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Thu 23rd of November 2017

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Sports Sector Gets the Infrastructure Status

For addressing the issue of deficit of sports infrastructure in the country, the Ministry of Youth Affairs & Sports Affairs had moved a proposal for inclusion of Sports in the harmonized master list of infrastructure sub-sectors

With this proposalthe sports sector becomes eligible for obtaining long term financial support from banks and other financial institutions on the same principle as is available to other infrastructure projects.

The Ministry of Finance after a series of meetings and discussions with different agencies including RBI have decided that sports infrastructure will be included under the Harmonized Master List of Infrastructure Subsectors and that it “includes the provision of Sports Stadia and Infrastructure for Academies for Training / Research in Sports and Sports-related activities”

Importance of the inclusion

  • This would encourage private investment in a public good which has socio-economic externalities in a country with young population.
  • It will bolster investment in sports infrastructure sector which will contribute to the economy and help in promotion of health and fitness of the people of this country
  • It will provide opportunities for employment in the new and exciting sectors
  • Investment of the private sector will widen the platform from where the country can become a sporting power in future.
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Prelims Question of the Day

With reference to 'Natural Rate of Unemployment', consider the following statements.

1. It is the level of unemployment in an economy that is just consistent with a stable rate of Inflation.

2. It is the unemployment that prevails when all markets in the economy are in equilibrium.

 

(a)1 and 2

(b)2 only

(c)1 only

(d)None of the above

Mains Question of the Day

1.GS-No party in power can afford to ignore Directive Principles of State Policy. Comment.(200 Words)

2.Political Science - Explain the role of non state actors, like IMF, World Bank, European Union and MNCs, in modulating and transforming the broad dynamics of international relations. (250 Words).

3.SOCIOLOGY - What is the impact of Globalization on the structure and mobilization of the working class in India? (250 Words).

Sociology - Thinkers