Daily Indepth Articles

A tax burden that attacks the federal rights of States

Context: Recently, the Government reduced excise duty on petrol and diesel. The Finance Ministry said the reduction “will come as a boost to the farmers during the upcoming Rabi season”. People in Opposition-ruled States held protests demanding that these Governments decrease Value Added Tax on petrol and diesel. The Centre has been... .Read more

Updated on 12 November, 2021 GS3 Economy

India’s Glasgow announcement

Context: India will achieve net-zero emissions by 2070, Prime Minister said in CoP Glasgow. He was speaking at the ‘High Level Segment for Heads of State and Government’ during the UNFCCC’s 26th Conference of Parties (COP). India also raised the Nationally Determined Contribution (NDC) of achieving 450 gigawatt non-fossil energy capac... .Read more

Updated on 12 November, 2021 GS3 Environment

Why a bad bank needs a sunset clause

Context: Recently, the Reserve Bank of India gave license to National Asset Reconstruction Company Limited (NARCL), popularly known as a bad bank. A bad bank A bad bank buys the bad loans and other illiquid holdings of other banks and financial institutions, which clears their balance sheet. A bad loan or a bad debt is ... .Read more

Updated on 11 November, 2021 GS3 Economy

Chennai Floods

Context: Tamil Nadu is suffering the fury of the northeast monsoon with heavy floods forcing a near shutdown in Chennai. At least four people have died in the city after rainwater inundated large parts of the residential areas and commercial hubs. It is due to the low pressure formation in the Bay of Bengal, which caused the heavy downpou... .Read more

Updated on 11 November, 2021 GS3 Disaster Management

India needs to sign up for life-course immunisation

Context: The COVID-19 vaccines are the first vaccines which have been recommended for all adults, who have been given priority over children. Following the outbreaks of Japanese Encephalitis (JE) in 2005-06, India had conducted mass scale JE vaccination in the endemic districts, which included the adult age group. Then, there had been a l... .Read more

Updated on 10 November, 2021 GS2 Health and Family wellfare

Corporate bond market in India

Context: In its recent research report, Morgan Stanley predicted that India will be included in global bond indices in early 2022 and this will lead to huge foreign inflows in the Indian onshore corporate bond market in the medium-to-long term. Foreign ownership of Indian government bonds (IGBs) has been declining but 2022 will be the turning point tha... .Read more

Updated on 10 November, 2021 GS3 Economy