Synopsis: Proposals of RBI’s consultative document will reduce the availability of cheap loans to the rural poor. Background In June 2021, the Reserve Bank of India (RBI) published a “Consultative Document on Regulation of Microfinance”. The paper was to promote the financial inclusion of the poor and competition among lenders. However, if the recommendations of… Continue reading RBI microfinance proposals that are anti-poor
Tag: gs paper 3
Taproots to help restore India’s fading green cover
Synopsis: Forest restoration activities and why they are important. Various challenges associated with forest restoration and solutions to deal with it. Contents1 Introduction 2 What is restoration? 3 What are the key challenges associated with the forest restoration? 4 What are the solutions for protection and development of forests? Introduction Forest covers nearly 30% land surface of the earth. They provide… Continue reading Taproots to help restore India’s fading green cover
Cities are taking climate action
Synopsis: Efforts taken by states to deal with climate change, hurdles in transforming states in to a sustainable urban state and how we can find a solution to deal with the twin challenge of climate change and inclusive development. Introduction Recently, Maharashtra’s Environment Minister announced that 43 cities across the State will join the UN-backed ‘Race… Continue reading Cities are taking climate action
India should never fall into the trap of premature celebration
Synopsis: India must focus on doing things right before getting too enthusiastic over the country’s economic ascent. Introduction There is talk of the BSE Sensex at 200,000. In 2019, a year that India’s gross domestic product (GDP) growth fell, there was talk of achieving a $10 trillion nominal GDP by 2030. Such talk has begun… Continue reading India should never fall into the trap of premature celebration
Recurring pain: On RBI’s decision on auto-debit transactions
Synopsis: RBI must re-examine its auto-debit restrictions Contents1 Introduction2 What are the issues and challenges associated with the RBI’s move?3 What are the other alternatives available?4 What is the way forward? Introduction Recently, the Reserve Bank of India’s (RBI’s) new rules controlling recurring payments on credit or debit cards came into force. The new rules… Continue reading Recurring pain: On RBI’s decision on auto-debit transactions
The future of vertical farming is brighter than once thought
Synopsis: The concept of vertical farming can fix several problems faced by conventional farms. Contents1 Introduction2 What is Vertical farming?3 How vertical farming can be beneficial in future?4 What are some issues associated with vertical farming? Introduction AeroFarms is going to be the first vertical-farming startup to be listed on the Nasdaq in the next… Continue reading The future of vertical farming is brighter than once thought
Employment increases in rural India
Synopsis: In all the major labour market metrics, it is rural India that shows big improvements. Labour conditions improved in urban India also but not as much as they did in rural India. Introduction Labour participation in Rural India increased 0.20 percentage points in last month as compared to a much smaller 0.02 percentage points… Continue reading Employment increases in rural India
How loopholes in Aadhaar-enabled payments are putting poor people at risk of being swindled
Synopsis: Given the need for financial inclusion, resolving the issue in the AePS model is vital. Contents1 Introduction2 What is the Aadhaar enabled Payment System (AePS)?3 What are the issues associated with AePS?4 How these issues can be eliminated from AePS? Introduction The government of India launched Aadhaar enabled Payment System which is coupled with… Continue reading How loopholes in Aadhaar-enabled payments are putting poor people at risk of being swindled
What the continued distress in informal labour market says
Synopsis: Status of informal sector in India, distress faced by them mainly during the Covid-19 pandemic and various impacts of the sustained divergence between the formal and the informal labour force. Introduction Recently released economic data suggests that the Indian economy has emerged from the second wave of the pandemic better than expected. Two broad… Continue reading What the continued distress in informal labour market says
COVID-19: How bio-medical waste poses challenges to urban solid waste management system
Synopsis: COVID-19 virus has increased the urban solid waste which is very infectious and risky. Some suggestions to deal with the situation. Contents1 Introduction 2 Why it is important to prioritise a separate collection of waste? 3 What steps have been taken to improve the urban solid waste management system (USWM)? 4 How COVID-19 has affected the waste sector? … Continue reading COVID-19: How bio-medical waste poses challenges to urban solid waste management system
