Agriculture. Some Aspects of Indian Economy. Mineral Resources of India. Forest Resources of India. National Income of India. Industry.

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1 9 Editorial 11 Indian Economy : A Few Facts : At A Glance Some Aspects of Indian Economy 22 Underdeveloped Country 22 Salient Features of Indian Economy 23 Important Infrastructural Components in India 23 Largest Economies of the World 25 Nature of Unemployment in India 26 68th Round of NSSO : Unemployment on the Rise, Women hit Worst 27 Human Development Report Rangarajan Panel Report on Poverty 30 India is Poorest in South Asia after Afghanistan : Oxford Varsity Study 31 India Human Development Report Inequality in India 32 Guidelines Changed for New BPL Census 32 Multidimensional Poverty Index Mineral Resources of India 36 Commercial Sources of Energy 38 Non-conventional Sources of Energy 38 Jawahar Lal Nehru National Solar Mission 39 Power Generation in India Forest Resources of India 39 State Forest Report, 2013 National Income of India 41 Concepts of National Income 41 Methods of Measuring National Income 42 CSO Releases Provisional Estimates of National Income for Population 44 Population Touches 1 21 billion Level, but Growth Rate Declines in Census Population Policy 2000 Agriculture 48 Agriculture and Food Management in India 49 Horticulture 50 Mission for Integrated Development of Horticulture (MIDH) 50 Operational Holding in India ( ) 51 India s Productivity vis-a-vis World Average and Country with Highest Yield for Major Crops 51 Land Use Pattern in India 51 Land Use 51 Kisan Call Centres 51 Land Reform Programmes 52 Parliament Passed Land Acquisition Bill 52 The National Food Security Act 53 Agriculture Marketing 53 National Agricultural Insurance Scheme (NAIS) Modified National Agricultural Insurance Scheme (MNAIS) 54 Pilot Coconut Palm Insurance Scheme (CPIS) 55 Green Revolution in India 55 Animal Husbandry & Dairy : Highlights 55 White Revolution and Operation Flood in India 56 Irrigation 56 Yellow Revolution 56 Agricultural Credit 57 Flow of Agricultural Credit 57 Kisan Credit Card Scheme 57 Agriculture Trade : WTO Agreements Industry 58 New Industrial Policy 58 National Manufacturing Policy 59 Industrial Performance : At a Glance 59 New Policy for Small Industries 59 Rajiv Gandhi Udyami Mitra Yojana (RGUMY) 60 Annual Survey of Industries for Companies Bill Receives President s Assent PD / Economy / 3

2 61 Micro, Small & Medium Enterprises (MSME) 61 National Manufacturing Competitiveness Programme 62 Cotton and Textiles Industry 63 Iron and Steel Industry 63 Sugar Industry 63 Cement Industry 64 Jute Industry 64 Paper Industry 64 Coal Industry 65 Gems and Jewellery Industry 65 Petroleum Industry 65 Refining Capacity in India 66 Central Public Sector Enterprises (CPSEs) 66 Eligibility Criteria for Grant of Maharatna Status 66 Eligibility Criteria for Grant of Navaratna Status 66 Eligibility Criteria for Miniratna Status 66 Mini Ratna Scheme 67 Maharatna and Navratna Companies 67 Multinational Corporations 67 Industrial Finance 67 Delhi-Mumbai Industrial Corridor Project 67 Chennai-Bengaluru Industrial Corridor (CBIC) 67 Bengaluru-Mumbai Economic Corridor (BMEC) 67 East Coast Economic Corridor (ECEC) including Vizag Chennai Industrial Corridor (VCIC) 68 Amritsar-Kolkata Industrial Corridor (AKIC) Money and Banking 68 Different Stages of the Development of Indian Banking 69 Reserve Bank of India 69 Quantitative and Qualitative Credit Control 69 Selective Credit Control 70 Nachiket Mor Committee s Report s Highlights 70 Micro Finance 70 Commercial Banks 71 BRICS Development Bank 71 Cheques/Drafts Valid for 3 Months Only 71 Foreign Bank s Operation in India 71 Indian Banks Abroad 71 Co-operative Banks 71 Regional Rural Banks 71 RBI s Key Guidelines for Corporate India to Enter Banking Sector 72 Bhartiya Mahila Bank Ltd. 72 Non-Banking Financial Companies (NBFCs) 72 Debt Recovery Tribunals 72 Capital Adequacy Ratio Standards for Banks and Non-banking Financial Institutions 73 Banking Ombudsman Scheme 73 Proposed Functions of Regulatory Bodies Envisaged by FSLRC 73 Weak Commercial Bank : New Definition 74 Banking in India 74 Statewise Distribution of Deposits and Credit of Scheduled Commercial Banks in India and Commercial Banks in India At a Glance 75 Capital Market 76 Commodity Futures Market 76 Securities and Exchange Board of India (SEBI) 76 Depository System in India 77 Computerised Online Trading in Share Markets 77 Women in Indian Financial Sector 77 Rajeev Gandhi Equity Saving Scheme Launched 77 National Bank for Agriculture and Rural Development (NABARD) 78 National Housing Bank (NHB) 78 Housing Price Index 78 India s First Mortgage Guarantee Company Set Up 78 Rural Infrastructure Development Fund 78 India Infrastructure Finance Company (IIFCL) 79 Agriculture and Rural Development Banks 79 Insurance Industry in India 79 General Insurer s Public Sector Association of India (GIPSA) 80 Important Insurance Policies : At a Glance 81 Agriculture Insurance Company of India Limited (AICIL) 81 Introduction of New Series of Consumer Price Index CPI (R + U) 82 Money Stock Measures in India 83 Retail Prices Based Three Consumer Price Index Launched Development, Poverty Alleviation and Employment Generation Programmes in India 83 Pradhan Mantree Jan Dhan Yojna 83 Sansad Adarsh Gram Yojna 83 National Rural Livelihood Mission Aajeevika PD / Economy / 4

