Source: The post is based on the article “Independent boards for all agencies” published in “Business Standard” on 30th June 2023. Syllabus: GS 3 – Indian Economy: Inclusive growth and issues arising from it. News: In a recent speech, the governor of the Reserve Bank of India (RBI) highlighted the significance of independent board members… Continue reading Independent boards for all agencies
Tag: Indian Economy
Central bank credibility is key to achieving a Goldilocks economy
Source: The post is based on the article “Central bank credibility is key to achieving a Goldilocks economy” published in “Mint” on 29th June 2023. Syllabus: GS 3 – Indian Economy News: To uphold its credibility, the Reserve Bank of India (RBI) should strive to achieve its 4 percent inflation target while accurately estimating India’s real… Continue reading Central bank credibility is key to achieving a Goldilocks economy
Volatility in Tomato, Onion and Potato (TOP) prices and its implications for India – Explained, pointwise
For 7 PM Editorial Archives click HERE → Introduction Addressing price volatility in the Tomato, Onion, and Potato (TOP) commodities has become a pressing issue in India. These essential food items experience significant price fluctuations throughout the year due to factors like climate change, monsoons, pest attacks, and supply-demand dynamics. This instability not only has a substantial impact… Continue reading Volatility in Tomato, Onion and Potato (TOP) prices and its implications for India – Explained, pointwise
Bad Billions’ BFF: Socialism
Source: The post is based on the article “Bad Billions’ BFF: Socialism” published in “Times of India” on 28th June 2023. Syllabus: GS 3 – Indian Economy: Inclusive growth and issues arising from it. News: An analysis on billionaire wealth across developed and developing countries reveals that socialist policies can backfire by concentrating rather than… Continue reading Bad Billions’ BFF: Socialism
Reforming Multilateral Development Banks, advocating for the Global South
Source– The post is based on the article “Reforming Multilateral Development Banks, advocating for the Global South” published in “Indian expres” on 27th June 2023. Syllabus: GS3- Economy Relevance: Multilateral Development Banks and the need to reform them News – President Joe Biden and PM Modi underscored the need to strengthen and reform the multilateral… Continue reading Reforming Multilateral Development Banks, advocating for the Global South
World’s largest grain storage plan: benefits and challenges – Explained, pointwise
For 7 PM Editorial Archives click HERE → Introduction India has embarked on an ambitious journey to establish the world’s largest grain storage plan, aiming to transform the nation’s agricultural economy. While the initiative presents numerous benefits, such as reducing post-harvest losses, enhancing farmers’ income, and strengthening food security, it is not devoid of challenges. Issues like ensuring… Continue reading World’s largest grain storage plan: benefits and challenges – Explained, pointwise
Why inflation and WPI is down, but not (all) prices
Source: The post is based on the article “Why inflation and WPI is down, but not (all) prices” published in The Indian Express on 23nd June 2023. Syllabus: GS 3 – Indian Economy – Growth & Development Relevance: About the trend of inflation News: The headline retail inflation rate reached a 25-month low in May and the… Continue reading Why inflation and WPI is down, but not (all) prices
PLI schemes are in need of a coherent trade policy
Source: The post is based on an article “Our PLI schemes are in need of a coherent trade policy” published in “Mint” on 23rd June 2023. Syllabus: GS 3 – Changes in industrial policy and their effects on industrial growth. Relevance: About the need of a trade policy to support PLI schemes. News: The debate… Continue reading PLI schemes are in need of a coherent trade policy
[Yojana June 2023 Summary] Direct Benefit Transfer (DBT) in India: A global role model – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction Direct Benefit Transfer (DBT) in India has emerged as a pioneering model in ensuring the efficient and effective transfer of government welfare benefits. By leveraging technology and India’s unique identity infrastructure, DBT directly channels funds to beneficiaries’ accounts, minimizing leakages and corruption. It represents a successful amalgamation of public policy… Continue reading [Yojana June 2023 Summary] Direct Benefit Transfer (DBT) in India: A global role model – Explained, pointwise
An analysis of PLI (production-linked incentive) scheme – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The Production-Linked Incentive (PLI) scheme, a government initiative aimed at promoting domestic manufacturing and attracting investments, brings forth diverse perspectives. This includes criticism from renowned economist Raghuram Rajan. Rajan has raised concerns regarding the potential risks associated with overreliance on fiscal subsidies and has emphasized the need for a comprehensive… Continue reading An analysis of PLI (production-linked incentive) scheme – Explained, pointwise
