15th Finance Commission interacts with Chairmen of previous Finance Commissions.
Focus: GS 3;Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in News? Towards the end of their deliberations, the Chairman Shri N.K Singh and Members of the 15th Finance Commission today held a virtual meeting with the Chairmen of previous Finance Commissions, Dr C. Rangarajan, Chairman 12th Finance Commission and Dr. Vijay Kelkar, […]
GST and the complexity of political negotiations
Context: Over the last couple of months, the Centre and States have not been on the same page over issues connected with the Goods and Services Tax (GST). Relevance: GS Paper 2: issues and challenges of federal structure GS Paper 3: Indian Economy (issues re: planning, mobilisation of resources, growth, development, employment); Inclusive growth and […]
Compound conundrum
Context: While the waiver of the interest on interest is welcome, MSMEs need more help Relevance: GS Paper 3: Indian Economy (issues re: planning, mobilisation of resources, growth, development, employment); Inclusive growth and issues therein. Sub topics: Sector of economy (Small Scale Industries) Mains questions: For India, just achieving economic growth is not sufficient. We require job-led growth to provide employment to 400 million plus workforce. Discuss […]
HOW FERTILISER SUBSIDY WORKS
Context: The government proposes to limit the amount of fertilisers each farmer can buy during a cropping season. What is the objective of this move, and what will its implications be, including on the subsidy bill? Relevance: GS Paper 3: Farm subsidies and MSP and issues therein (direct and indirect); Mains questions: What are the […]
All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – September, 2020
Focus: GS 3 ;Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in News? The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) increased by 11 points and 10 points to stand at 1037 (One thousand and thirty seven) and 1043 (One thousand and […]
Foreign Direct Investment Inflow
Focus: GS 3 ;Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in News? Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. About Foreign Direct Investment;- Foreign Direct Investment […]
RETAIL INFLATION EASES TO 6.69% IN AUGUST
Focus: GS-III Indian Economy Why in news? Retail inflation softened slightly to 6.69% in August 2020, even as food prices continued to rule high, official data showed. Details The government has revised downwards the retail inflation for July to 6.73% from the earlier estimate of 6.93%. Food inflation during the month stood at 9.62%. Food […]
PANDEMIC AND RECONSIDERING 42% DEVOLUTION
Focus: GS-III Indian Economy Why in news? The Fifteenth Finance Commission (FFC) will submit its report containing recommendations on the sharing of tax revenues between the Centre and States for the period 2021-22 to 2025-26 to the President on October 31, 2020. Details The Fifteenth Finance Commission (XV-FC) is of the view that 2020 cannot […]
URBAN EMPLOYMENT AS THE FOCAL POINT
Focus: GS-III Indian Economy Introduction The contraction of the economy raises concern on the employment situation as the shrinking sectors are those that create the maximum new jobs. While the ‘Garib Kalyan Rojgar Abhiyaan’ could be an immediate relief, the scheme cannot be a substitute for decent urban jobs. Given the structure of the economy […]
INDIA-CHINA STANDOFF AND NATHU LA BORDER TRADE
Focus: GS-III Indian Economy, GS-II International Relations Why in news? Sikkim’s Minister for Industries and Commerce expressed concerns over the future of the border trade through Nathu La. The Kailash Mansarovar Yatra, which started via Sikkim a few years ago, was also suspended in 2020. The border trade via the Old Silk Route at Nathu […]