Indian Economy -Civil Service Gurukul

01 Nov 2017 21:21

👆Schedule for GS paper 3 Guidance -that will be started from 16th Nov 2017.✅✅✅✅

Indian Economy -Civil Service Gurukul

01 Nov 2017 19:19

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 18:53

COMMERCE GURUKUL

Mains Paper 3: Economy Mobilization of resources

 The following things are important from UPSC perspective:

Prelims level: Sovereign Gold Bond (SGB) Scheme

Mains level: Discuss the merits and demerits of gold bond scheme of the government of India

News

Context

The Government announced a few changes in its Sovereign Gold Bond (SGB) Scheme recently.The primary change was the increase in the limit to 4 kg (from 0.5kg) for individuals, HUF and 20 kg for Trusts.

Why?

To encourage high net-worth individuals, rich farmers as well as trusts to invest in these bonds.

Factor diminishing the attractiveness of the SGB ?

Its price being pegged to a 10% import duty, and any reduction in the import duty by the Government in the subsequent period would likely inflict severe loss of value to those who have already invested

How to overcome?

The Government should fix the pricing of SGB at bullion rates exclusive of import duty and IGSTIn case of physical delivery of bullion against SGB at a later date, import duty and IGST should be levied at the point of delivery.This will make the scheme much more attractive to the general public, thereby enabling substitution of expensive imports that impact the current account deficit (CAD).

Way forward?

While the Government introduced these bonds to help reduce India’s over dependence on gold imports, the move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backingFurther, offering gold loan against Sovereign Gold Bondswould help popularise the product from a consumer.

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:32

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:27

COMMERCE GURUKUL.
various instruments of Money markets and their limitations.

From UPSC perspective, following things are important:

Prelims level: Twin deficit problem, inflation indexed bonds, Wholesale Price Index, Consumer Price Index, Inflation Indexed National Savings Certificates, Capital Indexed Bonds, Treasury bills

Mains level: Problems associated with Capital markets, suggested solutions.

News:

Context:

• In mid 2013, when the government was battling a twin deficit problem — on the current account marked by huge gold imports and a widening fiscal deficit — the finance ministry and the Reserve Bank of India (RBI) decided to launch inflation indexed bonds

Why inflation indexed bonds were launched?
• Government hoped it would encourage people to invest in a product which would provide them greater protection when inflation was high, rather than locking money in gold — seen as an idle asset.
• Government expected that These bonds would incentivise the household sector to save in financial instruments rather than buy gold. That was the year when India was battling a huge surge in gold imports — putting pressure on the currency and on inflation.

Key features of the Inflation indexed bonds:

• These inflation indexed bonds were launched by being linked to the Wholesale Price Index or WPI
• Soon, the central bank followed this by launching the Inflation Indexed National Savings Certificates for retail investors linking it to Consumer Price Index or CPI
• The returns offered to investors was a coupon rate of 1.5 per cent annually over the inflation rate

Previous bonds:
• Capital Indexed Bonds or CIB’s which were issued in 1997 by RBI
• The protection offered to savers on these bonds was only on the principal and not to interest payments

Why did inflation indexed bonds failed to take off

• Inflation decreased rapidly in last few years. The pricing of these bonds and the fact that there was no preferential tax treatment on these bonds put off many investors

 

Feasibility of inflation targeting:
• According to Governor Subbarao, growth and inflation are not independent variables
• This means a target cannot be set simultaneously for growth and inflation as if one is fixed the other is automatically determined
• If the government imposes a growth target on top of the inflation target, inflation targeting will lose credibility

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:19

COMMERCE GURUKUL

Mains Paper 3: Economy | Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

Divestment of loss making PSUs has been one of the top agendas of present NDA government and NITI Aayog has also recommended various measures in this direction. The op-ed discusses problems of Air India and also provides possible solutions.

From UPSC perspective, following things are important:

Prelims level: not much

Mains level: Time for government’s exit from various PSUs and let private forces handle markets with timely interventions from government, problems associated with PSUs and other
related issues.

