As a member of World Trade Organization (WTO), mention the domestic support measures available to countries under the Agreement on Agriculture. In this context, analyse the ‘peace clause’ provision.

The agreement on agriculture, crucial aspect of Doha dialogue under WTO, aims to arrive at consensus on extent of domestic support countries can extend to their agriculture sector. Domestic Support Measures: Food security program – E.g. National food security act, ..

There are several issues associated with the storage and management of food grains in India. Enumerate the steps taken by government in this regard.

Continuing with the ongoing trend, year 2021 saw record food grain production despite the black swan event of Covid-19. Reasons: Favourable monsoon. Positive growth (3.4%) in agriculture sector. Rising exports (net exporter since 1991). Assured market (government MSP program). Issues ..

Highlight the role of public private partnership (PPP) and input-based distribution franchisee models in the power sector to handle the problem of distribution losses.

Input-based distribution franchise model is the incorporation of inputs and pre-determination of estimated scenario in preparing power purchase agreements (PPA). Benefits of PPP in power sector: Combines efficiency of private sector with infrastructure of public sector. Involves proper determination of ..

Explain the concept of inclusive growth and examine its significance for overall development of India.

Inclusive growth refers to process and outcome, where every section of society participates in organisation of growth and benefits from it equally (UNDP). IMF chief economist Ms. Gopinath argues that Growth is inclusive when it: Occurs in sector where poor ..

Make a comparative account of Zamindari, Mahalwari and Ryotwari system.

The Zamindari system underwent many changes from Mughal to British period. While during Mughal period Zamindars were not the owner of the land, but were petty land holders. After the permanent settlement in Bengal, Bihar and Odisha, the Zamindars were ..

What do you understand by progressiveness and regressiveness in the taxes? Make a comparison of direct and indirect taxes on this basis.

Model Answer: Progressive Tax follows the principle of ‘ability to pay’ because they are levied on the basis of individual’s income and wealth. Since, ability to pay can be measured, the direct taxes are imposed at progressive rate whereby richer ..

Highlight the importance of port-led development for India, envisaged under the Sagarmala Project.

The importance of port-led development can be understood from the fact that 90% of total volume and 70% of total value of trade is via sea route in India. Sagarmala Project: Triple objective of promoting infrastructure development, creating value for ..

Throw some light on the types of unemployment that exists in a developing economy like India.

The unemployment refers to the situation where individuals who are willing and available for work are unable to find employment. Various Types: Open unemployment Willing to work, available but unable to find. Disguised Unemployment Though seemingly employed but labour productivity ..