Blog

The Supreme Court has extended the time for rebel MLAs in the Maharashtra State Legislative Assembly, to file a written response to the Deputy Speaker’s disqualification notice. This decision is important because the Supreme Court in previous instances has upheld the Speaker’s powers under the Tenth Schedule. It has allowed judicial review only once theRead more

Supply disruptions during the pandemic and the Russia-Ukraine war have led many nations to think about “self-sufficiency” in critical food items or at least reduce their “excessive dependence” on imports of essential food products. India’s import dependence for edible oil India imports 55 to 60 per cent of its edible oil requirements. India’s edible oilRead more

The Union Ministry of Electronics and IT (MeitY) has declared IT resources of ICICI Bank, HDFC Bank and UPI managing entity NPCI as ‘critical information infrastructure’. What is Critical Information Infrastructure (CIC)? The Information Technology Act, 2000 explicitly gives definition of CIC. It defines CIC as a computer resource, the incapacitation or destruction of whichRead more

Recently, member countries of the World Trade Organization (WTO) wrapped up the Ministerial Conference’s twelfth outing (MC12). Key outcomes: “Geneva Package” Relaxing patent regulations to achieve global vaccine equity Ensuring food security According subsidies to the fisheries sector Continuing moratoriums relevant to e-commerce Together they constitute what WTO Director-General is referred to as the “GenevaRead more

In a significant step backwards for women’s rights in the U.S.,the Supreme Court overturned the landmark Roe v. Wade judgement of 1973, which gave women in America the right to have an abortion before the foetus is viable outside the womb or before the 24-28 week mark. Abortion rights, which have been available to womenRead more

Recently, World MSME Day was celebrated on June 27 for giving attention to the MSMEs. Just like any other large businesses in India, they have also contributed to growth and achievements. Importance of MSMEs They are the backbone of the Indian economy. For example, it accounts for over 99% of businesses in India. They haveRead more

For much of June, several cities across the country have witnessed petrol pumps rationing supplies or shutting due to non-availability of fuel, leading to concerns about shortages and triggering panic buying among some consumers. Why the shortage? As global crude prices increased and the value of the rupee fell simultaneously, OMCs such as state-owned IOCL,Read more

On June 10, India’s power demand touched a record high of 211 MW even as the coal shortage continued with coal stocks available only for eight days. Background of Power Crisis in India The power demand breached the 200 MW level on several occasions as in the last two months, temperatures soared and the economyRead more

Recently, the government has launched the pilot phase of Open Network for Digital Commerce (ONDC) with an aim to “democratise” the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart. ONDC is a freely accessible government-backed platform that aims to democratise e-commerce by moving itRead more

Foreign portfolio investors have pulled out Rs 42,000 crore this month amid rising inflation and monetary policy tightening in the US. FPI involves an investor buying foreign financial assets such as fixed deposits, stocks, and mutual funds. All the investments are passively held by the investors. Capital flight is a phenomenon characterized by large outflowsRead more