News: Economy is affected by two types of shocks exogenous and endogenous. Exogenous shocks are those that come from outside the system, like the COVID-19 pandemic. Endogenous are those which come from within the system, like the 2008 North Atlantic financial crisis. What are the economic lessons that one can draw from the pandemic? The… Continue reading What the pandemic has taught us about the economics
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Farm reform: the Achilles’ heel of any Indian government
News: The withdrawal of the farm laws has pushed back reforms that could have helped in commercializing this sector. The farm reforms did not introduce anything that was not happening in the pockets of the country already. Yet, reforms have been rejected for vested interests. Reversal of these reforms will hamper the growth of the… Continue reading Farm reform: the Achilles’ heel of any Indian government
Transforming lives-The job creation potential of livestock transition
News: Around the world farmers are transitioning from livestock operations to plant-based operations. Why are farmers all over the world transitioning from livestock to plant based production? Demand for plant-based products is growing. Farmer specific issues-Animal farming usually has exploitative contracts, with poor working conditions, low income, high vulnerability to market forces and extreme stress. … Continue reading Transforming lives-The job creation potential of livestock transition
Panel to explore withdrawal of AFSPA in Nagaland is a step in the right direction. Centre must build on it
News: Recently, the Centre’s decided to constitute a panel to consider withdrawal of the Armed Forces Special Powers Act (AFSPA) from Nagaland. The panel will be headed by the Additional Secretary (Northeast) from the Ministry of Home Affairs (MHA). The AFSPA panel has to submit a report in 45 days. Earlier, the Nagaland Assembly passed… Continue reading Panel to explore withdrawal of AFSPA in Nagaland is a step in the right direction. Centre must build on it
The cold truth about India’s income inequality
News: Recent the World Inequality Report has shown that India has very high levels of inequality. It also shows that the gap between the people at the top and bottom of income scale is higher in India than the USA, UK, China. Read the detailed findings of the report here. What are the… Continue reading The cold truth about India’s income inequality
Our expanding gig economy must treat workers fairly
News: 50 women partners of Urban Company’s (UC) salon and spa vertical are protesting against policy changes that will come into effect from January 2022. These, they claim, will affect their ability to earn and are therefore unfair labour practices. UC, India’s largest home-services provider, has filed a lawsuit in Gurugram’s district court against the… Continue reading Our expanding gig economy must treat workers fairly
It’s not too late for India to gain a global edge with high-end chips
News: The opportunity in high-end semiconductor chip manufacturing is huge, but India must create an entire ecosystem that can deliver innovative products. Must Read: Semiconductor chip manufacturing in India – Explained, pointwise Moreover, India also needs to be wary of cheaper chip alternatives from Taiwan and China, especially considering the Chinese plans of controlling most… Continue reading It’s not too late for India to gain a global edge with high-end chips
The gaps in the plan to tackle plastic waste
News: Recently, the Environment Ministry published draft regulations on Extended Producer Responsibility. It is set to come into effect by the end of this year. What is Extended Producer Responsibility? EPR requires the manufacturer of a product, or the party that introduces the product into the community, to take responsibility for its life cycle. It… Continue reading The gaps in the plan to tackle plastic waste
Agriculture needs a booster dose
News: The cure for the farm sector’s ills lies primarily in making agriculture remunerative. Why are farmers discontented and uneasy? Income from crop farming has become insufficient for the livelihood of an average farm family: The “Situation Assessment of Agricultural Households” survey, carried out by the National Sample Survey Organisation in 2018-19, clearly indicates that… Continue reading Agriculture needs a booster dose
Goodbye shadow banking
News: Recently RBI passed a string of new norms to strengthen the regulations for NBFC sector Contents1 What is a shadow bank?2 What is the significance of NBFCs?3 Why there is a need to strengthen the regulations for NBFC sector?4 What are the new rules for NBFCs?5 What is scale-based regulation?6 How the PCA framework… Continue reading Goodbye shadow banking
