Back to Projects
JOIN WHATSAPP GROUP
Free PSC MCQ 4 Lakhs+
Please Write a Review
Current Affairs 2018 to 2022
PYQ 1200 Q/A Part - 1
PYQ 1200 Q/A Part - 2
PYQ 1200 Q/A Part - 3
PYQ 1200 Q/A Part - 4
PYQ 1200 Q/A Part - 5
Kerala PSC Indian Economy Book Study Materials Page 132
Book's First Page5.46 ndian onom 7. So that the corporate sector is able to mobilise Overall, the current investment model of enough resources for its investment needs the economy is private-led and for this the GoI in the economy, the governments started proposes to put in place the right kind of financial to restructure the whole gamut of the system, legal framework, labour laws, etc. The tax structure, financial structure and its main idea of this model is to ‘unshackle’ the hidden fiscal policy. Now, as the economy will potential of the private sector. To the extent the depend more on private participation role of the government is concerned, it will be for its developmental requirements, limited to being a regulator with an increased tone the government avoid crowding out of a “facilitator” and a caretaker of the well being the fund from the economy—a process of the disadvantaged and marginalised sections of fiscal consolidation starts in. An of the society, so that the face of the economic increased emphasis comes on the fronts reform remains ‘humane’. In wake of the financial of ‘targeting’ the subsidies, their better crisis in the western economies, the challenge of delivery, pension reforms, etc., so that the mobilising resources has become tougher and it government could de-burden the financial will be really good that the government is able to system from its fund requirements and devise out a working investment model. enough finance flows in the system for the private sector. cEntrAL SEctor SchEMES And 8. To take care of the spending and cEntrALLy SponSorEd SchEMES investment requirements of the general The exercise of planned development in India has public, the government is committed to evolved two type of schemes over the time, viz.,— put in place a cheap interest rate regime, Central Sector Scheme and Centrally Sponsored right kind of financial environment, Scheme. The names are derived from the pattern an stable inflation and exchange rate of funding and the modality for implementation. besides other instruments. Bringing in The Central Sector Schemes are 100 per ‘inclusiveness’ in the growth process is cent funded by the Union Government and now the declared policy stance of the implemented by the Central Government government. machinery. These schemes are mainly formulated 9. Once the new government came to power on subjects from the Union List. In addition, the by mid-2014, we find a renewed synergy Central ministries also implement some schemes in creating conducive environment for the directly in the states/UTs, which are called private sector so that the economy could Central Sector Schemes, but resources under these be able to attract enough investible fund schemes are not generally transferred to states. to further the process of development. As per the Union Budget 2016–17, the The government looks committed to existing 1,500 such schemes have been restructured the cause of improving the ‘ease of doing into 300 by the Gol. This will prevent overlapping business’ in the country. Aimed to this we of expenditure and help in better monitoring and find the government busy in putting in evaluation. place the ‘right’ kind of land acquisition Under the Centrally Sponsored Schemes law, labour law, companies law, tax laws, (CSSs) a certain percentage of the funding is digitalisation of government processes, borne by the Centre and the states in fixed ratios etc. and the implementation is done by the state