flipkart-free books delivery 300

  1. Economic Survey & Budget 2014 Summary
  2. [Archive] Topic wise Archive of the [Economy] articles
    1. Banking sector Basics
    2. Banking Committees
    3. Money/Bitcoin Basics
    4. Sharemarket
    5. Interim Budget 2014
    6. Taxation basics:
    7. Summary of Economic Survey 2012
    8. Scams /controversies
    9. Contemporary issues
    10. International issues
    11. Food processing /Agriculture
    12. Polity /Acts related
    13. IRDA/EPFO
    14. Powerpoints
    15. Weekly Current Affairs
  3. How to prepare Economy?
    1. Prep. Sources for UPSC
    2. How to prepare Economy for IIM/MBA GDPI/Interviews
    3. How to prepare Economy for IBPS, Bank Exams?
    4. How to prepare Economy for SSC?
  4. ya but How to kick start the Economy preparation (UPSC)
    1. Approach: Microeconomics
    2. Approach: Macroeconomics + Indian Economy
    3. Approach: Indian Economy (for UPSC)
  5. [Archive] Old articles/Bakwas/Junk/Garbage

Economic Survey & Budget 2014 Summary

[Archive] Topic wise Archive of the [Economy] articles

Banking sector Basics

  1. [Banking] Monetary Policy: Quantitative & Qualitative Tools, applications & limitations MSF, LAF, Repo, OMO, CRR, SLR, Revisited before upcoming Urjit Article
  2. [Economy] Banking Ombudsman: Meaning, functions, appointment, reforms explained
  3. [Economy] Banking Business Correspondents Agents (BCA): Meaning, functions, Financial Inclusion, Swabhimaan, Common Service Centres (CSC)
  4. [Economy] SARFAESI Act, Asset Reconstruction Company (ARC), Security Receipts (SR), QIB, DRT, Central Registry
  5. [Economy] Banking Amendment Bill: Issues, Features, Problems, Reforms meaning explained
  6. [Economy] Bretton Woods and Fixed Exchange Rate system : Meaning Explained
  7. [Economy] Cheque Truncation System (CTS-2010): Meaning, Advantages explained
  8. [Banking] White Label ATM: Meaning, Features, Advantages, Limitations, Financial Inclusion, Nested Design, Contagion Risk

Banking Committees

Bank Licenses-Bimal Jalan
[Economy] New Bank Licences: Bandhan, IDFC, Bharatiya Mahila Bank; Differential Bank licences, Bimal Jalan Committee, Narsimhan Committee; arguments favor against, Bank nationalization, Historic evolution of Banking sector in India
Urjit Patel

  1. [Economy] RBI Urjit Patel Committee: 4% CPI, Nominal Anchor, Multiple Indicator, Monetary Policy Framework Reforms (Part 1 of 2)
  2. [Economy] Urjit Patel Committee: Fixing Accountability in RBI, Monetary Policy Committee, Decision by Majority, Fiscal Deficit (Part 2 of 2)

Nachiket Committee

  1. [Banking] Nachiket Committee: Universal Electronic Banking Account (UEBA), Payment Access Points, Financial Inclusion, Seigniorage and More
  2. [Banking] Nachiket Committee: Payment Banks- Rationale, Features, Advantages, Limitations, Pre Paid Instrument Providers (PPI), USSD Banking
  3. [Banking] Nachiket Committee: Remove SLR, Reduce CRR, Raise PSL to 50%, Increase Loan Access: Issues, implications explained
  4. [Banking] Shadow Banks, Wholesale Banks, Securitization: Functions & Features Nachiket Committee’s recommendations
  5. [Banking] Bancassurance: Compulsory Broker Model, IRDA vs Banks, issue, benefits, challanges, insurance penetration, Financial inclusion & Nachiket Committee

Money/Bitcoin Basics

  1. [Economy] Barter-Money-Bitcoin: Fungibility, Double coincidence of wants, division of labour (Part 1)
  2. [Economy] Barter-Money-Bitcoin: Circular Flow of Income, Savings to Investment, Time Value of Money, Deferred Payments (Part 2)
  3. [Economy] Money-Bitcoin: Functions of Money, Exchange Medium, Transfer Value-NEFT-RTGS-Bitcoins, Money Illusion, Overcapitalization (Part 3)

