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Government Budgeting & Public Finance
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Discuss the role of the Finance Commission in the devolution of financial resources between the Union and state governments, and evaluate the fairness and adequacy of the transfers to the states, particularly in the context of the evolving Centre-state fiscal relations.
Role of the Finance Commission in the Devolution of Financial Resources The Finance Commission is a pivotal constitutional body in India responsible for ensuring a fair distribution of financial resources between the Union and state governments. Established under Article 280 of the Indian ConstitutiRead more
Role of the Finance Commission in the Devolution of Financial Resources
The Finance Commission is a pivotal constitutional body in India responsible for ensuring a fair distribution of financial resources between the Union and state governments. Established under Article 280 of the Indian Constitution, the Commission’s primary role is to recommend the distribution of the net proceeds of taxes between the Union and the states and among the states themselves.
Key Responsibilities:
Recent Examples and Developments:
Fairness and Adequacy of Transfers:
Equity Considerations:
Challenges and Criticisms:
Conclusion: The Finance Commission plays a crucial role in the devolution of financial resources by recommending equitable tax revenue distribution and providing grants to states. While its recommendations generally promote fairness, the adequacy of transfers remains a contentious issue, particularly in light of evolving fiscal challenges and intergovernmental dynamics. Continued assessment and adjustments are necessary to ensure that fiscal transfers are both fair and sufficient to meet the diverse needs of the states in a rapidly changing economic landscape.
See lessAnalyze the government's initiatives to improve the transparency and accountability of the budgetary process, such as the introduction of the Fiscal Responsibility and Budget Management (FRBM) Act, the publication of the Union Budget documents, and the implementation of the Direct Benefit Transfer (DBT) system, and their contribution to enhancing the credibility and effectiveness of public financial management.
Government Initiatives to Improve Transparency and Accountability in the Budgetary Process The Indian government has implemented several key initiatives to enhance transparency and accountability in the budgetary process. Notable among these are the Fiscal Responsibility and Budget Management (FRBM)Read more
Government Initiatives to Improve Transparency and Accountability in the Budgetary Process
The Indian government has implemented several key initiatives to enhance transparency and accountability in the budgetary process. Notable among these are the Fiscal Responsibility and Budget Management (FRBM) Act, the publication of Union Budget documents, and the Direct Benefit Transfer (DBT) system. Analyzing these initiatives provides insight into their role in improving the credibility and effectiveness of public financial management.
1. Fiscal Responsibility and Budget Management (FRBM) Act
2. Publication of Union Budget Documents
3. Direct Benefit Transfer (DBT) System
4. Overall Contribution to Public Financial Management
Conclusion
Government initiatives such as the FRBM Act, the publication of Union Budget documents, and the implementation of the DBT system have substantially improved transparency and accountability in the budgetary process. These efforts contribute to the credibility and effectiveness of public financial management by ensuring fiscal discipline, providing accessible information, and enhancing the efficiency of subsidy distribution. Continued focus on refining these initiatives and addressing implementation challenges will be crucial for sustaining and further improving public financial management.
See lessEvaluate the government's efforts to rationalize and prioritize public expenditure, including the use of zero-based budgeting, the identification of subsidies and other inefficient expenditures, and the allocation of resources to high-impact social and infrastructure projects, and their impact on the quality and efficiency of public spending.
Evaluation of Government Efforts to Rationalize and Prioritize Public Expenditure Rationalizing and prioritizing public expenditure is crucial for improving the quality and efficiency of public spending. The Indian government has undertaken several initiatives in this regard, including the adoptionRead more
Evaluation of Government Efforts to Rationalize and Prioritize Public Expenditure
Rationalizing and prioritizing public expenditure is crucial for improving the quality and efficiency of public spending. The Indian government has undertaken several initiatives in this regard, including the adoption of zero-based budgeting (ZBB), identification of subsidies and inefficient expenditures, and reallocation of resources to high-impact social and infrastructure projects. This analysis evaluates these efforts and their impact on public expenditure management.
1. Zero-Based Budgeting (ZBB)
2. Identification and Rationalization of Subsidies
3. Allocation of Resources to High-Impact Social and Infrastructure Projects
4. Overall Impact on Quality and Efficiency of Public Spending
Conclusion
The Indian government’s efforts to rationalize and prioritize public expenditure, through measures like zero-based budgeting, subsidy rationalization, and targeted investment in high-impact projects, have significantly improved the quality and efficiency of public spending. These initiatives have enhanced resource allocation, increased transparency, and contributed to better outcomes in social and infrastructure development. Ongoing efforts to address implementation challenges and refine these strategies will be crucial for sustaining and further enhancing the effectiveness of public expenditure.
