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Indian Economy

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Home/Indian Economy/Page 25

Mains Answer Writing Latest Questions

Kritika Chandrakar
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Kritika ChandrakarBegginer
Asked: July 24, 2024In:
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question
  1. arti bedre
    arti bedre Begginer

    Green Technologies and Renewable Energy: As societies shift towards renewable energy sources like solar, wind, and hydroelectric power, there is a growing demand for engineers, technicians, and workers skilled in these technologies.   Energy Efficiency and Conservation: Businesses and householdRead more

    Green Technologies and Renewable Energy: As societies shift towards renewable energy sources like solar, wind, and hydroelectric power, there is a growing demand for engineers, technicians, and workers skilled in these technologies.

     

    Energy Efficiency and Conservation: Businesses and households are increasingly focused on reducing energy consumption and improving efficiency. This trend creates opportunities for energy auditors, sustainability consultants, and HVAC technicians specializing in energy-efficient systems.

     

    Environmental Protection and Conservation: Jobs related to environmental conservation, such as wildlife conservationists, environmental scientists, and forestry workers, are crucial for maintaining biodiversity and ecosystems.

     

    Waste Management and Recycling: With a greater emphasis on reducing waste and promoting recycling, there is a need for waste management specialists, recycling coordinators, and workers in recycling facilities.

     

    Sustainable Agriculture and Food Systems: Organic farming, permaculture, and sustainable agricultural practices require skilled farmers, agronomists, and agricultural engineers.

     

    Green Construction and Sustainable Architecture: Construction companies are increasingly adopting green building practices, leading to demand for architects, engineers, and construction workers trained in sustainable construction methods.

     

    Transportation: The shift towards electric vehicles (EVs) and public transportation systems creates opportunities for engineers specializing in EV technology, urban planners, and public transit operators.

     

    Education and Advocacy: There is a growing demand for educators and advocates who can promote sustainable practices and raise awareness about environmental issues.

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Puja Singh
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Puja SinghBegginer
Asked: July 23, 2024In:
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Analyze the government’s initiatives to encourage the green and sustainable mobilization of resources, including the introduction of green financing guidelines, the promotion of green bonds, and the increased funding for renewable energy, and evaluate how well they support India’s efforts ...

upsc: mobilization of resources
  1. nxnnniii
    nxnnniii Begginer

    The Indian government has strategically prioritized green and sustainable resource mobilization to combat climate change. Significant efforts include increased funding for renewable energy projects through initiatives like the National Solar Mission and the Green Energy Corridors project. These aimRead more

    The Indian government has strategically prioritized green and sustainable resource mobilization to combat climate change. Significant efforts include increased funding for renewable energy projects through initiatives like the National Solar Mission and the Green Energy Corridors project. These aim to enhance India’s renewable energy capacity, reducing dependency on fossil fuels and mitigating greenhouse gas emissions.

     

    Moreover, the promotion of green bonds and introduction of green financing guidelines have encouraged private sector participation in sustainable development. This has mobilized capital towards environmentally friendly projects, fostering innovation in renewable technologies and infrastructure.

     

    These strategies play a crucial role in India’s climate change mitigation and adaptation efforts by aligning economic growth with environmental sustainability. They contribute to reducing India’s carbon footprint, improving energy security, and enhancing resilience to climate impacts. However, challenges such as policy implementation hurdles and financial constraints remain, necessitating continued commitment to scaling up green investments and ensuring inclusive and equitable development across regions.

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Anil Bhargav
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Anil BhargavBegginer
Asked: July 20, 2024In:
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Describe what gender budgeting is. What relevance does this idea have in India? Has the government made any efforts to put this idea into effect?

upsc: government budgeting & public finance
  1. Rupali Sharma
    Rupali Sharma Begginer

    Gender Budgeting refers to integrating gender perspective in preparation, analysis and assessment of budgets and policies and translating gender commitments into budgetary operations. It is put into use by embedding gender-specific goals in fiscal policies by emphasizing on reprioritization rather tRead more

    Gender Budgeting refers to integrating gender perspective in preparation, analysis and assessment of budgets and policies and translating gender commitments into budgetary operations. It is put into use by embedding gender-specific goals in fiscal policies by emphasizing on reprioritization rather than an increase in overall public expenditure or creation of a separate budget. It aims to achieve gender mainstreaming in legislation, policies and programmes to ensure that benefits and development reach women.

