Source: Indian Express Relevance: An ambitious goal for India’s 100th year of Independence in 2047. Synopsis: Prosperity is possible and best accomplished by the goal of making the rupee a global reserve currency by 2047. Conditions are opportune. An analysis. Contents1 Characteristics of Reserve currency2 Current situation3 Positive Global environment4 What needs to be done?5… Continue reading A rupee wish for India@100
Tag: gs paper 3
Three strategic ways to grant supply chains resilience
Source: Livemint Relevance: Building supply chain resilience Synopsis: Companies need to ensure resilience of their input supply chains to protect themselves from any turbulence during global shocks like COVID and natural calamities hitting the clusters of input suppliers. Contents1 Background2 What is a supply chain?3 Impact of supply-chain bottlenecks4 Ways to strengthen supply-chain resilience5 Government’s… Continue reading Three strategic ways to grant supply chains resilience
What India’s labour force survey actually says about employment
Sources: Livemint, The Indian Express and The Hindu Relevance: This article explains the recent PLFS survey and associated issues Contents1 Synopsis:2 Introduction3 Key findings of the Quarterly Bulletin of PLFS:4 About the significance of the recent PLFS:5 Reason for high jobs during low economic activity:6 Challenges exposed by the PLFS7 Conclusion: Synopsis: The Periodic Labour Force… Continue reading What India’s labour force survey actually says about employment
Banks withdraw funds from coal-fuelled projects in Asia
Source: Livemint Synopsis: Banks are cutting off funding for new coal-fuelled power plants in poorer Asian countries to hasten the shift toward cleaner energy sources. Recent push for green financing: Most key financiers, in Japan and South Korea as well as in China, have signaled disinterest towards overseas coal projects. For instance, China’s environment and… Continue reading Banks withdraw funds from coal-fuelled projects in Asia
Climate crisis: Way forward for dairy giants in India
Source: Down To Earth Synopsis: Activists and experts are advocating plant-based alternatives to dairy food. Significance of Dairy sector: Harvesting animals for dairy and animal-based products in India is a major source of livelihood for 150 million dairy farmers. The products are a source of nutrition and food security for a significant population as well.… Continue reading Climate crisis: Way forward for dairy giants in India
Climate emergency: Tipping points are already here, scientists warn
Source: Down to earth Synopsis: The tipping points of a Climate Emergency are already visible on Earth. The countries should acknowledge them and take urgent action towards decarbonization of the global economy and restoration of nature. Background: In 2019, more than 11,000 scientist signatories talked about the need for declaring a climate emergency. They emphasized… Continue reading Climate emergency: Tipping points are already here, scientists warn
Catching up on chip
Source: Business Standard Synopsis: India needs to secure semiconductor chips to lead the race in the emerging ICT technologies Contents1 Background2 Significance of Semiconductor Chips3 Implications for India4 Suggestions Background The global semiconductor industry has become the arena for the most bitter technology battle between the US and China. Taiwanese semiconductor players are caught squarely… Continue reading Catching up on chip
MSME liquidity line set to widen as more NBFCs start ‘factoring’
Source: Indian Express Synopsis: Factoring law amendments have been cleared in both Houses of Parliament in the current session. This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now. Background Read here: https://forumias.com/blog/how-the-factoring-business-can-help-small-companies/ Benefits to small businesses: new Points It will significantly boost funding availability for MSMEs, lower… Continue reading MSME liquidity line set to widen as more NBFCs start ‘factoring’
Our bankruptcy code deserves credit for what it has achieved
Source: Live Mint Synopsis: An examination of the IBC’s record on resolving cases of business insolvency reveals greater success than critics acknowledge Background Analysis of IBC’s performance: Added points A good insolvency system cannot be judged by the number of companies being liquidated. Because the purpose of insolvency law is to swiftly liquidate firms that… Continue reading Our bankruptcy code deserves credit for what it has achieved
A cycle of low growth, higher inflation
Source: The Hindu Synopsis: Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery Background Some economists are of the opinion that the Government should not intervene with the economy and that it will revive by itself. These economists’ reason that, like after the Great Depression, the… Continue reading A cycle of low growth, higher inflation
