UPSC ONLINE ACADEMY

Raashid Shah

Economic Reforms in India

Economic Reforms in India    The Indian Government has introduced many Economic Reforms in India since 1991. In 1990-91 India had to face grave economic problem. India was facing serious deficiency in her foreign trade balance and it was increasing. Since 1987-88 till 1990-91 it was increasing in such a rapid scale that by the end of 1990-91 the amount of this deficit balance became 10,644 crores of rupees.At the same time the foreign exchange stock was also decreasing. In 1990 and 1991 the government of India had to take huge amount of loan from the IMF as compensatory financial facility. Even by mortgaging 46 tons of gold it had taken short term foreign loan from the Bank of England.At the same time, India was also suffering from inflation, the rate of which was 12% by 1991. The reasons of that inflation were the increase in the procurement price of the agricultural products for distribution, the increase in the amount of monetized deficit in the budget, increase of import cost and decrease in the rate of currency exchange and Administered price like. Thus she was facing trade deficit as well as Fiscal Deficit.To get relief from such a grave problem the government of India had only two ways before it1. to take foreign debt and to create favorable conditions within the country for increasing the flow of foreign exchange and also to increase the volume of export.2. The other was to establish fiscal discipline within the country and to make structural adjustment for the purpose.Hence the government of India had to introduce a package of reforms which include-1. to liberalize the industrial policy of the government and to invite foreign investment by privatization of industries and abolishing the license system as a part of that liberalization.2. To make the import-export policy of the country more liberal and so that the export of Indian goods may become more easy and the necessary raw materials and instruments for both industrial development and production of exportable commodities may be imported and also to facilitate free trade by reducing the import duty.3. to decrease the value of money in terms of dollar4. To take huge amount of foreign debt from the IMF and the world Bank for rejuvenating the economic condition of the country and to introduce the structural adjustment in the economic condition of the country as a pre-condition of that debt,5. to reform the banking system and the tax structure of the country and6. to establish market economy by withdrawing and restricting government interference on investment.The main objectives of the new fiscal policy are, however, to establish economic structural adjustment at the first stage and then to establish market economy by removing all controls and restrictions on it. There are two phases in the structural adjustment phase, the stabilization phase where all government expenditures are reduced and the banks are restricted on creating debt. The second phase is the structural adjustment phase where the production of exportable good and the alternative of import goods are increased and at the same time reducing governmental interference in industry, the management skill and productive capacity of the industries are increased through privatization.Thus the new fiscal policy has introduced three significant things Deregulation, Privatization and Exit Policy. Excepting 15 important industries all other industries have been made free from license system. To encourage foreign investment its highest limit has been increased up to 51%. 38 industries have been made open for foreign investment like the Metal industry, Food Processing industry, Hotel and tourism industry etc. Exit Policy has been introduced in the industries which are running at a loss with surplus staff and the sick industries are scheduled to be closed.Thus the new economic policy is taking India towards liberal economy or market economy. It has relieved India much of her hardship that she faced in 1990-91.    

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Economic Development in India