Sharemarket

  1. [Economy] Bonds vs Shares, Debt vs Equity, IPO, Underwriter, Venture Capital, Angel Investor, Junk Bonds, Bearer Bonds, Gilt Edged securities: Meaning, Explained
  2. [Economy] Shares vs Stocks, Rights Issue of Shares, Bonus Shares, RSU
  3. [Economy] Different Types of Companies: Pvt.Ltd, Public Ltd., Public Corporation, Departmental Undertaking, PSUs
  4. [Economy] QFI (Qualified Foreign Investor) vs FII, Need, Implication, Currency Depreciation, Demat Account and more (Story of Forex continues)

Interim Budget 2014 related

Summary of Economic Survey-2012

  1. [Economic Survey Ch1] Agriculture challanges, tax to GDP, steps by Government (part 3 of 3)
  2. [Economic Survey Ch1] Investment, Savings, Gold Rush, Inflation Indexed Bonds (Part 2 of 3)
  3. [Economic Survey Ch1] Introduction, GDP FC MC relation (part 1 of 3)
  4. [Economic Survey Ch2] Demographic Dividend, Employment, Labour reforms, gist of
  5. [Economy] Liquidity Adjustment facility (LAF), Marginal Standing facility (MSF), Repo, reverse repo, SLR, CRR, NEFT, RTGS, NDTL: meaning explained
  6. [Economic Survey Ch3] Fiscal Marksmanship, Tax Buoyancy, 14th Finance Commission
  7. [Economic Survey Ch4] Inflation, WPI, CPI, monetary policy, RESIDEX gist of
  8. [Economy] Financial intermediaries: meaning, functions, examples, advantages, explained
  9. [Economy] New Pension Scheme, Swavalamban, NPS-lite, PFRDA: meaning, issues
  10. [Economic Survey Ch5] Financial Intermediaries: Insurance Sector: issues, reforms, Bancassurance, FDI (part 1 of 3)
  11. [Economic Survey Ch5] Financial Intermediaries: Capital Market: External Commercial Borrowing (ECB), AIF, QFI, FII, FDI, FSDC (part 2 of 3)
  12. [Economic Survey Ch5] Financial Intermediaries: Banks, RRBs, NBFCs (Part 3 of 3)
  13. [Economic Survey Ch6] Balance of Payments, Forex Reserves, Currency Exchange, NEER, REER
  14. [Economy] Gold Exchange Traded Funds (ETF), Gold Deposit scheme, Elasticity of Demand explained
  15. [Economic Survey Ch7] International Trade, FTA, PTA, ASIDE, E-BRC, CEPA vs CECA Difference Explained
  16. [Economic Survey Ch8] Agriculture and Food Management
  17. [Economic Survey Ch9] Industrial performance, E-biz, Invest India, Manufacturing Policy, OBICUS, ASI
  18. [Economic Survey Ch10] (Part 1 of 5) Service Sector: Tourists, Lawyers and CAs
  19. [Economic Survey Ch10] (Part 2 of 5) Postal Services, Project Arrow, INPEX 2013
  20. [Economic Survey Ch10] (Part 3 of 5) Telecommunication and IT: E-Nayana, BOSS, SAMEER, NIXI
  21. [Economic Survey Ch10] (Part 4 of 5) Services: Road Transport, Shipping, Aviation, sethusamudram, FANS, Greenfield airports
  22. [Economic Survey Ch10] (Part 5 of 5) Railways: Anubhuti, Spart, Project Unigauge, Budget, World Heritage
  23. [Economic Survey Ch11] Infrastructure (Part 1 of 2): Coal, Gas, Fuel Sharing Agreement (FSA), gas hydrate, oil shale
  24. [Economic Survey Ch11] Infrastructure (Part 2 of 2) Electricity, Renewable Energy, Bagasse Cogeneration
  25. [Economic Survey Ch12] Sustainable Development, Climate Change (Part 1 of 3)
  26. [Economic Survey Ch12] Sustainable Development, Climate Change (Part 2 of 3): SVA-GRIHA, Bachat Lamp Yojana, SEEP
  27. [Economic Survey Ch12] Sustainable Development, Climate Change (Part 3 of 3): PAT, RPO, REC, Cap-n-trade
  28. [Economic Survey Ch13] Human Development (Part 1 of 4): HDI-2012, HDR-2013, Poverty lines, Aajeevika, Tendulkar, Sreesanth, Saxena, Sengupta
  29. [Economic Survey Ch13] Human Development (Part 2 of 4): SC, ST, OBC, Minorities: welfare schemes, 12th FYP targets
  30. [Economic Survey Ch13] Human Development (Part 3 of 4): Women and Child Development, Saksham, Priyadarshini, Dhanlaxmi & yes ofcourse SABLA
  31. [Economic Survey Ch13] Human Development (Part 4 of 4): Physically Disabled, Elderly, Nomadic, Denotified Tribes, Drug junkies and Beggars

