Synopsis: Import substitution cannot deliver “Make in India for the World”. Lessons from Vietnam. Introduction In 2015, India decided to promote mobile phone industry through import substitution. The eventual goal was to make a success of “Make in India for the World”. Though, there has been a significant expansion of domestic production of telephones since… Continue reading Big Lesson From Small Nation: On import substitution
How banks can lose $60 billion to cybercash highways
Synopsis: Cross-border transfers are going to be more faster and economical. Introduction Currently, the cross-border transfers are both too slow and too expensive for retail customers. The monetary authorities of Australia, Singapore, Malaysia and South Africa have come together with the Bank for International Settlements on Project Dunbar. It will explore the feasibility of a… Continue reading How banks can lose $60 billion to cybercash highways
India’s ‘early harvest’ trade deals could run into trouble
Synopsis: India should be mindful of legal requirements of arriving at an “early harvest” trade deal before signing a full FTA. Introduction India wishes to fast-track its free trade agreement (FTA) negotiations with several countries like the UK, Australia, the European Union, and Canada. It is keen to conclude an “early harvest” trade deal with… Continue reading India’s ‘early harvest’ trade deals could run into trouble
Instead of denying slide in democratic values, India must work to fix it
Synopsis: India’s performance in global rankings in political affairs has taken a dip. This calls for deep introspection. Introduction India has ranked low in various global democracy reports. This is not good for India, as it tarnishes the image of India. What are the findings of the various reports? Freedom House Index 2021: It demoted… Continue reading Instead of denying slide in democratic values, India must work to fix it
Partners in the Indo Pacific
Synopsis: The ‘2+2’ dialogue between India and Australia will provide substance to an already meaningful partnership. Introduction Recently, India and Australia held the inaugural 2+2 talks. The main focus of the dialogue is to implement the vision of a peaceful and prosperous Indo-Pacific Region. What are the recent developments in India-Australia Relations? Common and shared… Continue reading Partners in the Indo Pacific
Should children be giving COVID 19 jabs
Synopsis: Vaccination has helped the world to overcome the Covid-19 pandemic. However, the debates over-vaccination of Children still continues. Introduction Covid-19 has impacted all sections of society, especially children. Debates have been going on to initiate Covid vaccination drives for children. This issue was raised, particularly in India, when the reopening of schools was tied… Continue reading Should children be giving COVID 19 jabs
How India ramped up its vaccination drive
Synopsis: India’s vaccination drives have evolved over the last two decades. It has overcome not just scientific challenges, but also social issues like hesitancy. Introduction India’s health infrastructure was put under severe stress by the 2nd COVID wave. The best remedy to prevent recurrence is to complete the vaccination drive. However, Vaccination faces a great… Continue reading How India ramped up its vaccination drive
[Yojana August Summary] Reforms in the Civil Services – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The Civil services are the backbone of the administrative machinery of the country. The ministers decide the policy, and it is for the civil servants, who serve at the pleasure of the President, to implement it. Evolution of Civil services in India During Ancient India: According to the Kautilya’s Arthasastra,… Continue reading [Yojana August Summary] Reforms in the Civil Services – Explained, pointwise
Developed countries seek to end export financing for coal
What is the News? The US, European Union, South Korea and other countries are planning to forbid their export-financing agencies from supporting coal-fired power projects overseas. What is the issue? The US, EU and other countries are planning to put a proposal at the Organization for Economic Cooperation and Development(OECD) to take a tough position… Continue reading Developed countries seek to end export financing for coal
India, UK aim to launch FTA negotiations by November 1
What is the News? India and the UK are planning to begin the negotiations on a Free Trade Agreement(FTA) by November 2021. About India-UK FTA India and the UK are planning to sign an interim trade deal by March 2022 which will be followed by a comprehensive Free Trade Agreement(FTA). The interim trade pact would… Continue reading India, UK aim to launch FTA negotiations by November 1
