News: Recently, the Reserve Bank of India has hiked the policy repo rate by 50 basis points with a unanimous vote for a decisive rate increase, to rein in inflationary pressures which are likely to go beyond the mandated tolerance level. What are the causes of high inflation? There is a new ‘globalized inflation’ concept,… Continue reading RBI’s decisive policy move will help impart stability to markets
Tag: Live mint
How new rules will change life on social media
What is the News? The Ministry of Electronics and Information Technology(MEITY) has released a fresh draft of the amendment to the Information Technology(IT) Rules 2021. What are the new amendments to the IT Rules,2021? The rules required additional compliance measures for Significant Social Media Intermediaries (SSMIs), which is any social media platform with more than five… Continue reading How new rules will change life on social media
Let’s redesign the process of pre-legislative consultation
Context: In 2014, India’s ministry of law and justice issued a policy on pre-legislative consultation. 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 nations. Importance of Pre-Legislative Consultation It ensures transparency in the legislative process. Further, lawmakers keep in… Continue reading Let’s redesign the process of pre-legislative consultation
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
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 in petrol five months ahead of schedule. What is the Save Soil Movement? Save Soil Movement is a global movement to increase awareness about deteriorating soil health… 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. Importance of fiscal federalism in India Linguistic pluralism, a federal structure and fiscal federalism have served us well and enabled us to succeed At… 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
