Global rating agency Moody’s changed the outlook on India’s economy to ‘Negative’ from ‘Stable.’ However, it has affirmed the sovereign rating of ‘Baa2.’ The change in outlook means that an upgrade in ratings in near future is unlikely. ‘Baa2’ is a notch above last investment grade. Outlook and rating are key considerations for foreign investors to make investment in any country. India’s GDP growth rate slowed down to 5 perRead More
India slips 3 ranks in AT Kearney’s FDI Confidence Index, comes at 11th India is no longer among top 10 destinations for FDI in terms of its attractiveness according to AT Kearney FDI Confidence Index 2018 India has slipped 3 positions down from 8th in 2017 in the AT Kearney’s FDI Confidence Index 2018 In 2016, India ranked 9th in the FDI confidence index What are the reasons for India’s fallRead More
NITI Aayog (National Institution for Transforming India): National Institution for Transforming India or NITI Aayog is a policy think-tank of Government of India. It replaces Planning Commission and aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice to the central and the state governments i.e. by adopting bottom-up approach rather than traditional top-down approach as in planning commission. The Prime Minister of India will head the NITI Aayog asRead More
Pradhan Mantri Jan-Dhan Yojana (PMJDY) – Financial Inclusion Scheme Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Under Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme: Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh(toRead More
Shanta Kumar Committee Report – FCI restructuring: Government of India had set up a High Level Committee (HLC) in August 2014 with Shri Shanta Kumar as the Chairman to suggest restructuring or unbundling of FCI with a view to improve its operational efficiency and financial management. HLC was also asked to suggest measures for overall improvement in management of foodgrains by FCI; to suggest reorienting the role and functions of FCIRead More
Mint Rural Distress Index: The index provides equal weightage to fall in farm wage growth, which affects the purchasing power of agricultural labourers, and fall in tractor sales growth, a proxy for rural sentiment and demand.The index captures more than just a fall in agricultural production, which is only one aspect of the rural economy in India. Three components of Mint rural distress index are: Growth of farm output Rural wages TractorRead More
Minimum Support Price Calculation- Ramesh Chand Committee: The committee was constituted by the Union agriculture ministry to examine the mandate of the Commission for Agricultural Costs and Prices (CACP) and various aspects of fixation of minimum support price (MSP). In its recommendations, it has suggested a complete revamp of methodology to calculate MSP and introduction of mechanisms, such as Deficiency Price Payment (DPP) or Price Insurance (PI) for price surety,Read More
Economy topics for UPSC 2015: Jan Dhan Yojana: Read about this Here: NITI Aayog (National Institution for Transforming India): Read about Niti Aayog Here: Shanta Kumar Committee – FCI Restructing: Read the Main points of the Report Here: Mint Rural Distress Index: A Mint index of rural distress is based on the growth of farm output, rural wages and tractor sales. Read more about Mint Rural Distress Index Here: DDRead More