Making of a biotech hub

Context: The pandemic has given the country an opportunity to evolve from being the pharmacy of the world to being the centre of a revolutionary research. How has India performed in the field of biotechnology over the years? Change overtime: India has seen an immense improvement in the number and quality of its healthcare facilities, reduction in… Continue reading Making of a biotech hub

Banking reforms

Context- RBI committee has recommended a series of changes that could transform the banking landscape by paving the way for large industrial conglomerates to set up banks. What are Non-Banking Financial Companies NBFCs? These are establishments that provide financial services and banking facilities without meeting the legal definition of a Bank. Hence they are frequently referred… Continue reading Banking reforms

Lakshmi Vilas Bank (LVB) merger with DBS bank

Context: Lakshmi Vilas Bank (LVB) merger with DBS bank is justified Why RBI decided for merger of Lakshmi Vilas Bank (LVB) amalgamation with DBS bank? Erosion of trust in financial institutions: India, over the past two years has seen the collapse of four financial firms: IL&FS, Dewan Housing Finance, Punjab and Maharashtra Cooperative Bank and Yes… Continue reading Lakshmi Vilas Bank (LVB) merger with DBS bank

Digital nation: On delivery of citizen services

Context: The true measure of digitalisation would be smooth delivery of all citizen services. Analyse the development of India as a digital nation. Measure of digital nation: The true measure of digital nation is the readiness of governments to use technology to create open, participatory public systems that citizens consider trustworthy. Result of internet access: Affordable smartphones and… Continue reading Digital nation: On delivery of citizen services

Judiciary is not slipping into ‘barbarism

Context: Recently questions have been raised on functioning of judiciary that it is slipping into “judicial barbarism”. What are the recent charges made against the judiciary? Electoral bonds case: The court has refused to do timely hearings of cases that go to the heart of the institutional integrity of a democracy. Elgar Parishad case: The… Continue reading Judiciary is not slipping into ‘barbarism

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