3 84 Bharat Nirman Yojana Launched 84 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) 85 Wage Rates under MGNREGA Raised 85 Indira Awas Yojana (IAY) 86 Pradhan Mantri Gram Sadak Yojana (PMGSY) 86 Drought-Prone Area Programme (DPAP) 86 Desert Development Programme (DDP) 86 National Food Security Scheme Swarna Jayanti Shahari Rozgar Yojana (SJSRY) 88 National Urban Livelihood Mission 88 Antyodaya Anna Yojana (AAY) 88 Annapurna Scheme 88 Village Grain Bank Scheme 89 Valmiki Ambedkar Awas Yojana (VAMBAY) 89 Rashtriya Mahila Kosh (National Women Fund) 89 Various Women Oriented Schemes of State Governments 89 Krishi Vigyan Kendra 89 Janani Suraksha Yojana 90 National Rural Health Mission (NRHM) 90 National Urban Health Mission (NUHM) 90 The Sangam Yojana for the Handicapped 91 CAPART 91 Prime Minister s Employment Generation Programme (PMEGP) 91 Rural Electrification in India 92 Rajeev Gandhi Gramin Vidyutikaran Yojana (RGGVY) 92 Remote Village Electrification Programme 92 Rajiv Gandhi Gramin LPG Vitran Yojana (RGGLVY) 92 Rural Drinking Water 92 Rural Sanitation : Total Sanitation Campaign (TSC) Nirmal Gram Yojana 93 National Social Assistance Programme 93 Kasturba Gandhi Balika Vidyalaya (KGBV) 93 Rajeev Awas Yojana 93 Aam Admi Bima Yojana (AABY) 94 Self-Employment Programme for the Urban Poor (SEPUP) 94 Jawaharlal Nehru National Urban Renewal Mission (JNNURM) 94 Swabhiman Scheme to Open Bank Accounts in Villages 94 Indira Gandhi Matritva Sahyog Yojana (IGMSY) 95 Pratibha Kiran Yojana 95 Rajeev Gandhi Scheme for Empowerment of Adolescent Girls SABLA 95 Members of Parliament Local Area Development Scheme (MPLADS) 95 Mahila Samridhi Yojana 95 Jan Arogya Bima Policy 96 UTI Launches Micro Pension Scheme for Unorganised Poor Indian Workers 96 Raj Rajeshwari Mahila Kalyan Yojana 96 Bhagyashree Child Welfare Bima Yojana 96 Rashtriya Swasthya Bima Yojana (RSBY) 96 Indira Mahila Yojana 96 Rajeev Gandhi Shramik Kalyan Yojana 96 National Mission for Empowerment of Women 96 Shiksha Sahayog Yojana 97 Sarva Shiksha Abhiyan 97 Mid-Day Meal Scheme for School Children 97 Jan Shree Bima Yojana 98 Rashtriya Madhyamik Shiksha Abhiyan 98 Rashtriya Uchchatar Shiksha Abhiyan 98 The Unorganized Workers, Social Security Act LIC Launches Jeevan Arogya Health Policy 99 Khadi and Village Industries Development Scheme Foreign Trade and Balance of Payments 100 Volume of India s Foreign Trade 100 India s Merchandise Trade 100 Export Composition 101 Import Composition 102 Direction of Foreign Trade 103 India s Service Trade 104 Foreign Trade Policy New Foreign Trade Policy : Recent Developments in Bilateral & Regional Co-operation 106 Balance of Payments Position in India 106 Trends in India s Current Account Deficit in Import Liberalisation 107 SEZ in India 107 Special Economic Zone Act, SEZ Norms Liberalised ( ) 108 Export Promotion Capital Goods Scheme (EPCGS) 108 Export Development Centres 108 Foreign Direct Investment (FDI) PD / Economy / 5

