Scribd
Upload
14 views

CRPF HCM Typing Test Result

Uploaded by

Sumit kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
14 views

CRPF HCM Typing Test Result

Uploaded by

Sumit kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Click Here to Print This Passage

RKC,Nawada TEST NAME

CRPF-hcm-Eng-Test-Dated-2023-12-05-Test NO.-12239

In resigning just six weeks into the job, ex-British PM Liz Truss has set a record and
achieved something that only ever happens with the best and the worst. She will
forever after be enshrined in a pub quiz a popular British pastime question as the
shortest-serving PM in British history. At a mere 44 days in office, Truss has beaten
the record of George Canning, who died in 1827 after 119 days in the job. She has
also managed the singular distinction of using her brief premiership to accomplish
a remarkable list of items: trashing Britain reputation for overall political prudence
and economic steadiness, which had survived despite the chaotic spiral triggered
by the 2016 Brexit referendum. The key takeaway from the chaotic and short-lived
premiership of the UK Liz Truss also has wide global applicability in a globalised
world with vast financial markets, political legitimacy and ability to govern are
intertwined with economic and financial credibility. The policy credibility crisis
arising from an economic plan that was out of sync with fiscal reality snowballed
into political crisis. Britain is in the grip of stagflation, a combination of high
inflation and collapsing economic growth. Markets and the country needed
prudence first, some plans to cut spending next and smart policy tweaks for growth
third. They got a mad mix of unfunded tax cuts and a discredited growth model.
That even the complete reversal of those policies didn save Truss shows how
deeply policy mistakes can cut politically. Every government must conclude that
there is a price to be paid for reckless fiscal as well as monetary policies. Western
countries have been merrily borrowing and, until recently, cutting rates for years.
Britain is a warning to them that being developed economies doesn mean you will
never face a crisis. The only partial exception is the US, because the dollar is the
global reserve currency. And if advanced economies such as the UK and Italy are
struggling to cope with poor economic policies, the consequences are worse for
those emerging markets that believe that they can spend their way to economic
growth. Crisis after crisis have proved otherwise. It also serves as a lesson for India
where economic populism has gained traction. The UK predicament should make
us pause and rethink populism. Two decades ago, with memories of the 1991
balance of payments crisis still fresh, there was political consensus to legislate
fiscal safeguards through the FRBM Act. Over time, this consensus has broken
down and FRBM has been diluted. Economic crises always engulf the political
system and widen social fault lines. If India needs to avoid these crises, it needs
durable economic growth. That won come through fiscal populism. Growth needs
an environment of macroeconomic stability. That why India politicians need to
rediscover the spirit that catalysed a grand bargain for the greater common good.
The clock ticking. The Gujarat government affidavit to the Supreme Court shows
that the now-free 11 gangrape-murder life convicts in the Bilkis Bano case enjoyed.

You might also like