What is the news? The finance ministry has issued guidelines on staff accountability that aim to shield them from good decisions gone bad. Banks should revise Staff Accountability Policies based on these guidelines and frame the procedures with the approval of their respective boards. What are the staff accountability policies of PSBs? At present, different… Continue reading PSBs to introduce common staff accountability guidelines for NPAs
Kashmir’s fragility has more complex reasons
Synopsis: Recently there has been an increase in violence in Kashmir. This needs careful analysis to avoid the failure of the Kashmir Policy. Introduction Several civilians and armed forces personnel have been killed by terrorists in a series of violent attacks in Kashmir. This has led to comparisons with the situation that existed during the… Continue reading Kashmir’s fragility has more complex reasons
9 PM Daily Current Affairs Brief – November 2nd, 2021
Dear Friends We have initiated some changes in the 9 PM Brief and other postings related to current affairs. What we sought to do: Ensure that all relevant facts, data, and arguments from today’s newspaper are readily available to you. We have widened the sources to provide you with content that is more than enough and… Continue reading 9 PM Daily Current Affairs Brief – November 2nd, 2021
Metaverse explained by 2 media and information experts
What is the news? There is a new push in tech-firms for dominating the “Metaverse” technology. Recently Facebook renamed itself as “Meta” highlights one such push. Technology industry envision it as the successor to today’s internet. What is “Metaverse”? The “metaverse” is a network of always-on virtual environments in which many people can interact with… Continue reading Metaverse explained by 2 media and information experts
Finding a way out of India’s deepening water stress
Synopsis: India’s water crisis will increase in future, so the government, people, and all should come together to solve the issue. Introduction Recently, the draft National Water Policy has been submitted by the Mihir Shah committee. What are the reasons behind the water crisis in India? Lack of sustainable urban planning: Many cities in India… Continue reading Finding a way out of India’s deepening water stress
Digitization could ease MSMEs’ access to supply-chain finance
Synopsis: Access to formal credit to MSMEs can be provided by linking the GST system and TReDS platform. Introduction Access to formal credit continues to be a challenge for micro, small and medium enterprises (MSMEs). Lack of reliable financial information is one of the main reasons. This can be solved by linking India’s GST system… Continue reading Digitization could ease MSMEs’ access to supply-chain finance
Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Synopsis: Targeted support should be ensured to ensure desired growth of the sectors. Introduction Recent economic data shows that the Indian economy is bouncing back and is likely to exceed the pre-pandemic levels. RBI’s October Bulletin also indicated a GDP growth of 9.6% in the July-September quarter. But still, there are some sectors that are lacking… Continue reading Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
Synopsis: Reasons for the increase in Centre’s gross tax revenues during April-September 2021. Introduction The Centre’s gross tax revenues have grown 64.2% year-on-year during April-September. This has resulted in a reduced fiscal deficit for the first half of 2021-22 that is, just 35% of the budget estimate for the whole year. According to the Swiss… Continue reading Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
A good synthesis of climate and transport economics would help
Synopsis: An analysis of urban India’s need for sustainable mobility suggests that we must rely heavily on clean public transit systems. Introduction Road transport contributes about 10% of global emissions and is rising faster than any other sectors. Hence the emphasis of developed countries is towards shifting away from car possession. Why slow transition towards… Continue reading A good synthesis of climate and transport economics would help
Decarbonization mustn’t overlook the rich-poor divide
Synopsis: Unless the world addresses the distributional and inequality-causing impact of highly carbon-intensive economic models, our job towards limiting temperature rise to 1.5°Celsius will remain unfinished Introduction With increased carbon emissions the global carbon budget is also decreasing. We need to make suitable changes to our lifestyles to make them less and less carbon intensive.… Continue reading Decarbonization mustn’t overlook the rich-poor divide
