Page-3 of GS-III: Economy & Economic Development
What are the advantages of compressed biogas? How will it help to achieve twin goals of becoming energy self-sufficient and increase farmers income?
Asia’s largest Compressed BioGas (CBG) plant has been opened up in Punjab recently. It is a step in achieving the objectives under the government’s SATAT (Sustainable Alternative Towards Affordable Transportation) scheme. Compressed Biogas (CBG): It is a mixture of various ..
As the world begins to enjoy the fruits of Industry 4.0, comment on how India can ensure that its small enterprises aren’t left behind.
The world is currently going through a fourth industrial revolution, called Industry 4.0 and India being one of the fastest growing economies has the potential to lead it. Industry 4.0 can revolutionize the Indian market. Industry 4.0: It encompasses rapid ..
What are the pros and cons of a cashless economy? What are the measures taken by the government towards realizing a cashless society?
A cashless economy is one in which payments are performed digitally rather than traditionally using coins or cash, such as through digital wallets, net banking, mobile banking, and credit and debit card transactions. Merits: It would prevent black money ..
What are the pros and cons of launching polymer banknotes? Which countries are issuing such currencies?
Various forms of currency have been tried out throughout the globe. One such initiative has focused on polymer banknotes produced from biaxially oriented polypropylene (BOPP) sheets, which enable the insertion of significantly more secure features such as metameric ink. ..
What do you understand by energy security? Critically examine the link between Food, Water and Energy Securities.
Energy security is defined as the uninterrupted availability of energy sources at an affordable price. Water is required in extraction, mining, and refining processes for mineral fuels like coal, producing electricity, and as drinking water. Conversely, energy is required in ..
Examine the case for liberalizing the tax regime for expatriates. How would it help with India’s goal of becoming a global financial hub?
With FDI inflows reaching an all-time high of $83.5 billion in FY22, India has certainly become a desirable location for investment. However, as of 2022, none of the world’s top 50 Fortune 500 corporations has decided to establish their ..
What are the pros and cons of a strong Rupee? What can be done to strengthen the currency?
Over the past several months, there has been a steady decline in the Indian Rupee’s (INR) exchange rate relative to the US Dollar ($). Since the commencement of the conflict in Ukraine and the rise in crude oil prices, ..
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 ..