The ESG rating conundrum

News: In recent years, the environmental, social and governance (ESG) investments have emerged as a subject of great interest and significance across the globe. In this context, the SEBI had brought out a consultation paper on the need to regulate ESG rating providers. Increasingly, corporates are adopting higher ESG norms, and investors are preferring such investments.… Continue reading The ESG rating conundrum

Unexpected, but also unacceptable – Shocks due to Russia-Ukraine war

News: Russian invasion of Ukraine represents an unexpected and undesirable shock to global economies, including India’s Economy. Indian economy is facing some unexpected shocks due to the Russian invasion of Ukraine. Even the areas which were looking beneficial for India are turning out to be harmful. Impacts on Indian economy Both Russia and Ukraine have… Continue reading Unexpected, but also unacceptable – Shocks due to Russia-Ukraine war

Simulating gravity

News: Recently, the Orbital Assembly Corporation announced a plan to develop a space business park (hotel) which will be made operational by 2025. The hotel will be equipped with artificial gravity. Benefits of artificial gravity It would keep astronauts healthy on long trips, prevent loss of bone density and muscle atrophy. For example, in microgravity,… Continue reading Simulating gravity

Objection milords: SC’s GST Council ruling is an overreach and can be hugely disruptive. GoI should file review petition

News: A Supreme Court Bench in a judgment has said that the recommendations of the Goods and Services Tax (GST) Council were not binding on the Central and state governments. In the five years since GST has been rolled out, the GST Council has been the decision-making body on all key matters such as tax… Continue reading Objection milords: SC’s GST Council ruling is an overreach and can be hugely disruptive. GoI should file review petition

Central banks and the rule of law

Context: Two recent developments in India underline the need to inspire the rule of law in the functioning of central banks (CBs). What are these two recent developments and the reasons behind it? The Monetary Policy Committee (MPC) normally makes policy announcements in line with a predictable schedule. But on May 4, it went off… Continue reading Central banks and the rule of law

Increasing the pace of India’s urbanisation 

News: In recent years, the governments has started to realise that the cities are the drivers of economic growth.   Trends of Urbanization  In 1960, the global rate of urbanisation was at 33.61%. In 2003, more people were living in cities than in villages. In 2020, the global urbanisation rate was at 56.15% in 2020.   In… Continue reading Increasing the pace of India’s urbanisation 

Direct paddy sowing reaps benefits

News: Recently, the Haryana government has announced a higher incentive of ₹ 10,000 per hectare for the direct planting of rice. What are the issues in present rice cropping practice? At present, rice growers generally use much more water than the crop actually needs. Around 40-45% of the water used for irrigation goes to paddy… Continue reading Direct paddy sowing reaps benefits

Root cause analysis for the power crisis

Context: The root cause of the present electricity crisis in India is said to be the demand surge due to heat waves. However, it is not the case with other products where the private sector is involved. For example, the surge in the ice-cream demand is higher compared to electricity in summers. However, no one… Continue reading Root cause analysis for the power crisis

India’s biggest policy challenge 

News: Recently, the Periodic Labour Force Survey’s latest quarterly bulletin was released last week.   Findings of PLFS The unemployment rate for workers of 15 years or above in urban areas came down from 10.3% during October-December 2020 to 8.7% in October-December 2021.   The labour force participation rate (LFPR) has also increased marginally from 46.9% in… Continue reading India’s biggest policy challenge