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 Petroleum 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 Corporations 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 Committee 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 Inflation-Indexed Bonds (IIBs) 194 Schemes/Programmes Related with Employ- Development, Poverty Alleviation and ment and Poverty Alleviation Employment Generation Programmes 196 Schemes/Programmes Related with Health in India and Sanitation 170 Pradhan Mantri Adarsh Gram Yojana 198 Schemes/Programmes Related with Electri- 171 Deendayal Antyodaya Yojana—NRLM fication 171 Mahatma Gandhi National Rural Employment 200 Schemes/Programmes Related with Pilgrim- Guarantee Scheme (MGNREGS) age and Tourism 172 Wage Rates under MGNREGA Raised 201 Other Schemes/Programmes Launched by 172 Pradhan Mantri Gram Sadak Yojana Central Government (PMGSY) India in Global Indexes 173 Integrated Watershed Management Program- 206 India Ranked 133rd in World Happiness me (IWMP) Index, 2018 173 National Food Security Scheme-2013 206 India Falls Two Slots on Corruption Percep- 175 Deen Dayal Antyodaya : National Urban tion Index, 2017 Livelihoods Mission (DAY-NULM) 206 India Ranks Ninth in Terms of Market Perfor- 175 Antyodaya Anna Yojana (AAY) mance 2018 175 Annapurna Scheme 206 WEF Ranks India at 62nd Place on Inclusive 175 Various Women–oriented Schemes of State Development Index, 2018 Governments 207 India Slips to 7th Position on the Business 176 National Rural Health Mission (NRHM) Optimism Ranking 176 National Urban Health Mission (NUHM) 207 India’s 57th Rank in Global Innovation Index, 176 Prime Minister’s Employment Generation 2018 Programme (PMEGP) 208 Indian Ranks 44th in World Competitiveness 177 Rural Drinking Water Ranking 2018 177 National Social Assistance Programme 208 India Slips to 11th Spot in FDI Confidence 177 Kasturba Gandhi Balika Vidyalaya (KGBV) Index 2018 177 Aam Admi Bima Yojana (AABY) 208 India Ranks 81st on Global Talent Competi- 178 Jawaharlal Nehru National Urban Renewal tiveness Index, 2018 Mission (JNNURM) 209 India is Now the Second-Largest Internet 178 Indira Gandhi Matritva Sahyog Yojana Market in the World (IGMSY) 209 India Ranks 130th in Economic Freedom 178 Pratibha Kiran Yojana Index, 2018 178 Rajeev Gandhi Scheme for Empowerment of 210 India Ranks 143 Among 188 Countries in Adolescent Girls—SABLA Health Study 178 Rajeev Gandhi Shramik KalyanYojana 210 India Ranks 137th on Global Peace Index 178 Members of Parliament Local Area Develop- 2018 ment Scheme (MPLADS) 179 Sarva Shiksha Abhiyan 211 Global Economic Prospects Report, 2017 179 Mid-Day Meal Scheme for School Children 211 Sustainable Development Goals Index, 179 Rashtriya Madhyamik Shiksha Abhiyan 2017 : India Ranked 116th of 157 Countries 180 Rashtriya Uchchatar Shiksha Abhiyan 212 India Ranks 103rd on Global Human Capital 181 The Unorganised Workers’ Social Security Index, 2017, Ahead of Bangladesh and Act 2008 Pakistan 212 India at 8th Spot in m-Cap Rankings Latest Schemes/Programmes of Cen- 212 India’s 100th Rank in Doing Business Report, tral Government 2018 181 Schemes/Programmes Related with Banking 213 India Slipped 45 Points in Global Hunger and Insurance Index-2017 Since 2014 184 Schemes/Programmes Related with Agri- 214 India Falls to 138th Rank in World Press culture and Rural Development Freedom Index, 2018 189 Schemes/Programmes Related with Housing 214 India Falls 21 Places in Global Gender Equality and Urban Development Report, Ranks 108 in 144-Nation List
