India State of Forest Report 2019
India State of Forest Report 2019 The India state of Forest report is published by the Forest Survey of India (FSI). FSI has been mandated to assess the forest and tree resources of the country including wall-to-wall forest cover mapping in a biennial cycle. Starting 1987, 16 assessment have been completed so far. ISFR 2019 […]
Conferences, Conventions, Protocols in Environment and Ecology
What is the difference between a protocol, a treaty, and a convention? The difference between a protocol, treaty, and convention is: (1) Protocol: A protocol is an agreement that diplomatic negotiators formulate and sign as the basis for a final convention or treaty. The treaty itself may not be completed for many years. (2) Treaty: A treaty is […]
V1C4: UNDERMINING MARKETS: WHEN GOVERNMENT INTERVENTION HURTS MORE THAN IT HELPS
The Economic Survey 2020 gives an unapologetic defence of wealth creation. Many Govt measures — well intended — but over years become counter productive — pharmaceuticals and agriculture Undermined the ability of the markets to support wealth creation Outcomes opposite to those intended. Economic freedom enhances wealth creation — by efficient allocation of entrepreneurial resources […]
V1C3: PRO-BUSINESS VERSUS PRO-CRONY
Cronyism: It is the practice of partiality in awarding jobs and other advantages to friends or trusted colleagues, especially in politics and between politicians and supportive organizations. Dutch Disease: It is an economic term for negative consequences. It is primarily associated with the new discovery or exploitation of a valuable natural resource and the unexpected […]
V1C2: ENTREPRENEURSHIP AND WEALTH CREATION AT THE GRASSROOTS
The “Startup India” campaign of the Government of India recognizes entrepreneurship as an increasingly important strategy to fuel productivity growth and wealth creation in India. Chapter Focus: Content and drivers of entrepreneurial activity at the bottom of the administrative pyramid – over 500 districts in India. India ranks third in the number of new firms […]
Wildlife Protection Act 1972 for UPSC Exam | Legacy IAS
Wildlife Protection Act 1972 On 5th June 1972: UN Conference on Human Environment in Stockholm. That is why, 5th June came to be celebrated all over the world as World Environment Day. India took big step by enacting The Wildlife (Protection) Act in 1972. Constitutional Provisions Article 48-A : “The State shall endeavour to protect […]
V1C1: WEALTH CREATION: The Invisible Hand Supported by Hand of Trust
The Economic Survey 2019-2020 has laid stress on wealth creation through the ‘invisible hand of markets’ with the support of the ‘hand of trust’. Invisible hand of markets The ‘invisible hand of markets’ is Adam Smith’s philosophy of wealth creation and economic development and it refers to the indirect or unintended benefits for society that […]
Introduction to Economic Survey 2020
The Economic Survey of India — flagship annual document of the Ministry of Finance, Government of India. Presented by: The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament — both houses When: Every year, just before the Union Budget. Prepared by: It is prepared under the guidance of the Chief […]