Synopsis: Systemic policy reforms are required to unlock creativity and innovation in the economic system, raise the total factor productivity (TFP) and to achieve higher growth. Introduction The crisis caused by the pandemic in the country and at global level has led to a debate about new approaches to manage the economy and the future… Continue reading The economic reforms — looking back to look ahead
Tag: gs paper 3
The e-Rupi could take us a long way towards financial inclusion
Synopsis: The payment-voucher system’s (e-RUPI) features make it ideal for programmes aimed at bridging the digital divide in India. How has India progressed wrt digital payment ecosystem? India has emerged as a leader in digital payments, with a manifold increase in such transactions in recent times. There are not many countries that allow digital transactions… Continue reading The e-Rupi could take us a long way towards financial inclusion
India’s digital architecture: From infrastructure to superstructure
Synopsis: To support our ecosystem for financial inclusion, we need to factor in the enablers and account aggregation. Introduction India’s asset monetization initiative, the National Monetisation Pipeline has garnered attention but other two recent initiatives which are far more substantive did not get their fair share of it. One was the Factoring Bill amendments and… Continue reading India’s digital architecture: From infrastructure to superstructure
Protect Digital India: About the challenges associated with banning VPNs
Synopsis: Understand the issues associated with banning VPNs. Introduction The Parliamentary Standing Committee on Home Affairs discovered that VPNs (Virtual Private Networks) might conceivably allow anonymous activity online. So, the committee recommended that the Ministry of Home Affairs collaborate with the Ministry of Electronics and Information Technology to develop a coordination mechanism to block VPNs.… Continue reading Protect Digital India: About the challenges associated with banning VPNs
Drone’s Economic Impact Will Match Internet’s
Synopsis: The recently released new drone rules 2021 are centered around light-touch governance. The resultant progressive ecosystem will lead to opportunities in multiple sectors of the economy. Background Read here: Drone Rules 2021 – Explained Must Read: How new drone guidelines can give wings to drone startups? Where will drones work? Once drones take off in full force, opportunities… Continue reading Drone’s Economic Impact Will Match Internet’s
The long and the short of the NMP
Synopsis: Pertinent questions, in the light of the recently announced NMP, have been raised in the article. Questions are related to the impact of NMP on ordinary citizens, whether NMP was the only option before the govt, and whether public sector enterprises are actually inefficient. Background Read here: National Monetisation Pipeline (NMP) project – Explained… Continue reading The long and the short of the NMP
Hidden costs of renewable power in compulsory purchases of RE for discoms
Synopsis: As India is pushing towards its renewable energy target, it also needs to look at the way the new capacity is being added and the existing power purchase mechanisms. Introduction India’s renewable power programme, with tariff bids for solar power hitting new lows every few months, is coming up at the cost of thermal power. The idea… Continue reading Hidden costs of renewable power in compulsory purchases of RE for discoms
Carbon neutrality powered by AI
Synopsis: Countries like India, which are leading the adoption of climate change measures, will have to encourage energy companies to embrace higher levels of AI usage. Introduction As the world pushes to mitigate the impact of climate change, it will have to rely much on emerging technologies. The foundational shift of energy transition from fossil-based… Continue reading Carbon neutrality powered by AI
Millets could help India mitigate malnutrition and climate change
Synopsis: India should incentivize the production of millets to enhance food security and score gains on climate resilience. Introduction In 2021, the United Nations General Assembly adopted a resolution declaring 2023 the International Year of Millets. It was proposed by India to the Food and Agriculture Organization (FAO). How are millets significant for India? Environmental… Continue reading Millets could help India mitigate malnutrition and climate change
Public sector banks and corporate governance
Synopsis: Issues that are hampering the performance of PSBs, consequences and the way forward. What are the issues affecting the performance of PSBs? Delay in appointments of CEO’s and MD’s of PSSBs: In the recent past, after the MD and CEO of Bank of Baroda stepped down, his successor took charge after 100 days. Whereas,… Continue reading Public sector banks and corporate governance
