News: Data from various employment surveys indicates that India’s growth model is in trouble. On what basis it is said that India’s growth model is in trouble? Labour participation has dropped: The recent data from the Centre for Monitoring Indian Economy (CMIE), suggests that, the labour participation rate has slipped for consecutive months. As per… Continue reading India’s labour market distress
Tag: gs paper 3
NFTs are overhyped, but useful for a creative economy
News: The hype around NFTs may be a gold rush, but it has made an important idea mainstream: Creators need to take back control from Big Tech. Are NFTs a speculative bubble? Couple of factors due to which some experts believe to be speculative bubbles: – Relation of NFTs to Cryptocurrencies, which are in itself… Continue reading NFTs are overhyped, but useful for a creative economy
How to regulate crypto, minus a crypto-specific law
News: Bringing a new legislation for Crypto regulation may not be necessary in India until Cryptocurrency transactions reach a widespread adoption. Till then, a more prudent approach would be to extend our current regulatory frameworks, along with the associated enforcement apparatus, to regulate cryptos as yet another class of assets. What are the challenges the… Continue reading How to regulate crypto, minus a crypto-specific law
Nagaland killings should prompt a broad rethink
News: The army operation resulted in the tragic death of 14 civilians in Nagaland. Contents1 What can be the impact of the killings? 2 What is AFSPA? Why controversies surrounding it?3 Why there is a stalemate despite the Framework Agreement (FA)?4 What is the way forward? What can be the impact of the killings? It can stall… Continue reading Nagaland killings should prompt a broad rethink
Why the Reserve Bank wants to have its own digital currency
News: The Indian government and the RBI are getting ready to launch a central bank digital currency (CBDC). This is indicated by the scheduled introduction of the Cryptocurrency and Official Digital Currency Bill, 2021, in the winter session of the Parliament. Further, the government has also received a proposal from the RBI in Oct 2021… Continue reading Why the Reserve Bank wants to have its own digital currency
Fighting together: Only the political leadership can clear the way for joint theatre commands
News: The new navy chief, Admiral R Hari Kumar, recently said that the US military took 50 years to achieve its joint command structure. Although he clarified that he wasn’t implying that it would take a similar amount of time to establish India’s joint theatre commands, his stress was on highlighting the complexities involved. What… Continue reading Fighting together: Only the political leadership can clear the way for joint theatre commands
The farm laws fiasco offers 7 lessons on how to reform in a democracy
News: The enactment of farm laws, sustained farmer protests against them over the year and the eventual repeal has many takeaways for the future policymakers. Seven such policy lessons are discussed. Together they form a toolkit for the future reformer. What are key policy lessons from the farm law fiasco? Lesson 1: Push for simultaneous… Continue reading The farm laws fiasco offers 7 lessons on how to reform in a democracy
Proposal to create bad bank for farm loans raises several issues that need careful deliberation
News: Recently, at a meeting of the Indian Banks’ Association, the idea of floating an asset reconstruction company (ARC) to improve the recovery from bad loans in the agricultural sector was discussed. As per the RBI’s Financial Stability Report, bad loans for the agricultural sector stood at 9.8% at the end of March 2021. In… Continue reading Proposal to create bad bank for farm loans raises several issues that need careful deliberation
MSP is no silver bullet to boost farmers’ income
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
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
