(Answer Synopsis): Current Affairs Based Mains Drill | 7 February 2020

(Answer Synopsis): Current Affairs Based Mains Drill - 7 February 2020

Updated on 7 February, 2020

Target 2020 Current Affairs
answer-synopsis-current-affairs-based-mains-drill-7-february-2020

Question 1. What is Sagarmala? How can it improve the growth of Indian economy?

Introduction

Give a brief introduction of the Sagarmala program.

Body

  • Mention the main characteristics of the program
    • Aims,
    • Economic aspects,
    • Security aspects.
  • Examine how it aims to develop the ports of the country.
    • Port modernisation.
    • Connectivity enhancement
    • Port linked industrialisation.
    • Coastal community development.
  • Mention the impact on the hinterlands.
    • Port led development.
    • Push to manufacturing and exports.
    • Improved inland connectivity.
    • Rebalancing of transport usage.
  • Examine the impact on rural economy
    • Boosts exports.
    • Improves transit logistics in the country.
    • Creation of last mile links to promote village and cluster-based economy.

Conclusion

Indian economy suffers from a paralysis of quality logistics infrastructure. Highlight this lacuna and mention the role of sagarmala in it.

 

Question 2. Examine the need for bringing the cooperative banks under the RBI’s purview.

Introduction

After the PMC bank crisis, cooperative banks are now being brought under the control of the RBI. Use the news to introduce the answer.

Body

  • Mention the impact of the cooperative’s banks in India.
    • Urban coop banks have assets more than 5 Lakh crores.
    • More than 1 lakh rural coop institutions are functional.
    • Huge impact on the financial inclusion in the country.
  • Examine the current regime of regulation.
    • Co-operative banks in India are registered under the States Cooperative Societies Act. The Co-operative banks are also regulated by the Reserve Bank of India (RBI)
    • These are governed by the Banking Regulations Act 1949, and the Banking Laws (Co-operative Societies) Act, 1955.
  • Mention the issues with the current system.
    • Dual control by the state and central regulatory authorities.
    • Organisational and financial limitations
    • resource constraints
    • Huge overdue loans of the cooperative banks
    • Declining Long-term credit
    • Regional disparities, and
    • Political interference
  • Mention what else can be done.
    • Better banking regulations.
    • Removal of dual control.
    • Reduction in political interference.
    • Increase in professionalism.

Conclusion

Conclude the answer by mentioning the turmoil that India has been facing for a long time due to the poor state of banking, and mention the need for bringing more reforms to the banking sector.

 

Question 3. In the wake of 5G, there is a greater need for the data protection of citizens. Comment.

Introduction

In the wake of 5G, capturing and using data will not only become easy, but also increase manifold. Begin your answer from there.

Body

  • Give a background of the 5G technology.
  • Mention the increased data collection, and possibilities of misuse of the same.
    • Easier to collect data.
    • Larger amount of data to be collected.
    • Use of big data analytics to become easier.
    • Chances of leak, misuse, etc to increase.
  • Highlight the need for creating a law to regulate it.
    • Lack of any law particularly directed to data collection.
    • Inadequacies of the IT Act, 2000.
    • Data collection at almost all times in our lives.
  • Examine the challenges in creation of such law.
    • Industry may be upset.
    • New regulations may require higher investment
    • Can hamper ease of doing business.
    • Makes it more challenging for the start-ups.
  • Mention the best examples like the GDPR.

Conclusion

Conclude the answer by mentioning the need for immediate enactment of a data privacy law in the country.

 

Question 4. Sustainable development has become essential in the wake of climate change. Comment.

Introduction

Give a brief introduction to the idea of sustainable development.

Body

  • Mention what sustainable development is?
  • Examine the current crisis of climate change.
  • Provide for the role of sustainable development in controlling climate change.
    • Environmental protection
    • Controlled usage of resources.
    • Adoption of suitable technologies.
    • Having a long term outlook.
  • Mention the challenges in adoption of sustainable development.
    • Increased costs.
    • Lack of awareness.
    • Challenges to the goal of fast development.
    • Lack of technology.
    • No global synergy.

Conclusion

Conclude the answer by highlighting the need for collaborated global efforts in sustainable development to conclude the answer.

 

Question 5. The Speaker's office has been under flay for being biased. Examine the need and suggest possibilities for course correction.

Introduction

Speaker’s office needs to be unbiased, and you can introduce the answer around that argument.

Body

  • Mention the roles of the speaker that require her to act impartially.
    • Anti-defection
    • Decision on money bills
    • Maintaining the decorum of the house.
    • Conducting day to day business of the house.
  • Examine the issues with the powers of the speaker.
    • Cannot be challenged.
    • Absolute powers.
    • Speaker is politically associated.
    • Speaker has to contest elections.
  • Mention the challenges involved with reforming the speaker’s office.
    • Political will is lacking
    • Not giving huge powers may lead to indiscipline in the house.
    • Business of the house may not be smoothly conducted with lack of such powers.
  • Highlight some of the solutions to change the situation.
    • Creation of independent parliamentary commission.
    • Speaker to take major decisions only after thorough examination of the facts.

Conclusion

Conclude the answer by mentioning the need for political consensus on reforming the office of the speaker.

You can also download the (Answer Synopsis): Current Affairs Based Mains Drill - 6 February 2020 by clicking here.

 


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