Daily Current Affairs – 6th October, 2016

Daily Current Affairs – 6th October, 2016

Making India’s economic growth sustainable through sharing economy

  • One specific area in which improved digital skills and flexible working practices can combine to offer significant rewards in India is the sharing economy.
  • In this system, people rent or share goods and services with the aid of online technology. The sharing economy operates across hundreds of services, in sectors like financial services, retail and real estate.
  • It has enormous potential in India and has already created millions of micro-entrepreneurs who benefit from sharing expertise, goods or services.
  • Indian economy is ripe for a sharing economy boom because of its high urban population and population density.
  • It helps local sharing services due to the proximity between suppliers and customers, and the huge numbers of millennials who are comfortable with technology and the concept of sharing.
  • The sharing economy is heavily dependent on people with digital skills and short-term, elastic employment, enabled by flexible working and hiring practices. Hence, providing digital skills and facilitating flexible working norms are a must for economic boon.

 

Conclusion

  • India has the basics to put its economic growth on fast track. The economy is growing fast, entrepreneurship is booming and government initiatives to boost competitiveness are on the right track.
  • Now the only need is to give the emerging 250 million workforce a platform to develop the industry-linked skills as well as soft skills to enable them for assured employment.
  • Along with skills, the working place has to provide necessary flexibility so that the employees can optimally utilise their skills and time.
  • The sharing economy is a booming phenomenon and India has huge potential to capitalise on it with right conditions to thrive, simplified regulation and business barrier reduction that will encourage investment.

The India Economic Summit of the World Economic Forum (WEF) in October 2016 will provide a strategic platform for the WEF’s global multi-stakeholder community to discuss and debate the theme “Fostering an Inclusive India through Digital Transformation”.

(FRs v/s DPSP): Prohibition of alcohol consumption and cow slaughter

The politics of alcohol consumption and cow slaughter have, of late, been the main debate for acting without caring about how it will affect constitutional law and philosophy.

The fundamental debate was:

Can state dictate what one can eat and what one can drink or do Indian citizens have the right to drink and eat what they want?

The Patna high court’s recent judgment on prohibition of alcohol consumption in Bihar and Bombay high court’s earlier beef ban verdict—is anecessary redressal of the balance.

These judgements are a nuanced look at how the relationship between the republic and the citizen is being renegotiated within the constitutional framework.

Landmark observations:

Bihar prohibition judgment –

“With expanding interpretation of the right to privacy, as contained in Article 21 of the Constitution, a citizen has a right to choose how he lives, so long as he is not a nuisance to the society. State cannot dictate what he will eat and what he will drink.”

  • This is a landmark observation since never before have the courts viewed prohibition through the lens of personal liberty.
  • Previous judgements on the issue, almost always upholding prohibition, have viewed it through the right to livelihood lens and found that the limitations on the production and sale of alcohol were reasonable restrictions imposed by the state.

This time, however, the personal liberty aspect was specifically raised by the petitioners who included not just alcohol traders but also individuals asserting their right to drink reasonable quantities of alcohol in the confines of their home.

Bombay high court’s beef ban verdict –

A similar line of thinking is seen in the Bombay high court’s beef ban verdict.

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