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INDIAN ECONOMY AND ISSUES RELATING TO MOBILIZATION OF RESOURCES
Contents
1. Introduction
2. Sources of Financial Resources of Government
3. Transfer of Resources from Center to States
Recent Changes Impacting Transfer of Resources
4. Issues in Mobilization of Resources
♤ Widespread income tax evasion as evident by the fact that only 1.7% of the population paid income tax in 2015.-16.
5. Steps taken by the Government
5.1. Suggestions to Improve Mobilization of Resources
6. Panchayat’s Finance
6.1. Suggestions to Increase Revenue of Panchayats
7. Urban Local Bodies’ Finances
7.1. Suggestions to Increase Revenue of Urban Local Bodies
8. Previous Years GS Mains Questions
1. Explain the role played by banks for mobilization of resources in India. Approach:
Answer:
2. In recent years, savings rate in the Indian economy has witnessed a consistent decline. What are the factors responsible for this trend? How has the composition of savings changed in the last few years? Suggest measures to improve and better channelize household savings.
Answer:
3. What do you understand by Green Finance? Explain its importance and discuss the issues related to use of Green Finance in the context of India.
Answer:
4. As the recently released data shows, a narrow tax base remains a major concern in India. What are the possible reasons for such a scenario? In this context, also examine the government efforts to address the issue.
Answer:
Reasons:
9. Previous Years UPSC Mains Questions
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