News: Recently, Indian financial markets witnessed two crucial reforms. One was release of a dedicated regulatory framework for special situation funds (SSFs) by SEBI and, the other was approval of a new dual-structure for bad-bank (called NARCL-IDRCL) by RBI. Contents1 Why have such new reforms been undertaken?2 Concept of Special Situation Fund (SSF)3 What more steps… Continue reading Why special situation funds are necessary
Tag: gs paper 3
GoI tracks the money trail: How PFMS will pull plug on spending slippages
Context: By midnight of March 31, the Controller General of Accounts will assess the spending in FY22 with help of the public money-tracking system known as the Public Financial Management System (PFMS). Contents1 Background of PFMS2 What does the Public Finance Management System (PFMS) do?3 What is the significance of Public Finance Management System?4 Some… Continue reading GoI tracks the money trail: How PFMS will pull plug on spending slippages
LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
News: Russia’s invasion of Ukraine has caused market uncertainty. This has prompted the government to rethink the launch of the Initial Public Offering (IPO) of Life Insurance Corp (LIC). Why is this IPO important for the government? The regulator’s approval of the IPO is valid only till mid-May. Any delay will upset the Centre’s fiscal… Continue reading LESSONS IN OUR HICCUPS OVER SELLING AN LIC STAKE
Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
News: Last week, the Union cabinet approved the creation of a National Land Monetisation Corporation Mandate Read more – About National Land Monetisation Corporation It will work to monetise the surplus land holdings of Central Public Sector Enterprises (CPSEs) and other government agencies. It will have a detailed and comprehensive inventory of the state’s land… Continue reading Monetising surplus land held by state is a good idea, it needs to be done with transparency, sensitivity to public interest
Will a services exports-driven economic growth strategy work for India?
Context: India’s service exports have lagged the outbound shipment of manufactured items, though the gap between the two was narrowing immediately before Covid-19 struck. Why should India adopt a service exports-led growth strategy for India instead of China’s model of manufacturing exports-led growth? According to the data provided by the World Trade Organization (WTO), India’s share… Continue reading Will a services exports-driven economic growth strategy work for India?
Ukraine invasion, global wheat supply and India’s opportunity
News: the Russia-Ukraine war continues to be at the centre of the world debate and recently, the Ukrainian President Volodymyr Zelenskyy has denied insisting on NATO membership which was one of the reasons for Russian invasion of Ukraine. What are the negative effects of the Russia-Ukraine Conflict? The energy, gas prices are surging and wheat prices are skyrocketing.… Continue reading Ukraine invasion, global wheat supply and India’s opportunity
Mobile internet user growth slowed down drastically in 2021, shows data
News: On March 8, the RBI launched a renewed payments service for feature phones. The service called UPI123Pay was a successor to BHIM USSD 2.0 service, which allows feature phones to make payments using interactive voice response (IVR), app functionality, missed calls, and proximity sound-based payments. Why has the RBI launched the payment service for… Continue reading Mobile internet user growth slowed down drastically in 2021, shows data
Shock-proofing the economy: Quality jobs the best possible safety net
Context: India’s policy must be aligned with the present realities to make its economy shock proof to any external development. India has gone through a number of crises in the Indian economy since 1962. For Example like India fought three wars, suffered droughts, first oil shock, double-digit inflation, which peaked at 26 per cent, imposition… Continue reading Shock-proofing the economy: Quality jobs the best possible safety net
Shutdown this misguided energy policy
News: On March 3, a fire broke out near the Zaporizhzhia nuclear plant in Ukraine during the course of a military battle that could have triggered a major nuclear disaster. Trends of Nuclear Accident in the Past On March 11, 2011, the Fukushima Daiichi nuclear plant suffered severe accidents after an earthquake and a tsunami… Continue reading Shutdown this misguided energy policy
Unshackling the creative sector
News: A report commissioned by YouTube (YT), provide a glimpse of the “creator economy” in India. Scope of YouTube Channels in India YouTube platform hosts around 40,000 Indian channels with over 1 lakh subscribers and the number of channels earning revenues in excess of Rs 1 lakh jumped by 60 per cent year-on-year in June… Continue reading Unshackling the creative sector
