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The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:
- a)Developing solar power production in our country
- b)Granting licences to foreign T.V. channels in our country
- c)Exporting our food products to other countries
- d)Permitting foreign educational institutions to set up their campuses in our country
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The term 'Domestic Content Requirement' is sometimes seen in t...
‘Domestic Content Requirement’, recently in news, is related to development of solar power production.
The World Trade Organization had ruled against India's domestic content policy for solar cells and modules; India appealed the ruling in a bid to keep DCR rules in place for government procurement. The case against India was originally filed in 2013, following the announcement of DCR in JNNSM Phase II policy and after India decided to file an antidumping case against the U.S., China, Malaysia and Taiwan.
The World Trade Organization had ruled against India's domestic content policy for solar cells and modules; India appealed the ruling in a bid to keep DCR rules in place for government procurement. The case against India was originally filed in 2013, following the announcement of DCR in JNNSM Phase II policy and after India decided to file an antidumping case against the U.S., China, Malaysia and Taiwan.
Most Upvoted Answer
The term 'Domestic Content Requirement' is sometimes seen in t...
Domestic Content Requirement in the context of developing solar power production in our country refers to the policy that mandates a certain percentage of solar equipment used in the production process must be domestically produced. This policy is aimed at promoting indigenous manufacturing and reducing dependence on imports.
Explanation:
Domestic Content Requirement (DCR) is a policy tool used by governments to encourage local industries to grow and reduce dependence on imports. In the context of solar power production, DCR mandates that a certain percentage of solar equipment used in the production process must be domestically produced. This policy is aimed at promoting indigenous manufacturing and reducing dependence on imports.
The DCR policy is implemented through various measures such as tax incentives, subsidies, and procurement policies. The policy requires solar power producers to source a specific percentage of solar equipment from local manufacturers. For example, if the DCR policy mandates that 50% of solar equipment must be domestically produced, then the solar power producer must source half of the solar equipment from local manufacturers.
Benefits of Domestic Content Requirement:
1. Promotes Indigenous Manufacturing: The DCR policy promotes indigenous manufacturing by creating demand for locally produced solar equipment. This, in turn, creates job opportunities and helps in the development of local industries.
2. Reduces Dependence on Imports: The DCR policy reduces dependence on imports by mandating a certain percentage of solar equipment to be domestically produced. This not only saves foreign exchange but also reduces the risk of supply chain disruptions.
3. Encourages Innovation: The DCR policy encourages innovation by promoting competition among domestic manufacturers. This, in turn, leads to the development of new technologies and products.
4. Supports Renewable Energy: The DCR policy supports the growth of renewable energy by promoting the use of domestically produced solar equipment. This, in turn, helps in reducing greenhouse gas emissions and mitigating the impact of climate change.
Conclusion:
The Domestic Content Requirement policy is a useful tool for promoting indigenous manufacturing and reducing dependence on imports. In the context of solar power production, DCR can help in the development of local industries, reduce foreign exchange outflows, and support the growth of renewable energy.
Explanation:
Domestic Content Requirement (DCR) is a policy tool used by governments to encourage local industries to grow and reduce dependence on imports. In the context of solar power production, DCR mandates that a certain percentage of solar equipment used in the production process must be domestically produced. This policy is aimed at promoting indigenous manufacturing and reducing dependence on imports.
The DCR policy is implemented through various measures such as tax incentives, subsidies, and procurement policies. The policy requires solar power producers to source a specific percentage of solar equipment from local manufacturers. For example, if the DCR policy mandates that 50% of solar equipment must be domestically produced, then the solar power producer must source half of the solar equipment from local manufacturers.
Benefits of Domestic Content Requirement:
1. Promotes Indigenous Manufacturing: The DCR policy promotes indigenous manufacturing by creating demand for locally produced solar equipment. This, in turn, creates job opportunities and helps in the development of local industries.
2. Reduces Dependence on Imports: The DCR policy reduces dependence on imports by mandating a certain percentage of solar equipment to be domestically produced. This not only saves foreign exchange but also reduces the risk of supply chain disruptions.
3. Encourages Innovation: The DCR policy encourages innovation by promoting competition among domestic manufacturers. This, in turn, leads to the development of new technologies and products.
4. Supports Renewable Energy: The DCR policy supports the growth of renewable energy by promoting the use of domestically produced solar equipment. This, in turn, helps in reducing greenhouse gas emissions and mitigating the impact of climate change.
Conclusion:
The Domestic Content Requirement policy is a useful tool for promoting indigenous manufacturing and reducing dependence on imports. In the context of solar power production, DCR can help in the development of local industries, reduce foreign exchange outflows, and support the growth of renewable energy.
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The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer?
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The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer?.
The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:a)Developing solar power production in our countryb)Granting licences to foreign T.V. channels in our countryc)Exporting our food products to other countriesd)Permitting foreign educational institutions to set up their campuses in our countryCorrect answer is option 'A'. Can you explain this answer?.
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