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What are the goals of the Fiscal Responsibility and Budget Management Act, 2003 (FRBMA)? List its main features. (200 Words)
The Fiscal Responsibility and Budget Management Act (FRBMA), enacted in 2003, aims to institutionalize fiscal discipline in India. Objectives of FRBMA Eliminate Revenue Deficit: The Act seeks to eliminate the revenue deficit, ensuring that the government's revenue receipts are sufficient to meet itsRead more
The Fiscal Responsibility and Budget Management Act (FRBMA), enacted in 2003, aims to institutionalize fiscal discipline in India.
Objectives of FRBMA
Key Features of FRBMA
In light of economic challenges, the FRBMA has been amended to accommodate higher fiscal deficits. For instance, in the Union Budget 2021-22, the government targeted a fiscal deficit of 6.8% of GDP, up from the revised estimate of 9.5% in 2020-21, with plans to amend the FRBM Act accordingly.
These adjustments reflect the government’s commitment to balancing fiscal discipline with the need to support economic growth during challenging times.
See less“Discuss the key strides in India’s defense modernization and the challenges faced in achieving self-reliance in defense production. Suggest measures to overcome these challenges.” (200 Words)
India has made significant progress in defense modernization, maintaining its position as the world's fourth-largest defense spender in 2023. A notable shift includes reduced reliance on foreign military imports since FY22 and a substantial increase in domestic defense exports, reaching a record higRead more
India has made significant progress in defense modernization, maintaining its position as the world’s fourth-largest defense spender in 2023. A notable shift includes reduced reliance on foreign military imports since FY22 and a substantial increase in domestic defense exports, reaching a record high of USD 2.63 billion in 2023-2024—a 32.5% increase from the previous year. This trend underscores India’s commitment to self-reliance in defense production.
However, challenges persist. Budgetary constraints limit the scope of modernization efforts, and the domestic defense industry faces issues such as technological gaps and dependence on imported components. Additionally, the dominance of state-owned enterprises in defense production has often led to inefficiencies and slower innovation.
To overcome these challenges, several measures can be implemented:
By implementing these measures, India can address existing challenges and strengthen its defense capabilities through self-reliance and modernization.
See lessWhat is meant by a flexible exchange rate? Discuss the factors that contribute to the appreciation and depreciation of the Indian rupee against the US dollar. (200 words)
A flexible exchange rate, also known as a floating exchange rate, is a system where the value of a country's currency is determined by the forces of supply and demand in the foreign exchange market, without direct government or central bank intervention. In this system, the exchange rate fluctuatesRead more
A flexible exchange rate, also known as a floating exchange rate, is a system where the value of a country’s currency is determined by the forces of supply and demand in the foreign exchange market, without direct government or central bank intervention. In this system, the exchange rate fluctuates freely based on economic factors, market speculation, and global events.
Several factors contribute to the appreciation (increase in value) and depreciation (decrease in value) of the Indian rupee against the US dollar:
It’s important to note that currency appreciation makes imports cheaper and exports more expensive, potentially widening the trade deficit. Depreciation has the opposite effect, making exports more competitive but increasing the cost of imports.
See lessIn light of the global semiconductor shortage, India has a chance to capitalize on the semiconductor sector. Discuss the challenges faced by the chip design industry in India and outline the measures that can be implemented to address these challenges. (200 Words)
India's semiconductor design industry faces several challenges that hinder its potential growth. A significant issue is the limited indigenous capability in upstream industries, leading to a heavy reliance on imports for critical components like processors and memory chips. This dependency results iRead more
India’s semiconductor design industry faces several challenges that hinder its potential growth. A significant issue is the limited indigenous capability in upstream industries, leading to a heavy reliance on imports for critical components like processors and memory chips. This dependency results in low net value addition, with local contributions ranging between 5% and 15% of the total production value.
Additionally, the absence of domestic semiconductor fabrication plants (foundries) forces India to depend on foreign contractors for microchip production. Establishing such foundries is capital-intensive, requiring investments upwards of $2 billion, and necessitates continual technological upgrades to remain competitive. This scenario is further complicated by a lack of skilled professionals in specialized areas like nanotechnology and process engineering, creating a potential skill gap of 250,000 to 300,000 professionals by 2027.
To address these challenges, India can implement several measures:
By implementing these measures, India can strengthen its semiconductor ecosystem, reduce import dependency, and position itself as a significant player in the global semiconductor industry.
See lessDiscuss the challenges faced by migrant workers in India regarding access to social security benefits and equitable working conditions. What measures can be implemented to enhance their welfare in the context of India’s aspiration for inclusive growth? (200 Words)
Challenges Faced by Migrant Workers in India Lack of Social Security: Migrants often work in informal sectors with no access to social security benefits, leaving them vulnerable during crises. Unstable Working Conditions: Many migrant workers face poor wages, lack of job security, and unsafe workingRead more
Challenges Faced by Migrant Workers in India
Measures to Enhance Welfare
In India’s journey towards inclusive growth, focusing on these areas will promote equitable conditions for all workers.
See lessDiscuss the significance of the Indian diaspora in enhancing India’s global influence. How can the government further engage with this community to maximize its contributions to India’s development?
The Indian diaspora, comprising over 35 million individuals worldwide, significantly enhances India's global influence. Their contributions span economic, political, and cultural domains, bolstering India's soft power and international standing. Economically, the diaspora's remittances play a vitalRead more
The Indian diaspora, comprising over 35 million individuals worldwide, significantly enhances India’s global influence. Their contributions span economic, political, and cultural domains, bolstering India’s soft power and international standing.
