Indian Economy -Civil Service Gurukul

07 Jan 2018 14:30

https://commercegurukulca.blogspot.com/2018/01/national-income.html

Indian Economy -Civil Service Gurukul

07 Jan 2018 13:41

2016-17. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2017-18 are estimated at 11.9% and 11.2%, respectively, as against the corresponding rates of 11.7 % and 11.0%, respectively in 2016-17.Gross Fixed Capital Formation

18. Gross Fixed Capital Formation (GFCF) at current prices is estimated at `43.84 lakh crore in 2017-18 as against `41.18 lakh crore in 2016-17. At constant (2011-12) prices, the GFCF is estimated at `37.65 lakh crore in 2017-18 as against `36.02 lakh crore in 2016-17. In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2017-18 are estimated at 26.4% and 29.0%, respectively, as against the corresponding rates of 27.1% and 29.5%, respectively in 2016-17.The GFCF is expected to register growth rate of 6.5% at current prices and 4.5% at constant prices.

Indian Economy -Civil Service Gurukul

07 Jan 2018 13:41

1. Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2017-18 is likely to attain a level of 129.85 lakh crore, as against the Provisional Estimate of GDP forthe year 2016-17 of 121.90 lakh crore, released on 31st May 2017. The growth in GDP during 2017-18 is estimated at 6.5% as compared to the growth rate of 7.1% in 2016-17.

2. Real GVA, i.e, GVA at basic constant prices (2011-12) is anticipated to increase from `111.85 lakh crore in 2016-17 to `118.71 lakh crore in 2017-18. Anticipated growth of real GVA at basic prices in 2017-18 is 6.1% as against 6.6% in 2016-1

3. The sectors which registered growth rate of over 7.0% are, 'public administration, defence and other services’, ‘Trade, hotels, transport, communication and services related to broadcasting’, ‘electricity, gas, water supply and other utility services’ and 'financial, real estate and professional services'. The growth in the ‘agriculture, forestry and fishing’, ‘mining and ’,'manufacturing’, and ‘construction’ is estimated to be 2.1%, 2.9%, 4.6 % and 3.6% respectively.

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4.The ‘agriculture, forestry and fishing’ sector is likely to show a growth of 2.1% in its GVA during 2017-18, as against the previous year’s growth rate of 4.9%. The GVA estimates of this sector have been compiled using the First Advance Estimates of production of major kharif for 2017-18 and targets based on rabi sowings. According to the information furnished by the Department of Agriculture and Cooperation (DAC), the production of food grains during the Kharif season of agriculture year 2017-18 was 134.67 million tonnes as compared to 138.52 million tonnes during the same period in 2016-17. In case of livestock sector, estimates of production, mainly in the form of production targets for milk, egg, meat and wool from the Department of Animal Husbandry, Ministry of Agriculture has been used.

5. GVA at basic prices for 2017-18 from ‘mining and quarrying’ sector is estimated to grow by 2.9% as compared to growth of 1.8% in 2016-17. The key indicators of mining sector, namely, production of coal, crude oil and natural gas registered growth rates of 1.5 per cent, (-)0.2% and 3.7% respectively during April-November, 2017-18. Annual forecast of production estimated in respect of these items have been used to extrapolate the Provisional Estimates of value of output of coal, crude petroleum, and other major and minor minerals, respectively. IIP of mining registered growth rate of 3.4% during April-October, 2017-18. The advance estimate of IIP of Mining compiled for the current year has been used for compilation. The private corporate sector growth in the mining sector for 2017-18 is estimated using the information available on the performance of major listed companies during the first halfof financial year 2017-18.

6.GVA at basic prices for 2017-18 from ‘manufacturing’ sector is estimated to grow by 4.6 % as compared to growth of 7.9% in 2016-17. . The private corporate sector growth (which has a share of over 70% in the manufacturing sector) as estimated from available dataof listed companies is 7.4% at current prices during 2017-18. The quasi corporate and unorganized segment (which include individual proprietorship and partnerships and khadi &village Industries has a share of around 21% in the manufacturing sector) has been estimated using IIP of manufacturing. The advance estimates of IIP for the current year at 2-digit level isused to extrapolate the previous year’s value added estimates at 2-digit level, separately for the quasi corporate and household sectors. IIP manufacturing registered growth of 2.1% during April-October, 2017-18. The Wholesale Price Index (WPI), in respect of the manufactured registered a growth of 2.6% during April-November, 2017-18.