News: issues with Air India
• Everything that could possibly go wrong with a public sector company has gone wrong with Air India
• It is operationally inefficient and unable to compete with private sector operators
• The airline has been grossly mismanaged over the years
• It is tottering under a mountain of debt and is surviving on doles from the government
Privatizing Air India:
• NITI Aayog has given its suggestions to the aviation ministry and it will now explore all options for
privatization of the airline. There are various reasons to support this decision
• Failure of turnaround plan: 2012 turnaround plan has not shown the desired results. Infusion of equity capital (Around Rs 40,000 crore) by government in period of 20 years from 2011-12 had also set targets for monetization for airlines assets. But it has not been able to raise even 10% of those targets
• Highly indebted: Apart from this, it has accumulated debt to the tune of Rs. 50000 crore which really matters in Indian economy especially in current scenario of rising NPAs
• Government’s involvement undesired: Going by the established norms of market economy, the government should not be in the business of providing goods and services where the private sector has a vibrant presence and 14th Finance Commission has also said that the opportunity cost of such investments should be considered and the cost is a lot higher for Air India
• Divestment will be a signal for everyone: Divesting the loss-making Air India will send a strong signal to
investors that India is serious about reforms and is no longer willing to throw good money after bad
• This will pave the way for disinvestment of other loss-making companies, such as Bharat Sanchar Nigam Ltd(BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) Not easy task for government:
• Making the deal attractive: Government will have to work with professionals and investment bankers to find ways and make the deal reasonably attractive for a prospective buyer
• Reducing debt: Government will have to bring down the level of debt in the company
Three possible solutions:
• Selling non-core assets like the Hotel Corporation of India
• Infusion of equity capital one last time by government
• Selling a minority stake in the company and bring in a professional management
Conclusion:
• The government has fiscal constraints and needs to spend more in important areas such as health and education. There is absolutely no rationale why it should be running a company like Air India
• The status quo cannot continue for long

Indian Economy -Civil Service Gurukul

01 Nov 2017 13:23

Infrastructure: Energy, Ports, Roads, Airports, Railways

Mains Paper 3: Economy | Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

The following things are important from UPSC perspective:

Prelims Level: Not much

Mains level: The infrastructure development is strategically and socially crucial in the North-East.

News

Highway projects in the North-East India

To upgrade infrastructure in the North-East, the government is planning to undertake highway projects worth about Rs1.45 lakh crore in next two to three years

State wise investment

Of the proposed Rs1.45 lakh crore investment, the government plans to invest about
(1)Rs48,000 crore in Assam,
(2) Rs22,000 crore in Manipur
(3) Rs20,000 crore in Nagaland
(4) Rs17,000 crore in Sikkim
(5) Rs12,000 crore in Mizoram,
(6) Rs10,000 crore in Arunachal Pradesh
(7) Rs8,000 crore each in Meghalaya and Tripura

Other steps taken by the government

The government has already taken up many road improvement projects under Special Accelerated Road Development Programme for North-East for better connectivity in the regionGovernment has also set up National Highways & Infrastructure Development Corporation Ltd to augment capacity of the agencies involved in development and maintenance of highways in the region.

 
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 05:29

https://youtu.be/C5b_DX4huJ0

Indian Economy -Civil Service Gurukul

01 Nov 2017 03:49

🌞Commerce Gurukul has started guidance on GS paper 4 Ethics.
MUST READ IF YOU ARE NEW MEMBER. HERE PARTICIPATION IS MANDATORY OR INSTANT REMOVAL.
PLATFORM OF KNOWELGE SHARING NOT MATERIAL SHARING.

Hello,
This group is created on request of many members of other group solely on GS Preparation.

STATIC TOPICS will deal hear & any current issue with that topic only can be shared.

As per UPSC SYLLABUS each SYLLABUS head will be taken & announced in advance and Members are MANDATORY to participate on topic of the day.

Any content or MATERIAL should be related to topic of day only.

NOTE- Topic of day will be dealt that day only. In case of violation member will be removed.

