1. Background
  2. Indexes/Surveys
  3. Economy: essential facts for MCQs/2m
  4. Economy: Organizations (National)
  5. Economy: Organizations (International)
  6. Economy: India and World
  7. Economy: Policy / reforms
  8. Economy: Schemes
  9. Economy: Laws
  10. Economy: Topics/Overview
  11. Banking and Insurance
  12. Insurance Schemes
  13. Disinvestment
  14. Economy: Funds

Background

  1. How to approach Economy for general studies (prelims, mains) has been explained in separate article. (Click me)
  2. For specific articles various topics of [Economy] you can visit https://mrunal.org/economy
  3. Following list contains the essential topics to be studied from India 2013 (aka India yearbook(IYB)
  4. While you’re reading these topics from IYB, also simultaneously consult relevent chapters from “Indian Economy” by Ramesh Singh (TMH), to get a firm grip over the topics.
  5. The Economic Survey (will be uploaded on Finance ministry’s website before budget), will contain latest data/numbers regarding FDI, GDP etc. so don’t bother much with the numbers given in India Yearbook.

Indexes/Surveys

6 101 WPI
6 101 CPI
6 101 ASI
6 102 Energy statistics
6 109 Economic Census
6 112 Infrastructural statistics
19 525 Annual Survey of Industries
19 527 to 31 IIP: features, components +factors affecting (on pg 530)

Economy: essential facts for MCQs/2m

6 99 Category of workers
7 127 India’s major import and export commodities (last two paragraphs)
7 129 Table 2 & 3: top five countries of export and import
13 334 Components of India’s foreign exchange reserve (last two lines)
13 335 Reasons for declining rupee (second paragraph under exchange-rate topic)
13 335 Reasons for increasing external debt (last two lines)
13 336 Steps taken by government to manage external debt (paragraph below the table)
13 341 Examples of alternate investment funds
13 342 Two routes for foreign investment in mutual funds (second last paragraph)
13 342 Steps taken to encourage retail investor participation
13 344 SCORES
13 354 India’s quota and ranking in IMF
26 942 Ennor Port is 12 major and first corporate major port of India
26 950 GAGAN (1st para) actually S&T

Economy: Organizations (National)

6 98 Indian statistical system
6 98 Central statistical office
6 99 National Sample survey Organisation
7 150 MMTC
7 151 State trading Corporation of India
11 258 Power ministry structure function (3rd, 4th para)
11 260 Central Electricty Authority
11 266 NHPC
11 266 NTPC
11 272 National grid
11 279 Bureau of energy efficiency
11 280 Petroleum Ministry Function
11 280 ONGC
11 280 ONGC videsh
11 281 OIC
11 281 GAIL
11 283 IOCL
11 283 HPCL
11 284 coal ministry structure function (last para)
11 285 CIL
11 271 Rural Electrification Corporation
11 272 PowerGRID
11 273 power finance corp.Ltd.
13 327 Departments under Ministry of Finance: MCQ
13 327 Department of economic affairs: structure functions
13 338 Foreign investment promotion board
13 350 Financial stability and development Council
13 351 Financial sector legislative reforms commission
13 340 Department of economic affairs structure and functions (second last paragraph)
13 387 Controller General of Account
13 391 Chief Advisor of Cost
13 396 Revenue Department : functions (3rd para)
14 404 functions of Corporate Affairs ministry (1st para)
14 407 Serious Fraud investigation Offoce (SFIO)
14 409 Indian Corporate law service (ICLS)
14 412 Competition Commission of India (CCI)+ CAT tribunal (pg 413)
15 414 functions of Department of food and public distribution
15 435 consumer cooperatives
15 436 forward market commission
15 440 bureau of Indian standards ( upto pages 446)
15 451 National test house
19 586 Central Silk Board
19 587 Silk Mark org (SMOI)
19 594 KVIC
19 594 Coir Board
19 596 CPSE importance (2nd para).
19 597 BRPSE
19 598 PMA
19 609 National pharmaceutical pricing authority (NPPA)
19 611 functions of Ministry of Mines
19 618 Geological Survey of India
19 619 Indian Bureau of Mines
19 619-21 PSUs: NALCO, HCL, MECL: overview (+profile based info. Like if there is any factory near your locality)
21 665 wage boards + for working journalists
21 671 National Social Security board
21 673 Labour bureau functions
21 676-677 VV Giri Institute, Worker’s education : just brief overview
21 678 National safety Council
21 687 NIMI functions
26 930 national highways overview (two tables only to check ranking arrangement)
26 930 national highways: role of central min and 3 agencies
26 933 BRO
26 937 shipping Corporation of India
26 943 civil aviation ministry last two paragraphs
26 945 DGCA
26 945 Bureau of civil aviation security
26 948 Airport Authority of India
26 953 AERA
26 953 Air India Ltd and its subsidiaries
26 956 Pawan Hans helicopter

