[Economy Lecture] (Contid.) Foreign Trade Policy 2015, MEIS-SEIS, GIFT City, Chinese Forex Reserve & Undervalued Yuan

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India Yearbook
  1. Prologue
  2. L6/P4: Foreign trade policy 2015: product-wise strategy
  3. L6/P5: Foreign trade policy 2015: schemes & reforms
  4. L6/P6: BoP-Capital Account: QE/FT, Fed Rate cut, Rate Hike
  5. L6/P7: Forex Reserve of China and Undervalued Yuan
  6. L6/P8: GIFT City and international financial Service centre (IFSC)


  • On 8th May 2015, I conducted the session on “Foreign Trade Policy” subpart- product wise strategy, duty scrip schemes, & other issues mentioned in Economic survey chapter on Balance of payment.
  • Total 2:30 hours, split into five parts.
  • PowerPoint of the lecture, available at mediafire.com/folder/2bb433i58hp2v/General_Studies_Mrunal
  • Medium of instruction- Hindi.
  • English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles or English PPTs on the site.

L6/P4: Foreign trade policy 2015: product-wise strategy

product -wise foreign trade policy 2015

  1. Recap of the previous lecture on foreign trade policy targets, regional trade agreements etc.
  2. How to boost agriculture exports? Organic farming and plantation crops
  3. Issues related to export of textile, gems and jewellery, mining, MSME industry, engineering goods.
  4. What is Project export? How does it help in soft diplomacy and reducing trade deficit?
  5. defense sector: FDI limits, arguments in favour and against increasing foreign direct investment in defence sector of India
  6. ICT, Electronics, other services: issues and challenges in export
  7. Sidetopic science and technology developments:
  8. BRCA Gene Patenting and Angelina Jolie
  9. legalization of three parent baby in united kingdom, Eugenics and genetic engineering for social engineering
  10. Patent vs Generics: The case of Novartis (Glivec) and Bayer (Nexvar)
  11. Issues and challenges faced by Indian pharmaceutical industry and remedies through trace and track policy 2015.
  12. Measures for promotion of brand India

Youtube Link: https://youtu.be/bAMMnSK6pDI

L6/P5: Foreign trade policy 2015: schemes & reforms

duty scrip benefit for Indian exporters

  1. What is the difference between anti-dumping duty and countervailing duty (CVD)?
  2. What is Duty scrip? How does it help in boosting exports?
  3. Merchandise Exports from India Scheme (MEIS).
  4. Service Exports from India Scheme (SEIS)
  5. reforms in border transport and inspection
  6. reforms through e-governance: digital locker for exporters and importers, E-BRC certificate
  7. export status holders scheme and its benefits
  8. WTO Bali summit and trade facilitation agreement (TFA)
  9. export infrastructure: special economic zones (SEZ), export oriented units (EOU), Electronics and biotechnology Parks- their issues and reforms
  10. Towns of export excellence (TEE): meaning and provisions under FTP-2015?
  11. ASIDE: Assistance to States for Developing Export Infrastructure and Allied Activities. Why the budgetary allocation for the scheme has been reduced?

Youtube Link: https://youtu.be/cjp5ZhRt4wc

L6/P6: BoP-Capital Account: QE/FT, Fed Rate cut, Rate Hike

quantitative easing Fed tapering rate hike

  1. Classification between FDI and FII as per Arvind Mayaram Committee
  2. elimination of FDI-FII difference in budget 2015
  3. foreign direct investment limits various sectors of India
  4. what is foreign investment promotion board (FIPB): its composition and jurisdiction
  5. external debt of India: rankings for prelims MCQs
  6. Quantitative easing and Fed tapering: meaning, impact on Indian economy, measures taken to stabilise foreign exchange rate of Indian rupee.
  7. Fed Rate Cut and Rate Hike: how does it affect Indian economy?
  8. Mock Question for Mains: 1st world’s low-interest rate policies and quantitative easing, are unleashing financial turmoil on emerging-market economies. Discuss in context of India.

Youtube Link: https://youtu.be/MXzhzYaAB_0

L6/P7: Forex Reserve of China and Undervalued Yuan

China yuan undervalued

  1. How does China’s Mercantile policy and labour abuse help getting trade surplus?
  2. How does China keep its yuan undervalued?
  3. How did China buildup large forex reserve nearly $ 4 trillion?
  4. What are the advantages and challenges in maintaining a large forex reserve?
  5. Economic survey has recommended India to build a forex reserve worth 750 billion to $ 1 trillion through current account surplus- how can we do that?
  6. How can large forex is a help us in soft diplomacy and project exports?