See lessExplain the budget making process of the Government of India. Also explain the difference between plan expenditure and non-plan expenditure. (125 Words) [UPPSC 2023]
Budget Making Process of the Government of India The budget-making process in India involves several key stages: 1. Preparation: Departments prepare estimates of their expenditures and revenues. These are compiled by the Ministry of Finance. 2. Approval: The draft budget is presented to the Union CaRead more
Budget Making Process of the Government of India
The budget-making process in India involves several key stages:
1. Preparation: Departments prepare estimates of their expenditures and revenues. These are compiled by the Ministry of Finance.
2. Approval: The draft budget is presented to the Union Cabinet for approval before being introduced in Parliament, typically in February.
3. Discussion: The budget is discussed in both houses of Parliament, where members can suggest changes.
4. Approval: After discussions, the budget is voted on, and once approved, it becomes law.
Difference Between Plan Expenditure and Non-Plan Expenditure
1. Plan Expenditure: This refers to expenses incurred on government schemes and projects aimed at economic development. For example, allocations for infrastructure projects under the National Infrastructure Pipeline.
2. Non-Plan Expenditure: This covers the government’s regular expenses, such as salaries, pensions, and interest payments. For instance, social welfare schemes like Mahatma Gandhi NREGA fall under this category.
In recent budgets, there has been a shift towards increasing non-plan expenditure to address social challenges while maintaining development through plan expenditure.
See lessWhat are the main concepts of the indian budgets session and the current tax slabe
The Indian Budget session is an essential annual event where the government presents its financial plan for the upcoming fiscal year. The session includes the presentation of the Union Budget, which outlines the government's revenue and expenditure plans, economic priorities, and policy initiatives.Read more
The Indian Budget session is an essential annual event where the government presents its financial plan for the upcoming fiscal year. The session includes the presentation of the Union Budget, which outlines the government’s revenue and expenditure plans, economic priorities, and policy initiatives. Key concepts include:
1. **Revenue Receipts:** Income generated from taxes (income tax, GST) and non-tax sources (dividends, interest).
2. **Expenditure:** The government’s spending on sectors like defense, infrastructure, health, and education.
3. **Fiscal Deficit:** The gap between the government’s expenditure and its revenue, often financed through borrowing.
4. **Capital Budget:** Allocations for asset creation like infrastructure projects.
5. **Subsidies and Social Welfare:** Funds allocated for schemes like food subsidies, healthcare, and rural development.
### Current Income Tax Slabs (FY 2023-24):
#### Under the New Tax Regime:
– **Up to ₹2.5 lakh:** Nil
– **₹2.5 lakh to ₹5 lakh:** 5%
– **₹5 lakh to ₹7.5 lakh:** 10%
– **₹7.5 lakh to ₹10 lakh:** 15%
– **₹10 lakh to ₹12.5 lakh:** 20%
– **₹12.5 lakh to ₹15 lakh:** 25%
– **Above ₹15 lakh:** 30%
#### Under the Old Tax Regime (with exemptions):
– **Up to ₹2.5 lakh:** Nil
– **₹2.5 lakh to ₹5 lakh:** 5%
– **₹5 lakh to ₹10 lakh:** 20%
– **Above ₹10 lakh:** 30%
Taxpayers can choose between the old regime, which offers deductions and exemptions, and the new regime, which has lower rates but no exemptions.
See lessWhat role does the government of a country have in organising the Games?
The government plays a crucial role in organizing large-scale events like the Olympic Games or other major international sports competitions. Here are some of the key responsibilities typically handled by the government: 1. Bid Support: The government often supports a city or country'sRead more
The government plays a crucial role in organizing large-scale events like the Olympic Games or other major international sports competitions. Here are some of the key responsibilities typically handled by the government:
1. Bid Support:
The government often supports a city or country’s bid to host the Games. This involves providing financial guarantees, political backing, and diplomatic efforts to win the bid.
2. Funding and Infrastructure:
Governments typically finance a significant portion of the infrastructure required for the Games, including sports venues, transportation systems, and accommodation facilities.
