GS-III: Indian Economy & Development

National Anti-profiteering Authority (NAA)

November 17, 2017

On November 16, 2017, the Union Cabinet approved for the creation of posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST. What is Profiteering? Profiteering refers to making unfair profits by whatever means including unethical and illegal means such as manipulating prices during shortage,...


Global Financial Development Report -2017-18

November 16, 2017

Global Financial Development Report is a series of annual reports by world bank on key developments in financial world. The latest in the series “Global Financial Development Report 2017-18: Bankers without Borders” was released in the second week of November 2017. They key takeaways from this report for your...


Ease of Business Ranking- 2018

November 1, 2017

India has jumped in the World Bank’s “Ease of Doing Business” index from 146 in 2014 to 100 in October, 2017. What is Ease of Doing Business Index? This index developed by World Bank on the basis of 10 parameters or 10 sub-indices. These include: Starting a business– Procedures,...


Recapitalisation of Banks

October 22, 2017

The Government of India recently announced recapitalisation for the banks going under bad loan problem. Finance Minister, Arun Jaitley has stated that Rs. 2.11 lakh cores shall be infused in those banks which are facing the problem of bad loan for over a period of two years. This step...


Uday Kotak Committee Recommendations

October 18, 2017

Uday Kotak Committee on Corporate Governance was set up in June, 2017 by SEBI to suggest measures on enhancing the standards of governance of listed companies in India. This committee also had members from government, industry, professional bodies, stock exchanges, academics, lawyers etc. Some of the important areas on...


Financial Resolution and Deposit Insurance Bill, 2017

October 16, 2017

In October, 2017, the Financial Resolution and Deposit Insurance Bill 2017 has been referred to a Joint Parliamentary Committee of 30 members from both the Houses. This bill, once becoming a law, would repeals the Deposit Insurance and Credit Guarantee Corporation Act, 1962 to transfer the deposit insurance powers...


India’s Forex Reserves and United States’ Concerns

October 16, 2017

In recent months, India’s total Forex reserves are hovering around USD 400 Billion and India is at sixth position in terms of Forex reserves. In the second week of October, the US treasury said that it would closely monitor the RBI’s policies as there is an increased scale and...


Reduction in Interconnection Usage Charge (IUC)

September 30, 2017

The telecom sector in India is in doldrums in recent times. A new issue recently emerged when the telecom regulator TRAI revised the Interconnection Usage Charge (IUC) and brought them down from 14 paise per minute to 6 paise per minute from October 1, 2017. Understanding IUC Interconnection means...


Q+A: Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya)

September 27, 2017

“Saubhagya” is a central government initiative to provide electricity connections to the remaining un-electrified houses both in rural as well as in urban areas, to achieve universal electrification in the country. The households in remote and inaccessible areas, where grid lines extention is not feasible, solar power pack and...


Background: Narmada Bachao Andolan and Sardar Sarovar Dam

September 19, 2017

Fifty-six years after the foundation stone was laid, the Sardar Sarovar Dam project in Narmada district’s Kevadia has been inaugurated by Prime Minister Narendra Modi on September 17. The dam was dedicated to the nation by opening the 30 gates installed in it. On June 17, these gates were closed...