Source : Business Standard Relevance : Issues with the latest decision of RBI on deferment of the guidelines Synopsis : The deferment of RBI’s guidelines on Overdrafts and current accounts, which were laid down in August last year, has been criticized as an arbitrary regulation. The deadline for implementation of the circular has been pushed… Continue reading Avoid arbitrary regulation
Tag: gs paper 3
Fiscal action by the Centre must take over from monetary policy
Source: Livemint Relevance: Importance of fiscal policy measures to promote economic growth Synopsis: Monetary policy has done its part, both through rate cuts and other forms of support, to get our economy going. Now, it’s the turn of India’s fiscal authority to step up efforts to promote growth. Contents1 What is fiscal policy?2 Required fiscal… Continue reading Fiscal action by the Centre must take over from monetary policy
India’s godowns are overflowing. So why are people starving?
Source: Indian Express, Down to Earth Relevance: Understand the challenges of food security in times of COVID Contents1 Synopsis2 Findings of the SOFI report3 Indicators of food security4 Causes of food insecurity in India Synopsis Undernourishment has been a global challenge over the last few decades. This has been further highlighted by the state of… Continue reading India’s godowns are overflowing. So why are people starving?
How to save Banni Grasslandsfrom invasive species? Here’s what a new study suggests
Source: Down to Earth Relevance: To analyze the findings of the report by ATREE to study the impact on Banni grasslands. Contents1 Synopsis:2 Context:3 When Prosopis Juliflora was introduced in India? 4 The threat of Prosopis Juliflora:5 Adaptation by local communities: Synopsis: A study by ATREE (Ashoka Trust for Research in Ecology & Environment) & Sahjeevan… Continue reading How to save Banni Grasslandsfrom invasive species? Here’s what a new study suggests
Rewiring Indian Inc
Source: Indian Express Relevance: Changed dynamics in Indian economy after 1991 reforms Synopsis: 1991 reforms was a transformational step for the Indian economy, causing a tremendous shift in the way business was carried out in India. An analysis of the changes brought by the reforms and its impact. Changes brought by 1991 reform Centrality of… Continue reading Rewiring Indian Inc
Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained, pointwise
Contents1 Introduction2 What is retrospective taxation?3 The History behind retrospective tax law 4 Salient provisions of the Taxation Laws (Amendment) Bill, 20215 Implications of Retrospective taxation laws 6 Rulings against India’s retrospective taxation in the past:7 Significance of Curbing Retrospective taxation laws Introduction The government has recently introduced the Taxation Laws (Amendment) Bill, 2021, in Parliament. The bill seeks to… Continue reading Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained, pointwise
India’s indigenous aircraft carrier setting sail for sea trials is a historic moment
Source: Indian Express, Time of India Synopsis: The onset of sea trials of INS Vikrant marks a historic moment for the Indian Navy, which till now had aircraft carriers, but none built at home. The brand-new INS Vikrant is 75% indigenous and is the first big-ticket example of Atmanirbhar India. Background: August 4, 2021, marked… Continue reading India’s indigenous aircraft carrier setting sail for sea trials is a historic moment
Mediterranean a wildfire hotspot now : EU scientists
Source: Reuters Relevance: Impacts of human-induced climate change Synopsis: Climate change is causing intense heatwaves across the world and contributing to rising cases of wildfires, too. Background The Mediterranean has become a wildfire hotspot, with Turkey hit by its most intense blazes on record and a heatwave producing a high risk of further fires and… Continue reading Mediterranean a wildfire hotspot now : EU scientists
Climate based protectionism: Green Public Procurement can incentivise public sector to eliminate polluting tech
Source: Down to Earth Relevance: Tackling Climate Change Through Innovative Methodologies Synopsis: In June 2021, the European Parliament signed the first dedicated Climate Law. There are some problematic or protectionist provisions in the law, but it is still considered as a step in the right direction to tackle the issue of climate change. Till now… Continue reading Climate based protectionism: Green Public Procurement can incentivise public sector to eliminate polluting tech
Arbitration Awards and The Public Interest
Source: Business standard Relevance: Way forward for India in the Cairns Energy case Synopsis: Recently, a court in Paris allowed Cairn Energy to freeze assets of Government of India in Paris in a tax dispute. Similar developments are possible in the US from actions by Cairn and Devas Multimedia. Thus, an objective, analytical approach to pursuing… Continue reading Arbitration Awards and The Public Interest
