Economic growth with Labour rights

Context : India has an income crisis- incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Details : Free market as a solution: It is suggested

Monetary policy review

Context:  In each of the last three quarters, average inflation has not only exceeded the target, but has persisted above the upper tolerance limit set by the Centre. The Reserve Bank of India’s (RBI) MPC was given the target of keeping inflation at 4% +/- 2%. This meant that inflation should be between 2% and

Kawasaki Disease

Context : Children in the world over have shown to be affected by either Kawasaki Disease (KD) since the reopening of schools. Kawasaki disease comes on fast, and symptoms show up in phases. Signs of the first phase of Kawasaki disease include: High fever that lasts more than 5 days Swelling and redness in hands

Maharani Jindan Kaur

Context : Maharani Jindan Kaur, the last wife of Maharaja Ranjit Singh, is in news for the auction of some of her jewellery in London Details : She was the youngest wife of Ranjit Singh, founder of the Sikh empire, whose boundaries stretched from Kabul to Kashmir and the borders of Delhi. She was also

Malabar Exercise

Context : Phase 1 of the Malabar Naval Exercise has begun with the participation of Australian navy for the first time since 2007. Details : It is a multilateral naval exercise that includes simulated war games and combat manoeuvres. It started in 1992 as a bilateral exercise between the Indian and US navies. Japan joined

General Consent

Context : Kerala has decided to withdraw the general consent accorded to the Central Bureau of Investigation (CBI) to operate in the state voluntarily. Details : Origins of CBI can be traced back to the Special Police Establishment (SPE) set up in 1941 in order to cases of bribery and corruption in War & Supply

National Monsoon Mission

Recently, the National Council of Applied Economic Research (NCAER) has evaluated the economic benefits of the National Monsoon Mission (NMM). Established in 1956, NCAER is India’s oldest and largest independent, non-profit, economic policy research institute, based in New Delhi. Key Points The study spanned across 173 rain-fed districts in 16 states which appropriately represented agro-climatic zones, rain-fed areas, coverage of major crops, and incidence of extreme weather events in the

Purchasing Managers’ Index

The services sector has PMI has signalled first expansion since February this year. PMI is an indicator of business activity — both in the manufacturing and services sectors. It is a survey-based measure that asks the respondents about changes in their perception of some key business variables from the month before. It is calculated separately

Fortified Rice

In a bid to combat chronic anaemia and undernutrition, the government is making plans to distribute fortified rice through the Integrated Child Development Services and Mid-Day Meal schemes across the country from next year, with a special focus on 112 aspirational districts. Fortified rice are contains Vitamin A, Vitamin B1, Vitamin B12, Folic Acid, Iron and Zinc. Children in anganwadis

Problems of Sugar Industry

The sugar industry has reacted strongly to Union Commerce and Industry Minister Piyush Goyal’s announcement that the central government is not considering an extension of its export subsidy for the 2020-21 sugar season. The industry has warned of a ‘vertical collapse’ in the sector due to excessive stock, whose ramification can be felt in the

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