Context: The Mukhyamantri Majhi Ladki Bahin Yojana in Maharashtra, launched four months before elections, offers ₹1,500 monthly financial aid to poor women. This has sparked debates about whether such Direct Benefit Transfer (DBT) schemes amount to voter bribery or genuine welfare measures. Key Features of Mukhyamantri Majhi Ladki Bahin Yojana …
Read More »Economy
The Shift Toward De-Dollarisation
The global trend towards de-dollarisation refers to the efforts by various countries to reduce their reliance on the US dollar in international trade and finance. This editorial, based on the article Why ‘De-Dollarisation’ is Imminent, explores the causes and consequences of this shift, with a particular focus on the role …
Read More »Cross-Border Payments
Context: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed an agreement aimed at promoting the use of local currencies—the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR)—in cross-border transactions. About Cross-Border Payments (CBPs) Cross-border payments involve financial transactions where the payer and the recipient …
Read More »Struggle to Eliminate Fossil Fuel Subsidies
Context (TH) Despite a global consensus on combating climate change, fossil fuel subsidies persist as a major hurdle for governments. By making fossil fuels cheaper, these subsidies encourage their continued use, ultimately undermining global climate objectives. Global Scope of Fossil Fuel Subsidies OECD Estimates: Approximately $1.5 trillion annually (2022). IMF …
Read More »India’s Position on RCEP and Evolving Trade Policy
Context: The CEO of Niti Aayog recently suggested that India should reconsider its decision not to join the Regional Comprehensive Economic Partnership (RCEP), especially in light of changing global trade dynamics and new opportunities. Background: In 2019, India decided not to join the RCEP, a trade agreement covering 30% of …
Read More »Net Borrowing Ceiling on States by Centre
Context: Kerala has raised a challenge against the Centre’s imposition of a Net Borrowing Ceiling (NBC) in the Supreme Court, arguing that it infringes on fiscal independence and state sovereignty. The Court will examine whether the Centre’s borrowing limits potentially conflict with federal principles and the fiscal autonomy of States, …
Read More »GDP as a Measure of Economic Performance
Gross Domestic Product (GDP) represents the total monetary value of all goods and services produced within a country’s borders over a specified period. While it is widely used as an indicator of economic performance, it has significant limitations in assessing overall well-being and environmental health. Criticisms of GDP as an …
Read More »Ayushman Vaya Vandana Card
Context (TH|DDN): The Prime Minister has introduced the Ayushman Vaya Vandana Card as part of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). Coverage: Provides an annual health cover of ₹5 lakh per family specifically targeting elderly individuals aged 70 years and above. If multiple elderly members are …
Read More »Reduced Spending by Middle-Income Households in India
Context (IE | ET): Leaders in the fast-moving consumer goods (FMCG) sector have raised concerns over declining consumer demand among urban middle-income households. Reasons for Reduced Spending High Food Inflation & Essential Service Costs: Rising costs in areas like food, healthcare, and education have reduced disposable income, cutting into discretionary …
Read More »Demographic Shift and India
Context: India’s elderly population (those aged 60 and above) is expanding rapidly. In 2023, there are 149 million elderly individuals, making up 10.5% of the total population. By 2050, this figure is projected to reach 347 million, or 20.8% of the population. Challenges of an Ageing Population Increasing Dependency Ratio: …
Read More »Addressing Rising Income Inequality
Context: Income inequality remains a critical global challenge, requiring comprehensive solutions. To achieve greater equity, there is a need to shift from the traditional “economies of scope and scale” to an “economy of purpose.” Key Strategies to Combat Income Inequality Implementing Progressive Taxation: Progressive tax systems are essential for redistributing …
Read More »Unemployment
Unemployment is defined as the condition of being without a job despite actively seeking employment and possessing the necessary qualifications, skills, and willingness to work. Types of Unemployment Frictional Unemployment: Temporary joblessness when individuals are between jobs or changing careers. Structural Unemployment: Occurs due to a mismatch between job seekers’ …
Read More »NPS Scheme for informal sector workers
Concept The article examines critical reforms in NPS Lite aimed at including the informal sector in the National Pension Scheme. This is significant as workers in this sector typically lack access to benefits like provident funds or gratuity. National Pension System-Lite (NPS-Lite) Launched by the Pension Fund Regulatory and Development …
Read More »Sustainable Development in the Indian Himalayan Region
GS-3: Key Environmental Concerns in the Indian Himalayan Region, Recent Supreme Court Judgments Support Environmental Conservation Efforts, The Indian Himalayan Region (IHR) is widely recognized as India’s “water tower” and a vital provider of essential ecosystem goods and services. Despite this critical understanding, there remains a significant disconnect between the …
Read More »National Monetisation Pipeline (NMP)
Unlocking Value in Infrastructure The NMP is a government initiative launched in the 2021-22 Union Budget to leverage private sector expertise for infrastructure development. It focuses on monetizing core government assets (roads, railways, power) through partnerships, not privatization (ownership transfer). Goals and Benefits: Generate Rs 6 lakh crore over four …
Read More »Vadhavan Port Project and India’s Maritime Infrastructure
Context: The Union Cabinet recently approved the development of the Vadhavan Port, a major greenfield deep-draft port project in Maharashtra. This ambitious project, estimated to cost ₹76,200 crore, is poised to significantly enhance India’s maritime infrastructure. Project Details: Implementation: The port will be constructed by Vadhavan Port Project Limited (VPPL), …
Read More »Reserve Bank of India (RBI) Surplus Transfer: A Boon or Bane?
Reserve Bank of India Surplus Transfer: A Boon or Bane? GS3 :Reserve Bank Of India (RBI), Income and Expenditure of Central Bank, RBI Surplus Transfer To Government, Sources and Uses of RBI Surplus, Significance of RBI’s Surplus Transfer The Reserve Bank of India’s (RBI) recent announcement of a record-breaking ₹2.11 …
Read More »Indo-Pacific Economic Framework (IPEF)
Introduction The Indo-Pacific Economic Framework for Prosperity (IPEF) is a strategic economic initiative launched by the United States in May 2022. It aims to strengthen economic ties among member countries in the Indo-Pacific region, fostering resilience, sustainability, and shared prosperity. This framework holds significance for regional economies, including India, offering …
Read More »National Mission on Edible Oils-Oil Palm (NMEO-OP)
Introduction The National Mission on Edible Oils-Oil Palm (NMEO-OP) is a flagship initiative launched by the Government of India (GoI) in 2021 to address India’s heavy dependence on edible oil imports. This mission aims to significantly increase domestic oil palm production, a key source of edible oil, and reduce import …
Read More »Green Bond
Concept Green bonds have emerged as a financial instrument aimed at channeling investments into environmentally sustainable projects. As the world grapples with climate change and environmental degradation, green bonds offer a mechanism to finance initiatives that mitigate environmental impact and promote sustainability. Definition of Green Bonds: Green bonds are debt …
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