Tag: gs paper 3

News: Reliable and timely public data have a direct bearing on the state’s capability to effectively design and implement programmes. The coverage and reporting of Census data have vastly improved since independence. Among the emerging economies, India is credited to have a relatively robust public data system generated through its decennial Census and yearly sample surveys… Continue reading Reliable data, good policy

News: The newly-created National Asset Reconstruction Company (NARCL), first in the public sector, offers hopes for the faster clean up of lenders’ balance sheets. NARCL is not a bank, but a specialised financial institution to help resolve the distressed assets of banks. Over the last 5 years, considerable progress has been made in resolving and… Continue reading Tackling the problem of bad loans

News: The centrality of land to people’s lives is key to understanding the reasons behind the year-long, rigid opposition to the three farm laws by the farmers. The ongoing land acquisition issue between the Archaeological Society of India (ASI) and over 10 agricultural families in Dholaivra is a case point that explains the significance of… Continue reading Failure at the tri-junction of land, income and identity

News: The government’s fiscal policy is pro-rich and anti-poor. It is depriving the exchequer of some of the resources it needs to handle issues such as climate change. Why it is said that the government’s taxation policy is anti-poor and pro-rich? Pro-rich policies: Replacing the wealth tax with an income tax for households that earned… Continue reading Why India’s pro-rich, anti-poor taxation policies must change

News: Human’s exploitation has led to forced evolutionary changes in other species. There is a need to minimise this risk. How human’s exploitation has led to forced evolutionary changes in other species? Loss of useful traits: In Mozambique, Past hunting pressure has led to an increase of naturally tuskless elephants. According to researchers, decades of… Continue reading Forced evolution

News: Researcher from Columbia University outlines the economic costs of human exposure to air pollution. What are the impacts of air pollution on human well-being? It includes both health outcomes and non-health outcomes Impact on health outcomes: PM 2.5 can affect the respiratory and cardiovascular systems. Children, when exposed to air pollution during sensitive periods… Continue reading Air pollution impacts productivity. Mitigations generate economic gains

News: Finance Minister announced that the Centre will release over ₹95,000 crores in one stroke to States this month. The decision came after meeting with Chief Ministers and State Finance Ministers to discuss the state of the economy and to sustain the recovery from the COVID-19 pandemic. Why was it required? The central policy fixes… Continue reading A stimulating alliance

News: Digital money in the form of cryptocurrencies is gaining widespread popularity, esp with countries like El Salvador adopting Bitcoin as a legal tender. The debate around Cryptocurrencies frequently refer to their speculative nature as a cause of concern. But, what happens if, over time, cryptos evolve from speculative assets to become viable mediums of… Continue reading The monetary, fiscal challenges of cryptocurrency

News: Despite the demonstrated benefits of micro irrigation in the sustainability of Indian agriculture, the industry that provides the resources for it is currently struggling to survive. What are the benefits of micro irrigation system? – water savings in comparison with flood irrigation. – decrease in electricity consumption. – the adoption of micro irrigation results… Continue reading An SOS call from the Indian micro-irrigation industry

News: For a swift economic recovery of India, the central bank would need to guide the economy towards normalcy. In terms of monetary policy management, the central bank has started the unwinding process. In the context of financial sector oversight, RBI Governor Shaktikanta Das touched upon several interdependent issues in his remarks at an event… Continue reading Strengthening financial sector