Scams /controversies

  1. [Economy] Special 301 Report, Priority List, Implication on India, Nexvar case, Compulsory License, Patent Evergreening, IPR protection, USTR explained
  2. [Economy] Nokia Tax Row: Royalty Payment, Chennai Plant, Finland DTAA, Microsoft Takeover, UNICITRAL, TDS, Withholding Tax explained
  3. [Economy] Vodafone Essar Case: Capital Gains Tax Meaning, Reasons, Timeline, Implications, explained
  4. [Economy] Reliance KG Basin Issue : Reason, Controversy, Crux of Matter
  5. [Economy] GMR-Maldives Airport Controversy, IFC, AAI: Meaning, Reason, Implications, Explained
  6. [Economy] Sugar Pricing and Decontrol, Rangarajan Committee, FRP vs SAP meaning, issues, explained
  7. [Economy] SEBI-Sahara OFCD case: Optionally fully-convertible debentures- Meaning explained
  8. [Economy] 2G scam, Spectrum refarming, Sistema controversy, Allocation of Natural Resources explained
  9. [Economy] Collective Investment Scheme (CIS) and Multi-Layer Marketing Frauds

Contemporary issues/Government schemes

  1. [Economy] Rangarajan Gas Pricing, Production Sharing Contract (PSC), APM, Non-APM, issues, recommendations
  2. [Economy] EPFO: Compulsory UID, Investment in AAA Corporate bonds, Air India
  3. [Economy] Geographical Indication GI-tag: Features, Issues, benefits, Madurai Malli, Meerut scissors
  4. [Economy] Dedicated Freight Corridors (DFC), High Speed Rail Corridors, Rail Tariff Regulatory Authority, Issues, Reforms in Indian Railways
  5. Summary: Pranab Sen Taskforce on Drug pricing control
  6. [Schemes] Handloom Mark, Handicraft Sector: Government schemes, problems, reforms

International issues

  1. [Fed Tapering:Part1 of 2] Meaning of Fed Tapering, its Negative Impact on Indian Economy, Worst case scenarios, Balance of Payment Crisis, explained
  2. [Fed Tapering:Part2 of 2] Measures to immunize Indian Economy against negative impacts of Fed Tapering, Currency Swap, Dollar Swap, FCNR swap, Brics bank explained
  3. [Economy] Quantitative Easing: Meaning, phases, Impacts on Indian Economy, Rupee-Dollar Exchange rate, Pros & Cons, Positive & Negative aspects explained
  4. [Economy] Fiscal Cliff: Meaning, Reasons, Implications on US and Indian Economy explained
  5. [Economy] LIBOR Scam : Meaning, Reasons, Consequences, Timeline, explained
  6. [Economy] What If Greece Exits from Eurozone? Implications on Indian and World Economy
  7. [Economy] WTO Doha Made Easy for UPSC and MBA Group Discussion Interviews

Food processing /Agriculture

This is for the UPSC General Studies Mains paper III topic on agriculture and food processing.

