News: There has not been a full recovery from the aftershocks of the COVID-19 pandemic. Economic prospects have worsened. There is divergence between the economic recoveries of advanced economies and those of the developing ones. Contents1 What are the macroeconomic forces behind inadequate recovery?2 Inflation concerns3 Capital outflows4 What are the impacts? What are the… Continue reading The shadows over global growth recovery are long
Tag: gs paper 3
Indigenise smart: Heavy investment in R&D is needed to take Indian defence production to next level
News: To promote indigenisation, defence ministry has given the initial approval to projects worth Rs 76,390 crore. All the proposed capital acquisition will be under the ‘Buy and Make Indian’ mechanism. What are the projects approved? Construction of eight next-generation corvettes for the navy, Procurement of wheeled armoured fighting vehicles, and The manufacture of Dornier… Continue reading Indigenise smart: Heavy investment in R&D is needed to take Indian defence production to next level
The inflation spectrometer
News: Inflation is a macroeconomic phenomenon which is under pressure at global and local level. Contents1 Major driving factors behind inflation2 Globally3 Local drivers of inflation:4 What are the issues in fiscal and monetary policy measures? Major driving factors behind inflation Inflation is caused by a number of factors which may includ supply, demand, local… Continue reading The inflation spectrometer
Open network for e-commerce: It’s an idea whose time has come
Context: The Open Network for Digital Commerce (ONDC) was launched in few cities recently on a pilot basis. It has the potential to usher in a disruptive change. India’s potential in digital economy India has the world’s highest fintech adoption rate of 87%, as compared with the global average of 64%. E-commerce market in India… Continue reading Open network for e-commerce: It’s an idea whose time has come
How to keep inflation under control
News: Recently, the GDP growth of India has been pegged at 8.7% for the fiscal year 2021-22. It seems the economy is largely out of the shadow of Covid-19. But both GDP growth and inflation are likely to be in the range of 6.5 to 7.5 per cent in 2022-23 if bold and innovative steps… Continue reading How to keep inflation under control
Modinomics and the long distance to the finish line
News: Recently, the National Statistical Office (NSO) announced that the fourth quarter GDP growth rate of the FY 2021-22 stands at 4.1% compared to fourth quarter figures for the previous year, 2020-21. What are the important considerations in terms of the Indian Economy? Some Indian economists believe that the Indian economy has been consistently declining… Continue reading Modinomics and the long distance to the finish line
Say no to cookies from strangers
Context: How did the web cookie become the bone of contention in the battle for privacy? What is a web cookie? A cookie is a little piece of text stored on one’s web browser. It can identify what sites one has visited, to which sites one goes too often, or even, under some circumstances, the… Continue reading Say no to cookies from strangers
External vulnerabilities: Time for a rupee review
News: India’s exports in May were up 15.5% on last year’s figure. On this upbeat momentum, India could see another year of robust exports, beating the $418 billion record set in 2021-22. High oil prices are also a major reason for a rise in exports this year, since petroleum products made up a big share… Continue reading External vulnerabilities: Time for a rupee review
‘Plants adapt by their fragrances — these enrich the environment and our lives
Context: Plants express their needs through the release of aromatic chemicals. They emit fragrances for both attraction and protection. What is the significance of various fragrances emitted by the plants? For protection, a certain fragrance is released when a leaf is crushed or when someone walks on grass. This is sharp and green, called ‘green… Continue reading ‘Plants adapt by their fragrances — these enrich the environment and our lives
Veiled threats to privacy
Context: Cert-In recently issued a new directive making it mandatory for VPN service providers to keep user data for at least five years and share records with authorities when required. This new regulation threatens free speech and privacy. Contents1 What is a VPN?2 What are the different use cases of VPNs?3 How does a VPN… Continue reading Veiled threats to privacy
