Editorials/Opinions Analysis For UPSC 17 October 2022
- What prompted the United Kingdom’s economic crisis?
- India’s under-utilized coal mines
British Prime Minister Liz Truss recently fired Chancellor of the Exchequer Kwasi Kwarteng and scrapped parts of their economic package. The economic package was announced to combat rising inflation and calm market turbulence.
GS Paper 2: Effect of Policies and Politics of Developed and Developing Countries
What is the current UK economic crisis? How the raising inflation led to the current situation? Elucidate. (150 Words)
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According to Global Energy Monitor (GEM), a company that tracks global fuel-source utilisation, India’s coal mines use only two-thirds of their capacity on average, with some large mines using only 1%. This means that 99 of India’s coal mine projects, which are expected to produce 427 MTPA (million tonnes per annum), are superfluous. This also implies that new coal mines would be ineffective in addressing short-term supply constraints.
GS Paper 3: Infrastructure: Energy, Ports, Roads, Airports, Railways Etc.
Despite being a member of Gondwanaland, India’s mining industry contributes significantly less to its Gross Domestic Product (GDP). Discuss. (150 words)
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