They also oversee and fund the construction or upgrading of infrastructure such as roads, airports, and public transport networks.
3. Security:
Ensuring the safety and security of participants, spectators, and residents is a primary responsibility. The government organizes and coordinates security measures, including police, military, and intelligence services.
4. Legal and Regulatory Framework:
Governments may need to pass specific legislation or modify existing laws to facilitate the organization of the Games. This could include immigration laws, tax exemptions, or special regulations for construction projects.
5. Public Services:
The government ensures that essential public services, such as healthcare, emergency response, and sanitation, are adequately provided during the Games.
6. Environmental and Social Impact:
Governments are often involved in managing the environmental and social impact of the Games. This could include sustainability initiatives, community engagement, and ensuring that the event leaves a positive legacy.
7. Coordination and Oversight:
The government typically works closely with the organizing committee and other stakeholders, such as the International Olympic Committee (IOC), to coordinate efforts and ensure that all aspects of the Games are executed smoothly.
8. Promotion and Diplomacy:
Hosting the Games is often seen as a matter of national pride. Governments are involved in promoting the event both domestically and internationally, using it as an opportunity to enhance the country’s global image and influence.
9. Crisis Management:
In case of unforeseen events, such as natural disasters or political unrest, the government is responsible for managing crises and ensuring the Games can continue safely or be rescheduled if necessary.
The government’s role is to ensure that the Games are not only successful in the short term but also beneficial for the host country in the long term, contributing to its social, economic, and environmental goals.
What role does the government of a country have in organising the Games? Answer in 200 words
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The government plays a pivotal role in organizing large-scale events like the Olympic Games. It typically supports the bid to host the Games by providing financial guarantees and political backing. Once a bid is won, the government is responsible for funding and overseeing the construction of essential infrastructure, such as sports venues, transportation systems, and accommodations.
Security is a critical aspect, with the government coordinating efforts to ensure the safety of participants, spectators, and residents. This involves the deployment of police, military, and intelligence services. The government may also need to adapt or create legal frameworks to facilitate the organization of the Games, such as laws related to immigration, taxation, and construction.
Furthermore, the government ensures that public services, including healthcare and emergency response, are adequately provided. It also manages the environmental and social impact of the Games, focusing on sustainability and community engagement.
The government works closely with the organizing committee and international bodies, such as the International Olympic Committee (IOC), to coordinate all aspects of the event. Overall, the government’s involvement is crucial for the successful execution and legacy of the Games, ensuring they benefit the host country both during and after the event.
See lessDiscuss the government's strategies to enhance revenue generation, such as the implementation of the Goods and Services Tax (GST), the expansion of the tax base, and the drive to improve tax compliance, and assess their effectiveness in improving the government's fiscal position.
Government Strategies to Enhance Revenue Generation To improve its fiscal position and enhance revenue generation, the Indian government has employed several strategic measures. These include the implementation of the Goods and Services Tax (GST), the expansion of the tax base, and efforts to improvRead more
Government Strategies to Enhance Revenue Generation
To improve its fiscal position and enhance revenue generation, the Indian government has employed several strategic measures. These include the implementation of the Goods and Services Tax (GST), the expansion of the tax base, and efforts to improve tax compliance. Each of these strategies plays a crucial role in augmenting revenue streams and addressing fiscal deficits.
1. Implementation of Goods and Services Tax (GST)
GST Introduction and Objectives: The GST, implemented on July 1, 2017, was a significant reform aimed at creating a unified tax structure across India. Its primary objectives were to simplify the tax regime, reduce the cascading effect of taxes, and broaden the tax base.
Recent Developments:
Rate Adjustments: The GST Council has periodically revised tax rates and introduced measures to streamline the process, such as the recent reduction in GST rates for essential goods.
Technology Integration: The government has upgraded the GST Network (GSTN) to improve efficiency, with enhancements in filing procedures and compliance mechanisms.
Effectiveness:
Revenue Growth: Post-GST implementation, there was an initial increase in tax collections. For instance, GST revenue collections in FY 2023-24 showed a robust growth trend, surpassing ₹1.5 lakh crore per month on average.
Challenges: Despite improvements, challenges remain such as compliance issues among small businesses and disputes regarding the distribution of GST revenue between states and the central government.
2. Expansion of the Tax Base
Initiatives for Broader Tax Base:
Income Tax Reforms: Measures like the introduction of faceless assessments and e-filing systems have been designed to facilitate a broader tax base and improve transparency.