Suggestions, Discussions, Queries are welcomed on related topics of the Day on same day.

However ADMIN are not solely responsible to deal with queries, it must be a group effort.

With Regards
Admin

topics in sequence

Timing till Night 12am of topic day.
This initiative Mainly till December 2017, futher it depends on participation.

Topic only be shared by Admins in advance. If any topic left as per knowledge of any1 can contact Admin.


THOUGHT-
EACH ONE CAN TEACH ONE. HARDER WE WORK LUCKIER WE GET.
Fees Rs.750 for whole course of GS paper 4 -Ethics.
For registration contact at
@commerce1gurukul 7678456921
www.commercegurukul.wordpress.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 02:17

P2P lending

Mains Paper 3: Economy | Investment Model

Prelims level: peer-to-peer (P2P) lending, market-access barriers, leverage ratio

Mains level: Mandate of RBI and various issues related to it

Context

The Reserve Bank of India (RBI) issued the much anticipated regulatory framework for peer-to-peer (P2P) lending earlier this monthThis model emerged in 2005 as technology fused with lending and has been replicated across jurisdictions since

What is the P2P lending?

In its simplest avatar, it involves a platform that leverages technology to match lenders and borrowers, receiving fees in lieu of transactions successfully closedUnlike banks that act as intermediaries and engage in liquidity transformation between retail lenders and borrowers, these platforms are genuine two-sided markets (similar to say, Uber)These bring lenders and borrowers together without taking any credit risk on their own balance sheetAn important feature of such platforms is that they leverage technology to filter borrowers, determine interest at which the transactions execute and reduce the risk of lender exposure through diversification (through one-to-many transactions, for example)

Review of the P2P regulations issued by the RBI

The P2P regulations delegate potentially arbitrary discretion to RBI in gatekeepingOne of the principal governance issues of a modern state is injecting accountability into regulatory discretionP2P regulations fail on this parameter and underscore the need for Parliament to implement reform through legislation rather than delegate it to regulatorsBroad discretion without effective oversight is effectively a permission to engage in arbitrary behavior

2. They impose high market-access barriers that would inhibit innovation in a technology-intensive sector

The RBI has prescribed a mandate that would require a minimum net-owned fund (NOF) of Rs 2 croreThat would exclude innovative, lean start-ups from entering the market, and it is unclear if there would be any benefit net of costsP2P model “disintermediates” credit riskIt may be feasible for the RBI to tailor minimum capital based on the value of loans made through the platform

3. These regulations also lack clarity around critical issues like leverage ratio

Leverage ratio is defined as “total outside liabilities divided by owned funds, of the non-banking financial corporation in P2P (NBFC-P2P)”This leverage ratio has been capped at 2The revenue sources for a P2P platform company include: processing fees charged to borrowers and lenders, origination fees for loan-specific insurance products and fees charged from lenders for collectionFrom regular market numbers, the sum of these three sources of revenue is in the order of 4-8% of the credit facilitated through the platformThe overall costs of a tech-enabled P2P lending platform is in the range of 2-4% of credit facilitated through the platformThe leverage cap of 2 will mean this regulation effectively limits return on equity in the 10-12% rangeNo technology business can operate with such paltry returns

Other concerns in the P2P regulations

Ultra-conservative lender exposure limitsData-sharing mandate with credit information companies andDisclosure of borrower information to the lenders.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance .

Indian Economy -Civil Service Gurukul

31 Oct 2017 11:29

https://commercegurukul.wordpress.com/2017/10/31/upsc-civil-services-mains-exam-2017-general-studies-paper-3-question-paper/

Indian Economy -Civil Service Gurukul

31 Oct 2017 08:09

NITI Aayog

Important suggestion for improving the condition manufacturing sector of Indian Economy. These suggestions are more important because they are from a Report of NITI Aayog.

