Reading Time: 7 mins The Corona pandemic since it hit the world has been successful not only in exposing the sorry state of health systems around the world but also able to put some hard questions to policymakers about issues of polity, society, and economy. India’s case has been no different than the others. In India, the pandemic and its impact has been most starkly visible in the long march of migrants to their native states for the lack of livelihood opportunities in the migrated cities and states. As this is the response of migrants, the host states are grappling with economic issues of slowdown and unemployment. And once again, many states have sought to answer those questions with old strategies, one of which is nativism
Reading Time: 8 mins The Central government has extended the Rs.45,0000 crore Partial Credit Guarantee Scheme 2.0 by another three months and has allowed the banks to invest more in better-rated NBFCs. The scheme was announced as a part of the ‘Atmanirbhar Bharat Abhiyan’ Package to provide liquidity support to weaker NBFCs, housing finance companies and microfinance institutions.
Reading Time: 9 mins As India continues to fight the pandemic of COVID-19, The PM recently made a clarion call for a post-pandemic economic redemption. The Atmanirbhar Bharat i.e. Self-reliant India is a policy that aims to convert the crisis into opportunity and boost the Make in India program. The Finance Minister explained the nitty-gritty of the policy in a press conference.
Reading Time: 9 mins For the first time since the Great Depression, both advanced economies and developing economies are facing recession due to COVID-19 …
Reading Time: 7 mins Since 2018, India’s working-age population has grown larger than the dependent population consisting of children and senior citizens. This youth bulge is going to last for 37 years. However, the current economic slowdown has led to layoffs, growth decline in various sectors and joblessness. Necessary steps like policy support and reforms must be taken to make full utilisation of India’s demographic dividend to promote the growth and development of the economy.
Reading Time: 8 mins Non-Governmental Organisations, for a long time, have played a significant role in a variety of fields ranging from disaster relief to advocacy of the marginalised and disadvantaged communities. They are currently a major part of the civil society, which bring rapid change and social transformation within the country. However, in recent decades, India has been a difficult environment for the NGOs due to vague laws that are stopping them from questioning the unjust government policies, discrimination, advocating for the rights of the marginalised communities and other deprived groups. Successive Indian governments have often tried to curb their activities. This is due to the limitations of Indian laws. Taking measures to ensure NGOs’ transparency and accountability through just laws and mechanisms can allow these organisations to work with the government, leading to the promotion of democratic values and social justice at the grass-root level.
Reading Time: 11 mins In recent years, the Indian government is passing laws and policies to promote the circular economic model. According to the report by Chatham House, a London-based Royal Institute of International Affairs, India is leading the developing nations in circular economy investments that are aimed at pursuing sustainable and climate-resilient growth and has an opportunity to save as much as 11% of its GDP annually by 2030. A clear and defined strategy to promote the circular economic model is necessary for the positive outcomes that can be acquired from the same.
Reading Time: 7 mins In 2015, the UNGA adopted the 2030 Agenda for Sustainable Development. 193 nations, including India, are committed to the 17 Sustainable Development Goals. It broadly involves the eradication of poverty of all forms, fighting inequality and tackling climate change through inclusiveness. India has played a significant role in past years to achieve these goals and its achievement is critical for the global community as it is consists of about 17% of the world population. As per the SDG Index released by the NITI Aayog and the UN showed the nation has scored 58 – almost more the halfway mark in meeting the target set for 2030.
Reading Time: 5 mins
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.