What is Poverty Trap?

Definition: Poverty trap is a spiraling mechanism which forces people to remain poor. It is so binding in itself that it doesn’t allow the poor people to escape it. Poverty trap generally happens in developing and under-developing countries, and is caused by a lack of capital and credit to people. Description: Poverty Read More …

National Skills Qualification Framework (NSQF)

Context: In 2013, India’s skill agenda got a push when the government introduced the National Skills Qualification Framework (NSQF). This organises all qualifications according to a series of levels of knowledge, skills and aptitude, just like classes in general academic education. For each trade/occupation or professional qualification, course content should Read More …

IIP: how this index is calculated, and what it says about factory output

Context: Data released by the Central Statistics Office (CSO) showed that factory output growth had slipped to a 17-month low in November. This growth is measured on the basis of the “Index of Industrial Production (IIP)”. The index & its importance The IIP is a composite indicator that measures changes in the Read More …

Implementation of EODB

The Department of Industrial Policy & Promotion has been monitoring two segments of the business reforms. The first segment relates to India’s efforts in improving its rank in World Bank’s Doing Business Report. In the Doing Business Report released in 2014 India was ranked 142 among 189 countries. As a Read More …

Regulatory Indicators for Sustainable Energy (RISE) 2018

Context:  World Bank has released its report — Regulatory Indicators for Sustainable Energy (RISE) 2018 — charting global progress on sustainable energy policies. The report was released on the sidelines of the 24th Conference of the Parties to the UN Framework Convention on Climate Change(COP24). Findings of the report: Many of the Read More …

SDG India Index: Baseline Report 2018

Context: According to a first-of-its-kind SDG index released by NITI Aayog: Himachal Pradesh, Kerala, and Tamil Nadu have been ranked highest in terms of being on track to achieve the United Nations Sustainable Development Goals The SDG Index comprises a composite score for each State and Union Territory based on Read More …

The shape of growth matters

Context: While there are many refreshing improvements in NITI Aayog’s ‘Strategy for New India @ 75’ from the erstwhile Planning Commission’s plans, there are also concerns about some of the strategies recommended. A mass movement for development: NITI Aayog recently released its ‘Strategy for New India @ 75’ The strategy affirms that Read More …

Scholarship Schemes for North-East Students

Ishan Vikas and Ishan Uday schemes are being implemented for the students of North Eastern region. Ishan Vikas: coordinated by Indian Institute of Technology (IIT), Guwahati and under the programme, selected school children from North Eastern States  are  brought in close contact with the Indian Institute of Technology (IITs), Indian Read More …

To implement pro-poor polices

Context: The aim of welfare schemes is to benefit the poor vis-a-vis the non-poor. Objective of Welfare schemes: Efforts to reduce the income mismatch and improve the holistic well-being are at the forefront of all pro-poor public policies. This objective might be what drives policymakers but what of the attitudes Read More …

What is ‘two-part tariff’ in Economics?

This refers to an unconventional pricing technique where a business first charges an upfront fee from consumers for its product and later charges them additional fees based on their per unit usage. A club, for instance, might charge its members a standard membership fee for basic entry privileges and then Read More …