GS-III: Economic Growth Development

In light of the upcoming Global Mining Summit in Kolkata, comment on the state of mining sector regulation in India. Is deregulation the way ahead?

October 30, 2023

The Global Mining Summit, which is India’s premier gathering for the mining sector, was held in Kolkata in November 2022. For the first occasion since 2018, delegates from India and the rest of the globe physically assembled to debate ambitious ..

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Examine the case for liberalizing the tax regime for expatriates. How would it help with India’s goal of becoming a global financial hub?

October 29, 2023

  With FDI inflows reaching an all-time high of $83.5 billion in FY22, India has certainly become a desirable location for investment. However, as of 2022, none of the world’s top 50 Fortune 500 corporations has decided to establish their ..

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Comment on the situation of the informal sector in India. What are the challenges faced by them? Enumerate the government’s initiatives to benefit this sector.

October 27, 2023

  The informal economy is a widespread and worldwide phenomena. The informal sector employs over 60% of the world’s population, according to the International Labor Organization. Informal sector in India: Despite being more common in emerging and developing nations, this ..

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What is the significance of the government’s recent push to facilitate international trade in Rupee, as opposed to the Dollar? What more needs to be done to conserve forex reserves?

October 25, 2023

  Except for countries like Nepal and Bhutan, a company’s exports and imports are currently always made in foreign currency, particularly the dollar. International trade in domestic currency: By establishing a Vostro account in India, bilateral transactions will now be ..

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What are the impediments to rural growth in India? Suggest some solutions.

October 24, 2023

  With a workforce of 70% and a population of 2/3 living in rural regions, India is mostly a rural nation. The rural sector accounts for 46% of total national revenue. Therefore, it is clear that a focus on rural ..

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Given the looming climate emergency threatening the developing world, discuss the ways in which RBI can help regulate climate risk.

October 23, 2023

The possibility of irreversible negative effects from climate change, some of which the world is already experiencing, looms large. The RBI’s Discussion Paper on Climate Risk and Sustainable Finance examines the impact of climate change on the financial sector. Link ..

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