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Governance

27th October – SVAMITVA Scheme

SVAMITVA Scheme In a historic move set to transform rural India and empower millions of Indians, Prime Minister Shri Narendra Modi has launched the physical distribution of Property Cards under the SVAMITVA Scheme. What is ‘SVAMITVA Scheme’? SVAMITVA is a Central Sector Scheme of the Ministry of Panchayati Raj, which was launched by the Prime …

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24th October – Promotion of nutri-cereals

Promotion of nutri-cereals During the recent speech on ‘World Food Day’, Prime Minister made focus on the production of millets, also now known as “nutri-cereals”. Giving examples of nutri-cereals like jowar, bajra and ragi, PM Modi also shared how the Food and Agriculture Organisation (FAO) has endorsed India’s call for declaring 2023 as the “International …

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23rd October – Digital Payments

Digital payments Digital payments have found strong ground, especially in India, increasingly relegating all other modes of payments to the background. It is through a faster system of simultaneous debits and credits that the money value is transferred from one account to the other across banks. With such versatility and ease of settling financial transactions, …

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22nd October – Defence Offsets

Defence Offset Policy Recently, the government diluted the “offset” policy in defence procurement. Many contend that the move is a setback for augmenting domestic capabilities or for realising the goal of Atmanirbhar Bharat. Offset clause – Large buyers of defence equipment and advanced technologies such as India seek to exercise their “buying power” to secure …

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19th October – Taxing agricultural income

Taxing agricultural income In a white paper on black money released in May 2012, the Central Board of Direct Taxes admitted that: Giving credit to agricultural income for income-tax purposes without verification of claim allows an avenue for bringing black money into the financial system as agricultural income. In 2014, the Tax Administration Reforms Commission …

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17th October – STARS Project

STARS Project How badly India needs to fix the fundamentals of school education is evident from the fact that, while college-admission cut-offs have reached absurdly high levels, learning levels in government-run schools have been declining since 2008, as per ASER. Need to focus on school education – Pedagogy in the country needs to be drastically …

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13th October – Minimum Support Price (MSP)

MSP in the age of surplus MSP (Minimum Support Prices) regime was the creation of the era of scarcity in the mid-1960s. Indian agriculture has, since then, turned the corner from scarcity to surplus. The policy instruments of dealing with shortages are different from those dealing with surpluses. In a surplus economy, unless we allow …

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10th October – Natural Gas Market Reforms

Natural Gas Market Reforms Petroleum Minister Dharmendra Pradhan has announced the ‘natural gas marketing reforms’ that the Cabinet Committee on Economic Affairs cleared recently. These reforms just reinforces how twisted India’s policies are, how reforms are mostly made in a piecemeal manner; that, of course, is the main reason why they don’t deliver as much …

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9th October – Artificial Intelligence

Artificial Intelligence systems built in India The RAISE 2020 summit (Responsible AI for Social Empowerment) has brought issues around artificial intelligence (AI) to the centre of policy discussions. Countries across the world are making efforts to be part of the AI-led digital economy, which is estimated to contribute around $15.7 trillion to the global economy …

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6th October – Insolvency and Bankruptcy Code

Transforming business and the insolvency system The Insolvency and Bankruptcy Code, along with the Goods and Services Tax regime, among other key reforms, have helped in significantly improving the ease of doing business in India and enabling it to emerge as a ‘Make for World’ platform. These reforms have led to a surge in Foreign …

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