Q.2 Technically, a subsidy is the unrecovered cost of any service (or good) provided by the government. What are the purposes served by the subsidies and what are the issues with it? Suggest the way forward. (10 Marks)

Mentor’s comment-
  • https://indianexpress.com/article/opinion/columns/pms-revdi-remark-we-need-to-disentangle-good-subsidies-from-bad-8043837/
  • In the intro, mention that there has been debate over the culture of political populism and freebies in India.
  • In the body, mention that certain subsidies are desirable as they serve the purpose of benefiting society with positive externalities and the recipient of subsidies. In the issues mention fiscal stress induced by the undesirable subsidies. In the way forward, mention the need for phasing out the undesirable subsidies.
  • Conclude by mentioning the need for debate on the purpose and ways in which subsidies are provided in the country.
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Athira A Jolly
Athira A Jolly
20 days ago

Order no : #0000581402

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Adobe Scan 25 Jul 2022 (1)_1.jpg
Sandeep gupta
Sandeep gupta
19 days ago

order no #0000581794

believing is seeing
believing is seeing
16 days ago