Population. Agriculture

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1 11 Editorial 13 Indian Economy : A Few Facts : At A Glance 22 Appointments Some Aspects of Indian Economy 23 Underdeveloped Country 23 Salient Features of Indian Economy 24 Important Infrastructural Components in India 25 Largest Economies of the World 25 Nature of Unemployment in India 26 4th Annual Employment-Unemployment Survey Report Human Development Report Task-force for Identification of Poor 28 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 33 Multidimensional Poverty Index Mineral Resources of India 36 Commercial Sources of Energy 38 Non-conventional Sources of Energy 39 Power Generation in India Forest Resources of India 40 State Forest Report, 2013 National Income of India 41 Concepts of National Income 42 New Mathodology to Measure National Income 42 Methods of Measuring National Income 43 Smaller States Show Better Economic Performance : CSO 43 Advanced Estimates of National Income for Uttar Pradesh Registers Lowest CAGR Among BIMARU States in 9 years : ASSOCHAM Population 46 Population Touches 1 21 billion Level, but Growth Rate Declines in Census Census 2011 : Assam Records highest rise in Muslim Population 49 Population Policy 2000 Agriculture 50 Second Advanced Estimates of Foodgrain s Output Horticulture 52 Mission for Integrated Development of Horticulture (MIDH) 53 Operational Holding in India ( ) 53 India s Productivity Vis-a-vis World Average and Country with Highest Yield for Major Crops 53 Land Use Pattern in India 53 Land Use 53 Kisan Call Centres 54 Land Reform Programmes 54 Parliament Passed Land Acquisition Bill 54 The National Food Security Act 56 Agriculture Marketing 56 National Agricultural Insurance Scheme (NAIS) Green Revolution in India 57 Animal Husbandry & Dairy : Highlights 58 Modified National Agricultural Insurance Scheme (MNAIS) 58 19th Livestock Census White Revolution and Operation Flood in India 59 Irrigation 59 Yellow Revolution 60 Agricultural Credit 60 Kisan Credit Card Scheme 60 Agriculture Trade : WTO Agreements Industry 61 New Industrial Policy 61 National Manufacturing Policy 62 Make in India Launched PD / Economy / 3

2 62 New Policy for Small Industries 63 Rajiv Gandhi Udyami Mitra Yojana (RGUMY) 63 Annual Survey of Industries for Companies Bill Receives President s Assent 64 Micro, Small & Medium Enterprises (MSME) 65 National Manufacturing Competitiveness Programme 65 Cotton and Textiles Industry 66 National Manufacturing Policy 66 Fair Schemes for Growth of Technical Textiles Announced 66 Iron and Steel Industry 67 Sugar Industry 68 Cement Industry 68 Jute Industry 68 Paper Industry 68 Coal Industry 69 Gems and Jewellery Industry 69 Food Processing Industry 69 Petroleum Industry 70 Refining Capacity in India 71 Eligibility Criteria for Grant of Maharatna Status 71 Eligibility Criteria for Grant of Navaratna Status 71 Eligibility Criteria for Miniratna Status 71 Mini Ratna Scheme 71 Maharatna and Navratna Companies 71 Multinational Corporations 72 Industrial Finance 72 Delhi-Mumbai Industrial Corridor Project 72 Chennai-Bengaluru Industrial Corridor (CBIC) 72 Bengaluru-Mumbai Economic Corridor (BMEC) 72 East Coast Economic Corridor (ECEC) including Vizag-Chennai Industrial Corridor (VCIC) 72 Amritsar-Kolkata Industrial Corridor (AKIC) 73 Minimum Pension of ` 1000 under EPFO; wage ceiling up at ` 15, Pandit Deendayal Upadhyay Shramev Jayate Scheme Money and Banking 74 Different Stages of the Development of Indian Banking 75 Reserve Bank of India 75 Quantitative and Qualitative Credit Control 76 Selective Credit Control 76 Nachiket Mor Committee s Report s Highlights 76 Micro Finance 76 Commercial Banks 77 BRICS Development Bank 77 Cheques/Drafts Valid for 3 Months Only 77 Foreign Bank s Operation in India 77 Indian Banks Abroad 77 RBI Releases Charter of customer Rights 77 Sixth Bi-Monthly Monetary Policy Review Inflation sinks to a Record Low in February Regional Rural Banks 78 Lok Sabha Passed RRB (Amendment) Bill, Bhartiya Mahila Bank Ltd. 79 Gyan Sangam 79 Pradhan Mantree Jan-Dhan Yojana 79 JAM Trinity 79 Contactless credit and Debit cards by ICICI Bank 79 Capital Adequacy Ratio Standards for Banks and Non-Banking Financial Institutions 80 Banking Ombudsman Scheme 80 Debt Recovery Tribunals 80 RBI s Final Norms for Small, Payment Banks 80 MUDRA Bank 80 Proposed Functions of Regulatory Bodies Envisaged by FSLRC 81 Weak Commercial Banks : New Definition 81 Banking in India 81 Government to Infuse ` 6,990 crore in 9 Public Sector Banks 82 Pockets : ICICI Bank s Answer to Payments Banks 82 Statewise Distribution of Deposits and Credit of Scheduled Commercial Banks in India Commercial Banks in India At a Glance 83 Capital Market 84 Commodity Futures Market 84 Securities and Exchange Board of India (SEBI) 84 Depository System in India 85 Computerised Online Trading in Share Markets 85 Women in Indian Financial Sector 85 Rajeev Gandhi Equity Saving Scheme Launched 85 National Bank for Agriculture and Rural Development (NABARD) 86 National Housing Bank (NHB) 86 Housing Price Index 86 India s First Mortgage Guarantee Company Set Up 86 Rural Infrastructure Development Fund PD / Economy / 4