Direct Benefit Transfer (DBT): The DBT scheme has helped in better targeting of subsidies, reducing leakages, and encouraging individuals to enter the formal economy.
Recent Examples:
Digital Economy: With the growth of the digital economy, the government has increased scrutiny and regulation of online transactions to capture a larger share of revenue.
Corporate Tax Reforms: Reductions in corporate tax rates and incentives for new manufacturing companies aim to stimulate investment and, subsequently, tax revenue.
Effectiveness:
Increased Tax Payers: There has been a noticeable rise in the number of individual income taxpayers and corporate tax filers. For example, the number of individual taxpayers increased significantly after the implementation of new compliance measures.
Ongoing Challenges: The informal sector remains a challenge, as it is difficult to track and integrate into the formal tax structure.
3. Drive to Improve Tax Compliance
Government Measures:
Enhanced Enforcement: The Income Tax Department has intensified its efforts to combat tax evasion through measures such as data analytics and increased scrutiny of high-value transactions.
Public Awareness Campaigns: Initiatives aimed at educating taxpayers about their responsibilities and the benefits of tax compliance have been rolled out.
Recent Examples:
Operation Clean Money: This initiative targets large cash deposits and high-value transactions that may be indicative of tax evasion.
Faceless Tax Assessment: Implemented to reduce human intervention and bias, improving the efficiency and fairness of tax assessments.
Effectiveness:
Improved Compliance Rates: The number of tax returns filed and the level of voluntary compliance have increased. For instance, there was a marked increase in the number of returns filed post-implementation of the faceless assessment scheme.
Continuing Issues: Despite improvements, there are persistent challenges such as enforcement in rural areas and among smaller businesses.
Assessment of Effectiveness
Overall, these strategies have had a positive impact on improving the government’s fiscal position. The GST has streamlined tax collection and increased revenue, the expansion of the tax base has incorporated more individuals and businesses into the formal economy, and improved tax compliance measures have enhanced revenue collection efficiency.
However, challenges persist, including issues with GST implementation, tax compliance among small businesses, and the informal sector. Continued reform and adaptation will be necessary to address these challenges and sustain the improvements in revenue generation.
See lessHow can governments balance the need to reduce public debt with the need to maintain economic growth and stability, and what are the potential risks and trade-offs associated with different debt reduction strategies?
Balancing the need to reduce public debt with maintaining economic growth and stability is a complex task that requires careful consideration of various economic policies and their implications. Here are key strategies, their potential risks, and the trade-offs associated with them: Strategies for RRead more
Balancing the need to reduce public debt with maintaining economic growth and stability is a complex task that requires careful consideration of various economic policies and their implications. Here are key strategies, their potential risks, and the trade-offs associated with them:
Strategies for Reducing Public Debt
1. Fiscal Consolidation
Description: This involves reducing budget deficits through spending cuts and/or tax increases.
Potential Risks and Trade-offs:
Short-term Economic Contraction: Spending cuts and higher taxes can reduce aggregate demand, potentially leading to slower economic growth or even recession.
Social Impact: Cuts in public spending, especially on social services, can affect the most vulnerable populations.
Political Challenges: Fiscal consolidation can be politically unpopular, leading to resistance and instability.
2. Economic Growth
Description: Promoting economic growth increases government revenues without raising tax rates and reduces the debt-to-GDP ratio.
Potential Risks and Trade-offs:
Inflation: Rapid growth can lead to inflation, which, if uncontrolled, can harm the economy.
Sustainability: Growth strategies need to be sustainable. Over-reliance on temporary growth spurts (e.g., from asset bubbles) can lead to future instability.
3. Structural Reforms
Description: Implementing reforms to improve economic efficiency and productivity (e.g., labor market reforms, regulatory simplifications).
Potential Risks and Trade-offs:
Implementation Challenges: Structural reforms can be difficult to implement and may face political resistance.
Short-term Disruption: Reforms can cause short-term economic disruptions, especially if they involve significant changes to existing systems.
4. Privatization of State Assets
Description: Selling government-owned assets to raise funds.
Potential Risks and Trade-offs:
One-time Solution: Privatization provides a one-time boost to revenue but does not address underlying fiscal imbalances.
Public Opposition: Selling state assets can face public and political opposition, particularly if it involves essential services.