7. GVA at basic prices for 2017-18 from ‘Electricity, Gas, water supply and other utility services’ sector is expected to grow by 7.5% as compared to growth of 7.2% in

Indian Economy -Civil Service Gurukul

06 Jan 2018 08:34

Ecotax (short for Ecological taxation or Green taxation) refers to taxes intended to
promote environmentally friendly activities via economic incentives.
A Pigovian tax is a tax levied on any market activity that generates negative externalities
(costs not internalized in the market price).
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Indian Economy -Civil Service Gurukul

05 Jan 2018 17:04

https://drive.google.com/file/d/1j9jwUVbStMjrnIE7tVIlVLR0dtbLEd7-/view?usp=sharing

Indian Economy -Civil Service Gurukul

05 Jan 2018 12:29

Protection from imports took two forms: Tariffs and Quotas
Tariffs: Tax on imported goods; they make imported goods more expensive and discourage
their use.
Quotas: Specify the quantity of goods which can be imported

Indian Economy -Civil Service Gurukul

03 Jan 2018 07:08

National Agriculture Market

The National Agriculture Market (NAM) is envisaged as a pan-India electronic trading portal which seeks to network the existing APMC and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market, but it has a physical market at the backend.
NAM was announced during the Budget of 2014-15 and is proposed to be achieved through the setting up of a common e-platform to which initially 585 APMCs selected by the states are linked. NAM was launched on 14 April 2016 with 21 mandis from 8 States joining it and the first phase of connecting 250 mandis was over on 6 October 2016.
NAM will be implemented as a Centrally Sponsored Scheme through Agri-Tech Infrastructure Fund (ATIF). The Department of Agriculture & Cooperation (DAC), Ministry of Agriculture will set it up through the Small Farmers Agribusiness Consortium (SFAC).
The Central Government will provide the software free of cost to the states, and in addition, a grant of up to Rs. 30 lakhs per mandi /market will be given as a onetime measure for related equipment and infrastructure requirements. In order to promote genuine price discovery, it is proposed to provide the private mandis also with access to the software, but they would not have any monetary support from Government.

Indian Economy -Civil Service Gurukul

01 Jan 2018 15:05

From COMMERCE GURUKUL FAMILY

Indian Economy -Civil Service Gurukul

31 Dec 2017 20:33

🏆🏵✅GS paper 3 guidance UPSC mains 2018 and Indian Economy UPSC prelims 2018 guidance will be started from 16 January 2018.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .There are almost 15 topic consists of economy, agriculture,science and techonology , Disaster management and Internal securities.
✅2. All topic related with GS Paper 3 with proper guidance will be completed before february 2018.
✅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.

With best regards

Commerce Gurukul
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Mail ID- indianeconomyias@gmail.com

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Indian Economy -Civil Service Gurukul

31 Dec 2017 11:21

https://www.facebook.com/cadhananjay/posts/1599513093465537

Indian Economy -Civil Service Gurukul

31 Dec 2017 09:30

Join Soon @economyupsc

Indian Economy -Civil Service Gurukul

31 Dec 2017 09:27

🏆🏵✅GS paper 3 guidance UPSC mains 2018 and Indian Economy UPSC prelims 2018 guidance will be started from 16 January 2018.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .There are almost 15 topic consists of economy, agriculture,science and techonology , Disaster management and Internal securities.
✅2. All topic related with GS Paper 3 with proper guidance will be completed before february 2018.
✅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.

With best regards

Commerce Gurukul
www.commercegurukul.wordpress.com
Mail ID- indianeconomyias@gmail.com

For more details
Contact at
@cadhan
7678456921

Indian Economy -Civil Service Gurukul

31 Dec 2017 09:24

Green GDP
Green GDP is a term used for expressing GDP after adjusting for environment degradations.

