News: Search and seizure operations at 60 premises of four ARCs have exposed the “unholy nexus” between the borrowers and the ARCs. The four are accused of “unfair and fraudulent trade practices in acquiring” the stressed loans. – The bad loans acquired by them were “far less” than the real value of the securities covering… Continue reading Interpretation of ARC maladies
Tag: gs paper 3
Tourism in Kashmir: Fixing Kashmir-Phase 2
News: The UT of Kashmir saw a record 1.27 lakh tourists in November, which is much higher than the previous seven-year average. It’s a ray of hope in a land of perennial crisis where people aspire for a safer and prosperous life. How to improve the Kashmir economy and its tourism potential? Boost in business: policies… Continue reading Tourism in Kashmir: Fixing Kashmir-Phase 2
Data Protection Bill: Explained: JCP prescription for data Bill
News: Joint Committee of Parliament (JCP) has tabled its report on the Data Protection Bill in both houses. What are the recommendations by JCP on Data Protection Bill? Sensitive data: JCP proposed all contracts enabling businesses to take sensitive personal data out of India’s borders will now need the approval of the central government in addition to… Continue reading Data Protection Bill: Explained: JCP prescription for data Bill
India must prepare for changes in the great Himalayan water
News: Environmental experts discuss how human actions are impacting Earth and India in Particular. How is climate change reshaping dynamics which make our weather? Greenhouse effect causes earth’s temperature to be well below the freezing point of water. The greenhouse effect is necessary for life on Earth. However, increasing the amount of greenhouse gases increases… Continue reading India must prepare for changes in the great Himalayan water
How to read the WTO panel’s sugar report against India
Relevance: WTO, Dispute Settlement Body, Sugar subsidies News: A panel set up by the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) has ruled against India’s sugar subsidies. Contents1 What was the complaint against India?2 What did the panel find?3 What was India’s argument in the WTO panel?4 Will India’s sugar industry or… Continue reading How to read the WTO panel’s sugar report against India
Wrong forum: On climate change and the UNSC
News: India, voted against the draft resolution that linked climate change with global security challenges in the UN Security Council (UNSC). What is the resolution all about? Read more: Explained: Why India, Russia blocked move to take climate change to UNSC What are the arguments related to the resolution? Favour: Climate is creating security risks… Continue reading Wrong forum: On climate change and the UNSC
The hidden threat to our fledging economic recovery
News: World Inequality Report (WIR) by World Inequality Lab has found that India has high and rising inequality. What are the important findings of the report? The top 1% of Indians account for 22% of national income, while the bottom 50% account for only 13%. For more: Read here What government official statistics say about… Continue reading The hidden threat to our fledging economic recovery
India seems likely to grow old before it can become wealthy
News: By the middle of this century, the country’s population will finally start to decline, ending up at perhaps a billion by 2100. India is ageing faster than expected. The latest round of India’s massive National Family Health Survey (NFHS) highlights the point. For instance, in urban India, the fertility rate is now 1.6, according… Continue reading India seems likely to grow old before it can become wealthy
The WTO’s challenge to MSP is another frontier to cross
News: A legal guarantee for MSP will violate international law obligations enshrined in the Agreement on Agriculture (AoA) of the World Trade Organization (WTO) What is Agreement on Agriculture (AoA) of the World Trade Organization (WTO)? Read more here: https://forumias.com/blog/wto-terminologies-aoa-blue-green-amber-box-peace-clause/ How a legal guarantee for MSP will violate WTO rules? Firstly, the price support provided… Continue reading The WTO’s challenge to MSP is another frontier to cross
Delivering climate action: The road ahead for India after CoP26
News: At CoP26, India pledged to become a ‘net zero’ carbon emitter by 2070. It announced enhanced targets for renewable energy deployment and reduction in carbon emissions. Achieving these targets will require focusing on the three important areas. 1) Increasing renewable energy capacity, 2) Decarbonising emission-intensive sectors, 3) Creating more carbon sinks. What needs to… Continue reading Delivering climate action: The road ahead for India after CoP26
