the 33 recommendations of the internal working group set up to examine the ownership guidelines and corporate structure in private sector banks. One of the key recommendations made by the internal working group was that industrial houses be permitted to promote banks after… Continue reading Stable banking – On Banking reforms
Get to Business: About India – Pakistan relations
News: India and Pakistan have partially opened their land border recently. Recent trade relations between India and Pakistan After the Pulwama terror attack, bilateral trade between the two countries plummeted from around $2 billion in 2017-18 to $280 million in 2020-21 (April to February). Also read: “India-Pakistan Relations” – Pakistan to Resume Trade with India What steps… Continue reading Get to Business: About India – Pakistan relations
Making the House work
News: In India, the efficiency of Parliament is measured through the number of bills passed. Given that the government has decided to repeal three farm laws, this will raise questions on the efficiency of Parliament and the net output. What questions does it raise for Representative democracy? Repealing these farm laws will be unique as… Continue reading Making the House work
