YOUTH'S-UPSC

 The pandemic has exposed the fragile health ecosystem in India. Health occupies public consciousness and it force us to rethink and re-strategies health ecosystem in country which has been neglected in both public discourse and government expenditure. The parliamentary panel on Home Affairs on Management of COVID-19 on its report made detailed assessment at four aspect:- a)Country's preparedness b)Augmentation of public infrastructure c) social impact d) economic impact 1) Country's preparedness- a)Committee noted that migrant labour, daily wage earner were the worst affected as there were not proper dissemination of information about arrangement being made for their shelter and food in the district which lead to chaos and anxiety and  their large scale movement. b) Committee recommended that a national plan and guideline under NDMA ACT,2005 and Epidemic Disease Act,1897 and separated wing under NDMA to specialise in pandemic related issue in future c) Committee also noted th

In a meeting of Finance Ministry with FICCI for the preparation of Budget. FICCI recommended few measures to follow: Budget should focus on  growth alongside look at fiscal management for three years. Centre expenditure should be prioritise in three area- Health, Infrastructure and Sustainability. Government health expenditure to increase to 3% in three year period. Budget should address critical area of private investment and providing support for employment generation(Sustainability). India need strong financial sector to achieve the vision of $5Tn Economy. For this government need to bringdown its stake on PSB to below 50% through market route except for 3 to 4 large PSB such as SBI, BOB, BOI etc. There is need to form government owned Development Finance Institution to finance key sector of economy. DFIs can be established on line with KFW Germany, Brazil Development Bank and this could be achieved by financing NABARD for financing agriculture and rural sector and SIDBI for financi

 You may wonder what is the utility of his recommendation in UPSC. However if You seriously went through toppers copy and previous year question paper, you may find it useful. It can be used in giving recommendation in essay related to centre-state and GS-2 paper. Besides it also provide us with insight about the and new perspective to see this issue. Having said that what are his recommendation? R ationalisation of central sponsored scheme( currently there are around 211 scheme and sub-scheme under 29 core umbrella scheme costing around 1.2% of GDP). A high powered committee need to be established to have a relook on schedule 7 of the constitution. The committee need to take into account change in technology, global interdependence and national priorities. The fiscal deficit target need to be set based on Expenditure outcome rather than point based target. States keen to have different kind of consultative forum beyond NITI AYOG and NDC. Hence we need to give serious consideration fo

 Internal Working Group(IWG) of RBI in a report recommended large corporate and Industrial house allowed ownership of private bank. IWG has been constituted by RBI to review ownership guideline and corporate structure for Indian private Bank. What are the prospect of allowing Corporate in Banking sector? Indian Banking sector is struggling to meet the credit demand of growing Economy. for eg-       a) The total balance sheet of banks in India is less than 70% of GDP even after three decades of rapid growth in India which is much less than other countries like China where it is 150%.            b)The domestic Bank credit to private sector is around 50% of GDP which is much less than other countries like USA, CHINA, S.KOREA where it is more than 150% of GDP. Indian banks are less cost efficient as compared to global peers because of high NPA and interest rate in the economy. Covid19 has already cut government hand in providing capital to public sector bank. Hence corporate with big resou