TRANSFORM AGRICULTURE TO ATTRACT YOUTH.
It’s the biggest enterprise in india. Need to replicate success story of AMUL around the country. Women contribute 90% to the rural dairy economy. overall contribution of women to the national GDP is much less at around 25%. “We need to recognize the immense possibilities for women empowerment offered by rural organizations and supply chains […]
AGRI REFORMS 3: THE ESSENTIAL COMMODITIES (AMENDMENT) ACT, 2020
Context: The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020 allows intra-state and inter-state trade of farmers’ produce beyond the physical premises of APMC markets. State governments are prohibited from levying any market fee, cess Relevance: GS Paper 3: storage, transport & marketing of agro-produce and related issues & constraints; Economics of animal-rearing […]
EFFECT OF ‘MAKE IN INDIA’ ON LIFE-SAVING MEDICINES
Focus: GS-II Indian Economy Why in news? The Ministry of Railways has written to the Department for Promotion of Industry & Internal Trade, Ministry of Commerce and Industry, seeking exemption for procuring certain medical items manufactured outside India, particularly medicines used in the treatment of COVID-19, cancer, etc. Background The issue was first flagged in […]
DANGEROUS SUGGESTION
Context: Former RBI governor Raghuram Rajan and ex-deputy governor Viral Acharya argued against allowing companies to own banks because it would allow non-financial businesses to gain easy access to financing and encourage connected lending and because it could lead to further concentration of economic and political power in certain business houses. Relevance: GS Paper 2: […]
A normalisation of WFH is unlikely to raise women’s participation in the labour force
Context: A recent report from LinkedIn suggested that Indian women increased their participation in paid work between April and July because the new normal of “work from home” (WFH) allowed them to combine their domestic and employment responsibilities. Relevance: GS Paper 1: Role of women and women’s organisation; GS Paper 3: Indian Economy (issues re: […]
Reinforcing RBI’s accountability
Context: Inflation, as measured by the consumer price index (CPI), was 6.7% in the January-March quarter, 6.6% in the April-June quarter (based on imputed data) and 6.9% in the July-September quarter. Relevance: GS Paper 3: Indian Economy (issues re: planning, mobilisation of resources, growth, development, employment); Inclusive growth and issues therein. Mains questions: In many […]
BANKS TOLD TO ENSURE INTEREST PAYBACK, RBI TELLS SC
Focus: GS-III Indian Economy Why in news? The Reserve Bank of India (RBI) informed the Supreme Court that it has advised banks and financial companies to fully comply with a government scheme to pay back borrowers compound interest or interest on interest, charged on their loans during the six-month moratorium period. Details The RBI said […]
The road to economic recovery
Context: The return of economic activity and declining active Covid-19 cases in India have raised hopes of recovery. Yet a second wave in Europe and US raise concerns. What is the way forward for businesses and investors? Relevance: GS Paper 3: Indian Economy (issues re: planning, mobilisation of resources, growth, development, employment); Inclusive growth and […]
PLFS: DIP IN URBAN UNEMPLOYMENT RATE BEFORE LOCKDOWN
Focus: GS-III Indian Economy Why in news? Statistics from the latest Periodic Labour Force Survey (PLFS) for the quarter ending December 2019 show that the urban unemployment rate had been declining for four consecutive quarters. India’s labour market was beginning to look up, despite a deceleration in GDP growth, before the Covid-19 pandemic forced a […]
PROTECTION FROM IMPORTS TIME BOUND
Focus: GS-III Indian Economy Why in news? Any tariff protection to promote local manufacturing in India will come with an in-built sunset clause, NITI Aayog Vice-Chairman said, asserting that the country’s self-reliance mission must not be equated to it becoming a ‘protectionist’, closed economy. Details The government is set to extend the production-linked incentive scheme […]