Employment elasticity
▪️Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth.
▪️The employment elasticity indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth (development) process.
▪️The sub-sectors with highest employment elasticities are Rubber and plastic products > Electronic and optical products > Transport equipment > Electricity, Gas and water supply > Wood and products of wood.
▪️To step up the impact of economic growth on employment, the focus has to be on such high employment elastic sectors.
#Target_Shots #Pre_2020 #Economy
▪️Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth.
▪️The employment elasticity indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth (development) process.
▪️The sub-sectors with highest employment elasticities are Rubber and plastic products > Electronic and optical products > Transport equipment > Electricity, Gas and water supply > Wood and products of wood.
▪️To step up the impact of economic growth on employment, the focus has to be on such high employment elastic sectors.
#Target_Shots #Pre_2020 #Economy
Complaint Management System (CMS)
Launched by the Reserve Bank of India (RBI),
the Complaint Management System (CMS) is a software application to facilitate RBI’s grievance redressal process
#Prelim2020 #Economy
Launched by the Reserve Bank of India (RBI),
the Complaint Management System (CMS) is a software application to facilitate RBI’s grievance redressal process
#Prelim2020 #Economy
Pre-pack
A pre-pack is an agreement for the resolution of the debt of a distressed company through an agreement between secured creditors and investors instead of a public bidding process.
This system of insolvency proceedings has become an increasingly popular mechanism for insolvency resolution in the UK and Europe over the past decade.
#Prelim2020 #volume6 #Economy
A pre-pack is an agreement for the resolution of the debt of a distressed company through an agreement between secured creditors and investors instead of a public bidding process.
This system of insolvency proceedings has become an increasingly popular mechanism for insolvency resolution in the UK and Europe over the past decade.
#Prelim2020 #volume6 #Economy
Fiscal Deficit
The government describes fiscal deficit of India as “the excess of total disbursements from the Consolidated Fund of India, excluding repayment of the debt, over total receipts into the Fund (excluding the debt receipts) during a financial year”.
In simple words, it is a shortfall in a government's income compared with its spending.
The government that has a fiscal deficit is spending beyond its means.
Fiscal Deficit = Total expenditure of the government (capital and revenue expenditure) – Total income of the government (Revenue receipts + recovery of loans + other receipts).
#Prelim2020 #Economy
The government describes fiscal deficit of India as “the excess of total disbursements from the Consolidated Fund of India, excluding repayment of the debt, over total receipts into the Fund (excluding the debt receipts) during a financial year”.
In simple words, it is a shortfall in a government's income compared with its spending.
The government that has a fiscal deficit is spending beyond its means.
Fiscal Deficit = Total expenditure of the government (capital and revenue expenditure) – Total income of the government (Revenue receipts + recovery of loans + other receipts).
#Prelim2020 #Economy
The 15th Finance Commission uses the following criteria when deciding the devolution to states
●Population in 2011
●Forest and ecology
●Demographic performance
●Area
●Income Distance between states
●Tax Effort taken by states
#Prelim2020 #Economy
●Population in 2011
●Forest and ecology
●Demographic performance
●Area
●Income Distance between states
●Tax Effort taken by states
#Prelim2020 #Economy
Foreign exchange reserves
India's foreign exchange reserves, which currently stand at more than USD 500 billion, are the fifth largest in the world after China, Japan, Switzerland and Russia, as per the International Monetary Fund.
#prelims2020 #Economy
India's foreign exchange reserves, which currently stand at more than USD 500 billion, are the fifth largest in the world after China, Japan, Switzerland and Russia, as per the International Monetary Fund.
#prelims2020 #Economy
Banking Committee
- Narasimhan Committee- Banking Sector reforms
- YM Deosthalee Committee- Public Credit Registry
- Injeti Srinivas Committee- Corporate Social responsibility
#economy
- Narasimhan Committee- Banking Sector reforms
- YM Deosthalee Committee- Public Credit Registry
- Injeti Srinivas Committee- Corporate Social responsibility
#economy
🔥Trade Facilitation:
-With an aim to reduce the trade barriers caused by inefficient and overly burdensome regulatory administrative procedures, the Trade Facilitation Agreement (TFA), negotiated at the WTO, came into force in 2017.
-A National Committee on Trade Facilitation (NCTF) was, accordingly, constituted in India with the Cabinet Secretary as the Chair.
