Descriptive question:
What are some of the practical ways by which countries can boost social inclusion as well as economic growth? Discuss in the context of India.
What are some of the practical ways by which countries can boost social inclusion as well as economic growth? Discuss in the context of India.
Studyniti- Study with Smriti
Descriptive question: What are some of the practical ways by which countries can boost social inclusion as well as economic growth? Discuss in the context of India.
Introduction:
Social inclusion is the process of improving the terms on which individuals and groups take part in society—improving the ability, opportunity, and dignity of those disadvantaged on the basis of their identity. Exclusion can rob individuals of dignity, security, and the opportunity to lead a better life.
Body:
Costs of social exclusion:
At the individual level, the loss of wages, lifetime earnings, poor education, and employment outcomes are the commonest measures of costs. Social exclusion is often solidified through discrimination, which can have physical and mental health costs.
At the national level, the economic cost of social exclusion can be captured by forgone gross domestic product (GDP) and human capital wealth. Exclusion or the perception of exclusion may cause certain groups to opt out of markets, services, and spaces, with costs to both individuals and the economy.
A recent International Monetary Fund (IMF) paper shows that the current gender gap in the labor force costs countries at the bottom half of gender inequality around 35 percent of GDP.
A 2018 World Bank paper estimates that Africa alone lost $ 2.5 trillion in human capital due to gender inequality and 11.4% of total wealth in 2014.
Another study found that exclusion of the ethnic minority Roma cost Romania 887 million euros in lost productivity.
Steps taken by the government for Inclusive Growth:
The government has realized the importance of inclusive growth and has taken steps accordingly. Some of the steps taken by the government are:
Sarva Shiksha Abhiyaan
Right to Education
Midday meal scheme
MNREGA
Housing for All
Pradhan Mantri Gram Sadak Yojana
Pradhan Mantri Jan Dhan Yojana
National Social Assistance Programme
National Health Mission
Rashtriya Swasthya Suraksha Yojana
Pradhan Mantri Jeevan Jyothi Bhima Yojana
Skill India, Make in India and Digital India
Right to Information
Other initiatives like Payment Banks, Small Finance Banks.
When the social indicators of an individual and a society improves by social inclusion measures, it leads to improved economic growth as they start contributing in various ways. World Economic Forum has suggested 3 practical ways by which countries can boost social inclusion as well as economic growth:
First, countries should increase public and private investment in their citizens’ capabilities, which is the most important way they can durably lift their rate of productivity growth.
Second, governments, together with employers’ and workers’ organizations, should upgrade national rules and institutions relating to work. These influence the quantity and distribution of job opportunities and compensation, and thus the level of purchasing power and aggregate demand within the economy.
Third, countries should increase public and private investment in labor-intensive economic sectors that generate wider benefits for society. These include sustainable water, energy, digital, and transport infrastructure, care sectors, the rural economy, and education and training.
Other ways:
Research into the effects and causes of social exclusion.
Educational and awareness campaigns on the needs of people who are socially excluded.
To encourage service providers to adapt their services to meet their needs, or the public to generally be more accepting of, and engaging with, particular communities;
regeneration activities to change and improve the social and economic circumstances of a community.
providing a local network group, linking groups in an area concerned with different issues affecting a particular community to enable them to make a more effective and joined up approach.
increasing or coordinating opportunities for particular communities to participate in society. For instance, decision making on certain aspects by local decision making groups like local governments.
Way forward for India:
Indian government along with the state governments and local governments should continue to focus on eradicating poverty and achieving sustainable development in order to improve the lives
Social inclusion is the process of improving the terms on which individuals and groups take part in society—improving the ability, opportunity, and dignity of those disadvantaged on the basis of their identity. Exclusion can rob individuals of dignity, security, and the opportunity to lead a better life.
Body:
Costs of social exclusion:
At the individual level, the loss of wages, lifetime earnings, poor education, and employment outcomes are the commonest measures of costs. Social exclusion is often solidified through discrimination, which can have physical and mental health costs.
At the national level, the economic cost of social exclusion can be captured by forgone gross domestic product (GDP) and human capital wealth. Exclusion or the perception of exclusion may cause certain groups to opt out of markets, services, and spaces, with costs to both individuals and the economy.
