Worker Productivity
Context: Infosys founder N.R. Narayana Murthy has stirred debate by encouraging young Indians to work 70 hours per week, drawing comparisons with Japan and Germany’s post-World War II efforts to rebuild. Murthy expressed concern over India’s low worker productivity levels, emphasizing the need for increased work hours to boost the nation’s growth prospects. Relevance: GS […]
Working Conditions for India’s Gig Workers
Context: The fifth annual study conducted across 12 e-commerce platforms by Fairwork India, presents a grim picture of working conditions for India’s gig workers. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the Study: The study on gig work and workers’ rights brings to light several significant findings and issues, including: Minimum Wage Policies: Living Wage Concerns: Alienation […]
Commodity Markets Outlook Report
Context: The World Bank has published the Commodity Markets Outlook report. Relevance: GS III: Indian Economy Dimensions of the Article: Commodity Markets Outlook Report The Commodity Markets Outlook report offers insights into various commodity groups, including energy, metals, agriculture, precious metals, and fertilizers. This report serves as a valuable resource for understanding and analyzing global […]
Renewed Risks on the Economic Outlook for 2023-24
Context: On October 6, the Reserve Bank of India (RBI) maintained its GDP growth projection for the year at 6.5%. This outlook was based on a balance of factors. While there were risks stemming from geopolitical tensions, economic fragmentation, volatile financial markets, and an uneven monsoon, these were offset by the strengthening domestic demand. Relevance: […]
India’s Growing Contribution to Global Economic Growth
Context: According to the IMF, India’s contribution to global economic growth is forecasted to increase by 2%. India’s current 16% contribution is projected to grow to 18% over the next five years. This expected growth is attributed to India’s faster economic expansion. Relevance: GS III: Indian Economy Dimensions of the Article: Factors Contributing to India’s […]
Role of Banks in a Knowledge Economy
Context: Intellectual property (IP)-based debt financing presents a significant opportunity for Indian banks to expand their balance sheets and increase their interest income. Recognizing the crucial role of IP rights in propelling India towards its goal of becoming a developed economy, the country, with its emphasis on knowledge and innovation, stands at an advantageous position. Relevance: GS3- […]
GI tag for Arunachal Yak Churpi
Context: Recently, the Jaderi namakatti was given the GI tag by the Geographical Indications Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: Jaderi Namakatti: A Traditional Clay Craft Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry:
World Economic Outlook: IMF
Context: Recently, the International Monetary Fund (IMF) has released its World Economic Outlook 2023 titled- Navigating Global Divergence, which stated that the Indian Economy will grow faster than previously estimated. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the World Economic Outlook: Global GDP Growth Chinese Economy Global Inflation Factors Affecting Growth IMF Recommendations Findings Related […]
About Goan Cashew
Context: Recently, Goan cashew (kernel) got the geographical indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Cashew in India Climatic Conditions Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: Indian Express
GI tag for Arunachal Yak Churpi
Context: Arunachal Pradesh has recently received the Geographical Indication (GI) tag for Arunachal Yak Churpi, Khaw Tai (Khamti rice), and Tangsa textile. Relevance: GS III: Indian Economy Dimensions of the Article: Unique Characteristics of Arunachal Yak Churpi: Distinctive Features of Khaw Tai (Khamti Rice): Special Characteristics of Tangsa Textile: Geographical Indications (GI) Tag Definition and Importance: Administration and […]