3 86 India Infrastructure Finance Company (IIFCL) 87 Agriculture and Rural Development Banks 87 Insurance Industry in India 87 General Insurer s Public Sector Association of India (GIPSA) 88 Important Insurance Policies : At a Glance 89 Agriculture Insurance Company of India Limited (AICIL) 89 CPI Basket weights Revised, Base year changed from 2010 to Money Stock Measures in India 91 Retail Prices Based Three Consumer Price Index Launched Development, Poverty Alleviation and Employment Generation Programmes in India 91 Deen Dayal Antyodaya Yojana Launched 91 Pradhan Mantri Kaushal Vikas Yojana 91 Clean India Mission, HriDay : ` 500 crore Scheme to Rejuvenate 12 Heritage cities 92 National Rural Livelihood Mission Aajeevika 92 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) 93 Wage Rates under MGNREGA Raised 93 Indira Awas Yojana (IAY) 94 Pradhan Mantri Gram Sadak Yojana (PMGSY) 94 Drought-Prone Area Programme (DPAP) 94 Desert Development Programme (DDP) 94 National Food Security Scheme Swarna Jayanti Shahari Rozgar Yojana (SJSRY) 96 National Urban Livelihood Mission 96 Antyodaya Anna Yojana (AAY) 96 Annapurna Scheme 97 Village Grain Bank Scheme 97 Valmiki Ambedkar Awas Yojana (VAMBAY) 97 Saansad Adarsh Gram Yojana 97 Various Women Oriented Schemes of State Goyernments 98 Janani Suraksha Yojana 98 National Rural Health Mission (NRHM) 98 National Urban Health Mission (NUHM) 99 The Sangam Yojana for the Handicapped 99 CAPART 99 Prime Minister s Employment Generation Programme (PMEGP) 99 Rural Electrification in India 100 Rajeev Gandhi Gramin Vidyutikaran Yojana (RGGVY) 100 Remote Village Electrification Programme 100 Rural Drinking Water 100 Rural Sanitation : Total Sanitation Campaign (TSC) Nirmal Gram Yojana 101 National Social Assistance Programme 101 Kasturba Gandhi Balika Vidyalaya (KGBV) 101 Rajeev Awas Yojana 101 Aam Admi Bima Yojana (AABY) 102 Self-Employment Programme for the Urban Poor (SEPUP) 102 Jawaharlal Nehru National Urban Renewal Mission (JNNURM) 102 Swabhiman Scheme to Open Bank Accounts in Villages 102 Indira Gandhi Matritva Sahyog Yojana (IGMSY) 103 Pratibha Kiran Yojana 103 Rajeev Gandhi Scheme for Empowerment of Adolescent Girls SABLA 103 Members of Parliament Local Area Development Scheme (MPLADS) 103 Mahila Samridhi Yojana 103 Jan Arogya Bima Policy 103 UTI Launches Micro Pension Scheme for Unorganised Poor Indian Workers 104 Sukanya Samridhi Account Scheme 104 Raj Rajeshwari Mahila Kalyan Yojana 104 Bhagyashree Child Welfare Bima Yojana 104 Rashtriya Swasthya Bima Yojana (RSBY) 104 Indira Mahila Yojana 104 Rajeev Gandhi Shramik Kalyan Yojana 104 National Mission for Empowerment of Women 104 Shiksha Sahayog Yojana 105 Sarva Shiksha Abhiyan 105 Mid-Day Meal Scheme for School Children 105 Jan Shree Bima Yojana 106 Rashtriya Madhyamik Shiksha Abhiyan 106 Rashtriya Uchchatar Shiksha Abhiyan 106 The Unorganized Workers Social Security Act LIC Launches Jeevan Arogya Health Policy 107 Khadi and Village Industries Development Scheme Foreign Trade and Balance of Payments 108 Volume of India s Foreign Trade 108 India s Merchandise Trade PD / Economy / 5

