Tag: business standard

News: The government of Rajasthan has decided to introduce an urban job guarantee scheme similar to MGNREGA, which will offer 100 days of demand-based employment. What are the concerns associated with the scheme? State economy: First concern is whether 800cr  allocation will be enough for the open-ended program? Rajasthan’s government debt is already at 1/3rd of state GDP, as reported… Continue reading Facing the job problem

News: India recently sold BrahMos supersonic cruise missiles to the Philippines. Read here: the Philippines to acquire BrahMos cruise missiles for $375 million Why the Philippines is upgrading its defence capabilities? Both China and the Philippines claim islands in the South China Sea (SCS). China has militarized Woody Island and arbitrarily claimed the Nine-Dash Line (NDL).… Continue reading A policy to replicate BrahMos’ success

News: Russia’s invasion of Ukraine and possible sanctions by US will impact India adversely. What are the probable adverse impacts on India? Inflationary impact: the significant upward pressures on oil prices, exacerbated by the Organisation of the Petroleum Exporting Countries’ recent unwillingness to raise output. It will accentuate inflationary impulses and increase risks for the… Continue reading Flashpoint Ukraine

News: The finance ministry has excused itself from providing a projection of its fiscal consolidation plan. What is the issue? In the recent budget, the Union finance ministry committed to reducing the government’s fiscal deficit from 6.9 percent of gross domestic product or GDP in 2021-22 to 6.4 percent in 2022-23. Further, the deficit is… Continue reading Amending the FRBM Act

News: Government has brought out a new disclosure framework for companies that requires a detailed level of reporting from FY21 within a prescribed format of its Corporate social responsibilities (CSR) activities.  Companies need to submit these details to the Registrar of Companies.   What does the government directive say?  The disclosure requires some granular details.… Continue reading New CSR disclosure framework for companies: Onerous disclosures 

News: Recently, a new green hydrogen and green ammonia policy has been introduced that envisages building a prominent role for clean fuels in the country’s fossil fuel-dominated energy mix.    Contents1 What does the policy offer? 2 What are some issues with the policy? 3 Why is Hydrogen important for India?  4 What is the way forward? What… Continue reading Making Green Hydrogen work 

News: This article discusses the vital issues related to agriculture that the government needs to keep in view while formulating the country’s strategy for future negotiations on agriculture-related matters in various WTO forums. Why AoA of WTO needs to be reviewed? One, Agreement on Agriculture (AoA) under the World Trade Organization (WTO) and its amendments… Continue reading The farm deal that needs to be reworked