News

Issues with Manufacturing sector

According to NITI Aayog’s report, the sector’s growth rate has remained constant for the past 25 yearsWhereas countries such as Taiwan and China recorded more than double the rate of expansion in India

Example of other countries

In Taiwan and South Korea in the 1960s and 1970s and in China in the 1980s, 1990s and 2000s, manufacturing grew at rates approaching or exceeding 15 per centIt lead to transformation of these economies from primarily agrarian and rural character to modern urban ones in around three decades

India’s situation

The fast-growing sectors in India have been automobile and its parts, two-wheelers, machinery, chemicals, petroleum refining, telecommunications, software and pharmaceuticalsNone of these sectors employs low-skilled workers in large numbersAs a result, the vast majority of Indian workers remain concentrated in agriculture, unorganised industry or low-paying services

Challenges in front of India

To achieve rapid growth in manufacturing sectorEnsuring healthy growth in labour-intensive sectors such as clothing, leather manufactures, food processing and electronic assemblyGrowth in these sectors would help create good jobs for workers with limited skills

Suggestions by the Niti Aayog in its three-year action plan
Suggestions include

Easing entry barriers and reducing duties on synthetic fibres to make India’s apparel industry competitive in global marketReducing custom duty on goldIncreasing investment in skill trainingExpediting creation of integrated mega food parks and lower duties on key inputs of final electronics products.

Indian Economy -Civil Service Gurukul

31 Oct 2017 04:31

Banking reforms
Context

Bold move by government

The government has decided to spend big money to clean up the banks it ownsThis is despite the obvious risks of moral hazard that bank bailouts across the world have inevitably faced

What happened in the recent past

Three important policy documents laid the groundwork for banking reforms since the 1991 reforms

The report of the first Narasimham committee set up in 1991The report of the second Narasimham committee set up in 1998The report of the Raghuram Rajan committee that was released in 2009

Changes that have happened over the years

Indian banks now have to meet international capital adequacy standardsA smaller portion of their deposits has to be handed over to fund the fiscal deficitInterest rates are determined by the marketBranch expansion policies are more liberalNew private sector banks offer competition to the public sectors banks

Banking policy issues that the government needs to deal with

The need for public sector bank autonomyIndia needs to now shift the needle from autonomy towards privatizationBanking is the only important sector of the economy in which the private sector is dwarfed by the public sectorThe share of public sector companies has fallen sharply in most sectors such as airlines

2. India should move towards a three-tier banking structure

The first Narasimham committee had said that India should move towards a three-tier banking structureFour large lenders were to be developed as global banks, 10 banks were to become nationwide universal banks and local banks would concentrate on specific regionsThe ongoing debates about bank consolidation and differentiated licensing require a framework rather than the current ad hoc statements

3. The weakest banks cannot be shut down at once

This move could cause a disruptionThere is a strong case to convert at least some of them into narrow banks that use all their deposit money to buy government bondsThey could in effect become large payments banks rather than the more traditional financial intermediaries

4. India needs to move towards a new financial structure

In this system, large companies get mostly funded by the bond markets while smaller firms depend more heavily on banks for their financeThe problem is that the corporate bond market is still illiquid, with most bonds held to maturity by a narrow set of investors

Lessons of the global financing crisis

No country has figured out how to maintain financial stabilityCredit booms have inevitably left bad loans in their wakeBank-led financial systems such as Japan have been in troubleSo have financial systems such as the US where the bond markets are more important

What do unstable financial systems lead to?

Unstable financial systems hurt economic growth and job creation in the long runThe fiscal costs of bailouts can also be staggering

What should be the next step?

The next step should be a clear roadmap for future financial policy before India stumbles into its next banking messThe Indian political leadership needs to get a sense of what financial structure it desires—and then get experts to advise it on how to achieve it that goal.

Indian Economy -Civil Service Gurukul

31 Oct 2017 02:51

🏆🏵✅GS paper 3 and UPSC prelims Indian Economy guidance will be started from 16 November 2017.🏆🏵✅
1. Value added notes will be provided on every topic of GS paper 3 .
2. All topic with proper guidance will be completed by 31st December 2017.
3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.

6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.

7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.

