00e0000 Good Politics & Bad Economics By- Yasmin Gill
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plus Discount Code 'yashi.gillo1' 10% ETHICS, INTEGRITY & APTITUDE Complete Course on Ethics, EE integrity& Aptitude Lesson 27 Today, 6:00 PM Yasmin Gill
Good Politics & Bad Economics (E) First, it was PM Kisan Samman Nidhi Yojana targeted at small & marginal farmers with commitment to pay Rs 6,000 annually Now it is the idea of a minimum income guarantee scheme- Nyuntam Aay Yojana, which promises to provide Rs 6,000 a month or Rs 72,000 annually to 20% of poorest households Apart from these, some states, too, have already unveiled similar schemes The notable fact is that both are silent on what they plan to do with existing welfare schemes There is no doubt, as many economists have acknowledged, that cash transfer, especially when it is unconditional, is the way forward elt is seen as less patronising, in step with the market economy and providing the poor a choice.
The issue is not really about finding additional resources for such a scheme What presents a real political economy challenge is eliminating or phasing out some of the welfare schemes, including inefficient subsidies such as that on urea Instead, governments find it politically expedient to raise fresh revenues by taxing the rich, which only serves to disincentivise the job creators, rising entrepreneurs and innovators Economic reforms in India have been slow and it's only over the last two decades that the 7-7.5 per cent growth rate has become the new norm Poverty levels have been falling but because of poor skills, agrarian distress and gaps in the health-education ecosystem, millions of young men and women are in despair when it comes to earning enough This explains why there is a felt need to address the problem of ic poverty through a Basic Income scheme
n a country with a large number of poor, the only antidote to poverty is sustained double-digit growth over the next 20-30 years This alone will create jobs, helping India reap its demographic dividend, and, in the process, lift millions out of poverty This will require governments to simultaneously create an enabling environment for the young and for reviving the animal spirits of entrepreneurs and businessmen and women A handout may be good politics but it's a leg-up that's both good politics and economics.
Like Copenhagen (IE) Last year, in the run-up to the UNFCCC's summit at Katowice, climate scientists released a report targeted at urban policymakers Was a follow-up to the IPCC's seminal report, which had stressed on the urgency of keeping global warming to less tharn 1.5 C above pre-industrial levels -Cities hold the key-nearly 75 % of global carbon footprint is due to urban activities Mayors of several cities promised to act on the report's recommendations Copenhagen -first city to present a plan to cancel out its carbon footprint by 2025. -Has already reduced its GHG emissions by more than 40 % compared to 2005 -Nearly 45 % of people who live in and around Copenhagen use bicycles to commute Has specially-designated roads for cyclists and uses waste to generate electricity
r every unit of fossil fuel it consumes, Copenhagen plans to sell commensurate amounts of renewable energy .By the end of this year, everyone living in it will be half-a-mile from a subway station Well-connected and pedestrian-friendly cities have a relatively low carbon footprint The report recommends the use of "ICT to optimise public transportation efficiency, and enable vehicle sharing" .It also advocates the use of "energy-efficient buildings and infrastructure that have low or near zero-emissions" All this will require cooperation between local, provincial and national governments. That remains the Achilles heel for cities Delhi's never-ending pollution crisis, for example And Copenhagen's mayor has failed to persuade Denmar's government to impose restrictions on diesel-guzzling vehicles t it is increasingly clear that mayors, town planners and other local authorities hold the key to the success
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