A recent International Monetary Fund (IMF) paper shows that the current gender gap in the labor force costs countries at the bottom half of gender inequality around 35 percent of GDP.
A 2018 World Bank paper estimates that Africa alone lost $ 2.5 trillion in human capital due to gender inequality and 11.4% of total wealth in 2014.
Another study found that exclusion of the ethnic minority Roma cost Romania 887 million euros in lost productivity.
Steps taken by the government for Inclusive Growth:
The government has realized the importance of inclusive growth and has taken steps accordingly. Some of the steps taken by the government are:
Sarva Shiksha Abhiyaan
Right to Education
Midday meal scheme
MNREGA
Housing for All
Pradhan Mantri Gram Sadak Yojana
Pradhan Mantri Jan Dhan Yojana
National Social Assistance Programme
National Health Mission
Rashtriya Swasthya Suraksha Yojana
Pradhan Mantri Jeevan Jyothi Bhima Yojana
Skill India, Make in India and Digital India
Right to Information
Other initiatives like Payment Banks, Small Finance Banks.
When the social indicators of an individual and a society improves by social inclusion measures, it leads to improved economic growth as they start contributing in various ways. World Economic Forum has suggested 3 practical ways by which countries can boost social inclusion as well as economic growth:
First, countries should increase public and private investment in their citizens’ capabilities, which is the most important way they can durably lift their rate of productivity growth.
Second, governments, together with employers’ and workers’ organizations, should upgrade national rules and institutions relating to work. These influence the quantity and distribution of job opportunities and compensation, and thus the level of purchasing power and aggregate demand within the economy.
Third, countries should increase public and private investment in labor-intensive economic sectors that generate wider benefits for society. These include sustainable water, energy, digital, and transport infrastructure, care sectors, the rural economy, and education and training.
Other ways:
Research into the effects and causes of social exclusion.
Educational and awareness campaigns on the needs of people who are socially excluded.
To encourage service providers to adapt their services to meet their needs, or the public to generally be more accepting of, and engaging with, particular communities;
regeneration activities to change and improve the social and economic circumstances of a community.
providing a local network group, linking groups in an area concerned with different issues affecting a particular community to enable them to make a more effective and joined up approach.
increasing or coordinating opportunities for particular communities to participate in society. For instance, decision making on certain aspects by local decision making groups like local governments.
Way forward for India:
Indian government along with the state governments and local governments should continue to focus on eradicating poverty and achieving sustainable development in order to improve the lives
Studyniti- Study with Smriti
Descriptive question: What are some of the practical ways by which countries can boost social inclusion as well as economic growth? Discuss in the context of India.
of India’s people.
Through innovative partnerships with an international organization, civil societies, and private companies, inclusive and equitable growth can be targeted.
Inclusive growth will help in the empowerment of vulnerable and marginalized populations, improve livelihoods, and augment skill-building for women.
Conclusion:
Inclusive growth is of vital importance to fight inequality in all aspects and promote holistic development of individuals in the country. Inclusive growth is necessary for the sustainable and holistic development of all sections of the society. For economic, social and political empowerment of its citizens, the core components of the Inclusive growth must be tackled.
Through innovative partnerships with an international organization, civil societies, and private companies, inclusive and equitable growth can be targeted.
Inclusive growth will help in the empowerment of vulnerable and marginalized populations, improve livelihoods, and augment skill-building for women.
Conclusion:
Inclusive growth is of vital importance to fight inequality in all aspects and promote holistic development of individuals in the country. Inclusive growth is necessary for the sustainable and holistic development of all sections of the society. For economic, social and political empowerment of its citizens, the core components of the Inclusive growth must be tackled.
Fund based credit facilities include ......
(i) Term loan for acquisition of fixed assets,
(ii) Cash credit facility (iii) Bill purchase facility
(i) Term loan for acquisition of fixed assets,
(ii) Cash credit facility (iii) Bill purchase facility
Anonymous Quiz
39%
Only (i) and (ii)
18%
Only (i) and (iii)
23%
Only (ii) and (iii)
20%
(i), (ii) and (iii)
Merchant bankers are ......
