Source: This post on middle income trap is based on the article “There is no easy escape from the middle-income trap” published in “Live mint” on 26th October 2023. UPSC Syllabus Topic: GS3 – Indian Economy News: The article discusses the challenges of countries trying to move from middle-income to developed status. The World Bank’s… Continue reading There is no easy escape from the middle-income trap
Tag: Indian Economy
On FRBM Act – Either repeal or revise the country’s fiscal law
Source: The post is based on the article “Either repeal or revise the country’s fiscal law” published in “Live mint” on 25th October 2023. UPSC Syllabus: GS3: Economy- Fiscal policy News: The article discusses India’s fiscal position and its deviation from the Fiscal Responsibility and Budget Management (FRBM) Act’s 3% deficit cap. Despite exceeding this… Continue reading On FRBM Act – Either repeal or revise the country’s fiscal law
On Migration from India – Movers Are Shakers
Source: The post on the topic migration from India is based on the article “Movers Are Shakers- OECD data shows Indians continue to be world champion economic migrants. Good for West and good for us” published in “The Times of India” on 25th October 2023. UPSC Syllabus: GS3- Economy- migration News: This article discusses the… Continue reading On Migration from India – Movers Are Shakers
A Damocles sword hangs above laptop importers
Source: The post is based on the article “A Damocles sword hangs above laptop importers” published in “Live mint” on 23rd October 2023. Syllabus: GS3- Economy- Effects of liberalisation on the economy News: The Indian government has changed its policy on importing laptops, mainly from China. Instead of licenses, an “import management system” will quickly… Continue reading A Damocles sword hangs above laptop importers
Mind The Gap, It’s Quickly Narrowing
Source: This post has been created based on the article “Mind The Gap, It’s Quickly Narrowing” published in The Times of India on 21st October 2023. UPSC Syllabus Topic: GS Paper 3 Indian Economy Times of India— Indian Economy and issues relating to employment. News: This article discusses the trends in of female labour force participation and… Continue reading Mind The Gap, It’s Quickly Narrowing
The evolving process of RE
Source: The post is based on the article “’The evolving process of RE” published in Business standard on 21st October 2023. Syllabus: GS3- Economy- infrastructure (Energy) News: The article discusses the growing interest in renewable energy due to fossil fuel supply concerns. Solar power is becoming cheaper, making it more popular. However, challenges like technology… Continue reading The evolving process of RE
Why we need norms on government spending
Source: The post is based on the article “Why we need norms on government spending” published in “Indian express” on 20th October 2023. Syllabus: GS3- Economy- Government Budgeting. News: The article discusses the challenges democracies face in deciding where to spend public money. Governments often prioritize “freebies” for citizens to gain votes, even though these… Continue reading Why we need norms on government spending
Tax uncertainty- SC ruling will increase uncertainty in telecom
Source: The post is based on the article “’Tax uncertainty- SC ruling will increase uncertainty in telecom” published in “Business standard” on 20th October 2023. Syllabus: GS3- Economy- infrastructure (telecommunication) News: The Supreme Court ruled that telecom companies’ licence fees after July 1999 are capital expenses, not revenue expenses. What is the recent Supreme Court… Continue reading Tax uncertainty- SC ruling will increase uncertainty in telecom
Citius, Altius, Fortius’: Save it for the economy
Source: The post is based on the article “’Citius, Altius, Fortius’: Save it for the economy” published in “Live mint” on 20th October 2023. Syllabus: GS3- Economy- mobilisation of resources News: India wants to host the 2036 Olympics. Historically, rich countries hosted these games. Hosting often costs more than the benefits gained. India should focus… Continue reading Citius, Altius, Fortius’: Save it for the economy
Tackling urban poverty
Source: This post has been created based on the article “Tackling urban poverty” published in Business Standard on 19th October 2023. UPSC Syllabus Topic: GS Paper 3 Indian Economy — Indian Economy and issues relating to employment. GS Paper 2 Social Justice — Issues relating to poverty and hunger. News: This article discusses the recent findings… Continue reading Tackling urban poverty