Economic Development in India    An economist and an administrator will took upon these changes as an indication of increasing social welfare. But a layman has his own way of judging the economic development. He is primarily concerned with the betterment of his own lot. A Government exists for individuals; it exists and functions for the good of the common man.The economists simply guide the government to enable it to serve the interest of the common man. But where is the common man today? The answer is clear; the common man, today, is neither materially better off nor mentally, as well as, psychologically happier than what he was under the alien rule in the country.Along with the huge economic development, prices of all consumer-goods are soaring dreadfully and there are many classes of people whose incomes have relatively fallen. Food, the primary necessity of life, is becoming dearer and dearer. The agriculturist seems to benefit there form; but in the long run he, too, must suffer, sharing with his brethren the common miseries of life.Apart from the miseries of common individual, as a nation, too, we are most discontented. As a nation, we are steeped in debt. Of course it is necessary for a growing country to borrow money; the international situation is such that foreign powers willingly lend us money. From, where has money to come for the repayment of all our debt? We are hoping for a greatly increased productivity of our economy. But it must be noted that it is the debt.The common man has to put his hands in his pocket to supply the money for the redemption of the mounting foreign loans. But it is the common man whose interest is neglected today.Our Government is proud of the great industrial plants which have started functioning under the Plans, and more are to be established under the new Plan. For example, we have mighty steel and power plants in various parts of the country. But the failure to move requisite quantities of coal to the plants has been adversely commented upon.Agriculture is the backbone of Indian Economic Development. Regarding agriculture, it is clear fact that there has been much more to do. Of course, with the abolition of zamindari system, peasants have heaved a sigh of relief. But due to inadequate management and slackened control over the ownership of ‘seer’ Land by the ex-zamindars, especially in Uttar Pradesh., Bihar and Madhya Pradesh, the relief which peasants expected, has not been offered to.There is lack of the latest scientific tools for cultivation work. Further, The village dwellers are streaming into urban areas, being attracted by a false notion that the industries would absorb them. But in reality migration tends to intensify the complexity of our unemployment problem.To sum up, the economic situation in the country since the independence has been that the rich have become richer whereas the poor have become poorer. The laborers and common men have not yet been able to spare themselves from their economic wants of life.    

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23.PAYMENT BANKS

Payment banks   Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. Airtel has launched India’s first live payments bank. Paytm is the second such service to be launched in the country. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm. Aditya Birla group earned payments bank permit on 3 March 2017. The minimum capital requirement is ₹100 crore. For the first five years, the stake of the promoter should remain at least 40%. Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India. The voting rights will be regulated by the Banking Regulation Act, 1949. The majority of the bank’s board of directors should consist of independent directors, appointed according to RBI guidelines The bank should be fully networked from the beginning. The bank can accept utility bills. It cannot form subsidiaries to undertake non-banking activities. The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949, and will be registered as public limited company under the Companies Act, 2013 The “in-principle” license is valid for 18 months within which the entities must fulfil the requirements. They are not allowed to engage in banking activities within the period.    

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24.Global Innovation Index

Global Innovation Index    Global Innovation Index : The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions, and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.    

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LIGHT EMITTING DIODES

Advantages of using LEDs > LEDs produce more light per watt than do incandescent bulbs; this is useful in battery powered or energy saving devices.> LEDs can emit light of an intended color without the use of color filters that traditional lighting methods require. This is more efficient and can lower initial costs.> The solid package of the LED can be designed to focus its light. Incandescent and fluorescent sources often require an external reflector to collect light and direct it in a usable manner.> When used in applications where dimming is required, LEDs do not change their color tint as the current passing through them is lowered, unlike incandescent lamps, which turn yellow.> LEDs are ideal for use in applications that are subject to frequent on- off cycling, unlike fluorescent lamps that burn out more quickly when cycled frequently, or HID lamps that require a long time before restarting.> LEDs, being solid state components, are difficult to damage with external shock. Fluorescent and incandescent bulbs are easily broken if subjected to external shock.> LEDs can have a relatively long useful life. Reports estimates 60,000 hours of useful life, though time to complete failure longer.2 Fluorescent tubes typically are rated at about 30,000 hours, HID and MH are rated anywhere between 10,000 and 24,000 hours and incandescent light bulbs at 1,000–2,000 hours.> LEDs mostly fail by dimming over time, rather than the abrupt burn-out of incandescent or HID bulbs.3 This provides extra safety for any area illuminated by LEDs. Even if the LEDs dim over time, they never fail completely like HID sources before needing to be replaced. LEDs need to be replaced only after they reach 30% lumen depreciation (17-20 years for quality LEDs).> LEDs light up very quickly. A typical red indicator LED will achieve full brightness in microseconds; Philips Lumileds technical datasheet DS23 for the Luxeon Star states “less than 100ns.” LEDs used in communications devices can have even faster response times.> LEDs can be very small and are easily populated onto printed circuit boards.> LEDs do not contain mercury, unlike compact fluorescent lamps.Disadvantages of using LEDs > On an initial capital cost basis, LEDs are currently more expensive, measured in price per lumen, than more conventional lighting technologies. The additional expense partially stems from the relatively low lumen output, combined with the cost of the drive circuitry and power supplies needed. However, when considering the total cost of ownership (including energy and maintenance costs), LEDs far surpass other sources. In December 2007, scientists at Glasgow University claimed to have found a way to make Light Emitting Diodes brighter and use less power than energy efficient light bulbs currently on the market by imprinting holes into billions of LEDs in a new and cost effective method using a process known as nanoimprint lithography.4 Around the same time, in Montreal Canada, Lumec inc. developed an LED light engine that consumes 20% to 30% less energy than HPS (high pressure sodium) and 40% to 50% less than MH (metal halide) while delivering comparable photometric performance, if not better, than HID lights.> LED performance largely depends on the ambient temperature of the operating environment. Driving the LED hard in high ambient temperatures may result in overheating of the LED package, eventually leading to device failure. Adequate heat-sinking is required to maintain long life. This is especially important when considering automotive, outdoor, medical, and military applications where the device must operate over a large range of temperatures, and is required to have a low failure rate. The most heat resistant LEDs available commercially, such as those used by Lumec inc. In their light engine, the LifeLEDTMcan function at optimal efficiency from -40°C to +50°C(-40°F to 122°F)    