Youtube Link: https://youtu.be/L2jlHiyjT5Q

L6/P8: GIFT City and international financial Service centre (IFSC)

gift city International financial service Centre IFSC

  1. Case study: Dubai International financial sector- facilities offered
  2. Gift City: ownership, location, salient features
  3. SEBI provisions for opening stock exchange in gift city, guidelines for hedge funds and mutual funds
  4. RBI’s guidelines for IFSC Banking Units: can they accept retail customers, rupee deposits? Are CRR, SLR applicable to them?
  5. What are the legal challenges in building GIFT as an international financial service centre (IFSC)? The issue of full capital account convertibility
  6. Mock Questions for Mains: Vibrant financial markets are critical to a country’s GDP growth. Examine the importance of proposed GIFT city in this regard, & discuss challenges in its setup.

Youtube Link: https://youtu.be/wflo82HCe0A

Visit youtube.com/user/TheMrunalPatel For more lectures on UPSC General Studies.

Mrunal recommends

  1. (free) NCERT, NIOS, TN-Books
  2. Environment by ShankarIAS
  3. Indian Polity M.Laxmikanth (Hindi | English)
  4. Art & Culture by Nitin Singhania (Hindi | English)
  5. Spectrum: Modern History (Hindi | English)
  6. Bipin Chandra: Post Independence
  7. Fast-track to Arithmetic Rajesh Verma
  8. MK Pandey’s Analytical Reasoning
  9. Disha’s Topicwise Paperset (Hindi | English)
  10. School Atlas
  11. Mains: Language papers
  1. (free) NCERT, NIOS, TN-Books 4 History,Geo,Sci
  2. Indian Polity M.Laxmikanth (Hindi | English)
  3. Spectrum: Modern History (Hindi | English)
  4. Maths: Quantam CAT Sarvesh Kumar
  5. Objective General English SP Bakshi
  6. Word Power made Easy -Norman Lowe
  7. Topic wise Solved Paperset by Disha

So far 57 Comments posted

  1. Palash Gupta

    Highly awaited.. Thanks a lot Sir…

  2. Juhi Singh

    Dear Mrunal, how many more sessions are expected in Economics and mostly by when should we expect it to finish. Would there be an India year book series like last year? Thanks

    1. Mrunal

      only 3 pillars remain:
      -infra:2 lectures
      -banking-finance:1 lecture
      -HRD:1 or 1.5 lecture
      so, ~5 more lectures. and since I give at max 1 lecture a week, so hopefully before mid-June it’ll be over.

      1. Juhi Singh

        Ok thanks a lot.. shall be waiting for IYB eagerly .. if thats on list. Last year series was superb on ESI, Bugets and IYB

      2. ritesh

        sir ek baat smjha dijiye jab 2014 me india me itne scam hue pade the aur economy bekaar thi to india GDP(PPP) me 3rd rank pe kaise pohach gya?

      3. Manisha

        Dear Mrunal Sir,
        As u know within 2-3 weeks form for UPSC will be available.Plz guide us so that we can choose optional accordingly.
        Plz write one article on how to choose optional.(with reference to myths and facts) That will be great help for greenhorn like us.
        plz sir plz plz plz.

      4. vishnu pandey

        I have adminitrative officer interview for EXIM bank on 10th dec 2015.Kindly guide me for possible topics to prepare for. I am currently woking on international trade and related issues like FTP 2015, export finance,currency exchange etc from RBi website and Mrunal sir’s lectures on international trade.

        No specific book could be found dedicated to the EXIM abank interview preparation..

  3. Arjun

    Thank you so much sir for the wonder lectures..

  4. sachin

    thanks a lot sir…much awaited article!!!

  5. shyam

    Sir when would geography series be restarted ???

  6. Liakat Ali

    sir when will be geography series of world geography re-start ????
    If lectures not possible then upload PowerPoint presentation please …
    Thanks a lot for most awaited Economy lecture…
    Thank you very much sir

  7. Punit Garg

    Sir Can you Explain World history. I am finding it difficult to understand it, OR Can you provide me any video series or any other link from where I can understand the world history.

    1. Nishikant

      Go to unacademy website. There are very good video lectures by Roman Saini (AIR18. 2013). You can cover a lot of world history from there. The remaining part could be covered from NCERTs.

  8. laliko

    sirjee thanku for continuing for lectures
    i was eagerly waiting

  9. Ravi


    You people are doing a good job. Especially who can’t afford coaching (either in term of money or time). Could you please let us know by when Geography lectures will resume?

  10. namdev

    Nice videos thanks a lot.

  11. Monali

    These lectures are really helpful. A major chunk of my economy preparation is covered from here. Thank you.

  12. ashok

    thank you sir after a long time

  13. shivam

    sir, as you are posting videos of economy and geography is really praiseworthy. But I request you to also post videos of polity, history, current affairs and other subjects. Thank you……

  14. Avisek

    thank you sir after a long time

  15. Active

    Any Update regarding [Geography Lecture] .Please suggest some alternative for UPSC CAPF Exam: 12/7/15.

