Subject: Economy/Geography Context: Government has announced the auction of 41 coal blocks that have a capacity to produce 225 million tonnes of coal per year after removing the end-use restrictions and relaxed prior mining experience as bidding criteria. Concept: India imports nearly 250 million tonnes of coal from other countries despite having the world’s […]
Subject: Economy Context: A Deloitte report from April “Future of work accelerated” notes that Indian organisations are considering to expand the share of gig workers, as dependence on full-time workers reduces. Current pandemic crisis also induced discussion on the levels of social protection available to gig workers including wage protection, health benefits and safety assurance […]
Subject: Economy Context: The RBI and the government differed on a number of policy-related matters including surplus transfer to the exchequer while Mr.Urjit Patel was RBI governor Concept: According to Section 7(1) of the RBI Act, 1934, the Central Government may from time to time give such directions to the Bank as it may, after […]
Subject: Economy Context: Mr.Urjit Patel was appointed as chairman of India’s premier economic think tank National Institute of Public Finance and Policy (NIPFP), Concept: The National Institute of Public Finance and Policy (NIPFP) is a centre for research in public economics and policies. Founded in 1976, the institute undertakes research, policy advocacy and capacity building […]