4 108 Export Composition 109 Import Composition 110 Direction of Foreign Trade 112 India s Service Trade 112 India s foreign Trade Policy old wines in New Bottle 114 Merchandise Exports from India Scheme 115 Services Exports from India Scheme 116 Recent Developments in Bilateral & Regional Co-operation 116 Balance of Payments Position in India 116 Trends in India s Current Account Deficit in Current Account Developments in Import Liberalisation 118 SEZ in India 118 Special Economic Zone Act, SEZ Norms Liberalised ( ) 119 Export Promotion Capital Goods Scheme (EPCGS) 119 Export Development Centres 119 Foreign Direct Investment (FDI) 119 FDI Norms Eased for Small Scale Sector 120 Mayaram Panel Recommends 9 Sectors for 49% FDI 120 Foreign Exchange Reserves in India 120 Foreign Exchange Management Act (FEMA) 120 Money Laundering Prevention Act 121 India s External Debt 121 NEER and REER Transport and Communications 122 Railways 122 Indian Transport Sector : An Overview 123 Introduction of Bio-toilets 123 Konkan Railway Plan 124 The Bauddha Luxury Train in U.P. 124 Vivek Express Now Longest Distance Covering Train 124 Bangalore City Railway Station becomes the first station in India to have Wi-Fi facility 124 India to Join Trans-Asian Rail Network 124 Road Transport 125 National Highway Development Project (NHDP) 125 Water Transport 126 Smart Port Cities : An Ambitious Plan of Gol 126 Central Road Fund 126 Rural Roads 127 SARDP NE 127 Air Transport 127 Airport Authority of India 127 International Airport Status to Five More Domestic Airports 127 Airport Infrastructure 128 GAGAN Project 128 New Telecom Policy 2012 Provides Nationwide Free Roaming 128 Nationwide Mobile Number Portability Launched 129 Sanchar Shakti 129 Gramin Sanchar Sewak Scheme (GSSS) 129 USOF 129 Six Indian Infra Projects in World s 100 Most Innovative List Public Finance 130 Financial Relations between Centre and States 130 Service Tax 131 Consolidated Funds of India and of the States 131 Contingency Fund 131 Public Accounts of India and of the States 131 Tax Administration Reform Commission, 2013 to Review Tax Laws, Implementation 132 Lahiri Committee Constituted for Interaction with Industry on Tax Laws 132 Finance Commission 132 Fourteenth Finance Commission Recommended 42% of Net Proceeds of the Union Tax Revenues to be Transferred to States 134 Black Money Accounts for 10% of GDP : Study Report 134 Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 Introduced in Lok Sabha to Unearth Black Money 135 Value Added Tax (VAT) 135 Economic Survey Railway Budget Union Budget Services Sector : Engine of India s Growth 147 India s Services Trade 148 Employment Pattern during the Last decade 148 Services Sector in the States Economic Planning in India 149 History of Planning in India 149 Planning Commission of India PD / Economy / 7

