Editorials/Opinions Analysis For UPSC 10 February 2023
Contents
- For Economic Resilience, India Must Lower Public Debt
- Environment: The Issue With The Supreme Court Acting As An “approving” Power
For Economic Resilience, India Must Lower Public Debt
Context
- The new Union budget, which was unveiled last week by Finance Minister Nirmala Sitharaman, has a solid strategy to further reduce the fiscal deficit as a percentage of India’s GDP (GDP).
- The fact that the public debt to GDP ratio is anticipated to rise over the upcoming fiscal year, despite this fiscal correction, did not receive enough attention in the immediate aftermath of the event.
Relevance
GS Paper-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development, and employment
Mains Question
To increase economic resilience for the upcoming years, the public debt ratio needs to return to levels that were at least pre-pandemic. Discuss. (150 words)
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Environment: The Issue With The Supreme Court Acting As An “approving” Power
Context
- In light of the crisis in Joshimath, the Indian government has decided to halt construction on the Helang-Marwari bypass, a component of the Char Dham project.
- The Supreme Court granted approval for this project’s construction last year, and the project’s suspension now calls into question the wisdom of that ruling.
- The supreme court has approved projects in other cases besides this one. Dams, mines, highways, and numerous other projects have started construction in the recent decades after receiving Supreme Court approval.
Relevance:
GS Paper-2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation
Mains Question
The Supreme Court is often said to be not always correct, but always final. As a result, the final authority to make environmental decisions cannot also be the first authority to approve projects. Examine carefully. (250 words)
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