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Rangu Satish
Verified Educator@#Unacademy, GS Faculty for #UPSC

U
Unacademy user
please sir take 3 days break. We will wait and pray for your good health. Thankyou😊

  1. NAME: RANGU SATISH QUALUFICATION: GRADUATION IN COMMERCE AND ECONOMICS CERTIFIED PROFESSIONAL COURSEIN ENGLISH FROM EFLU MASTERS IN MASS COMMUNICATION LLB ASSOCIATED WITH: BANK OF AMERICA GE NDTV 24/7 HOBBIES: PERFUMIST YOGAAND MEDITATION, BAREFOOT WALKIN BEACH, SEA TRAVELAND PARAGLIDING. CURRENTLY: WORKING ASMEDIAAND LAW ADVISORTO COMPANIES FILES PILS, RTIS AND WRIT PE ON FOR GOOD GOVERNANCE WITH NGOS MOTIVATIONAL SPEAKER@ EDUCATIONAL INSTITUTIONS EDUCATOR @UNACADEMY. AIM EVERYDAYOVER 7000 PEOPLE DIE OF EMPTY STOMACH IN THEIR SLEEPININDIAI BELIEVE, WE THE PEOPLE OF INDIAWHO GOT EDUCATED, HAVE TO ANSWER THIS UNANSWERED QUESTION. WEARE 71 YEARS DOWN ON THE LINE OFINDEPENDENCE, YET THESE PEOPLE DIDNTGET THEIR INDEPENDENCE FROM THEIR HUNGER. RATE SHARE MISSION 7000 HTTPS://UNACADEMY.COM/USER/RANGUSATISH1947


  2. Course Design News that fall in General Studies Segment News Background Significance of the News Concerns regarding news Way ahead or What needs to be done. 7


  3. Topic: GS 3 Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System objectives unctioning, limitations, revamping: issues of buffer stocks and food securitv: Technoloav missions: economics of animal-rearin Farm loan waivers a quick-fix, may have adverse impact


  4. Terming farm loan waivers a "quick-fix",_ the RBI has again voiced its concern. saying they will lead to a lasting adverse impact on farm productivity . What's the concern? . According to the Economic Survey 2016-17 (Volume 2), the burden of farm loan waivers could be as much as 2.2-2.7 lakh crore if all states start offering the relief and would stoke short-term deflationary shock in the economy. The survey estimates that loan waivers by all states could reduce aggregate demand by as much as 0.7% of GDP. This is because the states funding the loan waiver would have to prune spending and possibly_raise taxes to improve revenue and stick to their fiscal deficit limits, although private demands tends to get a boost from the loan waivers. Even as the central government makes significant efforts toward fiscal consolidation, the higher debt burden of the states could push up general government debt


  5. y worry about this? Wh In the absence of coordinated and sustained efforts to put in place elements of a virtuous cycle of uplift of farmers' income, loan waivers have periodically emerged as a quick fix to ease their distress Recently, states including Uttar Pradesh and Maharashtra have announced farm loan waivers adding up to Rs 1.3 trillion or 0.8% of GDP this fiscal Increased discrimination: Loan waivers also lead to faulty targeting of beneficiaries and resultant discrimination, incentivise wilful defaulters and erode credit discipline . Deteriorating assets quality: Since waiver announcements and actual dole-out come with a time lag, in this interregnum, the quality of assets deteriorates and bridge provisions crowd out new loans. It impacts public finances via higher than budgeted revenue spends. This will have to be financed by additional market borrowings which push up interest rates, not just for the states but for the entire economy Collateral damage: A collateral damage is that private borrowers are crowded out as the cost of borrowing rises. Even if loan waiver is accommodated within the budget, it will force cut-backs in other heads of expenditure Therefore, these loan waivers could impact credit discipline, vitiate credit culture and disincentivise borrowers from repayment. Ultimately loan waivers involve a transfer of resources from tax payers to borrowers which can also crimp consumption redistribution


  6. Reasons for recurring farm distress: The recurring farm distress is mainly because of "perennially low investment, archaic irrigation practises, monsoon dependence, fragmented land-holdings, low tech adoption, lack of property rights and low initial networth of farmers" All these can potentially imprison farmers in a circle of indebtedness with a disturbing frequency. Way ahead: There is a need for lasting solutions like building irrigation capabilities and cold storage chains, increased crop insurance coverage, farm infrastructure building tech-enabled productivity improvement and opening the sector to market forces and open trade can also help. 7 Souides: the Hindu


  7. Subject Wise Compilation: POLITY AND CONSTITUTION INTERNATIONAL/INDIA AND WORLD ECONOMY SECURITY ENVIRONMENT SCIENCE AND TECHNOLOGY SOCIAL CULTURE 7


  8. SOURCE OF THENEWS .The Hindu The Indian Express Press Information Bureau PRS Legislative Research 01 DSA: Institute for Defense Studies and Analysis Yojana and Kurukshetra LokSabha and RajyaSabha Debates Insights and Coaching materials


  9. Mission 2018