Indian Economy -Civil Service Gurukul

30 Oct 2017 20:37

One rupee note again
The Finance Ministry under the Central Government has
recently launched the one rupee note again. The launch
took place at the Shrinathji temple in Nathdwara,
Rajasthan. The relaunched currency notes will be made
up of cent percent cotton rag and will weigh 900 grams
per square metre with a thickness of 110 microns. It
bears the signature of the Finance Secretary and not the
RBI Governor. Only Re. 1 notes and coins in India are
signed by the Finance Secretary as they are printed by
the Central Government. All other Indian currency notes
in India are printed by RBI. The watermarks of the
currency note include an Ashoka Pillar symbol in the
window without the words ‘Satyamev Jayate’, a latent
numeral at the centre and the concealed word ‘Bharat’
(in Hindi) at the right side of the note.
The colour of the note is primarily pink green on both
the obverse and reverse sides, in combination with
other colours. A picture of the oil exploration rig of
Sagar Samrat off the Mumbai coast will feature on the
reverse.

Indian Economy -Civil Service Gurukul

01 Nov 2017 19:35

👆sample of answer writing practice model question with answer

Indian Economy -Civil Service Gurukul

01 Nov 2017 18:54

Commerce Gurukul

Mains Paper 2: Governance | Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

From the UPSC perspective, the following things are important:

Prelims Level: Not Much

Mains Level: Important suggestion for improving the condition manufacturing sector of Indian Economy. These suggestions are more important because they are from a Report of NITI Aayog.

News

Issues with Manufacturing sector

According to NITI Aayog’s report, the sector’s growth rate has remained constant for the past 25 yearsWhereas countries such as Taiwan and China recorded more than double the rate of expansion in India

Example of other countries

In Taiwan and South Korea in the 1960s and 1970s and in China in the 1980s, 1990s and 2000s, manufacturing grew at rates approaching or exceeding 15 per centIt lead to transformation of these economies from primarily agrarian and rural character to modern urban ones in around three decades

India’s situation

The fast-growing sectors in India have been automobile and its parts, two-wheelers, machinery, chemicals, petroleum refining, telecommunications, software and pharmaceuticalsNone of these sectors employs low-skilled workers in large numbersAs a result, the vast majority of Indian workers remain concentrated in agriculture, unorganised industry or low-paying services

Challenges in front of India

To achieve rapid growth in manufacturing sectorEnsuring healthy growth in labour-intensive sectors such as clothing, leather manufactures, food processing and electronic assemblyGrowth in these sectors would help create good jobs for workers with limited skills

Suggestions by the Niti Aayog in its three-year action plan
Suggestions include

Easing entry barriers and reducing duties on synthetic fibres to make India’s apparel industry competitive in global marketReducing custom duty on goldIncreasing investment in skill trainingExpediting creation of integrated mega food parks and lower duties on key inputs of final electronics products.

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:32

👆Limited seat is available.

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:29

COMMERCE GURUKUL

Mains Paper 3: Economy | Mobilization of resources

From UPSC perspective, the following things are important:

Prelims level: Fiscal deficit, Controller General of Accounts

Mains level: Impact of GST and demonetization on economy

News

Data released by the Controller General of Accounts (CAG)

In the first six months of the current financial year, the country’s fiscal deficit touched 91.3 percent of the full-year budget estimateDuring the same period in the previous fiscal year, this figure was 83.9 percentIn addition to the annual deficit, the national debt – the accumulation of past deficits and interest due to lenders to the Treasury – now exceeds trillion

Slippage of Fiscal deficit target might occur

This will be due to lower-than-budgeted revenues, which are because of

uncertainty related to the buoyancy of indirect taxes post-GST.

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:21

COMMERCE GURUKUL
all details regarding Insolvency and Bankruptcy Code. From UPSC perspective, following things are important:
Prelims level: Insolvency and Bankruptcy Code , NPA, RBI’s role, National Company Law Tribunal.

Mains level: Working of IBC and how it will help resolve NPA problem.

