GS3

Problems With Urbanization: Illegal Construction

Illegal Construction structures on non-permitted land is a serious issue that the government and municipalities of various states in India are fighting against. The Supreme Court has directed the Maharashtra authorities to get all cities where the population is 50 lakh or more to be geo-mapped to easily track and control illegal constructions in them... .Read more

Updated on 31 October, 2019 GS3 Infrastructure Economy

Import Duty Structure

The News India’s duty structure is inverted. Indian manufacturer needs to correct the import duty structure on Key Industrial Raw Materials (KRMs). What is the issue with India? Generally, countries keep import duty low on KRMs and high on Value Added Products (VAPs) that gives domestic producers the freedom to buy the cheapest KRMs from any country ... .Read more

Updated on 31 October, 2019 GS3 Economy

The concept of Access Economy

The News: Uber chief executive officer recently said that Indians should shun car ownership. He was promoting what is referred to as the access economy. Can Uber and other similar accessible facilities replace ownership? Features of an Access Economy: The meaning of the term ‘Access Economy’ is ambiguous, generating considerable debate about what t... .Read more

Updated on 31 October, 2019 GS3 Economy

Air Independent Propulsion

News: The indigenous Air Independent Propulsion (AIP) system to enhance the endurance of conventional submarines being developed by the Defence Research and Development Organization (DRDO) reached a milestone with the successful operation of a land-based prototype. All Scorpene submarines of the Navy are planned to be equipped with an AIP module in due cou... .Read more

Updated on 31 October, 2019 GS3 Science and Technology

Employment in India UPSC

The News: Employment Status - Using the NSSO data, a new study shows that between 2004 and 2017, employment grew at less than half the rate of population growth; number of women and young people in jobs fell; rural employment stagnated. Key-Highlights of the Study: About the survey of Employment : The study instead of ... .Read more

Updated on 30 October, 2019 GS3 Economy

The new gold standards in Development Economics

With RCT becoming a dominant factor, randomized could be changing the paradigm of the social sciences. Three randomized, Abhijit Banerjee, Esther Duflo, and Michael Kremer, were awarded the Nobel Prize for Economics for their RCT- based studies on poverty worldwide. Randomistas: Randomistas are proponents of RCT to assess long-run economic productivity and... .Read more

Updated on 30 October, 2019 GS3 Economy