Big Picture, GS-3, Indian Economy, Uncategorized

Devaluation of Chinese Yuan

Watch debate here Summary: The Chinese stock market is once again in turmoil. Added to it is the government’s decision to devalue its currency for the second time in less than six months. This has raised concerns all over the world. The impact of stock market tumbling in Shanghai has been felt all over the… Continue reading Devaluation of Chinese Yuan

Big Picture, GS-3, Indian Economy, Uncategorized

Widening the net Beyond the Income Norm

Article Link In an effort to reduce unnecessary subsidy burden on the exchequer, the Union Government has undertaken a series of LPG Subsidy reforms over the last one year. Various developments so far: Launch of PAHAL: The centre welcomed 2015 with the nationwide launch of the modified Direct Benefit Transfer for LPG (DBTL) scheme (also… Continue reading Widening the net Beyond the Income Norm