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Sub - Economics Compilation

CA Database

Subject: Economics LIsts: Compilation Status: Sorted Once

  1. EMI Station of Affordability is like Sachet Revolution of FMCG
  2. RBI Monetary Policy: The Reserve Bank of India maintains the repo rate at 6.5% and adjusts GDP prediction from 6.5% to 7%.
  3. Indian Textile Industry: Contributes 2.3% to GDP, 7% to industrial output, 12% to export earnings, and 21% to total employment.
  4. FY 24 Budget: An increase of 1.29 lakh crore in spending, with 8% in fertilizer subsidy and 24% in NREGA.
  5. National Unemployment Rate: As of 2023, India's unemployment rate is 4.4% for men and 3.3% for women, with Delhi's rate higher than the national average. Unemployment Rate (UR) is calculated as the number of unemployed people divided by the working population.
  6. Special Assistance for State Investments: Special assistance to states schemes for capital investments.
  7. IMF's Projection for India: India can achieve a 6.3% Annual Growth Rate by 2028-29, but should aim for 7 to 7.5%.

  • RBI Household Inflation Expectation Survey: Conducted to gauge inflation expectations.

  • RBI Bi-Monthly Consumer Confidence Survey: Regular assessment of consumer confidence.

  • Normal Saving Rate in India: Stands at 23%.

  • Formula for Savings: Savings = Net Capital Inflow - Change in Stock Value + Discrepancy = Gross Fixed Capital Formation (GCFC).

  • Target Inflation 4%

  • Macro Economics Reasons of Indian Job Crisis & Agricultural Jobless Growth

    • Economies of scale

    • The extent to which labour product growth rate response to output growth rate is reflected by Kaldor Veerdoon Coefficient

      Labour Productivity Growth Rate wrt o/p growth rate

      Considered Higher than Average for Indian Non AGricutural Sector → Jobless Growth in India

    • Keynesian economics, Mahalnobis Strategy

  • Issues with Indian FDI System

    An expert, on condition of anonymity, said that India’s restriction over brand based retail is not easily understood by foreign players. “Such a structure is not in line with globally followed norms. While there is no cap on FDI in single brand retail trading in India, there is 51per cent cap on multi-brand retail in India along with multiple riders,” the expert added. “Another restriction that has been a concern for foreign players is in e-commerce. While India allows a marketplace based model of e-commerce where the e-commerce entity acts as a facilitator between buyer and seller, we restrict, inventory based model of e-commerce where inventory of goods and services is owned by the e-commerce entity and is sold to the consumers directly,” the expert said.

  • While the NRE account is an account of a non-resident Indian to transfer foreign earnings to India, the NRO account is to manage the income earned domestically. In both the accounts, the deposits are maintained in rupee. FCNR (B) is a fixed deposit which is held in foreign currency. It provides an option for NRIs to retain their money in foreign currency, and so there is no risk of currency depreciation. Under this scheme, the principal amount and interest earned is fully repatriable. FCNR(B) deposits can be maintained in different currencies, including the dollar, pounds sterling and the euro.

  1. Investment in primary notes rose to 1.31,00,00,00,00,000
  2. 1991 BOP Crisis : Import Compression Mesasures by RBI Governor S Venkitaraman - Capital Account Deficit from 3% of GDP in 1990 to 0.3% of GDP in 1991
  3. India in G20 - India Advocated for Regulation of Cryptocurrency & Framework was proposed by IMF & Financial Stability Board (FSB)
  4. Intelleigent Transport SYstem Employed in MTHL (Mumabi Trans Harbour Link)
  5. Counterveiling Duty
    1. Counterveiling Duty is applied on Imported Goods
    2. meant to level the playing field between domestic producers of a product and foreign producers of the same product
    3. World Trade Organization (WTO) permits the imposition of countervailing duty by its member countries
    4. Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce & Industry - Anti Dumping, Counterveiling Duties and Safeguard Measures

  • ASBA (Application Supported by Blocked Amount)

    RBI Regulatory Framework and Proposals:

    • Launched a regulatory framework on online lending in 2022.
    • Proposed creation of a fintech repository by 2023.
    • SEBI's shift towards T+0 settlement, currently T+1, using ASBA (Application Supported by Blocked Amount).
    • Corporate bonds grew 9% per annum in the last 5 years.
    • India has 8 core sectors in its economy.
    • PMI (Purchasing Managers' Index) calculated separately for Manufacturing & Services, indicating expansion (>50) or contraction (<50).

Orissa Food Security