1. Prologue
  2. L5/P2: Economic survey: Agriculture reforms
  3. L5/P3: Industrial Sector: Theory
  4. L5/P4: Factory-Labour reforms and Companies Act


  • Continuation of the lecture series on budget-economic survey.
  • Under Sectors of economy, GDP related topics were covered in last lecture. This next session held on 27th March 2015, further continues into agriculture and manufacturing sector.
  • PowerPoint of the lecture, available at Mrunal.org/Download
  • Medium of instruction- Hindi.
  • English version not possible for the moment, because faculties are required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English in the powerpoints and articles (e.g. Shanta Kumar, Companies act etc.)

L5/P2: Economic survey: Agriculture reform

agriculture reforms

  1. overview of the problems faced by agriculture sector of India, and its possible solutions
  2. Agricultural productivity for various crops in India’s best vs. World’s best.
  3. How to improve agricultural yield? Measures suggested by economic survey
  4. agriculture extension services- challenges and remedies
  5. BT and genetically modified crops- why is economic survey suggesting changes in regulatory sector?
  6. Why Overconsumption of fertilizers and its negative impact on Indian economy and ecology?
  7. Salient features of soil health card scheme and Mridaparikshak.
  8. Shanta Kumar committee’s recommendations on fertiliser subsidy
  9. irrigation challenges and provisions in budget 2015
  10. agricultural credit/farm loans provisions in budget 2015
  11. Post-production reforms in agriculture sector (1) public procurement-FCI-PDS  Shanta Kumar (2) private retail- APMC reforms, national common market.
  12. Mock question for Mains: “Agricultural commodities markets have to be made more competitive in the interests of both producers and consumers.” Examine the legal-Constitutional impediments involved and suggest remedies. 200 words.

Youtube Link: https://youtu.be/rIz7-0smZHU

L5/P3: Industrial Sector: Theory

industrial policy

  1. industrial policies of 1948, 1956 and 1991
  2. 3 areas reserved for public sector
  3. 5 areas requiring industrial licensing.
  4. Differences between cottage industry, village in the sea, organised sector, and organised sector, MSME and SSI
  5. classification of micro small medium enterprises (MSME)
  6. budget 2015 announcements: Mudra, AIM and SETU
  7. Mudra bank: purpose, salient features, criticism
  8. Atal innovation mission
  9. SETU: self-employment and talent utilisation scheme for start-up companies.
  10. Public procurement policy 2012 vs public procurement Bill 2012

Youtube Link: https://youtu.be/Vfc3qMo_wEM

L5/P4: Factory-Labour reforms and Companies Act

factory labour reforms

  1. Why the need for factory Labour reforms in India?
  2. Definition of factories under the act of 1948 versus bill of 2014
  3. Salient features and benefits of factories Bill 2014.
  4. Apprentice Bill 2014
  5. corporate governance – definition and purpose
  6. Companies act 2013 – three types of companies: one-person company, public limited company, private limited company.
  7. Holding company versus subsidiary company
  8. What is special purpose vehicle (SPV)?
  9. Government owned entities: departmental undertakings, public corporations and government companies.
  10. Provisions related to board of directors an independent directors
  11. corporate social responsibility – CSR: provisions in companies act 2013
  12. 4 statutory bodies under companies act 2013
  13. National company law tribunal (NCLT)
  14. National financial reporting authority (NFRA)
  15. investor and education protection fund
  16. serious fraud investigation office (SFIO)

Youtube Link: https://youtu.be/E72-MTcPLws

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