Q) The symmetry in the working of the GST Council and the Finance Commission deserves serious consideration. Analyze. (150 words)
Why this question
- Fifteenth Finance Commission chairman N.K. Singh has called for a fresh look at the Constitution’s Seventh Schedule, which forms the basis for allocating subjects to the Centre and States, and hinted at the need to fill an ‘institutional vacuum’ created by the abolition of the Planning Commission.
Introduction: Briefly define Finance Commission and GST Council.
- Conflict of interests: The Finance Commissions look at projections of expenditure and revenue, but issues of GST rates exemptions, changes, and implementation of the indirect taxes are entirely within the domain of the GST Council.
- This leads to unsettled questions on the ways to monitor, scrutinise and optimise revenue outcomes.
- With the abolition of the Planning Commission, many economists and policy makers have argued about an institutional vacuum.
- We need to give serious consideration for a consultative forum for credible policy dialogue between the Centre and the States.
Way forward:We need to give serious consideration for a consultative forum for credible policy dialogue between the Centre and the States.
Conclusion: Summarize the above points.
Q.2) India is the only G20 nation to be in compliance with the Paris Agreement on Climate Change. India must not let global pressure force it off the growth path. Discuss. (150 words)
Why this question?
- Addressing a press meet on the eve of 'Five years of Paris Agreement', the Environment minister said India is "walking the talk" on climate change as it has already achieved 21 per cent of its target of reducing emissions intensity of GDP by 33-35 percent by 2030.
Introduction: Briefly describe the Paris Climate Deal
- India’s Nationally Determined Contributions (NDC)
- India’s claimed achievements
- India has met 21% of our emissions intensity target,
- The share of renewables in our energy mix is 37.9% and
- Our tree cover has increased by 15,000 square kilometre in six years.
- Comparison of India’s achievements with other prominent nations
- Need for balance between NDCs and growth
Conclusion: India must initiate a narrative, discussion and dialogue which focuses on each country taking on commitments that move their carbon trajectory towards the Paris agreement goal of limiting global warming to well below 2°C.