Samsung officially names third-generation heir Lee chairman: https://www.thehindubusinessline.com/companies/samsung-officially-names-third-generation-heir-lee-chairman/article66059778.ece

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✺ Ꭻᴏɪɴ 🔥 ⃝➥ @TargetDescriptive

🫥ESSAY



✅Feebies:- is it just a promising gift in the run-up to the polls, or a genuine welfare approach ??

✅Self Written:-(@TargetDescriptive)



✅Freebies have their own meaning and are something given for free ,but in recent days it has become the most debatable topic .

The debate over freebies has been going on since PM Narendra Modi called out to young people not to get carried away by this "Revari Culture". Freebies and Revari culture both have the same meaning in terms of ongoing political debate .

Welfarism as a political philosophy has long roots in India .Our political economy is riven with such schemes – whether one calls them freebies, loans, waivers or simply DBT , whether it is  provided by state govt or Central government.

✅In a federal structure ,the relationship between Central and State is inevitable. In such issues , both the Govt has equal responsiblity to discuss the issue as per to the best Favor to our Country's Economic Balances. The Supreme Court heard a PIL against “irrational freebies” and asked the Centre to take a stand on this “serious issue” recently.

✅The Supreme Court has stayed its hand and referred the issue to a 3-judge Bench. If we look  back to 2013 , SC itself gave a crucial judgement. It said that making promises in a manifesto would not amount to a corrupt practice,now as Court indicated that judgement would be relooked and sent it to deeper consideration .

The concern is that most parties oppose any fetters on their right to appeal to voters through means of their choice and, if elected, use their mandate to distribute finances and resources as they deem fit, subject to law and legislative approval.

✅There are many pros and cons to freebies. On one hand, the Govt shows commitment to fulfilling it's promises through a mass welfare scheme .

Free food offered under the Mid-day meal scheme cannot be considered as freebies. It helps improve the health of our children.The impact was immediate, with student attendance going up twofold on days when the mid-day meal scheme was in place. Any scheme that offers significantly positive social externality (compared to other initiatives) should not be considered as a freebie,

✅The cost of such Frivolus freebies is just a deep burden on state revenue and this is why many state governments suffer with lack of funding for other welfare work. In some cases, many states will find recently announced freebies difficult to fund.

✅Way ahead:-

1.we need to have a conversation within and between political parties

2.Most importantly, the term "Freebies " should be defined , so that the Govt should easily differentiate between Freebies and  Welfare Sops?

3.Central electoral Agencies ,like the Election Commission of India should come up with effective Guidelines for political parties or independent  candidates.

4.There should be some changes on the Policy Framing level too. Every scheme or so-called freebies that have advantages must be evaluated against the large fiscal costs and inefficiencies they cause by distorting prices.

✺ Ꭻᴏɪɴ 🔥 ⃝➥ @TargetDESCRIPTIVE

#BLEditorial | RBI report on inflation should be in public domain

https://www.thehindubusinessline.com/opinion/editorial/letter-and-spirit/article66065216.ece

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The Hindu - Opinion
At COP27, move the needle on climate action

The climate summit, in Egypt, should focus on the economic benefits of decarbonisation; India should stop being a hesitant climate actor

🫥SBI PREVIOUS YEAR ESSAY 

🔺Pros & cons of Inflation

✅Self Written :- [@TargetDescriptive]



✅Inflation is an Economic term that refers to rise in the prices of most goods and services of day to day uses.

Inflation rate is primarily measured  by two main indices ,i.e on is Consumer price Index and WPI ,Wholesale price Index.
There are many factors of Inflationary boom in our country and Various stakeholders Including governmental Policies are responsible to Control it.

✅Central govt agency is in charge of adopting measures tp ensure smooth running of the Economy.Time to time RBI monetary policy committee Control money inflows in the market ,Central govt has fixed threshold level upper tolerance upto 6% and lower tolerance limit upto 2% .


✅Pros:-

1.A certain level of Inflation required to ensure that expenditure is promoted and agglomerating money is demotivated.

2.Moderate inflation is a sign of healthy economy ,As Market becomes more competitive ,Money continuously inflows throughout the period.

3.Inflation allows prices to adjust and to attain their real price.

4.Inflation could lead to economic Growth ,as it can be a sign of overall economic growth .
5.Having Stability,Firms can predict future  cost and prices propositions. 

✅Cons:-

1.It can weaken the value Of currency,higher the demand will be , more the money will be spend by the Consumer.
Due to this Purchasing power of currency decreases.

2.It also impacts cost of living or surviving within country ,when inflation is high,the cost of living gets higher as well.

3.Inequality,Inflation can predominantly affects low income Class.

4.Increase in money supply leads to Fluctuation in Exchange rate .

5.Inflation will reduce the real value of government bonds· Investors will demand higher bond yields to compensate; this will increase the cost of debt.


✅Conclusion:-
Controlling inflation has been a priority area for central govt ,every year Govt takes number of  steps   to curb inflation under its threshold limit ±2% of basis  rate. In recent years due to global unstability the inflation was on its peak .

✺ Ꭻᴏɪɴ 🔥 ⃝➥ @TargetDESCRIPTIVE