    Significance of gender budgeting in India:

    • It increases transparency and accountability of the budgeting process, as it highlights the proportional expenditure on both genders and the method/process of the expenditure.
    • It will help in achieving SDG-5, related to achieving gender equality and empowering all women and girls.
    • Special attention would address female’s vulnerabilities and provide them access to resources and improve their performance on social indicators like health, education etc.
    • Conscious efforts to create economic opportunities for women can help increase the female workforce participation rate, which remains low and consequently boost GDP.
    • Integrating gender perspective into macroeconomic policy improves equity of the overall budget process.

    The Centre and states have taken various steps to adopt gender budgeting, such as:

    • The first significant attempt at making gender-sensitive resource allocation was the “Women’s Component Plan” (WCP) as a part of the Ninth Five-Year Plan (1997-2002), which earmarked 30% of developmental funds for women under various schemes of ministries/departments.
    • India adopted the WCP as a budgetary strategy in 2004-05 and since then it has been institutionalized in the annual budget by incorporating the gender budget statement. This statement highlights the annual budget allocation for welfare schemes for women by categorizing them as “Women-Specific Schemes” (100% fund allocation for women) and “Pro- Women Schemes” (where at least 30% of the allocation is for women).
    • A Gender Budgeting Secretariat has been placed in the Ministry of Finance, and central ministries and departments have been mandated to set up gender budgeting cells to initiate and take forward the gender budgetary strategy.
    • The Ministry of Women and Child Development has come up with guidelines for integrating gender budgeting into beneficiary-oriented schemes.
    • Many states and union territories such as Rajasthan, Gujarat, Karnataka, Kerala, Andaman and Nicobar islands, Dadra and Nagar Haveli etc. have taken significant steps to institutionalise gender budgeting.

    Apart from these, there is a need to significantly increase the budgetary allocation for women, as funds allocated for Gender Responsive Budgeting are approximately 5% of the public expenditure and less than 1% of GDP. Further, careful analysis of gender-oriented schemes before launching and post implementation would go a long way in curbing gender inequalities and contributing to the overall development.

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Jayashree Hegde
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Jayashree HegdeBegginer
Asked: July 25, 2024In:
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What are the steps our government should take towards food safety for the people of the nation?

  1. Abinaya S
    Abinaya S Begginer

    The steps a government can take to enhance food safety includes: Implement a Robust Inspection System: One of the most important duties of every government is to safeguard public health by ensuring food safety. Frequent Inspections: To guarantee adherence to food safety regulations, conduct routineRead more

    The steps a government can take to enhance food safety includes:

    • Implement a Robust Inspection System: One of the most important duties of every government is to safeguard public health by ensuring food safety.
    1. Frequent Inspections: To guarantee adherence to food safety regulations, conduct routine inspections of farms, processing facilities, distribution hubs, and retail stores.
    2. Risk-Based strategy: To efficiently allocate resources and prioritize inspections, use a risk-based strategy.
    • Increase Public Awareness and Education:
    1. Customer Education: Run public awareness programs to inform customers about safe food handling, storage, and preparation techniques.
    2. School Programs: Include instruction on food safety in the curriculum to help students develop good habits at a young age.
    • Enhance Food Testing and Research:
    1. Invest in modernizing food testing laboratories to detect contaminants and pathogens, and support research on food safety to develop new methods for detecting and preventing illnesses, including genetic engineering to make crops pest-resistant.
    • Prepare for and Respond to Food Safety Emergencies:
    1. Develop and maintain an emergency response plan for foodborne illness outbreaks, tracing contamination sources, notifying public, and taking corrective actions, regularly updating plans and establishing rapid response teams.
    • Integrated Food Safety System:
    1. Develop an integrated food safety system that involves all stakeholders, including government agencies, industry, and consumers, to create a cohesive approach to food safety.
    • Technology and Innovation:
    1. Encourage the use of technology and innovation in food safety, such as blockchain for traceability, artificial intelligence for predictive analytics, and mobile apps for reporting and information dissemination.