Economy: Organizations (International)

13 351 Financial action task force
13 352 Financial stability board
13 352 Financial stability assessment program
13 353 International monetary fund
13 355 World Bank lending to India
13 357 International fund for agricultural development
13 357 Asian development bank

Economy: India and World

7 136 India’s engagement in free trade agreements.+ Tables given on page 136 to 141
7 141 WTO, Doha Round, 8th ministerial conference
7 143 Settlement of disputes
7 144 India’s initiative for developing countries
7 147 Trade with Africa
7 148 Focus Africa program (2 marker)
7 149 India-EU bilateral trade negotiations. (dig newspaper for updates)
7 140 Acronyms table : regional groupings and its members. (MCQ and 2m)
13 359 India Japan bilateral relations
13 359 India UK bilateral
13 360 India Norway
13 361 India Switzerland
13 361 India EU
13 362 India Germany
13 363 India France
13 364 India USA, USAID
13 365 India G20
13 368 India UNDP
13 370 SAARC Currency swap
13 355 Financial transaction plan

Economy: Policy / reforms

7 135 Strategy for doubling exports
11 264 Private sector participation in power sector
11 265 Revised Mega power policy
11 265 Automatic FDI in power sector
11 280 NELP policy (followup on internet)
11 283 pricing of petro.products
11 286 National Action plan of climate change (last line. Followup from net)
13 330 Fiscal policy for 2012 – 13 (330). Combined with new initiatives in fiscal management 332. Combine with Kelkar report and other developments from newspapers
13 338 FDI policy (new will come in April 2013)
13 340 Policy initiatives in capital market
13 343 Initiatives In corporate debt market
13 345 Reforms in secondary market
13 346 Reforms in external market. (ECB, FIL, QFIS)
15 424-25 export policy of rice, sugar, wheat
15 426-28 sugar pricing policy (already discussed click me)
19 541 National Design Policy
19 524 industrial policy (and for MCQ, mugup list of sectors where licence needed) + more fodder on pg 761 onwards in planning
19 534 National mfg. policy
19 536-38 FDI (although  new data in Economic Survey)
19 592 12th FYP approach for Handloom
19 603 NBS policy (dig more on net)
19 608 Petrochem policy
19 611 National mineral policy + more fodder on pg 765 planning  + dig net for MMDR act issues
26 931 public-private partnership in highways
26 952 greenfield airport policy

Economy: Schemes

6 115 20 point programme
6 118 Table 6.13 list of 20 point programmes. (very important. follow up should be done from other chapters of the book, and/ or official websites of respective ministries)
6 121 MPLADS: salient features. (pro con should be prepared from newspaper columns)
7 135 Export promotion measures
7 145 Special economic zones
11 260 Ultra Mega Power project – UMPP (names 2nd para)
11 268 Rajiv Gandhi Gramin Vidhyutikaran Yojana
11 282 Bharat Stage 3 and 4 fuel (last 2 para)
11 287 Jawahar Nehru National Solar Mission
11 287 Offgrid and Distributed renewable energy system
11 288 Biogas
11 289 Solar City names (2nd para)
11 278 North East Power Corp.
13 336 Initiatives in infrastructure and investment field
13 345 Rajeev Gandhi Equity savings scheme
14 409 MCA-21 project
14 410 NEFT benefits
14 410 XBRL filing benefits
14 410 DIN : why needed
14 411 e-stamping
15 415 open market sales scheme (FCI)
15 428 Ethanol blending program. Already discussed click me
15 442 Hall marking of gold, silver jewelry
19 539 Reforms: streamline biz. Environment
19 540 IPR salient achievements in recent past
19 543 Package for special category state (Bihar, W.Bengal demanding similar things so dig more from net)
19 542 Tansport Subsidy scheme
19 570 TUFS
19 571 Integrated Textile Parks (SITP)
19 571 Technical Textile Definiation (1st para)
19 574 Mega Clusture +Table on megaclustures on pg 575 for MCQ
19 579 Technology mission on Cotton, India 2nd largest producer after China
19 580 MSP : only overview
19 588 handloom, powerloom overview (previous article available on Mrunal.org/yearbook
19 589 location of 4 mega clustures (2nd last para)
19 592 ISDS skill Development
19 595 PM’s employment generation program
19 596 MoU meaning, function  (2nd last para)
19 596-97 Maha/Mini/Nava Ratna scheme
19 535 DMIC project (also fodder point for India-Japan bilateral)
19 542 NEIIPP for North East
21 685 deposit linked insurance
21 685 International workers: special provisions in India
21 691 National employment service
21 686 women’s vocational ITI
21 688 ITI reforms (mostly fodder)
21 690 skill development initiatives
26 929 freight traffic improvement
26 929 commission on Railway safety

