News: The Goods and Service Tax (GST) is going to complete its five years in a few months. Therefore, it has triggered a debate for big structural change in the system. GST was expected to reduce complications in the indirect tax system, contain tax evasion, and boost revenue and economic growth over time. However, it… Continue reading Addressing uncertainty – Necessary changes in GST must be made in time
Tag: gs paper 3
Why society gains when start-ups fail
Context: Start-up culture should be promoted in India. It is economically beneficial without any harm. Status of start-ups investment in India in 2021 India attracted $77 billion worth of private equity investment in 2021. Out of this around $42 billion was gone to early-stage ventures. Why do we need to have start-ups? Most start-ups are… Continue reading Why society gains when start-ups fail
Water Management needs a Hydro Social Approach
News: The fact that freshwater resources are under stress is very widely acknowledged, and also that the principal driving force behind this situation are human activities in their various forms. According to the IPCC estimates the gap between demand for and supply of fresh water may reach up to 40% by 2030 if present practices… Continue reading Water Management needs a Hydro Social Approach
An alternative export strategy
News: In a recent interview Raghuram Rajan, the former governor of the Reserve Bank of India, has suggested that India should focus primarily on exports of information technology-enabled services (ITeS) along with professional services such as consultancy, legal, medicine, accounting, etc. Contents1 What are the problems associated with making service export as the mainstay of… Continue reading An alternative export strategy
Managing the rupee
News: Due to Russian Invasion of Ukraine, US imposed a ban on energy imports from Russia and its other allies could do the same. Their corporations in the energy sector are moving out of Russia. It could permanently reshape the dynamics of energy sector. Energy prices might stay elevated in the foreseeable future even if… Continue reading Managing the rupee
Global stagflation risk
IMF had already reduced the global growth outlook due to the Omicron variant to 4.4%, now after the Ukraine crisis situation has become much worse. How Russian invasion of Ukraine is affecting the global economic scenario? Read – Sanctions and their Effectiveness – Explained, pointwise Sanctions on Russia have led to a drastic fall of… Continue reading Global stagflation risk
The burden of Govt Equity in PSUs
News: From the analysis of PSU investments by different governments in the last two decades, the result shows that their share in total government expenditure increased rapidly since 2014. What has been the disinvestment and Privatisation trajectory in the last decade? Although the government in the time period ranging from 2009-2014 dropped the total equity… Continue reading The burden of Govt Equity in PSUs
THE MACROECONOMIC FRAMEWORK THAT CAN GUIDE OUR POLICY CHOICES
News: Indian policymakers have been gradually rolling back the Covid-19 pandemic stimulus, given since 2020. The ongoing Ukraine Crisis-2022 will have multiple economic implications for policymakers now. Contents1 Upcoming Challenges to due to Ukrainian Crisis2 What should be the policy Reponses?3 Following are the 4 macroeconomic spaces that are depicted in the diagram above:4 Combined… Continue reading THE MACROECONOMIC FRAMEWORK THAT CAN GUIDE OUR POLICY CHOICES
Navigating economic uncertainties caused by Ukraine war
Context: The ongoing conflict between Ukraine and Russia is going to have a significant impact on emerging market economies, including India. The main concern largely comes from the impact of higher crude oil prices which has hit crude $139/bbl. Contents1 Present Macroeconomic situation of Emerging Countries including India2 Triffin Paradox3 Challenges in Domestic Solution4 Way… Continue reading Navigating economic uncertainties caused by Ukraine war
Risks of imported energy gets real
News: India imports 36 per cent of its total energy needs and biomass still accounts for a fourth of India’s energy supply. The current spike in energy prices due to sanctions on Russia have the potential to derail India’s post-Covid recovery. This crisis should strengthen policymakers’ resolve to focus on self-sufficiency in energy over… Continue reading Risks of imported energy gets real
