DMPQ- Explain how the legacy of national movement affected the modern foundation of republic of India.

. India derived its political and economic structure largely from colonial rule, but values and ideals were distinctively derived from national movement and they still serve as political and ethical benchmarks for vast population. Indian national movement was an inclusive one accommodating wide ideological viewpoints. It was largely non-violent and included not only the elite … Read more

DMPQ- Explain the concept of capital account convertibility. Compare the advantages and disadvantages of full capital account convertibility.

. Capital Account Convertibility is a feature of a nation’s financial  regime that centers on the ability to conduct transactions of local financial assets (money, stocks, bonds,  real estate, FDI, FII, account receivable, inventory etc) into foreign financial assets freely and at market  determined exchange rates. In layman’s terms, full capital account convertibility allows local … Read more

DMPQ- Discuss the challenges India faced in it’s early years after independence and also mention the strategies opted to face them.

India inherited enormous challenges like poverty, deprivation, inequality, illiteracy, underdevelopment, communalism and so on at the time of independence however, the optimist was also no lesser. Jawahar Lal Nehru’s famous speech ‘Tryst with Destiny’ on the eve of Independence reflected it. One big advantage India had was a consensus on the goals which was a … Read more

DMPQ- Write a short note on followings: (A) National investment fund (B) Non-tariff trade barriers (C)Participatory notes or P-notes

(A)National investment fund The cabinet Committee on Economic Affairs (CCEA) on 27th January,  2005 had approved the constitution of a National Investment Fund (NIF). The Purpose of the fund was to  receive disinvestment proceeds of central public sector enterprises and to invest the same to generate  earnings without depleting the corpus. The earnings of the … Read more

DMPQ- Explain why India introduced GAAR (General anti avoidance rules). Also mention the recommendations given by Parthasarathi Shome committee for GAAR.

Tax Avoidance is an area of concern across the world.  The rules are framed in different  countries to minimize such avoidance of tax.  Such rules in simple terms are known as ‘General Anti  Avoidance Rules’ or GAAR. Thus, GAAR is a set of general rules enacted so as to check the tax avoidance.  It empowers … Read more

DMPQ- Trace the evolution of Constitutionalisation of Panchayati raj institutions.

.  In 1986, Rajiv Gandhi government appointed a committee on ‘Revitalization of Panchayati Raj Institutions for Democracy and Development’ under the chairmanship of L M Singhvi. It made the following recommendations that the Panchayati Raj institutions should be constitutionally recognized, protected and preserved. For this purpose, a new chapter should be added in the Constitution … Read more