News:
• Reserve Bank of India said its internal advisory committee (IAC) had identified 12 accounts, which account for 25% of non-performing assets of the Indian banking system for immediate resolution under the Insolvency and Bankruptcy Code (IBC)
• The gross bad debt in the banking system as on March was Rs. 7.11 lakh crore, which means the 12 accounts contribute to about Rs. 1.78 lakh crore What does bankruptcy mean? A company
is bankrupt if it is unable to repay debts to its creditors (banks, suppliers etc) What has this led to?
• The inability to repay debts by some of the Indian firms has resulted in a huge pile of non-performing assets for the banking system
• RBI had earlier hinted that stress was coming from sectors such as power, telecom, steel, textiles and aviation

How the RBI came into the picture of referring accounts for resolution under IBC?

• The government had recently amended the RBI ActIt
gave powers to the central bank to direct banks to take
punitive action against individual accounts under IBC

How does the process work under IBC?
• A mechanism to free up the money stuck as bad loans is one of the key for the banking system. IBC is seen as one such
• Step 1: Any creditor including banks can start bankruptcy proceedings against defaulters by filing a petition with the National Company Law Tribunal
• Step 2: After that, an insolvency professional with significant powers is appointed to take control of the defaulting company and assist the process
• Step 3: A creditors committee is formed to represent the interest of lenders and any other party that have been affected due to the default by the company
• What committee does? The committee should come up with a resolution plan (which may include selling off defaulted loans or liquidate the company outright)
• The resolution would require a nod from 75% of the creditors on the committee
• Timeline: The insolvency professional gets 180 days to come up with a feasible solution on the default issue. The timeline can be extended by another 90 days
• What after this time elapses? If no solution is found within 270 days, a liquidator is appointed
• The company can also opt for voluntary liquidation by a special resolution in a general meeting

Does IBC resolve the bad assets crisis of the banks?
• Only time will tell. The proceedings under IBC are at a nascent and untested stage in India (Read our upcoming Prelims analysis to understand this point better).

B2B The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to companies in India. The NCLT was established under the Companies Act 2013 and was constituted on 1 June 2016.

The NCLT has the power under the Companies Act to adjudicate proceedings:

• Initiated before the Company Law Board under the
previous act (the Companies Act 1956);
• Pending before the Board for Industrial and Financial
Reconstruction (BIFR), including those pending under
the Sick Industrial Companies (Special Provisions) Act,1985;
• Pending before the Appellate Authority for Industrial and
Financial Reconstruction; and
• Pertaining to claims of oppression and mismanagement
of a company, winding up of companies and all other
powers prescribed under the Companies Act.
Decisions of the NCLT may be appealed to the National Company Law Appellate Tribunal.

Indian Economy -Civil Service Gurukul

01 Nov 2017 17:17

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 05:30

👆Agriculture policy duscussion . Importance for GS 3 AND ESSAY.

Indian Economy -Civil Service Gurukul

01 Nov 2017 04:49

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

01 Nov 2017 02:23

Mains Paper 3: Money laundering and its prevention.

The following things are important from UPSC perspective:

Prelims: SEBI.

Mains level: It is important to know how Sebi is planning a crackdown on Shell companies and how this move will affect other big and small enterprises.

News

Context

The Sebi is looking to tighten listing norms to prevent fly-by-night operators from getting listed on stock exchanges.These norms could be introduced as early as this month.The capital market regulator’s move follows the government’s ongoing crackdown on shell companies to curb black money.Earlier, Sebi had imposed a partial trading ban on 331 firms termed as shell firms by the ministry of corporate affairs.

SEBI Norms

Sebi norms now specify that a company wishing to get listedneeds to have a track record of generating profits and distributing dividends for at least three of the five years preceding the time it goes public, have a minimum net worth of Rs1 crore in each of the preceding three years and have net tangible assets of at least Rs3 crore in each of the three preceding years.A company cannot make a share allotment in a public issue if the number of prospective allottees is less than 1,000.A grading/rating system for initial public offerings have also been proposed so that investors have a basic idea of the quality of the company they are investing in.This rating can be given either by a credit rating agency or any external expert or by Sebi itself.

