04 June, 2020

  • India - china (International Relations)
  • Power Subsidy in Agriculture (Economy)
  • G11 grouping (International Relations)
  • Agri-Marketing reforms approved by cabinet
  • Question for the day (International Relations)

Prelims Quiz

    Solution.

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    Description

    In the Himalayan stare down, the dilemmas for Delhi (Article)                                                                                    

    The author highlights that the growing number of disputes on the India-china border by the Chinese troops indicate new age of territorial aggression against India. The present standoff is unprecedented in its scope and manner. He further focuses on the reasons behind the present aggression and throws light on the limitations of China in such standoffs and what strategy India needs to pursue.

    • Why Chinese escalation now
    • Limits on china’s adventurism
    • Way forward for India

     

    Time to discontinue free power for farmers (Article)

    Recently, the Centre has decided to increase the borrowing limit of the State Governments to deal with the COVID-19 pandemic. However, in order to avail enhanced borrowing limit, the State Governments are required to implement a number of structural reforms.

    One of the significant reforms pushed by the Central Government is doing away with the free electricity to the farmers and replacing it with the Direct Benefits Transfer for certain targeted beneficiaries only. This has been a proposed reform since more than 15-20 years to solve the ailing problems of Indian agriculture as well as power sector. However, since it is politically sensitive, state governments have been reluctant to bite the bullet.

    • Understanding power subsidy
    • Adverse impact of power subsidy
    • Way forward

     

    Cabinet nod for Agri-market reforms

    Recently, in order to deal with the COVID-19 pandemic, the Union Finance Minister had announced the 3rd tranche of measures to introduce various reforms in the Agricultural sector.

    The most significant reforms included:

    1. Amendment to the essential commodities Act to enable better price realisation for farmers.
    1. Agriculture Marketing Reforms to provide marketing choices to farmers
    2. Legal Framework for Contract Farming

    These reforms had been recommended by number of committees including the Committee on Doubling Farmers’ Income headed by Ashok Dalwai.

    Now, yesterday, the Union Cabinet has finally given approval for the Economic Stimulus for agriculture sector. The following decisions have been taken:

    1. Promulgation of the Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance to promote barrier free trade in agricultural produce.
    1. Promulgation of The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 to promote contract farming.
    1. Approval of the Amendments proposed to the Essential Commodities Act
    • Amendments to Essential Commodities Act to enable better price realization for farmers
    • Agriculture Marketing Reforms to provide marketing choices to farmers
    • Facilitative Legal Framework for Contract Farming

     

    Seven to eleven    

    US President Donald Trump has said that the G7 grouping is an outdated one and has proposed a new group known as the G11 group. 

    • G7
    • G11
    • G8 +5
    • D 10
    Comments

    Nirmal Das 1 month ago

    Q1 asked about ''proposed members''  so according to the ques. it should be 2,3,4 not USA ; as it is already a member of G7