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8th September 2022 (8 Topics)

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8th September 2022

QUIZ - 8th September 2022

5 Questions

5 Minutes

Mains Question:

Q1. “Development in a sustainable environment is a desirable objective but entails discipline and dynamic real-time responses to emerging technological, social and economic challenges”. Analyze the impact of unsustainable growth in India, citing specific examples. (150 words)

Approach

Introduction- brief about Economic growth vs. sustainable development
Discuss important issues related to environment
- carbon emissions in the atmosphere
- concerns of soil erosion and deforestation
- water management including rising sea levels
- mining and conservation of natural resources
- use of ecologically harmful products like plastics or chemicals in food
- cryptocurrency mining
Give recent examples
- Floods in Bangalore
Required measures
Conclude accordingly

Editorials

Have Room, Must Spend

Economy

Context:

Prevailing circumstance has brightened the outlook for capital expenditures by state governments.

Positive Developments:

Union government has stepped up tax devolution during July-August.
The interest-free Capex loan scheme for states has seen a sharp pickup in off-take in July.
The norms for the adjustment of off-budget borrowings for the current fiscal have been eased.

What can be expected?

The Centre has stepped up the amount of tax devolution to states. But that’s not enough, tax devolution will need to be as high as Rs 9.3 lakh crore this year, overshooting the budget estimates by more than Rs 1 lakh crore.
Therefore, the amount left to be disbursed to the states in the remainder of the year is quite substantial.
Stepping up interest-free loans to states: This amount will be given to the states as a loan.
More time to plan and execute capital projects: The Centre must consider sharing with states the likely amount of devolution before the start of each quarter in order to enable states to plan their capital spending, given the lead time required to plan and execute capital projects.
More Accurate Market Assessment: It may also result in more accurate assessments of their quarterly market borrowings.

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GS Analyst: Daily Current Affairs

8th September 2022 (8 Topics)

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GS Analyst: Daily Current Affairs

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