International Relations

Power is the ability to influence the behaviour of others. In international relations, as the Harvard academic, Joseph Nye, reminds us, power can be exercised in three ways: by threatening or actually using military force, by offering economic incentives or imposing economic sanctions, or by building what Nye famously dubbed “soft power.” That is, the “soft power” of nations to persuade others based on the … Continue reading International Relations

Fourteenth Financial Commission

The FFC, headed by former RBI Governor Y.V. Reddy, has broken new ground by recommending a move away from scheme and grants-based support to States to a greater devolution of funds from the Centre’s divisible pool of tax revenues. Constitutional body Fourteenth Finance Commission (FFC) has grasped the nettle of the imbalance in centre–state relations in fiscal affairs and has made sound recommendations for the … Continue reading Fourteenth Financial Commission

Budgetary Support to Science and Tech in India

The Union Budget, which was presented on February 28, National Science Day, unfortunately failed to bring a smile on the faces of Indian scientists. Last fiscal, there was a drastic and unprecedented 30 per cent cut in the field of science. A science secretary had a simple solution to this: “This year we will ensure that the money allocated for sanctioned programmes is spent by … Continue reading Budgetary Support to Science and Tech in India

Research in India

Science and technology are panacea to any country’s growth a point which is accepted by all around the world. Sci &Tech have replaced human labour to great extent in factors of production and acts as multiplier or exponential force for skilled efforts. Hence to be recognised as an advanced country and ensuring prosperity for its citizens it is imperative for India to emerge as powerhouse … Continue reading Research in India

Changes proposed in RBI monetary policy structure

Recently in union budget govt outlined its plan to bring amendments to RBI Act to form Monetary Policy Committee which will have mandate to target inflation which now would be reigning policy imperative in the monetary discourse in India. Other changes proposed in Budget is of formation of public debt management agency to free RBI from potential conflict of interest and to better manage the … Continue reading Changes proposed in RBI monetary policy structure

Union Budget Analysis

While there had been expectation of Super Budget with growing expectation and sensation created ahead of first full year budget of Modi government. However the resultant budget while not being big bang on reforms measure has numerous features that balance the various interest communities of India. Some notable features of the budget are Reforms in the Pension sectors and widening social security net Enabling the … Continue reading Union Budget Analysis

Food Security in India: Changes proposed in FCI and NFSA

Shanta Kumar High level Committee Former Union Minister for Food Shanta Kumar recently disowned the National Food Security Act (NFSA). He explained, without blinking, that the BJP had just pretended to support the Act when it was being discussed in Parliament, for fear of the possible electoral consequences of opposing it. Shanta Kumar is chairperson of the High Level Committee on Reorienting the Role and … Continue reading Food Security in India: Changes proposed in FCI and NFSA

Food Security in India

India has been favorite of Malthusian doomsayers whose dire warnings of its large population overrunning the resources and reduced to starvation leading to failure of governance and the nation have always been around. However India has grown from a grain deficit country to a surplus producer of wheat and rice within a span of four decades, India notwithstanding its huge population has managed to feed … Continue reading Food Security in India

Indian Economy Statistical Base Change

Recently Indian economy had a statistical jump in GDP growth rate in 2013-14 from 4.7% to 6.9% on account of statistical base change used in calculation of macroeconomic indicators by CSO. Acchee Din are still some time away 🙂 India’s new method to calculate gross domestic product (GDP) has marginally reduced the economy’s size by Rs 10,000 crore while increasing the growth rate from 4.7% … Continue reading Indian Economy Statistical Base Change

Censor Board in India

Central Board of Film Certification (CBFC)  is a Statutory body under Ministry of Information and Broadcasting,  regulating the public exhibition of films under the provisions of the Cinematograph Act 1952. Films can be publicly exhibited in India only after they have been certified by the Central Board of Film Certification. Censor board itself is relic of colonial past where artistic expression where subjected to check … Continue reading Censor Board in India