Reforming subsidy regime is required to create a fiscal space for the government for better economic recovery in the country. Elaborate (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
Cibi Siddharth 3 years
kindly review and provide suggestions sir /mam
IAS Parliament 3 years
Avoid using short forms and try to use flowcharts. Keep Writing.
IAS Parliament 3 years
KEY POINTS
· India’s growth forecasts are now 1-2 percentage points lower owing to the second wave of coronavirus.
· Vaccine shortage means the post-lockdown reopening will plant seeds of another round of infections; dampened, uncertain prospects of mass rapid vaccination.
· Qualitative and quantitative distinctions include the virus’ lethality and spread, severe human and economic scarring, fear-persistence as a result and from he anticipated third wave with magnification.
· MSMEs are affected by shutdowns hurting sales and raw material procurements, through supply chain linkages, and inability to withstand prolonged pressures.
· A stretching pandemic of unknown duration and spread means worsening employment-income situation for the susceptible population segments.
· The government also neglected sharing its views nor revise fiscal rules (the FRBM Act) or present a detailed medium-term fiscal adjustment plan since the budget presentation.
· It is time for the government to think along structural lines, and start preparing fiscal space for this emergency of unknown magnitude and longevity.
· The reforms to agriculture marketing and institutional structures, accounting transparency by bringing subsidy arrears (food, fertilisers) on the balance sheet, raising LPG prices, have all been commendable efforts in this direction.
· This must aim to reduce subsidies over the medium-term, starting now howsoever modestly in order to display commitment and restore credibility.
Saurabh kasaudhan 3 years
Kindly review and provide suggestions!
IAS Parliament 3 years
Try to provide a proper conclusion. Keep Writing.
Rajyalakshmi Mahimaluru 3 years
Kindly review sir/madam
IAS Parliament 3 years
Try to cut short the introduction part, and stick to word limit. Keep Writing.
S Singh 3 years
Please review. Thank you.
IAS Parliament 3 years
Try to stick to word limit and include data and flow charts to minimize the words and provide more content. Keep Writing.
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