Synopsis: Cross-border transfers are going to be more faster and economical. Contents1 Introduction2 What is Model 3 expressway?3 What are the planned models for easing international money transfer using digital currencies?4 How the present system works?5 How Model 3 system shall work?6 How the Model 3 alternative may pose the biggest risk to the conventional… Continue reading How banks can lose $60 billion to cybercash highways
Tag: gs paper 3
Cybersecurity can be made agile with zero-shot AI
Synopsis: Zero shot AI model can help to develop a robust and adaptive cybersecurity defence against new attacks. What makes AI a reliable tool in cybersecurity? The ability to learn from large volumes of data and find patterns of abnormal behaviour makes AI and particularly machine learning (ML) attractive in cybersecurity. ML algorithms can be… Continue reading Cybersecurity can be made agile with zero-shot AI
Urban safety net: On urban-MGNREGA
Synopsis: Instead of going forward with the ‘urban-MGNREGA’, the government needs to focus on coming up with new ideas to alleviate the condition of the urban poor. Introduction Recent data from both the private and public sector has revealed that there is considerable distress within India’s labour force. This distress has manifested in an increase… Continue reading Urban safety net: On urban-MGNREGA
Criticism of the IBC’s recovery record is unwarranted
Synopsis: The Insolvency and Bankruptcy Code (IBC), which was promoted as a panacea to the problem of bad loans, has been attacked as being ineffective at best and counterproductive at worst. It requires a more nuanced debate. Introduction In recent months, a landmark economic reform of the last decade has come under criticism from various… Continue reading Criticism of the IBC’s recovery record is unwarranted
BRICS: 2021 vs 2013: About Taper Tantrum and Economy of BRICS nations
Synopsis: The BRICS is better equipped to handle financial turbulence. Now, the focus must be on growth. Introduction: For two years, the focus of the BRICS has largely been on the economic impact of Covid. The BRICS nations are also concerned about when the US Fed will begin to taper its asset purchases again. Read… Continue reading BRICS: 2021 vs 2013: About Taper Tantrum and Economy of BRICS nations
Cleaning the Yamuna a story of missed deadlines
Synopsis: The Yamuna, as it passes through Delhi, becomes extremely polluted. Immediate steps are needed to check this sorry state of the river. News: Recently, the draft NCR Regional Plan-2041 was prepared by the National Capital Region Planning Board (NCRPB). It has fixed 2026 as the new deadline to ensure ‘zero discharge of untreated sewage… Continue reading Cleaning the Yamuna a story of missed deadlines
Organic farming should never be turned into an article of faith
Synopsis: Policies that respect the farmer’s economic freedom offer the best route to sustainable agriculture. Contents1 Introduction2 How the ban has impacted Sri Lankan economy?3 What are the lessons from Sri Lanka’s unplanned push for organic agriculture?4 What are key takeaways for India? Introduction Recently, the Srilankan government imposed a state of emergency in Sri… Continue reading Organic farming should never be turned into an article of faith
Winners and losers in shipping crisis
Synopsis: Challenges faced by exporters due to steep rise in ocean freight rates and congestion in various ports of the world. Contents1 Introduction2 Why there’s been an increase in freight charges?3 Who has benefitted out of it?4 How increased freight rates is impacting Indian Exporters?5 What are the complaints raised by exporters?6 What are possible… Continue reading Winners and losers in shipping crisis
A step backward: On unemployment in India
Synopsis: The periodic labour force survey (PLFS) indicates that India, far from modernising and formalising its economy, seems to be moving backwards in terms of the employment available. Introduction Recent PLF survey has stated that unemployment rate has declined by a percentage point to 4.8 per cent in 2019-20. The previous number, in the first… Continue reading A step backward: On unemployment in India
There’s a major new risk in town and it’s called crypto
Synopsis: Retail investors are the ones who’ll most likely suffer in the high-yield, high-risk Crypto market. Government should come up with regulations before its too late. Introduction Crypto products are being mass marketed in India without the oversight needed for investor safety. The crypto marketing campaigns have now reached even tier-II and tier-III cities. How… Continue reading There’s a major new risk in town and it’s called crypto