-A National Trade Facilitation Action Plan (NTFAP) for 2017-2020, containing specific
activities to further ease out the bottlenecks to the trade, was prepared.
#Arthashastra
#Economy
-With an aim to reduce the trade barriers caused by inefficient and overly burdensome regulatory administrative procedures, the Trade Facilitation Agreement (TFA), negotiated at the WTO, came into force in 2017.
-A National Committee on Trade Facilitation (NCTF) was, accordingly, constituted in India with the Cabinet Secretary as the Chair.
-A National Trade Facilitation Action Plan (NTFAP) for 2017-2020, containing specific
activities to further ease out the bottlenecks to the trade, was prepared.
#Arthashastra
#Economy
Forwarded from Arthashastra Economy (Target UPSC)
#Economy
#Economic_Survey
🔸National Land Monetisation Corporation🔸
🖋 Context
»According to Economic Survey, the government is setting up the National Land Monetisation Corporation (NLMC) to carry out the monetization of the land and other non-core assets.
🖌It is being set up as a 100 per cent Government of India owned entity.
🖌It works as an asset manager for lands owned by central government and central public sector enterprises (CPSEs).
🖌The initial authorized share capital of NLMC will be Rs 5000 crores while subscribed share capital will be Rs 150 crore
🖌It has the freedom to invest, lease or rent assets or monetise them based on suggestions
🖌It is free to develop assets for commercial or residential purposes.
#PRELIMS_2022
#TargetUPSC
🗞Decoding Budget From Prelims Point of View - With Integration from Static Syllabus
https://youtu.be/ocerulIORVg
Target 140 + Serie
#Economic_Survey
🔸National Land Monetisation Corporation🔸
🖋 Context
»According to Economic Survey, the government is setting up the National Land Monetisation Corporation (NLMC) to carry out the monetization of the land and other non-core assets.
🖌It is being set up as a 100 per cent Government of India owned entity.
🖌It works as an asset manager for lands owned by central government and central public sector enterprises (CPSEs).
🖌The initial authorized share capital of NLMC will be Rs 5000 crores while subscribed share capital will be Rs 150 crore
🖌It has the freedom to invest, lease or rent assets or monetise them based on suggestions
🖌It is free to develop assets for commercial or residential purposes.
#PRELIMS_2022
#TargetUPSC
🗞Decoding Budget From Prelims Point of View - With Integration from Static Syllabus
https://youtu.be/ocerulIORVg
Target 140 + Serie
#Economy
#New_terms_in_news
💥Inflation Tax
● It is different from the regular tax we pay to the government.
●It is a penalty for holding excess cash during a high inflation period. Though the government does not charge it directly.
●During this period, the value of cash decreases. People holding cash with them will eventually lose some of it.
●How?
The purchasing power of the cash will decrease and hence the value decreases.
💥Inflation Premium
●It is a method by which an investor calculates the normal rate of return on assets or investment during an inflation period.
● It is a part of the prevailing interest rate which results from investors pushing the nominal interest rates to a higher level to compensate for the expected inflation.
🧰Decoding Budget From Prelims Point of View - With Integration from Static Syllabus
https://youtu.be/ocerulIORVg
#New_terms_in_news
💥Inflation Tax
● It is different from the regular tax we pay to the government.
●It is a penalty for holding excess cash during a high inflation period. Though the government does not charge it directly.
●During this period, the value of cash decreases. People holding cash with them will eventually lose some of it.
●How?
The purchasing power of the cash will decrease and hence the value decreases.
💥Inflation Premium
●It is a method by which an investor calculates the normal rate of return on assets or investment during an inflation period.
● It is a part of the prevailing interest rate which results from investors pushing the nominal interest rates to a higher level to compensate for the expected inflation.
🧰Decoding Budget From Prelims Point of View - With Integration from Static Syllabus
https://youtu.be/ocerulIORVg
Forwarded from Arthashastra Economy (Target UPSC)
#Economy
#Economic_Survey
#Latest_Data
Following is the list of top Five major export commodities
● In decreasing order
1) Petroleum Products
2) Perles,precious stones,Semi precious Stones
3) Iron and steel
4) Drug Formulations,Biologicals,
5) Gold and other precious metals and jewellery
#Economic_Survey
#Latest_Data
Following is the list of top Five major export commodities
● In decreasing order
1) Petroleum Products
2) Perles,precious stones,Semi precious Stones
3) Iron and steel
4) Drug Formulations,Biologicals,
5) Gold and other precious metals and jewellery