 

Why this move by SEBI ?

Sebi wants to ensure that companies with stronger businesses and a potential to maintain profitability during the initial years of listing are allowed to go public.The plan is to increase the minimum net worth requirement, the proportion of assets held in tangible form, the number of years of profitability and the minimum number of public investors to whom shares are allotted.

 

Impact of this move

It may prevent many small genuine businesses from getting listed and raising capital from the public to grow.However, it will definitely help to a large extent to ensure that only strong, mid-sized or larger companies are able to get listed.

 

Way forward

There are more than 4,000 listed firms in the country. Of this, around 2,000 do not have enough liquidity and are suspected to be involved in dubious transactions or manipulations to show business only on paper.Firstly, action must be taken against companies that have defaulted and do not have enough liquidity.Sebi should not abruptly put unnecessary regulatory burdens on genuine businesses.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
Telegram Channel- t.me/economyupsc
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

31 Oct 2017 14:32

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

31 Oct 2017 10:27

✅Recent Updates from Commerce Gurukul.
Hello All , Dear UPSC Aspirants.
Have a nice day ahead.
Pls find below google form link to get current affairs , notes and study material on Indian economy prelims and GS paper 3 UPSC Mains 2018. Pls click on link given below to fill the form and submit it as soon as possible.





https://goo.gl/forms/hhZpmvUhHxPvDn6J3

With best regards and Thanks
Commerce Gurukul

Indian Economy -Civil Service Gurukul

31 Oct 2017 07:08

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

31 Oct 2017 03:57

CHAMAN project
In order to provide strategic development to the horticulture sector, so as to increase farmers income, a pioneer project called CHAMAN, has been launched three years back by the Government.This project is being implemented by Mahalanobis is National Crop Forecast Centre (MNCFC) using remote sensing technology and is likely to be completed in March 2018

About the project

CHAMAN is a pioneer project in which remote sensing technique is being used for strategic development of horticulture sector as also to increase the farmers’ incomeIt gives methodology for preparing reliable estimates of horticulture cropsIncome of farmers will increase by growing selected crops in the high suitable areas identified under CHAMAN in the current Jhum /wastelandsThe Post-Harvest damages of farmers would be significantly reduced by creation of desired Post Harvest Infrastructures like cold storages etc. thereby increasing their incomeThe Geo-Spatial Studies like crop intensification, orchard rejuvenation and aqua-horticulture would further help the farmers’ to grow their horticultural crops in a profitable manner which will help increasing their income

Fact

India is the Second largest producer of Vegetables and Fruits in the world and is First in the production of Banana, Mango, Lime and Lemon, Papaya and Okra.

Indian Economy -Civil Service Gurukul

30 Oct 2017 20:38

The Asian Development Bank
The Asian Development Bank was conceived in the
early 1960s as a financial institution that would be
Asian in character and foster economic growth and
cooperation in one of the poorest regions in the world.
ADB assists its members, and partners, by providing
loans, technical assistance, grants, and equity
investments to promote social and economic
development. From 31 members at its establishment,
ADB now has 67 members, of which 48 are from within
Asia and the Pacific and 19 outside. The ADB was
modeled closely on the World Bank, and has a similar
weighted voting system where votes are distributed in
proportion with members’ capital subscriptions. ADB
releases an annual report that summarizes its
operations, budget and other materials for review by
the public. Japan has the biggest subscribed capital in
ADB.

Indian Economy -Civil Service Gurukul

30 Oct 2017 20:32

The Anti-Counterfeiting Trade Agreement (ACTA)
The Anti-Counterfeiting Trade Agreement (ACTA) is a
multinational treaty for the purpose of establishing
international standards for intellectual property rights
enforcement. The agreement aims to establish an international legal framework for targeting counterfeit
goods, generic medicines and copyright infringement on
the Internet, and would create a new governing body
outside existing forums, such as the World Trade
Organization, the World Intellectual Property
Organization, and the United Nations.