Indian Economy Issues Relating to Planning


                                                                                                                                                                                                                                                                                                              This is a dynamic E-Book comprising the below UPSC Mains Model Questions as well as their answers written by GKToday team. The PDF E-Book can be instantly downloaded after payment. No Hadcopy is provided.
                                                                                                                                                                                                                                                                                                            1. In most of the five year plan, India missed the growth targets in agriculture. Analyze the key reasons for the low agricultural growth in the country.
                                                                                                                                                                                                                                                                                                            2. "The business model of the small finance banks is such that they are aimed to serve the small borrowers."Discuss differentiating them from Payment banks.
                                                                                                                                                                                                                                                                                                            3. The concept of payment banks seems to be a novel concept having financial inclusion its most likely outcome. However, some have expressed doubts over their viability and scalability. Examine the issue throwing light on their business model.
                                                                                                                                                                                                                                                                                                            4. How the Global Competitiveness Index decides the competitiveness of a developing country like India? Examine in the light of the current index and paradigms in Indian Economy.
                                                                                                                                                                                                                                                                                                            5. What do you understand by "Kosha Moolo Danda"? Discuss in the light of Kautiliya's tax administration.
                                                                                                                                                                                                                                                                                                            6. "There are many similarities between the current day tax system and the Kautilya's system of Tax administration". Explain.
                                                                                                                                                                                                                                                                                                            7. What do you understand by progressiveness and regressiveness in the taxes? Make a comparison of direct and indirect taxes on this basis.
                                                                                                                                                                                                                                                                                                            8. Critically compare the Direct and Indirect Taxes.
                                                                                                                                                                                                                                                                                                            9. What do you understand by tax avoidance, tax evasion and tax planning? Objectively discuss various methods involved in the same.
                                                                                                                                                                                                                                                                                                            10. Base Erosion and Profit Sharing (BEPS) has emerged as one of the most important challenges for the governments across the world today. Critically examine in the light of G20- OECD's BEPS Action Plan and the recently released BEPS Package.
                                                                                                                                                                                                                                                                                                            11. "The basic issue with GAAR provisions is the trust deficit between the corporate entities and government."Discuss in the light of recent developments.
                                                                                                                                                                                                                                                                                                            12. Outline the Direct & Indirect Tax Reforms in India in recent times.
                                                                                                                                                                                                                                                                                                            13. Discuss the composition and functions of the GST Council as proposed in the Constitution (122nd Amendment) Bill, 2014.
                                                                                                                                                                                                                                                                                                            14. To what extent the proposed Goods & Services Tax has potential to alleviate the tax-on-tax problem? Substantiate your answer.
                                                                                                                                                                                                                                                                                                            15. Discuss the concerns of the states with respect to the Goods and Services Tax. To what extent, these concerns have been addressed in the current GST model as proposed in Constitution 122nd amendment Bill.
                                                                                                                                                                                                                                                                                                            16. The demand for an independent GST Dispute Settlement Authority seems to be more logical in comparison to GST Council. Analyze.
                                                                                                                                                                                                                                                                                                            17. The proposed 1% additional levy on supply of goods under GST will contradicts the actual purpose of GST introduction. Comment.
                                                                                                                                                                                                                                                                                                            18. Explain the concept destination-based taxation? How the GST proposes to implement the destination-based taxation system and what are the implications of it?
                                                                                                                                                                                                                                                                                                            19. "The success of a GST system is largely dependent on the width of its coverage."Comment.
                                                                                                                                                                                                                                                                                                            20. Discuss the efforts towards economic planning in India during the Pre-independence Period.
                                                                                                                                                                                                                                                                                                            21. Critically discuss the achievements and failures of economic planning in the pre-liberalization period.
                                                                                                                                                                                                                                                                                                            22. What do you understand by evidence based policy making? In your view, how NITI Aayog would provide a good platform for a shift towards evidence-informed policy making?
                                                                                                                                                                                                                                                                                                            23. Planning Commission outlived its original objectives and its credibility has rapidly lost. Discuss the various reasons that led to demise of this body.
                                                                                                                                                                                                                                                                                                            24. Discuss the aims & objectives of NITI Aayog. To what extent, it is different from the erstwhile Planning Commission?
                                                                                                                                                                                                                                                                                                            25. Differentiate between Insolvency and Bankruptcy. Discuss the changes proposed in Insolvency and Bankruptcy Code 2015 and its expected outcomes.
