In an unprecedented situation the US government is on the verge of Defaulting on its borrowing that could potentially hit economies around the world. The US government has never defaulted, and a default could have catastrophic consequences for America and for the world. The issue was serious enough for the American President to cancel …
Read More »Monthly Archives: May 2023
INDIA EYE’S DEVELOPED ECONOMY STATUS BY 2047
PM, CMs to draw up plans for developed economy status for India. India, which is the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. With eye on achieving developed country status by 2047, Central government will seek suggestions from states to stitch together a 25-year blueprint for …
Read More »EUROPEAN COMMISSION CARBON BORDER ADJUSTMENT MECHANISM (CBAM)
The CBAM has been described as a “landmark tool” to put a “fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU’. Therefore, it would encourage cleaner industrial production in non-EU countries. The reporting system under the regulation would be enforced from …
Read More »ARAB LEAGUE SUMMIT
The 32nd Arab League Summit held in Jeddah was unique in multiple ways. After 12 years, all 22 Arab states got together again, with 17 of them represented at the head of state or government level. The summit readmitted Syria and heard the Ukrainian President, a special invitee. The post-summit …
Read More »DEPUTY CM
K Shivakumar sworn in as Deputy Chief Minister of Karnataka Appointment of a Deputy CM has been a long-standing feature of Indian politics. The post of Deputy CM represents a political compromise that often follows the formation of a coalition government or when no single leader commands unchallenged authority in …
Read More »PANEL ON SEBI’S FUNCTIONING
Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India (SEBI) more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. Ahead of the Court’s original May 2 limit, SEBI had …
Read More »THE PARADOX OF BRICS
Mysterious are the ways in which multilateral groupings prosper and wither away. The Non-Aligned Movement (NAM) and G-77 had their heyday in the Cold War era Later they lost their relevance, but they still exist. The South Asian Association for Regional Cooperation (SAARC) summits ended in 2014, but the Secretariat …
Read More »EU’S CARBON BORDER ADJUSTMENT MECHANISM
On May 10, co-legislators at the European Commission signed the Carbon Border Adjustment Mechanism (CBAM). It has been described as a “landmark tool” to put a “fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleaner industrial production …
Read More »THE TRAGEDY OF THE AXOLOTL MUTANT
Anyone who has suffered the misfortune of an amputation, and others with the imagination to conceive of such a horrible loss, might wish humans shared the famed ability of the Mexican axolotl (Ambystoma mexicanum) to regenerate their limbs. The axolotl is a species of salamander (lizard-like amphibians) originally found in …
Read More »RUSSIA FIGHTS ‘INCURSION’ FROM UKRAINE
Russian troops and security forces fought for a second day on Tuesday against an alleged cross-border raid that Moscow blamed on Ukrainian military saboteurs but which Kyiv portrayed as an uprising against the Kremlin by Russian partisans. Vyacheslav Gladkov, Governor of the Belgorod region on the Ukraine border, said forces …
Read More »JUSTICE FOR ANIMAL WELFARE
An animal, Susan, goes about her life, doing all the things that an animal of Susan’s sort would. But while pursuing her goals, she runs into various hurdles, a few frivolous, and unimportant to her life, and a few that are more serious — an illness, a storm that wrecks …
Read More »TELANGANA- A.P. WATER DISPUTE
The nagging dispute over the water share of the Krishna river between Andhra Pradesh (A.P.) and Telangana remains unresolved, even nine years after the bifurcation of the combined State. What is the origin of the Krishna water dispute? The dispute dates back to the formation of Andhra Pradesh in November, …
Read More »SURGE IN GLOBAL TEMPERATURES
According to World Meteorological Organization (WMO) updates lobal temperatures are likely to surge to record levels in the next five years, fuelled by heat-trapping greenhouse gases and a naturally occurring El Nino event. Details: The World Meteorological Organization is the United Nations System’s authoritative voice on Weather, Climate and Water. For the first …
Read More »INDIA-GERMANY PUSH TRILATERAL PROJECTS
India and Germany signed the Triangular Development Partner agreement in 2022. It is a joint declaration on agroecology and sustainable management of natural resources These projects aim to support sustainable development goals (SDGs) in third world countries in Asia, Africa and the Indo-Pacific. So far, New Delhi and Berlin have started work …
Read More »RIGHT TO EDUCATION ACT
Even after 14 years of implementation of the Right to education, the proportion of single-teacher schools in India is still a high 14.7%. The Right to Education Act states that every school must have at least two teachers. The Act also requires presence of a primary school within one kilometer of every habitation. In some …
Read More »IMPACT OF CLIMATE CHANGE ON INDIAN ECONOMY
The World Meteorological Organization (WMO) announced that global temperatures are likely to surge to record levels in next five years. According to WMO, the combined effect of heat-trapping greenhouse gases and an EI Nino event will result into phenomenal rise in global temperatures in next 5 years. WMO warned that the economic cost of extreme weather, climate and water-related …
Read More »PLI INITIATIVE FOR THE STEEL INDUSTRY.
The government is set to introduce a second production-linked industry aimed at bolstering the local capital goods industry. The expansion of the PLI scheme for steel industry aims to support the manufacture of capital goods and critical consumables such as refractories, low carbon and low loss of ignition fluxes, rollers, …
Read More »INDIA’S AFRICAN JUMBOS
The Zoo officials at Delhi and Mysuru are grappling to find mate for the only two African elephants in the country. African Elephants are the largest land mammals and are different from Asian elephants. Besides availability the mating of these elephants involves monetary, legal, logistical and importantly, ethical considerations. There are only two …
Read More »QUAD LED BIO-MANUFACTURING HUB IN INDIA
In 2021, the QUAD nations set up a Critical and Emerging Technology Working Group to facilitate cooperation in development of critical and emerging technologies, that included biotechnology. However, the potential for Quad cooperation in biotechnology remains insufficiently tapped. The establishment of a Quad-led biomanufacturing hub in India will give the necessary fillip to enhance …
Read More »REGULATING THE SALT INTAKE
The Indian council for Medical Research (ICMR) highlighted the need to reduce the Salt intake. A healthy, active adult need between 200 and 500 mg of sodium per day. According to WHO, the world is off track to achieve its global target of reducing salt intake by 30% by 2025. Only 5% of …
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