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Monthly DNA
06 Aug, 2019
7 Min Read
Context
The government is planning to issue 10-year bonds denominated in foreign currency.
Why it is a good idea
Problems with these bonds
No country has grown at “trend” rates with a real repo rate of around 3.4%, not even 2.4% or 2%. Issuing bonds now is an idea whose time has come.
Source: Indian Express
Context
The obsession with electric mobility makes it look as if it is the only solution for India’s transportation problems.
What the government must do instead
Bringing down the fuel import bill.Bringing down air pollution.
Do not push EVs
Other Solution
Public transport
Each of these measures would show an immediate impact on vehicle-caused pollution and the use of fossil fuels.
Source: Live Mint
Context
Through four successive reductions in this year, RBI has reduced the repo rate by 110 basis points to 5.4%.
Status of the rate cut
Limitations of Monetary Policy
What the government should do:
Together, the joint impact of the fiscal and monetary stimuli is expected to uplift the country’s growth from its present low level to levels comfortably above 7% and, eventually, closer to 8.5-9%. Sustaining growth at these levels is required if India were to become a $5-trillion economy by the end of FY25.
Source: Live Mint
Context
To mandate that private firms donate a part of their revenues to charitable causes is to profoundly misunderstand both the social responsibility of corporations and the meaning of the word donation.
Arguments against punishing non-compliance
Why CSR
Problems with current CSR spending
Way ahead
Source: Indian Express
GS-I: India enters a 37-year period of demographic dividend. Context Since 2018, India’s working-age population (people between 15 and 64 years of age) has grown larger than the dependent population (defined as children aged 14 or below as well as people above 65 years o
GS-II: Forest right act case News Background Districts with sizeable tribal populations saw several protests and demonstrations. The protests were organised by the Bhumi Adhikar Andolan. There were two issues that the demonstrators were decrying. One, the proposed amendments to the I
GS-II: The judicial presumption of non-citizenship. Context Innocuously framed as resolving a “perceived conflict” between two paragraphs of the Schedule to the Citizenship (Registration of Citizens and Issue of National Identity Cards) Rules, 2003, the judgment little reported
GS-II: Biometric Token System Context The Western and Central Railways have introduced a new Biometric Token System (BTS) that seeks to streamline the process of boarding unreserved coaches. Biometric Token System (BTS) Biometric Token System (BTS) is a system by which passe
GS-III: Genome India Initiative Context India is planning to launch its first Human Genome Mapping project. What is Genome? A genome is an organism’s complete set of DNA, including all its genes. It contains all the information needed to build and maintain that organism.
Gs- III: From Plate to Plough: In the shade of solar trees. Context The recent statement of our Finance Minister about transforming Annadata (farmer)into an Urjadata (producer of solar power) in her maiden Budget speech. How Help farmers produce solar power on their lands Fa
GS-II: Bigger and Better On a number of Supreme Court Judges. Context The article provides a critical analysis of Union Cabinet’s decision about increasing the strength of the judiciary and suggests for the focus of the Supreme Court on its role as interpreter of the Constitution.
GS-II: Finding the data on missing girls. Context The sex ratio at birth (SRB) has been dropping continuously since Census 2011, coming down from 909 girls per thousand boys in 2011-2013 to 896 girls in 2015-2017 as per the SRS Statistical Reports. Facts Female foeticide continues t
GS-II: Urban spaces need better-designed homes and an egalitarian housing policy. Context Homelessness is on the rise and has been for the past half a century. Eight years ago, after the 2011 Census, the demand for new housing was at 25 lakh units. With demand rising exponentially and incr
GS-II: Health care is ailing. Context The National Medical Commission Bill passed by Rajya Sabha addresses these concerns. Why medical education needs these regulations? To ensure that doctors are appropriately trained and skilled to address the prevailing disease burden To
GS-II: What’s NEXT? Context In its second iteration, the National Medical Commission (NMC) Bill seems to have gained from its time in the bottle, like ageing wine. The new version has some sharp divergences from the original. Background Presented in Parliament in 2
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