News: After the repeal of farm laws, farm groups are demanding for a legal guarantee for the minimum support price (MSP). As of now, various options are being suggested to meet the demand of protesting farmers. One of the schemes that has found repeated mentions in various commentaries is the price deficiency payment scheme (PDPS).… Continue reading PM-AASHA, price deficiency payment scheme: A fact check on its progress
Tag: business standard
India-Germany relations: After 16 years
News: Recently, Olaf Scholz has been sworn in as chancellor of Germany, ending the 16-year tenure of Angela Merkel. About Germany’s political system The political system of Germany is known for its continuity. The post-War German republic has had just nine chancellors, including Mr Scholz. For the past 40 years, just three individuals have occupied… Continue reading India-Germany relations: After 16 years
Surging prices threaten to scupper India’s coming-of-age gas party
What is the news? India will need to review its plans of expanding the use of Liquefied natural gas(LNG) if the prices of LNG continue to stay at high levels. What is Natural Gas? Natural gas is a fossil energy source that formed deep beneath the earth’s surface. Natural gas contains different compounds. The largest… Continue reading Surging prices threaten to scupper India’s coming-of-age gas party
RBI to have on-device wallets in UPI apps for small-ticket transactions
What is the news? The Reserve Bank of India will soon launch UPI-based payment products for feature phones, and a new “on-device” wallet for small value UPI transactions. Why RBI is launching UPI-based payment products for Feature Phones? Feature phones are basic phones, which typically provide voice calling and text messaging functionalities. Currently, there are… Continue reading RBI to have on-device wallets in UPI apps for small-ticket transactions
A window of opportunity
News– How we can leverage the advantages that are generating due to Strict COVID policy of China and other restrictions going parallel to it. Where we stand vis-a-vis China? China’s economy is over five times of India’s. it has a $14-trillion economy, to India’s $2.7-trillion economy. We are too dependent on China for everything from active pharmaceutical ingredients to smartphones. And… Continue reading A window of opportunity
Women in the post-pandemic workplace
News: Indian economy is sustained after the shocks of demonetization, GST, and now covid. These economic disruptions have a lot of impact on women’s employment status in the workplace. What do the stats say about women participation in the workforce? By 2019, India’s Female Labour Participation Rate (FLPR) had dropped to 20.3%, from the already low… Continue reading Women in the post-pandemic workplace
On fiscal deficit: The turn of the Centre
News: The Union Finance Minister Nirmala Sitharaman will present her 4th consecutive Budget in just about eight weeks from now. It is expected that Ms Sitharaman would achieve a 2.7 percentage point reduction in the deficit from 9.5% in 2020-21 to 6.8% in 2021-22. This steep reduction will provide a lot of flexibility in managing… Continue reading On fiscal deficit: The turn of the Centre
India’s labour market distress
News: Data from various employment surveys indicates that India’s growth model is in trouble. On what basis it is said that India’s growth model is in trouble? Labour participation has dropped: The recent data from the Centre for Monitoring Indian Economy (CMIE), suggests that, the labour participation rate has slipped for consecutive months. As per… Continue reading India’s labour market distress
India-Russia summit recognised that each needs the other, and that the drift in bilateral ties needs to be arrested
News: Recently, 21st India – Russia Annual summit took place. The summit highlighted the “all-weather” partnership between India and Russia. Must read: Recent developments in India-Russia Relations – Explained, pointwise What are the challenges in India-Russia relations? 1. Despite considerable progress with vaccinations, both countries still face public health concerns and face challenges in controlling… Continue reading India-Russia summit recognised that each needs the other, and that the drift in bilateral ties needs to be arrested
World Inequality report 2022: World’s most extreme inequality increase in India
What is the News? World Inequality report 2022 has been released. The report is authored by Lucas Chancel, co-director of the World Inequality Lab and coordinated by famed French economist Thomas Piketty among others. What are the key findings of the World Inequality Report 2022 related to India? National Income: In India, the top 10%… Continue reading World Inequality report 2022: World’s most extreme inequality increase in India
