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  • May 11, 2018
  • 1📹 Expected Questions on Economics 2018 – Part 2 (Set - 3) [ Eco. ]

    👌 Subhash Chandra Garg Committee to regulate fintech sector - To look into the development and regulation of the financial technology (fintech) sector in India. It will be headed by Economic Affairs Secretary Subhash Garg.

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  • 2📹 Expected Questions on Economics 2018 – Part 2 (Set - 2) [ Eco. ]

    👌 Export of Marine Food Products: Gujarat is the top producer, Andhra Pradesh is the second largest producer, In addition, Goa is the third largest producer, Among the union territories, Andaman and Nicobar and Dam and Diu are also important producers.

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  • 3📹 Expected Questions on Economics 2018 – Part 2 (Set - 1) [ Eco. ]

    Credit Lines Pact Signed by Five Banks of BRICS Nations - BRICS Interbank Cooperation Mechanism (ICM) Banks agreed to establish and cooperate on local currency credit lines. Allows 5 banks to extend credit lines in local currencies to: BRICS ICM members, BRICS companies against g…

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  • May 9, 2018
  • 1📹 Expected Questions on Economics 2018 – Part 1 (Set - 3) [ Eco. ]

    Government Steps to Boost Digital Transactions - Cabinet to give a shot in the arm to Digital India, Approved several steps like taking brunt of Merchant Discount Rate (MDR) on all debit card/BHIM UPI/AePS transactions up to a value of Rs. 2, 000 (small transactions).

    • Move encou…

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  • 2📹 Expected Questions on Economics 2018 – Part 1 (Set - 2) [ Eco. ]

    Aadhaar to be linked to driving licence - Union Minister for Electronics and Information Technology announced that the Union government would now link Aadhar with driving license. Why to link Aadhar? : To help check the menace of multiple licenses.

    • Considering Aadhaar as a safe …

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  • 3Important Topics for Economics - 2018 [ Eco. ]

    RBI’s Demonetization Data Report, Centre Set Up Panel to Suggest on New Jobs, Case of Bank’s independence in monetary policy making, Focus on ‘Impactful’ Smart City Projects: Centre, Need of labour reforms in India.

    •NITI Aayog’s report on ease of doing business in India

    •A trou…

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  • 4📹 Expected Questions on Economics 2018 – Part 1 (Set - 1) [ Eco. ]

    📝 RBI’s Demonetization Data Report - Almost all demonetized notes returned to the central bank. Banks received Rs. 15.28 lakh crore out of the total Rs. 15.4 4 lakh crore. Total currency in circulation is about Rs. 2 lakh crore short of the pre - demonetisation period.

    • Does not …

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  • May 3, 2018
  • 1National Financial Reporting Authority- New Regulator to Discipline Auditors [ CA Upd. ]

    As part of the government’s effort to strengthen oversight of the audit profession, the Union Cabinet established an independent regulator- National Financial Reporting Authority (NFRA), which can investigate both chartered accountants and their firms.

    Image of National Financial Reporting Authority

    Image of National Financial Reporting Authority

    Image of National Financial Reporting Authority

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  • Apr 1, 2018
  • 1 What is Central Consumer Protection Authority? Provisions in Consumer Protection Bill (Important) [ Eco., Bills ]

    The Consumer Protection Bill, 2018 was introduced by the Minister of Consumer Affairs, Food, and Public Distribution on January 5, 2018 to replace the Consumer Protection Act, 1986. A Consumer Protection Bill was first introduced in 2015, but was withdrawn post the introduction o…

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  • Mar 28, 2018
  • 1📹 Economic Survey 2018 - Vol. 2, Ch.8: Industry and Infrastructure [ Eco. ]

    Industry - Several industry specific reform initiatives taken by the Government since 2014 have significantly improved the overall business environment in the country. 📹 📝 Some of the reforms are

    • implementation of the Goods and Services Tax

    • Insolvency and Bankruptcy Code

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  • 2Economic Survey 2018 - Vol. 2, Ch. 10: Social Infrastructure, Employment and Human Development [ Eco. ]

    As India is poised to grow as one of the leading knowledge economies, education, skill development and health will remain priorities for the Government. Trends in social sector expenditure - Public investment in social infrastructure like education and health is critical in the d…

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  • 3Economic Survey 2018 - Vol. 2, Ch. 9: Service Sectors [ Eco. ]

    International comparison - Services export growth, both for World and India, which had dipped to negative territory in 2015, returned to positive territory in 2016. As per the latest World Trade Organization (WTO) data for first half of 2017, services export growth for the World …

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  • 4Economic Survey 2018 - Vol. 2, Ch. 7: Agriculture and Food Management [ Eco. ]

    The declining share of agriculture does not undermine the significance of the sector for employment, livelihood and food security. With structural changes in agriculture, there is greater scope to broaden the range of activities related to agriculture to improve productivity and …

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  • 5Economic Survey 2018 - Vol. 2, Ch. 6: External Sector [ Eco. ]

    Global economic environment: International Developments - The global economy is gathering pace and is expected to accelerate from 3.2 % in 2016 to 3.6 percent in 2017 and 3.7 percent in 2018 which reflects an upward revision of the earlier projections by the IMF.

