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ECONOMICS NOBEL FOR ABHIJIT AND TWO OTHERS

ECONOMICS NOBEL FOR ABHIJIT AND TWO OTHERS Why was this award given ? For the experimental approach to alleviate Global poverty Who gives the award? Royal Swedish Academy of Sciences Name of the award : Sveriges Riksbank Prize in economic Sciences Awardees : a. Abhijit Banerjee b. Esther Duflo c. Michael Kremer Impact of this approach : a. To fight Global poverty b. Effective interventions for improving educational outcomes and child health. Approa

SEWA SERVICE TRAINS

SEWA SERVICE TRAINS CONTEXT: Indian Railways has launched 10 ‘Sewa Service’ trains, to improve last-mile connectivity. These Sewa Service trains will connect small towns with their closest major cities and ease the hassle of travelling for daily passengers. These trains help divert short-distance traffic from roads to the railways. The railways introduced Sewa Service trains to ensure congestion-free roads and faster ease of movement for the public. MAIN

In a first, GST Council votes on tax proposal

In a first, GST Council votes on tax proposal as consensus collapses Syllabus subtopic: Statutory, regulatory and various quasi-judicial bodies. Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: on the key decisions taken in the GST Council meeting and

Oxfam India report: ‘Time to Care’

Oxfam India report: ‘Time to Care Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Role of NGOs, SHGs, various groups and associations, donors, charities, institutional and other stakeholders Prelims and Mains focus: about the key highlights of the report regarding income disparity in India and recommendations News: Oxfam India’s report, “Time to care”, released in Davos,

Economic package during COVID-19

Economic package during COVID-19 Part of: GS Prelims and GS-III- Economics The Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman announced Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus. While addressing the press conference here, Smt. Sitharaman said “Today’s measures are intended at reaching out to the poorest of the poor, with food and money in hands, so that the

Universal Basic Income

Universal Basic Income It’s time for a universal basic income programme in India By, Anil K. Antony is the Convener of INC – Kerala Digital Media, and the National Coordinator of PIIndia.org, a COVID19 action group. Tweets @anilkantony Introduction The ongoing crisis is creating changes that could end up dividing society into pre- and post-COVID-19 days. These changes are also likely to exacerbate the novel challenges accompanying the fourth industrial revolution.

Utilise MGNREGA to the fullest capacity

Utilise MGNREGA to the fullest capacity By, Brinda Karat is a member of the Communist Party of India (Marxist) Polit Bureau and a former Rajya Sabha MP Context # The role of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) as a lifeline for the working poor in rural India has been proved once again with the experience of the lockdown. Delayed action # The Central government revised lockdown guidelines to allow MGNREGA work only from April 20, nearly

Essential Services Maintenance Act

Essential Services Maintenance Act The Uttar Pradesh government has extended the Essential Services Maintenance Act in the State, banning strikes in all departments and corporations under it for a period of another six months. About ESMA, 1968: The Essential Services Maintenance Act (ESMA) is an act of Parliament of India. Objective: It was established to ensure the delivery of certain services, which if obstructed would affect the normal life of the people. These include services