Mains Question:
Q1. In a flexible inflation targeting framework, a delicate balance needs to be maintained between inflation and growth objectives. Examine. (150 words)
Approach
- Introduction- define inflation and its current status in the country
- Brief about monetary policy and its objectives
- Inflation targeting as a framework for Monetary Policy
- Discuss RBI’s role as a balance maker
- Required policy measures
- Conclusion
Q2. Examine India’s progress in restoring the ecological balance of the planet and ensuring sustainable development. (150 words)
Approach
- Introduction-brief about the current situation in India
- India’s substantial commitments to restoration (Bonn Challenge Conference of Parties (CoP), UNCCD), Nationally Determined Contributions (NDCs), creation of a carbon sink )
- Gaps/Challenges
- Recent government measures
- Conclusion
Q3. The global automotive industry is undergoing a paradigm shift at present in trying to switch to alternative/less energy intensive options. India, too, is investing in this electric mobility shift. Comment. (250 words)
Approach
- Electric vehicle industry in India
- Potential and significance of the revolution
- Recent policy measures (Production-linked incentive schemes, e-AMRIT portal)
- Challenges
- Required policy measures
- Way forward
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