                                                                                                                                                                                                                                                                                                            26. What is the Swiss Challenge method in terms of Government contracts in India? Examine its positive and negative aspects.
                                                                                                                                                                                                                                                                                                            27. What are the implications of the recently placed Place of Effective Management (PoEM) rules on revenue and business? Critically examine.
                                                                                                                                                                                                                                                                                                            28. "The RS Lodha committee has recommended for legalising betting in India with certain safeguards."Do you think legalising betting will eliminate the malpractices in sports? Discuss critically.
                                                                                                                                                                                                                                                                                                            29. Critically examine if NITI Aayog has been able to bring seminal change in developmental policy making and establishing the bottom-up setup as opposed to the top-down approach that Planning Commission was in famous for.
                                                                                                                                                                                                                                                                                                            30. The much hailed demonetization step of present government has recently been under scathing criticism on account of frequent changes made in policy by Govt and RBI with people still lining in long queues to withdraw cash. Do you agree that this situation violates the principle of social justice and could have been avoided if proper planning would have been done? Provide feasible solutions to the current problem.
                                                                                                                                                                                                                                                                                                            31. The ordinance to amend the Payment of Wages Act, 1936 to enable cheque and e-payment has the altruistic objective of removing ill effects of demonetization on low wage workers, but any such efforts are missing for the persons employed in the unorganized sector. Do you agree with this statement? Also discuss the viability and consistency of above amendment through ordinance route in light of the almost washed out Winter Session of the Parliament?
                                                                                                                                                                                                                                                                                                            32. India has surpassed Britain to become the 6th largest economy of the World ? Compare the fundamentals and strength of the economic system of both countries and list down India's advantages and disadvantages vis a vis Britain.
                                                                                                                                                                                                                                                                                                            33. While throwing light upon current legal framework in place, discuss the legislative steps that should be taken to protect customers using digital payments in the country.
                                                                                                                                                                                                                                                                                                            34. While keeping in focus the 2014 amendment of Clause 49 of the listing agreement by SEBI, critically examine the trend of political appointments as independent directors in PSUs in India.
                                                                                                                                                                                                                                                                                                            35. "Though India's founders favoured creating Indians in spirit and political consciousness, yet they failed to create one economic India". How far do you agree with this view? Give opinion.
                                                                                                                                                                                                                                                                                                            36. In India, most part of saving is generated by the households but bulk of those savings is locked into unproductive physical assets. What are the major implications of this on resource mobilization? While elucidating the government action, put forward your policy suggestions.
                                                                                                                                                                                                                                                                                                            37. Differentiate between Offshore Derivative Instruments (ODI) and Participatory Notes (PN). Why SEBI has a cautious approach towards these instruments? Discuss highlighting recent SEBI order towards these instruments.
                                                                                                                                                                                                                                                                                                            38. What do you understand by Digital Intelligence? Why it is considered to be an important economic resource? Discuss its relevance in policy making.
                                                                                                                                                                                                                                                                                                            39. What are the key recommendations of P J Nayak Committee report on governance problems in functioning of the Public Sector Banks? Critically assess these recommendations and possible implications of accepting them on Indian economy.
                                                                                                                                                                                                                                                                                                            40. What role can be played by "Information Infrastructure"towards solving the issues of bad loans, insolvency and bankruptcy in India? Discuss in the light of the so called "information utilities"concept as enshrined in the Insolvency and Bankruptcy Code 2016.
                                                                                                                                                                                                                                                                                                            41. Compare the share of direct and indirect taxes in total tax collection and tax-GDP ratio in India? Do you see an imbalance in these shares as compared to other countries? What can be implications of such imbalance and what should be done?
                                                                                                                                                                                                                                                                                                            42. To what extent, the merger of public sector banks into one large entity can solve all or some of problems of the banking sector in India? Discuss critically.|
                                                                                                                                                                                                                                                                                                            43. The RBI's household finance committee recently showed that only 5% of the average Indian household's wealth is in financial assets. Critically analyze the reasons and its implications for mobilization of resources in economy.
