Economy

the-great-resignation

THE GREAT RESIGNATION

CONTEXT In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic. However, one year later, as the workforce experienced a collective burnout, individuals left their jobs at unprecedented rates, leading some to describe the phenomenon as the Great Resignation. WHAT IS GREAT RESIGNATION? With gradual... .Read more

Updated on 20 January, 2022 GS3 Economy

skilling-for-future

SKILLING FOR FUTURE

CONTEXT Just as the economy emerges from the second wave of Covid-19, it faces the dangers of the new variant, Omicron. In addition to strained infrastructure and workforces, one of the major economic disruptions caused by the pandemic is long-term job losses. DATA At present, 55.8% of Indian population is in working age group of 20-59 years whic... .Read more

Updated on 18 January, 2022 GS3 Economy

taxation-of-cryptocurrencies

TAXATION OF CRYPTOCURRENCIES

CONTEXT Cryptocurrencies continue to proliferate notwithstanding the eventual introduction of the Cryptocurrency and Regulation of Official Digital Currency Bill in Parliament. CURRENT SITUATION  Generation of tax revenue and associated challenges:About 10 croreIndians have already made investments exceeding a total of 10 million in crypto c... .Read more

Updated on 17 January, 2022 GS3 Economy

india-to-become-second-largest-economy

INDIA TO BECOME SECOND LARGEST ECONOMY

CONTEXT According to the IHS Markit Report, India is likely to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world's No 3.India's nominal GDP measured in USD terms is forecast to rise from $2.7 trillion in 2021 to $8.4 trillion by 2030 RECHARGING ECONO... .Read more

Updated on 10 January, 2022 GS3 Economy

direct-to-consumer-models

DIRECT TO CONSUMER MODELS

CONTEXT After seven years on the drawing board (the first inter-ministerial committee on this sat in 2014), the Centre has finally notified rules for direct selling under the Consumer Protection Act.  ABOUT THE NEW RULES The idea is to curb fraudsters and Ponzi schemes, the guidelines have implications for all consumer firms using the direct... .Read more

Updated on 8 January, 2022 GS3 Economy

ipo-rules-by-sebi

IPO RULES BY SEBI

CONTEXT The securities and exchange Board of India (SEBI) has come out with fresh rules for initial public offerings (IPOs). ABOUT THE NEW RULES The new rules would oversee how companies price their shares, use the money received from investors, how much stake of promoters can be sold during an IPO and when anchor investors can sell the state... .Read more

Updated on 5 January, 2022 GS3 Economy