Long-term Revenue Loss: Future government revenues may decline if profitable state-owned enterprises are privatized.
5. Debt Restructuring or Relief
Description: Negotiating with creditors to reduce the debt burden, through measures like extending payment periods or reducing interest rates.
Potential Risks and Trade-offs:
Creditworthiness: Debt restructuring can damage a country’s credit rating, making future borrowing more expensive.
Investor Confidence: It may undermine investor confidence, leading to capital flight or reduced investment.
6. Inflation
Description: Allowing moderate inflation can reduce the real value of debt.
Potential Risks and Trade-offs:
Uncontrolled Inflation: If not managed carefully, inflation can spiral out of control, leading to economic instability.
Erosion of Savings: Inflation erodes the value of savings, potentially reducing consumer spending and investment.
Balancing Debt Reduction with Growth and Stability
Gradual Implementation:Phased Approach: Implementing fiscal consolidation gradually can help mitigate negative short-term impacts on growth.
Stabilization Programs: Combining fiscal consolidation with measures to stabilize and stimulate the economy can help maintain growth.
Targeted Spending:
Protecting Investments: Ensuring that spending cuts do not affect critical investments in infrastructure, education, and health can support long-term growth.
Efficiency Improvements: Focusing on improving the efficiency of public spending can reduce deficits without compromising essential services.
Revenue Enhancement:
Broadening the Tax Base: Enhancing revenue through tax reforms that broaden the tax base and improve compliance can increase revenues without raising rates.
Progressive Taxation: Implementing progressive taxes can ensure that the burden of fiscal consolidation is shared more equitably.
Promoting Private Sector Growth:
Business Environment: Creating a favorable environment for private sector investment can drive growth.
See lessInnovation and Competitiveness: Supporting innovation and competitiveness can lead to sustainable economic expansion.
Conclusion
Balancing debt reduction with economic growth and stability requires a mix of strategies tailored to the specific economic context. Policymakers need to consider the potential risks and trade-offs associated with each strategy and aim for a balanced approach that maintains social equity, promotes sustainable growth, and ensures long-term fiscal health. Engaging with stakeholders and maintaining flexibility to adjust policies as circumstances change are crucial for achieving these goals.
Analyze the government's fiscal consolidation efforts, including the targets set for the fiscal deficit and debt-to-GDP ratio, and evaluate their impact on India's macroeconomic stability, investment climate, and social welfare spending.
Analysis of the Government's Fiscal Consolidation Efforts Fiscal consolidation involves measures to reduce government deficits and debt levels, aiming to achieve macroeconomic stability and sustainability. This analysis covers India’s fiscal consolidation efforts, including targets for the fiscal deRead more
Analysis of the Government’s Fiscal Consolidation Efforts
Fiscal consolidation involves measures to reduce government deficits and debt levels, aiming to achieve macroeconomic stability and sustainability. This analysis covers India’s fiscal consolidation efforts, including targets for the fiscal deficit and debt-to-GDP ratio, and evaluates their impact on macroeconomic stability, the investment climate, and social welfare spending.
1. Fiscal Consolidation Targets and Efforts
Fiscal Deficit Targets: The fiscal deficit represents the gap between the government’s total revenue and expenditure. India has set targets to reduce this deficit to maintain fiscal discipline and ensure economic stability.
Recent Example: The Fiscal Responsibility and Budget Management (FRBM) Act sets a target for the fiscal deficit to be reduced to 3% of GDP. In the Union Budget 2024-25, the government aimed to achieve a fiscal deficit of 3.3% of GDP, down from 6.4% in the previous year, reflecting ongoing consolidation efforts.
Debt-to-GDP Ratio Targets: The debt-to-GDP ratio measures the government’s total debt as a percentage of GDP. Managing this ratio is crucial for ensuring debt sustainability and avoiding excessive borrowing costs.
Recent Example: The FRBM Act targets a reduction in the debt-to-GDP ratio to 60% for the general government (central and state governments combined). As of 2024, India’s debt-to-GDP ratio stands at approximately 90%, prompting continued efforts to lower this ratio through fiscal consolidation.
Fiscal Reforms: The government has implemented several fiscal reforms to achieve consolidation targets, including tax reforms, expenditure rationalization, and enhanced revenue collection.
Recent Example: The Goods and Services Tax (GST) implementation in 2017 aimed to streamline tax collection and improve revenue efficiency, contributing to fiscal consolidation efforts.