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WATER POLLUTANTS

Organic water pollutants include   • Detergents • Disinfection by-products found in chemically disinfected drinking water, such as chloroform • Food processing waste, which can include oxygen-demanding substances, fats and grease • Insecticides and herbicides, a huge range of organohalides and other chemical compounds • Petroleum hydrocarbons, including fuels (gasoline, diesel fuel, jet fuels, and fuel oil) and lubricants (motor oil), and fuel combustionbyproducts, from stormwater runoff • Tree and bush debris from logging operations • Volatile organic compounds (VOCs), such as industrial solvents, from improper storage. • Chlorinated solvents, which are dense non-aqueous phase liquids may fall to the bottom of reservoirs, since they don’t mix well with water and are denser. • Polychlorinated biphenyl (PCBs) • Trichloroethylene • Perchlorate • Various chemical compounds found in personal hygiene and cosmetic products • Drug pollution involving pharmaceutical drugs and their metabolites Inorganic water pollutants include: • Acidity caused by industrial discharges (especially sulfur dioxide from power plants) • Ammonia from food processing waste • Chemical waste as industrial by-products • Fertilizers containing nutrients–nitrates and phosphates—which are found in stormwater runoff from agriculture, as well as commercial and residential use • Heavy metals from motor vehicles (via urban stormwater runoff) and acid mine drainage Silt (sediment) in runoff from construction sites, logging, slash and burn practices or land clearing sites. Macroscopic pollution—large visible items polluting the water—may be termed “floatables” in an urban stormwater context, or marine debris when found on the open seas, and can include such items as: • Trash or garbage (e.g. paper, plastic, or food waste) discarded by people on the ground, along with accidental or intentional dumping of rubbish, that are washed by rainfall into storm drains and eventually discharged into surface waters • Nurdles, small ubiquitous waterborne plastic pellets • Shipwrecks, large derelict ships.    

