Allocation are Keys

GS-III: Allocation are Keys

Context

The budget must focus on the priority areas for the budget allocations. It is expected to provide funds and an assurance that the allocations would be rule-based.

Rural distress needs to be allocated to funds.

Drinking water
Improving the efficiency of existing irrigation systems
Rural finance including temporary waiver of loan repayments :

Job creation

It will depend on the revival of industrial production, continuing growth of exports and an agricultural revival.
Most policies have a lag of around four to six months.
In the short run, the money will be needed for the MGNREGA.
The budget should concretely raise public investment to revive private investment to reverse the declining growth rate in every quarter.

Fiscal Deficit

The fiscal deficit is a real issue and leads to pressures on the bank rate and exchange rates.
The need is to raise resources by taxation and not cutting consumption by the government and non-government sectors.

Banking sector

The cleanup of the banking and NBFC sectors should be immediate and it needs funds.
Though these are outside the budget, they determine the fiscal deficit.
Raise government investment at the central, state and parastatal levels.
The economy is suffering from a decline in investment ratios. This is reflected in the declining growth rate, which is below the potential of 8%.
The last round of the NSS data shows that girl child dropped out of school more than earlier. If she goes to college, marries late, the first child comes later the real demographic dividend starts.

Source: Indian Express

Join Our Telegram

Consumer Protection Bill

Centre unveils plan for coastal zone management

Geopolitical Significance of Ports

20 Dec, 24
SHARE

Geopolitical Significance of Ports (IR) Act as geopolitical assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols

SPACE VEHICLE - PSLV & GSLV - Space ORBITS

20 Dec, 24
SHARE

SPACE VEHICLE - PSLV & GSLV - Space ORBITS (S&T) GS PAPER-3 India has one of the world's most effective and active space programmes, with a diverse set of missions and accomplishments in the space sector. The Indian Space Research Organisation (ISRO) is India's primary space agency located in Bangalore. It has made sign

Pradhan Mantri Suryodaya Yojana

06 Feb, 24
SHARE

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO

06 Feb, 24
SHARE

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

06 Feb, 24
SHARE

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na