Descriptive Prep: Brajesh Mohan
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Descriptive Section either in English or In Subject Matters (RBI, NABARD) becoming very Important. Our mission is to make this segment easy for those who don't feel confident in it. Ask Your Query 👉 @askbrajesh 🔗 Visit - courses.edugrade.in
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📊 مؤشرات الجمهور والحراك
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“Descriptive Section either in English or In Subject Matters (RBI, NABARD) becoming very Important. Our mission is to make this segment easy for those who don't feel confident in it.
Ask Your Query 👉 @askbrajesh
🔗 Visit - courses.edugrade.in”
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Key demand of the PLI Scheme Question
To write about the potential of the Production Linked Incentive scheme, its shortcomings and how they can be corrected to achieve its full potential.
What should be Introduction for PLI Scheme Questions
In the past few decades, the manufacturing sector has underperformed when compared to other nations, with a meagre share of 16-17% of the GDP. This is much less than that of China and South Korea, whose manufacturing accounts for 29% of the GDP and 27% in Thailand. Currently, this sector accounts for only 12% of the total employment of the workforce. Production Linked Incentive or PLI scheme is a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units. The recent economic survey 2022-23, said that the PLI schemes are set to unlock manufacturing capacity, boost exports, reduce import dependence and lead to job creation for both skilled and unskilled labour.
❇️ Today's Answer & Essay writing Topic - Day - 26 (ESI, FM & Descriptive)
ESI - Q. Discuss the potential of PLI Scheme to make India a self-reliant country in manufacturing, also discuss challenges associated with promoting large scale manufacturing in India. (600 Words)
FM - Q. What is cryptocurrency and why there is a need to regulate it? Explain with the help of example about the role played by the cryptocurrency in financial sector. (600 words)
Essay - Waste-water Management in India: Importance & Challenges (450 Words)
#descriptive
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There is an Article on PLI in Economic Survey 2022-23, and it has suggested how highly industrialized country such as South Korea, Japan and even China had to support Manufacturing in the start before it scale up.
The survey also said that the PLI schemes are set to unlock manufacturing capacity, boost exports, reduce import dependence and lead to job creation for both skilled and unskilled labour.
Investment of ₹47,500 crores has been seen under the PLI schemes in the FY22, which is 106% of the designated target for the year. Production/sales worth ₹3.85 lakh crore and employment generation of 3.0 lakh have been recorded due to PLI schemes.
Key sectors such as large-scale electronics manufacturing, pharmaceuticals, telecom & networking products, food processing and white goods have contributed considerably to investment, production, sales and employment.
Practice Questions Based on Economic Survey #3 (Chapter - 7. Climate Change and Environment: Preparing to Face the Future)
Practice Questions Based on Economic Survey #2 (Chapter - 5. Prices and Inflation: Successful Tight-Rope Walking)
Practice Questions Based on Economic Survey #1 (Chapter - 2. India’s Medium Term Growth Outlook: with Optimism and Hope)
❇️ Today's Answer & Essay writing Topic - Day - 25 (ESI, FM & Descriptive)
ESI - Q. What are SEZs? What role they have in development of manufacturing in India? Discuss the challenges suffered by them. (600 words)
FM - Q. Investments in Infrastructure have a multiplier impact on growth and employment. Discuss. (600 words)
Essay - Potential of rural tourism in India (450 Words)
#descriptive
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While GDP is a measure of the value of final goods and services produced in a country over a year, green GDP adjusts that number for environmental harm or resource depletion caused as a result of economic activity
Green GDP is calculated by subtracting net natural capital consumption from the standard GDP. This includes resource depletion, environmental degradation and protective environmental initiatives.
Green GDP = GDP - (Environmental pollution cost (EPC) + Resource depletion cost (RDC))
RBI Paper Recommended, a dedicated in-house group in the Ministry of Environment, Forest and Climate Change may be formed for:
- Providing time-series database required for estimation of green GDP.
- Release estimates of green GDP for India periodically on a regular basis.
- User-friendly data dissemination platform on the lines of the OECD and the Eurostat.
Estimation of Green GDP for India
https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=21333
❇️ Today's Answer & Essay writing Topic - Day - 24 (ESI, FM & Descriptive)
ESI - Q. What are the major impacts of climate change on India? Discuss the mitigation and adaptation strategy employed by the country to tackle it. (600 words)
FM - Q. What are derivatives? Explain the difference among hedging, speculation, and arbitrage. State the reasons for the rising growth of derivatives. (600 words)
Essay - The greatest glory in living lies not in never falling, but in rising every time we fall. (450 Words)
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Simply put, green finance is a loan or investment that promotes environmentally-positive activities, such as the purchase of ecologically-friendly goods and services or the construction of green infrastructure.
Other Reference Article:-
What is green finance and why is it important?
https://www.weforum.org/agenda/2020/11/what-is-green-finance/
How green finance can bolster India's transition to net-zero
https://www.weforum.org/agenda/2022/01/green-finance-bolster-india-transition-net-zero/
Green Finance in India: Progress and Challenges - RBI Paper
https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/04AR_2101202185D9B6905ADD465CB7DD280B88266F77.PDF
Those who write on Daily basis and feel that their answer is worth sharing in this channel can share it for review, will share it after evaluation. My ID - @brajeshMo.
How many of you seriously write Answer and essay based on these Questions?
Being atmanirbhar in climate finance
India needs to develop its own paradigm of climate finance. It cannot allow itself to be boxed in by the watertight categories of ‘green’ and ‘brown’ projects being laid down by the western world as a precondition to secure green funds.
If these categories are inappropriate, there is another issue which compounds the problem here — the sheer absence of funds coming from the West, which has not kept to its commitment of raising $100 billion annually for the developing countries. Therefore, both the framework for climate finance as well as funds raised to this end will have to be homegrown.
The Climate Finance Working Group has estimated a funds requirement of ₹118 trillion, available resources of ₹64 trillion and a gap of ₹54 trillion. This gap has to be met by way of domestic and foreign debt. Indian development financial institutions (DFIs) and commercial banks have to contribute by raising domestic funds and channelling resources from abroad.
One more Related Article above topic related to IBC - Why should you read this Opinion - You can use this an Example in Essay and Answer.
Stressed Assets. IBC resolutions on the road to nowhere
https://www.thehindubusinessline.com/specials/corporate-file/ibc-resolutions-on-the-road-to-nowhere/article66553204.ece
❇️ Today's Answer & Essay writing Topic - Day - 23 (ESI, FM & Descriptive)
ESI - Q. Analyze the impact of economic policies on social justice in India, and suggest measures to ensure that economic growth is inclusive and equitable. (600 words)
FM - Q. "Role of Technology in Financial Inclusion, Discuss various Opportunities and Challenges. (600 words)
Essay - Status and Nature of research and development in India (450 Words)
#descriptive
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Fixing India’s R&D inadequacies
https://www.thehindubusinessline.com/opinion/fixing-indias-rd-inadequacies/article66557197.ece
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Mock Test Start Date - 1st week of March 2023 (Test Schedule - Attached in the Article)
https://www.brajeshmohan.in/2023/01/buy-descriptive-mock-test-and-guidance-rbi-grade-b.html
