Mentor’s Comments-
- Briefly write about the concept of public funds.
- Bring out the various issues associated with utilization of public funds.
- State the various ethical principles which can help in better utilization of public funds in India.
- Conclude accordingly.
razor 216516833611
Pranav
Good attempt.
Introduction is fine. Some examples could be mentioned.
Issues are also decent, misuse of public funds for political use by parties could be added along with examples.
In ethical principles, normative principles are well written.. Also, mention some institutional mechanisms that can be used for efficient utilization such as expansion of DBT, adherence to FRBM Act, usage of public financial management system etc.
In wat forward, you can mention social audits, citizens charters etc
Add a conclusion.
Keep practicing. 🙂
#0000588209
Sushant
Introduction is fine, you could give some examples, also, collection via tax is not a necessary thing, donations can also be used such as PM Cares, disaster relief funds etc
Issues mentioned are good, use of public funds for political purposes and bottlenecks in flow of funds leading to exclusion of beneficiaries etc could also be added.
Ethical principles are well written, adherence to institutional mechanisms that can be used for efficient utilization such as expansion of DBT, adherence to FRBM Act, usage of public financial management system, citizen’s charters, social audit, RTI etc. can also be mentioned.
Try to link the normative aspects of ethics with the practical things we see happening around us.
Conclusion is fine.
Keep practicing. 🙂
0000572698
Naveen
Decent attempt.
Introduction is good, issues mentioned are quite elaborate.
Ethical principles are also fine, however, you can include methods which can be used for better utilization of funds. For example, in transparency you can talk about e-governance, usage and application of RTI etc; in inculcating ethical values you can talk of Code of Ethics/Conduct etc
Adherence to institutional mechanisms that can be used for efficient utilization such as expansion of DBT, adherence to FRBM Act, usage of public financial management system, citizen’s charters, social audit, RTI etc. can also be mentioned.
Conclusion is fine.
Keep practicing. 🙂
5.5/10
JmQPOijgofaERD
Hello
Introduction is fine, you could mention some examples.
In next part, you have written some good points. Also, use of funds for political purpose, bottlenecks in flow of funds which leads to exclusion of beneficiaries, lesser allocation etc could be added.
Ethical principles are also fine, however, also mention how to apply these principles for better utilization of funds. For example, in first point about ethical values you can talk of Code of Ethics/Conduct etc. Also, need to increase transparency and accountability should be mentioned(e-governance, RTI etc).
Adherence to institutional mechanisms that can be used for efficient utilization such as expansion of DBT, adherence to FRBM Act, usage of public financial management system, citizen’s charters, social audit etc. can also be mentioned.
Keep practicing. Try to link normative ethics to its practical applications for a better answer.
Keep practicing. 🙂