Indian Economy and Issues-Effects of Liberalization on the Economy [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 1 - 7 of 9

On 3^rd May 1960 the European free trade association was established.

• It is signed the vaduz convention in June 2001 to liberalise the trade relations among EFTA countries.
• It is the responsibility of them EFTA to oversee the operation of free trade area among the member Nations.
• it՚s a main functions are as following:
  • It formed European economic area (…

• Our development model is itself capital intensive rather than labour intensive. After globalization many foreigners are coming up and investing amount in the country.

• Our exports driven by capital intensive industry not by labour intensive industry.
• The main possible reasons our competitiveness of labour, wages, labour loss, infr…

India is facing the challenges in child labour. A large number of children have to work as child labourers in industries, hotels, shops etc. ,

• Laws have been made to abolish child labour from India.
• Various schemes and programmes have been formulated to abolish child labour.
• India will have to face some consequences in social economic field, if the ch…

The liberalisation of FDI in the defence sector have following impacts on Indian defence and economy.

• It brings much needed capital for the sector by attracting investment from foreign countries.
• It will bring critical technologies, skills which India՚s private and public sector industries lack.
• For this FDI should be more t…

In India largest people living in extreme poverty. Defined as an income below $ 1.90 per person per day will also be drop sharply.

• The aim should be to quickly enhance the living standard of large number who remains economically vulnerable.
• Policy makers need to heed lessons from domestic as well as global experience. Poverty has declined since the 1…

Introduction:

A trove of 13.4 million corporate records, primarily from Bermuda firm Appleby, as well as from Singapore-based Asia Citi Trust and corporate registries maintained by governments in 19 secrecy jurisdictions, often referred to as “tax paradises” has once again highlighted the issues of tax heavens and taxes evasion by off shore companie…

Introduction:

• The new Co-Impact initiative launched is meant to target precisely that kind of change. It is born out of the Giving Pledge — Bill Gates and Warren Buffett՚s 2010 pact which around 170 billionaires have now signed on to, promising to give at least half their fortunes to charity.
• Co-Impact is aimed at providing the expertise and linkages…