Edits & Columns

Energising Employment: Renewable energy sector created 11 million jobs in 2018

Asia accounts for 60% of the total global employment generated, with China generating the highest—around 39% of the total global employment.

The report says that 32% of the new jobs because of renewables growth went to women. News

Reinterpreting GDP growth: Is it possible that no one knew about over-estimation?

GDP revisions undergo revisions, around the world, of 10-50 basis points, but a revision of 250 bp, annually, is unheard of

The second point relates to GDP revisions involved with the base-year change from 2004-5 to 2011-12. News

India and WTO: Immediate removal of export subsidies would hurt country

Immediate removal of export subsidies would hurt India, eight-year phase out period under special and differential flexibilities must stay

India’s textile exports crossed the 3.25% mark in 2010 News

Where are the jobs? Explained through graphs

The Periodic Labour Force Survey conducted by the NSSO shows that, of India’s labour force of 487 million, about 458 million are gainfully employed—i.e. 29 million of the labour force is unemploye

A host of factors are likely responsible, from improved rural infrastructure to availability of credit. News

US-China relations: After tariffs and Huawei, will Hong Kong be the next flashpoint?

Pro-democracy activists in Hong Kong say that the US Congress should reconsider the Hong Kong Human Rights and Democracy Act. They also hope that the US-Hong Kong Policy Act of 1992 is re-evaluated, w

Hong Kong’s critics fear this will erode Hong Kong’s judicial independence, and fear China’s opaque legal system and capital punishment. (Illustration: Rohnit phore) News

Derivatives no different from an axe or matchstick – depends on how we use it

Having a big domestic market for derivatives furthers the goal of an international financial hub. Liquidity brings more liquidity.

No single derivative type might suit every business and every requirement, just as a single pre-determined strategy would not serve every military situation (Illustration: rohnit phore) News

How resource overuse has now put us on the brink of collapse in many sectors

The policy requires full assessment of all measures proposed to improve efficiency, to ensure that their social and environmental impacts are also net positive.

Inputs to it, through the forthcoming phase of public consultation, must lead to it formalising systemic approaches such as adoption of circular economy practices News

Elections 2019: Drifting of Jatav SC shows Mayawati’s BSP losing its core votebank

Its failure to win in Jatav SC-dominated constituencies proves that BSP no longer holds SC votes.

This was an inflection point, after which non-Jatav SCs gradually drifted away from voting only for BSP to also choosing national parties. News

NEET 2019 shows after a certain level quota is becoming irrelevant

Some have argued that the such a large chunk of reserved category candidates clearing the general category cut-off gives lie to the merit argument used to criticise the reservation policy.

Amongst the successful reserved category candidates, 80% cleared the general category cut-off (Representational image) News

Aadhaar Act: eKYC for banks, mobiles good, now fintechs must also comply

In the event, Aadhaar authentication was to be used only for availing government subsidies, but it couldn’t be used for compulsorily linking with bank accounts or as a KYC for getting a mobile phone

The government has now approved an amendment to the Aadhaar Bill that allows voluntary use of Aadhaar for banks and mobile phones News

Why Bihar’s new law to punish children for abandoning elderly parent won’t work

The Bihar government will do well to understand that punitive action for abandonment is not going to solve the problem

Bihar CM Nitish Kumar News

GDP estimation: System not perfect, but it’s better than one based on annual surveys

The working paper mentions the National Statistical Commission (NSC). The seeds of NSC were sown by the C. Rangarajan Commission in September 2001. Many people may have forgotten what this report said

What happened in January 2015 was more than a base year change from 2004-05 to 2011-12. There was a switch from GDP at factor cost to GVA News

How this model can significantly reduce risk of companies by identifying rupee’s behaviour in advance

On balance, the model produces significant savings in cost with contained risk; importantly, it can also enable companies to increase their tenor of risk identification

Digging deeper into the averages, we found that on a 6-month basis, the ` fell less than the premium (including appreciating significantly many times) as often as 58% of the time News

IL&FS case: Govt gets tough with auditors, at last

It is not just auditors & raters that got it wrong in IL&FS, so did RBI and other regulators. Govt needs to fix its rules and there has been little or no action on reports of siphoning funds by using

