News: Even as the central government has announced its withdrawal of the three farm laws, farmer unions have persisted in their demand to make the minimum support price (MSP) a legal entitlement. But, even if it becomes a legal right, the MSP, in its current form, is unlikely to resolve the problems of Indian farmers… Continue reading MSP is no silver bullet to boost farmers’ income
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We’re on a knife’s edge between global reflation and stagflation
News: Massive stimulus packages, given during the pandemic, could lead to high inflation amid low growth, if global production capacity lags overall demand. Contents1 Why the stimulus packages were given?2 What is the consequence?3 What are the implications for India?4 What is the way forward? Why the stimulus packages were given? As the pandemic spread… Continue reading We’re on a knife’s edge between global reflation and stagflation
The Goa government’s TReDS adoption is worthy of emulation
News: Central Govt has taken various steps to improve working capital (capital to manage day-to-day expenses) situation of small businesses. RBI too had launched TReDS platform to towards this end. However, many govt procurers lie outside the coverage of TReDS. It’s in this light that an initiative by the Goa govt assumes significance, wherein it registered… Continue reading The Goa government’s TReDS adoption is worthy of emulation
Draft extended producer responsibility policy: How gaps in achieving fundamental goals can be closed
News: MoEFCC has released a draft EPR (Extended Producer Responsibility) policy for management of plastic waste in India. The Plastic Waste Management Rules, 2016 introduced the concept of EPR to manage plastics in India. It has seen inadequate progress in the last five years as the policy failed to translate into action, due to the… Continue reading Draft extended producer responsibility policy: How gaps in achieving fundamental goals can be closed
Basking in reflected glory
News: The recent appointment of Parag Agrawal, as the CEO of US-based company ‘Twitter’ started renewed debate on brain drain from India. What are the reasons for brain drain from India? It started in the late-1960s when private sector companies were few and there were few good jobs available in public sector undertakings. Unlike India,… Continue reading Basking in reflected glory
Storm surges and relief: Why India should rethink its cyclone response
News: Factors such as the cyclone’s intensity, high tides and topography results in storm surges, which are the principal cause of destruction in major cyclones. It is important that, in this period, we recognise that there is more to cyclone risk management than the total number of evacuees. However, the usual approach has certain deficiencies… Continue reading Storm surges and relief: Why India should rethink its cyclone response
Fresh air has become a luxury in Delhi
News: Supreme Court (SC) judges expressed dissatisfaction with the Delhi and central governments for not doing enough to correct the dire situation of pollution in NCR. As per the World Air Quality Report of 2020, published by IQAir, 22 out of the 30 most polluted cities in the world are in India. Delhi’s pollution, in… Continue reading Fresh air has become a luxury in Delhi
Cooperation awaits its “finding Raiffesisen” movement
News: India enacted legislation for cooperatives in 1904. All India rural credit survey committee in 1954 pointed out that the cooperatives have failed in their objective. How did the cooperative movement start? It started in Europe with pioneers like Friedrich Raiffeisen and Schulze-Delitzsch In Germany. They were based on principles of self-help, self-governance, and self-responsibility.… Continue reading Cooperation awaits its “finding Raiffesisen” movement
The brush with crypto offers some lessons for regulation
News: Technology innovation typically remains a step ahead of regulatory frameworks designed with current practices in mind. Problems occur when these innovations push the envelope beyond accepted codes of social and ethical behaviour. At present, innovations in two sectors are a cause of worry for India’s sectoral regulators: Proliferation of Cryptocurrency exchanges and unregulated digital… Continue reading The brush with crypto offers some lessons for regulation
On Blockchain: The next big tech revolution
News: Blockchain technology will be the next big tech revolution. Contents1 What is blockchain technology?2 How the blockchain technology works?3 Why the blockchain technology is so promising?4 Why blockchain and its related technologies are looked at with deep suspicion? What is blockchain technology? A blockchain is a digital ledger that allows parties to transact without… Continue reading On Blockchain: The next big tech revolution
