Tag: gs paper 3

Synopsis: India’s start-up ecosystem is radically breaking from its past in company valuations, unicorn numbers, funding round sizes, foreign interest, and growth. Introduction The three acts of entrepreneurship from five years ago — Jio, UPI, and GST have converged to accelerate startup ecosystem. This triad of private, nonprofit, and government courage demonstrates the economic upsides… Continue reading The New Economic Scrabble

Synopsis: RBI’s recent actions against auditors highlight the need for role clarity as well as coordination among regulators Introduction Recently, the RBI had issued an order debarring a firm of chartered accountants from undertaking any type of audit assignment in any RBI regulated entity for a period of two years. This action has been taken,… Continue reading Who is my regulator?: On RBI’s recent actions against auditors

Synopsis: Possibility of phasing out coal, challenges involved and major issues with carbon removal technologies. Why phasing out of coal is necessary? Among fossil fuels, coal has the highest contribution to carbon dioxide (CO2) emissions. Almost 40% CO2 emitted from the burning of fossil fuels in 2019 came from coal-fired power plants and industry. Coal… Continue reading Carbon removal and phasing out of coal

Synopsis: New revelations underline how the Facebook company is sheltering hate speech in India. Introduction In September 2021, Frances Haugen, a former Facebook employee had submitted eight complaints to the US Securities and Exchange Commission. This is the regulatory body that exercises oversight over the capital markets and companies like Facebook Inc which are listed… Continue reading 5 Questions On Facebook

Synopsis: The Quarterly Employment Survey is based on an outdated frame and will result in incorrect estimates. Introduction Recently, the Labour Bureau, under the Ministry of Labour and Employment, released the Quarterly Employment Survey (QES) results for April-June 2021 for non-farm industries in the organised sector. However, the findings of QES met with muted scepticism… Continue reading It’s time for a new QES

Synopsis: The post-pandemic fiscal future would depend on the way government expenditure is directed. Introduction Tax collection in the current fiscal year is likely to exceed the Budget estimate by a significant margin. This would enable the government to increase growth-enhancing capital expenditure and also help reduce the fiscal deficit to some extent. What is… Continue reading India’s post-pandemic fiscal future

Synopsis: As the Covid-19 pandemic has revealed, there is an urgent need to work on health inequity to ensure that everyone has access to affordable medicine. Introduction Recently, many countries, including India, moved a proposal at World Trade Organization (WTO) for waiving the intellectual property rights on critical medicines and technologies related to the Covid-19… Continue reading Global inequality: New drugs go the way of vaccines

Synopsis: The world reacted to downturn of economy by spending in different bands. The results are not the same even in same band of stimulus owing to various reasons listed. Introduction The data on aggressive monetary and fiscal stimulus of the top emerging and developed markets and the strength of the ensuing recovery showed no… Continue reading Pandemic Stimulus Backfired

Synopsis: A US based company has taken a project to introduce a hybrid of extinct Mammoth and Elephants. Introduction A US bio-startup “Colossal” launched a project to regenerate the extinct woolly mammoth, or rather to create an elephant-mammoth hybrid with mammoth characteristics, through gene-sequencing and gene-splicing technology, CRISPR. The mammoth went extinct around 1650 BCE… Continue reading A mammoth project to help endangered species and planet