4 108 Govt. Notifies 100% FDI in Single-brand Retail 109 FDI Norms Eased for Small Scale Sector 109 Mayaram Panel Recommends 9 Sectors for 49% FDI 110 Foreign Exchange Reserves in India 110 Foreign Exchange Management Act (FEMA) 110 Money Laundering Prevention Act 110 India s External Debt 111 India is Third Largest Indebted Country 111 NEER and REER Transport and Communications 112 Railways 112 Indian Transport Sector : An Overview 112 Railways : Some Latest Facts 113 Introduction of Bio-toilets 113 Salient Features of the National Rail Vikas Yojana 113 Konkan Railway Plan 113 The Bauddha Luxury Train in U.P. 113 Vivek Express Now Longest Distance Covering Train 114 India to Join Trans-Asian Rail Network 114 Road Transport 114 National Highway Development Project (NHDP) 114 Water Transport 115 Central Road Fund 115 Rural Roads 115 SARDP NE 116 Air Transport 116 Airport Authority of India 116 Airport Infrastructure 117 International Airport Status to Five More Domestic Airports 117 GAGAN Project 117 New Telecom Policy 2012 Provides Nationwide Free Roaming 118 Nation-wide Mobile Number Portability Launched 118 Sanchar Shakti 118 Gramin Sanchar Sewak Scheme (GSSS) 118 USOF Public Finance 119 Financial Relations between Centre and States 119 Service Tax 120 Consolidated Funds of India and of the States 120 Contingency Fund 120 Public Accounts of India and of the States 120 Tax Administration Reform Commission, 2013 to Review Tax Laws, Implementation 121 Finance Commission 121 Thirteenth Finance Commission Report th Finance Commission Constituted 123 Value Added Tax (VAT) 123 Black Money Accounts for 10% of GDP : Study Report 124 Economic Survey Railway Budget Union Budget Economic Planning in India 136 History of Planning in India 136 Planning Commission of India 136 National Development Council NDC 137 First Five Year Plan 137 Second Five Year Plan 137 Third Five Year Plan 138 Three Annual Plans 138 Fourth Five Year Plan 138 Fifth Five Year Plan 139 Sixth Five Year Plan 139 Seventh Five Year Plan 139 Eighth Five Year Plan 140 Ninth Five Year Plan 141 Tenth Five Year Plan 142 India Vision Eleventh Plan ( ) 143 National Targets of the 11th Plan ( ) 144 Vision of 12th Five Year Plan ( ) 145 Strategy Challenges : Twelfth Five Year Plan ( ) International Organisations 146 International Monetary Fund (IMF) 146 International Bank for Reconstruction and Development (IBRD) 148 International Development Association (IDA) 148 International Finance Corporation (IFC) 148 Multilateral Investment Guarantee Agency 148 International Centre for Settlement of Investment Disputes 149 General Agreement on Tariffs and Trade (GATT) 149 Uruguay Round and Dunkel Proposals 149 World Trade Organisation (WTO) 150 Important International Organisations : A View PD / Economy / 6

