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Employment Full Employment: This concept signifies a scenario where every individual capable and willing to work finds employment at the prevailing wages. Essentially, it denotes a situation devoid of involuntary unemployment, aligning with John Maynard Keynes’s perspective that full employment is achieved when no one is involuntarily out of work. Significance of Full Employment: Attaining …
Read MoreRelevance: GS 1 – Indian culture will cover the salient aspects of Art Forms, literature and Architecture from ancient to modern times. Why in the news? The DNA study of a skeleton from an archaeological site in Haryana has sparked extensive interest in genomics, history, archaeology, and linguistics. The findings, slated for inclusion in a …
Read MoreDefinitions of Poverty by Various Institutions and Organizations The concept of poverty is complex and multifaceted, with various institutions and organizations offering their definitions to capture the essence of what it means to live in poverty. World Bank’s Definition of Poverty The World Bank defines poverty as a severe deprivation of well-being, highlighting its multidimensional …
Read MoreIntroduction The Context of Independence In 1947, when the British colonial rule came to an end in India, the nation was left to chart its own course toward development and prosperity. The end of colonialism brought about a sense of freedom and autonomy; however, it also unveiled the multitude of challenges that lay ahead for …
Read MoreIntroduction The concept of progress within the realm of economics has undergone significant evolution over time. Initially, the term “progress” was predominantly used to describe advancements in the economic sector. This term broadly encapsulated improvements in the economic conditions of a country or region, without much differentiation in the nuances of economic change. However, as …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The current discourse suggests that Pakistan has lower unemployment rates than India with assertions that a staggering 300 million individuals have exited India’s labor force, alongside youth unemployment figures peaking at 45 percent. …
Read MoreWhy in the news? CBSE mandates mother tongue-focused education, aligning with National Education Policy, to preserve linguistic diversity and promote multilingualism in schools. source:pib About the Instruction to Schools: CBSE directs all schools to utilise educational material focusing on learning in the mother tongue. Circular aligns with National Education Policy 2020 and National Curriculum Framework …
Read MoreWhy in the news? Karnataka High Court deems EPFO’s inclusion of foreign workers in provident fund unconstitutional. EPFO evaluates response strategy. Judgment Overview: Karnataka High Court deems inclusion of foreign workers in provident fund and pension scheme as unconstitutional and arbitrary. Provisions are struck down, questioning the legality of extending these benefits to international workers. …
Read MoreWhy in the news? Knight Frank survey reports India’s 13.3 million sq. ft. of ‘ghost shopping infrastructure’ across 29 cities, leading to $798 million loss. About Extent of Ghost Shopping Infrastructure in India: Survey Findings: Knight Frank India’s survey reveals India has 13.3 million square feet of ‘ghost shopping infrastructure’ across 29 cities. This led …
Read MoreWhy in the news? CSIR introduces an initiative to reduce carbon emissions by urging staff to avoid ironed clothes on Mondays, promoting environmental sustainability. About Unconventional Step by CSIR: CSIR instructs its staff, research scholars, and students to avoid wearing ironed clothes every Monday, citing it as a small step towards addressing climate change. Circular …
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