Tag: business standard

News: Recently, the BRICS Summit was held virtually. It included a high-level dialogue on global development. Contents1 About the BRICS2 Developments so far before 14th Summit3 Various cooperation announcement made in the Summit4 India’s Proposals5 What are the friction points and challenges between BRICS members? About the BRICS It was established to promote the global south… Continue reading Straddling cooperation and challenges at BRICS

News: In recent weeks, the conduct of monetary policy in India has been severely criticized by economists. Contents1 About the Monetary Policy Committee2 What have been the lacunas in MPC policies?3 What are the underlying challenges in the conduct of monetary policy?4 What should be the priority areas of the monetary policy? About the Monetary… Continue reading The art and science of managing inflation

News: Within a year after the government liberalised the drone policy, the farm sector has become the biggest user of these multi-utility flying robots. The country’s agricultural drone market is projected to grow at a robust annual rate of over 25% in the next five to six years. What is the reason for increasing drone… Continue reading Aerial boon for farming

News: The G7 leaders are going to meet to discuss various global crises such as war in Ukraine, food insecurity, inflation, backlogged global supply chains, the pandemic response, and climate change. About G7 Members — Canada, France, Germany, Italy, Japan, the United Kingdom, the US, and the European Union What are the impact of these issues… Continue reading How G7 could help the debt-distressed?

News: Recently, a few private-sector refiners decided to import larger quantities of crude oil from Russia. This is likely to impact India’s Crude oil diplomacy and diplomatic standing with Western allies and West Asia, currently the country’s top suppliers. Last month, Russia became India’s second-largest oil supplier by overtaking Saudi Arabia. Why there is an… Continue reading Crude oil diplomacy

News: The situation is rapidly approaching a major humanitarian crisis in Sri Lanka with its Prime Minister Ranil Wickremesinghe recently stating that Sri Lanka’s economy has completely collapsed. How bad is the situation? Sri Lanka’s PM has informed parliament that the economy was facing a far more serious situation beyond mere shortages of fuel, gas,… Continue reading Stabilise Sri Lanka

News: State governments indulge in most of the general government spending (including the central government). According to a recent Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal figure among the most stressed states fiscally. The study has highlighted 10 vulnerable states based on their debt stock in 2020-21. These… Continue reading Fiscal weakness – State finances can impede growth

News: Just after reopening the complete lockdown, Shanghai reimposed a fresh, partial Covid-19 lockdown again. This shows China’s zero-tolerance strategy toward Covid-19. The lockdown provides another opportunity for global value chain (GVC) restructuring and relocation. India should utilise this opportunity and must attract relocating supply chains. Contents1 What are the phases of GVC restructuring?2 How… Continue reading GVC restructuring: China’s zero Covid policy & India’s opportunity