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Brain drain
National foundation report of USA says that Indian origin scientists and engineers
in the USA grew by 85% between 2003 and 2013. According to the UN, India makes
up the largest diaspora in the world, with 16million scattered around the world.
Start Up ecosystem
India is only after the USA and UK in the number of startups that are initiated every
year. But, many of them fail to create an impact due to the regulatory environment
that exists in the country.
Start up ecosystem need
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Art 26(b) grants to religious denominations right to manage their own affairs in the
matter of religion.
In not allowing the women to enter the shrine, the above provisions come in
conflict with each other. Travancore devasthanam board argues to protect the
custom under right to manage its affairs and women argue for their right to worship
in public places and gender equality.
Stagflation risk
Term you shall know
Stagflation Stagnation + Inflation. Fall in economic production along with rise in
prices. Fiscal expansion is undertaken in the early stages if signs of stagflation
appears in an economy (Pump priming of economy)
Signs
1) Index of Industrial production show a contraction in factory output
2) Acceleration in retail inflation esp food inflation
Reasons
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Special 301 It identifies countries which do not provide "adequate and effective"
protection of intellectual property rights or "fair and equitable market access to
United States persons that rely upon intellectual property rights".
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