    • World trade vo…

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  • 6Economic Survey 2018 - Vol. 2, Ch. 5: Sustainable Development, Energy and Climate Change [ Eco. ]

    Sustainable development goals -UN Sustainable Development Goals (SDGs) adopted by the international community in September, 2015 comprehensively covers social, economic and environmental dimensions and build on the Millennium Development Goals (MDGs).

    • The SDGs constitute a unive…

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  • Mar 27, 2018
  • 1Economic Survey 2018 - Vol. 2, Ch. 4: Prices and Inflation [ Eco. ]

    The economy witnessed a gradual transition from a period of high and variable inflation to more stable prices in the last four years. Headline inflation measured by the Consumer Price Index (CPI) has remained under control for the fourth successive year.

    Headline inflation rate …

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  • 2Economic Survey 2018 - Vol. 2, Ch. 3: Monetary Management and Financial Intermediation [ Eco. ]

    Monetary Developments during 2017 - 18. Monetary policy during 2017 - 18 was conducted under the revised statutory framework, which became effective from August 5, 2016. Accordingly, the Reverse Repo Rate under the Liquidity Adjustment Facility (LAF) stands at 5.75%, and the Marg…

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  • 3Economic Survey 2018 - Vol. 2, Ch. 2: Review of Fiscal Developments [ Eco. ]

    The firm footing afforded by the Government to unleash tax reforms in the current year could be perused from the Charts Most fiscal indicators-revenue buoyancy, expenditure quality, devolution and deficits improved discernibly in the last three years.

    Image of Fiscal indicators as percentage of GDP

    Image of Fiscal indicators as percentage of GDP

    Image of Fiscal indicators as percentage of GDP

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  • 4📹 Economic Survey 2018 - Vol. 2, Ch. 1: an Overview of India’S Economic Performance in 2017-18 [ Eco. ]

    GDP growth in 2017 - 18 - With Gross Domestic Product (GDP) growth averaging 7.5 % between 2014 - 15 and 2016 - 17. India can be rated as among the best performing economies in the world on this parameter.

    • Growth is expected to decline to 6.5 % in 2017 - 18, bringing the 4-year …

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  • Feb 19, 2018
  • 1📹 Budget 2018 – Key Highlights [ Eco. ]

    Budget for Agriculture and Rural areas - The MSP for all unannounced kharif crops to be atleast one and half times of their production cost. Prime Minister Krishi Sampada Yojana is a flagship program for boosting investment in food processing.

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  • Feb 8, 2018
  • 1📹 Economic Survey 2018 - Vol. 1, Ch. 9: Ease of Doing Business’ Next Frontier: Timely Justice [ Eco. ]

    Introduction - India jumped thirty places to break into the top 100 for the first time in the World Bank’s Ease of Doing Business Report (EODB), 2018. The rankings reflect the government’s reform measures on a wide range of indicators.

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  • 2Economic Survey 2018 - Vol. 1, Ch. 8: Transforming Science and Technology in India [ Eco. ]

    Why Science - 📝 Science, technology, and innovation have instrumental and intrinsic value for society. They are key drivers of economic performance and social well-being. They are also important for deeper reasons:

    • a scientific temper, with its spirit of enquiry,

    • the primacy ac…

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  • 3Economic Survey 2018 -Vol.1, Ch.7: Gender & Son Meta-Preference: is Development Itself an Antidote? [ Eco. ]

    Introduction - The intrinsic values of gender equality are uncontestable. There is growing evidence that there can also be significant gains in economic growth if women acquire greater personal agency, assume political power and attain public status, and participate equally in th…

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  • 4📹 Economic Survey 2018 - Vol. 1, Ch. 6: Climate, Climate Change, and Agriculture [ Eco. ]

    📹 Introduction- The last few seasons have witnessed a problem of plenty: farm revenues declining for a number of crops despite increasing production and market prices falling below the Minimum Support Price (MSP).