                                                                                                                                                                                                                                                                                                            44. While the PAHAL scheme appears to be successful, Direct Benefit Transfer in food is much more complex and appears to be in doldrums. Discuss critically.
                                                                                                                                                                                                                                                                                                            45. Critically comment on the government's plans to create a subsidy package to encourage consumers to switch from cash payments to digital.
                                                                                                                                                                                                                                                                                                            46. What do you understand by blue economy? How is it different from blue water economy with respect to maritime diplomacy? Explain.
                                                                                                                                                                                                                                                                                                            47. What do you understand by loan evergreening? To what extent, it affects the bad loans (NPAs) in the banking industry? Discuss while highlighting SEBI's efforts on loan evergreening.
                                                                                                                                                                                                                                                                                                            48. Critically examine the key problems of India's manufacturing sector while keeping in focus the recently released ease of doing business report.
                                                                                                                                                                                                                                                                                                            49. How the alarming level of Non-performing Assets in the banks can derail India's renewable energy ambitions? Discuss while also explaining the high social costs in promotion of green energy.
                                                                                                                                                                                                                                                                                                            50. What are the major challenges faced by governments while making tax provisions for digital economy? Discuss the rationale and role of equalisation levy towards this.
                                                                                                                                                                                                                                                                                                            51. What is a Fugitive Economic Offender? Outline the objectives and rationale of the Fugitive Economic Offenders Bill 2017 despite of presence of several laws on economic offenders in place.
                                                                                                                                                                                                                                                                                                            52. What do you understand by peer-to-peer (P2P) lending? How it can promote the alternative forms of finance? Discuss in the light of recent RBI's regulation stance on P2P lending.
                                                                                                                                                                                                                                                                                                            53. What are the major issues in India's political finance regime? To what extent, the current government efforts fix these issues? Discuss in the light of two amendments to the Finance Bill, 2017.
                                                                                                                                                                                                                                                                                                            54. While putting latest budget figures in focus, examine the role of Income Tax in overall revenue mobilization. In the light of these figures, do you agree with the view that time has come to abolish the personal income-tax?
                                                                                                                                                                                                                                                                                                            55. The alarming level of stressed assets / bad loans needs urgent measures for speedy resolution. Towards this, it is argued that the recently passed Banking Regulation (Amendment) Act, 2017 is too little and too late. Discuss while analyzing the necessity and objectives of this act.
                                                                                                                                                                                                                                                                                                            56. One of the biggest failures of Indian Economy is that it has not been very successful in establishing employment-intensive industries. Can the proposed Coastal Employment Zones bring substantial success towards this? Discuss highlighting the salient features of Coastal Employment Zones.
                                                                                                                                                                                                                                                                                                            57. Critically discuss the structural changes that have taken place in India's economy since dawn of new millennium.
                                                                                                                                                                                                                                                                                                            58. Explain the implications of rupee falling / rising against dollar on India's (1) Exports (2) Imports (3) Domestic Trade.
                                                                                                                                                                                                                                                                                                            59. Despite the fact that services share a huge fraction of India's GDP, there is no index of service production similar to Index of Industrial Production so far. While explaining how measuring production of services is different than measuring production of goods; suggest the key heads which should be placed in the Index of Services Production (ISP) for India.
                                                                                                                                                                                                                                                                                                            60. To what extent the government strategies have been able to change financial literacy / inclusion bank driven model to customer driven model? Discuss critically.
                                                                                                                                                                                                                                                                                                            61. The central and state governments in India possess huge tracts of public lands but these lands are largely under-utilized. While analyzing the reasons, critically examine how proper utilization of public lands can help the economy.
                                                                                                                                                                                                                                                                                                            62. To what extent, the Gold Monetization Scheme has been able to reduce the craze for physical gold in India? Critically discuss the success or failure of this scheme.
                                                                                                                                                                                                                                                                                                            63. Exports play a prominent role in India's economic scenario. To what extent, GST can play a role of the export multiplier? Discuss.
                                                                                                                                                                                                                                                                                                            64. With appropriate examples of each, explain how the fiscal and monetary stimuli help to boost a sluggish economy.
                                                                                                                                                                                                                                                                                                            65. As most steps taken so far to fight the problem of non-performing assets in banks fail, the idea of a Public Sector Asset Rehabilitation Agency (PARA) seems to be promising as well as optimistic. Do you agree? Argue.
