Economic Survey Current Affairs
Category Wise PDF Compilations available at This Link
The Second volume of Economic Survey 2016-17 has proposed Transparency of Rules Act (TORA), a progressive legislation to end any asymmetry of information regarding rules and regulations faced by an average citizen.
The objective of TORA is to help citizens overcome an opaque mesh of complicated rules that often leads to corruption and endless litigation.
At present due to opaque mesh of regulations prevalent in India make life of ordinary citizens (as well as businesses) difficult as it is not easy for ordinary citizens for them to navigate the multitude of rules, regulations, forms, taxes and procedures imposed by various tiers of government. Moreover, these rules frequently change and sometimes contradict each other. Even government officials struggle to keep up with ‘the latest version’ of complicated rules. They also act as a magnet for corruption and endless litigation.
Key Features of TORA
TORA will require all government departments to mandatorily place all citizen-friendly rules on their website. Government Officials will not be able to impose any rule not mentioned beforehand. It will make mandatory for updating all existing laws by the department.
Government websites will also have to notify the date and time of each change made. TORA will normally be applicable after a specified time after the rule has been posted. “TORA compliant” departments will ensure that citizens get authentic and updated information.
India will benefit enormously if the average citizen could easily access the latest rules and regulations in a comprehensible format. Transparency of Rules Act (TORA) will be a possible solution for this.
The Economic Survey 2016-17 Volume II released recently has taken into consideration various challenges faced by the Agriculture sector in India. It has suggested multi-dimensional Agricultural and Food Management Reforms Measures.
Small Operational Land Holdings: The average farm size in India is small and declining since 1970-71. It is a major limitation to reap the benefits of economies of scale in agriculture operations.
Credit: The predominance of informal sources of credit for farmers is a concern. Moreover, there is regional disparity in the distribution of agricultural credit.
Post- harvest losses: The horticulture sector in India faces problems like post-harvest losses, availability of quality planting material and lack of market access for horticultural produce of small farmers.
Price risks in agriculture and allied sectors: Strengthening and building marketing infrastructure along the entire value chain.
Production risks: The share of irrigated area should be expanded by increasing the coverage of water saving irrigation systems like micro irrigation systems.
Increase productivity of crops: Standards should be set and enforced for better quality, pest and disease resistant seeds.
Trade and domestic policy changes: It should be announced well before sowing and should stay till arrivals and procurement is over.
Enhance women’s involvement in the dairy projects: Funds should be earmarked through appropriate mechanisms.
Formal and institutional credit: It should be provided in timely and affordable manner to the small and marginal farmers is the key to inclusive growth. Regime based on timely interventions needs to be adopted.