Page-26 of GS-III: Economy & Economic Development

GST Collections Fail To Reach Predicted Limit

Goods and Services Taxes, that had been struggling over the past quarters, have seen better days over the past two months. In December, collections rose by 8.9% year-on-year, the GST collected reached INR 1.03 lakh crore. However, it is still ..

The level of bad loans under PM Mudra Yojana have been increasing, analyse the steps which need to be taken to fix the Mudra Scheme.

The total NPA in the MUDRA scheme have jumped to 2.68 percent in FY19 from 2.52 percent in FY18. Since inception, over 19 crore loans have been extended under the scheme, with the aim to lift beneficiaries out of poverty. ..

With Rising inflation and deceleration of the economy, Reserve Bank of India (RBI) in its fifth monetary policy has kept the repo rate unchanged . How does it fare for the economy and what measures can be adopted to boost the economy ?

The RBI’s fifth monetary policy statement sees the repo rate unchanged at 5.15%. All six members of the MPC, unanimously voted in favour of maintaining the status quo and not cutting the repo rate. The RBI has cut the repo ..

The country is currently embroiled in a low growth and high inflation conflict which raises the root cause of the crisis. Elucidate.

The Economic data released by the government suggests that the country may be heading towards stagflation. As per the Index of Industrial Production (IIP) a figure of 3.8% in October shows contraction, as against a healthy growth rate of 8.4% ..

The Government of India is considering a cut in personal income tax rates. Comment on whether a tax cut can help.

With various economists, both in and outside the government, advocating for a cut in personal income tax to boost the economy. It’s time we seriously analyse whether a ‘personal income tax’ rate cut would be able to boost the economy ..

Stagflation in India

The term Stagflation was coined by Iain Macleod, a Conservative party MP in the UK. Simply put, stagflation is a situation in which inflation rate is high, economic growth is slow and unemployment remains steadily high. It is because due ..

Alternatives to revive the economy

The economy is in the state of liquidity trap as highlighted by Keynes during the time of depression. It depicts the period when lowering interest rates has ceased to affect demand of funds. It has happened in Japan and the ..

Critically discuss the impact of COVID-19 pandemic on Start-up ecosystem of India.

COVID-19 has adversely impacted the overall investment sector. While businesses across all sectors can sense the repercussions of COVID-19, start-ups have particularly been one of the most vulnerable. During the lockdown around 15% of start-ups have halted operations. Almost 44% ..

Compliance and Competitiveness with GST

The Goods & Services Tax or GST can be touted as the biggest fiscal reform being embarked upon post-independence, which restated the Centre-State relationship. GST changed the way of conduct of business and operations of the Government. It is a ..

Is the new seeds Bill titled against farmers’ interests and is in favour of seed companies ? Discuss.

The seed bill 2019 has had two earlier versions in 2004 and 2010, which have been more or less the same. As per the government, a new seeds bill has been introduced to enhance seed replacement rates, specify standards for ..