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    Earth Summit & Conventions: 3 Aspects - Cl…

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  • 5Economic Survey 2018 - Vol. 1, Ch.5: Is there a “Late Converger Stall” in Economic Development? [ Eco. ]

    Introduction- Economic convergence, the process of poorer countries “catching-up” with richer countries and closing gaps in standards of living, has been a big driver of some of these developments.

    • Since the mid-1980s, the process of catch-up has broadened; the rate of catch-up …

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  • 6Economic Survey 2018 - Vol. 1, Ch.4: Reconciling Fiscal Federalism & Accountability [ Eco. ]

    What is taxation? - Taxation is not just for raising state revenue but can be critically important for economic and political development. Taxation is the economic glue that binds citizens to the state in a necessary two-way relationship.

    Direct taxes and Indirect taxes

    • Direct …

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  • 7Economic Survey 2018 -Vol. 1, Ch.3: Investment & Saving Slowdowns & Recoveries: Insights [ Eco. ]

    Investment (gross fixed capital formation) rate and gross domestic saving rate, at present are actually above the levels that prevailed throughout the 1990s. The investment decline has been so gradual, the magnitude of the shortfall so far is relatively less severe – it remains a…

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  • 8Economic Survey 2018 - Vol.1,Ch.2: a New,Exciting Bird’S-EYE View of Indian Economy Through the GST [ Eco. ]

    As an information repository, the Goods and Services Tax (GST) embodies and heralds a radical alteration and enlargement in the understanding of the Indian economy. The distribution of the GST base among the states is closely linked to their Gross State Domestic Product (GSDP)

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  • 9📹 Economic Survey 2018 - Vol.1, Ch. 1:State of the Economy: Analytical Overview and Outlook for Policy [ Eco. ]

    Overview: short term: - 1. GST 📹. The past year has been marked by some major reforms. The transformational Goods and Service Tax (GST) was launched in July 2017. With a policy change of such scale, scope, and complexity, the transition unsurprisingly encountered challenges of po…

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  • Feb 8, 2018
  • 1The Economic Survey - 2018 [ Eco. ]

    The Economic survey can be divided in to 2 volumes. The details of each and every chapter will be covered in detailed in separate sections. These are really important for your answer writing as some of the questions are directly clear from the sections for example, cooperative co…

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  • Dec 28, 2017
  • 1📹 Insolvency & Bankruptcy Code & IBBI (Current Affairs / GS 2017-18) - WW.51 [ Eco. ]

    Next Week! ! Bharatmala Pariyojana: 👌 What is Insolvency, Bankruptcy & Liquidation? , Types of Loans? , 👌 What is NPA? , Need for a Code & Board? Single law for insolvency & bankruptcy.

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  • Sep 6, 2017
  • 1 Textile Industry in India: Institutional Mechanism for Textiles Sector (Important) [ Eco. ]

    Ministry of Textiles set up institutional mechanisms to enable textile industry achieve full potential of production, exports and employment. To implement key recommendations emerging from the deliberations at Textiles India Ministry of Textiles set up the following institutional…

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  • 2 Indian Nuclear Power Programme (Important) [ Eco. ]

    India has vital peaceful nuclear program with substantial research on utilization of thorium in nuclear fuel cycle, and on the development of Advanced Heavy Water Reactor (AHWR) using thorium based fuel on a large scale.

    Location of Indian Nuclear Power Programme

    Location of Indian Nuclear Power Programme

    Location of Indian Nuclear Power Programme

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  • 3 Seismic Zones in India (Important) [ Eco. ]

    Earthquake-prone areas identified based on seismicity, past earthquakes, and tectonic setup of the region. Bureau of Indian Standards has grouped the country into four seismic zones: Zone II, III, IV and V. Of these, Zone V is seismically the most active, while zone II is the lea…

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  • Sep 5, 2017
  • 1📹 Highlights of Reforms Measures in the Economic Survey 2016-17 Volume-2 [ Eco. ]

    This part of economic survey- volume 2 covers Agriculture and Food Management, Industry and Infrastructure, Social Infrastructure, and Employment and Human Development. Previous part of the survey focused on several important sectors including services.

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  • Aug 29, 2017
  • 1📹 Economic Survey 2016-17 Volume-2: Analytical Perspective on Economy [ Eco. ]

    Overview and Outlook for Policy: Economic Survey 2016 - 17 Volume 2 found a rekindled optimism due to structural reforms such as launch of the GST, positive impacts of demonetization, decision to privatize Air India, rationalization of energy subsidies and determination to addres…

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  • 2📹 Highlights of the Economic Survey 2016-17 Volume-2 [ Eco. ]

    The fiscal outcome in 2016 - 17 marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary and pension revenue expenditure- containing fiscal deficit to 3.5 per cent of GDP in 2016 - 17.

