Editorials, Uncategorized

Pros of a spot gold exchange in India

Article Link India is the world’s second largest gold consumer with an annual demand of nearly 1,000 tonnes. In spite of this, the country lacks many key elements of an efficient gold ecosystem. Problems with the Indian gold market: The gold market here is plagued by fragmentation. Prices vary significantly across channels and locations. The… Continue reading Pros of a spot gold exchange in India

Editorials, GS-3, Science & Tech, Uncategorized

Fourth Industrial Revolution

CEOs, political leaders, social entrepreneurs, technologists and other global leaders are all at Davos to further the World Economic Forum’s mission of improving the state of the world. But, the big buzz at the World Economic Forum (WEF) in Davos this year is about the ‘Fourth Industrial Revolution’. What is Fourth Industrial Revolution? As described… Continue reading Fourth Industrial Revolution

Editorials, GS-3, Indian Economy, Public Admin 2, Uncategorized

Municipal Bonds

What is Municipal Bonds? Municipal bonds (also known as munis) are debt vehicles issued by state and local governments to finance their operations and fund municipal projects. Debt instrument may be a perplexing term, but think of municipal bonds as loans from lenders to state and local governments. In the case of municipal bonds, many… Continue reading Municipal Bonds

GS-3, Indian Economy, Public Admin 2, Uncategorized

What is ‘Swiss challenge method’?

Governments use a variety of public procurement methods. Over time, many variants have got added to the much vilified LCM (least cost method), and QCBS (quality and cost-based selection) options. Recent creative additions in India include viability gap, reverse e-auctions, and hybrid annuity Swiss challenge is a procedure to award contracts , specially for government… Continue reading What is ‘Swiss challenge method’?

GS-3, Indian Economy, Public Admin 2, Uncategorized

14th Finance Commission

A Brief Introduction of Finance Commission Article 280 of the Constitution of India provides for a finance commission as a quasi-judicial body. It is constituted by the President of India every fifth year. It consists of a chairman and four other members to be appointed by the president. It makes recommendations about the following to… Continue reading 14th Finance Commission

GS-3, Indian Economy, Uncategorized

A, B, C, D of GST Bill

What is the Goods and Services Tax (GST)? As the name suggests, the GST will be levied both on goods (manufacturing) andservices. A single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, etc. This is how it is done in most developed countries. Let’s know the structure… Continue reading A, B, C, D of GST Bill

GS-3, Indian Economy, Uncategorized

China’s inclusion in IMF currency basket

What is a Special Drawing Right? The fund created the SDR in 1969 to boost global liquidity as the Bretton Woods system of fixed exchange rates unraveled. While the SDR is not technically a currency, it gives IMF member countries who hold it the right to obtain any of the currencies in the basket --… Continue reading China’s inclusion in IMF currency basket

GS-3, Indian Economy, Indian Polity, Public Admin 2, Uncategorized

7th Pay Commission: Why we must not grudge them a pay hike?

Many sections of the society are unhappy with the recommendations of the seventh pay commission. They are opposed to the increases in pay for Central government employees. But, when compared to pay increases and bonuses in the private sector, the pay hikes recommended by the seventh pay commission are modest. Analysts warn of slippages in… Continue reading 7th Pay Commission: Why we must not grudge them a pay hike?

GS-3, Indian Economy, Uncategorized

Special Economic Zones (SEZ) policy in India: Issues & Challenges

Special Economic Zones (SEZ) policy in India: Issues & Challenges India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity… Continue reading Special Economic Zones (SEZ) policy in India: Issues & Challenges