Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions? (Answer in 250 words) (15 Marks)
Posted inUPSC Mains Solved Papers

Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions? (Answer in 250 words) (15 Marks)

The Goods and Services Tax (Compensation to States) Act of 2017 was enacted in India to address the concerns of states regarding potential revenue losses resulting from the implementation of the Goods and Services Tax (GST).
Explain the meaning of investment in an economy in terms of capital formation. Discuss the factors to be considered while designing a concession agreement between a public entity and a private entity. (Answer in 250 words) (15 Marks)
Posted inUPSC Mains Solved Papers

Explain the meaning of investment in an economy in terms of capital formation. Discuss the factors to be considered while designing a concession agreement between a public entity and a private entity. (Answer in 250 words) (15 Marks)

Investment plays a pivotal role in the economic development of a nation, catalyzing capital formation. In the context of an economy, investment refers to the allocation of resources, both financial and non-financial, to generate future returns.