News: India requires governance 4.0 in the second half of the 20th century to enable income growth and social peace. In 2022, new challenges, for instance, climate action failure and erosion of social inter-relatedness are present before the government to deal with. But the issue is that today many people have lost faith in their… Continue reading Envisioning Governance 4.0 for a world that must not fail its kids
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Reforms in the multilateral institutions: A gathering storm over multilateral institutions
News: Indian Prime Minister, while addressing the World Economic Forum annual conference, talked about required reforms in the multilateral institutions to deal with the new world order. Chinese President also talked about the need for reforms to uphold true multilateralism, fairness and justice. Why are the reforms in the multilateral institutions necessary? 1) Dysfunctional system of… Continue reading Reforms in the multilateral institutions: A gathering storm over multilateral institutions
Farm reforms need not be a lost cause in India
News: Recently, a lawsuit against the Patiala Central Cooperative Bank was heard by India’s Supreme Court. This case drew attention to an attitudinal problem in the farm sector. What is the issue between farmers and Patiala Central Cooperative Bank? The bank sought to pay less compensation than what was ordered by a High Court. The… Continue reading Farm reforms need not be a lost cause in India
Assure basic scientific research its due supply of oxygen
News: Investment in basic science has helped the USA. Similarly, National Research Foundation (NRF) can help India in basic scientific research. Contents1 How investment in science helped the USA?2 What was the significance of OSRD?3 How Bush influenced Science?4 What is the status of scientific research in India? How investment in science helped the USA?… Continue reading Assure basic scientific research its due supply of oxygen
Deepening debt crisis in SL strokes crisis over Chinese lending
News: Sri Lanka struggling financially to pay for its imports. This raised questions about Chinese lending to the South Asian nations as part of its Belt and Road initiative programme. Contents1 Why Sri Lanka is struggling financially?2 Why Sri Lanka is blaming China for its economic crisis?3 What is China response to the crisis in… Continue reading Deepening debt crisis in SL strokes crisis over Chinese lending
Think, give-and-take to expand trade relations
News India in 2020 declined to join the Chinese led RCEP. This fueled the concerns of trade isolation and to overcome this India has been trying to forge some bilateral free trade agreements (FTAs). What are the initiatives taken by India in this direction? India has been generally following a ‘Look West’ approach and has initiated FTA… Continue reading Think, give-and-take to expand trade relations
It’s time for the world to reform capitalism from within
News: Pandemic has highlighted the need to reform capitalism to make it work for everyone and to make the world a better place to live in. Why there is a need for reforms in capitalism? Though Capitalism had helped in incentivizing science to develop and produce vaccines in record time, it also disincentivized allocation and… Continue reading It’s time for the world to reform capitalism from within
‘India-UK trade pact needs data accord’
What is the news? According to the managing director of the UK India Business Council (UKIBC), the India-UK free-trade agreement should include a Data Adequacy Agreement. What is a Data Adequacy Agreement? Data Adequacy Agreement facilitates the cross-border movement of personal data based on mutual adequacy. Note: Adequacy means that the country or territory in… Continue reading ‘India-UK trade pact needs data accord’
What is the World Economic Forum’s Davos Agenda ’22?
What is the news? The World Economic Forum (WEF) is hosting the Davos Agenda 2022 on the theme ‘State of the World’. Click Here to read about World Economic Forum (WEF) What is the WEF Davos Agenda Summit, 2022? The summit is being organized virtually by the World Economic Forum (WEF). The summit offers the… Continue reading What is the World Economic Forum’s Davos Agenda ’22?
Challenge arbitration awards carefully
News: Recent guidelines by the central government have asked its arms, including state-run firms to avoid appeal against every arbitration award, especially in the cases that have a low probability of success. These guidelines are released to avoid project delays. What are the implications of these project delays? Project delays and cost overruns cause a lot of harm to the exchequer. Government has to at the… Continue reading Challenge arbitration awards carefully
