Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Q5. “The future success of the GST regime depends more on improving tax efficiency than on increasing tax rates.” Assess the major structural challenges affecting GST efficiency. Outline measures to strengthen the GST framework. (15 M) Difficulty Level: Medium Reference: …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q6. “The success of foreign direct investment lies not merely in attracting capital but in embedding investment within the domestic economy.” Examine the factors that influence FDI retention. (10 M) Difficulty Level: Medium Reference: IE Why the question India continues …
Topic: changes in industrial policy and their effects on industrial growth. Q4. MSMEs are the backbone of India’s economy but remain peripheral in global trade integration. Critically examine. Suggest measures to enhance their export orientation. (10 M) Difficulty Level: Medium Reference: TH Why the question MSMEs are central to India’s growth strategy, yet their weak …
Source: IE Subject: Important Bill and Act Context: The Union Cabinet has moved the Corporate Laws (Amendment) Bill, 2026, in the Lok Sabha, subsequently referring it to a 31-member Joint Parliamentary Committee (JPC) for detailed scrutiny. About Corporate Laws (Amendment) Bill, 2026: What it is? The Corporate Laws (Amendment) Bill, 2026, is a strategic legislative …
Source: ANI Subject: Government Scheme Context: On National StartUp Day (16 January 2026), the Prime Minister of India extended greetings as India marked 10 years of the StartUp India initiative. About 10 years of StartUp India: What it is? A flagship initiative of Government of India to catalyse start up culture and build a strong, …
Source: PIB Subject: Polity Context: The 79th Foundation Day of the Bureau of Indian Standards (BIS) was celebrated, where Union Minister highlighted BIS’s shift from a regulatory to a facilitative approach, aligned with ease of doing business and quality culture. About Bureau of Indian Standards (BIS): What it is? BIS is India’s National Standards Body, …
Source: BS Context: Defence Minister released the Defence Procurement Manual (DPM) 2025 in New Delhi. Effective from November 1, 2025, the new manual aims to simplify revenue procurement procedures worth nearly ₹1 lakh crore annually. About Defence Procurement Manual (DPM) 2025: What it is? The Defence Procurement Manual 2025 is a comprehensive guideline for revenue …
Source: TBL Context: The Ministry of Mines has issued a notification, classifying limestone entirely as a major mineral, removing its dual classification as both a major and minor mineral. About Limestone Classified as a Major Mineral: What it is? Limestone is a sedimentary rock composed mainly of calcium carbonate (CaCO₃), widely used in cement, steel, …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Examine the rationale for introducing a presumptive taxation regime for foreign investors. Assess its likely impact on India’s ease of doing business and foreign direct investment flows. Also propose measures to enhance predictability and stability in India’s international tax …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. “India’s competitiveness in the global economy will ultimately be determined by the reform dynamism of its states”. In your view, what mechanisms can deepen state-level accountability in economic governance? (10 M) Difficulty Level: Medium Reference: NIE Why the question …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Q5. Identify the major direct tax reforms in the Income Tax Bill, 2025 and explain their impact on India’s investment climate. Highlight how the Bill’s simplification measures can improve compliance. Propose steps to balance ease of doing business with revenue …
Context: The Ministry of New and Renewable Energy (MNRE) revised guidelines under the Biomass Programme (Phase-I, 2021–26). Aim to streamline clean energy adoption, support MSMEs, and address stubble burning with more flexibility and financial incentives. About Revised Guidelines Under the Biomass Programme: Launched by: MNRE under National Bioenergy Programme Phase-I Term: 2021–22 to 2025–26 Objective: …
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Source: LM Context: Union Minister Sarbananda Sonowal launched the One Nation-One Port (ONOP) initiative to standardize and streamline port operations across India. About One Nation-One Port (ONOP) Initiative: What is it? A nationwide port standardization initiative designed to unify port documentation, streamline operations, and enhance global trade efficiency in India. Ministry: Ministry of Ports, Shipping, …
UPSC CURRENT AFFAIRS – 21 November 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …
Source: PIB Context: The Hon’ble Minister of Jal Shakti launched the “Bhu-Neer” portal during the ceremonial conclusion of India Water Week 2024. About the “Bhu-Neer” Portal: Ministry: Ministry of Jal Shakti, developed by Central Ground Water Authority (CGWA) in collaboration with NIC. Aim: To regulate, manage, and monitor groundwater resources transparently and efficiently, promoting sustainability. …
Source: PIB Context: The Ministry of Environment, Forest, and Climate Change (MoEFCC) has issued a notification addressing a long-standing industry demand by removing the requirement for dual compliance of Environmental Clearance (EC) and Consent to Establish (CTE). Exempts Industries from Dual Approvals: Key Points What is Dual Approval? Dual approval refers to the mandatory requirement …
GS Paper 3 Syllabus: changes in industrial policy and their effects on industrial growth. Source: Indian Express Context: A recent survey highlighted that over three-fourths of the micro, small and medium enterprises (MSMEs) are of the view that their business remained either stagnant or decreased or wound up during the last five years. …
Continue reading “72% of MSMEs stagnant since past 5 years: Survey”
