News: For the first time in a decade, the members of the World Trade Organization (WTO) have finalized a historic deal at the 12th Ministerial Conference(MC12). The key issues include a reduction in fishery subsidies, patent waivers for making a vaccine for the pandemic, food security and e-commerce. Read more: Outcomes of 12th Ministerial Conference of… Continue reading World Trade Organisation Must Get Back To Trade
Tag: gs paper 3
On regulating Cryptocurrencies: Bubble in the air
News: Crash in the Crypto market is yet another signal that retail investors are better off investing in this speculative asset class. Moreover, it also highlights the need for regulation of Cryptocurrencies, without which the retail investors will have no protection from scams. Crash in the Crypto market Bitcoin, the most popular cryptocurrency, has lost… Continue reading On regulating Cryptocurrencies: Bubble in the air
The next level – 5G will open up opportunities for businesses
News: Recently, Cabinet has approved the much-awaited airwave auction for ultra-fast mobile internet networks. With this, India is set to join the league of 5G-enabled nations. Contents1 What is 5G technology?2 What are the benefits of 5G technology?3 What is a Spectrum Auction?4 About the 5G auctions5 What are the things that should be considered… Continue reading The next level – 5G will open up opportunities for businesses
Oil prices are not the real policy challenge for countries like ours
News: The US Federal Reserve has raised its federal funds rate by another 75 basis points to tame inflation. The Reserve Bank of India (RBI) has also raised its policy rate, including an inter-meeting rate hike. Contents1 Inflation Forecasts2 What are the reasons for inflation forecast revision?3 What is the appropriateness of an inflation-targeting regime?4… Continue reading Oil prices are not the real policy challenge for countries like ours
Trained but unemployed
News: In a recent interview, the Minister of State for Skill Development and Entrepreneurship said the government was spending ₹ 5,000 crore on skill development initiatives. Further, the government seeks to recruit one million people in 18 months Contents1 Background2 2nd Iteration3 3rd Iteration4 Overall Achievements5 Way Forward Background The government announced the Pradhan Mantri… Continue reading Trained but unemployed
On Centre’s plan to recruit 10 lakh personnel in 18 months: Waiting for jobs
News: The Centre’s decision to recruit personnel to fill vacancies is a nod to the festering unemployment issue Moreover, for a nation that has had a significant demographic dividend finding productive employment for its youth was to be an imperative for India. What is the situation wrt unemployment in India over the years? In the… Continue reading On Centre’s plan to recruit 10 lakh personnel in 18 months: Waiting for jobs
The reasons behind the crashing crypto market
News: Bitcoin and many other cryptocurrencies have been crashing since they hit an all-time high late last year. Bitcoin has lost more than two-thirds of its value since it hit a peak of around $69,000 in November last year. Ethereum, another cryptocurrency popular among investors, has lost almost 80% from its peak. As a result,… Continue reading The reasons behind the crashing crypto market
Regional imbalance – Focus on equitable growth
News: One of the biggest challenges for policymakers is to enable the post-pandemic economy to attain higher sustainable growth in the medium term. The task of attaining higher sustainable growth has become more challenging because of global headwinds and India’s own weaknesses such as higher public debt. What are the positive situations of the Indian… Continue reading Regional imbalance – Focus on equitable growth
Let’s pin down the elusive ‘E’ of ESG transition finance
News: Weather events are frequently impacting lives. India has given national commitment to net zero carbon emissions. Therefore, India should focus on Sustainable climate funding initiatives that broadly comprise the ‘E’ of ESG transition finance. Possible Interventions for transition towards sustainable development in India In General The 3 ‘R’: recycle, re-use and reduce are crucial… Continue reading Let’s pin down the elusive ‘E’ of ESG transition finance
The jobs push
News: The Centre recently announced plans to recruit 10 lakh people in ministries and departments over the next one-and-a-half years. This might not be enough considering the scale of the unemployment problem that India is facing. Private sector’s contribution will be needed. Contents1 The underlying structure of India’s economy2 What is the key challenge?3 Issues… Continue reading The jobs push