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MULTI-DRUG RESISTANT TUBERCULOSIS

  Multi-drug-resistant tuberculosis (MDR-TB) is defined as tuberculosis that is resistant to at least isoniazid (INH) and rifampicin(RMP), the two most powerful first-line treatment anti-TB drugs. Isolates that are multiply resistant to any other combination of anti-TB drugs but not to INH and RMP are not classed as MDR-TB.MDR-TB develops in otherwise treatable TB when the course of antibiotics is interrupted and the levels of drug in the body are insufficient to kill 100% of bacteria. This can happen for a number of reasons: Patients may feel better and halt their antibiotic course, drug supplies may run out or become scarce, patients may forget to take their medication from time to time or patients do not receive effective therapy. Most tuberculosis therapy consists of short-course chemotherapy which is only curing a small percentage of patients with multi-drug resistant tuberculosis. Delays in second line drugs make multi-drug resistant tuberculosis more difficult to treat. MDR-TB is spread from person to person as readily as drug-sensitive TB and in the same manner.. Even with the patent off second line antituberculosis medication the price is still high and therefore a big problem for patients living in poor countries to be treated. With patients not treated, the spread of Tuberculosis would be problematic in poor countries. In order to fully cure infectious diseases, such as Tuberculosis, we need a plan to ensure equal access to health care.    

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ENDOSULFAN

ENDOSULFAN Endosulfan is an off-patent organochlorine insecticide and acaricide that is being phased out globally. The two isomers, endo and exo, are known popularly as I and II. Endosulfan sulfate is a product of oxidation containing one extra O atom attached to the S atom. Endosulfan became a highly controversial agrichemical due to its acute toxicity, potential for bioaccumulation, and role as anendocrine disruptor. Because of its threats to human health and the environment, a global ban on the manufacture and use of endosulfan was negotiated under the Stockholm Convention in April 2011. The ban will take effect in mid-2012, with certain uses exempted for five additional years. More than 80 countries, including the European Union, Australia, New Zealand, several West African nations, the United States. Brazil, and Canada had already banned it or announced phase-outs by the time the Stockholm Convention ban was agreed upon. It is still used extensively in India, China, and few other countries. It is produced byMakhteshim Agan and several manufacturers in India and China.    

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Blu-ray Disc

  Blu-ray Disc (BD) is a digital optical disc data storage format designed to supersede the DVD format, in that it is capable of storing high- definition video resolution (1080p). The plastic disc is 120 mm in diameter and 1.2 mm thick, the same size as DVDs and CDs. Conventional (pre-BD-XL) Blu-ray Discs contain 25 GB per layer, with dual layer discs (50 GB) being the industry standard for feature-length video discs. Triple layer discs (100 GB) and quadruple layers (128 GB) are available for BD-XL re-writer drives. The name Blu-ray Disc refers to the blue laser used to read the disc, which allows information to be stored at a greater density than is possible with the longer-wavelength red laser used for DVDs. The major application of Blu-ray Discs is as a medium for video material such as feature films and physical distribution of video games for the PlayStation 3, PlayStation 4 and Xbox One. Besides the hardware specifications, Blu-ray Disc is associated with a set of multimedia formats. These formats allow for the option of video and audio to be stored with greater definition than on DVD.    

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Nuclear Hazards and Safety Issues