2. Impact on Macroeconomic Stability
Enhanced Investor Confidence: Achieving fiscal consolidation targets improves investor confidence by demonstrating the government’s commitment to fiscal discipline and macroeconomic stability. This can lead to increased foreign and domestic investment.
Recent Example: The fiscal consolidation strategy and improved fiscal metrics contributed to India’s BBB- credit rating by agencies like S&P Global, signaling stable economic fundamentals and enhancing investor confidence.
Inflation Control: Fiscal consolidation can help control inflation by reducing excessive government borrowing, which in turn lowers pressure on interest rates and prevents overheating of the economy.
Recent Example: The reduction in the fiscal deficit has helped the Reserve Bank of India (RBI) manage inflation more effectively, contributing to a relatively stable inflation rate around 5% in recent years.
Debt Sustainability: By working towards reducing the debt-to-GDP ratio, the government aims to ensure long-term debt sustainability, avoiding excessive debt servicing costs and maintaining economic stability.
Recent Example: The Debt Management Strategy outlined in the Union Budget focuses on reducing high-cost debt and extending the maturity profile of government bonds, contributing to debt sustainability.
3. Impact on Investment Climate
Increased Infrastructure Investment: Fiscal consolidation efforts often lead to improved fiscal health, allowing for increased public investment in infrastructure and development projects, which can boost economic growth.
Recent Example: The National Infrastructure Pipeline (NIP), launched in 2020, aims to invest ₹111 lakh crore in infrastructure projects, supported by improved fiscal health and targeted public investment.
Reduced Borrowing Costs: By achieving fiscal consolidation targets, the government can reduce its borrowing costs, which can lower interest rates across the economy and stimulate private investment.
Recent Example: The government’s fiscal prudence has contributed to a decline in 10-year government bond yields from over 7% to around 6% in recent years, reducing borrowing costs for businesses.
Investor Sentiment: A credible fiscal consolidation path can enhance investor sentiment by signaling a stable and predictable economic environment, attracting both domestic and foreign investment.
Recent Example: Reforms and consolidation efforts have bolstered the attractiveness of India’s equity and bond markets, leading to increased foreign portfolio investments.
4. Impact on Social Welfare Spending
Expenditure Constraints: Fiscal consolidation can impose constraints on social welfare spending as the government may prioritize reducing the deficit over increasing expenditure on social programs.
Recent Example: The Pradhan Mantri Awaas Yojana (PMAY) and National Health Mission (NHM) have seen budget constraints, with limited increases in allocations due to the focus on fiscal consolidation.
Balanced Spending Approach: The government has aimed to balance fiscal consolidation with social welfare needs by prioritizing targeted welfare programs and rationalizing expenditure.
Recent Example: The National Food Security Act (NFSA) and Jan Dhan Yojana continue to receive significant attention and funding, reflecting the government’s effort to maintain social welfare spending despite consolidation efforts.
Long-Term Benefits: Effective fiscal consolidation can ultimately support sustainable funding for social welfare programs by ensuring a stable economic environment and reducing the need for high-interest debt.
Recent Example: Investments in infrastructure and social programs under the NITI Aayog’s Aspirational Districts Programme demonstrate the government’s commitment to inclusive growth, supported by improved fiscal stability.
Conclusion
India’s fiscal consolidation efforts, including targets for the fiscal deficit and debt-to-GDP ratio, play a crucial role in maintaining macroeconomic stability, enhancing the investment climate, and managing social welfare spending. While these efforts have contributed to improved investor confidence, lower borrowing costs, and better debt sustainability, they also present challenges in balancing fiscal discipline with the need for social welfare. The government’s approach to achieving fiscal targets while supporting key social programs reflects a nuanced strategy aimed at fostering long-term economic stability and inclusive growth.
See lessHow can India find the best way to Identify talents in sports such as Olympics?
To identify and nurture talents in sports like the Olympics, India can adopt a comprehensive and multi-pronged approach: Grassroots Development: Establish sports programs in schools and communities to identify young talent early. Incorporate regular sports activities and competitions as part of theRead more
To identify and nurture talents in sports like the Olympics, India can adopt a comprehensive and multi-pronged approach:
By implementing these strategies, India can systematically identify and nurture sports talent, increasing the chances of success in international competitions like the Olympics.
See less