U.S. averts first-ever default with the 11th-hour debt deal Context: Four days before the Treasury Department’s deadline, U.S. senators voted to suspend the federal debt ceiling on Thursday, bringing to a conclusion weeks of difficult discussions to do away with the risk of a calamitous […]
At The Root Of India’s Manufacturing Challenge Context: The necessity for a manufacturing ecosystem, encompassing education, training, and infrastructure, was disregarded in 1991 when the trade and industrial policy regime was revised. Economic Reforms of 1991 In response to a severe economic crisis, the Indian […]
Why Are Financial Regulators Transitioning From LIBOR? Context: The RBI reported on May 12 that several banks and financial institutions had not yet enabled a complete move away from the benchmark London Interbank Offered Rate (LIBOR). A global benchmark interest rate known as LIBOR combines […]
The Troubles Of India’s Aviation Industry Context: On May 8, the airline was ordered by the Directorate General of Civil Aviation (DGCA) to immediately stop selling tickets. For failing to “continue the operation of the service in a safe, efficient, and reliable manner,” the DGCA […]
Loophole Enables Oil Imports Context: The Centre for Research on Energy and Clean Air has released a data-driven study that reveals a loophole that allows the European Union (EU), the majority of G7 nations, and Australia to obtain oil from Russia indirectly via India and […]
Not By ‘Vande Bharat’ Alone Context: There is a cruel irony in the fact that most of the news about Indian Railways today is about Vande Bharat trains, and more specifically, that every new Vande Bharat train is personally signed off by the Prime Minister. […]
Power of Microfinance: PM on Criticism of MUDRA Scheme Context: Prime Minister Narendra Modi said on Thursday that those who facilitated loans for big corporate houses by calling up banks were making fun of MUDRA, the microfinance scheme of the government. Points to Ponder: Prime […]
What is ‘Dabba trading’ and how does it affect the economy? Context: The National Stock Exchange (NSE) has issued a series of notices naming firms implicated in ‘dabba trading’ in the last week. The exchange warned ordinary investors not to subscribe (or invest) in any […]
16th Finance Panel Will Be Constituted In November Context: The Union government is gearing up to convene the Sixteenth Finance Commission in November this year to recommend the formula for sharing revenues between the Centre and the States for the five-year term beginning 2026-27 Points […]