Page-4 of GS-III: Economy & Economic Development

Discuss the pros and cons of the free-UPI MODEL.

Recently, the government and the payment industry stakeholders have been locking horns with one another regarding charging a minimum amount for digital payments mainly concerning with UPI payments. The banks, payment apps and payment infrastructure providers are strongly demanding to ..

To what extent the New Domestic Natural Gas Pricing Guidelines, 2014 have addressed the confusion created by APM and Non-APM system of gas pricing in India. Discuss throwing light on its salient features.

Hint: New Domestic Natural Gas Pricing Guidelines, 2014 Guidelines will be applicable till March 31, 2019.As per policy, the price of gas will be revised every 6 months duration. Now, natural gas in the country is priced at an average ..

Discuss the key features of the New Exploration Licensing Policy (NELP) throwing light on its role in oil industry.

National Exploration License Policy 1997 was a result of dismantling of the administrative price mechanism. Under the policy licenses for exploration are being awarded only through a competitive bidding system and National Oil Companies (NOCs) are required to compete on ..

How can the recent rate hikes, to tackle inflation, affect MSME sector? Citing the importance of MSMEs, discuss how India can protect its small businesses?

The inflation in India is on the rise due to various domestic and global factors. The Reserve Bank of India is trying to manage inflation by increasing the interest rates. However, this move by the RBI has raised concerns about ..

Comment on the prevalence of anti-competitive practices in the Indian e-commerce sector.

The boom in the e-commerce sector has made life more convenient and easier. It has radically changed various aspects of our everyday lives ranging across traveling, entertainment, education, shopping, communication and even getting food. E-commerce: E-commerce is the buying and ..

What are the impediments to rural growth in India? Suggest some solutions.

  With a workforce of 70% and a population of 2/3 living in rural regions, India is mostly a rural nation. The rural sector accounts for 46% of total national revenue. Therefore, it is clear that a focus on rural ..

Comment on the need to increase spending on R&D for the agriculture sector.

  Agriculture sector in India contributes around 14% to GDP, while employing almost half of the entire workforce. The green revolution was a major technological breakthrough which created a lasting impact on Indian agriculture. However, India’s public investment on R&D ..

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 ..