GS-3, Indian Economy, Uncategorized

Merger of Banks

Finance Minister Nirmala Sitharaman has announced the merger of 10 public sector banks into four entities as an effort to revive the economy. Current Economic Status of India: India’s Gross Domestic Product (GDP) growth rate dropped to 5% in the April-June quarter due to a sharp deceleration in manufacturing output and farm sector The Gross Value Added (GVA) growth in the manufacturing sector dropped to 6% in the first… Continue reading Merger of Banks

Environment, GS-3, Uncategorized

Economics behind e-Vehicle Batteries

Context: There are concerns regarding the economic feasibility of electric vehicles (EVs) for mass use, as India is seeking a transition from conventional fuel vehicles to EVs. Transition to EVs: Recently, the NITI Aayog proposed to ban the sale of all internal combustion engine (ICE) powered three-wheeler post March 2023. It also suggested that all new two-wheelers below 150cc sold after March 2025 should be electric.… Continue reading Economics behind e-Vehicle Batteries

Environment, GS-3, Uncategorized

A Plastic Emergency (ban on single-use plastic)

Context: Before a ban on single-use plastic items comes into force, it is crucial to formulate a protocol that will identify the functional roles of different stakeholders. A Movement to Eliminate Single-Use Plastic The government is said to be working on a ban on certain plastic items of common use under the Environment (Protection) Act. This may be… Continue reading A Plastic Emergency (ban on single-use plastic)

Environment, GS-3, Uncategorized

A New Ethics for a Sustainable Planet

In the background of recurring natural calamities, it is required to formulate a new sustainable policy for the future of the planet. Natural Calamities: Brazil’s Amazon forests are ablaze with dozens of fires. Most of them were set intentionally by loggers and others seeking greater access to forest land. The fires are paving the way for a global climate catastrophe. How… Continue reading A New Ethics for a Sustainable Planet

GS-3, Indian Economy

Adequacy of Counter Measures against Economic Slowdown

The counter measures declared by the Union Government against the economic slowdown may not be adequate for a revival of the economy. The Role of Fiscal Policy in Economics: In 2005, a Nobel laureate in economics claimed that the fiscal policy, associated with profligacy, had no role at all and the problem of depression has been… Continue reading Adequacy of Counter Measures against Economic Slowdown

Environment, GS-3, Uncategorized

Environmental Conservation with Grassroot Governance

Context Flood and landslides (Kerala) of 2018 caused huge financial losses and the same repeated in 2019. Considering the above scenario, powers and responsibilities conferred on citizens under provisions such as the 73rd and 74th Amendments to the Constitution, and the Biological Diversity Act, 2002 are being sidelined. Background The Western Ghats are regarded as one of the eight ‘hottest’ biodiversity hotspots in the… Continue reading Environmental Conservation with Grassroot Governance