GS Paper 3

Contemporary issues between India and Pakistan

You cannot defeat an enemy whom you cannot define. If Pakistan is sponsoring terrorism against India, then Pakistan is an enemy state. Realpolitik says we should accept it without any mincing of words. Apparently, India has failed to realise this earlier but it has slowly started to make peace with this reality. India has been …

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Debate: 'No-first use' nuclear doctrine

India’s ‘No first use’ nuclear doctrine was recently questioned by the Defence Minister when he said that India should state that “it is a responsible nuclear power and would not use it irresponsibly, instead of declaring an NFU doctrine”. Such statement from the Defence Minister on the eve of India-Japan Civil Nuclear Deal drew sharp …

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Addressing the key criticisms of the ‘demonetisation drive’

Let us take the five key criticisms of demonetisation – Flow vs stock, price of real estate and money, SME impact, lower consumption and inconvenience – are more than negated by the long term effects of formalisation. Let’s look at each criticism in diminishing order of importance in more detail: Flow vs stock: • Analysts …

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Kick-starting modernisation drive for the farm sector

The unfortunate state of agriculture sector The economic reforms since 1991 have either bypassed the farm sector or touched only its fringes, thus, refraining this sector from growing to its full potential. NITI Aayog has accepted the sour fact that the prosperous agricultural growth and spurt in farmers’ incomes are not feasible without radical farm …

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Nuclear Deal | Indian – Japan

A historic ‘Civil Nuclear Deal’ with Japan was signed during Prime Minister Narendra Modi’s visit to Japan, which was in limbo from the last one decade. Apart from the advanced technology and material assistance, India has a lot to gain from this landmark agreement. Nuclear Deal | Benefits The deal is critical to India’s renewable …

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GST – Discourse towards effectiveness (Part 1)

GST – Idea of uniform indirect tax rates Following the footsteps of Nobel laureate ‘James Mirrlees’, various economists broadly agree that indirect taxes should be uniform as is the nature of GST and the distributional concerns left to direct taxes and benefits transfers. Materializing the 101st Constitutional Amendment Section 19 of the Constitution (101st Amendment) …

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Demonetisation of Indian Currency

Demonetisation of the Indian currency was a surgical strike against black economy, which was initiated with the Prime Minister Narendra Modi’s announcement that RBI was cancelling the legal tender of high denomination currency notes of Rs 500 and Rs 1,000. An expected hullaballoo followed the announcement with people getting restless about the second demonetization drive …

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