Source: The post is based on an article “The pandemic-flagged need for a new fiscal framework” published in the Live Mint on 12th July 2022. Syllabus: GS3 – Union Budgeting Relevance: Fiscal Framework News: In recent years, there has been suspension of fiscal rules across the globe due to the global financial crisis (GFC). Contents1… Continue reading The pandemic-flagged need for a new fiscal framework
Tag: Live mint
ONDC is the disruption Indian commerce needs
Source: The post is based on an article “ONDC is the disruption Indian commerce needs” published in the Live Mint on 12th July 2022. Syllabus: GS3 – Indian Economy Relevance: Open Network for Digital Commerce (ONDC) News: Currently, Indian cities are seeing a pilot run of the Open Network for Digital Commerce (ONDC) which is… Continue reading ONDC is the disruption Indian commerce needs
Draft Development of Enterprise and Service Hubs (DESH) Bill: SEZs to be turned into mfg hubs for domestic markets
Source: The post is based on the article “SEZs to be turned into mfg hubs for domestic markets” published in Livemint on 6th July 2022. What is the News? Government plans to table the Development of Enterprise and Service Hubs (DESH) Bill in the monsoon session of the Parliament. This bill will replace the current… Continue reading Draft Development of Enterprise and Service Hubs (DESH) Bill: SEZs to be turned into mfg hubs for domestic markets
The WTO’s leaky boat may be our best hope in a storm
News: In recent months, Russia’s incursion into Ukraine’s sovereign territory has led to new arrangements in the geo-economic and geopolitical arena. Contents1 What are the new arrangements or consequences?2 What are the reasons for such re-arrangement?3 What are the challenges to India’s wheat export ban decision?4 Other related challenges What are the new arrangements or… Continue reading The WTO’s leaky boat may be our best hope in a storm
Don’t count hybrids out of the race to go greener
Context: Maruti Suzuki’s chairman recently said that hybrid technology, natural gas and biofuels offer a better path towards a cleaner future than fully-electric cars. Globally, many electric models have hit the streets. Even in India, MG Motors, Hyundai and Tata Motors offer vehicles that liberate users from petrol or diesel refills. However, both India’s and… Continue reading Don’t count hybrids out of the race to go greener
The worrying slowdown in India’s fight against poverty
Context: A new poverty estimate has been released by SBI Research. Contents1 What do the findings of the recent estimates suggest?2 Data indicating a slowdown in poverty reduction3 What are the implications?4 Way forward What do the findings of the recent estimates suggest? As per SBI Research, Poverty in India declined to 17.9% in 2020-21,… Continue reading The worrying slowdown in India’s fight against poverty
Amendment proposals for IT rules miss the main point
News: Recently, the Bombay and Madras high courts, ordered to stay the operation of the inter-ministerial appellate body that was to operate under the 2021 IT Rules. The body aims to monitor digital news publications and over-the-top (OTT) platforms. The court observed that this oversight mechanism threatens media independence or “rob the media of its… Continue reading Amendment proposals for IT rules miss the main point
Goods and Services Tax at five: The new regime’s journey so far
News: The Goods and Services Tax (GST) has completed its 5th year since its inception on 1 July 2017. Recently, The 47th meeting of the GST Council has also taken place. Contents1 What is the reason for introducing GST?2 What is the reason for multiple tax slabs under GST?3 What is the status of GST… Continue reading Goods and Services Tax at five: The new regime’s journey so far
Full privatization of PSBs: Our bank privatization agenda demands clarity
News: According to media reports, investment banks and other likely investors have recently asked the government to fully withdraw the Centre’s share from PSBs for facilitating a better disinvestment process and value discovery. This raised debate on the privatization of state-owned banks once again. Must read: Privatization of PSBs – Explained, Pointwise What are the… Continue reading Full privatization of PSBs: Our bank privatization agenda demands clarity
India’s economic constraints and an energy holdback to be eased
News: The Indian economy is under pressure due to high global oil prices. In the current fiscal year, India may witness a balance of payments deficit. However, at present, the problem of deficit can be tackled with large buffer of foreign exchange reserves with the Indian central bank. What are the issues ahead? 1) High… Continue reading India’s economic constraints and an energy holdback to be eased
