In News: India can achieve the goal of self-reliance (atma nirbharta) by enhancing the capability of youth. About Demographic Dividend: According to the United Nations Population Fund (UNFPA), demographic dividend means the economic growth potential that can result from shifts in a population’s age structure. The change in age structure is typically brought on by a decline… Continue reading What is demographic dividend?
Category: Subjects
Performance of the Parliament
Performance of the Parliament In news: The decision to drop “Question Hour” during the Monsoon Session of Parliament, evoked serious concerns about the democratic functioning of the institution. Brief Overview of the Indian Parliament: The Parliament is the legislative organ of the Union government. The Indian Parliament comprises of the President and the two Houses… Continue reading Performance of the Parliament
Basic Structure Doctrine
The “Basic Structure” doctrine is a legal doctrine made from judicial innovation specific to the Indian context. The doctrine prescribes that certain features of the constitution are essential for the functioning of the state. Such features are beyond the limits of the amending powers of the Parliament. The word “Basic Structure” is not mentioned in… Continue reading Basic Structure Doctrine
Wildlife Protection Act, 1972
Wildlife Protection Act, 1972 is an Act passed by the Parliament of India which came into force on 9th September 1972. It was enacted for the protection of plants, birds and animal species. It has six schedules that extend to the whole of India. Schedule I to V deals with animals, whereas Schedule VI regulates… Continue reading Wildlife Protection Act, 1972
Base year of CPI-IW changed
The Labour and Employment Ministry on Thursday revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016. Why the base year for the Consumer Price Index for Industrial Workers(CPI-IW) has been changed? Due to the changing consumption pattern, more weightage has been given to spending on health, education,… Continue reading Base year of CPI-IW changed
National Payments Corporation of India (NPCI)
It is a “Not for Profit” umbrella organization for operating retail payments and settlement systems in India, is an initiative of RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It aims in bringing innovations in the… Continue reading National Payments Corporation of India (NPCI)
Digital payment system in India
What is the role of RBI in the evolution of digital payment in India? RTGS- This system enables the transfer of money from one bank account to another on a “real-time” and on “gross” basis. Settlement happens in real-time. The large value payments on stock trading, government bond trading and other customer payments were covered… Continue reading Digital payment system in India
social cost of carbon (SCC)
The social cost of carbon (SCC), tries to add up all the monetary value of quantifiable benefits and costs of emitting one additional tonne of CO2. This value can then be used to weigh the benefits of reduced warming against the costs of cutting emissions. According to OECD, The Social Cost of Carbon is usually… Continue reading social cost of carbon (SCC)
Can a state challenge/reject central laws? On issue of farm bills and CAA
Recently Punjab has denied implementing the Central Farm Laws in the state and has moved amendments to the legislations. Previously, on the Issue of CAA (Citizenship Amendment Act), several state governments like Kerala denied the implementation of the same in their states. Thus, the question arises, are states empowered to reject the central laws in… Continue reading Can a state challenge/reject central laws? On issue of farm bills and CAA
Farm bills 2020: Can Punjab challenge a central law?
Good evening dear reader. Here is our 7pm editorial Summary for today Farm bills and Punjab’s bills against them Punjab bills About farm bills and associated concerns Farmers’ Produce Trade and Commerce (Promotion and Facilitation), bill 2020 Issues with Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020: Farmers (Empowerment and Protection) Agreement on… Continue reading Farm bills 2020: Can Punjab challenge a central law?