Econ. / 12 215 India Ranks Second in EY Renewable List 235 200 SEZs Likely to be Exempt from 18·5% 215 India Jumps 12 Spots in WEF’s Global Travel MAT and Tourism Ranking 2017 236 Export Development Centres 215 India up One Place on Per Capita GDP Terms 236 Liberalisation of Foreign Investment Policy to 126, Qatar Tops the List : IMF Report 236 FDI Norms Liberalised 216 India Ranks 177 out of 180 in Environmental 237 ‘Invest India’ Constituted to Promote FDI Performance Index, 2018 237 India Allows FDI from Pakistan 216 India’s 14th Rank in the Climate Change 237 FIPB Abolished Performance Index (CCPI) 237 Government Relaxes FDI Norms for NRIs, 217 India Ranks 44 Out of 50 Nations in Global IP PIOs, OCIs Index, 2018 238 FDI Rules Liberalized in Single-Brand, Civil Policy Initiatives Aviation, Construction and Power Exchanges 218 National Mineral Policy 2008 238 FDI Growth Rate Hits 5-year Low in 2017-18 218 National Textile Policy, 2000 : Govt. Sources 218 National Manufacturing Policy, 2011 238 India Remains World’s Top Remittance Recipi- 219 New Telecom Policy 2012 Provides Nation- ent Country in 2017 : World Bank wide Free Roaming 239 APEDA to Focus on Fruits and Vegetables 219 National Mineral Exploration Policy 2016 239 International Trade in Agriculture and Allied 220 New Mining Policy, 2016 Services 221 National Capital Goods Policy 2016 240 Foreign Exchange Reserves in India 221 India’s Foreign Trade Policy 2015-20 240 RBI Relaxes FEMA Norms for Individuals 222 Mid-Term Review of Foreign Trade Policy 240 Foreign Exchange Management Act (FEMA) 2015-20 240 Money Laundering Prevention Act 223 New National Aviation Policy 2016 240 The Prevention of Money-Laundering (Amendment) Act, 2012 Notified 223 National Intellectual Property Rights Policy, 2016 241 India’s External Debt Went Up 12·4% to $ 529·7 Billion in March 2018 224 Comprehensive New Urea Policy, 2015 242 NEER and REER 224 New National Steel Policy 2017 Transport and Communications 225 New Metro Rail Policy, 2017 225 Strategic Partnership Model, 2017 243 Railways 226 Public Procurement Policy, 2017 for Local 244 Introduction of LHB Coaches Goods 244 Indian Railway Catering & Tourism Cor- poration (IRCTC) 226 Major Policy Initiatives for Increasing Share of Renewable Energy in Total Installed Capacity 245 Indian Transport Sector : An Overview 245 Konkan Railway Plan 227 New Public-Private Partnership Policy for 245 India to Join Trans-Asian Rail Network Affordable Housing 2017 246 Rail Tourism 227 National Policy on Biofuels-2018 246 Indian Railways High Speed Trains 227 “Digi Yatra” Central Platform, 2018 246 India’s Maharajas’ Express Among Top Rated Foreign Trade and Balance of Pay- Trains Globally ments 247 Wi-Fi Services at 100 Railway Stations 247 International North-South Transportation 229 Volume of India’s Foreign Trade Corridor (INSTC) for Better Indo-Russian 229 India’s Foreign Trade (2017-18) Connectivity Inches Towards Reality 231 Composition of Trade 247 Rail Development Authority 231 Direction of Trade 248 Bio-toilets in All Trains 232 Agricultural Export Zones 248 Road Transport 248 National Highway Development Project 233 US Emerges as Top Export Destination for (NHDP) India 249 Central Road Fund Changed as Central Road 233 India’s Balance of Payments During 2017-18 and Infrastructure Fund 234 India’s Electronics Market may Cross $ 400 249 Public Private Partnership in Road Projects Billion by 2020 249 Rural Roads 234 Special Economic Zone Act, 2005 250 New Rules for Greening National Highways 234 SEZ Norms Liberalised (2013-14) 250 World Bank Grants $ 500 million for All- 235 Tarapore Committee’s Report on Full Con- Weather Rural Roads Using Green Technolo- vertibility of Rupee gies
Econ. / 14 250 ‘Bharatmala’ : A Mega Project of Highways Economic Planning in India Development 291 State Level Reforms 251 Setu Bharatam Programme 292 History of Planning in India 251 New Number of National Highways 292 NITI Aayog Replaced Planning Commission 251 Water Transport 293 First Five Year Plan 252 Maritime Agenda for the Decade 2010-20 293 Second Five Year Plan 252 Private Sector Participation in Ports 293 Third Five Year Plan 252 Setusamudram Ship Channel Project 294 Three Annual Plans 253 Sagarmala Project 294 Fourth Five Year Plan 253 ‘Smart Port Cities’ : An Ambitious Plan of GoI 294 Fifth Five Year Plan 253 Tamil Nadu to Get 4th Major Port 294 Sixth Five Year Plan 253 Odisha to Develop a Port in Puri 295 Seventh Five Year