5 149 National Development Council NDC 150 First Five Year Plan 150 Second Five Year Plan 150 Third Five Year Plan 151 Three Annual Plans 151 Fourth Five Year Plan 151 Fifth Five Year Plan 152 Sixth Five Year Plan 152 Seventh Five Year Plan 152 Eighth Five Year Plan 153 Ninth Five Year Plan 154 Tenth Five Year Plan 154 India Vision Eleventh Plan ( ) 155 National Targets of the 11th Plan ( ) 156 Vision of 12th Five Year Plan ( ) 157 NITI Aayog Replaces Planning Commission International Organisations 159 International Monetary Fund (IMF) 159 International Bank for Reconstruction and Development (IBRD) 161 International Development Association (IDA) 161 International Finance Corporation (IFC) 161 Multilateral Investment Guarantee Agency 162 International Centre for Settlement of Investment Disputes 162 General Agreement on Tariffs and Trade (GATT) 162 Uruguay Round and Dunkel Proposals 163 World Trade Organisation (WTO) 163 Important International Organisations : A View 164 United Nations Conference on Trade and Development (UNCTAD) 164 Asian Development Bank (ADB) 165 ADB s Aid to India for Infrastructure Development 165 International Fund for Agricultural Development (IFAD) 165 South Asian Association for Regional Cooperation (SAARC) 166 South Asian Free Trade Area (SAFTA) 166 Association of South-East Asian Nations (ASEAN) 167 ASEAN to Create Free Trade Area (FTA) by ASEAN Summits 167 Organisation of the Petroleum Exporting Countries (OPEC) 167 G-8 (Formerly G-7) 168 G G G G Organisation for Economic Co-operation and Development (OECD) 169 The European Coal and Steel Community (ECSC) 169 BENELX 169 European Economic Community (EEC) or European Common Market (ECM) 169 European Free Trade Association (EFTA) 169 European Unification and Maastricht Treaty 170 North American Free Trade Agrement (NAFTA) 170 Asia Pacific Economic Co-operation (APEC) 170 APEC Summits 170 Asian Clearing Union (ACU) 170 Mercosur 171 Pan American Trade Agreement 171 Indian Ocean Rim Association for Regional Cooperation (IORARC) 171 Food and Agriculture Organisation (FAO) Important Events 172 OMCs Allowed to Fix Diesel Prices 172 India at 8th Rank in Black Money : GFI 172 Black Money in India : A Huge Parallel Economy within the Country 172 India Stands 101st in Gender Gap Index 2014 : WEF 173 India Ranks 120th in Economic Freedom Index for India Ranked 142nd in World Bank s Ease of Doing Business Report 174 India Improves Rating on Global Corruption Index 174 India Ranked 14th in Creative Productivity Index : ADB 175 India Slips to 71st Rank in Global Competitiveness List India 55th on Global Hunger Index India Slips 10 Places in Global Innovation Index 176 India 78th in Talent Competitiveness in India World s Second Most Trusted Nation 176 WEF s Travel and Tourism Competitiveness Index Global Risks 2014 Report 177 Certification Marks 178 Third Billion Index PD / Economy / 9

6 178 India Stands Second in Innovation Efficiency Index 178 UNIDO Report Includes India in Top 10 Industrial Nations 178 Global Competitiveness Index : India Replace Japan as World s 3rd Largest Economy 179 Govt. Tables White Paper on Black Money in Parliament 179 Bankruptcy Panel Report Seeks Changes in Cos Act 180 India-ASEAN FTA Becomes Operative w.e.f. January 1, National Dairy Plan Phase-I Launched 180 Indian Dairy Cooperatives : A Story of Success 181 Marginal Decline in Country s Total Fertility Rate 181 India Achieves UN Millennium Goal for Drinking Water 181 PAN to Become Mandatory for All Bank Transactions 181 India Ranked at 115 on Women Empowerment Scale 182 National Mission on Enhanced Energy Efficiency 182 PURA 182 Orange Card 182 Fruit Product Ordinance F.P.O. 182 Agriculture Gene Bank in India 183 National Mission for Sustainable Agriculture 183 Zero Coupon Bond 183 India Leaves China Behind in Social Protection 184 Good Governance Day : e-book, e-files and 5 kg LPG Cylinders on Demand 184 Targeted Public Distribution System 184 Revamped Public Distribution System (RPDS) 185 Difference between Prices of RPDS and PDS 185 Deccan Odyssey 185 Golden Handshake Scheme 185 Exclusive Economic Zone (EEZ) 185 India Brand Equity Fund 185 Indian Hydrocarbon Vision Credit Cards 185 Credit Rating Agencies 186 Mega City Scheme 186 Consumer Protection Act, 1986 (COPRA- 1986) 186 Essential Commodities Act 187 CONCORD Scheme of Confederation of Indian Industries (CII) 187 Commission on Labour Standards 187 MODVAT 187 Second Labour Commission 188 Important Latest Committees 188 National Safety Council 188 Harkin Bill 188 Counter Trade Policy 188 Floriculture Centres 189 Open Sky Policy 189 Economics Nobel Prize Sui Generis 189 Latest Services of Postal Departments 189 Special 301 and Super 301 Trade Protection Policies of USA 190 Street Children Scheme 190 Fiscal Drag 190 Tobin Tax 190 Footloose Industry 190 Exit Policy 190 Independent World Commission on Oceans 190 `1 lakh crore Infrastructure Projects : Central Government s Plan to Boost Economy 191 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 / 10

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