Not relevant in other exams (Except IIM/IRMA Agri. business management interviews)

  1. [Food Processing] Introduction, Scope, Significance, Awesomeness (hardly), Obstacles (truckload of) for GS Mains
  2. [Food Processing] Mega Food parks, Agri-Export Zones(AEZ), Cold Chains and truckload of government schemes
  3. [Food Processing] Nuisance of APMC Acts, Commission Agents; Marketing of agricultural produce: issues and constrains for GS Mains
  4. [Agro/Food Processing] Export, Dumping, FDI, Finance, Taxation, Budget Provisions, CODEX, NWR, BRGF, RKVY
  5. [Food Processing] Supply Chain Management, Upstream Downstream requirements for Fruit & Vegetables, Confectionery industries
  6. [Food Processing] Milk Dairy Sector, Supply Chain, upstream downstream issues, Amul Model, Operation Flood
  7. [Food Processing] Fisheries: Freshwater, Aquaculture, Shrimpfarming: supply chain, upstream, downstream, Marine Policy, Fisherman Welfare Scheme
  8. [Food Processing] Poultry, Meat, Supply Chain, Upstream, Downstream, Avian influenza, government schemes
  9. [Food Processing] Tea, Coffee Supply Chain, Upstream, Downstream for UPSC General Studies Mains
  10. [Food Processing] Edible Oil: Supply-Chain, Upstream, Downstream, Onion-Crisis and ofcourse Desi-liquor

Taxation basics:

  1. [Economy] Calculating Income Tax, Tax Exemption vs Tax Deduction, Rajiv Gandhi Equity Saving Scheme
  2. [Economy] Fiscal Consolidation, Fiscal Deficit : Meaning, Implications, Explained Why Vijay Kelkar Committee was formed?
  3. [Economy] Recommendations of Vijay Kelkar Committee on Fiscal Consolidation Roadmap
  4. [Economy] Capital Goods and Capital Gains: Meaning, Difference Explained
  5. [Economy] Infrastructure Debt Funds (IDF), Withholding Tax, EPFO Angle: Meaning, Concept, Explained
  6. [Economy] National Investment Board (NIB): Meaning, Functions, Anti-Arguments
  7. [Economy] High GDP and High Corruption: Cause or Consequence?
  8. [Economy] Ethanol Blending in Petrol: Pros and Cons, + Mohan sets up GoM
  9. [Economy] 9% GDP and 4% Agriculture growth: Fodder material for Essay and Interviews
  10. [Economy] BEE Labeling in India:

Polity /Acts related

  1. [Economy] Corporate Social Responsibility (CSR): Meaning, provision in Companies Bill 2012
  2. [Economy] Arbitration Act: Foreign Investment disputes
  3. [Economy] Foreign Contribution Regulation Act (FCRA): Meaning, Features, Controversies
  4. [Economy] Land Acquisition bill 2011 : Salient Features, Pro Con analysis

IRDA/EPFO

  1. [Economy] Labour Laws and Industrial Relations in India for APFC / EPFO exam
  2. [Economy] Insurance Types, IRDA, Reforms, FDI in Insurance for AFPC, LIC AAO etc exams

Powerpoints

Part of my lecture series at Sardar Patel institute of Public Administration (SPIPA), Ahmedabad. Basically the same things discussed in various articles.
https://files.secureserver.net/0f2Bcpp7acGTiB

Weekly Current Affairs

2014: February Week#1 (1-7)

  1. [Economy] Current 2014 Feb Week 1: Fiscal Policy, Spectrum, Subsidies, LPG and Banking Sector (Part 1 of 3)
  2. [Economy] Current 2014 Feb Week 1: FDI, Regulatory Bodies, Infrastructure (Part 2 of 3)
  3. [Economy] Current 2014 Feb Week 1: Bilateral, Poverty Hunger, Food Processing, PIN (Part 3 of 3)

for more current affairs on economy, Polity, diplomacy- visit Mrunal.org/CURRENT

How to prepare Economy?

