News: Recently, families of IT firm Mindtree’s co-founders Subroto Bagchi and NS Parthasarathy donated Rs 425 Crore to Indian Institute of Science. IISc. It should be noted that last year, IISc broke into the top 100 band in Times Higher Education’s Reputation Ranking of global universities. The donated amount will utilized to set up medical… Continue reading Philanthropy – Power of giving: Fund-starved sectors like science, health, education, rural development need generous HNIs
Tag: gs paper 3
Engel’s law and Pandemic’s impact on our food expenditure
News The recent budget has seen a reduction in the amount allocated for food subsidy, mid-day meals and for the Mahatma Gandhi National Rural Employment Guarantee Act. These steps may worsen the situation of the poor who have been struggling to even cope with the disruption to their food budget as shown by a recent… Continue reading Engel’s law and Pandemic’s impact on our food expenditure
The myth of the trickle-down
News: This article says trickle-down is a flawed approach and that’s why Indian policymakers must discover India’s own model of development and shed defunct economic theories. How budget 2022-23 is aligned towards a trickle-down theory? The budget has not announced any populist measure, and taxes on incomes and wealth have not increased. Also, economists believe… Continue reading The myth of the trickle-down
LIC disinvestment: Right and wrong
News: The Government of India (GoI) is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC). However, the GoI will retain control of the company. Why LIC should be privatized rather than disinvested? First, the previous experience shows outcome of disinvestment in public sector banks has not been good… Continue reading LIC disinvestment: Right and wrong
Niti versus Nyaya: When policy provisions deny people justice
News: A recently released paper titled Jailed for Doing Business by Gautam Chikermane of Observer Research Foundation and Rishi Agrawal of Teamlease Regtech has documented the jail provisions faced by Indian entrepreneurs. This article discusses the difference between Niti and Nyaya while discussing the over-regulation in Indian economy. What does the research paper reveal? There… Continue reading Niti versus Nyaya: When policy provisions deny people justice
Our stimulus should act on consumer confidence
News There has been a lot of emphasis on Infrastructure development for reviving economic growth, however the more potent tool that is consumer demand has not got much attention. How is consumer demand tracked and what are its recent statistics? Reserve Bank of India’s Survey-based index tracks consumer demand. Its latest round shows an increase… Continue reading Our stimulus should act on consumer confidence
Zooming in on the potential of India’s geospatial sector
News It has been one year since the new guidelines for the geospatial sector were introduced and there have been many positive developments due to this. The investment in the geospatial sector has increased significantly and there is a positive response from the private industry as well. What is the status of geospatial sector in… Continue reading Zooming in on the potential of India’s geospatial sector
Why Union Budget is not good in environmental terms
News: Indian government at Glasgow CoP26 has set targets like achieving Net zero carbon emissions by 2070 and Reduction of one billion carbon emissions by 2021 to 2030, etc. However, the recent budget does not have provisions that would help it achieve these. What are the issues in the present Budget wrt environment conservation? Reduced… Continue reading Why Union Budget is not good in environmental terms
For Climate smart agriculture
News: India has set a carbon neutrality target for the year 2070 at the CoP26 in Glasgow. Union Budget for 2022-23 has also listed climate action and energy transition as one of the four main priorities for the country in the coming decades. Although agriculture has been a major contributor to climate change problem,… Continue reading For Climate smart agriculture
GST has been a win-win taxation regime for the Centre and states
News: Recently, India’s chief economic advisor claimed that GST had led to a faster increase in revenues for states such as Tamil Nadu than the sales tax, which was collected earlier. How GST is a win-win taxation regime? First, definitions play a key role in comparisons. The definitional issue is important because the state’s own… Continue reading GST has been a win-win taxation regime for the Centre and states