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  • 3Salt Farming Industry in India: Revival Plans [ Eco. ]

    India is the third largest salt producer after China and USA with global annual production about 230 million tones. In 1947, salt was imported from the United Kingdom & Adens but today India is in a position of exporting surplus salt. Production of salt during 1947 was 1.9 millio…

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  • Aug 12, 2017
  • 1Consumer Protection in India-2nd Session of Intergovernmental Experts on Consumer Protection Law [ Eco. ]

    Following important statements were made by Minister of State for Consumer Affairs on “Report on national and regional implementation of the United Nations Guidelines for consumer protection”

    Image shows the National Consumer Helpline

    Image shows the National Consumer Helpline

    Image shows the National Consumer Helpline

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  • 2IBPS Clerk Exam 2017

    Institute of Banking Personnel Selection (IBPS) Conducts (IBPS Clerk 2017) Common Written Exam (CWE). This exam conducts for Clerical Unit 19243 Posts in different Public Sector banks and financial Institution. Those candidates who have scored minimum qualifying marks in the prel…

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  • Jul 30, 2017
  • 1Trade Comparison Between Indian and China [ Eco. ]

    China is India’s largest trading partner, with bilateral trade at $71.5 billion skewed in favour of China. India imports $61.3 billion worth of Chinese products while it exports $10.2 billion. From - $37.2 billion in 2011 - 12, trade deficit has widened in the last six years to -…

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  • Jun 21, 2017
  • 1📹 Highlight on Economics Contemporary - Expected Questions 2017 Part-2 [ Eco. ]

    We will be covering the important questions and topics for competitive examinations for 2017 related to Economics Contemporary and related policies. As per video tutorials and lectures at YouTube@Examrace

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  • 2📹 Highlight on Economics Contemporary - Expected Questions 2017 Part-1 [ Eco. ]

    We will be covering the important questions and topics for competitive examinations for 2017 related to Economics Contemporary and related policies. As per video tutorials and lectures at YouTube@Examrace

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  • Jun 11, 2017
  • 1जीएम कृषि, वरदान या अभिशाप (GM Agriculture, Boon or Curse ) [ Eco. ]

    प्रस्तावना: -कृषि देश की रीढ़ है। बरसों से खेतों से खुशहाली का रास्ता होकर गुजरता रहा है। विज्ञान ने प्रगति के साथ खेतों में फसलों को लहलहाया भी है। हरित क्रांति इसका उदाहरण है। लेकिन वैश्विक बाजार ने अब कृषि क्षेत्र में भी नजरें जमा ली हैं। सुबीज की अवधारणा वाले हमारे देश में जे…

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  • Oct 14, 2016
  • 1Mobile Internet Banned in Gujarat During Clerk Exam

    Gujarat government will suspend mobile internet services for four hours during the clerk-level examination in Gujarat. The move is believed to prevent cheating by candidates. Independent analysis and business groups have repeatedly objected to such measures.

    Mobile Internet Banned in Gujarat during Clerk Exam

    Mobile Internet Banned in Gujarat during Clerk Exam

    Mobile Internet Banned in Gujarat during Clerk Exam

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  • Sep 22, 2016
  • 17th Pay Commission in India [ Eco. ]

    The Government of India has introduced 7th Central Pay commission. Former Finance minister P Chidambaram had announced approval of 7th Pay Commission by former Prime Minister Manmohan Singh on 25th September 2013, which was intended to come into effect from 1st January 2016. On 4

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  • 2Gold Monetization Scheme and Bond Scheme [ Eco. ]

    The effectiveness, the all-new Gold Monetization scheme of the central government is still somehow doubtful. Experts have critically analyzed all the aspects of these schemes and they have concluded that if not properly tackled then this scheme will create many types of difficult…

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  • 3Mahatma Gandhi National Rural Employment Guarantee Act [ Eco. ]

    MGNREGA stands for Mahatma Gandhi National Rural employment Guarantee Act, formally known as NGERA, National Rural Employment Guarantee Act. This is an Indian job guarantee scheme, which was enacted by legislation on 25th August 2005. It provides legal guarantee of employment for…

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  • Jun 1, 2016
  • 1  Inflation of India – Fundamentals We Need to Know – General Studies Paper 3 [ Eco. ]

    Inflation is the continuously rising rate of prices for goods and services and the falling of purchasing power of currency. Basically inflation occurs because of imbalance between demand and supply. For ex. Increasing taxes on products, changing in production etc.

    Indicators of …

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