News: This year, Uber lost a significant legal battle against its workers in the UK. The U. K’s Supreme Court upheld a previous ruling by the employment tribunal that the 25 drivers who had brought a case against Uber are indeed employees and not contractors. Consequently, Uber announced that it would start treating all its… Continue reading The tug of war within the gig economy
Tag: gs paper 3
Why Farmers Won, People Lost
News: Lesson that can be learnt from the farm laws episode for navigating reforms in the future. Economic reforms produce winners and losers. In the case of farm laws, losers were the relatively large farmers with a marketable surplus, who feared losing the protection of the minimum support price (MSP). On the other side, potential… Continue reading Why Farmers Won, People Lost
The stepping stones in the post-pandemic world
News: India must leverage international partnerships for ensuring a robust and sustained economic growth path. Why International partnerships are important ? Firstly, the COVID-19 pandemic has affected growth, trade and investments, and employment, among others. In this context, international cooperation is critical to combat the current & future challenges related to growth. Secondly, strengthening global… Continue reading The stepping stones in the post-pandemic world
The good and not so good of new bank ownership norms
News: RBI’s internal working group, set up in June 2020, had made 33 recommendations on the ownership and corporate structure of private sector banks. The RBI has accepted 21 of them, with minor modifications in some cases. The rest, are under examination. What are the key recommendations made by the RBI’s IWG? Entry of corporate… Continue reading The good and not so good of new bank ownership norms
The question of US monetary policy
News: Headline inflation in the US has reached 6.8%, the highest value in 40 years. In this context, if the US Federal Reserve resort to monetary tightening policy (Fed Tapering) to control inflation, it will have important consequences for the world economy. What are the implications of Fed tapering? Flight of capital from the emerging… Continue reading The question of US monetary policy
The curious case of India’s rising forex reserves and falling rupee
News: Further expansion of RBI’s balance sheet without normalizing credit offtake (demand for credit) will only raise economic risks. Contents1 How RBI manages its balance sheet?2 How excess liquidity created during the quantitative easing phase is being managed?3 What is the current anomaly?4 What are the implications due to flight of capital? How RBI manages… Continue reading The curious case of India’s rising forex reserves and falling rupee
Challenges associated with China’s economy: Dragon Stumbling, World Ok
.News: At present, China’s economy is growing significantly slower than other emerging markets for the first time in three decades. But the present rapid slowdown in China does not impact the world economy like it used to be. This is against the popular saying that as China goes, so goes the global economy. China accounted… Continue reading Challenges associated with China’s economy: Dragon Stumbling, World Ok
How the pandemic has worsened inequality in India
News: Inequality in India is rising. Covid has exacerbated the issue. What are the latest findings? The latest edition of the World Inequality Report shows that the top 10% earn 57% of national income, and within that top 1% earns 22% while the bottom 50% earn only 13% of the income. This deeply impacts social… Continue reading How the pandemic has worsened inequality in India
Poverty and Hunger stalk Indias countryside
Introduction– Although Macroeconomic Indicators are showing an improvement but rural India shows a different reality. Pandemic has only heightened the problems faced by people of hinterland. What are the issues facing rural India as an effect of pandemic and what are their implications? 1) Declining rural wages: Real wages in Rural areas are declining along with rising input prices of fertilizer and diesel. Workers are struggling… Continue reading Poverty and Hunger stalk Indias countryside
“The Parliament attack was 20 years ago, are we more prepared today?”
News– 20 years of 2001 Attack on parliament, an analysis of how much we have improved. What has been the scene in Internal security landscape since the 2001 attack on parliament Despite the innovations and improvements in intelligence infrastructure there have been several terrorist attack on India since the 2001 attack like 2008 Mumbai attacks, Uri, Pathankot attack, 2019 pulwana strike, Chinese… Continue reading “The Parliament attack was 20 years ago, are we more prepared today?”
