News: Since March 2020, when the Supreme Court ruled it was legal to trade Cryptocurrencies, over Rs 50 crore in Crypto-assets is traded every day by resident Indians. On the other hand, RBI has often expressed its serious concerns regarding the dangers these instruments pose to macroeconomic and financial stability of the country. Hence, governments… Continue reading Managing Cryptocurrencies
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In our efforts to be green, we must not greenwash: On India’s net zero pledge at COP26
News: India’s net zero pledge at Glasgow, though commendable, raises several questions. Apart from serious doubts about their techno-financial feasibility, there are at least three reasons to question the commitments made by India at COP26. Must Read: India announces new climate targets at COP26 – Explained, pointwise What are the issues with India’s net zero… Continue reading In our efforts to be green, we must not greenwash: On India’s net zero pledge at COP26
Does India have a right to burn fossil fuels?
Relevance: Why India doesn’t need to depend on coal for its future development? News: In the backdrop of COP26, India’s dependence on coal has remained a much talked about issue. Fossil fuel sources like coal have contributed significantly to global carbon emissions. But, neither India’s historical nor its current emissions come anywhere near to those… Continue reading Does India have a right to burn fossil fuels?
How to buy better: India needs new mechanisms for defence purchases, for enhancing both efficiency & reputation
News: French portal Mediapart recently claimed in a new report that it has evidence of kickbacks[1] being paid by French aircraft manufacturer Dassault Aviation to help secure the sale of Rafale fighter aircraft to India. Reports have further alleged that the CBI and the ED had evidence of bribes being paid since October 2018 but… Continue reading How to buy better: India needs new mechanisms for defence purchases, for enhancing both efficiency & reputation
The case of demonetisation in India
News: Popular narratives play a much bigger role in economic policymaking than economists and policymakers acknowledge. For instance, the Weimar hyperinflation of 1921-24 is deeply embedded in the German consciousness. Even now, nearly 100 years after the event, German society trusts financial stability and distrusts public debt. Fiscal conservatism remains the dominant narrative and has… Continue reading The case of demonetisation in India
Dualism and its discontents
News: Covid has substantially sharpened economic dualism in India. Poverty rates are increasing and government needs to focus on the expansion of job opportunities in both the formal and informal segments India has been characterised by significant economic dualism and disparities over many years. Dualism indiciates co-existence of two different worlds. Economic dualism therefore denotes… Continue reading Dualism and its discontents
Money Is The Key To Happiness
News: Per capita GDP, not GDP itself, is the real measure of national progress GDP does not reflect a society’s well-being. GDP captures neither population decline nor welfare. Moreover, it doesn’t measure social indicators of wellbeing such as the health, education, and welfare of children. In this context, many alternatives have been proposed such as… Continue reading Money Is The Key To Happiness
Net-zero presents many opportunities for India — and challenges
News: At Glasgow COP26 summit, one of the key announcements made by India was a target for achieving net-zero. India committed to a 2070 net zero target. This is not just significant for the world, but also a sizeable economic opportunity for India. The challenge now is to overcome the obstacles along the way. Must… Continue reading Net-zero presents many opportunities for India — and challenges
Burning problem: Fast urbanising India can’t be cavalier on safety & have pathetic fire-fighting infrastructure
News: There is a need to adopt various mechanisms to control fire incidents. There are many loose ends in ensuring the fire safety standards. In 2019 alone, India recorded 10,915 deaths due to fire accidents. Recently, a fire broke out in a hospital in Maharashtra, which led to the loss of 11 lives. Where do… Continue reading Burning problem: Fast urbanising India can’t be cavalier on safety & have pathetic fire-fighting infrastructure
How India’s Gati Shakti Plan can have an impact beyond its borders
News: Gati Shakti Plan can generate positive spillover effects, strengthen India’s economic ties with its neighbours. Prime Minister recently launched the Gati Shakti – National Master Plan for Multi-modal Connectivity. Apart from the economic multiplier effect at the domestic level, the plan has also great significance in shaping India’s relations with other countries. What are… Continue reading How India’s Gati Shakti Plan can have an impact beyond its borders
