Source: Live Mint Synopsis: An examination of the IBC’s record on resolving cases of business insolvency reveals greater success than critics acknowledge Background Analysis of IBC’s performance: Added points A good insolvency system cannot be judged by the number of companies being liquidated. Because the purpose of insolvency law is to swiftly liquidate firms that… Continue reading Our bankruptcy code deserves credit for what it has achieved
A cycle of low growth, higher inflation
Source: The Hindu Synopsis: Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery Background Some economists are of the opinion that the Government should not intervene with the economy and that it will revive by itself. These economists’ reason that, like after the Great Depression, the… Continue reading A cycle of low growth, higher inflation
No Fossil Fuels as Usual
Source: Indian Express Synopsis: The article suggests redefining the supply-side priorities of the Ministry of Petroleum and Natural Gas in the face of the imperatives of atmanirbharta. Introduction: The spread and speed of the destruction caused by climate change in recent weeks present a policy dilemma. Indian economy is dependent on fossil fuels, and there is… Continue reading No Fossil Fuels as Usual
Rethink aviation policy
Source: business-standard.com Synopsis: The government’s approach to the aviation sector in India has grown messy, confusing, and possibly counter-productive. Background: Recently the director-general of the International Air Transport Association (IATA) pointed out that government regulation was slowing the aviation sector’s recovery from the second wave. Both capacity and pricing restrictions are creating a problem for… Continue reading Rethink aviation policy
The draw of space and nuclear technologies
Source: thehindu.com Synopsis: It remains to be seen whether the new ventures of Jeff Bezos and Bill Gates will strike a chord and benefit mankind. The projects are aimed to address the issues of climate change and high reliance on fossil fuels, however they are subjected to various criticisms. Background: Jeff Bezoes blasted into space… Continue reading The draw of space and nuclear technologies
RBI must come clean where it stands on climate change
Source: Livemint Relevance:This article explains why the RBI should include green financing and what are the challenges faced by the RBI in its execution? Synopsis: Considering the extreme climatic events around the globe and in India, the RBI has to include green financing as its component Introduction: The past few weeks over 200 people have… Continue reading RBI must come clean where it stands on climate change
What India@75 needs: Education and skills, rather than freebies
Source: The Indian Express Relevance: This article explains the India’s improvements in poverty reduction, literacy and food security since independence and suggestions to improve further. Synopsis: India’s improvement in poverty reduction, literacy and food security since independence is impressive but a lot more needs to be done. About India’s Independence: India started its journey as… Continue reading What India@75 needs: Education and skills, rather than freebies
Onus on states to implement Supreme Court order quashing Section 66A
Source: timesofindia.indiatimes.com | thehindu.com Synopsis: The centre has given its reply to a petition filed by PUCL pertaining to misuse of Section 66A by the state police. The Centre said that the onus lies with the states to implement the apex court’s 2015 judgment. Background: The Union government informed the Supreme Court (SC) that the… Continue reading Onus on states to implement Supreme Court order quashing Section 66A
Who is a Bhumiputra in Goa, and why is the Opposition objecting to the new law?
Source: https://indianexpress.com Synopsis: The legislative assembly of Goa passed the Goa Bhumiputra Adhikarini Bill, 2021 for giving ownership rights to Bhumiputra (son of the soil)’. However, the bill has been criticised by the opposition as it was passed in haste and reckless manner. Background: The legislative assembly of Goa passed the Goa Bhumiputra Adhikarini Bill,… Continue reading Who is a Bhumiputra in Goa, and why is the Opposition objecting to the new law?
10 PM Daily Current Affairs Quiz | August 2 2021
