News: Although the Omicron variant has not caused the expected damage and this is seen as a positive development in global fight against the pandemic. However, the World Bank’s biannual Global Economic Prospects report shows that the effect of the pandemic is far from over. What are the predictions in the report for global economy? … Continue reading We should expect the economic cost of the closed minds to increase
Tag: gs paper 3
For the finance Minister to note
News: World Inequality Report 2022 has pointed out that India is now among the most unequal countries in the world. Inequality today is as great as it was at the peak of western imperialism in the early 20th century. The pandemic has only worsened it. Contents1 What does the report says about the inequality… Continue reading For the finance Minister to note
Show commitment to equity in the Budget
News: Recently, Oxfam International presented “Inequality Report” with the title “Inequality Kills”. What does the report say? One, the report highlighted the growth in wealth of a few and the simultaneously increasing poverty among millions. Two, more than half the world’s new poor are from India and 84% of Indian households have suffered a loss… Continue reading Show commitment to equity in the Budget
PM’s Punjab Security Breach: Lessons For SPG
News: The Special Protection Group (SPG) has been in news recently due to security lapse in Punjab. The Supreme Court has also set up a five-member panel to probe the security breach. Contents1 What is SPG?2 How SPG is trained?3 Why Punjab security lapse needs to be probed?4 What is the way forward? What is… Continue reading PM’s Punjab Security Breach: Lessons For SPG
Flying Home – on Air India privatisation
News: Recently, the Tata group regained Air India by winning the bid of Rs 18,000 crore and acquired Air India after seven decades. Tatas will gain 100 percent ownership in Air India, Air India Express, and a 50 percent stake in the ground handling firm AI-SATS. Why Air India privatization is seen as a beneficial… Continue reading Flying Home – on Air India privatisation
Climate and food price rise: Extreme weather events triggering unprecedented food inflation
News: Unfavourable and unreliable weather hurt agriculture resulted into pushing food prices our of reach across the world. What is the situation of Indian economy? India’s wholesale inflation rate in November 2021 was the highest in three decades i.e 14.23%. Although, it reduced marginally to 13.56% the next month, but still December 2021 was the ninth… Continue reading Climate and food price rise: Extreme weather events triggering unprecedented food inflation
India needs a new social contract
Relevance: Inequality, Pandemic News: The hardship visible in the form of deaths, joblessness, hunger is not just the direct consequence of the pandemic alone, but it is the result of the prevailing inequality in India. What is the level of inequality in Indian society? While the number of dollar billionaires in India expanded by 39%… Continue reading India needs a new social contract
About India State of Forest Report 2021: Plantations, invasive species… what all India counts as ‘forest’
News: Forest Survey of India has recently released its reports which show an increase in forests by 2,261 square kilometres. But, various researchers and environmentalists do not agree with this claim. Contents1 What are the findings of the Forest Survey of India?2 What are the arguments presented by the environmentalists?3 How there are discrepancies in the… Continue reading About India State of Forest Report 2021: Plantations, invasive species… what all India counts as ‘forest’
India’s economy and the challenge of informality
News: This article says that fiscal policy efforts to formalize the economy are not enough in the case of India. There is a need for a coherent approach that focuses on the productivity of workers, efficiency, and overall economic growth. What is the fiscal perspective of formalization? One, according to international financial institutions such as… Continue reading India’s economy and the challenge of informality
Political economy of regulatory reform
News: This article discusses the status of implementation of regulatory reforms announced in the last seven budgets. Contents1 Why financial regulatory reforms are needed?2 How budget announcements have focused on reforming regulatory structure?3 What is the implementation status of the above-mentioned reforms?4 What is the way forward? Why financial regulatory reforms are needed? Financial regulatory… Continue reading Political economy of regulatory reform
