Some Aspects of Indian Economy Mineral Resources of India Forest
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19 Editorial 86 India’s Fourth Rank in Wind Power in World 20 Indian Economy : A Few Facts : At A Glance 86 Green Power Capacity Addition During 2017-18 29 Important Facts Related to Indian 87 ‘UDAY’ for Financial Turn around of Power Economy Distribution Companies 68 Nobel Prize Winners in Economics 87 Ultra Mega Power Projects (UMPPs) 69 Appointments Forest Resources of India Some Aspects of Indian Economy 89 Forest Cover in States/UTs in India : 2017 National Income of India 70 Underdeveloped Country 90 Concepts of National Income 70 India World’s Sixth Largest Economy at $ 2·6 91 Provisional Estimates of Annual Income, 2017- Trillion : IMF 18 70 Salient Features of Indian Economy 92 GDP Estimates for the First Quarter (April- 71 Important Infrastructural Components in June) of 2018-19 India 93 Estimates of National Income in India 72 Nature of Unemployment in India Population 73 Woman Labour in India 93 Population Touches 1·21 billion Level, but 73 Human Development Index 2017 : Rising Growth Rate Declines in Census 2011 Inequalities 94 Census 2011 : Some Facts 75 Employment in 8 Key Sectors Estimated at 96 Final Population Data 2011 205·22 Lakh 97 Socio-Economic & Caste Census 2011 ` ` 75 New Poverty Line : 32 in Rural Areas, 47 99 Religion Based Census 2011 in Urban Areas 100 Religionwise Child Sex-Ratio and Literacy 77 Poverty in India Rate : 2011 78 34% Jump in Job Growth in 8 Years : Sixth 102 National Commission on Population Economic Census 2013 102 Population Policy 2000 78 Universal Basic Income 103 Janasankhya Sthirata Kosh (JSK) 78 Task-force for Identification of Poor 103 Occupational Classification 79 India’s Poverty Rate at 12·4% in 2011-12 : 103 UN Project 9·6 billion World Population by 2050 World Bank’s Revised Poverty Line US $ 1·9 103 Family Welfare 80 India Human Development Report 2011 104 National Family Health Survey-4 (2015-16) 81 Guidelines Changed for New BPL Census 104 Probability of Death by NCDs High in India : 81 Concept of Hunger WHO 81 Multidimensional Poverty Index 105 Language Census 2011 : Hindi Speakers Maximum in Number Mineral Resources of India Agriculture 82 Key Highlights of India’s Mineral Sector (As 107 Acreage under Kharif and Rabi Crops shown in India 2018) 108 Mission 2022 : The Challenges of Doubling 84 The Mines and Minerals (Development and Indian Farmers’ Incomes in Five Years Regulation) Amendment Act, 2016 109 Computation of Minimum Support Price for 84 Commercial Sources of Energy Agriculture Crops 85 Non-conventional Sources of Energy 109 Minimum Support Prices (MSP) and Bonus for 86 NHDC to set-up 100 MW Wind Power Plant Kharif Crops of 2018-19 Season Econ. / 6 110 Govt. Hikes Sugarcane Price by ` 20/Quintal 126 Registered MSMEs Cross 48 Lakh 110 Food Management in India 126 India’s Industrial Output to Expand 5-6% in 110 Food Subsidy 2018-19 : CARE Ratings Report 111 Organic Farming 126 Agro & Rural Industries 111 Major Crops and their Seasons 127 National Manufacturing Competitiveness 111 Horticulture Programme 111 Horticulture Crop Output Seen at Record 127 Cotton and Textiles Industry 306·8 million tonnes in 2017-18 128 Important Industries 112 Land Use 128 Iron and Steel Industry 112 Plantation Sector 129 India Bags Second Position in Crude Steel 113 Commercial Crops Production, Output up by 3·4% 113 Land Reforms Programmes 130 Sugar Industry 113 TRIFED 113 NAFED 130 Fertilizer Industry 113 ISOPOM 130 Cement Industry 114 Agriculture Marketing 131 Jute Industry 114 e-NAM : National Agriculture Market 131 E-Tourist Visa Facility 114 Agriculture Holdings 131 Coal Industry 115 New National Agricultural Policy 132 Sericulture and Silk Industry 115 Green Revolution in India 132 Petroleum Industry 115 Call for Evergreen Revolution 133 India’s Crude Oil Refining Capacity 115 Decentralized Procurement Scheme (DCP) 133 Marketing and Distribution of Petro leum 116 Animal Husbandry & Dairy : Highlights Products 116 Seed Bank 134 Coal Bed Methane 116 White Revolution and Operation Flood in India 134 India Hydrocarbon Vision 2025 117 Fisheries Sector 134 Green Fuels 117 National Livestock Mission (NLM) 135 More Power to Maharatna and Navratna 117 Yellow Revolution PSUs for Overseas Buyouts 117 Use of Fertilizers 118 Fertilizer Consumption 135 ‘Maharatna’ and ‘Navratna’ Companies 118 Rainfed Agro-Ecologies 135 Mini Ratna Scheme 118 Irrigation 135 17 Sick Central PSUs Set to be Closed Down 118 National Rainfed Area Authority (NRAA) 136 Govt. Clears Revised Norms for Time-Bound 119 New System of Irrigation Sprinkler/Drip Closure of Sick PSUs Irrigation 136 Central Public Sector Enterprises Survey 119 Agricultural Credit 2016-17 119 Commodity Future Market 137 Committee on Public Undertakings 119 Agriculture