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Food Security Bill is expected to eliminate hunger and malnutrition in India. Critically discussvarious apprehensions in its effective implementation along with the concerns it has generated in WTO.

Points to Remember: The Food Security Act aims to eradicate hunger and malnutrition. Effective implementation faces numerous challenges. The Act has raised concerns within the WTO framework. Introduction: The National Food Security Act, 2013 (NFSA), is a landmark legislation aimed at ensuring food security for a significant portion of India’s population. It guarantees subsidized food … Read more

What is the meaning of the term ‘tax expenditure’? Taking housing sector as an example, discuss how it influences the budgetary policies of the government.

Points to Remember: Definition of tax expenditure. Impact of tax expenditures on government budgets. Examples of tax expenditures in the housing sector. Influence of housing-related tax expenditures on budgetary policies. Potential positive and negative consequences. Introduction: Tax expenditure refers to the revenue forgone by the government as a result of tax reliefs, exemptions, deductions, or … Read more

What were the reasons for the introduction of Fiscal Responsibility and Budget Management (FRBM) Act, 2003? Discuss critically its salient features and their effectiveness.

Points to Remember: Reasons for FRBM Act: Fiscal indiscipline, high fiscal deficits, unsustainable debt levels, and macroeconomic instability. Salient Features: Fiscal deficit targets, debt management targets, transparency and accountability mechanisms. Effectiveness: Mixed results; success in reducing fiscal deficit and debt, but challenges remain in achieving fiscal sustainability and addressing structural issues. Introduction: The Fiscal Responsibility … Read more

With a consideration towards the strategy of inclusive growth, the new Companies Bill, 2013 has indirectly made CSR a mandatory obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other provisions in the Bill and their implications.

Points to Remember: Mandatory CSR under the Companies Act, 2013. Challenges in implementation of mandatory CSR. Other provisions of the Companies Act, 2013 and their implications. Inclusive growth strategy. Introduction: The Companies Act, 2013, introduced a significant shift in corporate governance in India by mandating Corporate Social Responsibility (CSR) for companies meeting specific criteria. This … Read more

“While we flaunt India’s demographic dividend, we ignore the dropping rates of employ ability.”What are we missing while doing so? Where will the jobs that India desperately needs come from? Explain.

Points to Remember: India’s demographic dividend: Large working-age population. Employability: Skills and qualifications needed for jobs. Job creation: Sources of employment opportunities. Skill gap: Mismatch between skills and job requirements. Education and training: Importance of quality education and vocational training. Investment: Role of public and private investment in job creation. Policy reforms: Necessary changes in … Read more

Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to services. What are the reasons for the huge growth-services vis-a-visindustry in the country? Can India become a developed country without a strong industrial base?

Points to Remember: India’s unique economic trajectory: direct shift from agriculture to services. Reasons for services sector dominance. Importance of a strong industrial base for development. India’s potential for balanced growth. Introduction: The conventional development model posits a sequential shift in a nation’s economy: from agriculture to industry, and finally to services. However, India deviated … Read more

Craze for gold in Indian has led to surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of Gold Monetization scheme.

Points to Remember: Gold Monetization Scheme (GMS) aims to utilize idle gold holdings in India for productive purposes. GMS impacts balance of payments, rupee value, and domestic gold prices. The scheme’s success depends on participation rates and government policies. Potential benefits include reduced gold imports, increased foreign exchange reserves, and economic growth. Challenges include attracting … Read more

The nature of economic growth in India in recent times is often described as a jobless growth. Do you agree with this view? Give arguments in favour of your answer.

Points to Remember: Job creation vs. GDP growth rates Impact of technological advancements Role of informal sector Skill mismatch and education Government policies and initiatives Introduction: India has experienced significant economic growth in recent decades, achieving impressive GDP growth rates. However, this growth has been accompanied by a persistent debate regarding its “jobless” nature. The … Read more

Justify the need for FDI for the developments of the Indian economy. Why there is gap between MOUs signed and actual FDIs? Suggest remedial steps to be taken for increasing actual FDIs in India.

Points to Remember: The crucial role of Foreign Direct Investment (FDI) in Indian economic development. The disparity between Memoranda of Understanding (MoUs) and actual FDI inflows. Factors hindering actual FDI realization. Policy recommendations to bridge the gap and attract more FDI. Introduction: Foreign Direct Investment (FDI) plays a vital role in a nation’s economic growth … Read more

How globalization has led to the reduction of employment in the formal sector of the Indian economy? Is increased in formalization detrimental to the development of the country?

Points to Remember: Globalization’s impact on Indian formal sector employment. The debate surrounding increased formalization and its effect on development. Balancing the benefits of formalization with potential negative consequences. Introduction: Globalization, the increasing interconnectedness of nations through trade, investment, and technology, has profoundly impacted the Indian economy. While it has spurred economic growth in certain … Read more

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