9 PM Daily Current Affairs Brief – August 12th, 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 – August 12th, 2021

Our e-com opportunity to raise export earnings

Source: Livemint What is the news? The finance ministry’s report on Indian economy for July indicates that Indian economy is witnessing a revival. Recent rise in consumer demand among the rich nations is providing an opportunity to Indian exporters to expand their market. Parameters indicating economic revival Increase in Purchasing Manager’s Index for manufacturing sector… Continue reading Our e-com opportunity to raise export earnings

Why Indian Railways failed to attract private players to run trains?

Source: Indian Express Relevance: Issues related to Privatization of Railways Synopsis: Private sector’s interest should be taken care of if Indian railways (IR) wants to attract private capital. Background On July 1, 2020, the Indian Railways launched the formal process of inviting private parties to run trains on the Indian railway system. However, hopes of… Continue reading Why Indian Railways failed to attract private players to run trains?

Bankruptcy code reforms must be handled with special caution

Source: Live Mint Relevance: Improving the Insolvency and bankruptcy law. Synopsis: Rather than focussing too much on haircuts and debt recovery, IBC should focus on maximization of value, as intended originally. Few suggestions for reforming the Insolvency and Bankruptcy Code (IBC), 2016. Background A parliamentary standing committee has called for an overhaul of the Insolvency… Continue reading Bankruptcy code reforms must be handled with special caution

An urban jobs safety net

Source: TheHindu Relevance: Impact of COVID on economy & employment Synopsis: The article signifies the need to formulate a wage employment-based national urban livelihood scheme on lines of MGNREGA. Impact of COVID on the economy World Economic outlook report presents a grim picture of the global economy. It states that – all of the world countries… Continue reading An urban jobs safety net

Investing in degraded forest land for the health of our economic system

Source: Down to Earth Relevance: Importance of effective management of land resources. Synopsis: Arresting forest land degradation can help India achieve its SDG targets in a most cost-effective manner. Significance of a healthy forest ecosystem and its benefits. Context Speaking at the high-level virtual dialogue on desertification, land degradation and drought organised by the United Nations… Continue reading Investing in degraded forest land for the health of our economic system

OBC list issue: Quotas solve little

Source:  Indian ExpressTOITOI Relevance: latest developments in the issue of OBC reservation. Synopsis: Reservation is a sticky issue in Indian politics. The recent move of restoring the rights of States to frame the OBC list (127th amendment bill) is seen by many as a step in the right direction. Introduction: Political parties showed unity in… Continue reading OBC list issue: Quotas solve little

Medical Educational regulation 2021: Building Consent

Source: The Hindu Relevance: Concerns of Indian Medical Association (IMA) on draft Postgraduate Medical Educational regulation 2021 & demand of withdrawing that bill Synopsis: According to the new regulation, there shall be common Counseling for admission to all medical educational institutions including Post Graduate “Broad Specialty courses” on the basis of merit list of “National… Continue reading Medical Educational regulation 2021: Building Consent

Make House rules more stringent to ensure smooth functioning : Speaker Om Birla

Source: TOI Relevance: The article emphasizes the need to strictly follow the rules of the house to ensure its smooth functioning. Synopsis: Frequent disruptions have been seen in the house, which often stalls the working of the house. Reasons behind the recent protests Pegasus controversy Farm Bills Other issues Impact of the deadlocks: Parties could… Continue reading Make House rules more stringent to ensure smooth functioning : Speaker Om Birla

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