News: India recently sold BrahMos supersonic cruise missiles to the Philippines. Read here: the Philippines to acquire BrahMos cruise missiles for $375 million Why the Philippines is upgrading its defence capabilities? Both China and the Philippines claim islands in the South China Sea (SCS). China has militarized Woody Island and arbitrarily claimed the Nine-Dash Line (NDL).… Continue reading A policy to replicate BrahMos’ success
Tag: gs paper 3
A roadmap for India’s natural farming ambitions
News: In her budget speech, Finance Minister Nirmala Sitharaman reaffirmed the Centre’s commitment to natural, chemical-free, organic, and zero-budget farming. On the lines to develop chemical-free farming, Rashtriya Krishi Vikas Yojana, has been given a larger allocation of Rs 10,433 crore. In this context, eight suggestions are given by experts to scale up chemical-free farming.… Continue reading A roadmap for India’s natural farming ambitions
The Budget lacks the ‘power’ to transform services
Relevance: Understanding the need for energy for the improvement of the health and education sector. News: Budget 2022-23 demonstrates a clear intent to prioritise investments in clean energy and sustainable development, in line with the country’s promises made at COP26 in Glasgow last year. What does the budget proposed for the health and education sector? Health sector:… Continue reading The Budget lacks the ‘power’ to transform services
Is the time right for India to get a third aircraft carrier?
News: The idea of buying a third aircraft carrier may have to be delayed due to the current economic situation. There is a broad consensus in the strategic community on the Indian Navy having two aircraft carriers, one for each of the two seaboards. There also exists a broad consensus on acquiring the third carrier… Continue reading Is the time right for India to get a third aircraft carrier?
A new measure of inflation is brewing on the horizon
News: A radical shift in paradigm with respect to the calculation of the Consumer price index has recently been initiated in the United Kingdom, by the British journalist, cookbook author, and anti-poverty campaigner, Jack Monroe. The “Vimes Boots Index” as the name of a price index, she planned to document inflation in prices of basic… Continue reading A new measure of inflation is brewing on the horizon
The Tobin funnel and post-covid stimulus withdrawal dilemmas
News: The Government has recently signaled that India will exit its extraordinary fiscal and monetary policies of pandemic times, gradually. Contents1 Why there is a need to exit the pandemic-induced extraordinary policy?2 What are the policy challenges existing for India?3 What is Tobin Funnel model?4 How Tobin model creates policy dilemma?5 What is the way… Continue reading The Tobin funnel and post-covid stimulus withdrawal dilemmas
The reforms that farming really needs
News: Central government repealed three farm laws that it introduced in the year 2020. This has again brought the focus to the APMCs (Agricultural Produce Market Committee) where the majority of the first time sale of farmer’s produce takes place. It has been widely acknowledged that APMC markets across the country suffer from various irregularities… Continue reading The reforms that farming really needs
Amending the FRBM Act
News: The finance ministry has excused itself from providing a projection of its fiscal consolidation plan. What is the issue? In the recent budget, the Union finance ministry committed to reducing the government’s fiscal deficit from 6.9 percent of gross domestic product or GDP in 2021-22 to 6.4 percent in 2022-23. Further, the deficit is… Continue reading Amending the FRBM Act
Questions on MGNREGA budget estimation
News: The disappointing allocation for the Mahatma Gandhi National Rural Employment Guarantee Act in the FY 2022-23 budget has created a buzz. Government’s allocation for MGNREGA has been much lower than what State governments ask for and civil society actors had recommended. For instance, The initial allocations in the past two FYs have been just about… Continue reading Questions on MGNREGA budget estimation
Banks must refocus on their basic lending role
News: ABG Shipyard, a ship building and repairing company, is alleged to have committed a bank fraud. Questions are also being raised as to why it took so long to conduct an audit report and for the report to point out mala fide use of funds and legal action to be initiated. Contents1 What is… Continue reading Banks must refocus on their basic lending role
