Tag: business standard

News: Recently, the government has imposed export taxes on fuels, and a cess on domestic crude production. Background Lower domestic prices have incentivised refiners to export products at higher prices, resulting in domestic fuel shortages. Before announcements, the fiscal deficit was tracking around Rs 2.2 trillion. It was above budget estimates due to higher subsidies and… Continue reading Govt’s move to tax fuel export will impact policy change in energy sector

News: The currency’s fall gets more attention than its rise. At present, the Indian rupee is falling against the US dollar. Contents1 What is the status of the Rupee fall vis a vis other currencies?2 What is the long-term cause-and-effect relationship between country and currency?3 How does India maintain its long-term cause-and-effect relationship between country… Continue reading The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern

News: NITI Aayog has recently released a new policy brief titled “India’s Booming Gig and Platform Economy.” What is “India’s Booming Gig and Platform Economy” Report? Must read: India’s Booming Gig and Platform Economy What are the challenges associated with the NITI Aayog report? Issues with compensation and protections in work: This is particularly for… Continue reading About NITI Aayog’s report on Gig and Platform workers: Platform economy

News: Recently, the government of India introduced a new recruitment scheme for the armed forces, Agnipath. Must read: Agnipath Scheme: Need, Benefits and Challenges – Explained, pointwise What are the advantages of Agnipath Scheme? From the 10th year onwards, Agnipath will yield 31,250 soldiers each year (25 per cent of 125,000) for extended service tenures. The… Continue reading One recruit, one salary – Agnipath Scheme

News: India has witnessed substantial divergence between the numbers of Covid-related deaths reported by Indian official sources and numbers cited by the World Health Organization. Therefore, due to such deviations, there is a need to look into the status of India’s health care system. Adequacy in health care in India A number of studies have… Continue reading India’s health disorder

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?