[Mission 2023] STATIC QUIZ, 21 February 2023 – Governance

Solution: d)

The primary reasons for the failure of public sector enterprises is no secret. Cost overruns, inter alia, is one of the major reasons. In some cases, project completion time is exceeded, leading to elevated project cost so much so that either the project itself becomes unviable at the time of its launching or delays its break even point. Besides, optimum input-output ratio is seldom observed in a majority of government infrastructural projects leading to their overcapitalisation. A reluctance to implement labour reforms, a lack of inter-ministerial/departmental coordination, poor decision-making, ineffective governance and excessive government control are other reasons for the failure of public infrastructural assets.

Solution: b)

As part of National e-Governance Plan, e-Courts Project is an Integrated Mission Mode Project under implementation since 2007 for the ICT development of the Indian Judiciary based on the ‘National Policy and Action Plan for Implementation of Information and Communication Technology in Indian Judiciary’.

It is a Pan-India Project, monitored and funded by Department of Justice, Ministry of Law and Justice, Government of India for the District Courts across the country.

Solution: c)

Section 135 of the Companies Act mandates corporates who are beyond a certain level of profits and turnover to pay at least 2% of their net profits before tax to the development space. This law gives corporates the necessary impetus to collaborate with non-state actors like Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs). This is a classic case of state-driven governance mechanism promoting collaboration among non-state actors.

A key pillar of democratic governance is citizens’ power to question the state.

Solution: d)

NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been set up by leading banks and public institutions and is incorporated as a union government company. The primary role of NeSL is to serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the financial or operational creditor and verified and authenticated by the parties to the debt.

NeSL works towards:

• Time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.
• Default intimation to Creditors linked to a debtor when any creditor files a default against a debtor
• Mitigation of information asymmetry between parties to a debt
• Superior credit monitoring by creditors
• An agreed statement of outstanding balance between parties to a debt
• Facilitate all stakeholders of the IBC ecosystem by leveraging Information Technology to achieve objective of code

Solution: c)

e-GramSwaraj Portal and Mobile App:

Launched by the Ministry of Panchayati Raj.

It will provide the Gram Panchayats with a single interface to prepare and implement their Gram Panchayat Development Plan (GPDP).

The portal will ensure real time monitoring and accountability.