Keeping in mind the role played by the states’ finances in affecting the macro-economic stability in India; highlight the issues with States’ fiscal management in India.

The FRBM act has mandated target for fiscal deficit for centre as well as states. Fiscal Deficit is the difference between total revenue and total expenditure of the government. Fiscal deficit = Total budget expenditure – Total budget receipts excluding ..

Critically discuss the introduction of private investment in Indian Railways taking examples of the experience of the western countries?

Investment in railways under various arenas like wagon procurement and leasing, freight trains and container operations, terminals and warehousing facilities etc are high capital investments and due to instability of governments in India this sector has remained far away from ..

"There are many similarities between the current day tax system and the Kautilya's system of Tax administration". Explain.

Model Answer: Kautilya’s tax administration was based on Kosha Moolo Danda, which means “revenue is the backbone of administration”,. This phrase has been used in the logo of Income Tax Department of India in Devanagari script. This implies that a ..

It has been argued by some that increased penetration of technology and industrialization has led to increase in inequality in India, however the reasons for the same lie somewhere else. Critically analyze.

India has been lagging in various inequality indices (like Gender Inequality Index, Inequality Adjusted Human Development Index, increasing GINI’s coefficient) and failing to provide growth for all. Some argue this as a consequence of technology and industrialization. Their argument is: ..

Highlighting the need for India to participate in Global Value Chains (GVCs), mention the associated concerns. Also suggest remedial measures.

Global value chains have helped the growth of East Asian economies (e.g. Japan, China, and South Korea) and are a path to prosperity for India too to leverage its demographic dividend. Significance of GVCs for India: Increase India’s integration with ..

The use of Natural gas as an important primary energy source is rising and expected to increase further. Identify the various uses of natural gas and give a brief account of its distribution globally.

The natural gas is a clean fossil fuel and forms important constituent of India’s energy basket. Uses of natural gas: As fuel for power generation. As fuel for industries, such as fertilizers, plastics, etc. Usage in households as LNG in ..

The modernisation and development of railways is imperative for growth of India. However, railways has been lately facing crunch of funds for capital expenditure, which shows its weak financial position. Comment and suggest ways for better resource generation and utilisation.

The Indian railway is the lifeline of country and the most important means of mass transportation. However, it has been facing shortage of funds for modernization and development, for which it has turned to private investors and other credit sources. ..

What do you understand by Open Sky policy? Discuss India's Open Sky Policy with reference to Draft National Civil Aviation Policy 2015.

Open sky policy refers to an agreement between two countries to allow any number of airlines to fly from either of them without any restriction on number of flights, number of destinations, number of seats, price etc. Currently, India has ..