Context: In 2014, India’s ministry of law and justice issued a policy on pre-legislative consultation. Contents1 Background2 Importance of Pre-Legislative Consultation3 Features of Indian policy4 What are the issues?5 Way Forward Background In 2012, the Organization for Economic Cooperation and Development (OECD) issued a set of 12 recommendations on policymaking practices for member and non-member… Continue reading Let’s redesign the process of pre-legislative consultation
Tag: Live mint
Open network for e-commerce: It’s an idea whose time has come
Context: The Open Network for Digital Commerce (ONDC) was launched in few cities recently on a pilot basis. It has the potential to usher in a disruptive change. India’s potential in digital economy India has the world’s highest fintech adoption rate of 87%, as compared with the global average of 64%. E-commerce market in India… Continue reading Open network for e-commerce: It’s an idea whose time has come
How best to interpret CMIE’s consumer survey findings
Context: Centre for Monitoring Indian Economy (CMIE) has been at the forefront of providing necessary data that provide information about the average Indian household. However, some discrepancies in the survey methodology brought the CMIE data under question. CMIE provided the surveys during lockdowns that helped to understand the scale of urban unemployment and distress migration… Continue reading How best to interpret CMIE’s consumer survey findings
India has achieved the target of 10% ethanol blending ahead of schedule
Contents1 What is the News?2 What is the Save Soil Movement?3 The timeline of India’s Ethanol Blended Petrol Programme4 What are the benefits of achieving this goal? What is the News? At the Save the Soil movement event, the Prime Minister said that the Government of India has achieved the target of 10% ethanol blending… Continue reading India has achieved the target of 10% ethanol blending ahead of schedule
External vulnerabilities: Time for a rupee review
News: India’s exports in May were up 15.5% on last year’s figure. On this upbeat momentum, India could see another year of robust exports, beating the $418 billion record set in 2021-22. High oil prices are also a major reason for a rise in exports this year, since petroleum products made up a big share… Continue reading External vulnerabilities: Time for a rupee review
The new era of fiscal federalism could strengthen national unity
Context: The 15th Finance Commission (2021-2026) retained the states’ share, and its methodology of assigning weights based on population. This is likely to be a factor in the politics of federalism. Contents1 Importance of fiscal federalism in India2 Why states in India have weak fiscal capabilities?3 Important Institution to uphold fiscal federalism4 Measures towards Fiscal… Continue reading The new era of fiscal federalism could strengthen national unity
Saving a Giant Softshell Turtle
What is the News? This article talks about the Cantor’s Giant Softshell Turtle. What is Cantor’s Giant Softshell Turtle? Source: Livemint Cantor’s giant softshell turtle (Pelochelys cantorii) also known commonly as the Asian giant softshell turtle and the frog-faced softshell turtle is a species of freshwater turtle in the family Trionychidae. Origin of Name: The… Continue reading Saving a Giant Softshell Turtle
States should focus on the quality of public expenditure
News: States were guaranteed bi-monthly compensation for any loss of revenue in the first 5 years of GST implementation from 1 July 2017. The 5-year period will end on 30 June and there is a growing demand from many states to extend the GST compensation mechanism beyond that. Given this uncertainty over the extension of… Continue reading States should focus on the quality of public expenditure
A ban on wheat exports was the country’s least damaging option
Context: The Indian export ban on wheat in mid-May drew much negative attention. The ban was on private sector wheat exports, leaving open government-to-government contracts. The widespread criticism of the ban was misplaced. Contents1 Details about the wheat export ban and related issues2 Why the criticism of the wheat export ban is unwarranted?3 How have… Continue reading A ban on wheat exports was the country’s least damaging option
Inflation demands fiscal action more than a monetary one
News: Recently, Inflation in India has been on an upward path Status of Inflation Wholesale price index inflation stands at 15% and consumer price inflation is nearly at 8%. About the monetary policy system in India In 2015, India introduced the ‘channel system’, in contrast with the ‘floor system’ of the US. The policy rate… Continue reading Inflation demands fiscal action more than a monetary one