Anonymous Quiz
28%
Financial Brokers
52%
Financial intermediaries
12%
Credit Appraisers
8%
Underwriters
National Payments Corporation of India (NCPI) is promoted by ......
Anonymous Quiz
48%
RBI
18%
SEBI
26%
GOI
7%
Major Public & Private sector banks
If a bond is issued with the provision that the investor has option to replace the bond with
equity at a fixed price, it is called ......
equity at a fixed price, it is called ......
Anonymous Quiz
10%
Coupon bond
61%
Convertible bond
15%
Preference bond
14%
Zero coupon bond
The Central Registry of Securitisation Asset Reconstruction and Security Interest of India
(CERSAI) is set up under the provisions of ......
(CERSAI) is set up under the provisions of ......
Anonymous Poll
15%
RBI Act
29%
Banking Regulation Act
51%
SARFAESI Act
5%
Transfer of Property Act
Forwarded from General Awareness with Kapil Kathpal (Smriti Kapil Kathpal)
10 Myths Busted for Bank Exam aspirants
Tonight @ 9 PM
Must watch session...
This session of only 15 Minutes gives you all the insights about the Myths which every Banking Exam Aspirant thinks to be true, Through this session Smriti Sethi who has cracked SBI PO & LIC AAO 2019 has busted all these myths so that all banking aspirants can follow right path and strategy.
https://youtu.be/YNCVbC7jMNA
Do hit the Like and share it maximum...🙏🏻🙏🏻
Tonight @ 9 PM
Must watch session...
This session of only 15 Minutes gives you all the insights about the Myths which every Banking Exam Aspirant thinks to be true, Through this session Smriti Sethi who has cracked SBI PO & LIC AAO 2019 has busted all these myths so that all banking aspirants can follow right path and strategy.
https://youtu.be/YNCVbC7jMNA
Do hit the Like and share it maximum...🙏🏻🙏🏻
Descriptive Question:
What is ‘Atmanirbhar Bharat Abhiyan’? Discuss the significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic.
What is ‘Atmanirbhar Bharat Abhiyan’? Discuss the significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic.
Studyniti- Study with Smriti
Descriptive Question: What is ‘Atmanirbhar Bharat Abhiyan’? Discuss the significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic.
Introduction:
Prime Minister recently announced an economic package totaling Rs 20 lakh crore to tide over the Covid-19 crisis under ‘Atmanirbhar Bharat Abhiyan’. The Rs 20 lakh crore package includes the government’s recent announcements on supporting key sectors and measures by Reserve Bank of India. the economic package would be around the 10 per cent of the GDP. The package is expected to focus on land, labour, liquidity and laws. It will cater to various sections including cottage industry, MSMEs, labourers, middle class, and industries, among others.
A self-reliant India will stand on five pillars viz. Economy, which brings in quantum jump and not incremental change; Infrastructure, which should become the identity of India; System, based on 21st century technology driven arrangements; Vibrant Demography, which is our source of energy for a self-reliant India; and Demand, whereby the strength of our demand and supply chain should be utilized to full capacity.
The Self-Reliant India Mission aims towards cutting down import dependence by focusing on substitution while improving safety compliance and quality goods to gain global market share.
The Mission focuses on the importance of promoting “local” products.
Significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic:
The coronavirus disease pandemic (Covid-19) has offered India a valuable lesson on the importance of self-reliance and self-sufficiency, and the country, each state within it, each district within every state, and each village within every district must aspire to attain the twin goals.
The definition of self-reliance has undergone a change in the globalized world and clarified that when the country talks about self-reliance, it is different from being self-centered.
Self-reliance will prepare the country for tough competition in the global supply chain, and it is important that the country wins this competition. It will not only increase efficiency in various sectors but also ensure quality.
Global supply chains have been disrupted and all nations have become preoccupied with meeting their own challenges.
The importance of local manufacturing, local market and local supply chains was realized during pandemic time. All our demands during the crisis were met ‘locally’. Now, it’s time to be vocal about the local products and help these local products become global.
For instance, the supply chain and global manufacturing controlled by Chinese economy got disrupted due to COVID. Thus there is a need to become self-reliant for essential goods and service like N95 masks, ventilators etc.
