Economic Survey:Thalinomics

News:The Economic Survey 2019-20 has included a chapter ‘Thalinomics:The economics of a plate of food in India’. Facts: About Thalinomics: The Thalinomics is an attempt to quantify what a common person pays for a ‘thali’(plate of food) in India.It assess whether a ‘thali’ has become more or less affordable over the last few years. As… Continue reading Economic Survey:Thalinomics

Economic Survey 2019-20:Ease of Doing Business

News:The Economic Survey has dedicated a chapter on the Ease of Doing Business in India. Facts: Key takeaways: In World Bank’s Ease of Business rankings,India has recorded a jump of 14 positions at 63rd rank in 2019 against its rank of 77 in 2018. India’s improved ranking was on the back of reforms such as… Continue reading Economic Survey 2019-20:Ease of Doing Business

Economic Survey:A Temasek-like model to put divestment on aggressive track

News:The Economic Survey 2019-20 has proposed a new structure of disinvestment called Temasek-like model to maximise returns from public sector enterprise. Facts: About Divestment: Disinvestment is defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. Economic Survey on Divestment: The survey examined the realized efficiency gains from privatization… Continue reading Economic Survey:A Temasek-like model to put divestment on aggressive track

Economic Survey 2019-20:Public Sector Banks(PSBs)

News:The Economic Survey has dedicated an entire chapter to the status of public sector banks and the NPA crisis. Facts: Survey on Public Sector Banks: Since 1969,India’s Banking sector has not developed proportionately to the growth in the size of the economy. India will need at least eight banks in the top 100 banks globally… Continue reading Economic Survey 2019-20:Public Sector Banks(PSBs)

Economic Survey calls for strengthening invisible hand of markets

News:The Economic Survey 2020 has illustrated enormous benefits from enabling the invisible hand of the market. Facts: Achieving $5 trillion economy:The survey has said that India’s aspiration to become a $5 trillion economy depends critically on: Strengthening the invisible hand of the market. Supporting it with the hand of trust. About Invisible Hand: The phrase… Continue reading Economic Survey calls for strengthening invisible hand of markets

Economic Survey suggests Chinese formula to create 4 crore jobs by 2025

News:Economic Survey has outlined a strategy on how India can create 4 crore well-paid jobs by 2025 and 8 crore jobs by 2030. Facts: Assemble in India for the World:The survey has said that the integration of “assemble in India for the world” with government’s “Make in India” initiative can help:  Create 4 crore well-paid… Continue reading Economic Survey suggests Chinese formula to create 4 crore jobs by 2025

Economic Survey 2020: India ranked third in entrepreneurship

News:The Economic Survey has a chapter on “Entrepreneurship and Wealth Creation at the Grassroots”. Facts: Key Highlights: As per World Bank,India ranks third globally in the number of new firms created with about 1.24 lakh new entities coming up in 2018. New firm creation in India increased dramatically since 2014 as there was a 12.2… Continue reading Economic Survey 2020: India ranked third in entrepreneurship

Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert

News:The Economic Survey has suggested the use of a ‘health score’ index for non-banking finance companies(NBFCs). Facts: About Health Score Index: The proposed Health Score Index will aim to provide an early warning signs for liquidity crisis in a non-banking finance company(NBFC) to tackle the problem of financial fragility. The Index will use key financing… Continue reading Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert

Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20

News:According to Economic Survey,funding of the Rs 102 lakh crore National infrastructure pipeline(NIP) unveiled by the Indian government would be a challenge. Facts: About National infrastructure pipeline(NIP): Government had constituted a task force headed by Secretary, Department of Economic Affairs to draw up a National Infrastructure Pipeline(NIP) from 2019-20 to 2024-25. The task force has… Continue reading Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20

Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development

News: The Economic Survey 2019-2020 highlights the government’s commitment to social wellbeing in India. Key Highlights: Expenditure on social services by the Centre and States (as a proportion of GDP): Increased from 6.2% in 2014-15 to 7.7% in 2019-20. India’s ranking in Human Development Index: Improved to 129 in 2018 from 130 in 2017. With… Continue reading Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development