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Explanation for today's MCQs👇
Highlights of Important Editorials (5/08/2023) 👇
Syllabus: #GSIII - Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development andEmployment.

Highlights:
1. Editorial criticises the recent decision by the Indian government to require licences for importing laptops, tablets, and other devices, drawing parallels to the repressive policies followed before the economic reforms of 1991.

2. The move is said to be aimed at promoting domestic manufacturing and reducing imports from China, but it is seen as a sledgehammer approach that could disrupt the market, create supply shortages, and increase equipment prices.

3. The government has been adopting more socialist policies in recent years, such as banning rice exports and imposing stock holding limits on pulses, which could threaten the economic gains made after the dismantling of the license permit raj in the 1990s.

#Keywords: Repressive policies, Import restrictions, Licensing regime, License permit raj.
Today's Prelims Practice Questions 👇
2025/02/24 02:05:56
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