Economics: Point-Wise Current-Affairs/GS Articles 2018 (Including PIB)- Download PDF

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

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

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

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

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

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

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

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.

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

Three guar seed options contracts that will expire in February, March, and April of this year are being made available on NCDEX for trading initially. Key facts- NCDEX’s guarseed option is one of the liquid contracts on the exchange platform.

India was ranked at the 62^nd place among emerging economies on an Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF). WEF urged the leaders to urgently move to a new model of ‘inclusive growth and development’, saying reliance on GDP as a measure of 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.

The Second National Commission on Labour has recommended that the existing Labour Laws should be broadly grouped into four or five Labour Codes on functional basis. Maternity Benefit Amendment Act, 2017, increases the paid maternity leave from 12 weeks to 26 weeks.

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.

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

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

📹 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).

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

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

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

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)

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

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

There are nine Defence Public Sector Undertakings (DPSUs), with 47 units & 41 Ordnance factories spread all over India. OFB: Ordnance Factory Board has developed infrastructure facilities for construction of - Missile, Tanks.

India Government Mint (IGM), a unit of Security Printing and Minting Corp of India Ltd launched India’s first homegrown high purity gold reference standard- Bharatiya Nirdeshak Dravya (BND-4201).

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