Indian Economy and Issues-Government Budgeting [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 1 - 6 of 12

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Question 1

Government Budgeting
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Appeared in Year: 2016

Describe in Detail

Essay▾

Craze for gold in India has led to surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of Gold Monetization Scheme.

Explanation

In this scheme, BIS (Bureau of Indian standards) certified CPTCs (collection, purity testing centres) collect the gold from the customer on behalf of the banks.

  • The minimum quantity of gold bullion or jewelry which can be deposited is 30 grams and there is no limit for maximum deposit.
  • Gold saving account can be opened with any of the designated bank…

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Question 2

Government Budgeting
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Appeared in Year: 2016

Describe in Detail

Essay▾

Women empowerment in India needs gender budgeting. What are the requirements and status of gender budgeting in the Indian context?

Explanation

Gender Budgeting: It is a general budget by the government which allocates funds and responsibilities on the basis of gender is known as gender budgeting.

  • It is done in an economy where socio- economic disparities are chronic and clearly visible on sex basis.
Image Shows Analysing the Gender Budget
  • Gender budgeting started in India with the union budg…

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Question 3

Government Budgeting
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Appeared in Year: 2017

Describe in Detail

Essay▾

Comment on the important angels interviews in respect of the Long-term Capital Gains Tax (LCGT) and Division Distribution Tax (DDT) in the Union budget of 2018 - 2019.

Explanation

Under 7th schedule of Indian constitution Government levy tax on income other than agricultural income.

  • Capital Gain Tax (CGT) :
    • Tax on profit for most assets held for more than a year.
    • Capital gains for the profit from the sale of an asset like shares of stock, a piece of land, a business are considered taxable income.
    • This tax is a further divided in…

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Question 4

Government Budgeting
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Appeared in Year: 2016

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Essay▾

“Success of make in India program depends on the success of skill India program and radical labour reforms” discuss with logical arguments.

Explanation

Make in India was launched by the government of India in the year 2014 to increase multinational as well as domestic companies to manufacture their products in India.

  • Not only in manufacturing but in relevant infrastructure and service sector as well.
  • The vision of Make in India program is attracting both capital and technological investment in India…

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Question 5

Government Budgeting
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Appeared in Year: 2016

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Essay▾

The government should address the implementation challenges in the PM-AASHA scheme in order to enable it to become game changer for doubling the farmer՚s income in India. Discuss.

Explanation

Minimum support price system failing to address the crisis of farm gate.

  • The price support scheme (PSS) , price deficiency payment scheme (PDPS) and the pilot private procurement and stockist Scheme (PPPS) these three schemes are the part of PM-AASHA Scheme.
  • Under PDPS the centre makes a promise to pay oilseed farmers of the difference between the MS…

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Question 6

Government Budgeting
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Describe in Detail

Essay▾

Despite two key measures – demonetisation and GST, India has made very slow progress towards becoming a formal economy. Discuss the reasons and measures needed to formalise economy. (250 Words)

Explanation

Introduction:

  • Sector which encompasses all jobs with normal hours and regular wages and are recognized as income sources on which income taxes must be paid is formal sector of Economy.
  • According to NSSO data, there have been more jobs created in the informal sector than the formal and more than 90 % of the population is employed in informal jobs.

Reas…

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