     

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Team
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TeamSupreme
Asked: September 30, 2024In:
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IS PRECISION AGRICULTURE PANACEA FOR INDIAN AGRICULTURE SYSTEM,DISCUSS? 150WORDS.

agriculture technology
  1. Anita Dhruw
    Anita Dhruw Legend

    PRECISION AGRICULTURE IS PANACEA FOR INDIAN AGRICULTURE SYSTEM. let's talk about needs first. Currently, India has to find ways on how it could provide sufficient food to its growing number of people without aggravating the land and water issues. The Need for Better Yield in Agriculture • ProvidingRead more

    PRECISION AGRICULTURE IS PANACEA FOR INDIAN AGRICULTURE SYSTEM. let’s talk about needs first.

    Currently, India has to find ways on how it could provide sufficient food to its growing number of people without aggravating the land and water issues.

    The Need for Better Yield in Agriculture

    • Providing food for 1.7 billion people in 2050
    • Needs four times more land, three times more water, six times more manpower
    • Food production must be intensified especially with the aim of feeding the world’s increasing population in a sustainable manner.

    Precision Farming:

    • Offering the appropriate agricultural input in the correct time and location and in the right measure
    • Also referred to as precision farming or the four Vs of agriculture; variation, variation, variation.
    • Enabling one to provide a better and specific management aimed at some conditions prevailing in a farm field.

    Promise and Progress in India:

    • Majority of the Indian publications point that it is important that the precision techniques are adopted
    • Sprinkler is sometimes termed as drip irrigation method.
    TIN 6 • Tamil Nadu Precision Farming Project basically concentrates on the promotion of drip irrigation.

    Precision Agriculture brings positive impact on farmers:
    This paper focuses on the aspect of technology used in precision agriculture.
    Precision agriculture utilizes GPS or GNSS to implement processes that consist of observing, measuring or acting regarding field variability. This helps in making of data based resource management decisions.

    Benefits for Small Farms:
    Small farms have some potential for enhancing the use of precision technologies such as tractor guidance. This could mean lower input costs and higher revenue, a great possibility of saving on economic and environmental costs. Advantages include lowering of operating personnel stress and greater productivity with extra hours in harsh conditions.

    Small scale farmers seem to adopt package technology at a higher rate than the large scale farmers do.
    New agricultural technologies have the greatest potential with small farms, which is why there is talk of “big data for small farmers.”

    Main Problems and Prospects:

    • Substantial volumes for potential but adoption is still quite low and not evenly distributed in India
    • Requires financial instruments and policies for the expansion of take-up.
    • Extensive opportunity for the improvement of productivity and sustainability at the same time.

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Ashok Kumar
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Ashok KumarBegginer
Asked: July 23, 2024In:
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Examine government programs aimed at advancing green manufacturing and the circular economy. Talk about the difficulties the manufacturing industry faces in maintaining a sustainable environment, using resources wisely, and adhering to international standards.

upsc: manufacturing sector
  1. Vaibhav Mishra
    Vaibhav Mishra Begginer

    The manufacturing sector faces several significant challenges related to environmental sustainability, resource efficiency, and compliance with global standards. Here's an overview of these challenges and an analysis of government initiatives to promote green manufacturing and the circular economy:Read more

    The manufacturing sector faces several significant challenges related to environmental sustainability, resource efficiency, and compliance with global standards. Here’s an overview of these challenges and an analysis of government initiatives to promote green manufacturing and the circular economy:

