Question

Explain the following:( I ) Complete elimination of corruption. ( II ) Setting practical goals with achievable targets. ( III ) Emphasis on development of human capital in the country as well as awareness amongst the masses about the development plans. ( IV ) Decentralization of execution and accountability to be entrusted to the masses for local execution of the plans. ( V ) Development plans should be designed after widespread consultation with important stakeholde

Answer 1

to eradicate the level of corruption

• in any economy the main focus should be made on the digital tracking system concerned with the effective payment record system.
• proper,effective,strict and periodical verification of financial report should be made to track any suspicious activity.
• with the income/revenue the spending pattern of person should be traced and there should be hard rules to deal against the person for carrying corruption activity.

goal are important and after the achievement of goal another goal is set,but for the achievement of a goal proper planning should be made

• set target should be feasible, it means it should be based on practical aspects if it is over planned then it won't be able to achieve and it would decrease the morale and if it is under planned then the proper potential capability and resources wouldn't be able to optimum utilized.
• planning should be made with past experience and future scope,it is a very crucial aspect to set a goal.

human capital is the vital part of any economy therefore

• there is requirement for effective human investment in the economy like the education and healthcare system.
• the public should be made aware about the job opportunity and security of a skilled and educated personnel.

decentralization implies that there should be some decision making power at the ground level workers.

• it would create proper involvement of people and they would be responsible and accountable for what they do.
• people would find the best way of doing a task as per their convenience.

development process is a vital economic aspect concerned with generally public spending.

• proper fund allocation should be undertaken.
• the usage of public good/investment and their rate of return over the investment should be ascertain.
• investors/shareholders consultation and consent should be properly obtain for the construction work.