Page-2 of GS-III: Economic Growth Development

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

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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How successful has India’s spectrum policy been in enabling connectivity? Examine its limitations and the provisions under the new policy. Also suggest a way to use spectrum for ending the country’s digital divide.

The Draft Indian Telecommunications Bill, 2022 has been released and it will replace existing laws in the telecom sector, such as the Indian Telegraph Act 1885, Indian Wireless Telegraph Act 1933 and the Telegraph Wires (unlawful possession) Act 1950. The ..

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How has the faceless tax regime impacted direct taxes in India? What is the case for a similar system being implemented for GST?

The faceless tax regime was launched in 2020 with an objective to promote efficient and effective tax administration, by minimizing physical interface, increasing accountability and introduction of team based assessments. Impacts: The faceless tax regime has considerably reduced the corruption ..

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How big a role is the FMCG sector playing in India’s economic recovery? What are the impediments to this sector’s growth?

The Fast-Moving Consumer Goods (FMCG) sector deals with packaged goods that are consumed at regular intervals. It mainly includes household and personal care products, along with healthcare and food products. Importance of FMCG Sector: The sector is a major contributor ..

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Evaluate the performance of the National Asset Reconstruction Company Limited in cleaning up legacy bad loans. What are the major impediments to its effective functioning?

The Government sponsored National Asset Reconstruction Company Limited (NARCL) was formed in 2021 to fast pace the resolution of bad loans in the banking industry. The motive was to acquire all the bad loans from PSU banks and help them ..

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What is the IoRS (Interoperable Regulatory Sandbox) for which RBI recently released an SOP? What needs to be done to get the most out of this initiative?

RBI has released a standard operating procedure (SOP) for an Inter-operable Regulatory Sandbox (IoRS) to regulate newer FinTech products and services falling in the ambit of more than one regulator. It is prepared by the Inter-Regulatory Technical Group on FinTech ..

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