Plan 253 Satellite Cargo Ports Planned at Surat, 295 Eighth Five Year Plan Wardha, Aurangabad 296 Ninth Five Year Plan 254 National Waterways Act, 2016 296 Tenth Five Year Plan 254 Air Transport 297 India Vision–2020 255 Airport Infrastructure 297 Eleventh Plan (2007–12) 255 Government Approved ` 4,500 crore Project 298 Vision of 12th Five Year Plan (2012–17) to Revive 50 Airports, Airstrips 298 India’s Ambitious 15-Year Vision Plan 255 Construction of Greenfield Airports Three Year Action Agenda of NITI Aayog 256 GAGAN Project 256 Regional Air Connectivity Scheme (RCS) 299 Medium-term Revenue and Expenditure 256 India’s First Hi-speed Rural Broadband Net- Framework work Commissioned 300 Economic Transformation in Major Sectors 256 Hyderabad, India’s First 1 Gbps-enabled City Agriculture : Doubling Farmers’ Incomes 257 Sanchar Shakti 300 Remunerative Prices for Farmers 257 USOF 301 Raising Productivity 257 India is Now the Second-Largest Internet 301 Trade, Industry and Services Creating Well- Market in the World paid Jobs 257 Audio Tax 301 The Critical Rate of Exports 257 Voice Mail 301 Coastal Employment Zones (CEZs) in 257 Mobiles Industry to Make 8·2% of GDP by 2017-18 2020, from 6·5% Now 302 Labour Law Reforms 258 RERA Effective from May 1, 2017 302 Food Processing 259 Logistics Sector Granted Infrastructure Status 303 Actions in Specific Services Sectors Public Finance 303 Financial Services 303 Tourism, Culture and Soft Power 260 Financial Relations between Centre and 303 Soft Power States 304 Real Estate 261 Finance Commission 304 Regional Development/Urban Development 261 Consolidated Funds of India and of the States 305 Coastal Regions and Islands 261 Public Accounts of India and of the States 306 Desert and Drought Prone Areas 261 Contingency Fund 307 Growth Enablers 261 Fourteenth Finance Commission Recom- 307 Social Sector mendations 263 Fifteenth Finance Commission Constituted International Organisations 264 Recommendations of Chelliah Committee on 308 International Monetary Fund (IMF) Tax Reforms 309 International Bank for Reconstruction and 264 Swachh Bharat Cess of 0·5% on Taxable Development (IBRD) Services 311 International Finance Corporation (IFC) 265 GST Rolled Out Finally 311 International Development Association (IDA) 266 National Anti-Profiteering Authority Set-up 311 Multilateral Investment Guarantee Agency 266 4-tier Tax Slab Under GST 267 GST Council Fixes 4-Rate Structure 311 International Centre for Settlement of Invest- ment Disputes 268 Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 Introduced in 312 General Agreement on Tariffs and Trade Lok Sabha to Unearth Black Money (GATT) 269 Economic Survey 2017-18 312 GATT Rounds 283 Union Budget, 2018-19 312 Uruguay Round and Dunkel Proposals
Econ. / 16 312 World Trade Organisation (WTO) 319 G-20 313 Important International Organisations : A View 319 G-77 314 United Nations Conference on Trade and 319 Organisation for Economic Co-operation and Development (UNCTAD) Development (OECD) 315 Asian Development Bank (ADB) 319 European Economic Community (EEC) or 315 Asian Infrastructure Investment Bank European Common Market (ECM) 316 International Fund for Agricultural Development 320 Brexit (IFAD) 320 European Free Trade Association (EFTA) 316 SAARC Summit : When & Where ? 320 North American Free Trade Agreement 316 South Asian Association for Regional Co- operation (SAARC) (NAFTA) 316 South Asian Free Trade Area (SAFTA) 320 Asia Pacific Economic Co-operation (APEC) 317 Association of South-East Asian Nations 321 Mercosur (ASEAN) 321 Indian Ocean Rim Association for Regional 317 ASEAN Summits Co-operation (IORARC) 317 Organisation of the Petroleum Exporting Coun- 321 Food and Agriculture Organisation (FAO) tries (OPEC) 321 BRICS Nations Agree to Trade in Own 318 The G-5 Summit Currencies 318 G-7 322 Glossary 318 G-15 333 Objective Questions
The concurrence of the views of the Editor is not necessary for any matter or figure published in Pratiyogita Darpan.
Econ. / 17