ExamMicroeconomicsMacroeconomicsIndian Economy
UPSC /CSATbarely 1-2 MCQsyesyes from British raj till current era.
IBPS/Bankingnomonetary policy relatedbanking sector related (from evolution in British raj to post-independence-till now)
SSC/Staff selectionbarelyyesMostly current affairs- PIN/GK type.
IIM interviewsyesyesMainly corporate sector related current & contemporary.
CAPF (Assistant commandant)barelyyesMostly current.
CDSyes, quite a few MCQs from hereonly overviewonly overview
State service PSCdependsfewCurrent affairs/PIN/GK type.

Prep. Sources for UPSC

The new syllabus of Mains exam is designed in such way that you’ll encounter economy in GS1, GS2 and GS3 – directly and indirectly. Therefore good command over economy=essential for writing high quality answers- even essays and interviews.

Free Downloads / Textbooks

  1. NCERT Textbooks (Free Download available under Mrunal.org/download)
  2. If you’ve time you may also consult NIOS textbooks. else ignore

Books to refer:
Ramesh Singh Hindi . Indian Economy Ramesh Singh 6th Ed

  1. Indian Economy by Ramesh Singh (Tata Macgrawhill publication)
  2. Indian Polity by M.Laxmikanth: meant for Indian Constitution topic, but also important for preparing budget making, CAG, parliamentary Committees, central-state taxes and other issues related to Indian economy.
  3. India Yearbook 2014: for government schemes, Ministries and departments.
  4. Bipin Chandra: India’s struggle for independence: Meant for the History preparation but also required for understanding economy during British Raj. (Mains GS1)
  5. Bipin Chandra: India since independence: meant for Post-Indepdence topic for Mains GS1 topic. But also helps in Land reforms, cooperative movement, bank nationalization, five year planning related topics of Indian Economy.

Other sources:

SOURCEINDIAN ECONOMY
pib.nic.infor government scheme, planning related
Mrunal.org/economyyes
12th FYP report PDFoverview given @end of each chapter
Hindu/IndianexpressMust maintain daily notes.
Economy Survey Budgetsummaries given in Mrunal.org
Rail budgetHardly useful. just get an overview of MCQ worthy info. don’t waste more time in doing Ph.D.
Competitive magazinesJust to update your notes, in case you missed any important development from newspapers. don’t use magazine as primary source for economy preparation.
frontline, EPWhelps in descriptive, essay and interview. Should be read from library.
Yojana MagazineDeals with government schemes and planning related issues.
Kurukshetradeals mainly with Rural development. Important for Public Administration. But for general studies- depends on your time and mood.

Not required/useless/bogus

  1. Dutt Sundaram, Mishra Puri, Uma Kapila = these are all academic books. For general studies/competitive exams you don’t need to prepare that deep. so, Don’t waste time in them. Certain (coaching) sites from 90s era still mention these as reference sources. My advice: Avoid.
  2. Economics Times, Financial Express, Business line etc.= In certain doctored (fake) topper interviews published in certain magazines, the topper would claim “I read all these newspapers every day for preparing economy.” This is overkill, humanly impossible. At most one newspaper is sufficient. For competitive exam you don’t need to prepare that deep from three-four different newspapers. However, if a topic is really important (such as GST/DTC related development) then you may use google to dig more from those newspapers. But don’t waste time reading three newspapers per day.
  3. Coaching material/Postal material: Most of them just bullet the paragraphs given in Hindu and sell it as “Current affairs compilation”. Waste of time and money.

How to prepare Economy for IIM/MBA GDPI/Interviews

economics-satish-deodhar-iim-a
Most of the candidates spend entire year only on CAT. They start economy/current affairs preparation only 1-2 months before the GDPI= low quality answers=#EPICFAIL. You must do following

  1. Daily read any one English newspaper – (preferably IndianExpress, Hindu) that’ll help you even in reading comprehension.
  2. Maintain notes for important developments related to BusinessGK/FDI/Graduation field. Those IIM professors are too intelligent to fall for low quality clichéd points taught in magazines and *** classes for GDPI.