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Green GDP is an attempt to measure the growth of an economy by subtracting the costs of environmental damages and ecological degradations from the GDP.

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Indian Economy -Civil Service Gurukul

31 Dec 2017 09:20

FDI routes:
#1. Automatic
A foreign company wishing to invest in India doesn’t have to seek prior approval of any body/ agency in India.
It can straight away bring in investments in India & has only to inform the RBI within 1 month of bringing its investment in a certain sector
This route is relatively hassle free due to which more than 55% of total FDI has come through this route

#2. Foreign Investment Promotion Board (FIPB)
It was established in 1992 (just after L-P-G reforms)
Investments upto Rs. 5000 crore from notified sectors have to go through its approval

#3. Cabinet Committee on Economic Affairs (CCEA)
This approves investments above Rs. 5000 crores from notified sectors

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Indian Economy -Civil Service Gurukul

30 Dec 2017 19:37

The objectives of Neeranchal Scheme
The Neeranchal Project will support PMKSY to improve watershed management practices and demonstrate measurable results in selected sub-watersheds
It will introduce new hydrological approaches and innovative tools for community participation with a more integrated watershed planning process
Pilot new field practices that will improve conservation outcomes, water availability, agricultural yields and climate resilience, and scale up a more effective monitoring and evaluation system to track performance
The project will be implemented by the Ministry of Rural Development over a six-year period (2016-21)
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Indian Economy -Civil Service Gurukul

07 Jan 2018 13:41

All figure are in INR

Indian Economy -Civil Service Gurukul

07 Jan 2018 13:41

2016- 17. Advance Estimate of IIP of Electricity compiled for 2017-18 has been used for compilation. IIP of Electricity registered a growth rate of 5.3% during April-October, 2017-18.

8. GVA at basic prices for 2017-18 from ‘Construction’ sector is expected to grow by 3.6 % as compared to growth of 1.7% in 2016-17. Key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rates of 0.6% and 4.2% respectively during April-November, 2017-18.

9. The estimated growth in GVA for the trade, hotels, transport and communication and services related to broadcasting services during 2017-18 is placed at 8.7% as against growth of 7.8% in the previous year. GVA from Trade sector is estimated using an index of turnover based on Sales tax. With introduction of GST, sales tax data is now subsumed under GST. Therefore, a comparable estimate of turnover based on sales tax has been estimated Among the other services sectors, the key indicators of railways, namely, the net tonne kilometres and passenger kilometres have shown growth rate of 4.8% and 3.2% respectively during April-November 2017- 18. Cargo handled at major sea ports registered growth of 3.5% during April-November, 2017-18. Passengers and cargo handled by civil aviation increased by 15.1% and 18.2% respectively during April- November, 2017-18. Sales of commercial vehicles registered growth of 10.6% during April-November, 2017-18.

10. The estimated growth in GVA for this Financial, insurance, real estate and professional services sector during 2017-18 is placed at 7.3% as compared to growth of 5.7% in 2016-17. corporate sector for real estate sector and computer related activities which are estimated using latest available information on listed companies for the first half of financial year 2017-18. The combined growth in aggregate bank deposits and credits as on 10 November 2017 was 8.4 per cent.

11. GVA at basic prices for 2017-18 from Public administration and defence and other services is expected to grow by 9.4% as compared to growth of 11.3% in 2016-17. The key indicator of this sector namely, Union Government expenditure net of interest payments and subsidies grew by 14.6% during April November2017-18.

12.The per capita income in real terms (at 2011-12 prices) during 2017-18 is likely to attain a level of `86660 as compared to `82269 for the year 2016-17. The growth rate in per capita income is estimated at 5.3% during 2017-18, as against 5.7% in the previous year.

13. GDP is derived by adding taxes on products net of subsidies on products to GVA at basic prices. GDP at current prices in the year 2017-18 is likely to attain a level of `166.28 lakh crore, asagainst `151.84 lakh crore in 2016-17 showing a growth rate of 9.5%.

