Agriculture, GS-3, Uncategorized

No sanctity for sovereign guarantee

Livemint Issue A mismatch between the value of stocks kept in warehouses and loans taken against them. Context It has been found that the stocks of foodgrains kept in the warehouses of the Punjab government are inadequate to cover the loan against such stocks, so the Reserve Bank of India (RBI) has directed banks to… Continue reading No sanctity for sovereign guarantee

GS-3, Uncategorized

The importance of IP rights for innovation

Context Piracy is a problem all over the world, original content created by the innovators is being distributed in this digital age where data is distributed all over the internet and is rampant Why India and US have a relationship in IP rights Indian movie production companies and software development companies have made a mark… Continue reading The importance of IP rights for innovation

Editorials, GS-3, Indian Economy, Uncategorized

The truth about India’s growth

Livemint Issue Skepticism over the role of micro, small and medium enterprises (MSMEs) in the growth. What happened? Recently,  the official figures  have highlighted the enlarged size and faster growth of the private corporate sector in its new series. Critics’ take on this Critics claim this is the result of using the ministry of corporate… Continue reading The truth about India’s growth

Editorials, Uncategorized

From Plate to Plough — The big thirst

Article Link Maharashtra is facing one of the biggest water crisis in recent decades. In Latur, where the traditional sources of water have run dry, Section 144 has had to be imposed to prevent into a water riot. Trains carrying water are now being despatched to Latur. Even, the high court intervened in the case… Continue reading From Plate to Plough — The big thirst

GS-3, Indian Economy, Uncategorized

Two committees to ensure consistency in tax policies

The Union Government has constituted two new committees: Tax Policy Research Unit (TPRU) Tax Policy Council (TPC) Aim: To streamline the taxation policy and administration These committees have been constituted based on the recommendation of the Tax Administration Reform Commission (TARC) Tax Policy Research Unit The TPRU will be headed by Revenue Secretary It will carry… Continue reading Two committees to ensure consistency in tax policies

GS-3, Indian Economy, Uncategorized

Arvind Subramanian Panel on GST Tax Rates

The Chief Economic Advisor Arvind Subramanian led panel submitted its report on Possible Tax rates under Goods and Services Tax (GST) to Finance Minister Arun Jaitley Union government had set up the committee under chairmanship of CEA Dr. Subramanian in June 2015 to arrive at GST rates by factoring in the economic growth rate,  taxpayer… Continue reading Arvind Subramanian Panel on GST Tax Rates

GS-3, Uncategorized

NITI Aayog panel on Innovation

A NITI Aayog panel on Innovation headed by Prof. Tarun Khanna submitted its report recommending that the private sector should help fund research and development,including in research labs at universities and startups It was constituted following the 2015 budget speech of Finance Minister Arun Jaitley, where he allocated 150 crore rupees for Atal Innovation Mission (AIM)… Continue reading NITI Aayog panel on Innovation

GS-3, Indian Economy, Uncategorized

Deepak Mohanty Committee on Financial Inclusion

The Reserve Bank of India (RBI) has released the Report on Medium-term Path on Financial Inclusion submitted by 14-member committee headed by RBI Executive Director Deepak Mohanty RBI had constituted the committee in July 2015 to examine the existing policy regarding financial inclusion and a five-year (medium term) action plan It was tasked to suggest… Continue reading Deepak Mohanty Committee on Financial Inclusion