The term "helicopter money" was first coined by Milton Friedman in 1969. Helicopter money is a form unconventional monetary policy under which centra... Read More...
Why is there such unprecedented thrust to the private sector in the space sector?
For some decades now, private sector in India is involved in space sector development. Many components making up a large part of the manufacturing and fabrication of rockets and satellites already are in the hands of the private sector, including research institutions. But the need to increase their role and make them into a strategic partner is acute.
Indian Space Research Organisation (ISRO) needs to focus on research and development while leaving rest to the private sector.
Keeping this in view, Government of India announce... Read More...
Art.61deals with the Presidential impeachment and it is clearly and categorically titled “Impeachment”. But the Article also uses the word removal. Therefore, there is a need for closer analysis.
It is important to understand what impeachment means. Commonly, it is used synonymously with removal from office. However, the actual meaning is different. Impeachment is the process by which either House of Parliament levels charges against a Constitutional authority. Such a legislative move does not remove the authority from office. It sets in motion investigation by the other House or any other agency. If the charges are upheld and the other House passes a motion for... Read More...
June 2020 is historic for India as the foreign exchange reserves with the reserve bank of India went past the mark of 500 billion US dollars. It is one hundred times the amount RBI held forty years back when India suffered the worst sovereign debt crisis.
What is meant by forex reserves?
They are made up of
• Foreign currencies like US dollar
• Special Drawing Rights of the International Monetary Fund
• Certain amount of foreign currency held with the IMF as a security deposit called reserve tranche
Why do we need them? Read More...
India’s Science Technology and Innovation Policy 2020 is under preparation. Wide consultations are taking place with all the stakeholders. There is an urgent need to develop 5G, nano sciences, internet of things, fourth industrial revolution technologies, life sciences and gene editing and so on to be a world leader.
Economic Survey 2018 has a chapter on How India can become a global science & technology leader. It talks about the need to gradually move from being a net consumer of knowledge to becoming a net producer.
Union Budget 2020-21 set up a national mission on “Quantum Supremacy” with an Rs 8,000-crore budget.
In t... Read More...