New Land Use Policy (NLUP)
Fiscal Responsibility and Budget Management (FRBM)
Ease of Doing Business reforms
Value Added Tax (VAT)
Answer is Right!
Answer is Wrong!
The correct answer is: a) New Land Use Policy (NLUP)
The New Land Use Policy (NLUP) is a key economic reform initiated by the Mizoram government. It was implemented in 2015 with the objective of promoting sustainable development in the state. The NLUP aims to achieve this by regulating land use, promoting efficient use of land resources, and ensuring that land is used for its most productive purpose.
The NLUP has a number of key features, including:
- A zoning system that divides land into different zones for different purposes, such as agriculture, industry, and residential development.
- A system of land use permits that is required for all land development activities.
- A system of land taxes that is designed to discourage unproductive land use and encourage efficient use of land resources.
The NLUP has been welcomed by many in Mizoram as a positive step towards sustainable development. However, some have also raised concerns about the potential impact of the NLUP on the livelihoods of farmers and other traditional land users.
The other options are incorrect because:
- b) Fiscal Responsibility and Budget Management (FRBM) is a fiscal policy framework that aims to promote fiscal discipline and transparency in government budgeting.
- c) Ease of Doing Business reforms are a set of reforms that aim to make it easier for businesses to operate in a country.
- d) Value Added Tax (VAT) is a consumption tax that is levied on the value added to goods and services at each stage of production and distribution.