News: A senior RBI official has said that the pilot launch of a new central bank currency could happen as early as the first quarter of next financial year. A lot of the ongoing debate on an Indian CBDC is focused on what RBI should do, and far less attention is paid to the equally… Continue reading Rumblings of the coming central bank digital currency
Tag: gs paper 3
On legalising MSP: Supporting farmers
News: Farmers are now protesting for a legally guaranteed minimum support price (MSP) In terms of policy intervention, it is well accepted that incomes in the farm sector have fallen behind, compared to other sectors of the economy, and farmers need to be fairly compensated. But a legal price guarantee is not the solution. There… Continue reading On legalising MSP: Supporting farmers
India’s informal economy has not shrunk
News: SBI Research study claimed that there is greater formalisation of the economy According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. According… Continue reading India’s informal economy has not shrunk
India’s electric vehicle push will lead to brighter, greener future
News: Decarbonisation of global economy, including India’s, entails decarbonisation of the transport sector. Moreover, it is in line with the India’s climate change commitments, will help boost manufacturing sector and also help ensure energy security. India supports the global “EV30@30” campaign, which aims for at least 30% of new vehicle sales to be electric by… Continue reading India’s electric vehicle push will lead to brighter, greener future
A launch window for India as a space start-up hub
News: The boom of private sector participation in space technology. How has the space sector evolved? Space race 1.0– The great space race of the 20th century started with the Soviet Union’s launch of Sputnik in 1957. -It reflected the Cold War agenda in the space field and a test of their ideologies. Space race… Continue reading A launch window for India as a space start-up hub
Not pie in the sky: Satellite-based technology can transform connectivity. GoI needs to enable it
News: The Department of Telecommunications (DoT) has reprimanded Elon Musk’s Starlink Internet Services for pre-selling and booking the satellite-based internet services without having obtained the necessary licences in the country. After which the company applied for the license. This showcases the challenges that the government of India faces while balancing the advancement of technology along… Continue reading Not pie in the sky: Satellite-based technology can transform connectivity. GoI needs to enable it
The three farm laws were never a solution
News: On November 29, the Farm Laws Repeal Bill was passed in the Lok Sabha without discussion One of the significant issues with the farm laws was that the centre tried to regulate agricultural markets. However, it must be noted that, While the Centre has the capacity to make landmark changes, true reform and action… Continue reading The three farm laws were never a solution
Boosting green hydrogen
News: Prime Minister recently announced that India would aim for net-zero carbon emissions by 2070. At present, nearly 75% of India’s energy needs are met by coal and oil. Thus, to reduce dependence on coal and oil, the synergy between renewable energy and green hydrogen must be tapped. What is the global scenario with regard… Continue reading Boosting green hydrogen
Crypto-assets: To ban or not to ban?
News: The government has listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 for the upcoming winter session of Parliament. Read more: New cryptocurrency bill seeks to ban private players Contents1 About the Banning of Cryptocurrencies and introducing National Digital Currency2 How do other countries view cryptocurrencies?3 Why does India need to regulate cryptocurrency?4… Continue reading Crypto-assets: To ban or not to ban?
How to increase farm incomes & growth post repeal
News: Government has decided to repeal the three farm laws. The laws had the potential of transforming agriculture and farmers’ income. But now, agricultural growth will be a challenge. What are the challenges facing agriculture and its growth? India has reported the fastest agriculture growth of 4.4% in the 1980s when the green revolution was… Continue reading How to increase farm incomes & growth post repeal
