Tag: gs paper 3

Source: The Hindu and Business Standard Relevance: The DICGC Bill provide big relief to small depositors Contents1 Synopsis: 2 About the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 20213 What is DICGC and how it will function?4 What is Deposit Insurance Fund (DIF)?5 Significance of the changes:6 Challenges: Synopsis:  The Union Cabinet has cleared the Deposit… Continue reading Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium

Source: Business Standard Relevance: The article highlights lacunas in present government policies for industrial development. Synopsis: The Centre should focus on a broad policy framework rather than micromanaging the industrial and developmental activities of States. Contents1 Background2 What is Micromanagement?3 The PLI reflects a micromanagement approach to policy4 Areas where government should involve itself:5 Union… Continue reading Govt must not micromanage

Source: Times of India Relevance: Covid pandemic has increased the already huge inequality in the world. Steps to tackle this should be initiated. Synopsis: There is a high possibility that the post-Covid world would be a more unequal world. Introduction Mass deaths reduced the labor force, and post-pandemic labor scarcity resulted in increased pay. Inequality… Continue reading Richer, and poorer: Inequality will continue to scar the economy long after Covid leaves us

Source: Indian Express Synopsis: The Model Tenancy Act can benefit homeowners and tenants. Introduction: India is set to double its urban population between 2018 and 2030. By 2028, New Delhi would become the most populous city on the planet. Thus, large-scale migration to urban centers in India is bound to create pressure on housing markets. As… Continue reading The Housing Boost

Source: Indian Express Relevance: The article highlights issues in Indian agriculture Synopsis: Reforms in agriculture are needed to extract ourselves out of the risk-laden currents of agriculture. State’s interference in agriculture: Indian agriculture was saved from nationalization due to opposition of Swatantra Party in Parliament against Jawaharlal Nehru’s farm collectivization efforts in the 1950s. However,… Continue reading How to Exit Farming Risk Trap

Source: Indian Express Relevance: A legislative group assessed the stimulus package for MSMEs by the Central government. Synopsis: Concerned about the dire state of small businesses, the committee advised that the government announce a “bigger economic package aimed at increasing demand, investment, exports, and job creation to help the economy, particularly MSMEs.” Introduction  The stimulus… Continue reading Stimulus ‘inadequate’, 25% of MSME loans may default: Panel