Trade 137 Department of Disinvestment Renamed as 119 Agriculture Trade : WTO Agreements ‘DIPAM’ 120 Flow of Agricultural Credit 137 New Competition Act, 2013 121 Interest Subvention Scheme for Crop Loans 2016 138 Competition Commission of India Becomes 121 Kisan Credit Card Scheme Operational 138 CCI’s Approval Required for Companies Industry Mergers and Acquisitions 122 New Industrial Policy 138 “Launch of GeM Samvaad : The GeM-Indus- 123 IIP-Based Industrial Performance try Forum” 124 Base Year of Index of Industrial Production 139 National Labour Commission Revised from 2004-05 to 2011-12 Money and Banking 124 Govt. Scraps MSME Exclusive Items List 124 Micro, Small & Medium Enterprises 140 Different Stages of the Development 125 Micro, Small & Medium Enterprise Develop- of Indian Banking ment Act, 2006 140 Reserve Bank of India 125 Various Schemes for Boosting MSMEs 141 RBI Decides to Circulate ‘Plastic Notes’ ` ` 125 Government Changing Definiton of MSMEs 142 Demonetisation of 500 and 1000 Notes : to be in Sync with GST Surgical Strike on Black Money Econ. / 8 143 Govt. Starts Re-printing of Re. 1 Note from 156 MIBOR and MIBID Two New Reference Rates January 1, 2015 of National Stock Exchange 143 Composition of Banking System in India 156 Two New Share Price Indices for Mumbai 143 Quantitative and Qualitative Credit Control Share Market 143 Selective Credit Control 157 Commodity Futures Market 144 Fourth Monetary Policy Review, 2018-19 157 Commodity Exchanges of India 144 Over ` 11,000 crore Capital Infusion in Five 157 Universal Commodity Exchange PSBs 144 Commercial Banks in India (April 1, 2018) 158 BSE Launches ‘Shariah Index’ 145 SBI Launched India’s First Start-up Focussed 158 India’s First International Exchange-India Bank Branch SBI Incube INX-at GIFT City in Gujarat 145 21 PSU Banks Lost ` 25,775 crore in Bank 158 Securities and Exchange Board of India Frauds in 2017-18 (SEBI) 146 RBI’s New Bad Loan Rules for Loan Recovery 159 BSE Launches Index-based Circuit Breaker 146 BASEL-III Became Effective w.e.f. January System 2013 159 EPFO to Start Investing in Stock Markets 147 RBI Replaces Base Rate System by MCLR 160 Depository System in India System 160 Small Industries Development Bank of India 147 “Pockets”—ICICI Bank’s Answer to Payment (SIDBI) Banks 160 Industrial Investment Bank of India Ltd. (IIBIL) 147 RBI’s Monetary Policy Committee Constituted 161 State Industrial Development Corpo rations 147 Govt. Must Reduce Stake in Public Sector (SIDCs) Banks to Below 50% : Nayak Committee Report 161 National Equity Fund Scheme 148 RBI Gives in-principle Licence for 11 Payment 161 State Finance Corporations Banks 161 Unit Trust of India (UTI) 148 Chandrababu Naidu Committee’s Report on 161 Export-Import Bank of India (EXIM Bank) Promoting Digital Payment 162 National Housing Bank (NHB) 149 RBI Grants in-principle Licence to 10 Entities 163 National Bank for Agriculture and Rural for Small Finance Bank Development (NABARD) 149 MUDRA Bank 163 India Infrastructure Finance Company Ltd. 150 Project ‘SASHAKT’ for the Resolution for (IIFCL) Stressed Assets with PSU Banks 163 Rural Infrastructure Development Fund 150 RBI Releases Guidelines for ‘on tap’ Licens- ing of Universal Banks in the Private Sector 163 Establishment Years of Major Financial Institutions in India 150 RBI Launches ‘Sachet’ Portal to Check Illegal Money Collection 164 Agriculture and Rural Development Banks 151 Top PSU Banks Sign Inter-Creditor Agree- 164 Insurance Industry in India ment 164 Reforms in Insurance Sector 151 RBI Issues Charter of Customer Rights 164 Insurance Penetration 152 ‘iWatch’ Banking 165 RBI Gives in-Principle Nod to LIC for Acquiring 152 Foreign Bank’s Operation in India Majority Stake in IDBI Bank 152 Indian Banks Abroad 166 General Insurer’s Public Sector Association 152 Co-operative Banks of India (GIPSA) 153 District Central Co-operative Bank (DCCB) 166 Agriculture Insurance Company of India 153 Regional Rural Banks Limited (AICIL) 153 Parliament Passed Regional Rural Banks 166 Recommendations of Malhotra Com mittee for (Amendment) Bill, 2014 Improving Insurance Sector 154 SBI Launches ‘No Queue App’ for Customers 167 Inflation 154 Debt Recovery Tribunals 168 Introduction of New Series of CPI (R + U) 154 Capital Adequacy Ratio Standards for Banks and Non-banking Financial Institutions 168 CPI Basket Weights Revised, Base Year Changed from 2010 to 2012 155 Damodaran Committee Submits Report on Reforms in Banking Services 168 Producer Price Index 155 Report of Financial Sector Legislative Reforms 169 Deflation Commission 169 Money Stock Measures in India 156 Capital Market 170 Cheap Money Policy and Dear Money Policy Econ. / 10 170 Inflation Indexed Bonds No Special Tax Sops 190 Schemes/Programmes Related with Techno- for Investors logy, Education and Skill Development 170