    Challenges in the Manufacturing Sector
    1. Environmental Sustainability
    Pollution and Emissions: Manufacturing processes often produce significant amounts of pollutants and greenhouse gases, contributing to air and water pollution and climate change.
    Waste Management: The sector generates a large volume of waste, including hazardous materials, which pose risks to the environment and human health.
    Energy Consumption: Manufacturing is energy-intensive, relying heavily on fossil fuels, which leads to high carbon footprints.
    2. Resource Efficiency
    Resource Depletion: The extraction and use of raw materials for manufacturing lead to the depletion of natural resources, putting pressure on ecosystems.
    Water Usage: Manufacturing processes require substantial amounts of water, leading to challenges in regions with water scarcity.
    Material Efficiency: There is often inefficiency in the use of materials, resulting in significant wastage during production.
    3. Compliance with Global Standards
    Regulatory Compliance: Manufacturers must adhere to a myriad of environmental regulations and standards, which vary by country and region, making compliance complex and costly.
    Sustainability Standards: Meeting international sustainability standards, such as ISO 14001 (environmental management) and ISO 50001 (energy management), requires significant investment in systems and processes.
    Supply Chain Management: Ensuring that the entire supply chain adheres to environmental and sustainability standards is challenging, particularly for global operations.
    Government Initiatives to Promote Green Manufacturing and Circular Economy
    Governments around the world are implementing various initiatives to address these challenges and promote more sustainable manufacturing practices:

    1. Policy and Regulatory Frameworks
    Environmental Regulations: Governments are tightening regulations related to emissions, waste management, and resource use. This includes setting limits on pollutants and mandating recycling and waste reduction measures.
    Incentives for Green Technologies: Financial incentives, such as tax breaks, grants, and subsidies, are provided to manufacturers that invest in environmentally friendly technologies and practices.
    Carbon Pricing: Implementing carbon taxes or cap-and-trade systems to encourage manufacturers to reduce their carbon footprints.
    2. Promoting Resource Efficiency
    Resource Efficiency Programs: Initiatives to improve material efficiency, reduce waste, and promote the use of recycled materials in manufacturing processes.
    Water Conservation Policies: Encouraging the adoption of water-saving technologies and practices in manufacturing to address water scarcity issues.
    3. Supporting Innovation and Research
    Research and Development (R&D): Funding R&D initiatives focused on developing sustainable manufacturing technologies, such as renewable energy, energy-efficient processes, and advanced recycling methods.
    Public-Private Partnerships: Collaboration between government, industry, and academia to drive innovation and adoption of green manufacturing practices.
    4. Circular Economy Promotion
    Circular Economy Strategies: Developing national and regional strategies to promote the circular economy, which involves keeping resources in use for as long as possible, extracting maximum value, and recovering and regenerating products and materials at the end of their service life.
    Extended Producer Responsibility (EPR): Mandating that manufacturers take responsibility for the entire lifecycle of their products, including end-of-life management and recycling.
    5. International Collaboration and Standards
    Global Agreements: Participating in international agreements and initiatives, such as the Paris Agreement, to collectively address environmental challenges.
    Standardization Efforts: Supporting the development and adoption of international sustainability standards to ensure consistency and facilitate global trade.
    Conclusion
    The manufacturing sector faces significant challenges in achieving environmental sustainability, resource efficiency, and compliance with global standards. However, through robust government initiatives, such as regulatory frameworks, incentives for green technologies, support for innovation, and promotion of the circular economy, there is a concerted effort to drive the sector towards more sustainable practices. Collaboration between governments, industry, and other stakeholders is crucial to overcoming these challenges and ensuring a sustainable future for manufacturing.