Idea prep = NCERT + Ramesh Singh. But if you want to take a shortcut then I would recommend go through “Day to Day Economy by Satish Yeodhar (IIM Ahmebad Business books series);

How to prepare Economy for IBPS, Bank Exams?

Detailed strategy given here: click me

How to prepare Economy for SSC?

Detailed strategy given here: click me

ya but How to kick start the Economy preparation (UPSC)

Basic approach for UPSC  Civil Service Exam is given below. (For other exams it varies according to their pattern)

Approach: Microeconomics

Only do selective study from NCERT Class 11 Microeconomics, as following.

  1. Elasticity  of demands (ch2) + Giffen goods (internet)
  2. Law of diminishing marginal product (ch 3.4)
  3. Perfect competition (ch4.1): only features.
  4. Non-competitive markets: (ch.6)
    1. features given @intro
    2. Monopolistic competition (ch.6.2.1)
    3. Oligopolistic competition (ch 6.2.2)
  5. Price ceiling and Price floors (ch5.2): only basic definition
  6. Glossary: only MCQ worthy definitions.

Approach: Macroeconomics + Indian Economy

GDP GNP Growth Basics

NCERT Class 12 MacroeconomicsAfter NCERT
Ch. 2 National Income Accounting

  • Circular flow of income.
  • How to calculate national income (ignore minute details/fomulas)
  • GDP, GNP, NNP, deflator and their formulas.
Ramesh: Ch1. subtopic ideas of national income
Ch2 GDP vs Welfare topic (given at the end of this chapter)
  1. RAMESH: Ch 2 growth and development.
  2. Human Development index: Theory + current (Mrunal under Economic Survey ch. 13 summary) + Schemes.
  3. Then newspaper + Yojana/Kuru +Magazines =>pib.nic.in

Money Banking Finance

NCERT Class 12 MacroeconomicsAfter NCERT
Ch. 3 Money & Banking: Supply of money, Functions of RBIRamesh

  • 12 Banking
  • 11. Financial market => 14 Securities Market (Stock exchange, FII, QFI etc.)
  • 13 Insurance

Current:

  • Economic Survey ch5 (FI)
  • Legal angle: CSR, company law, SEBI powers
  • Committees: Mayaram FDI-FII, Bimal Bank License, Nachiket Fin. Services, PJ Nayak Governance in Bank boards. list goes on.
  • Scam like: Bitcoin, Ponzi Scheme, NSEL, SEBI-SAHARA, Money laundering
  • Growth/Inclusion Angle

Foreign Investment/ Foreign Trade

NCERT Class 12 MacroeconomicsAfter NCERT
NCERT 12/macro/ch.6

  • Balance of Payment, Foreign Exchange
  • Gold standard, Bretton woods.
  • ignore Formulas and Charts. only one formula important: National income: Y=C+I+G+X-M
  • +prepare all the terms in Glossary.
Ramesh

  • Ch15: External Sector
  • Ch16: IMF, World banks, OECD, ADB and other intl.org (even for Mains)

Current (focus on these news)

  1. CAD high, Rupee weak (Govt+RBI)
  2. Bilateral investment
    1. India 2015 Ch. on Commerce. (for Mains.)
    2. Visits and agreements. (make notes)
  3. WTO: current (Bali summit, agro subsidy)
  4. Infra, Food processing related (GSM3)

Taxation/ Fiscal policy

NCERT Class 12 Macroeconomics

Chapter 5

  • Revenue and capital account
  • Measures of deficit
  • Changes in Expenditure : ignore graph and formulas
  • Debt, deficit

After NCERT

Laxmikanth English . Laxmikanth Hindi

Laxmiankth’s book on Indian Polity. also available in Hindi

Ch. on parliament=>budget making, chapters on Central state relations, federalism and CAG.

