Category Archives: Economics

Economic Survey 2017 Series-6: Two India- White Tigers and Non-White Tigers

TWO INDIA: White Tigers and others

“….an India of Light and an India of Darkness………..Every place on map of India near Oceans is well off. But the rivers bring darkness to India.”  The White Tiger by Arvind Adiga

The above …

Economic Survey 2017 Series-5: Vulnerables and Inclusive growth

Inclusive growth can never be achieved without the development of all sections of societies, particularly the vulnerable sections. Several steps and schemes have been launched since independence to promote development of weaker sections of society.

Schemes for Minority 

  1. Nai Roshni

Economic Survey 2017 Series-4: UNIVERSAL BASIC INCOME

Universal Basic Income has three components:

  1. Universality
  2. Unconditionality
  3. Agency (by providing support in the form of cash transfers to respect, not to dictate the recipients).

Objectives of UBI:

  1. To achieve social justice: minimum income assures guarantee of a minimum decent

Economic Survey 2017 Series-3: Cyclical Policy- India and Advanced Economies

Global crisis, financial management and India

Cyclical policy

It refers to the government’s approach towards spending and taxation during different cyclical economy

Pro cyclical policy

It refers to the government policy of

  • Increasing spending and reducing taxes during boom period

Economic Survey Series-2: Twin Balance Sheet Problem

Twin balance sheet problem and Indian Paradox

Twin balance sheet problem refers to the burden of over leveraged companies and bad loans of banks.

This happened in East Asia during 1997-1998 & US & EU in 2008-2009 but unlike these …

Demonetisation: The real need and compulsions

Government took a major initiative to cling the economic system through demonetization. It created huge  economic disruption with 85% currency reverting back to the banks. According to government, the 4 major objectives behind this demonetisation is to curb

  1. Corruption
  2. Counterfeiting

India and Rating Agencies: controversies and reality

India’s position has remained unchanged since long on the list of Big 3 Credit Rating Agency (CRA), viz. S & P, Moody’s and Fitch.

This reason given by these agencies are

  1. PCI of India shows little variation since long.
  2. Weak

Mock Test for 2017 Prelims: Economics

Q.1. Which of the following are the advantages of SCO for India?

  1. Energy Security
  2. Counter-terrorism
  3. Balancing Act against Pro-US image
  1. Only 1
  2. 1 & 2
  3. 2 & 3
  4. 1,2 & 3

Q.2. According to SIT, Participatory Note are safe tool

Mock Test for IAS Mains: GS- III Economics

  1. “Twin economic strikes of demonetization and GST implementation present more contradictions than coherence”, comment.
  2. “Trade war between USA and China will enhance global market volatility as well as promote India directed investment”, do you agree?
  3. Why RBI raised only RRR

Drug Price control in India

Friends lets clear your concept about DPCO

If the Government keeps a close watch over diesel prices, air fares and even mobile phone tariffs, why doesn’t it do something about the spiralling prices of medicines? If that’s your question, it …

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