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. Background At present, the Union government has adopted the approach of micromanagement of industrial policy and to develop activities that… Continue reading Govt must not micromanage
Tag: gs paper 3
Floods in Europe and lessons for India – Explained, Pointwise
Introduction Climate change and global warming will continue to cause extreme climatic events. Across the world, countries are being confronted with situations of either too little or too much water and droughts interspersed with floods. Rainfall has become unpredictable. The recent floods in Europe are a wake-up call for us to adopt the Dutch mantra,… Continue reading Floods in Europe and lessons for India – Explained, Pointwise
Richer, and poorer: Inequality will continue to scar the economy long after Covid leaves us
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
The Housing Boost
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
How to Exit Farming Risk Trap
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
Oxygen for fiscal federalism
Source: The Hindu Relevance: This article focuses upon the aspects of Fiscal federalism in India. Synopsis: A special GST rate could be levied by using the power under Article 279A. This would enable the States to raise more resources during the pandemic. Background: India has a federation with a strong centralizing policy. Nonetheless, India maintained… Continue reading Oxygen for fiscal federalism
Stimulus ‘inadequate’, 25% of MSME loans may default: Panel
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
Let’s make room for the river
Source: The Hindu Relevance: Mitigation of flood is an important topic in Disaster Management Synopsis: The recent floods in Europe are a wake-up call for us to adopt the Dutch mantra, ‘live with water, build with nature’. About the flood in Europe: Recently, a month’s rain poured in just 24 hours in Germany and Belgium. This… Continue reading Let’s make room for the river
Climate change has raised tricky questions over policy responses
Source: Livemint Relevance: Mitigation of climate change and its effect is an important topic in the Environment. Synopsis: The G20 environment ministers can speak of ambitious goals. But to succeed in mitigation measures towards Climate change, the world has to take some drastic steps. About the G20 environment ministers meet: In the recent G20 environment ministers… Continue reading Climate change has raised tricky questions over policy responses
How the factoring business can help small companies
Source: Livemint Relevance: Factoring will be one of the measures to revive MSMEs. Synopsis: Recently, the Lok Sabha cleared the Factoring Regulation (Amendment) Bill that aims to support this sector. Introduction: Micro, small and medium enterprises (MSMEs) persistently face payment delays from large clients. This hurdle will be tackled by factoring businesses. What is factoring business? When… Continue reading How the factoring business can help small companies
