News: 26th Nov, 2021 was celebrated in Anand, Gujarat as the 100th birth anniversary of Verghese Kurien, the leader of India’s ‘white revolution’. The white revolution resulted in increased incomes and the wealth of millions of cattle-owning small farmers in India, many of them women. The Amul model, of a socio-economic enterprise, also has an… Continue reading A white touch to a refreshed green revolution
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How reforms are building momentum for ‘India’s century’
News: The repeal of the three farm laws is seen through different lenses. Some see it as a sign of stepping back from progressive laws, while others see it as something in the interest of farmers. Despite taking back some progressive steps, to reform certain sectors like agriculture, due to lack of political consensus, many… Continue reading How reforms are building momentum for ‘India’s century’
4G, 5G or 6G, all need wireless backhaul
News: The recent Parliamentary Committee report titled, “India’s Preparedness for 5G” states that while 59 countries had deployed 5G, India had not done so. In this regard, the Parliamentary Committee has highlighted the issues/challenges that are hampering India’s transition towards 5G technology. What are the issues/challenges highlighted by the Parliamentary Committee? – Inadequate spectrum, with… Continue reading 4G, 5G or 6G, all need wireless backhaul
A cautionary tale for banking in Reliance Capital’s collapse
News: Recently, the RBI said that it had superseded the board of a financier controlled by Anil Ambani, appointed an administrator, and would soon be sending the firm to the bankruptcy tribunal. The Reliance Capital saga shows why RBI remains reluctant to allow big business groups into the banking sector, as recommended by its internal… Continue reading A cautionary tale for banking in Reliance Capital’s collapse
Law for national security: Vital point on rights is sidestepped in the way SC’s Pegasus case is framed
News: A month back, Supreme Court had appointed an independent expert technical committee to examine allegations that the government used an Israeli spyware, Pegasus, to snoop on its own citizens. This decision of SC received near-universal acclaim, reaffirming its institutional credibility. But, the constitutional court could have done more in terms of the outcome of… Continue reading Law for national security: Vital point on rights is sidestepped in the way SC’s Pegasus case is framed
On Union government accounts – Growth spending
News: Union government accounts for Q2 of 2021-22 were released. What does the report say? It showed that the government has a comparatively better fiscal position due to better revenue collection. Total revenue receipts were over 70% of the budget estimate. –Higher nominal growth, will also expand the economy and help contain the fiscal deficit… Continue reading On Union government accounts – Growth spending
Rumblings of the coming central bank digital currency
News: A senior RBI official has said that the pilot launch of a new central bank currency could happen as early as the first quarter of next financial year. A lot of the ongoing debate on an Indian CBDC is focused on what RBI should do, and far less attention is paid to the equally… Continue reading Rumblings of the coming central bank digital currency
On legalising MSP: Supporting farmers
News: Farmers are now protesting for a legally guaranteed minimum support price (MSP) In terms of policy intervention, it is well accepted that incomes in the farm sector have fallen behind, compared to other sectors of the economy, and farmers need to be fairly compensated. But a legal price guarantee is not the solution. There… Continue reading On legalising MSP: Supporting farmers
India’s informal economy has not shrunk
News: SBI Research study claimed that there is greater formalisation of the economy According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. According… Continue reading India’s informal economy has not shrunk
India’s electric vehicle push will lead to brighter, greener future
News: Decarbonisation of global economy, including India’s, entails decarbonisation of the transport sector. Moreover, it is in line with the India’s climate change commitments, will help boost manufacturing sector and also help ensure energy security. India supports the global “EV30@30” campaign, which aims for at least 30% of new vehicle sales to be electric by… Continue reading India’s electric vehicle push will lead to brighter, greener future