Restrictions on travel and mobility have meant tight controls over the flow of goods, services and labour across international, state and district borders.
The international economic order is changing; the possibility of greater economic cooperation is diminishing. So the emphasis should be on the need to leverage India’s inner potential.
India has entered in the period of demographic dividend from 2018 and thus working age population has increased which needs to be employed at home. This helps in capitalizing the Demographic dividend of India.
With India (1.37bn) set to surpass China (1.43bn) in becoming country with largest population by 2027, it also provides for increasing domestic demand which can be catered with locally produced goods.
The Self-Reliance neither signifies any exclusionary or isolationist strategies but involves creation of a helping hand to the whole world.
This is not a rejection of globalisation, but a call for a new form of globalisation — from profit-driven to people-centric which takes into account the needs of labors, vulnerable and have nots.
Means to achieve the self-reliance and self-sufficiency:
Several bold reforms are needed to make the country self-reliant, so that the impact of crisis such as COVID, can be negated in future.
These reforms include supply chain reforms for agriculture, rational tax system, simple and clear laws, capable human resource and a strong financi
Prime Minister recently announced an economic package totaling Rs 20 lakh crore to tide over the Covid-19 crisis under ‘Atmanirbhar Bharat Abhiyan’. The Rs 20 lakh crore package includes the government’s recent announcements on supporting key sectors and measures by Reserve Bank of India. the economic package would be around the 10 per cent of the GDP. The package is expected to focus on land, labour, liquidity and laws. It will cater to various sections including cottage industry, MSMEs, labourers, middle class, and industries, among others.
A self-reliant India will stand on five pillars viz. Economy, which brings in quantum jump and not incremental change; Infrastructure, which should become the identity of India; System, based on 21st century technology driven arrangements; Vibrant Demography, which is our source of energy for a self-reliant India; and Demand, whereby the strength of our demand and supply chain should be utilized to full capacity.
The Self-Reliant India Mission aims towards cutting down import dependence by focusing on substitution while improving safety compliance and quality goods to gain global market share.
The Mission focuses on the importance of promoting “local” products.
Significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic:
The coronavirus disease pandemic (Covid-19) has offered India a valuable lesson on the importance of self-reliance and self-sufficiency, and the country, each state within it, each district within every state, and each village within every district must aspire to attain the twin goals.
The definition of self-reliance has undergone a change in the globalized world and clarified that when the country talks about self-reliance, it is different from being self-centered.
Self-reliance will prepare the country for tough competition in the global supply chain, and it is important that the country wins this competition. It will not only increase efficiency in various sectors but also ensure quality.
Global supply chains have been disrupted and all nations have become preoccupied with meeting their own challenges.
The importance of local manufacturing, local market and local supply chains was realized during pandemic time. All our demands during the crisis were met ‘locally’. Now, it’s time to be vocal about the local products and help these local products become global.
For instance, the supply chain and global manufacturing controlled by Chinese economy got disrupted due to COVID. Thus there is a need to become self-reliant for essential goods and service like N95 masks, ventilators etc.
Restrictions on travel and mobility have meant tight controls over the flow of goods, services and labour across international, state and district borders.
The international economic order is changing; the possibility of greater economic cooperation is diminishing. So the emphasis should be on the need to leverage India’s inner potential.
India has entered in the period of demographic dividend from 2018 and thus working age population has increased which needs to be employed at home. This helps in capitalizing the Demographic dividend of India.
With India (1.37bn) set to surpass China (1.43bn) in becoming country with largest population by 2027, it also provides for increasing domestic demand which can be catered with locally produced goods.
The Self-Reliance neither signifies any exclusionary or isolationist strategies but involves creation of a helping hand to the whole world.
This is not a rejection of globalisation, but a call for a new form of globalisation — from profit-driven to people-centric which takes into account the needs of labors, vulnerable and have nots.
Means to achieve the self-reliance and self-sufficiency:
Several bold reforms are needed to make the country self-reliant, so that the impact of crisis such as COVID, can be negated in future.
These reforms include supply chain reforms for agriculture, rational tax system, simple and clear laws, capable human resource and a strong financi
Studyniti- Study with Smriti
Descriptive Question: What is ‘Atmanirbhar Bharat Abhiyan’? Discuss the significance of self-reliance and self-efficiency in the times of crisis like the COVID pandemic.
al system.
