[WpProQuiz 1592]
[WpProQuiz_toplist 1592]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)
[WpProQuiz 1592]
[WpProQuiz_toplist 1592]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)
| Hot Money | Cold Money | |
| Nature | Short-term capital that flows in and out of markets quickly. | Long-term investments that remain stable and less volatile. |
| Movement | Rapid movement, often driven by short-term profit opportunities. | Relatively stable movement, focused on long-term returns. |
| Risk | High risk due to volatility and susceptibility to market changes. | Lower risk as it is less influenced by short-term market fluctuations. |
| Purpose | Often seeks quick returns, capitalizing on market trends and speculation. | Invested with long-term objectives, such as retirement planning or wealth preservation. |
| Impact on Markets | Can create volatility and instability, leading to sudden market fluctuations. | Provides stability and liquidity, contributing to long-term economic growth. |
| Examples | Hedge funds, currency traders, speculative investors. | Pension funds, mutual funds, long-term investors. |
| Description | |
| Objectives | To ensure fiscal discipline, transparency, and accountability in government spending. |
| Fiscal Deficit Targets | Mandates the government to reduce its fiscal deficit to a specified target over a period of time.
Fiscal deficit target aims to be below 4.5 per cent by 2025-26. |
| Elimination of Revenue Deficit | Requires the government to eliminate its revenue deficit, which is the excess of government’s total expenditure over its total revenue. |
| Medium-term Fiscal Strategy | Mandates the government to formulate and implement a medium-term fiscal strategy outlining plans for reducing fiscal deficit over three years. |
| Annual Fiscal Reports | Requires the government to present an annual fiscal responsibility statement to Parliament, detailing progress in achieving fiscal consolidation targets. |
| Penalties for Non-compliance | Imposes penalties on the government for non-compliance, including fines and disqualification of elected members from holding public office. |


Why is this exercise problematic?

| Description | |
| Launch Year | 2011 |
| Mission Objective | Study Jupiter, the largest planet in the solar system, to gain insights into the origin and evolution of Earth. |
| Focus Areas |
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| Earth Insights |
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| Description | |
| Objective | To prevent and control water pollution and maintain or restore the wholesomeness of water resources |
| Applicability | Applies to the entire territory of India, including streams, rivers, lakes, inland water bodies, subterranean waters, and territorial waters of the country |
| Establishments | Establishes Central Pollution Control Board (CPCB) at the central level and State Pollution Control Boards (SPCBs) at the state level |
| Standards and Regulations | Empowers Pollution Control Boards to prescribe standards for the discharge of pollutants and quality of water for various purposes |
| Consent Mechanism | Requires industries and establishments to obtain prior consent from Pollution Control Boards before discharging pollutants into water bodies |
| Penalties and Enforcement | Specifies penalties for contravention, including fines and imprisonment; authorizes officers to inspect premises, take samples, and issue directives for compliance |

