Vision IAS Mains 365 Economy 2019 English Medium
Table of Contents
1. EMPLOYMENT, SKILL DEVELOPMENT AND
LABOUR REFORMS____________________ 3
1.1. Unemployment and Skill Development _ 3
1.1.1. Unemployment Data _________________ 5
1.1.2. Skill India Mission ___________________ 6
1.2. Labour Reforms ____________________ 7
1.2.1. Consolidation of Labour Laws __________ 7
1.2.2. National Minimum Wage _____________ 9
1.2.3. Fixed-Term Employment Rules ________ 10
2. INCLUSIVE GROWTH _______________ 12
2.1. Financial Inclusion _________________ 12
2.1.1. Pradhan Mantri Jan Dhan Yojana ______ 12
2.2. Poverty and Human Development ____ 14
2.2.1. Human Development Index __________ 14
2.2.2. Poverty and Shared Prosperity 2018 ___ 15
2.2.3. Multidimensional Poverty Index-2018 __ 15
2.3. Social Security ____________________ 17
2.3.1. Minimum Basic Income______________ 17
2.3.2. Insurance Sector in India_____________ 18
2.4. Circular Economy __________________ 19
2.5. Blue Economy ____________________ 20
3. FISCAL POLICY AND RELATED NEWS ___ 22
3.1. Fiscal Policy ______________________ 22
3.1.1. Independent Fiscal Council ___________ 22
3.1.2. Indian Statistical System _____________ 23
3.1.3. GDP Estimation in India _____________ 25
3.1.4. Middle Income Trap ________________ 27
3.2. Resource Mobilisation _____________ 29
3.2.1. Indirect Taxation- Two years of GST ____ 29
3.2.2. Direct Taxation ____________________ 31
3.2.3. National Investment and Infrastructure
Fund __________________________________ 32
3.2.4. Steps Taken To Curb Tax Evastion _____ 33
3.3. Debt and its Resolution _____________ 35
3.3.1. Status Paper on Government Debt ____ 35
3.3.2. National Financial Reporting Authority _ 37
3.3.3. Insolvency and Bankruptcy Code ______ 37
3.4. Digital Economy ___________________ 40
3.4.1. Digital Payment Systems in India ______ 40
3.5. Other Finance Related News ________ 42
3.5.1. Insider Trading_____________________ 42
3.5.2. Credit Rating Agencies ______________ 42
4. BANKING AND MONETARY POLICY ___ 45
4.1. Asset Quality _____________________ 45
4.1.1. Decline in NPAs ____________________ 45
4.1.2. Non-Banking Financial Companies (NBFCs)
______________________________________ 47
4.2. Monetary Policy Transmission _______ 49
4.3. Bank Consolidation ________________ 50
4.4. Differential Banks/ Niche Banks ______ 52
4.4.1. Small Finance Banks _________________ 52
4.4.2. India Post Payments Bank (IPPB) _______ 53
5. EXTERNAL SECTOR _________________ 56
5.1. Capital Account Liberalisation _______ 56
5.2. Current Account Deficit _____________ 57
6. CORPORATE GOVERNANCE __________ 59
6.1. Shell Companies __________________ 59
7. AGRICULTURE AND ALLIED SECTOR ___ 60
7.1. Agricultural Census ________________ 62
7.2. Agricultural Inputs _________________ 63
7.2.1. PM Kisan Samman Nidhi _____________ 63
7.2.2. Pradhan Mantri Annadata Aay Sanrakshan
Abhiyan (PM-AASHA) _____________________ 64
7.3. Agricultural Insurance ______________ 66
7.3.1. Pradhan Mantri Fasal Bima Yojana (PMFBY)
______________________________________ 66
7.3.2. Farm Loan Waiver __________________ 67
7.3.3. Policy Bias against Rainfed Agriculture __ 68
7.4. Agricultural Marketing _____________ 70
7.4.1. Ending APMC Monopoly _____________ 70
7.4.2. Agriculture Export Policy, 2018 ________ 71
7.4.3. Food Grain Management in India ______ 74
7.5. Allied Sectors _____________________ 76
7.5.1. Fisheries __________________________ 77
7.5.2. Horticulture _______________________ 78
7.6. Agricultural Education ______________ 79
8. INDUSTRIAL POLICY AND ASSOCIATED
ISSUES ____________________________ 81
8.1. Micro, Small and Medium Enterprises _ 82
8.2. SEZ Policy Report __________________ 84
8.3. National Mineral Policy 2019 ________ 86
8.4. National Policy on Electronics ________ 87
8.5. Fourth Industrial Revolution _________ 88
8.6. Solar Manufacturing in India ________ 89
8.7. Technical Textiles _________________ 91
9. SERVICES SECTOR __________________ 92
9.1. Draft E-Commerce Policy ___________ 92
9.2. National Policy for Software Products _ 93
9.3. National Digital Communications Policy
2018 _______________________________ 94
9.4. Real Estate Investment Trust ________ 95
9.5. Pricing of Drugs ___________________ 96
10. INFRASTRUCTURE ________________ 99
10.1. Draft National Urban Policy Framework
___________________________________ 99
10.2. Smart Cities Mission _____________ 101
10.3. Draft National Logistics Policy _____ 102
10.4. Report on Project/ Program Management
__________________________________ 103
11. TRANSPORT SECTOR _____________ 105
11.1. First Multi-Modal Terminal on Inland
Waterways _________________________ 105
11.2. Railway Safety __________________ 106
12. ENERGY SECTOR ________________ 108
12.1. Hydro Power Sector______________ 108
12.2. Revival of Stressed Thermal Power Plants
___________________________________ 110
12.3. Draft Electricity Amendment Bill ___ 111
12.4. Pradhan Mantri Ujjwala Yojana (PMUY)
___________________________________ 113
12.5. DISCOM Debt to Return to Pre-UDAY
Levels _____________________________ 114
13. MISCELLANEOUS ________________ 116
13.1. Nobel Prize in Economics _________ 116
Vision Mains Test Series
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