These reforms will promote business, attract investment, and further strengthen Make in India.
Local Governments should be playing a key role in supporting the government’s outreach in vast belts of rural India to spread awareness about the coronavirus disease.
Local governments can undertake door-to-door campaigns; stitched masks; made hand sanitisers for local populations; and provided support to the local administrative and security machinery in both providing basic services to residents and enforcing the lockdown.
Conclusion:
The slowing down economy as
well as weaker forces of globalization demands a new path for the New India. Atmanirbhar mission is a bridge for transforming into NEW INDIA which need balancing the interest of capital as well as labor to be effective and efficient.
These reforms will promote business, attract investment, and further strengthen Make in India.
Local Governments should be playing a key role in supporting the government’s outreach in vast belts of rural India to spread awareness about the coronavirus disease.
Local governments can undertake door-to-door campaigns; stitched masks; made hand sanitisers for local populations; and provided support to the local administrative and security machinery in both providing basic services to residents and enforcing the lockdown.
Conclusion:
The slowing down economy as
well as weaker forces of globalization demands a new path for the New India. Atmanirbhar mission is a bridge for transforming into NEW INDIA which need balancing the interest of capital as well as labor to be effective and efficient.
Coming Soon....
Puzzle & DI का Deadly Combination...
Puzzle & DI एक ही सवाल में...
जो कहीं भी और कभी भी नहीं देखा होगा..
Subscribe Now this channel by clicking on the link given...
Video will be out tmrw..
https://www.youtube.com/c/StudynitiStudywithSmriti
Puzzle & DI का Deadly Combination...
Puzzle & DI एक ही सवाल में...
जो कहीं भी और कभी भी नहीं देखा होगा..
Subscribe Now this channel by clicking on the link given...
Video will be out tmrw..
https://www.youtube.com/c/StudynitiStudywithSmriti
Forwarded from General Awareness with Kapil Kathpal (Kapil Kathpal)
Puzzle & DI का Deadly Combination जो कहीं भी और कभी भी नहीं देखा होगा..
Can you solve this??
New pattern question for all the Banking Exams by Smriti Sethi who has cleared SBI & LIC exams 2019.
Puzzle & Data Interpretation एक ही सवाल में | अनोखा Combination |
https://youtu.be/VJq9tkfYR54
Can you solve this??
New pattern question for all the Banking Exams by Smriti Sethi who has cleared SBI & LIC exams 2019.
Puzzle & Data Interpretation एक ही सवाल में | अनोखा Combination |
https://youtu.be/VJq9tkfYR54
Forwarded from General Awareness with Kapil Kathpal (Kapil Kathpal)
New Video:
Puzzle & DI का Deadly अनोखा Combination एक ही सवाल में, जो कहीं भी और कभी भी नहीं देखा होगा..
4 Variable Puzzle with Blood Relation & Simple Interest DI in One Question
क्या आप Solve कर सकते हैं? Challenge Yourself
https://youtu.be/txutSvRzfcs
Puzzle & DI का Deadly अनोखा Combination एक ही सवाल में, जो कहीं भी और कभी भी नहीं देखा होगा..
4 Variable Puzzle with Blood Relation & Simple Interest DI in One Question
क्या आप Solve कर सकते हैं? Challenge Yourself
https://youtu.be/txutSvRzfcs
Forwarded from General Awareness with Kapil Kathpal (Kapil Kathpal)
New Video:
Puzzle & DI का Deadly अनोखा Combination एक ही सवाल में, जो कहीं भी और कभी भी नहीं देखा होगा..
4 Variable Puzzle with Blood Relation & Simple Interest DI in One Question
क्या आप Solve कर सकते हैं? Challenge Yourself
https://youtu.be/txutSvRzfcs
Puzzle & DI का Deadly अनोखा Combination एक ही सवाल में, जो कहीं भी और कभी भी नहीं देखा होगा..
4 Variable Puzzle with Blood Relation & Simple Interest DI in One Question
क्या आप Solve कर सकते हैं? Challenge Yourself
https://youtu.be/txutSvRzfcs