Economy: Laws

11 261 Electricity Act
13 399 SAFEM Act
13 398 NDPS Act (very little info. Need to followup from net)
13 398 COFEPOSA Act (very little info. Need to followup from net)
13 399 Indian Stamps Act
13 400 Prevention of Money Laundering
14 404 Company bill (not enough content. Do followup from net)
14 404 limited liability partnership
15 415 food security bill
15 434 essential commodities act
15 436 forward contract regulation act: proposed amendments
15 438 consumer protection act + CONFONET on pg 439
15 450 weights and measures act
19 540 Trademark Amendment bill 2010
21 664 all the labour laws given on page 664 and 665
21 672 Unorganized worker’s social security act : salient features
21 677 factories act and workers safety
21 678 mines act and safety
21 679 industrial disputes act
21 680 trade union (+ dig net for more, on issues like Maruti strike)
21 680 Plantation Labour
21 682 employees compensation
21 682 maternity benefit
21 683 ESIC
21 683 Provident fund (dig net for more)
21 684 EPF (dig net for more)
21 684 EPS (dig net for more)
21 685 payment of gratuity
21 686 apprentices act

 

Economy: Topics/Overview

13 396 direct tax
13 397 finance Act (just overview because new will be made after Budget 2013)
13 398 Indirect Tax: custom, excise, service (updated data will be in Economic Survey)
13 401 Anti Smuggling Act
13 400 CST
13 401 VAT
13 401 GST
13 327 Annual budget (just theoratical part) 327 to 330
13 333 Public debt and other liabilities. Understand the classification of internal, external and other debts for MCQ
13 338 Public-private partnership
13 350 India’s sovereign debt rating (mostly fodder for interview)
15 432 price management of food and civil supplies
15 446 consumer awareness
15 452 food-processing overview (mostly fodder)
19 543 to 62 Overview of various industries (fodder)
19 580 Wool- issues (only natural fiber in which India is deficient)
19 581 Jute: importance, advantages of (para 1 and 2)
19 582 Silk importance, area under cultivation (1st para). + schemes on pg 584, 85
19 593 MSME benefits and importance (Last para)
19 598 CSR Definiation
19 598 steel industry overview
19 600-01 fertilizer issues
19 603 Cehmical industry overview
19 606 facts related to DDT from Hindustan Insecticides
19 607 Petro chem overview
19 612-618 Mineral Resources of India (do keep a map while reading this)
26 928 Railway Finance
26 934 Shipping overview and importance (+coastal shipping overview given on pg 936)
26 935 Maritime development and maritime agenda
26 938 ship repair and building
26 940 inland water transport,
26 940 cruise shipping
26 943 chartering
26 951 protection of air travellers, other outstanding issues + last para on 950
23 782-86 transport overview of railways, roads, ports, Inland water and aviation in planning chapter
23 728-34 planning + overview of 1 to 10 five year plans. For mains / interview fodder, consult the original 12FYP PDFs released by planning Commission (three volumes) click me to download.

Banking and Insurance

8 159 post office savings bank
8 160 international money transfer service (benefit)
8 160 instant money order (feature, limits)
8 160 E-money order
8 161 electronic clearing service ECS
13 373 RBI  role function (1st para) + Composition of Banking system
13 373 Banking Ombudsman
13 377 SIDBI
13 378 NHB (Reverse mortgage meaning)
13 378 Exim Bank
13 378 NABARD
13 378 RRB
13 379 LIC
13 379 Insurance Cos: classification,examples
13 381 AIC

Insurance Schemes

8 161 postal life-insurance
8 161-62 rural postal life-insurance
13 382 NAIS
13 380 Janshree Bima Yojana
13 380 Siksha Sahyog
13 380 Aam Admi Bima Yojana
13 381 UHIS
19 590 insurance in Handloom
19 590 Rajiv Gandhi Shilpi Swasthya insurance
21 681 Rashtriya Swasthya Bima
18 523 Pravasi Bharatiya Bima Yojana
16 469 health insurance scheme

Disinvestment

13 383 Disinvestment: introduction, Policy framwork
13 384 NIF: features
13 384 use of disinvestment proceeds

Economy: Funds

This is mostly for MCQ/2m.

11 279 National electricity fund
13 396 disaster relief fund
15 428 sugar development fund
15 440 consumer welfare fund
14 405 Investor Education and Protection Fund (IEPF)
16 470 Rahstriya Arogya Nidhi
18 523 Indian Community Welfare Fund (ICWF)
20 632 advocate welfare fund
26 932 Road fund
28 986 National schedule caste finance and development Corporation
28 986 National Safai Karmcharis finance and development Corporation
28 989 National Backward class finance and development Corporation
28 992 National Handicapped finance and development Corporation
28 1002 National scheduled tribes finance and development Corporation
28 1012 National minorities finance and development Corporation
29 1052 National sports Development fund (+welfare fund for Sports person given on 1055)