Tag: business standard

News: The Union Ministry of Commerce and Industry recently issued a statement that all imports of paper products — from newsprint to letter paper — will require pre-registration. From October 1, according to the new requirements, imports will be subject to a Paper Import Monitoring System, which will require importers to register themselves in a… Continue reading Another anti-trade action

Context: As per Wilhelm von Humboldt, the purpose of a research university is to search for knowledge. However, it is said that such knowledge becomes more beneficial when it walks out of the university’s door in the heads of its students. Contents1 About the linear model of innovation2 Shortcomings in the model3 Importance of public… Continue reading Linking science and innovation

News: Many countries are competing for the share in investments coming out of China. India is facing heavy challenges from other countries. Countries have been trying to attract companies leaving China for various reasons. Apple has started leaving China and other companies may follow. Many South-East countries such as Vietnam, Malaysia, Indonesia and Thailand are… Continue reading India’s aversion to Chinese investments and how geopolitics impacts PLI

News: The coal shortage could worsen the power crisis in the coming months in India. According to news reports, an internal assessment of the power ministry shows the shortage could increase in the September quarter, which can lead to widespread outages. The domestic production of coal is unable to keep pace with rising power demand.… Continue reading Power for growth

Context:The recent ransomware attack targeting SpiceJet has put a spotlight on one of India’s biggest cyber-vulnerabilities. Contents1 Why India needs to strengthen its cybersecurity architecture?2 How does a ransomware work?3 What are the challenges involved?4 What is the way forward? Why India needs to strengthen its cybersecurity architecture? Both government services and private sector businesses… Continue reading Cyber safety

News: The Supreme Court has given a ruling on a commercial dispute, the Union of India versus Mohit Minerals, over the levy of the integrated goods and services tax (GST) on ocean freight charges paid by importers. It has triggered a nationwide debate. About the Judgment The judgment is virtually a recitation from the Article 279A (4)… Continue reading Storm in a GST cup

Context: Entropy, or the disorder in a system, is a concept not usually used to understand economic trends, but it best describes the disorder and randomness at work today. What are some negative economic trends since the start of 2022? Energy costs rising, the trade balance turns more negative, the fiscal balance deteriorating, portfolio capital… Continue reading For India, economic entropy presents both an opportunity and big challenge

Context: Food consumption is outpacing food production. It may prove the Malthus theory correct. In 1798, British philosopher and economist Thomas Malthus gave a theory. The theory predicted a catastrophe, which is also called “Malthusian catastrophe”. He predicted in his theory that population growth would outpace food production to cause shortages and famine. His theory… Continue reading How consumption is set to outstrip food grain production

News: The level of crude oil prices often changes the macroeconomic outlook in India. How do oil prices impact India’s economic outlook? India’s macroeconomic outlook improves when oil prices are low and stable. Whereas, a rise in oil prices means a higher Current Account Deficit and pressure on the currency. It also results in inflation… Continue reading Crude Economics – Marco-Economic impacts of oil price rise