The Process of Cartelization
Context Competition Commission of India (CCI) has fined 11 firms for of bid rigging, cartelization in Indian Railways tenders. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article What is a Cartel? What is Cartelization? Philosophy behind How do they work? How do cartels hurt? Are […]
Confidentiality Ring Amendment and Its Impact on Antitrust Disputes
Context Amazon (the defendant) decided to take the confidentiality route towards its submissions in an order dated March 7 passed by the DG-CCI on the Amazon dispute. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article About the Confidentiality Ring Adoption of Confidentiality ring by CCI […]
What Are Oil Bonds?
Context: Over the last one year, as retail prices of petrol, diesel and other petroleum products have surged, the government has attracted criticism. On several occasions, Finance Minister has sought to counter such criticism by claiming that the current government cannot bring down taxes (and, as a consequence, prices) because it has to pay for the oil bonds […]
Understanding the Sovereign Debt Crisis in Sri Lanka
Context: Recently, The Sri Lankan government decided to default on all its foreign debt worth $51 billion as it awaits financial assistance from the International Monetary Fund (IMF). The government stated that it took the decision to preserve its dwindling foreign reserves to pay for the import of essential items. Ratings agencies such as Fitch, […]
State Energy and Climate Index
Context: NITI Aayog puts out Energy and Climate Index list. Relevance: GS III- Indian Economy Dimensions of the Article: Background About State Energy & Climate Index (SECI) Highlights of SECI Background: India, the third-largest energy consumer and the third-largest oil importer is working aggressively to provide affordable energy, ensuring energy access to all and ensuring […]
In Pandemic Shock, Critical Lessons for MSMEs
Context Apart from government policies that help the MSMEs recover, financial safety nets must be created for MSMEs to help them face economic shocks and be more resilient. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Present Scenario for MSMEs Impact of the Pandemic Lessons […]
Withdraw Cash From an ATM Through UPI
Context: The Reserve Bank of India (RBI) has proposed to make cardless cash withdrawal facility available at all ATMs, irrespective of banks, through the Unified Payment Interface (UPI), one of the key decisions made by the RBI’s Monetary Policy Committee (MPC). Relevance: GS III- Indian Economy Dimensions of the Article: What is Unified Payments Interface (UPI)? […]
Getting Serious About Supporting The Care Economy
Context Care Work is vital for economies and India needs to have an action plan with coordinated policies which helps its care economy bloom. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Policy Ignorance Benefits down the line Maternity and Child Care Domestic Workers Care […]
Foreign Contribution Regulation Act (FCRA)
Context: The Supreme Court upheld amendments introducing restrictions in the Foreign Contribution (Regulation) Act (FCRA) while holding that no one has a fundamental or absolute right to receive foreign contributions. Relevance: GS-II: Polity and Governance (Government Policies & Interventions, Non-Governmental Organisations -NGOs), GS-III: Indian Economy (External Sector, Mobilization of Resources) Dimensions of the Article: Foreign […]
Standing Deposit Facility (SDF)
Context: While retaining the reverse repo rate at 3.35 per cent, the Reserve Bank of India (RBI) introduced the Standing Deposit Facility (SDF), an additional tool for absorbing liquidity, at an interest rate of 3.75 per cent. Relevance: GS III- Indian Economy Dimensions of the Article: Key takeaways from the MPC meeting About Standing Deposit Facility (SDF) How it will […]