CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”

What is the news? Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament About Economic Survey The Economic Survey is an annual report card of the economy. The first Economic Survey was presented in the year 1950-51. From 1964, the practice to release the survey a day before the Union Budget began.… Continue reading CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”

A hazy picture on employment in India

News: This article says that the employment data in India is not consistent and does not show a clear pattern. The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator,… Continue reading A hazy picture on employment in India

India, with lunar odyssey planned this year, is among many looking moonward

What is the News? Moon will be the focus of multiple missions through 2022 and the following decade. The moon will also be the test-bed for technologies that enable exploration of Mars and the establishment of space colonies. What are the various missions being planned on the Moon by different countries? NASA: It has a… Continue reading India, with lunar odyssey planned this year, is among many looking moonward

Flying Home – on Air India privatisation

News: Recently, the Tata group regained Air India by winning the bid of Rs 18,000 crore and acquired Air India after seven decades. Tatas will gain 100 percent ownership in Air India, Air India Express, and a 50 percent stake in the ground handling firm AI-SATS. Why Air India privatization is seen as a beneficial… Continue reading Flying Home – on Air India privatisation

Philippines to acquire BrahMos cruise missiles for $375 million

What is the news? India has signed a $375-million contract with the Philippines for the supply of 24-30 BrahMos cruise missiles. What are Brahmos Missiles? Click Here to read about it  How would a Brahmos missile protect the Philippines from China? In a hypothetical armed confrontation that involves warships of China attacking the Philippines, the… Continue reading Philippines to acquire BrahMos cruise missiles for $375 million

Political economy of regulatory reform

News: This article discusses the status of implementation of regulatory reforms announced in the last seven budgets. Why financial regulatory reforms are needed? Financial regulatory reforms clarify the role and objectives of regulation, establish sound agency architecture and institutionalize sound governance and processes within a statutory regulatory authority (SRA). For example, Securities and Exchange Board… Continue reading Political economy of regulatory reform

Digital Services Act: No online targeting

News: The European Parliament has passed the Digital Services Act (DSA), which aim towards protecting the privacy of users. What is the earlier Data Protection Rule EU had? The EU already had the General Data Protection Regulation (GDPR), which offers granular privacy protection to anybody (not only EU citizens). GDPR classified data about race, ethnicity, political opinions, religious… Continue reading Digital Services Act: No online targeting

India’s Ukraine ‘challenge’

News: The stand-off between Russia and Ukraine, China, and Taiwan has put several questions for India on how to respond to the development. How did the change in USA policy lead to a change in Russia and China policy? Russia and China seem to believe that the USA has diminished its economic and military capacity and… Continue reading India’s Ukraine ‘challenge’

Credibility of govt accounting – On Public Account Committees

News: The Public Accounts Committee (PAC) completed a hundred years of existence, and this article discusses ways to improve the PAC’s oversight. What is the significance of the PAC? One, it plays a crucial role in scrutinizing the use of government funds. The PAC is a parliamentary committee, and customarily the leader of the largest… Continue reading Credibility of govt accounting – On Public Account Committees

Bose’s legacy

News   Government has decided to place a statue of Subash Chandra Bose at India Gate. occupying a prominent place in the upcoming administrative complex will serve as a daily reminder of Bose’s core political beliefs to citizens.  What were the basic political ideas that Subash Chandra Bose believed in?  He was attracted to military discipline. At the 1928… Continue reading Bose’s legacy