14. The nominal Net National Income (NNI), also known as national income (at current prices) is likely to be `147.11 lakh crore during 2017-18, as against `134.08 lakh crore for the year 2016-17. In terms of growth rates, the national income registered a growth rate of 9.7% in 2017- 18 as against the previous year’s growth rate of 11.0%.Per Capita Income

15. The per capita net national income during 2017-18 is estimated to be `111,782 showing a rise of 8.3% as compared to `103,219 during 2016-17 with the growth rate of 9.7%.

16. Private Final Consumption Expenditure (PFCE) at current prices is estimated at `97.75 lakh crore in 2017-18 as against `89.27 lakh crore in 2016-17. At constant (2011-12) prices, the PFCEis estimated at `72.38 lakh crore in 2017-18 as against `68.07 lakh crore in 2016-17. In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2017-18 are estimated at58.8% and 55.7%, respectively, as against the corresponding rates of 58.8% and 55.8%, respectively in 2016-17.

17. Government Final Consumption Expenditure (GFCE) at current prices is estimated at ` 19.77 lakh crore in 2017-18 as against `17.69 lakh crore in 2016-17. At constant (2011-12) prices, the GFCE is estimated at `14.54 lakh crore in 2017-18 as against `13.40 lakh crore in

Indian Economy -Civil Service Gurukul

06 Jan 2018 12:26

WithCommerceGurukul_bot:
Key Initiatives in the last three years of Department of Investment and Public Asset Management (DIPAM)
http://commercegurukulca.blogspot.com/2018/01/key-initiatives-in-last-three-years-of.html

Key Initiatives in the last three years of  Department of
Investment and Public Asset Management (DIPAM)

<!--[if !supportLists]-->·       
<!--[endif]-->Total
disinvestment achieved in the last three years (2014-15 to 2016-2017) was Rs.
87,714 crore as against Rs. 53,670 crore in the previous three-year period;

<!--[if !supportLists]-->·       
<!--[endif]-->A
system of Rolling Plan has

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Indian Economy -Civil Service Gurukul

05 Jan 2018 18:06

https://drive.google.com/file/d/1j9jwUVbStMjrnIE7tVIlVLR0dtbLEd7-/view?usp=sharing

Indian Economy -Civil Service Gurukul

05 Jan 2018 12:50

Disinvestment: Privatisation of the public sector undertakings by selling off part of the
equity of PSUs to the public— to improve financial discipline and facilitate modernisation

Indian Economy -Civil Service Gurukul

03 Jan 2018 07:09

The Poverty Head Count ratio measures the proportion of population whose per capita income/ consumption expenditure is below the official Poverty line or in simple terms is measures the total number of people living below the poverty line.

Indian Economy -Civil Service Gurukul

03 Jan 2018 07:06

Antyodaya Anna Yojana (AAY): The objective of the scheme was to identify the poorest households among the BPL category and to provide each of them with the following:

Total 25 KG of food grains per month @ fixed price of RS 2 per KG for Wheat and RS 3 Per KG for Rice.
Individuals in the following priority groups are entitled to an AAY card, including:

landless agricultural labourers,
marginal farmers,
rural artisans/craftsmen such as potters and tanners,
slum dwellers,
persons earning their livelihood on a daily basis in the informal sector such as porters, rickshaw pullers, cobblers,
destitute,
households headed by widows or terminally ill persons, disabled persons, persons aged 60 years or more with no assured means of subsistence, and
all primitive tribal households.
The Food Corporation of India (FCI) is the nodal agency at the centre that is responsible for transporting food grains to the state godowns. Specifically, FCI is responsible for:

procuring grains at the MSP from farmers,
maintaining operational and buffer stocks of grains to ensure food security,
allocating grains to states,
distributing and transporting grains to the state depots,
selling the grains to states at the central issue price to be eventually passed on to the beneficiaries.

