News: Recently, the Provisional Estimates of Annual National Income in 2021-22 was released. It showed that India’s GDP grew 8.7% in real terms and 19.5% in nominal terms (including inflation) which made India the fastest growing major economy in the world. Contents1 What are the problematic areas in the present GDP estimation?2 What are the… Continue reading India is not the fastest growing big economy
Tag: gs paper 3
What India is doing to tackle its water crisis?
Context: Although India has 16% of the world’s population, the country possesses only 4% of the world’s freshwater resources. India is water-stressed due to changing weather patterns and repeated droughts. But it looks like the country has finally got its act together and several measures are now in place to conserve and rejuvenate our water… Continue reading What India is doing to tackle its water crisis?
Explained: What is the environment index, and why has India questioned it?
News: The newly released Environmental Performance Index (EPI) 2022, measured by Yale and Columbia universities, ranks India at the bottom position among 180 countries. The Environment Ministry has issued a rebuttal, saying the indicators used in the assessment are based on “unfounded assumptions”. Contents1 What is the Environmental Performance Index (EPI)?2 How poor is the… Continue reading Explained: What is the environment index, and why has India questioned it?
CDS: Unsettled questions
News: The government has recently announced eligibility conditions for the post of Chief of Defence Staff (CDS). There is a noticeable difference between the CDS the government wanted in 2019 and what it seems to want today. It is disconcerting that the government has modified the eligibility criteria for appointment as CDS so early in… Continue reading CDS: Unsettled questions
Avoiding the coal scarcity trap
News: In 2021, the Indian government gave instructions to generators to import coal while India was in the midst of a power crisis. It directed the power stations itself to import coal to the extent of 4% of their requirement and blend it with domestic coal. What are the causes of the power crisis? India… Continue reading Avoiding the coal scarcity trap
Fintech challenge is a fantasy
News: The government is poised to launch 75 digital banks soon. What will be launched are Digital Banking Units (DBUs). These are a new way of making available digital products of existing banks and non-banking financial companies (NBFCs). If one thinks that a sleek set of new banks is going to challenge traditional banks, one… Continue reading Fintech challenge is a fantasy
Web3 is the business model of a decentralized new virtual world
News: Practical examples of Web 3.0 proved that it is like going back to early human settlements, with all transactions happening peer-to-peer with easy mutual trust and locally minted currency. Blockchains provide the decentralized foundation of trust for this new old world, and Web 3.0 is the business model driving it. Contents1 What is Web… Continue reading Web3 is the business model of a decentralized new virtual world
Moderation’s broken but this isn’t the way to fix it
News: The Ministry of Electronics and Information Technology(MEITY) has released a fresh draft of the amendment to the Information Technology(IT) Rules 2021. What are the draft new amendments to the IT Rules,2021? Read here: Union Govt seeks fresh comments on Draft IT Rules What are the issues associated with the draft amendments? 1) State oversight of moderation… Continue reading Moderation’s broken but this isn’t the way to fix it
Is the ban on wheat exports good policy?
News: Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. The government has argued that farmers have not… Continue reading Is the ban on wheat exports good policy?
Global hunger calls for a collective action
News: In a statement, the United Nations’ Secretary General, said that: Global hunger levels are at a new high. In just two years, the number of severely food insecure people has doubled from 135 million to 276 million. The present situation is pointing towards a global food shortage. It may push millions of people into… Continue reading Global hunger calls for a collective action
