answer-synopsis-current-affairs-based-mains-drill-24-march-2020

  1. Examine the socio-economic impact of lockdowns proposed to contain COVID-19.

Demand of the question

COVID-19 has led to a complete lockdown in the country. It has come to the centre of debate that there would be significant socio-economic impact of it. Discuss all the dimensions of the debate and conclude by a future plan. 

Keywords to be included

Social integration, isolation, counselling, family time, livelihood challenge, economic cost, unemployment, crimes, work from home, psychological issues, day workers, etc.

Body

  • Examine the lockdown situation
  • Mention the all-round impact of lockdown on the social and economic structure. 
  • Highlight the challenges it poses. 
  • Discuss the need for government support. 
  • Provide for participation by the private sector. 

Conclusion Mention the need for having more counselling facilities once the lockdown is over since people in isolation will have psychological troubles. 

  1. Electronics sector presents a unique opportunity for the export sector in the country.

Demand of the question

Electronics sector in the country has been provided with a support of 48000 crore rupees. Discuss the role envisaged for the sector to help in the growth of the country and the export sector. 

Keywords to be included

Technology intensive world, newer technologies being introduced, demand surge, Virus lockdown in china, export potential, filling the gap, surging the economy, etc. 

Body

  • Mention how the electronics sector has vast potential. 
  • Discuss the shutting down of major global manufacturers amid corona. 
  • Highlight the room it makes for the Indian sector in the global markets.
  • Examine the issues around the export. 
  • Give a path forward. 

Conclusion Mention the need for adapting our export policy as per the changing global landscape. 

  1. Discuss the need and impact of technological advancement of the armed forces. 

Demand of the question

Examine the issues around the technological advancement of the armed forces. Highlight the solutions and mention the future strategy in achieving the same. 

Keywords to be included

Technology, drone, better machinery, satellites, modern force structure, swift action, inter-operability of forces, synergy, threat assessment, saving lives, upper hand, etc. 

Body

  • Mention the case for modernisation. 
  • Discuss the scope of such modernisation. 
  • Highlight the benefits expected out of it 
  • Mention criticality of such upgrades.

Conclusion There is a strong case for defence modernisation because India’s adversaries are already taking appropriate measures for the same. 

  1. Examine the issues around the MSME sector, and suggest solutions to strengthen the same. 

Demand of the question

MSME sector is the lifeline of the Indian economy since there is a lot of employment generation and more that comes from this sector. Mention all of it to discuss the background of the situation. Then talk about the issues and reforms with the sector. 

Keywords to be included

MSME, new definition, dwarfs, export potential, employment generation, capacity, incentives, incentives, GeM portal, regulation, profit margin, liquidity, advancement, upgradation, economic survey of India etc. 

Body

  • Mention the current state of the MSME sector in the country. 
  • Discuss the challenges that are around it. 
  • Examine the issues that have led to these challenges. 
  • Provide for the solutions to the problems.

Conclusion Carving a path of transformation for the MSMEs to grow into large companies is the need of the hour for the holistic growth of the country. 

  1. What is operation twist? How is it going to help maintain the economic stability of the country?

Demand of the question

To improve the liquidity position in the market, the RBI has conducted operation twist on the lines of the US federal reserve. Examine the impact that it can have on the economy per se, and suggest a future path for stable banking environments. 

Keywords to be included

Economic stability, crisis, NPA, liquidity, short term, long term, US federal reserve, unemployment, consumption, inflation, mild, growth, scope, etc. 

Body

  • Define operation twist. 
  • Examine the economic impact of it. 
  • Suggest the reservations in implementation of the same. 
  • Highlight alternative approaches to improve the liquidity situation of the market 

Conclusion Conclude with a path forward to have stable banking and other financial ecosystems.