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Zeeshan Ansari
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Zeeshan AnsariBegginer
Asked: July 28, 2024In: , ,
  • 1

save lifesave treesource of energy
  1. Rajesh Meena
    Rajesh Meena Begginer

    You're absolutely right. Saving trees is crucial for preserving and protecting life on our planet. Here are some key reasons why we should make tree conservation a priority: Oxygen Production: Trees are the lungs of the Earth, absorbing carbon dioxide and releasing oxygen through photosynthesis. TheRead more

    You’re absolutely right. Saving trees is crucial for preserving and protecting life on our planet. Here are some key reasons why we should make tree conservation a priority:

    1. Oxygen Production: Trees are the lungs of the Earth, absorbing carbon dioxide and releasing oxygen through photosynthesis. They are essential for maintaining a healthy and breathable atmosphere.
    2. Climate Regulation: Trees play a vital role in regulating the climate by absorbing and storing carbon dioxide, which helps mitigate the effects of climate change. Deforestation significantly contributes to global warming.
    3. Biodiversity: Forests and trees provide habitat and support a vast array of plant and animal species, maintaining the delicate balance of ecosystems. Protecting trees helps preserve biodiversity and prevent the loss of species.
    4. Soil Conservation: Trees help prevent soil erosion, stabilize the ground, and replenish the soil with nutrients through leaf litter and root systems. This is crucial for sustainable agriculture and maintaining fertile land.
    5. Water Cycle Regulation: Trees help regulate the water cycle by absorbing and releasing water, preventing floods, and maintaining groundwater levels. They also filter and purify water, providing clean drinking water.
    6. Air Pollution Mitigation: Trees can absorb and filter various air pollutants, improving air quality and reducing the harmful effects of air pollution on human health.
    7. Human Well-being: Interacting with nature and spending time in forested areas has been shown to have numerous benefits for physical and mental health, reducing stress and promoting overall well-being.
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Pallavi Nagnath Shende
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Pallavi Nagnath Shende
Asked: July 25, 2024In: , , , , , ,
  • 0

Enhancing the income of farmers is crucial for sustainable agriculture and rural development. Here are several strategies to achieve this: Diversification: Encouraging farmers to diversify their crops and livestock can reduce risks and increase income. Growing high-value crops, engaging in horticulture, ...

  1. Ansh Chaurasiya
    Ansh Chaurasiya Begginer

    Enhancing farmers' income requires a multifaceted approach: Adopt Modern Techniques: Use precision agriculture, high-yield seeds, and sustainable practices to boost productivity and reduce costs. Diversify Income Sources: Promote crop diversification, animal husbandry, and agro-forestry to mitigateRead more

    Enhancing farmers’ income requires a multifaceted approach:

    1. Adopt Modern Techniques: Use precision agriculture, high-yield seeds, and sustainable practices to boost productivity and reduce costs.
    2. Diversify Income Sources: Promote crop diversification, animal husbandry, and agro-forestry to mitigate risks and stabilize income.
    3. Improve Market Access: Establish farmers’ markets, leverage e-commerce, and focus on value addition to cut out middlemen and reach broader markets.
    4. Access to Credit and Insurance: Provide microfinance and crop insurance to support financial needs and protect against losses.
    5. Government Support: Offer subsidies, grants, and fair pricing mechanisms like Minimum Support Price (MSP) to ensure stable income and reduce financial burden.
    6. Training and Education: Provide extension services and knowledge-sharing platforms to equip farmers with modern techniques and best practices.
    7. Infrastructure Development: Invest in irrigation, storage, and transportation to minimize post-harvest losses and improve market accessibility.
    8. Community Approaches: Form cooperatives and self-help groups to enhance bargaining power, reduce costs, and provide social support.
    9. Technological Integration: Utilize mobile apps and digital payment systems for real-time information and secure transactions.
    10. Research and Development: Invest in agricultural R&D to develop innovative farming techniques and improved crop varieties.

    These strategies collectively can significantly enhance farmers’ income.

