News: The third wave of the pandemic is receding but the impact of the pandemic on the economy may last longer. However, response of the government in dealing with the pandemic-induced disruptions can change the scenario. This article discusses the need to reduce inequality and how fiscal measures can help in that. Why inequality is… Continue reading Fiscal policy must take centre-stage for a broad revival
Tag: gs paper 3
Devas: Dead But Biting
News: India needs to amend law on investment treaties to protect its foreign assets and calm global investors. Contents1 What is the Devas issue?2 What does the Supreme court verdict say?3 What will be the impact of SC’s judgment?4 Why India needs to amend its investment treaties?5 Why interference of courts is not a viable… Continue reading Devas: Dead But Biting
Digital Services Act: No online targeting
News: The European Parliament has passed the Digital Services Act (DSA), which aim towards protecting the privacy of users. What is the earlier Data Protection Rule EU had? The EU already had the General Data Protection Regulation (GDPR), which offers granular privacy protection to anybody (not only EU citizens). GDPR classified data about race, ethnicity, political opinions, religious… Continue reading Digital Services Act: No online targeting
Our broken system of environmental clearance
News Environment Ministry’s move to rank state environmental impact assessment authorities based on their speed of environmental approval can have negative consequences for the environment. What can be the negative consequences of this move? Read here. How has the EIA regime in India has evolved? Environmental Impact Assessment (EIA) started way back in 1994. Although… Continue reading Our broken system of environmental clearance
Punjab assembly election 2022-Ignoring the ground water depletion problem
News Election are around the corner and Punjab is one of the states going for the elections. However, like every other election there is lack of concern and debate on some of the urgent issues of Punjab like the Ground water depletion. What it is the magnitude of this problem? Groundwater depletion in Punjab has… Continue reading Punjab assembly election 2022-Ignoring the ground water depletion problem
Unlock India’s food processing potential
News: There is a challenge in front of all of us to feed the 10 billion population by mid-century. Hence, food production needs to be both economically viable and ecologically sustainable. How Production-Linked Incentive Scheme (PLI) scheme is helping in the growth of the food processing sector? One, India is one of the largest producers… Continue reading Unlock India’s food processing potential
A brief history of Indian budgets as economic constraints shifted
News: India will complete 75 years as an independent nation in August 2022 and the Finance minister will present the annual budget against the backdrop of this anniversary. This article analyses the budgets of the following years 1948, 1972, 1997, and explains the various reforms undertaken to overcome the constraints/challenges faced during those budgeted years.… Continue reading A brief history of Indian budgets as economic constraints shifted
Lesson from Air India sale: Do more by doing less
News: Air India’s sale is important for three reasons priorities, resources, mindset. It is a template for the Indian state to do more by doing less. Read here: Will privatization take off after the Air India sale? What are the reasons that make the Air India sale important? Priorities: Public commercial enterprises do not perform well in… Continue reading Lesson from Air India sale: Do more by doing less
The consequences of an ill-considered green strategy
News Europe’s push for renewable energy at the cost of conventional fuel may lead to some second and third order effects, which will have global ramifications. What is the issue? As it cannot depend entirely on energy generated through Sun or wind, Europe has been relying more on natural gas to make up the electricity shortfall. Europe’s sudden increased… Continue reading The consequences of an ill-considered green strategy
“Taxing Drama-on Retroactive tax disputes”
News Cairn energy, a British firm will be getting around 7,900 crore rupees from Indian government. It has won an arbitration proceeding against India regarding the retroactive tax dispute. What was this dispute? Government of India had introduced a retroactive tax in the year 2012. Accordingly, it pursued proceeding against Vodafone and Cairn energy asking them for paying these taxes retroactively. … Continue reading “Taxing Drama-on Retroactive tax disputes”
