Tag: gs paper 3

Linking science and innovation

Context: As per Wilhelm von Humboldt, the purpose of a research university is to search for knowledge. However, it is said that such knowledge becomes more beneficial when it walks out of the university’s door in the heads of its students. About the linear model of innovation This mental model states that scientific research leads… Continue reading Linking science and innovation

India’s aversion to Chinese investments and how geopolitics impacts PLI

News: Many countries are competing for the share in investments coming out of China. India is facing heavy challenges from other countries. Countries have been trying to attract companies leaving China for various reasons. Apple has started leaving China and other companies may follow. Many South-East countries such as Vietnam, Malaysia, Indonesia and Thailand are… Continue reading India’s aversion to Chinese investments and how geopolitics impacts PLI

Cyber safety

Context:The recent ransomware attack targeting SpiceJet has put a spotlight on one of India’s biggest cyber-vulnerabilities. Why India needs to strengthen its cybersecurity architecture? Both government services and private sector businesses have moved en masse into the digital space, and their efforts have been embraced enthusiastically by India’s 780 million broadband users. This means millions… Continue reading Cyber safety

For India, economic entropy presents both an opportunity and big challenge

Context: Entropy, or the disorder in a system, is a concept not usually used to understand economic trends, but it best describes the disorder and randomness at work today. What are some negative economic trends since the start of 2022? Energy costs rising, the trade balance turns more negative, the fiscal balance deteriorating, portfolio capital… Continue reading For India, economic entropy presents both an opportunity and big challenge

Knotty supply chains deepen global chip shortage

News: Recently, Toyota Corporation has been struggling to meet its production targets. It has apologised to its suppliers and customers a third time in less than two months for delaying making new vehicles and changing production plans. Nature of Semiconductor Industry The manufacturing process is a complex, and interconnected ecosystem with its own ebb and… Continue reading Knotty supply chains deepen global chip shortage

The Indian consumer will have to spend more for a little longer

News: In April 2022, the consumer price index-based inflation for food had reached 8.4%. This implies that the gap between wholesale and retail food inflation has been narrowing, suggesting a higher pass-through of input costs. Situation of Inflation Around 40% of overall consumer spending is on food. Its purchase frequency is also higher. Thus, food… Continue reading The Indian consumer will have to spend more for a little longer

India can’t feed the world with a major chapaati crisis at home

News: India has imposed ban on wheat import amid the global food crisis. What are the reasons behind the export ban by the government? First, this year India’s wheat output is around 6.5% less than the previous year. Second, the hottest March in 122 years has stunted grain formation. Last year, a kilogram of Indian… Continue reading India can’t feed the world with a major chapaati crisis at home

Universal basic income plan faces implementation issues

News: Practical challenges in implementation have come in the way of rolling out a universal basic income scheme proposed by experts and mooted in the 2016-17 Economic Survey, an official privy to the government discussions said. Background Universal basic income has often come before on the radar of policymakers as a means of support for… Continue reading Universal basic income plan faces implementation issues

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