PWC is the latest to resign, as an auditor of Reliance Capital and Reliance Home Finance. News

Effective grievance redressal body in healthcare system need of the hour

Although the proposed National Medical Commission Bill, which creates a body to replace the MCI, has several progressive clauses on regulation of malpractice and misconduct by hospitals, it is still h

A 2016 Parliamentary Committee report notes that just 109 doctors had been indicted by the MCI’s Ethics Committee between 1963-2009 News

Grounding the Maharaja: How UPA clipped Air India’s wings

Acquisition of more aircraft than required, a badly planned merger, and massive increase in bilateral air traffic rights to Gulf nations took Air India to the ICU.

According to a 2011 India Today report, it is clear that Air India’s financial problems began in 2004 News

Oil’s next generation deflationary force: Countries that rely big on oil, gas taxes will find it hard to loosen up

Those countries that rely heaviest on oil and gas taxes will, of course, find it hard to loosen up. Equally, though, they will ultimately confront the prospect of rival producers taking a bigger share

U.K. slashed tax rates in 2016 in a bid to stem the slide in oil and gas production News

The great Huawei conundrum – Why India can’t afford to fall behind in 5G technology on speculative fears

Experts claim that there is little to suggest that Huawei's network hardware and phones are any more or any less vulnerable to attacks compared to the competitors' offerings. For India, it might be un

The year 2016 was a watershed one as far as cyberattacks go, with some of the most high-profile attacks occurring within six months (Cisco). (Illustration: rohnit phore) News

Why there’s need to dovetail climate change adaptation policies with customised climate-risk products

United Nations Environment Programme reported that climate change adaptation costs could range between $140 bn and $300 bn per year by 2030, and between $280 bn and $500 bn per year by 2050.

There is a need to dovetail climate change adaptation policies with customised climate-risk products (Representational image) News

GSP move: India must take US to the WTO

The government of India has indicated that the fiscal impact of this withdrawal, which would impact approximately $5.6 billion of India’s exports, is not significant.

GSP is a voluntary exercise of preferential market access that developed countries have the discretion to provide. News

Budget 2019: Tax on banking cash transactions to be re-introduced? Why it’s a bad idea!

Union Budget 2019 India: The government is reportedly considering bringing back a banking cash transaction tax (BCTT), of the type introduced in 2005 when P Chidambaram was the finance minister.

The fact that there was no stunning increase in tax buoyancy after Chidambaram’s cash tax suggests it wasn’t very successful News

Modi’s govt’s move to fire corrupt tax officials signals that performance matters

The Union government forcing 12 senior tax officials to retire because of misconduct and inefficiency is a step towards clean and effective bureaucracy.

Indeed, one of the 12, a top-ranking official, had allegedly acquired Rs 12 crore of unaccounted-for assets and had remained suspended from 1999 to 2014. (Representational image) News

Understanding India’s middle-income trap

Even if one uses this relative notion, the case of a middle income trap existing is not proven. Does that mean there are no issues with the Indian economy? Certainly not

For the sake of sheer perversity, just before 1991 reforms, there were roughly 20 rupees to a dollar and right now, there are roughly 70 rupees to a dollar. News

How India can be a skilled nation by 2030 and why it is important

There is need for skilling, reskilling and upskilling of persons to participate in the global knowledge economy driven by emerging technologies like artificial intelligence and data analytics.

Opinion News

How Modi govt is planning to fully digitise payments through Jan Dhan, DBT and RuPay cards

Payments to and from the government can be fully digitised in a two-year timeline with the spread of Jan Dhan, DBT & RuPay cards

The Modi government's focus on Digital India was not just about digitising the system of governance News

Explained: India’s banking woes is because of poor people management

Post bank nationalisation, hiring of personnel was done through banking service recruitment boards (BSRBs), which brought in a national cadre of competent people.

The system of promotion and career progression in government banks is good only in theory. News

NPA crisis: Why RBI’s new framework on bad loans is interesting

It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in a very innovative way.

The replacement of RBI February 12, 2018 circular on insolvency was long awaited and the new guidelines released on June 7, 2019 are interesting. News
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