                                                                                                                                                                                                                                                                                                            66. Critically analyse the impact of too high and too low oil prices on Indian economy.|
                                                                                                                                                                                                                                                                                                            67. Despite numerous benefits of cashless economy, the MSME in India are reluctant to go cashless. Critically analyze the reasons.
                                                                                                                                                                                                                                                                                                            68. India is ranked 60th among 130 nations in Global innovation Index. What steps do you think should be taken to improve the innovation ecosystem in India? Discuss.
                                                                                                                                                                                                                                                                                                            69. The idea of universal basic income does not seem pragmatic from the economic perspective; and therefore the focus should be on optimal utilization of available resources. Comment.
                                                                                                                                                                                                                                                                                                            70. Discuss the merits and demerits of the government's bank recapitalisation scheme.
                                                                                                                                                                                                                                                                                                            71. Among several factors for India's potential growth, savings rate is the most effective one. Do you agree? What are the other factors available for growth potential?
                                                                                                                                                                                                                                                                                                            72. How the Differentiated Bank Licensing (DBL) is different from that of Universal Bank Licensing? Discuss elucidating the RBI measures to promote differentiated banking.
                                                                                                                                                                                                                                                                                                            73. To make Indian banking and financial sector more competitive, should RBI dilute the restrictions imposed on foreign banks?
                                                                                                                                                                                                                                                                                                            74. Discuss the composition and functions of National Anti-profiteering Authority (NAA).
                                                                                                                                                                                                                                                                                                            75. What are the new parameters designed by the NITI Aayog to quantify the social progress of Indian States?
                                                                                                                                                                                                                                                                                                            76. What is Academic inflation? How academic inflation deflated the quality education in the country over last decade?
                                                                                                                                                                                                                                                                                                            77. What is a "dark fibre"in terms of stock trading? Explain the recent controversy pertaining to National Stock Exchange (NSE) and algorithm trading.
                                                                                                                                                                                                                                                                                                            78. What is Gini coefficient? Discuss the factors that led to rise in Gini coefficient in country over last few decades.
                                                                                                                                                                                                                                                                                                            79. What is Academic inflation?
                                                                                                                                                                                                                                                                                                            80. How PFMS can increase the transparency as well as the accountability to the social sector? Discuss its working mechanism.
                                                                                                                                                                                                                                                                                                            81. How the Insolvency and Bankruptcy Code, 2016 and Financial Resolution and Deposit Insurance Bill together make difference in the life of a common man? How they would affect public policy in financial matters? Critically discuss.
                                                                                                                                                                                                                                                                                                            82. Explain the composition of the GST Council while elucidating recent decisions taken towards making GST more refined. Do you agree with the view that the committee system in GST council (much like parliament) will help towards its better functioning?
                                                                                                                                                                                                                                                                                                            83. Discuss three key changes India's development policy planning after abolition of Planning Commission.
                                                                                                                                                                                                                                                                                                            84. Several states have alleged that after abolition of Planning Commission, its fearsome powers have now gone to Finance Ministry, leading to much more centralization. Give your opinion on such allegations.
                                                                                                                                                                                                                                                                                                            85. The Banking Correspondent Model was launched in 2006 to provide banking services at reasonable costs to the poor people. After over a decade, to what extent this model has been able to achieve its stated objectives? Critically discuss its success and failures.
                                                                                                                                                                                                                                                                                                            86. What do you understand by Fiscal Consolidation? Elucidate the bottlenecks and steps taken by the government in recent years to achieve the same.
                                                                                                                                                                                                                                                                                                            87. What can be the reasons for widening fiscal deficit of a country? While throwing light upon reasons of recent "fiscal slippage", discuss its possible consequences on economy.
                                                                                                                                                                                                                                                                                                            88. Examine the provisions of Public Procurement (Preference to Make in India), Order 2017. How it encourages manufacturing and 'Make in India'?
                                                                                                                                                                                                                                                                                                            89. A significant trend in recent years seen in India is that while large manufacturing companies are shifting in rural areas, the smaller ones are clustering in urban areas. Critically discuss the reasons and consequences of such trend.
                                                                                                                                                                                                                                                                                                            90. What are the criteria of ranking countries in the Economist Intelligence Unit's Global Democracy Index? Critically discuss India's rank in the recent released Global Democracy Index.
