News: India’s unemployment problem is not reflected in its unemployment rate. Its problem lies in the low employment rate and its discouraged young female labor force. Why the unemployment rate is not India’s most important labor market indicator? The unemployment rate was 7.9 percent in December 2021. This does not mean that the remaining 92.1… Continue reading Some unemployment puzzles
Tag: business standard
Pragmatism on investment
News: Recently, India’s foreign direct investment (FDI) policy was altered through a press note. But the government is re-examining extra scrutiny on Chinese investment. What was changed in FDI policy? Investment from countries with which India shared a land border would no longer be allowed through the automatic route. They have to be cleared in… Continue reading Pragmatism on investment
In the works: National e-commerce policy to script arm’s-length rulebook
What is the News? Government is preparing a revised and perhaps a more lenient Draft National E-commerce Policy. Note: Earlier, at least two draft E-commerce policies had been prepared. But they could not become policy after some government departments opposed certain clauses. What will be the purpose of the upcoming Draft National E-commerce Policy? Aim:… Continue reading In the works: National e-commerce policy to script arm’s-length rulebook
Search for tax evasion
News: The tax department has conducted a record level of searches in the current fiscal year. As reported by Business Standard last week, so far, the department has found an undisclosed income of Rs 32,000 crore. While it is encouraging that the tax department is working hard to make sure that everyone pays his or… Continue reading Search for tax evasion
India getting warmer, hotter: 2021 fifth warmest year since 1901, says IMD
What is the news? India Meteorological Department (IMD) has recently released its report on India’s climate. What are the IMD’s findings? -2021 has been the fifth-warmest year since 1901, and the decade 2012-2021, was the warmest on record. 11 of the 15 warmest years on record were between 2007 and 2021. It also found that… Continue reading India getting warmer, hotter: 2021 fifth warmest year since 1901, says IMD
A code for the committee of creditors
News: Parliamentary Standing Committee of Finance in its report had argued for the need to have a professional code of conduct for the committee of creditors. After this Insolvency and Bankruptcy Board of India (IBBI) had issued a discussion paper proposing a code of conduct (code) for the Committee of Creditors (CoC) to ensure transparency in its functioning. Why there is need… Continue reading A code for the committee of creditors
Propping up the property market – Issues facing Housing Sector
News: Indian housing sector is struggling a lot due to stalled housing projects, which has led to a loss of output and jobs. What are the problems associated with housing projects? Fear psychosis among buyers: Customers today are reluctant to pay advances as they are not sure whether the project will complete or not. So, they… Continue reading Propping up the property market – Issues facing Housing Sector
Writ petition not maintainable against proceedings by banks: SC
What is the news? The Supreme Court has observed that a writ petition by borrowers challenging proceedings under SARFAESI Act initiated by Bank/Asset Reconstruction Companies is not maintainable. What was the case about? A writ petition was filed in the Karnataka High Court by borrowers challenging proceedings under SARFAESI Act initiated by Asset Reconstruction Company… Continue reading Writ petition not maintainable against proceedings by banks: SC
Cutting corporate debt
News: Indian companies are deleveraging i.e. that is there is reduction in their borrowed debt. This trend is likely to continue, specially in the present pandemic situation. What are the indicators of deleveraging by Indian companies? The debt-to-equity ratio of listed firms dropped to a six-year low of 0.59 in 2020-21, compared to 0.73 in… Continue reading Cutting corporate debt
Origins of the species – On human evolution
News: The understanding of the Human evolution has evolved much more compared to early 20th century due to contributions of Leaky family. The article highlights the contributions made by British-Kenyan Leaky family to the understanding of origins of Homo sapiens. Until about the middle of the 20th century, it was a common belief that Homo sapiens evolved around 50,000-60,000… Continue reading Origins of the species – On human evolution
