GS-3, Indian Economy

Regulatory Roadblock to Ease of Doing Business

Recently, the World Bank’s Ease of Doing Business 2019 report ranked India 77th among 190 countries, apart from it India is counted as one of the world’s most attractive investment destinations. However, in order to become a $5 trillion economy by 2024-25, India certainly needs to improve more on ease of doing the business front. Legislations and Challenges to Ease of… Continue reading Regulatory Roadblock to Ease of Doing Business

GS-3, Indian Economy

Economic Slowdown and its Fix

Recently, India resolved that it would be a $5-trillion economy in 2024. However, GDP growth slowed to a six-year low of 5 % during the first quarter of 2019. According to NITI Aayog, the present economic crisis is the worst crisis India is facing since Independence. Reduction in growth automatically leads to hampering of development goals… Continue reading Economic Slowdown and its Fix

GS-3, Indian Economy, Uncategorized

Essay on economic reforms in yesteryear decades

The 21st century was marked with measures to propel India’s business and economic reforms, pace for which was set in the early 1990s. It triggered the process with a free trade agreement (FTA) with Thailand in 2003, followed by a Comprehensive Economic Cooperation Agreement with Singapore in 2005. Under the aegis of Foreign Trade Development… Continue reading Essay on economic reforms in yesteryear decades

Editorials, Geography, GS-1, Indian Economy, Uncategorized

Tackling the demographic challenge

Until recently, India’s large population was considered to be a huge barrier to prosperity and progress. Economists predicted that India was a “population bomb” waiting to explode. However, in the post-liberalisation era, with China showing the way and proving that a massive population can be harnessed for societal and economic progress, a new mantra is… Continue reading Tackling the demographic challenge

Editorials, GS-3, Indian Economy, Uncategorized

Impact of US FED rate hike

Watch video here! Summary: The US central bank recently raised its benchmark federal funds rate for the first time in more than nine years. The rate had been next to zero since December 2008 and is now increased by a quarter points. This move affects everything from capital flows to stock markets. Experts say that… Continue reading Impact of US FED rate hike

GS-3, Indian Economy

WTO Talk Explained!

The meeting is in Nairobi, but everyone is talking about the Doha round of negotiations. Why? Formed in 1995, the WTO has 162 member countries. In 1999, violent protests by activists shut down the WTO meeting in Seattle, US, forcing the organisation to restart the new round in 2001 in Doha, the capital of Qatar.… Continue reading WTO Talk Explained!

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

Indian Economy, Uncategorized

For Make in India, we must create intellectual property and its jurisprudence

There are two  key pre-requisites. One, India has to support innovation and the creation of intellectual property at multiple levels: of policy, import duty, financial outlays and legal support. Two, Indian entrepreneurs must show ambition to operate on global scales of quality and quantity. Create Intellectual Property: It is welcome the government proposes to reduce… Continue reading For Make in India, we must create intellectual property and its jurisprudence