Economically, the diaspora’s remittances play a vital role in India’s development. In 2020, India received approximately $83 billion in remittances, the highest globally, which support millions of families and contribute to the nation’s foreign exchange reserves. Additionally, the diaspora facilitates foreign direct investment, trade, and technology transfer, fostering economic growth and innovation.
Politically, individuals of Indian origin hold influential positions in various countries, acting as advocates for India’s interests and strengthening bilateral relations. Their presence in international organizations and foreign governments amplifies India’s voice on global platforms.
Culturally, the diaspora promotes Indian heritage through festivals, cuisine, and art, enhancing India’s soft power and fostering cross-cultural understanding. This cultural diplomacy helps shape a positive global perception of India.
To maximize the diaspora’s contributions, the Indian government can:
By implementing these measures, the government can deepen its engagement with the Indian diaspora, harnessing their potential to further India’s development and global influence.
See lessExamine the development of the East India Company’s relationship with the British state from 1765 to 1833.”(Answer in 200 words)
Between 1765 and 1833, the East India Company's relationship with the British state evolved significantly, marked by increasing governmental oversight and regulatory reforms. Acquisition of Administrative Powers (1765): In 1765, the Company obtained the Diwani rights to administer and collect revenuRead more
Between 1765 and 1833, the East India Company’s relationship with the British state evolved significantly, marked by increasing governmental oversight and regulatory reforms.
Acquisition of Administrative Powers (1765):
Regulating Act of 1773:
Pitt’s India Act of 1784:
Charter Act of 1813:
Saint Helena Act of 1833:
These legislative measures reflect the British state’s progressive assertion of authority over the East India Company, transitioning from a commercial enterprise with administrative functions to a subordinate role under direct government supervision, laying the groundwork for the eventual establishment of the British Raj.
See lessConsidering the widespread waterlogging and flooding in cities across India, there is a growing need to move beyond conventional flood management methods. Discuss this shift and suggest some alternative approaches that can be implemented in this context. (Answer in 150 words)
Urban flooding in India has become increasingly severe due to rapid urbanization, inadequate infrastructure, and climate change. Traditional flood management methods, such as constructing embankments and stormwater drains, are often insufficient to address the complexities of urban flooding. ConsequRead more
Urban flooding in India has become increasingly severe due to rapid urbanization, inadequate infrastructure, and climate change. Traditional flood management methods, such as constructing embankments and stormwater drains, are often insufficient to address the complexities of urban flooding. Consequently, there is a pressing need to adopt alternative, sustainable approaches.
One effective strategy is the implementation of nature-based solutions, which integrate natural processes into urban planning to manage flood risks. For instance, the “sponge city” concept focuses on enhancing urban landscapes to absorb, store, and purify rainwater, thereby reducing runoff and mitigating floods. This approach has been successfully applied in various cities worldwide, including initiatives in China and Europe.
Additionally, the development of sustainable urban drainage systems (SuDS) can play a crucial role. These systems utilize permeable surfaces, green roofs, and rain gardens to manage surface water, decrease flood risk, and improve water quality. For example, a project in Mansfield, UK, involved installing SuDS to create a ‘giant sponge’ effect, significantly reducing the town’s flood risk.
Community-based flood management is another vital approach, emphasizing local participation in flood risk assessment, planning, and response. Engaging communities fosters resilience and ensures that solutions are tailored to local needs and conditions.
In conclusion, addressing urban flooding in India requires a paradigm shift from conventional methods to innovative, sustainable, and community-driven approaches. Implementing nature-based solutions, sustainable drainage systems, and involving local communities can significantly enhance urban resilience against flooding.
See lessHow would you explain the Atlantic Meridional Overturning Circulation (AMOC)? Discuss the factors contributing to its recent decline and the potential consequences of this trend. (Answer in 150 words)
The Atlantic Meridional Overturning Circulation (AMOC) is a crucial system of ocean currents in the Atlantic Ocean, acting like a conveyor belt that transports warm, salty surface water from the tropics northward and returns cold, dense deep water southward. This circulation plays a vital role in reRead more
The Atlantic Meridional Overturning Circulation (AMOC) is a crucial system of ocean currents in the Atlantic Ocean, acting like a conveyor belt that transports warm, salty surface water from the tropics northward and returns cold, dense deep water southward. This circulation plays a vital role in regulating global climate by distributing heat and influencing weather patterns, particularly in Europe and North America.
Recent observations suggest a decline in the AMOC’s strength, potentially linked to several factors. Climate change is a significant contributor, as increased atmospheric temperatures lead to the melting of polar ice sheets, introducing large volumes of freshwater into the North Atlantic. This influx reduces the salinity and density of surface waters, hindering the sinking process that drives the AMOC. Additionally, higher ocean temperatures can directly decrease water density, further disrupting the circulation.
A weakened AMOC could have profound consequences. It may lead to cooler temperatures in Europe due to reduced heat transport, alter precipitation patterns causing droughts or floods, and contribute to rising sea levels along the eastern coast of North America. Moreover, changes in the AMOC can impact marine ecosystems and the global carbon cycle, potentially exacerbating climate change effects.
Understanding and monitoring the AMOC are essential for predicting future climate scenarios and implementing effective mitigation strategies.
See lessExplain the differences in the formation and functions of ozone in the troposphere and stratosphere. Additionally, discuss strategies to mitigate the impact of tropospheric ozone. ( 200 Words)
Differences in Ozone Formation and Functions Stratospheric Ozone ("Good Ozone"): Found 10-30 miles above the Earth. Created by the interaction of ultraviolet (UV) radiation with oxygen molecules. Shields living organisms from harmful UV radiation, reducing risks like skin cancer and cataracts. TropoRead more
Differences in Ozone Formation and Functions
Strategies to Mitigate Tropospheric Ozone
These measures can lower ozone formation and protect both health and ecosystems.
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