News: The RBI, in Mar 2020, issued guidelines prohibiting merchants (including all e-commerce websites, streaming platforms) and payment aggregators (such as Razorpay and Instamojo) from storing customer card information. These will come into effect from 1st Jan 2021. In September 2021, an alternative to the current system was permitted. The alternative system is called Card-on-file… Continue reading Will India Pay For RBI’s Hurry?
Tag: gs paper 3
On PSB privatisation: Avoidable delay
News: Although, the Finance Minister had announced in this year’s Budget that the government will take up the privatisation of two PSBs. Yet, it unlikely to happen this year. The Finance Minister, in a written reply to the Parliament, said that the Cabinet has not taken any decision in this regard. Moreover, the government will… Continue reading On PSB privatisation: Avoidable delay
On WTO Ruling against Indian Sugar industry – Lasting solution
News: The World Trade Organization (WTO) ruled against India’s sugar and sugarcane subsidies Though, the ruling is inconsequential for the country’s current policies concerning the Sugar industry. But it does provide an opportunity to address some of the chronic issues that often require the government to bail this industry out. Read more here: WTO panel’s… Continue reading On WTO Ruling against Indian Sugar industry – Lasting solution
Our semiconductor shortage is likely to persist for a long while
News: The semiconductor chip shortage, currently impacting the automobile industry, is likely to last longer. How the semiconductor industry evolved in the mid-80s? The semiconductor industry underwent a major change in the mid-80s as chips started getting commoditized. – To protect against price risks and secure heavy investments that go into fabs, chipmakers started asked… Continue reading Our semiconductor shortage is likely to persist for a long while
A fair playing field for ARCs to rival our new bad bank
News: ARCs should be treated equally with National Asset Reconstruction Company Ltd (NARCL). In many countries, the national bad banks, set up to help clean the balance sheets of banks, make losses. This is because they buy non-performing assets (NPAs) from banks at inflated value, and sell them at market value after efforts to revive… Continue reading A fair playing field for ARCs to rival our new bad bank
The data protection bills’ reduced emphasis on privacy
News: Joint Committee of Parliament (JCP) on the Personal Data Protection (PDP) Bill, 2019 has submitted its report in the Parliament. Also Read: The draft personal data protection bill, 2018 What are the key recommendations of the bill? Children data: It recommended children’s personal data be processed in the manner best fitted for the interest of… Continue reading The data protection bills’ reduced emphasis on privacy
Our Harmed Forces?
News: Recent tragic incidents have once again brought the public focus on the long-standing issue of the relationship between the defence services and domestic politics. The time has come to pay attention to the issue of the politicisation of defence services. What events have attracted attention towards the relationship b/w services and politics? Recent events… Continue reading Our Harmed Forces?
On Plastic pollution
Relevance: Plastic pollution News: India’s track record in managing plastic pollution compares poorly with that of many other countries. The latest global Plastic Management Index, ranks India 20th among 25 major plastic-producing nations. Contents1 What are the reasons?2 What are the negative implications?3 What are the steps taken?4 What is the way forward? What are… Continue reading On Plastic pollution
Delink the good, bad and ugly of online gaming for apt regulation
News: Recently, a parliamentarian urged the government to come up with a comprehensive framework to regulate online gaming. The need to regulate online gaming industry is clear as India is home to over 275 gaming companies, more than 15,000 game developers, and around 300 million gamers. But the issues of illegal betting and gambling should… Continue reading Delink the good, bad and ugly of online gaming for apt regulation
Gati Shakti: A much-needed fast track to development
News: Gati shakti master plan would help India to converge its infrastructure spending. Must read: PM Gati Shakti – National Infrastructure Master Plan – Explained, pointwise Contents1 What is the Gati shakti master plan?2 What are the past initiatives to boost infrastructure?3 What are the challenges faced by Infrastructure projects despite various measures?4 How Gati… Continue reading Gati Shakti: A much-needed fast track to development