5 151 United Nations Conference on Trade and Development (UNCTAD) 151 Asian Development Bank (ADB) 152 ADB s Aid to India for Infrastructure Development 152 International Fund for Agricultural Development (IFAD) 152 South Asian Association for Regional Cooperation (SAARC) 153 South Asian Free Trade Area (SAFTA) 153 Association of South-East Asian Nations (ASEAN) 154 ASEAN to Create Free Trade Area (FTA) by ASEAN Summits 154 Organisation of the Petroleum Exporting Countries (OPEC) 154 G-8 (Formerly G-7) 155 G G G G Organisation for Economic Co-operation and Development (OECD) 156 The European Coal and Steel Community (ECSC) 156 BENELX 156 European Economic Community (EEC) or European Common Market (ECM) 156 European Free Trade Association (EFTA) 156 European Unification and Maastricht Treaty 157 North American Free Trade Agreement (NAFTA) 157 Asia Pacific Economic Co-operation (APEC) 157 Asian Clearing Union (ACU) 157 Apec Summits 157 Mercosur 158 Pan American Trade Agreement 158 Indian Ocean Rim Association for Regional Co-operation (IORARC) 158 Food and Agriculture Organisation (FAO) Important Events 159 OMCs Allowed to Fix Diesel Prices 159 India at 8th Rank in Black Money : GFI 159 Structure of the Global Gender Gap Index 160 Black Money in India : A Huge Parallel Economy within the Country 160 India Stands 101st in Gender Gap Index 2013 : WEF 160 India Ranks 120th in Economic Freedom Index for India Ranks 134th in World Bank s Doing Business List 160 Corruption Perception Index India Slips 10 Places in Global Innovation Index 161 India Placed at 63rd Rank in Global Hunger Index Global Risks 2014 Report 162 Certification Marks 163 Third Billion Index 164 India Stands Second in Innovation Efficiency Index 164 UNIDO Report Includes India in Top 10 Industrial Nations 164 India Slips Down in Global Competitiveness Index 164 CTS Cheques to be Operational w.e.f. July 1, India Replace Japan as World s 3rd Largest Economy 165 Govt. Tables White Paper on Black Money in Parliament 165 Govt. to Create Innovation Fund with 5000 crore 165 New Rehabilitation Policy for Farmers 166 India-ASEAN FTA Becomes Operative w.e.f. January 1, National Dairy Plan Phase-I Launched 166 Indian Dairy Cooperatives : A Story of Success 167 Marginal Decline in Country s Total Fertility Rate 167 Retail Prices Based Three Consumer Price Index Launched 167 India Achieves UN Millennium Goal for Drinking Water 167 PAN to Become Mandatory for All Bank Transactions 168 India Ranked at 115 on Women Empowerment Scale 168 Indian Spends less than 21 a day : NSSO Survey 168 PURA 168 Orange Card 169 Fruit Product Ordinance (F.P.O.) 169 Planning Commission s India Vision Agriculture Gene Bank in India 169 National Mission for Sustainable Agriculture 169 Zero Coupon Bond PD / Economy / 7

6 170 India Leaves China Behind in Social Protection 170 Targeted Public Distribution System 170 Revamped Public Distribution System (RPDS) 171 Difference between Prices of RPDS and PDS 171 Deccan Odyssey 171 Golden Handshake Scheme 171 Exclusive Economic Zone (EEZ) 171 India Brand Equity Fund 171 Indian Hydrocarbon Vision Credit Cards 172 Credit Rating Agencies 172 Mega City Scheme 172 Consumer Protection Act, 1986 (COPRA-1986) 172 Essential Commodities Act 173 CONCORD Scheme of Confederation of Indian Industries (CII) 173 Commission on Labour Standards 173 MODVAT 173 Second Labour Commission 174 Important Latest Committees 174 National Safety Council 174 Harkin Bill 174 Counter Trade Policy 174 Floriculture Centres 174 Open Sky Policy 174 Sui Generis 175 Economics Nobel Prize Latest Services of Postal Departments 175 Special 301 and Super 301 Trade Protection Policies of USA 175 Street Children Scheme 176 Workmen s Compensation Act Amended 176 Fiscal Drag 176 Tobin Tax 176 Footloose Industry 176 Exit Policy 176 Independent World Commission on Oceans 176 `1 lakh crore Infrastructure Projects : Central Government s Plan to Boost Economy 177 Multiple Choice Questions The concurrence of the views of the Editor is not necessary for any matter or figure published in Pratiyogita Darpan. Editor PD / Economy / 8

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