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Adheesh Raman
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Adheesh RamanLearner
Asked: January 6, 2025In:
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Roadmap for Answer Writing: Introduction to NBFCs: Define Non-Banking Financial Companies (NBFCs) and their functions in the financial sector. Briefly discuss the regulatory framework governing NBFCs in India. Distinctions between NBFCs and Commercial Banks: Highlight key differences such as deposit acceptance, participation in payment systems, ...

upsc: banking & monetary policy
  1. Team
    Best Answer
    Team Supreme

    Model Answer Concept of Non-Banking Financial Company (NBFC) and Distinctions from Commercial Banks: A Non-Banking Financial Company (NBFC) is a registered entity under the Companies Act, 1956, engaging in various financial activities such as loans, investments in securities, and other financial insRead more

    Model Answer

    Concept of Non-Banking Financial Company (NBFC) and Distinctions from Commercial Banks:

    A Non-Banking Financial Company (NBFC) is a registered entity under the Companies Act, 1956, engaging in various financial activities such as loans, investments in securities, and other financial instruments. Key features include avoiding primary activities like agriculture, industrial pursuits, or real estate dealings. NBFCs can also gather deposits through various schemes. They obtain licenses from the RBI but are supervised by different agencies based on their functions.

    Differences from Commercial Banks:

    • Deposit Acceptance: NBFCs cannot accept demand deposits, contrasting with commercial banks that can. Some NBFCs can take time deposits, labeled as deposit-taking NBFCs.
    • Payment System Participation: NBFCs are not integrated into the payment and settlement system, unlike commercial banks that issue checks drawn on themselves.
    • Deposit Insurance: Depositors in NBFCs lack deposit insurance, unlike bank customers who enjoy this benefit.
    • Reserve Requirements: NBFCs do not adhere to Cash Reserve Ratio (CRR) regulations, while deposit-taking NBFCs maintain a lower Statutory Liquidity Ratio (SLR) of 15%.
    • Regulatory Framework: NBFCs are licensed under the Companies Act, 1956, in contrast to banks regulated by the Banking Regulation Act, 1949.

    Importance of NBFCs in the Indian Financial System:

    1. Microfinance Expansion:

    • NBFCs extend financial services to underserved rural and urban areas, expanding credit accessibility.
    • Source: Reports on financial inclusion initiatives.

    2. Market Complementarity:

    • By catering to higher-risk markets neglected by larger institutions, NBFCs complement traditional banking services.

    3. Financial Inclusion Role:

    • NBFCs bridge credit accessibility gaps for individuals with limited borrowing histories through tailored solutions.

    4. Employment Generation:

    • NBFCs create employment opportunities, especially in rural sectors, meeting the demand for financial services.
    • Source: Economic reports on job creation in the financial sector.

    5. SME Support:

    • NBFCs aid Small and Medium Enterprises, fostering entrepreneurship and economic growth through financial assistance.

    6. Customer Benefits:

    • Customers benefit from NBFCs’ swift decision-making, streamlined processes, and flexible services.

    In conclusion, NBFCs are integral to India’s financial ecosystem, driving infrastructure development and tailoring services to meet diverse client needs. Their role in fostering financial inclusion, supporting SMEs, and providing employment underscores their significance in the nation’s economic progress.

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NIDHI MAYEKAR
  • 0
NIDHI MAYEKARBegginer
Asked: July 17, 2024In: ,
  • 0

question
  1. Sanskruti berde
    Sanskruti berde Begginer

    Yes, Fundamental Rights are generally considered superior to Directive Principles of State Policy. Fundamental Rights are enforceable by courts, ensuring their protection against state infringement. They are enshrined as justiciable, meaning individuals can seek legal redress if these rights are vioRead more

    Yes, Fundamental Rights are generally considered superior to Directive Principles of State Policy.

    Fundamental Rights are enforceable by courts, ensuring their protection against state infringement. They are enshrined as justiciable, meaning individuals can seek legal redress if these rights are violated. This makes them legally binding on the state.

    In contrast, Directive Principles are not-justiciable, meaning they cannot be directly enforced by courts through lawsuits. They serve as guidelines for the state to strive for, guiding its policies towards social and economic welfare. While important, they do not override individual rights.

    However, it’s crucial to note that the relationship between these two isn’t always clear-cut. In certain cases, courts have interpreted Directive Principles to inform the meaning and scope of Fundamental Rights, indicating a degree of interdependency.

    Ultimately, the supremacy of Fundamental Rights is established through their justiciability and the guarantee of individual liberties.

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