                                                                                                                                                                                                                                                                                                            91. Economic survey of 2018 brings out a severe crisis in India due to investment slowdown. How this affects Indian Economy? Analyze.
                                                                                                                                                                                                                                                                                                            92. What is Zero Defect – Zero Effect (ZED) scheme? How it can boost India's MSME sector?
                                                                                                                                                                                                                                                                                                            93. What are the steps being taken to prevent the banking frauds?
                                                                                                                                                                                                                                                                                                            94. What are the recommendations of the Shekatkar committee constituted to recommend measures to enhance combat capability and rebalance defence expenditure of the armed forces?
                                                                                                                                                                                                                                                                                                            95. What are the challenges India is facing due to inefficient tax assessment? How it can be addressed?
                                                                                                                                                                                                                                                                                                            96. What are the features of the recent move by the finance ministries road map to rationalize PSU banks' foreign operations?
                                                                                                                                                                                                                                                                                                            97. Does Privatization of Banks hold key for the problems haunting Indian Banking Sector?
                                                                                                                                                                                                                                                                                                            98. What are the various steps taken by RBI to address the crisis haunting the NBFC sector so far?
                                                                                                                                                                                                                                                                                                            99. What are key recommendations of the insolvency law committee to deal with cross border insolvency?
                                                                                                                                                                                                                                                                                                            100. What are the recent trends in the income tax collection?
                                                                                                                                                                                                                                                                                                            101. How under-reporting (of income) is a major concern for mobilization of resources despite growing tax collection?
                                                                                                                                                                                                                                                                                                            102. Tax reforms Needed to Increase Tax Mobilization
                                                                                                                                                                                                                                                                                                            103. How Indian Economy has fared in the second quarter?
                                                                                                                                                                                                                                                                                                            104. What are the goals set for India of 2022?
                                                                                                                                                                                                                                                                                                            105. Is Indian economy heading towards slowdown?
                                                                                                                                                                                                                                                                                                            106. Why the GST council is considering an amnesty scheme?
                                                                                                                                                                                                                                                                                                            107. How Planning has helped in building an robust base for Indian Economy?
                                                                                                                                                                                                                                                                                                            108. Why India needs to focus on planning to address the structural deficiencies of Indian economy?
                                                                                                                                                                                                                                                                                                            109. In your view, what policy line must be adopted by the new government which takes charge in India to contain the worsening economic indicators?
                                                                                                                                                                                                                                                                                                            110. According to you, what kind of governmental support is essential for the RBI Payments Vision 2019-21 to be successful?
                                                                                                                                                                                                                                                                                                            111. Explain different monetary policy instruments along with their effects on the Indian money market.
                                                                                                                                                                                                                                                                                                            112. Who is a Debenture Trustee? What are the eligibility and duty of a Debenture trustee?
                                                                                                                                                                                                                                                                                                            113. Explain in detail the draft rules for NBFCs-Liquidity Risk Management Framework, recently put up by RBI.
                                                                                                                                                                                                                                                                                                            114. What is Purchase Managers Index? What are its implications for the economy?
                                                                                                                                                                                                                                                                                                            115. What do you understand by the two-part tariff in Economics?
                                                                                                                                                                                                                                                                                                            116. What are your views on the recent repo rate cut by RBI?
                                                                                                                                                                                                                                                                                                            117. �What are your views on the �on tap� license released for the small finance banks?
                                                                                                                                                                                                                                                                                                            118. What is the meaning of modern monetary theory?
                                                                                                                                                                                                                                                                                                            119. What is a commercial paper? Enumerate the implications of using commercial paper as a source to raise funds.
                                                                                                                                                                                                                                                                                                            120. Explain the meaning and need of the multilateral instrument to implement tax related measures in Indian context.
                                                                                                                                                                                                                                                                                                            121. Do you think defence reforms should be a priority for the Indian government?
                                                                                                                                                                                                                                                                                                            122. SEBI�s new framework for financial disclosure by credit rating agencies may not be enough. Examine.
                                                                                                                                                                                                                                                                                                            123. Enumerate the composition and functions of the GST Council.
                                                                                                                                                                                                                                                                                                            124. In any economy, three sectors namely employment, agricultural and banking sector are of utmost importance. What steps must be taken to boost these sectors in India?
