Economy

Privatisation of Indian Railways

7th July – Privatisation of Indian Railways

Privatisation of Indian Railways Indian Railways has launched the process of opening up train operations to private entities (partial privatisation) on 109 origin destination (OD) pairs of routes using 151 modern trains. It has invited Request for Qualifications proposals, for scrutiny of vendor capabilities, from those who can bring modern trains for operations on existing …

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Trade

2nd July – Digitising trade

Making trade more digitised India’s exports in April 2020 contracted by 60% year-on-year. There was a 37% fall in the twenty-foot equivalent units handled by the Jawaharlal Nehru Port in April 2020 as compared to April 2019. The steep decline in world trade lays bare the significance of a more digitised trading environment, with minimal …

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Coal Mine Auctions

24th June – Coal Mine Auctions

Coal Mine Auctions Recently, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announcements made by the Centre under the Atmanirbhar Bharat Abhiyan, was already proposed in January through the Mineral Laws (Amendment) Ordinance, 2020. What is coal mine auctions? These auctions …

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Immunity Passports

20th June – Immunity Passports

Immunity Passports In a recent article, Paul Romer suggested that as nations come out of lockdown, they should be adopting an “identify and isolate” strategy. To do this, they need to dramatically increase the volume of their testing. Doing more tests – His recommendation for the US is that everyone should be tested once every …

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Privatisation

13th June – Privatisation of PSBs

Privatisation is not a panacea for PSBs If news reports are to be believed, the government is likely to designate banking as a strategic sector under the new privatisation policy. This will allow the government to own a maximum of four public sector banks (PSBs), and thus, some PSBs which have not been included in …

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Free power for farmers

5th June – Free power for farmers

Time to discontinue free power for farmers The Union Government is attempting to do away with the much-abused scheme of free power for farmers by prescribing that it should be replaced with the direct benefits transfer (DBT) as a condition to allow States to increase their borrowing limit. What is planned? For the first time …

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Space start-ups

4th June – Space start-ups

Space start-ups need more government nurturing, resources Recently, Finance Minister Nirmala Sitharaman announced a ground-breaking initiative by opening up space and atomic energy to private players, referring to them as “fellow travellers”. Also, recently, history was created by SpaceX (one of the famous space start-ups) when NASA astronauts were launched into orbit by the first-ever …

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DTIS

3rd June – Defence Testing Infrastructure Scheme

Defence Testing Infrastructure Scheme (DTIS) On 30th April 2020, the Prime Minister held a meeting with various stakeholders to discuss ways to boost the Defence and Aerospace Sector. Within a fortnight of this important meeting, the Defence Minister launched the Defence Testing Infrastructure Scheme (DTIS) at an investment of Rs 400 crores. What is DTIS? …

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Self-reliant India

28th May – How India can become self-reliant?

How India can become self-reliant? Addressing the nation on the COVID-19 pandemic, Prime Minister Narendra Modi emphasised the necessity of a self-reliant India. A missed opportunity – Self-reliance in state-run heavy industries and strategic sectors in the decades following independence had placed India ahead of most developing countries. In the 1970s and 80s, however, India …

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Aatmnirbhar Bharat Fiscal Package

27th May – Aatmnirbhar Fiscal Stimulus Package

A well-balanced fiscal stimulus package Cognisant of its constraints and compulsions, the government of India has adopted a twin mantra for shaping its stimulus package, rolled out in five phases plus one earlier phase. Objective of the fiscal package- The first strand has been to first ensure that the human cost of the COVID-19 crisis …

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