News: According to GDP accounting, Government consumption in the September 2021 quarter, was 17% lower than in September 2019. If the government spending had instead grown at the pace seen pre-Covid, the overall GDP would have been 4% higher than in September 2019. Contents1 Why, a shortage of funds is not the reason for this lack… Continue reading The difficulty in spending
Tag: gs paper 3
Why most countries are unable to take a firm decision on crypto
News: Regulators across the globe have come up with various definitions of cryptocurrencies. But there is no consensus, even among major economies, on how to treat decentralised virtual currencies. Considering the systemic risks that Crypto poses, countries should look to establish robust regulatory frameworks on cryptocurrency and educate investors accordingly. What are the problems that… Continue reading Why most countries are unable to take a firm decision on crypto
Risks of three Cs: CVC curtailing CBI’s scope for bank probes is excellent. But PSBs still face perverse incentives
News: The Central Vigilance Commission has amended rules to minimise the possibility of CBI taking unilateral decisions on investigations into alleged bank frauds. Also, bankers have asked GoI to have a “sunset” period for investigations, subject to conditions. What approach should Government adopt? It should revisit its entire incentive structure that influences credit disbursal in public… Continue reading Risks of three Cs: CVC curtailing CBI’s scope for bank probes is excellent. But PSBs still face perverse incentives
Pay for news: CCI’s Google probe must lead to rules on tech sharing much more revenue with news publishers
News: Competition Commission of India has ordered a probe against Google for its ‘alleged’ abuse of dominant position in news aggregation. This step of Indian government is followed by actions of Australian government. Australia has passed a law that required tech platforms like Google and Facebook to fairly pay local media outlets for showing their content in news feeds or search… Continue reading Pay for news: CCI’s Google probe must lead to rules on tech sharing much more revenue with news publishers
On Financial Resolution and Deposit Insurance (FRDI) Bill : Orderly failure options will help Indian financial firms flourish
News: Government is aiming to modify and re-introduce the Financial Resolution and Deposit Insurance (FRDI) Bill. Government is planning to modify and re-introduce the Financial Resolution and Deposit Insurance (FRDI) Bill. The bill puts in place a resolution mechanism to deal with the insolvency of firms in the financial sector. The bill was introduced earlier in 2016 but was… Continue reading On Financial Resolution and Deposit Insurance (FRDI) Bill : Orderly failure options will help Indian financial firms flourish
The baton of forest restoration in the net zero race
News: For carbon sequestration, India must revisit its policy framework and reverse the decreasing participation of local communities. After India’s pledge to set a net-zero target by 2070, at the COP26 summit, Glasgow, saving forests has become much more important. In a study by Griscom (2017), natural climate solutions that also include forests can provide… Continue reading The baton of forest restoration in the net zero race
On Track For 2070 Net Zero Target
Relevance: Clean energy transition News: India’s announcement to reach net-zero emissions by sourcing 50% of its electricity from renewable energy by 2030 is a significant moment for the global fight against climate change. Why it is imperative for India to achieve net-zero emissions? India’s economic growth has been among the highest in the world over… Continue reading On Track For 2070 Net Zero Target
What GDP data says about state of economy, its influence on budget priorities
News: Both the first advance estimate (FAE) and the Professional forecasters’ survey, published by the Reserve Bank of India, estimate the Indian economy to expand at 9.2 per cent in 2021-22. There is also an expected sharp increase in nominal GDP, which is estimated to expand by 17.6 per cent this fiscal, much faster than… Continue reading What GDP data says about state of economy, its influence on budget priorities
India climbing up the ladder of emerging tech patents, shows data
News: Domestic and global companies in emerging technologies have filed over 80,000 applications in India between 2016 and 2020. Areas ranging from Artificial Intelligence (AI), the Internet of Things (IoT), and big data to the cloud, Edge, cybersecurity, and real-time processing account for 70 percent of all technology patents. India is now ranked 8th in… Continue reading India climbing up the ladder of emerging tech patents, shows data
Worry about middle India
News: Indian has experienced a “K-shaped recovery” from the Pandemic. Here on one side there are booming stock prices and start-ups and on the other side there are difficulties in most households which are termed as middle level India. Must Read: Pointers that India is witnessing a K-shaped recovery How has been the economic recovery… Continue reading Worry about middle India