  16. T

    Plz ans. Not able to fill part 2 of CAPF.

    1. vinod kumar singh

      go to advance and click over it
      click on …proceed to upsconline.nic.in(unsafe)

  17. T

    Due to some server problem. Can’t resolve.

  18. debajyoti datta

    you are doing an excellent work Mrunal…I have a small request for you….I am an engineer persuing M.TECH and preparing for ESE,i.e engineering services….you can guess this fact that we engineers are not so well in general awareness field….as a matter of fact I fell short of 3 marks in my 1st attempt from clearing the written and it was solely for english and gk paper……so I would like to request you to analyze the previous years’ papers of ESE …it would be really helpful in engineering community

  19. kishor

    sir, thx for this great work. sir i want to buy cds of cbse class 8 to 12 in hindi.so pls guide me from where and how can i get it ? and sir its gujarati version available or not ? sir pls reply.

  20. murali

    thank u very much sir

  21. max

    @ mrunal. powerpoint of lecture 6 p4-p8 not available for download.only available till p3.kindly provide..thanks

  22. Gaurav Bhagat

    Nice article

  23. naveen

    Mrunal plz get back to your written articles..they were easy to remember and download as well..and they covered all d portions not only economics..lacs are dependent on your next move..hope u considr d request seriusly..thanx sir..

  24. sowjanya

    Thanku soooo much sir

  25. gaurav kumar singh

    Hello Mrunal sir,
    I would like to thank and congratulate you for the excellent website that you have created.
    I have benefited immensely from the resources in this website while preparing for my MBA interviews.
    You have a huge contribution in my final selection at top b-schools- IIFT Delhi, MDI Gurgaon, IIM Shillong, NMIMS Mumbai, SIBM Pune..
    Please keep on continuing this great work.
    PS: Request- Please post the article first and then the relevant Youtube video. I found it very difficult to go through hours of video, filtering out relevant information. It would have been easier the other way.

  26. dr.k.vijay

    Dear sir,
    thank you, for uploading most awaited economy lectures.
    pls inform how many more geography lectures are yet to be done?
    we are still awaiting geography lectures, at least upload geography ppts for remaining lectures. madam has left us in the middle of the ocean, however her lectures are excellent.

  27. vijay

    ppt downloads were easy in previous links… here only mediafire bulk download option is there. individually we are unable to download from mediafire.com/folder/2bb433i58hp2v/General_Studies_Mrunal, pls get back to older tech.

  28. balangovindan

    sir, when are going to provide lectures as Articles for preparation for exam. Kindly do write the articles.

  29. jinu

    We were very much comfortable with the old type articles. It is difficult for us to understand Hindi lectures. Please reconsider the approach

  30. lucky

    Dear sir,
    Great work…. I am a working guy,I have just started my preparation and m targeting CSE 2016,will your videos on economy be of any help at this moment or shall I use the videos after ’15 prelims s over?

  31. zeba khan

    ssc cgl ka new pattern kya h?? confussssion

  32. Nikhil

    Dear All & Mrunal sir, Is it necessary to read Ramesh singh after these lectures or your lectures + Ncert + survey will solve the purpose.
    Plz guide. Thanks in advance

    1. GAGAN

      Dear Nikhil,It is not compulsory to read Ramesh singh,for preliminary exam.
      But book will help u in Mains.

  33. mukesh sinha

    please post about modern concept of monsoon

  34. Shankar

    Sir, are these lectures sufficient for Mains preparation as well or do we need to supplement anything.

  35. SH

    Sir …
    Not able to fill up part 2 of CAPF… Page not opening anywhere.
    Plz help. …

  36. T

    Same here. Not opening ANYWHERE. Plz sir help for
    CAPF part 2.

  37. Durgam

    These economy lectures worthful and now i think no coaching is required for economy …..pls suggest me

  38. sachin sales abraham

    plz add lecture in english also.it will be useful for those who is difficult in understanding hindi.

  39. nitin shah

    sir what is minimum alternate tax on fpi ??

  40. Radhika

    where can i find the english version of these lectures.. anyone pls help me

  41. SH

    Nowhere may be. Read the prologue dear

  42. Raj Soneji

    Very important one for me, Foreign trade policy is one of the topics in my studies. Thanks.

  43. n

    i hav prblm in downloading lectures it is showing invalid source what should i do

  44. ayaan

    sir..when will you post chapter wise economic survey articles like last year ?

  45. prag

    sir, I am waiting for article on PM’ foreign tour

  46. kapil

    thank sir and as you are posting videos of economy and geography is really praiseworthy.

  47. sk

    can someone explain how 1 dollar = 6 Yuan would eventually become to 1 dollar = 0.5 Yuan with continuous exports from china?

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