Indian Economy -Civil Service Gurukul

01 Jan 2018 05:13

💐💐💐💐💐💐💐💐
Wishing you and your family a very happy,memorable and prosperous New Year 2018, full of happiness, prosperity, great health, peace and harmony, cheer, attainment of goals that you set forth and togetherness with your loved ones.
💐💐💐💐💐💐💐
Stay happy, Stay healthy, Stay blessed by God..!!
🌼🌼🌼🌼🌼🌼🌼
॥ॐ॥
सुख, सम्पति, स्वरुप, संयम, सादगी, सफलता, साधना, संस्कार, स्वास्थ्य, सम्मान, शान्ति एवं समृध्दि की मंगलकामनाओं के साथ मेरे एवं मेरे परिवार की तरफ से आप एवं आप के परिवार को नये साल 2018 की हार्दिक शुभकामनाएं ॥ॐ॥
🌟🌟🌟🌟🌟🌟🌟🌟🌟With warm regards and best wishes from
CA Dhananjay Ojha and Ojha Family.
🌷🌷🌷🌷🌷🌷🌷
mail- cafirmdhananjayco@gmail.com
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Dhananjay & Co
(Chartered Accountant firm)
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Indian Economy -Civil Service Gurukul

31 Dec 2017 20:32

What is the main objective of a Payments Bank?

Let us consider an example – You pay salary to your Car driver in cash because he does not have a bank account. Individuals like him generally send money to his family members (who might be residing in his native place, a small village) through known people or he may use Money-order facility to remit the cash. But, more and more people like him are becoming mobile phone savvy. The payments Banks applicants will look to unbanked people like your car driver as low-hanging fruit to harvest as their first customers.(India has around 90 crore mobile users and out of which around 70 crores are active users. The total no of mobile subscribers in rural areas are 38 crores)Don’t get surprised if your neighbourhood supermarket or even your mobile phone can soon be doubled up as a Bank.So, the main objective of Payments Banks is to increase financial inclusion (to get more people into the banking system) by providing Small Savings Accounts, Payment or remittance services to low-income households / labour, small businesses etc.,Payments banks will provide basic banking services to people who currently do not have a bank account, including millions of migrant workers. Almost half of India’s population is unbanked.These banks will aim at providing high volume-low value transactions in deposits and Payments / remittance services in a secured technology-enabled environment.

Indian Economy -Civil Service Gurukul

31 Dec 2017 10:31

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Indian Economy -Civil Service Gurukul

31 Dec 2017 09:29

Human Development Index
The Human Development Index (HDI) is a statistical tool used to measure a country’s overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of educational attainment and their standard of living.
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Pakistani economist Mahbub ul Haq created HDI in 1990 which was further used to measure the country’s development by the United Nations Development Program (UNDP). Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for the standard of living.

Indian Economy -Civil Service Gurukul

31 Dec 2017 09:25

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Indian Economy -Civil Service Gurukul

31 Dec 2017 09:22

FDI Impact on Inflation


The FDI’s impact on dampening the inflation is based upon the assumption that FDI would result in the developing of country’s back-end infrastructure and crack the supply bottlenecks.

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Practically, it may or may not happen
Economics has no rule to link FDI and Inflation because inflation may have many reasons behind it rather than only infrastructure and supply bottlenecks Generally the FDI’s role in containing inflation is supported by the facts that- it improves infrastructure, improves supply chain, brings permanent investment.

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Indian Economy -Civil Service Gurukul

30 Dec 2017 19:40

Fixing of Minimum Support Price
Government fixes MSPs of various kharif & rabi crops every year. Commission for Agricultural Costs & Prices (CACP) takes care of this.
Procurement under MSP is undertaken by the designated Central and State Government agencies and Cooperatives.
Producers have the option to sell their produce to Government agencies or in the open market as is advantageous to them.
States/UTs have been advised to amend their respective State APMC Acts on the lines of Model Act, 2003.

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Indian Economy -Civil Service Gurukul

30 Dec 2017 19:25

social security and boarder issues notes has been send.
To get in free of cost .
Interested one can contact at
@cadhan