Should Public Sector Be Restructured or Abolished Scheme of the essay Expositions: The investment in the Public Sector had been very high but the return had been very low Rising Action: High-level committees have suggested restructuring of the Public sector. Climax: (1) Functional autonomy should be given (2) MOU was to keep bureaucrats at a distance but it is not practised. (3) The relationship of the Public Sector with the Minister...

Oil Crisis and the World Economy Scheme of the essay Exposition: Many factors are responsible for the continuous soaring of oil prices. Rising Action: India has been able to absorb the shock because of the rise in exports but the condition of other developing countries is worse. Climax: (1) Non-oil producing, developing countries are facing a balance of payment deficit, falling growth rates, and increasing unemployment, (2) There is a general...

Role of the Public Sector in the Indian Economy Scheme of the Essay Exposition: After independence, India adopted a mixed economy. Rising Action: This type of economy was adopted because private entrepreneurs were not forthcoming. Climax: (1) The public sector has developed core industries. (2) It has helped in the dispersal of industries. (3) Foreign collaboration and help were possible through the public sector only. (4) The public sector can help...

What Ails Economic Reforms Scheme of the essay Exposition: Gross inefficiency ails India Rising Action: I confine to four specific changes Climax: (1) The government must infuse life into the reform process. (2) Pay commission should give pay increases to civil servants and cut the size of bureaucracy. (3) Instead of giving export incentives the government should advertise goods. (4) The government should promote education to build up human capital. (5)...

I.M.F’s Intervention in Third World Scheme of the essay Exposition: IMF through its structural adjustment programmes has harmed the third world economy. Rising Action: Some say that the IMF should not advocate unsustainable policies. Climax: (1) Austerity measures of IMF result in political unrest. (2) Structural adjustment produces political unrest. (3) Successive IMF programmes disenchanted people with their govt.’s profligacy. Ending: No government can go ahead with economic reforms without risking...

Demand for Liberalisation with More Rules Scheme of the essay Expositions: Liberalisation is demanding more rules. Rising Action: It is implied in such a demand that the rules of the old system were not correct. Climax: (1) Corruption has increased due to the power of discretion given to politicians (2) Predetermined rules reduce the flexibility of the government’s decision (3) Rules may have an overdose of ideology (4) Completely free markets...

Are Joint Ventures Viable Scheme of the essay Exposition: Many foreign partners are willing to have joint ventures. Rising Action: The Indian partner’s inability to invest capital is the cause of the failure of joint ventures Climax: (1) Foreign partners seek an increase in stake for reasons other than tapping potential (2) Joint ventures are marriages, of the two partners. (3) Indian partners offer little input (4) The Govt.’s regulating Joint...

India and Sea Power Politics Scheme of the Essay Exposition: After Moscow’s declaration the US targeted it Nuclear missiles at sea. Rising Action: Coastal zones here gained importance. Climax: (1) Turbulent state politics changes the character of sea-based forces for future conflicts. (2) The Karakorum Highway Plan linking up Iran and Central Asia has given China an opportunity to connect with seaports in the North Arabian Sea. (3) The sea-based forces...