Context: The Directorate of Revenue Intelligence (DRI) launched “Operation Bullion Blaze” in Mumbai, cracking a major gold-smuggling and melting syndicate. It seized 11.88 kg of gold worth ₹15.05 crore and arrested 11 individuals. About Operation Bullion Blaze: What it is? A targeted enforcement drive to dismantle organised gold-smuggling and illicit bullion-melting networks operating in Mumbai. …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q6. How do indirect tax reforms influence household consumption behaviour? Analyse their role in stimulating private investment. Suggest policy safeguards to balance growth with fiscal stability. (15 M) Difficulty Level: Medium Reference: IE Why the question In the backdrop of …
Context: In an address delivered at the Delhi School of Economics, N.K. Singh, the chairperson of the 15th Finance Commission, warned about how the race to provide freebies to voters could be a “quick path to fiscal disaster”. He also noted that freebies could be harmful for the long-term economic growth of the country …
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