Unicorn Company: A unicorn is a term used in the venture capital industry to describe a startup company with a value of over $1 billion. India currently stands third in the global list of the number of companies that have attained unicorn status (well behind the US and China, but ahead of the UK andRead more
Predatory Pricing: is a short-term strategy, adopted by some of the market giants with deep pockets to sustain short-term losses and reduce the prices of their products below the average variable costs. This may lead to wiping out competition from the market and could be detrimental to the consumers in the long run. SAARC currencyRead more
1. A Shelter in the Pandemic The 2011 Census of India reveals that the urban population of the country stood at 31.16 per cent. Though shelter is a basic human need, migrant workers live in extremely precarious conditions. Issues: Most of the migrants are employed in construction, small industries, hotels, and other informal activities. OftenRead more
Reading GDP Early Estimates Ministry of Statistics and Programme Implementation (MoSPI) has released the First Advance Estimates (FAE) for the current financial year (2021-22). According to MoSPI, India’s Gross Domestic Product (GDP) will grow by 9.2% in 2021-22. Last financial year the GDP contracted by 7.3%. First Advance Estimates of GDP: First introduced in 2016-17,Read more
Use Drones More Effectively Ministry of Civil Aviation (MoCA) has called for more effective utilisation of drone applications to deploy unmanned aerial vehicles for surveillance, situational analysis, crime control, VVIP security, disaster management, etc. Drone is a layman terminology for Unmanned Aircraft (UA). There are three subsets of Unmanned Aircraft- Remotely Piloted Aircraft, Autonomous AircraftRead more
The Court’s Duty HATE SPEECH: it refers to words whose intent is to create hatred towards a particular group, that group may be a community, religion or race. This speech may or may not have meaning, but is likely to result in violence. Viswanathan Committee 2019: It proposed inserting Sections 153 C (b) and SectionRead more
Economically Weaker Sections (EWS): As defined by Govt Panel Cabinet in January 2019 decided to amend the Constitution (103rd Amendment) for implementing 10% reservation for EWS. New committee constituted to revisit EWS criteria: Prime basis: Income criteria The criteria include a Rs 8 lakh income ceiling for inclusion in EWS — which is the sameRead more
The flaw in the numbers The primary yardstick analysts use to measure the economy’s health is GDP. The RBI and multilateral agencies use GDP statistics to make claims about the future growth path. But how reliable is the Indian GDP data? NSO calculates real GDP by gathering nominal GDP data in rupees and then deflatingRead more
1. China’s border law and India It is called the law for the “protection and exploitation of the country’s land border areas”. It allows the state to “take measures to safeguard territorial integrity and land boundaries and guard against and combat any act that undermines these”. The law encourages the development of villages for civiliansRead more
Indian Ocean Rim Association: It is a regional tripartite forum that gathers government representatives, academia and business leaders for encouraging cooperation and greater interaction between them. The organisation is founded upon the values of open regionalism for boosting economic cooperation especially on the realms of trade facilitation, investment, the region’s social development and promotion. Currently,Read more
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