News– India has unveiled Account aggregator framework in september,2021 that can that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies. What is Account Aggregator (AA) framework? An AA is a new class of NBFC approved by the Reserve Bank of India… Continue reading Open banking puts banks on notice-Digitise or perish
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What PLFS tells us about India labour market
News– Periodic Labour force survey (PLFS) data shows that the unemployment rate is close to pre-covid levels that as was in the year 2020. What is PLFS It was launched by National statistical office (NSO). It has two objectives -a) To estimate the key employment and unemployment indicators (viz. Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), Unemployment Rate) quarterly for the urban areas only in the ‘Current Weekly Status’ (CWS). b) To estimate employment and unemployment indicators in both… Continue reading What PLFS tells us about India labour market
NFTs are overhyped, but useful for a creative economy
News: The hype around NFTs may be a gold rush, but it has made an important idea mainstream: Creators need to take back control from Big Tech. Are NFTs a speculative bubble? Couple of factors due to which some experts believe to be speculative bubbles: – Relation of NFTs to Cryptocurrencies, which are in itself… Continue reading NFTs are overhyped, but useful for a creative economy
How to regulate crypto, minus a crypto-specific law
News: Bringing a new legislation for Crypto regulation may not be necessary in India until Cryptocurrency transactions reach a widespread adoption. Till then, a more prudent approach would be to extend our current regulatory frameworks, along with the associated enforcement apparatus, to regulate cryptos as yet another class of assets. What are the challenges the… Continue reading How to regulate crypto, minus a crypto-specific law
India-Russia summit recognised that each needs the other, and that the drift in bilateral ties needs to be arrested
News: Recently, 21st India – Russia Annual summit took place. The summit highlighted the “all-weather” partnership between India and Russia. Must read: Recent developments in India-Russia Relations – Explained, pointwise Contents1 What are the challenges in India-Russia relations?2 Why does Russia need India?3 Why does India need Russia?4 What should be done? What are the… Continue reading India-Russia summit recognised that each needs the other, and that the drift in bilateral ties needs to be arrested
The nine lives of India’s National Family Health Survey
News: The NFHS data evolved much from the Demographic and Health Survey and became a well-structured one. Must read: NFHS-5 and its findings – Explained, pointwise Contents1 About the Demographic and Health Survey (DHS)2 About the evolution of NFHS3 About the NFHS4 What are the key reasons behind the success of NFHS?5 What are the challenges… Continue reading The nine lives of India’s National Family Health Survey
Why the Reserve Bank wants to have its own digital currency
News: The Indian government and the RBI are getting ready to launch a central bank digital currency (CBDC). This is indicated by the scheduled introduction of the Cryptocurrency and Official Digital Currency Bill, 2021, in the winter session of the Parliament. Further, the government has also received a proposal from the RBI in Oct 2021… Continue reading Why the Reserve Bank wants to have its own digital currency
MSP is no silver bullet to boost farmers’ income
News: Even as the central government has announced its withdrawal of the three farm laws, farmer unions have persisted in their demand to make the minimum support price (MSP) a legal entitlement. But, even if it becomes a legal right, the MSP, in its current form, is unlikely to resolve the problems of Indian farmers… Continue reading MSP is no silver bullet to boost farmers’ income
We’re on a knife’s edge between global reflation and stagflation
News: Massive stimulus packages, given during the pandemic, could lead to high inflation amid low growth, if global production capacity lags overall demand. Contents1 Why the stimulus packages were given?2 What is the consequence?3 What are the implications for India?4 What is the way forward? Why the stimulus packages were given? As the pandemic spread… Continue reading We’re on a knife’s edge between global reflation and stagflation
The Goa government’s TReDS adoption is worthy of emulation
News: Central Govt has taken various steps to improve working capital (capital to manage day-to-day expenses) situation of small businesses. RBI too had launched TReDS platform to towards this end. However, many govt procurers lie outside the coverage of TReDS. It’s in this light that an initiative by the Goa govt assumes significance, wherein it registered… Continue reading The Goa government’s TReDS adoption is worthy of emulation
