Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic Reforms (UBI/ Supplemental Income (What is the level of Min…
Economic Reforms
UBI/ Supplemental Income
-
-
-
-
Actions which can be taken -Phase out -MNREGA & Fertilizer subsidy, Inclusion & Exclusion Error, Poverty Line, Higher Income group - Give up SI/ subsidies,
Challenges - Food related subsidies cant be phased out, withdrawal from other channels of public service delivery, Unconditional cash transfers may raise wages due to reduction in supply of causal labour, co-ordination bet CG &SG, Not feasible.
Alternative - Broad-based economic reforms in job creation, human capital investments, entrepreneurship for the poor and Specific reforms to allow the poor to gain better education and health.
IBC
problems
-
-
-
-
Stressed sectors
power, telecom, steel, textiles and aviation
What is it?
-
DRT & NCLT - adjudicating authority for unlimited liability co., and limited liability co.,
-
-
It is the bankruptcy law of India which seeks to combine the existing framework by creating a single law for I&B
-
-
-
Bankruptcy is a legal status usually imposed by a Court, on a firm or individual unable to meet debt obligations.
-
solutions
-
-
-
-
4Rs - Recognition, Recapitalization, Resolution, and Reform.
-
-
-
greater alignment in interest of banks, promoters and buyers of stressed assets
-
Demonitization
Objectives - Curb Corruption, Prevent counterfeiting of high denomination notes used for terrorist activities, curb accumulation of black money generated by income but not declared to tax officials
Issues - Aimed to achieve many obj. violating basic eco principles, Lot of controversies