News: Recently, RBI’s Internal Working Group (IWG) on ownership guidelines of private sector banks recommended that large corporates and industrial houses be allowed to be promoters of banks. However, recent trends suggest that the financial system can meet the growing demand for credit for the next three to five years, without taking on the risk… Continue reading On corporatisation of banks: Companies Needn’t Own Banks
Tag: times of india
Government shouldn’t rush to rein in fiscal deficit-NITI Aayog
News–NITI Aayog gas suggested that government should not rush to lower fiscal deficit. This would help economy and will provide a safety net to economy from new emerging variants. While the government has kept the fiscal deficit target for current financial year as 6.8 percent of GDP but it is targeting to lower it to 4.5 percent of GDP… Continue reading Government shouldn’t rush to rein in fiscal deficit-NITI Aayog
A better NJAC: Politicians are right on the collegium. But can their solution rise above politics, that’s the question
News: A demand for introducing National Judicial Appointments Commission has been resurfaced in Lok Sabha. What is National Judicial Appointments Commission? Read here: National Judicial Appointments Commission Why did the demand for NJAC arise? Supporters of collegium cite executive overreach and suspicious government interest in judicial appointments in the 1970s. But after the first and second judges’… Continue reading A better NJAC: Politicians are right on the collegium. But can their solution rise above politics, that’s the question
Real Cost of MSP For All Crops
News: Even as the central government has announced its withdrawal of the three farm laws, the demands for legalising MSP have grown stronger. Why Legalising MSP is a bad idea? Firstly, The expansion of MSP would impose trillions of rupees worth of additional burden on the taxpayer in the forthcoming decade. With the current procurement… Continue reading Real Cost of MSP For All Crops
Order those jabs: India needs plenty more vaccines & vax-makers need advance notice. GoI take heed
News: Serum Institute is signalling that their Covishield production will be reduced by half as no new purchase orders are coming from the Government of India. Why there is a need to continue the vaccination process? – Indian Medical Association has demanded a booster dose for healthcare workers, amid concerns of a drop in the… Continue reading Order those jabs: India needs plenty more vaccines & vax-makers need advance notice. GoI take heed
Aiming for a high, quality of life does influence investment decisions, India needs to loosen up
News– GIFT(Gujarat International finance tech city) management is seeking relaxation in liquor laws in special economic zone (SEZ) area of GIFT city. Gujarat had banned alcohol consumption since 1960 as a homage to Mohandas Karamchand Gandhi. Why did such demand arose Investment decisions are influenced by the ease with which people can adapt to a new destination. Allowing people to… Continue reading Aiming for a high, quality of life does influence investment decisions, India needs to loosen up
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
Nagaland killings should prompt a broad rethink
News: The army operation resulted in the tragic death of 14 civilians in Nagaland. Contents1 What can be the impact of the killings? 2 What is AFSPA? Why controversies surrounding it?3 Why there is a stalemate despite the Framework Agreement (FA)?4 What is the way forward? What can be the impact of the killings? It can stall… Continue reading Nagaland killings should prompt a broad rethink
Fighting together: Only the political leadership can clear the way for joint theatre commands
News: The new navy chief, Admiral R Hari Kumar, recently said that the US military took 50 years to achieve its joint command structure. Although he clarified that he wasn’t implying that it would take a similar amount of time to establish India’s joint theatre commands, his stress was on highlighting the complexities involved. What… Continue reading Fighting together: Only the political leadership can clear the way for joint theatre commands
The farm laws fiasco offers 7 lessons on how to reform in a democracy
News: The enactment of farm laws, sustained farmer protests against them over the year and the eventual repeal has many takeaways for the future policymakers. Seven such policy lessons are discussed. Together they form a toolkit for the future reformer. What are key policy lessons from the farm law fiasco? Lesson 1: Push for simultaneous… Continue reading The farm laws fiasco offers 7 lessons on how to reform in a democracy
