Source – Live Mint Synopsis – India has improved its ease of cross border trade ranking, the overall score is higher than many OECD nations and the average of the EU. Introduction India has made significant progress in the ease of cross-border trade as per the latest UN Global Survey on Digital and Sustainable Trade… Continue reading India improves score in ease of cross-border trade
Tag: Economy
Calculating the benefits of lockdowns
Source: The Hindu Relevance – Lockdowns due to Covid pandemic incurred a huge cost on the economy. This article highlights the same. Synopsis: The article questions the practicability or even desirability of protecting lives with the aid of lockdowns. Contents1 Background2 The cost of a lockdown3 How to calculate the value of a human life?4… Continue reading Calculating the benefits of lockdowns
Bank Nationalisation: 52 years and ticking
Source: Business Standard Relevance – The government has cleared its intention to privatize the public banks. This article highlights some aspects of bank nationalization. Synopsis: Nationalization has served its purpose. It’s time to move forward with the retention of majority ownership of the government in a few banks to serve people. Contents1 History of Bank… Continue reading Bank Nationalisation: 52 years and ticking
India’s new Industrial policy is a replay of socialist era follies
Source: Live Mint Relevance – An analysis of govt’s Industrial policies. Synopsis: It took decades for India to shift from its inward-looking and uncompetitive manufacturers. Now the government is again giving importance to inward-looking and uncompetitive companies to produce for the domestic market. Background: One of this government’s first promises was to revive the manufacturing… Continue reading India’s new Industrial policy is a replay of socialist era follies
Can state immunity be invoked in Cairn Energy case?
Source: Indian Express Relevance: This article highlights options before India in the Cairn energy case. Synopsis: State immunity can be invoked to resist the seizure of sovereign assets, but not commercial properties. Besides, fighting the case will consume an enormous amount of resources and attract bad press. Contents1 Background2 Implications 3 State immunity – a possible… Continue reading Can state immunity be invoked in Cairn Energy case?
Curbs on foreign card firms
Source: Indian Express Relevance – Data localization is being taken seriously in India. Aspirants must have knowledge of all aspects linked to it. Synopsis: Recently, the Reserve Bank of India has barred three foreign card payment network companies (Mastercard, American Express, and Diners Club) from taking new customers on board over the issue of storing… Continue reading Curbs on foreign card firms
Fuel price surge: What India can learn from Biden and Sunak’s tax policies
Source: Business Standard Relevance – The article highlights the options that government can use instead of increasing oil prices. Synopsis: Government should tax the rich to find alternate avenues to raise public resources. When the times change, the policy has to adapt Contents1 Background2 Why India should find other avenues to raise revenue resources?3 What… Continue reading Fuel price surge: What India can learn from Biden and Sunak’s tax policies
RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law
Source: TOI Synopsis: Mastercard Asia has been ordered by RBI to refrain from taking on new customers as it failed to fulfil its obligations under the local data storage rules. Also Read: Mastercard can’t issue new cards from July 22: RBI Issues involved Impact on the payments market: India’s retail payments landscape has transitioned to contactless… Continue reading RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law
Potential Economic Consequences of Pandemic
Source: Livemint Relevance: This article highlights the possible long-term economic consequences of COVID-19 for India. Introduction: A recent exercise at the National Council of Applied Economic Research shows a few possible scenarios. It reveals the permanent effects of the pandemic shock that will persist for a very long time. Possible Long-term consequences: Firstly, after the V-shaped… Continue reading Potential Economic Consequences of Pandemic
Power users may soon get to choose supplier
Source: Live Mint Relevance: Electricity amendment bill 2021 will improve energy efficiency and consumer protection. Synopsis: Electricity (Amendment) Bill, 2021 is a landmark bill to reform power distribution. The Landmark Electricity (Amendment) Bill, 2021 is expected to be introduced in the monsoon session of the parliament. Provisions of the Landmark Electricity (Amendment) Bill, 2021 Aims… Continue reading Power users may soon get to choose supplier