                                                                                                                                                                                                                                                                                                            125. The dovish turn of the major central banks indicates that the threat of global slowdown is looming. Comment.
                                                                                                                                                                                                                                                                                                            126. Do you think that RBI needs to set up a special liquidity window for NBFCs as the sector is in dire need of a shakeup? Comment.
                                                                                                                                                                                                                                                                                                            127. Do you think that changes are needed in the higher echelons of RBI as no economic policy is forever. Examine this in light of lessons India should learn from Global Macroeconomics.
                                                                                                                                                                                                                                                                                                            128. RBI has made some crucial recommendations for the MSME sector for stimulating it s actual potential. Examine the above in line with the recommendations made.
                                                                                                                                                                                                                                                                                                            129. The SEBI has come up with more strict regulations for the management of mutual fund Do you think the regulator can actually protect the investors beyond a certain point?
                                                                                                                                                                                                                                                                                                            130. Do you think as per the international standards, GST which has taken two years to stabilise has really done well in terms of revenue yield? Comment.
                                                                                                                                                                                                                                                                                                            131. Examine the India wide trends in Agricultural Credit Outstandings.
                                                                                                                                                                                                                                                                                                            132. What are the recommendations of the RBI internal working group (IWG) to review agriculture credit?
                                                                                                                                                                                                                                                                                                            133. What are the recommendations of the RBI Internal Group set up to review the current liquidity management framework?
                                                                                                                                                                                                                                                                                                            134. What are the findings of the RBI report States Finances: A Study of Budgets of 2019-20?
                                                                                                                                                                                                                                                                                                            135. What are key components of the latest monetary policy release of the RBI?
                                                                                                                                                                                                                                                                                                            136. Why India needs Foreign Direct Investment Policy 2.0?
                                                                                                                                                                                                                                                                                                            137. Foreign Direct Investment Policy 2.0
                                                                                                                                                                                                                                                                                                            138. Examine the causes behind the rate cut proposed by the monetary policy committee headed by the RBI governor.
                                                                                                                                                                                                                                                                                                            139. Artificial Intelligence is an emerging technology in need of direction through a policy. Conflicting and confusing strategies by various government agencies have led to confusions. Discuss
                                                                                                                                                                                                                                                                                                            140. What are the objectives of Make in India campaign? Examine how the initiative has fared in attaining these objectives.
                                                                                                                                                                                                                                                                                                            141. Despite the huge upbeat around the Make in India campaign the initiative has failed to deliver in the last 5 years since its launch. Examine
                                                                                                                                                                                                                                                                                                            142. What are the findings of the Niti Aayog study on new direct benefit scheme for fertilizers?
                                                                                                                                                                                                                                                                                                            143. The rate cut by the RBI is not resulting in commensurate interest cut by Banks. Discuss why.
                                                                                                                                                                                                                                                                                                            144. Describe the nature of the current 'economic slowdown' that India is experiencing and how it’s different from the previous economic slowdowns that India has experienced.
                                                                                                                                                                                                                                                                                                            145. With a spate of suicides by contractual workers working for BSNL/MTNL, describe the situation of contract workers in India.
                                                                                                                                                                                                                                                                                                            146. The Government seeks to push ahead with the strategic sales of profit-making PSUs. In this context, discuss whether this decision is strategically sound or not.
                                                                                                                                                                                                                                                                                                            147. The country is currently embroiled in a low growth and high inflation conflict which raises the root cause of the crisis. Elucidate.
                                                                                                                                                                                                                                                                                                            148. Tackling recent economic slowdown
                                                                                                                                                                                                                                                                                                            149. Alternatives to revive the economy
                                                                                                                                                                                                                                                                                                            150. India Pushes Forward With Infrastructure Investment
                                                                                                                                                                                                                                                                                                            151. Disclaimer: These questions have been written and answered by GKToday team over the period of time; and have included some previous years questions also. While every effort was made to ensure that these questions as well as their answers remain relevent and correct, it is possible, that some facts or context in some questions might have changed over time. GKToday does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by such change of facts or context in the questions and answers of this E-book.

                                                                                                                                                                                                                                                                                                              This purchase will credit 300 Points in your account.