News: A radical shift in paradigm with respect to the calculation of the Consumer price index has recently been initiated in the United Kingdom, by the British journalist, cookbook author, and anti-poverty campaigner, Jack Monroe. The “Vimes Boots Index” as the name of a price index, she planned to document inflation in prices of basic… Continue reading A new measure of inflation is brewing on the horizon
Tag: gs paper 3
The Tobin funnel and post-covid stimulus withdrawal dilemmas
News: The Government has recently signaled that India will exit its extraordinary fiscal and monetary policies of pandemic times, gradually. Why there is a need to exit the pandemic-induced extraordinary policy? The pandemic has affected all the economies and made the governments spend more. The central banks also injected extra liquidity into financial systems. Such… Continue reading The Tobin funnel and post-covid stimulus withdrawal dilemmas
The reforms that farming really needs
News: Central government repealed three farm laws that it introduced in the year 2020. This has again brought the focus to the APMCs (Agricultural Produce Market Committee) where the majority of the first time sale of farmer’s produce takes place. It has been widely acknowledged that APMC markets across the country suffer from various irregularities… Continue reading The reforms that farming really needs
Amending the FRBM Act
News: The finance ministry has excused itself from providing a projection of its fiscal consolidation plan. What is the issue? In the recent budget, the Union finance ministry committed to reducing the government’s fiscal deficit from 6.9 percent of gross domestic product or GDP in 2021-22 to 6.4 percent in 2022-23. Further, the deficit is… Continue reading Amending the FRBM Act
Questions on MGNREGA budget estimation
News: The disappointing allocation for the Mahatma Gandhi National Rural Employment Guarantee Act in the FY 2022-23 budget has created a buzz. Government’s allocation for MGNREGA has been much lower than what State governments ask for and civil society actors had recommended. For instance, The initial allocations in the past two FYs have been just about… Continue reading Questions on MGNREGA budget estimation
Banks must refocus on their basic lending role
News: ABG Shipyard, a ship building and repairing company, is alleged to have committed a bank fraud. Questions are also being raised as to why it took so long to conduct an audit report and for the report to point out mala fide use of funds and legal action to be initiated. What is the… Continue reading Banks must refocus on their basic lending role
Making Green Hydrogen work
News: Recently, a new green hydrogen and green ammonia policy has been introduced that envisages building a prominent role for clean fuels in the country’s fossil fuel-dominated energy mix. What does the policy offer? The policy offers some concessions on interstate electricity transmission charges, which has the potential to halve the current costs of producing… Continue reading Making Green Hydrogen work
Manufacturing exports can gain from India’s empowerment push
News: The recent released Budget 2022-23 carries forward the government’s vision of empowering Indians and enabling economic activity. This article discusses how manufacturing can help India in empowering people and increase the growth rate. How manufacturing exports can help India’s empowerment push? First, the weakening of manufacturing in many developed nations has caused social divisions… Continue reading Manufacturing exports can gain from India’s empowerment push
Method to the Make-in-India plan: Decoding our import tariff policy
News: According to the World Trade Organization’s (WTO) Tariff Profile for 2021, India has one of the highest average tariffs of 15% in the Asia-Pacific region. This article discusses the need to align Make-in-India with trade policy. How Make-in-India plan and trade policy is evolving? First, the government wants to boost “Make in India”, reduce… Continue reading Method to the Make-in-India plan: Decoding our import tariff policy
The budget spells green-shoot for agri subsectors
News: Although the recently introduced Union Budget has had no big ticket announcements on agriculture and rural development, it tries to focus on sub-sectors that matter such as livestock, fisheries and food processing. Which sub-sectors in agriculture have seen an increase in allocation in the budget? Livestock and fisheries: These two subsectors roughly contribute about… Continue reading The budget spells green-shoot for agri subsectors
