Sikkim is set to become the first state in India to launch Universal Basic Income (UBI). The idea of universal basic income has gained popularity in the western nations due to the threat of automation-induced job losses. In India, the idea gained ground due to the chronic poverty & inequality and the government’s failure to provide subsidies effectively to poor people. Moreover, the persistent farm distress and poor wage growth across occupations also highlight the need for an income support scheme in India.
Recently, various state governments have announced farm loan waiver worth Rs. 850 million. This can negatively impact banks’ credit offtake (commercial loans) and cause further stress and amount to another agrarian crisis.
Recently, negotiators from 196 countries finalized a rulebook for the implementation of the 2015 Paris Agreement at the climate change conference held in Katowice, Poland. Katowice meet is the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24). This highlights the strong support among people of all nations for urgent action to avert dangerous climate change.
The Internet of Things (IoT) can become a game changer that India needs as this concept is set to disrupt almost every sector in India from smart cities and telecom to manufacturing and mobility. The rapid development in the IoT leads to the starting of the next digital revolution. However, the Internet of Things throws up many challenges like data safety and privacy. So India needs to push ahead with this concept to kick-start the radical development process with the proper regulatory framework in place to govern IoT.
India’s agricultural sector has seen a considerable threat from climate change and it directly impacts the daily lives of farmers. A study found that climate change could have contributed to the deaths of more than 50,000 farmers or farm workers over the last 30 years. Thus the efforts to make agriculture resilient to climate must be increased and sustained in order to avoid the impacts of a warming world.
PM Jan Dhan Yojana (PMJDY) has made sure that the universal access to a bank account a near reality. However, the level of utilisation of such accounts is very low, which calls for promoting financial literacy in the country as well as radically reforming the financial inclusion agenda.
Recently, farmers from various regions of the country marched to Delhi to register their protest against the government’s neglect of farmers’ demands. Poor earnings of the farmers led to the never-ending distress in the agricultural sector and this resulted in the increasing number of farmer suicides. These worrying realities call for an appropriate policy response and sustainable alternatives to the current agricultural methods.
Recently, NASA’s InSight probe was successfully landed on the Red Planet to study its deep interior and make it the only planet apart from Earth to be examined this way. InSight is the first outer space robotic explorer to study the interior of Mars – its crust, mantle, and core.