For 7PM Editorial Archives click HERE → Introduction The issue of Moonlighting has witnessed an intense debate in the recent times. Wipro became the first major IT firm to sack over 300 employees for ‘moonlighting’ and took a very tough stance against staff who worked a second job outside their normal work hours. On the other hand, some… Continue reading Moonlighting: Meaning, Benefits and Challenges – Explained, pointwise
Tag: Indian Economy
Nobel Prize in Economics 2022 – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The Nobel Prize in Economics 2022 has been awarded to American Economists Ben Bernanke, Douglas W. Diamond and Philip H. Dybvig. They have been awarded the Nobel for their research on banks and financial crises. Their works laid the groundwork for most of the research undertaken in the field of… Continue reading Nobel Prize in Economics 2022 – Explained, pointwise
Oil Production in India – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction India’s domestic crude oil production has been on a consistent decline. In FY2021-22, it slipped to 28.4 million metric tonnes (MMT). This is the lowest domestic oil production in over two decades. India is the third-largest consumer of oil in the world. Low domestic oil production forces India to meet… Continue reading Oil Production in India – Explained, pointwise
Services Sector in India – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The services sector is the most dominant sector of Indian economy in terms of the GDP. It has also attracted significant foreign investment, and is major contributor to India’s exports. It also provides employment to ~30% of India’s workforce. Services sector in India covers a wide variety of activities such… Continue reading Services Sector in India – Explained, pointwise
[Yojana September Summary] Ushering Investments (in J&K) – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The Government had changed the status of Jammu and Kashmir 3 years ago. The region was reorganised into Union Territory of Jammu and Kashmir and Union Territory of Ladakh. The long-term strategy of the Government is transform the region and enable its economy to reach its full potential. The Government… Continue reading [Yojana September Summary] Ushering Investments (in J&K) – Explained, pointwise
Logistics Sector in India and National Logistics Policy – Explained, pointwise
For 7PM Editorial Archives click HERE → Introduction The World Bank Logistics Performance Index 2018 (latest available) had ranked India 44th out of 160 nations. China and Vietnam did better than India with 26th and 39th ranks respectively. India’s Logistics Sector performed poorly on Customs (efficiency of clearing process/speed, simplicity etc.) and Infrastructure sub-indices of the Index. Poor… Continue reading Logistics Sector in India and National Logistics Policy – Explained, pointwise
[Answered] A number of countries, including India, are now considering the use of other currencies to avoid the U.S. dollar. In the light of the statement, how far do you think, Rupee-Rouble trade will be beneficial for Indian Economy.
Introduction: Contextual introduction. Body: Write some factors why Rupee-Rouble trade will be beneficial for Indian Economy. Also write some challenges. Conclusion: Write a way forward. The Rupee-Rouble trade arrangement is an alternate payment mechanism that can allow Indian exporters to be paid in Indian rupees for their exports to Russia instead of standard international currencies such as dollars… Continue reading [Answered] A number of countries, including India, are now considering the use of other currencies to avoid the U.S. dollar. In the light of the statement, how far do you think, Rupee-Rouble trade will be beneficial for Indian Economy.
Regarding the budget: 4 Choices, No Free Lunch
News: The government has followed a capital expenditure strategy in the recent budget, but there are certain questions associated with the government’s strategy. What is the dilemma the government is facing? On the one hand, the economy still needs fiscal support to drive growth and employment. On the other hand, the global backdrop has become… Continue reading Regarding the budget: 4 Choices, No Free Lunch
A cautionary tale for banking in Reliance Capital’s collapse
News: Recently, the RBI said that it had superseded the board of a financier controlled by Anil Ambani, appointed an administrator, and would soon be sending the firm to the bankruptcy tribunal. The Reliance Capital saga shows why RBI remains reluctant to allow big business groups into the banking sector, as recommended by its internal… Continue reading A cautionary tale for banking in Reliance Capital’s collapse
Our broken growth model is in acute need of some repair work
Source: Live Mint Relevance: Battling the slowdown in Indian economy Synopsis: Solving India’s chicken-and-egg problem of income and investment will take government action. Background India was expected to grow in double digits in 2021-22. However, most double-digit economic growth forecasts for the current financial year have been cut to single digits. For instance, the International… Continue reading Our broken growth model is in acute need of some repair work
