Doubt Clearance Thread: UPSC 2021
"When in doubt, observe and ask questions. When certain, observe at length and ask many more questions."
Created this thread as a one stop solution for all members so that all the doubts wherein any conceptual clarification is required can be solved here.
Did Buddhism believe in transmigration of soul ?No Buddhism doesn't believe in soul. Actually neither it accepted nor it rejected the theory of soul.
@appyfizz thank u.
VonRitcher
Did Buddhism believe in transmigration of soul ?One of the most fundamental doctrines of Buddhism is anatta, or anatman--no soul or no self. Buddhism doesn't believe in transmigration of soul.
@upsc2020 thank u.
VonRitcher
Sarfaesi act is basically for secured loans+ LLPwhile IBC covers both secured / nonsecured loans ++ Unlimited Liability /IndividualsALSO IBC takes precedence over Sarfaesi during insolvency procedure
Sarfaesi Act provides for an Assest Reconstruction Company While IBC act doesn't
Micro,Sarfaesi act is basically for secured loans+ LLPwhile IBC covers both secured / nonsecured loans ++ Unlimited Liability /IndividualsALSO IBC takes precedence over Sarfaesi during insolvency procedure
Sarfaesi Act provides for an Assest Reconstruction Company While IBC act doesn't
Whil IBC provides for Both NCLAT and DRT to intervene in the process. While Sarfaesi Act provides for DRT
Micro,How is PLI Scheme is WTO Compliant. Kindly explain
- WTO rules prohibit discrimination against imported products.
- Some companies who manufacture IT hardware devices see PLI as not being compliant with the WTO as they have to be treated on par with domestically manufactured products. Some international companies already have domestic production in India and they do not have an issue with PLI.
- PLI scheme neither links the quantum or the eligibility of subsidy to exports and local value addition, thereby making the scheme WTO compliant.
- India is offering subsidies to only those companies who commit to making investments, expanding exports, local value addition, and employment creation.
The answer key has the 3rd statement marked as correct. Can anyone explain why?India GCF in 2020 is somewhere around 28-29, Bangladesh is somewhere around 32-33. This was discussed in news articles also.
How is PLI Scheme is WTO Compliant. Kindly explain
oldrustyagain29523,PLI is likely to be challenged in WTO.
But from MCQ point of view, we can say that WTO deters trade distorting subsidies. As long as India doesnt export the Production linked subsidized products and provides national treatment to imports, it is WTO compliant. It is export subsidies and not production subsidies that are prohibited by WTO.
@oldrustyagain29523 yeah you have the values correct, but GCF of 28-29 means 28-29% of GDP and 32-33 would mean 32-33% of GDP. Since India’s GDP is much greater, GCF of India would be higher than GCF of Bangladesh.Or am I making a simple error I’m not able to see here
Nope, you are right. I spoke too soon. Seems like vision also did the same error in making question. Good catch.
oldrustyagain29523,
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