News: Many sectors in India are showing improvements in labor productivity. On the other hand, employing a lesser number of laborers with no improvement in capital investment. This article shows how India is reinforcing Lewis’s argument about labor productivity. What was Arthur Lewis model of development? In 1954, Arthur Lewis presented a model to explain… Continue reading BS Number Wise: India’s labour, capital paradox
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“Just what the doctor ordered for the livestock farmers”
News According to the twentieth livestock census around 95.8% of livestock population in India is concentrated in rural areas. This makes access to veterinary services, a major challenge. To mitigate this problem, Government has introduced Mobile Veterinary Units (MVUs) under the revised provisions of Livestock Health and Disease Control (LH&DC) programme. What are MVUs? MVU are vans which are equipped with veterinarian and… Continue reading “Just what the doctor ordered for the livestock farmers”
Domestic hazardous waste: Toxic ignorance: Most Indian cities way off segregating domestic hazardous waste
News: In the absence of a robust framework and infrastructure, segregation of domestic hazardous waste remains a distant dream for most Indian cities What are the concerns associated with handling domestic hazardous waste? No proper disposal: Harmful chemicals like sanitisers, power bulbs have become the norm. And often people don’t exercise care while disposing of them.… Continue reading Domestic hazardous waste: Toxic ignorance: Most Indian cities way off segregating domestic hazardous waste
It’s time for the world to reform capitalism from within
News: Pandemic has highlighted the need to reform capitalism to make it work for everyone and to make the world a better place to live in. Why there is a need for reforms in capitalism? Though Capitalism had helped in incentivizing science to develop and produce vaccines in record time, it also disincentivized allocation and… Continue reading It’s time for the world to reform capitalism from within
Some unemployment puzzles
News: India’s unemployment problem is not reflected in its unemployment rate. Its problem lies in the low employment rate and its discouraged young female labor force. Why the unemployment rate is not India’s most important labor market indicator? The unemployment rate was 7.9 percent in December 2021. This does not mean that the remaining 92.1… Continue reading Some unemployment puzzles
Pragmatism on investment
News: Recently, India’s foreign direct investment (FDI) policy was altered through a press note. But the government is re-examining extra scrutiny on Chinese investment. What was changed in FDI policy? Investment from countries with which India shared a land border would no longer be allowed through the automatic route. They have to be cleared in… Continue reading Pragmatism on investment
Search for tax evasion
News: The tax department has conducted a record level of searches in the current fiscal year. As reported by Business Standard last week, so far, the department has found an undisclosed income of Rs 32,000 crore. While it is encouraging that the tax department is working hard to make sure that everyone pays his or… Continue reading Search for tax evasion
Account aggregators are ready to widen Indian access to credit
News: Complementing the PMJDY, India recently unveiled the account aggregator (AA) network to overcome the challenges of access to micro-credit for individuals and micro, small and medium enterprises (MSMEs) The AA network along with Pradhan Mantri Jan Dhan Yojna (PMJDY) would help India formalize credit and boost economic growth in the post-covid era. What is… Continue reading Account aggregators are ready to widen Indian access to credit
How do SDRs help maintain balance of payments?
News: In July-September 2021, India received $31.2 billion foreign exchange reserves. Out of this, $17.86 billion was by way of Special Drawing Rights (SDR) support received from the International Monetary Fund. SDRs being one of the components of foreign exchange reserves (FER) of a country, an increase in its holdings is reflected in the BOP.… Continue reading How do SDRs help maintain balance of payments?
The Cryptocurrency deception
News: Cryptocurrencies are neither a currency, nor an asset. They are a fraud which needs extensive scrutiny by the government agencies. Why Cryptocurrencies are not a currency? For any instrument to classify as a currency, it must have the following features: – One, it is a promissory note wherein the issuer is promising the bearer… Continue reading The Cryptocurrency deception
