Tag: Live mint

News: The third wave of the pandemic is receding but the impact of the pandemic on the economy may last longer. However, response of the government in dealing with the pandemic-induced disruptions can change the scenario. This article discusses the need to reduce inequality and how fiscal measures can help in that. Why inequality is… Continue reading Fiscal policy must take centre-stage for a broad revival

News: India will complete 75 years as an independent nation in August 2022 and the Finance minister will present the annual budget against the backdrop of this anniversary. This article analyses the budgets of the following years 1948, 1972, 1997, and explains the various reforms undertaken to overcome the constraints/challenges faced during those budgeted years.… Continue reading A brief history of Indian budgets as economic constraints shifted

News: The Union Government proposal to amend IAS Cadre Rules has attracted the opposition of various states. Must read: Deputation of Cadre Officers and the Proposed Amendments – Explained, pointwise What is All India Services? IAS, IPS and Indian Forest Services comes in the list of AIS. According to P.S. Appu, these services play a pivotal… Continue reading A proposal that has stirred up questions of IAS control

News  Government has been missing its disinvestment targets by huge margin and this delay has been hurting its revenues and PSUs both.  What has been government’s progress on its disinvestment target?  For 2021-22, the Centre set a disinvestment target of ₹1.75 trillion however so far it has collected just ₹9,329 crore.  Although the finance minister’s… Continue reading Price we pay for privatisation delays”

News: Recently head of Hindustan Unilever has suggested that it’s time for the government to launch an urban job guarantee along the lines of India’s rural employment scheme. What is the need urban employment scheme? First, India’s rural employment scheme helped village-dwellers during the covid crisis. Second, service sector has been severely affected by the… Continue reading Let’s universalize India’s employment assurance

News: The Delhi high court is hearing whether the marriage exception to Section 375 of the Indian Penal Code should be struck down. It will provide legal recourse to married women if they are forced into sexual intercourse by their husbands. What is the present legal position? According to law, consent is presumed and continuous… Continue reading The country must criminalize marital rape right away

News: Recently, Oxfam revealed that India’s richest 10% had 45% of Indian wealth, while the bottom half had only 6%. This article says, even if inequality is a natural consequence, it is evil. There is no need to declare it as sacred. Also, money can never be the correct measure of inequality. Is inequality a… Continue reading Can inequality be solved or is it a natural human state?

News: Supply-based interventions can help in increasing demand and thereby have a positive impact on the economy. That is why they are a popular public-policy choice. What is “Says law”? It says supply creates its own demand. However, John M. Keynes has refuted “Say’s Law”. According to Keynes, say’s law was the only major tenet… Continue reading Say’s Law works: Supply does create its own demand

News: Amazon’s legal dispute throws light on uncertainties, quality of legal and regulatory protection that investors face in India. What is Amazon’s legal dispute? Recently, Amazon was fined by the Indian competition watchdog. Its capital infusion in Future Coupons during 2019 was put in suspension. The Competition Commission said it was denied an opportunity to… Continue reading Amazon’s legal entanglement in India offers a cautionary tale