Source: The Indian Express News: The current account surplus moderated to $15.5 billion (2.4% of GDP) in the quarter ended September of 2020-21 from $19.2 billion (3.8% of GDP) in the first quarter this fiscal.The current account saw a deficit of $7.6 billion(1.1%) in the year-ago quarter. Facts: Why has current account surplus narrowed? The narrowing of… Continue reading Current account surplus moderates to $15.5 bn in Q2
Tag: ECO_3
Importance of creating Resilient supply chains
Synopsis: The Covid-19 pandemic once again proved the importance of creating resilient supply chains that can survive the tough times. Introduction Creating supply chains that can withstand the disruptions is extremely important. Disruptions through the times is something inevitable as it can be manmade or natural. For example, The Tahoka Earthquake of 2011, followed by the Tsunami, led to a nuclear disaster caused a… Continue reading Importance of creating Resilient supply chains
WTO rules on domestic support and food security
This article on WTO Rules on domestic support has been developed based on the Indian Express Editorial “The food security bargain”. Context: Present World Trade Organization WTO rules are not in to support food security and rural livelihoods in India and around the world. With the initial results of National Family Health Survey (NFHS-5) between 2015… Continue reading WTO rules on domestic support and food security
WTO rulebook
Context: WTO rulebook must evolve to support food security and rural livelihoods in developing countries. What are the existing issues related to India? Whether the current farm subsidy rules provide enough room for developing countries to buy food at government-set minimum support prices as part of their public stockholding programmes. To negotiate a permanent solution. India’s farm… Continue reading WTO rulebook
Why antitrust lawsuits are being filed repeatedly against tech giants like Facebook?
The issue of anti-competitive practices by Tech giants has come into the light again as recently, an antitrust lawsuit was filed by the Federal Trade Commission (FTC) and governments of 48 US states against the tech giant Facebook, accusing it of crushing smaller competitors by abusing its dominant market position. Specific instances of acquisitions of… Continue reading Why antitrust lawsuits are being filed repeatedly against tech giants like Facebook?
Rise of corporate nationalism
Context: The Rise of ‘corporate nationalism’ empowers Indian companies at expense of consumers. Instances where the Sentiments of corporate nationalism has been raised against foreign corporates? Amazon-Reliance Dispute: The counsel for Future Retail accused Amazon of behaving like “the East India Company of the 21st century” and calling it “Big Brother in America.” Whatsapp pay… Continue reading Rise of corporate nationalism
Diversity requirements to Indian companies
Source: Click here What are the diversity requirements that Indian companies need to meet? News: NASDAQ stock exchange in the US may soon require all companies listed to include at least one female board member as well as one member from a racial minority group or from the LGBTQ community on their board of directors. Facts: Diversity… Continue reading Diversity requirements to Indian companies
Impact of the COVID-19 Pandemic on Trade and Development Report: UNCTAD
Source: Click here News: United Nations Conference on Trade and Development(UNCTAD) has released a report titled “Impact of the COVID-19 Pandemic on Trade and Development: Transitioning to a New Normal”. Facts: Aim: The report provides a comprehensive assessment of the impact of COVID-19 Pandemic on Trade and Development. Key Takeaways. The global economy would contract 4.3% this year… Continue reading Impact of the COVID-19 Pandemic on Trade and Development Report: UNCTAD
Push for Exports
Context: India needs to shed its exaggerated fears of trade agreements to create new jobs. What are the challenges facing by Indian economy? Contracting Economic growth: India is in an economic recession for the first time in its independent history. Rising Unemployment: Thousands of people lost their jobs due to the slowing economy in 2018-19 and… Continue reading Push for Exports
Time for an Asian Century
Context: In a phase, where the west is adapting to Asian rules, RCEP will have immediate geopolitical and economic implications. India’s challenge will be in securing an ‘Atmanirbhar Bharat’ in this phase. What is Asian centrality? ‘ASEAN centrality’ rejects the current frame of the West setting the agenda while allowing the West to adapt Asian rules… Continue reading Time for an Asian Century
