Economy

employment-in-india

Employment in India

The News: Using the NSSO data, a new study shows that between 2004 and 2017, employment grew at less than half the rate of population growth; number of women and young people in jobs fell; rural employment stagnated. Key-Highlights of the Study: About the survey: The study instead of focusing on unemployment, it focuses only on the “employment” dat... .Read more

Updated on 30 October, 2019 GS3 Economy

the-new-gold-standards-in-development-economics

The new gold standards in Development Economics

With RCT becoming a dominant factor, randomized could be changing the paradigm of the social sciences. Three randomized, Abhijit Banerjee, Esther Duflo, and Michael Kremer, were awarded the Nobel Prize for Economics for their RCT- based studies on poverty worldwide. Randomistas:  Randomistas are proponents of RCT to assess long-run economic productivity and... .Read more

Updated on 30 October, 2019 GS3 Economy

cci-to-probe-commercial-deal-between-makemytrip-oyo-gs3-economy

CCI to probe commercial deal between MakeMyTrip, Oyo (GS3-Economy)

News:  The Competition Commission of India (CCI) is investigating if the contractual relationship between SoftBank-backed Oyo Hotels & Homes and online travel agency MakeMyTrip-Goibibo, as part of an arrangement announced in February 2018, may have an adverse effect on competition in the market.  The competition watchdog will also check if MakeMyTr... .Read more

Updated on 30 October, 2019 GS3 Economy

a-time-bound-mechanism-to-transition-to-a-clearer-land-titling-system

A time bound mechanism to transition to a clearer land titling system

News: The Indian macroeconomic slowdown is perceived as being structural in nature. One of the key suggestions being made is that India needs to carry out factor market reforms, including those of land markets. Indian land titling system The Indian land titling system is currently based on presumptive titles. It is well-recognized now that we need to move to... .Read more

Updated on 30 October, 2019 GS3 Economy

surjit-bhalla-committee

Surjit Bhalla Committee

The News: A high-level advisory group (HLAG) on trade and policy has recommended a simpler regulatory and tax framework for overseas investment funds Key-Recommendations: The group has recommended for simpler regulatory and tax framework for overseas investment funds. This will allow individual investment from abroad in Indian debt and capita... .Read more

Updated on 30 October, 2019 GS3 Economy

drug-price-control-framework

Drug Price Control Framework

The News: Recently, the government claimed that certain anticancer medicines are 90% cheaper due to price control. As a result, the maximum retail prices of around 526 brands of cancer drugs has fallen by up to 90%. About the Issue: In March 2019, the National Pharmaceutical Pricing Authority (NPPA) capped trade margins of 42 cancer drugs at 30%. In... .Read more

Updated on 30 October, 2019 GS2 GS3 Economy Health and Family wellfare