  Nuclear Hazards and Safety Issues   Recently there has been much apprehension about the dangers inherent in nuclear plants—fears of radiation hazard, waste disposal, disastrous accidents. While some of the hazards are real, nuclear scientists point out that many of them are not based on scientific facts and unbiased observation. Radiation Hazard: There is no doubt that radiation causes damage to living cells—but this depends on the intensity of radiation and the time of exposure. When an atom of a complex organic cell is exposed to radiation, ionization takes place and molecules disintegrate, adversely affecting the biological system, sometimes even destroying the cell.While high doses are fatal, low doses may have cumulative effect and cause cancers, especially of the skin, and leukemia. It may affect lymphatic tissues, the nervous system, and the reproductive organs. However, die adverse effects take place after considerably high and constant doses of radiation.The release of radioactivity into air and water from reactors does take place, but it is kept well within the limits prescribed by the AERB. The earth is being constantly bombarded by cosmic ray nuclear particles (65 per cent of natural radiation experienced by a human being is due to this).Background radiation from terrestrial and extra-terrestrial sources is much higher than radiation from nuclear plants. In the circumstances, the radiation exposures from nuclear plants is of a negligible quantity. The fear of radiation arises because most people are unwilling to believe in any “safe level” for radiation exposure.Hazard from Nuclear Waste:Another aspect of nuclear hazard is waste management. The general technique of dealing with radioactive wastes is to concentrate and contain as much radioactivity as possible, and discharge to the environment only effluent of as low a concentration level as is possible.At inland sites like Narora and Rawatbhatta, low level liquid wastes are discharged into the environment at a minimum level. At coastal sites such as Tarapur and Chennai significant dilution in the sea is possible. For solid wastes, different types of containments are used and located at sites selected on the basis of geological and geohydrological evaluation.The fissioning of U-235 produces many radioactive isotopes, such as strontium 90, caesium 137, and barium 140. These wastes remain radioactive and dangerous for about 600 years because of the strontium and caesium isotopes. If these get into food or water supplies, they can be taken into people’s bodies where they can cause harm.The body is unable to distinguish between radioactive strontium and calcium, for instance. The plutonium and other artificially created elements in the wastes remain radioactive for thousands of years. Even in small amounts, plutonium can cause cancer or genetic (reproductive) damage in humans.Larger amounts can cause radiation sickness and death. Safe disposal of these wastes is one of the problems involved in nuclear power production. The wastes are carefully managed by incorporating them in inert solid matrices and placing them in canisters which are kept under cooling till the radioactivity comes to desired level. Finally, the canisters are stored in suitable geological media. However, the problem is not entirely resolved. Effects of a Nuclear Explosion: The effects that a nuclear explosion has on people, buildings, and the environment can vary greatly, depending on a number of factors. These factors include weather, terrain, the point of explosion in relation to the earth’s surface, and the weapon’s yield.The weapon’s explosion would produce four basic effects: (i) Blast Wave: The explosion begins with the formation of a fireball, which consists of a cloud of dust and of extremely hot gases under very high pressure. A fraction of a second after the explosion, the gases begin to expand and form a blast wave, also called a shock wave.The blast wave and wind probably would kill the majority of people within 5 kilometers of ground zero and some of the people between 5 and 10 kilometers from ground zero. Many other people within 10 kilometers of groupd zero would be injured. (ii) Thermal radiation: This consists of ultraviolet, visible, and infra¬red radiation given off by the fireball. The ultraviolet radiation is rapidly absorbed by particles in the air, and so it does little harm. However, the visible and infrared radiation can cause eye injuries as well as skin burns called flash burns.Between 20 and 30 per cent of the deaths of Hiroshima and Nagasaki resulted from flash burns. Thermal radiation also can ignite such highly flammable materials as newspapers and dry leaves. The burning of these materials can lead to large fires. (iii) Initial nuclear radiation: This is given off within the first minute after the explosion. It consists of neutrons and gamma rays. The neutrons and some of the gamma rays are emitted from the fireball almost instantaneously. The rest of the gamma rays are given off by a huge mushroom-shaped cloud of radioactive material that is formed by the explosion. Nuclear radiation can cause the swelling and destruction of human cells and prevent normal cell replacement.Large doses of radiation can cause death. The amount of harm a person would suffer from initial nuclear radiation depends in part on the person’s location in relation to ground zero. Initial radiation decreases rapidly in strength as it moves away from ground zero. (iv) Residual Nuclear Radiation: This comes later than one minute after the explosion. Residual radiation created by fission consists of gamma rays and beta particles. Residual radiation produced by fusion is made up primarily of neutrons. It strikes particles of rock, soil, water, and other materials that make up the mushroom-shaped cloud. As a result, these particles become radioactive. When the particles fall back to earth, they are known as fallout. The closer an explosion occurs to the earth’s surface, the more fallout it produces.Early fallout consists of heavier particles that reach the ground during the first 24 hours after the explosion. These particles fall mostly downwind from ground zero. Early fallout is highly radioactive and will kill or severely damage living things.Delayed fallout reaches the ground from 24 hours to a number of years

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