GPSC GUIDANCE

Editorials
1) Inflation's uneven toll
:While inflation is good if it's demand driven as it helps in demand creation & job creation but current inflation is supply side ( War led supply chain disruption, suboptimal agriculture output due to climate change )
Hence RBI's monetary measures will be counterproductive as low liquidity will impact demand and investment
Need is of fiscal measures to reduce inflation and boost demand ( tax cut on fuel, subsidy on essential food items )

2) Good and Bad freebies
: Populism is the policy of appeasing masses by giving freebies often at the cost of fiscal prudence
: Freebies are good when given in essential & merit goods like health , education, food as it helps the overall community and has positive externality like productive workforce, Demographic dividend

But it's bad when given in power sector, transport where negative externalities like excessive consumption, misuse of freebies happen

3)The Job push:
Employment in manufacturing is needed to absorb 1.2 crore entering workforce every year.
As service sector absorbs skill intensive workforce
Gig economy absorbs semi skilled and limited workforce.

4)Drawing closer
:Better connectivity between Srilanka-India is very necessary
The proposed project to link Jaffna with Trichy by air and Jaffna to Karaikal by water will
-Reduce travel time and boost tourism
-Integrate region and boost trade

5) Playing with Agni ( mostly criticism is given by author )
Current crisis of limited fiscal space to defence is due to populist policy of OROP
-Agnipath is not reforming scheme but employment scheme
-Debate of technology vs troops is relevant only when less troops are very well trained ( not possible in 6 months )
-Post 4 years, prospects militarised youth?
- Too much politics in defence is not good ie CDS post is created but still vacant since 6 months.

www.tgoop.com/ravijoshigpsc/373

5.7K viewsedited  Jun 16, 2022 at 07:50

Editorials
1) Inflation's uneven toll
:While inflation is good if it's demand driven as it helps in demand creation & job creation but current inflation is supply side ( War led supply chain disruption, suboptimal agriculture output due to climate change )
Hence RBI's monetary measures will be counterproductive as low liquidity will impact demand and investment
Need is of fiscal measures to reduce inflation and boost demand ( tax cut on fuel, subsidy on essential food items )

2) Good and Bad freebies
: Populism is the policy of appeasing masses by giving freebies often at the cost of fiscal prudence
: Freebies are good when given in essential & merit goods like health , education, food as it helps the overall community and has positive externality like productive workforce, Demographic dividend

But it's bad when given in power sector, transport where negative externalities like excessive consumption, misuse of freebies happen

3)The Job push:
Employment in manufacturing is needed to absorb 1.2 crore entering workforce every year.
As service sector absorbs skill intensive workforce
Gig economy absorbs semi skilled and limited workforce.

4)Drawing closer
:Better connectivity between Srilanka-India is very necessary
The proposed project to link Jaffna with Trichy by air and Jaffna to Karaikal by water will
-Reduce travel time and boost tourism
-Integrate region and boost trade

5) Playing with Agni ( mostly criticism is given by author )
Current crisis of limited fiscal space to defence is due to populist policy of OROP
-Agnipath is not reforming scheme but employment scheme
-Debate of technology vs troops is relevant only when less troops are very well trained ( not possible in 6 months )
-Post 4 years, prospects militarised youth?
- Too much politics in defence is not good ie CDS post is created but still vacant since 6 months.

BY GPSC GUIDANCE