News for December 11, 2015
Important News from The Hindu:
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Supreme Court upholds Haryana panchayat law
[Important for: Polity, Judiciary]
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Chennai paid the price for loss of wetlands and open spaces: study
[Important for: Environment & Ecology, Chennai Flood]
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CJI says give rights to people in accordance with their choice
[Important for: Judiciary, Human Rights, NHRC]
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Over 400 NGOs oppose ‘new non-trade issues’ at WTO talks
[Important for: Economy, WTO]
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‘To be truly innovative rather than imitative, back research’
[Important for: Polity, Economy, Business]
News for December 10, 2015
Important News from The Hindu:
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High Court upholds ‘status quo’ order on beef festival in OU
[Important for: Polity, Judiciary, Status quo]
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A deadly war at the genetic level
[Important for: Environment & Ecology]
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‘Ban Trump’ petition gets huge support in U.K.
[Important for: IP, IR]
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Govt. will protect farmers’ interests in WTO talks
[Important for: Economy, Business]
News for December 9, 2015
Important News from The Hindu:
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Early passage of GST Bill unlikely
[Important for: Polity, GST ]
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‘Green energy targets remain a mirage’
[Important for: Climate change, Environment & Ecology, NAPCC]
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Tensions along South China Sea hastened Su-35 deal
[Important for: IP, IR]
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Export promotion panel opposes proposal to abolish direct tax benefits for SEZs
[Important for: Economy, Business]
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Centre’s non-tax revenue surges in first half on economic services
[Important for: Polity, Economy, Business]
News for December 8, 2015
Important News from The Hindu:
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India to have 8 new observatories
[Important for: Environment & Ecology, Ecological Observatory ]
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India open to non-binding talks on ‘new’ issues at WTO meet
[Important for: Economy, Business, India and WTO]
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Panagariya urges corporates to stop seeking tax sops from the Centre
[Important for: Economy, Business]
News for December 7, 2015
Important News from The Hindu:
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HAM to the rescue when new technologies failed
[Important for: Technology, Chennai Flood]
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Supreme Court will ensure rule of law: CJI
[Important for: Judiciary, CJI]
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‘Progressive Paris pact will unlock green funds’
[Important for: IP, IR, Climate change]
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Government aims to move five more reforms to labour laws
[Important for: Economy, Labour law reforms]
News for December 6, 2015
Important News from The Hindu:
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PSLV bags two more U.S. launch orders
[Important for: Science & Tech]
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Solar capacity crosses 5,000 MW
[Important for: Economy, Business, Solar Power]
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HelpMeSee unfolds cutting-edge technology to combat blindness
[Important for: Sciencs & Tech, HelpMeSee]
News for December 5, 2015
Important News from The Hindu:
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A third of India’s soil degraded: experts
[Important for: FAO, Soil Profile of India, Land Degradation]
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Centre to set up 12 petrochemical complexes
[Important for: Economy, Business]
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RBI steps in as rupee slips to 67/$
[Important for: Economy, Business]
News for December 4, 2015
Important News from The Hindu:
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G77, China mount sharp attack on rich nations
[Important for: IP, IR, G-77]
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India opposes attempts of rich nations to stall WTO’s Doha Round talks
[Important for: India & WTO]
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Government’s Gold Bond Scheme may not attain target
[Important for: Economy, Business]
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RBI to comb bank books to unearth hidden bad loans
[Important for: Economy, Business]
News for November 21, 2015
Important News from The Hindu:
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ISRO working on 4-D, 5-D imaging technology: scientist
[Important for: Prelims/Mains- Science & Technology]
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Trade ties top Modi’s agenda at Asean meet
[Important for: Prelims/Mains- IR, Economy]
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‘Centre committed to boost public spending on infrastructure’
[Important for: Prelims/Mains- Economy, Business]
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CBDT outlines roadmap to phase out corporate tax exemptions
[Important for: Prelims/Mains- Economy, Business]
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Make-in-India initiative seen as growth driver for foundries
[Important for: Economy]
[Part 1] Mains 2014 GS-3 Answer key and Solutions
Question 1: Normally countries shifted from agriculture to industry and later to services, but India shifted directly from agriculture to services.What are the reason for the huge growth of the services vis-a-vis industry in the country? can India become a developed country without a strong industrial base?
Answer: Part-I
The proper course of development that an economy follow is a shift from agriculture to services via industry, but India has shifted from agriculture to services directly without entering into industrial phase. The Reason behind its direct shift are as follows:
- Globalisation and Liberalisation: Both the term influenced India almost at the same time, which created a base to grow service sector. The globalization opened the shifting of service sector job while liberalization opened the country’s market by increased investment.
- Availability of Skilled manpower : The huge availability of skilled manpower with lower labor cost provided a solid base for service sector growth.
- Internal and external demand: The world wide demand of services sector with increasing economy and purchase power has influenced greatly in growth of service sector.