Ramesh Singh :

  • Ch. 18 Public finance.
  • Ch.17 Taxation
  • Lastly, GSM (MCQ)

(optional) Laxmikanth’s book on Pub.Ad:

  • Chapter on Financial Administration,
  • Union Government in India (PSU)

Approach: Indian Economy (for UPSC)

For Indian Economy- the approach must be “prelim cum mains”. (Prelim-oriented “jugaad” preparation doesn’t work anymore- because UPSC professors designing tough MCQs to break the backs of coaching classes and senior players.) Anyways you should approach the basic of Indian Economy following sequence:

#1: Background + British Raj/Pre-independence

NCERT 12: Fundamental of Human Geo.

  1. Unit III (ch.5 to 9): sectors of economy

Colonialism, Imperialism, industrial revo.

  1. NCERT (old) class 10, first chapter  (Mrunal.org/history)
  2. Bipin Chandra (Ch7) Economic Critique
  3. NCERT class11 (economy) Chapter 1

#2: Agriculture/land reforms

Bipin chandra after independence
NCERT (economy) class11 Chapter #2:

  1. Planning topic ==>Ramesh 4 and 5
  2. Land reforms topic => India Yearbook for schemes (rural development).
    1. To prepare land reforms for Mains, go through
      1. Mrunal.org/polity
      2. Bipin Chandra: India Since Independence (ch.29 to 31)
  3. Green revolution
    1. NCERT geography books for more on Indian agriculture, cropping patterns, soil types.
    2. India Yearbook 2014: MSP, NAFED etc from agriculture chapter
    3. Ramesh Singh Ch.8.
    4. Mains: Food processing- I’ve written whole article series [Food processing], links given above.
    5. Mains: Bipin Chandra: India Since Independencech33

+ Maintain notes from Yojana, newspapers, PIB etc. for issues related to land reforms, subsidies, rural development and planning.

#3: Rural development

NCERT class11: Ch.6 Rural development

  • Rural banking=>RRB, financial inclusion (Mrunal’s articles)
  • Agri.marketing=> Food processing (Mains) (Mrunal’s articles)
  • Organic farming & its benefits.
  • Eco.Survey ch8 (agri. Food  Management)
  • IYB chapter (Agri, rural urban Development)

#4: Industrial development

  • NCERT (economy) class11
    • Chapter 2: Industrial policy resolution, Import substitution, Permission raj
    • Chapter 3: LPG
  • Ramesh Singh
    • Ch.6 (Economic Reforms)
    • Ch7 Inflation. (+newspaper)
    • ch9 (Indian industry and infra.) licensing, policy, disinvestment
  • Budget + Economic survey + IYB
  • Mains: Bipin PI Ch.25-28

#5: Infrastructure

  1. NCERT class11:  Ch.7 infrastructure
    1. Energy=> renewable/non sources (GSM1); infra. (GSM3). For geography angle, refer to Majid Hussian or DR Khullar.
    2. Health infra.=> MDG, Public health, Schemes (GSM2 social sector schemes)- given on Mrunal.org/snt
  2. Ramesh Ch 9 and ch.22
  3. Economic Survey ch. 9, 10 and 11

For Mains: 12th FYP plan’s points/recommendations for infrastructure.

#6: Poverty, Human resources

  • NCERT class11:
    1. Ch4 Poverty: poverty line, Causes of poverty
    2. Ch5 human capital formation
    3. Ch7 Employment
  • Prelim cum mains (GS1 and GS3)
    1. Ramesh: ch.21  Demographic dividend, Ch. 22 human development
    2. Eco. Survey ch.2 and ch.13
    3. Census 2011, skill Development (Yoj/Kur/12th FYP/Schemes)

#6: Sustainable development / Desi liquor

  1. NCERT class11:  9
    1. Carrying capacity, ozone depletion etc. basic
    2. for biodiversity /environment angle: additionally prepare NCERT sci/geography, NIOS
  2. Ramesh Ch.20
  3. RIO+20 (Mrunal.org/enb) This summit is old topic but gives decent fodder points for essay/interview.
  4. Economic Survey ch. 12

Once this is done, you may go through remaining chapters of NCERT/Ramesh as per your time/mood.

MrunalEconomy : All Articles written by Mrunal for UPSC, SSC, IBPS, IIM MBA GDPI- Current Affairs, Indian Economy