[Premium] Development Banks – Why India Need it?

The Finance Minister on August this year had announced a series of measures to boost the economy and the financial market sentiments of the country. Among them was the setting up of a development bank. This comes during the time when there is an increasing call for sustainable development of the economy and the promotion of eco-friendly technologies. This announcement was in response to the economic slowdown and discouraging capital market sentiments. The idea for the establishment of a sound development bank is encouraging as it helps in providing investments on long-term projects that may have little or no profitable returns but are essential for the sustainable development of the country. This move allows for risky investments, the ones that are essential for addressing the environmental concerns, technological growth, and rural economic development.

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UDAN Scheme – Critical Analysis

India’s aviation sector is contributing about 30 billion USD to India’s GDP. India is one of the fastest-growing aviation markets in the world. Nearly 90% of the aviation traffic is at the domestic level. This means that UDAN scheme or the Regional Air Connectivity Scheme is an asset to the aviation sector. However, this scheme alone cannot address the growing crisis in the aviation sector. The government must launch a viable policy to support the growth of this sector.

[Premium] Draft National Resources Efficiency Policy 2019 – Key Features

India is one of the fastest-growing economies in the world. However, it is consuming the limited natural resources at an unsustainable rate. India's resource extraction is estimated to be more than three times the world average. Also, India’s material productivity is much lower than the global average. Material productivity is the ratio of output achieved compared to the inputs used. Low material productivity means the inefficient use of natural resources. It is evident that India’s economic growth is at the cost of the natural environment. National Resources Efficiency Policy seeks to solve the problem of the inefficient use of natural resources and promote recycling and reusing of available resources. With the growing demands and the increased strain on the environment, a solid policy to ensure sustainable economic growth is a need of the hour.

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[Premium] Indian Economy Slowdown – Causes and Consequences

After its brief stint as the world’s fastest-growing economy, India’s economic growth has been slowing to all-time lows. Crisil had forecasted India’s GDP growth to be 6.3% for the fiscal year 2020. Earlier it forecasted it to be 6.9%. This comes after the GDP growth rate was at its slowest in almost 6 years. Earlier, Moody too had forecasted economic slowdown by 6.2%. From these current data, it is obvious that the Indian economy is currently facing crisis due to a combination of factors such as increased unemployment rate, rural distress, liquidity crunch, etc.

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[Premium] Arbitration & Conciliation (Amendment) Act 2019 – Analysis

Indian judiciary, according to National Judicial Data Grid Statistics, has about 3 crores pending cases. Due to its slow pace, many prefer arbitration to solve the issues of dispute settlement, monetary recovery, etc. To encourage foreign investments and promote ease of doing business, faster judicial procedures and efficient dispute resolution are essential. Provisions to settle disputes through arbitration are provided in Arbitration and Conciliation Act, 1996. This law was amended twice: in 2015 and during the recent parliament session.

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