News: The ongoing Russia-Ukraine crisis has given an impetus to the question of de-dollarisation of the global forex framework. Efforts are already underway for the possible introduction of a new Russia-China payment system, bypassing SWIFT and combining the Russian SPFS (System for Transfer of Financial Messages) with the Chinese CIPS (Cross-Border Interbank Payment System). Contents1… Continue reading Why ‘de-dollarisation’ is imminent?
Tag: gs paper 3
Electric vehicles can’t go too far in reducing our use of fossil fuel
News: The Russia’s invasion of Ukraine has resulted in fuelling the price of crude oil. It has triggered renewed calls for the use of electric vehicles (EVs) to lower the human dependence on fossil fuels which pollute the environment. Concept of Electric Vehicles The Electric vehicles don’t run on fossil fuels like petrol, diesel or… Continue reading Electric vehicles can’t go too far in reducing our use of fossil fuel
Let an open market for vaccines fulfill demand
News: India’s state-run covid vaccination drive was primarily aimed at pandemic mitigation for public health. Outcomes/Impressive coverage of the India’s Vaccine Program A vast proportion of our adult population has got one or more shots, for example More than 1.8 billion doses have been administered so far. The Children aged 15 years and above were… Continue reading Let an open market for vaccines fulfill demand
Why special situation funds are necessary
News: Recently, Indian financial markets witnessed two crucial reforms. One was release of a dedicated regulatory framework for special situation funds (SSFs) by SEBI and, the other was approval of a new dual-structure for bad-bank (called NARCL-IDRCL) by RBI. Contents1 Why have such new reforms been undertaken?2 Concept of Special Situation Fund (SSF)3 What more steps… Continue reading Why special situation funds are necessary
GoI tracks the money trail: How PFMS will pull plug on spending slippages
Context: By midnight of March 31, the Controller General of Accounts will assess the spending in FY22 with help of the public money-tracking system known as the Public Financial Management System (PFMS). Contents1 Background of PFMS2 What does the Public Finance Management System (PFMS) do?3 What is the significance of Public Finance Management System?4 Some… Continue reading GoI tracks the money trail: How PFMS will pull plug on spending slippages
LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
News: Russia’s invasion of Ukraine has caused market uncertainty. This has prompted the government to rethink the launch of the Initial Public Offering (IPO) of Life Insurance Corp (LIC). Why is this IPO important for the government? The regulator’s approval of the IPO is valid only till mid-May. Any delay will upset the Centre’s fiscal… Continue reading LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
News: Last week, the Union cabinet approved the creation of a National Land Monetisation Corporation Mandate Read more – About National Land Monetisation Corporation It will work to monetise the surplus land holdings of Central Public Sector Enterprises (CPSEs) and other government agencies. It will have a detailed and comprehensive inventory of the state’s land… Continue reading Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
Will a services exports-driven economic growth strategy work for India?
Context: India’s service exports have lagged the outbound shipment of manufactured items, though the gap between the two was narrowing immediately before Covid-19 struck. Why should India adopt a service exports-led growth strategy for India instead of China’s model of manufacturing exports-led growth? According to the data provided by the World Trade Organization (WTO), India’s share… Continue reading Will a services exports-driven economic growth strategy work for India?
Ukraine invasion, global wheat supply and India’s opportunity
News: the Russia-Ukraine war continues to be at the centre of the world debate and recently, the Ukrainian President Volodymyr Zelenskyy has denied insisting on NATO membership which was one of the reasons for Russian invasion of Ukraine. What are the negative effects of the Russia-Ukraine Conflict? The energy, gas prices are surging and wheat prices are skyrocketing.… Continue reading Ukraine invasion, global wheat supply and India’s opportunity
Mobile internet user growth slowed down drastically in 2021, shows data
News: On March 8, the RBI launched a renewed payments service for feature phones. The service called UPI123Pay was a successor to BHIM USSD 2.0 service, which allows feature phones to make payments using interactive voice response (IVR), app functionality, missed calls, and proximity sound-based payments. Why has the RBI launched the payment service for… Continue reading Mobile internet user growth slowed down drastically in 2021, shows data
