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Economy

21st November – Trade Agreements

Why trade deals are the next logical step ]Reacting to the Regional Comprehensive Economic Partnership (RCEP) agreement signed by 15 Asia-Pacific countries, India’s External Affairs Minister, S Jaishankar, gave a scathing assessment of trade agreements. “In the name of openness we have allowed subsidised products and unfair production advantages from abroad to prevail,” he said, …

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19th November – Asian Drama

Shifting sands for Asian economies Discussions on the post-pandemic global economy have often predicted that China’s appeal as a business destination would fade, losing favour as the global manufacturing hub. Arguments have been made that production would be dispersed to other appealing locations mostly in Asia, and even to those outside. It was expected that …

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17th November – Trade Unions

A recipe to tear down trade unions Labour law ‘reform’ has been on the table since 1991 as every government’s favourite solution for economic growth. Yet, there was no consensus between governments, political parties, workers and their trade unions, and employers, on what this meant. Trade Unions – Historical Background – Trade unions first emerged …

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11th November – Purchasing Managers’ Index

Purchasing Managers’ Index With India’s PMI for manufacturing, at 58.9 in October, recording the strongest growth in 13 years, and that for services expanding for the first time in eight months, there is a spring in policymakers’ step. They would like to point out that their fiscal and monetary responses for COVID times are yielding …

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29th October – Co-firing of coal plants

Ready to swap? Worldwide, pressure is mounting to close coal-fired power plants that are old, inefficient and spew more carbon emissions. Yet, in June this year when the Punjab government decided to dismantle its 43-year-old Guru Nanak Dev (GND) thermal plant at Bathinda and sell the land, it raised quite a few eyebrows, expectedly. What …

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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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26th October – Solar Energy in India

The emerging solar landscape in India Solar energy is considered as the most abundant energy resource on this planet. The basic science behind the creation of solar energy is that the Hydrogen atoms in the Sun’s core combine to form Helium which generates energy through the process of nuclear fusion. Then it can be trapped and used as a renewable energy source which is very helpful for society …

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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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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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