The third tranche of economic measures made significant hints towards contract farming and related policy initiatives. After various state governments taking various steps related to agricultural marketing, the central government has brought an ordinance on contract farming making it legal to sell farm produce beyond traditional APMCs and undergo contract farming.
Electricity is one of the most critical components of infrastructure which is essential for sustained growth of the Indian economy and welfare of the nation. Ministry of Power, in an attempt to further develop the power sector, has issued a draft proposal for amendment of the Electricity Act, 2003 in the form of the draft Electricity Act (Amendment) Bill. This is the fourth draft since 2014.
According to a new article in Nature Climate Change, more than a third of all deaths between 1991 and 2018 in which heat played a role were attributable to human-induced global warming. Overall, the estimates show that 37% of all heat-related deaths in the recent summer periods were attributable to the warming of the planet due to anthropogenic activities. Similarly, the recent incident of a rare late frost in April on some of France’s best-known and most prestigious wine-producing regions considered to be an agricultural catastrophe can be attributed to global warming. Such events are not isolated weather catastrophes but they are a warning of the climate change that is taking place continuously. Climate change is causing more frequent and intense weather events according to a report by the Internal Displacement Monitoring Centre. Rising extreme weather events like tropical cyclones and others in India and other parts of the world are pointing to the looming crisis that climate change is making the world face. It is a crucial time that world leaders pay heed to and take effective measures to combat climate change as early as possible.
On February 7th, 2020, with regards to Mukesh Kumar Vs the State of Uttarakhand case, the Supreme Court ruled that states are not legally bound to provide reservations to Scheduled Castes and Scheduled Tribes in government jobs. The apex court had stated that individuals do not have the fundamental rights to claim reservations in the promotions. This is based on the provisions of the Indian constitution. This recent judgement is not new. The top court had pointed out the fact that reservations are not fundamental rights in several judgements in the past.
Many foreign investors have pulled out of China in response to the tensions arising from the Trade War. This was made use of by countries like Vietnam, Singapore, etc., for their economic development.
India, in 2015, scraped the 2013 BIT model and brought in a new model which was in effect in 2017. This has caused an unfavourable investment environment within the country. India has also pulled out of BITs with 58 countries.
This model according to a Brookings Report is Pro-State with limited security to the foreign investors in India. India’s pulling out of BITs have created uncertainty amongst the foreign investors in India and Indian investors abroad.