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Editorials/Opinions Analysis For UPSC 15 September 2022


Editorials/Opinions Analysis For UPSC 15 September 2022


Contents

  1. Joining the dots to strengthen the patent ecosystem
  2. Windfall Tax in Energy Sector

Joining The Dots To Strengthen The Patent Ecosystem


Context

There is a surge in start-ups and unicorns in India, and an efficient IPR system is a necessary prerequisite for a healthy startup ecosystem. As a result, the report emphasises the importance of a strong patent system for a knowledge economy and the advancement of technological innovations.

Relevance

GS Paper – 2 Government Policies & Interventions, GS Paper – 3 Intellectual Property Rights (IPRs)

Mains Question

What exactly do you mean by intellectual property rights? Discuss how India should deal with intellectual property rights issues. (250 Words)

Click Here To Read More: Joining The Dots To Strengthen The Patent Ecosystem


Windfall Tax in Energy Sector


Context

  • Finance Minister defended the Centre’s windfall tax on domestic crude oil producers.
  • She proposed the windfall tax as a way to rein in the enormous profits made by some oil refiners.
    • These refiners chose to export fuel in order to capitalise on rising global prices while affecting domestic supplies.

Relevance

GS Paper 3: Resource Mobilization

Mains Question

What do you understand by ‘Windfall Tax’? Why has the Union government introduced such a tax recently? Examine its significance for resource mobilization for the country. (150 Words)

Click Here To Read More: Windfall Tax in Energy Sector


 

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