[Win20CSP] Mrunal’s Free Economy Update Pack Pillar1A: money, Banking, finance, insurance for Previous Batch Students

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Mrunal's Economy Course
  1. Prologue
  2. Procedure to update your Old Material using Win20CSP Handouts
  3. List of Topics Updated in Pillar1
    1. Pillar#1A1: Money-Barter to Bitcoin ke updates
    2. Pillar#1A2: Monetary Policy
    3. Pillar#1B1-Classification of Bank-NBFC
    4. Pillar#1B2: Burning Issues in Banking-Finance
    5. Pillar#1C: 🐮📈🐻 SEBI-Share Market
    6. Pillar#1D: ⚰️Insurance, Pension & Financial Inclusion

Prologue

Mitron, on the Unacademy Plus, so far I’ve done following batches on economy:

  • 2019-January to May: Two Batches
  • 2019-June to Sept/Oct: Third Batch
  • 2019-Oct to 2020-jan: Fourth Batch, also called ‘Batch-F’

These old batches’ students have my full-length economy handouts.

  • Next UPSC IAS/IPS Civil Service prelims (CSP) is on 31/5/2020.
  • So, You’ve prepare current affairs of economy upto atleast (D-1 month) i.e. 30/4/2020.
  • From the my first Unacademy Plus batch’s End (=May-2019) till ‘D-1’ month before next Prelims-2020 i.e. 30/4/2020.  →  whatever new current affairs updates have occurred / will occur in Economy
  • such as new budget, economic survey, MANI App, RBI’s bi-monthly monetary policies, Operation Twist, Yes Bank collapse, AT1 Bonds, IBC amendments, new slabs in Income Tax, RCEP signing refusal, ranking/data updates in GDP, inflation, Ease of Doing, HDI, GII etc. etc.
  • For them, I’m creating separate (FREE) updation handouts, labelled “Mrunal’s Economy Win20CSP Update Pack for 2019’s batches Pillar (1/2/3/4/5/6). PDFs”.

Procedure to update your 2019’s Economy Material using Win20CSP Handouts

  1. (Assumption) You’ve attended my full-length economy course anywhere in 2019.
  2. 💾Download this PDF file.
  3. 🖨Take printout. DONOT STAPLE OR FILE, YET (because you have to fill up some blanks)
  4. 📡Attend the FREE LIVE lecture HERE on 24th Tuesday, 9PM. It’s called ‘Unacademy special classes’, which means it’s basically free to attend for everyone.
  5. 🖋Fill up the blanks in handout during my lecture class.
  6. 🧷Afterwards, file the updated printout in / after appropriate pillars of your existing (old) handouts’ folders.
  7. 🎉So, your existing material will get automatically updated.

List of Topics Updated in Pillar1

As you’re aware, I cover economy in six pillars. This first Win20CSP Handout contains following updates for Pillar1:
Mrunal Economy Update Win20CSP for UPSC

10: Pillar#1A1: Money-Barter to Bitcoin ke updates

  • 10.1 💸Coins and Notes
  • 10.1.1 💸👩‍🦯🤳🏻RBI’s App to help the blind identify currency notes
  • 10.1.2 Budget-2020: A museum for coins
  • 10.2 💳Digital Payments / Less Cash Economy
  • 10.2.1 💳 ⏰NEFT becomes free & available 24/7
  • 10.2.2 💳Digital Payment → MDR developments
  • 10.2.3 👨‍⚖‍💳New Umbrella Entity (NUE) for Retail Payments System (2019)
  • 10.2.4 🚕💳 National Common Mobility Card (NCMC, 2019)
  • 10.2.5 🚕💳 FASTag for paying toll fees at highways (2017)
  • 10.2.6 🕵🏻📒💳 RBI’s Nandan Nilekani Panel (2019: Jan to May)
  • 10.2.7 💳📒🕵🏻 Payment and Settlement Systems in India: Vision 2019 – 2021
  • 10.3 💮🔗 Money’s Evolution → Cryptocurrency
  • 10.3.1 💮🔗🐯 Cryptocurrency & India  →  RBI ban revoked by SC
  • 10.3.2 💮🔗  Cryptocurrency & India  →  ⚖️ Banning of Cryptocurrency Bill, 2019
  • 10.3.3 💮🔗🥇 Cryptocurrency  & world → Stable-coins
  • 10.3.4 🌐👶🔗💮 Cryptocurrency  & world → UNICEF’s Crypto Donation Fund

11 🐯 Pillar#1A2: Monetary Policy

  • 11.1 ES20 data on Money Supply
  • 11.2 ES20: data on Measures of Money Supply [M1, M3]
  • 11.3 🐯 RBI’s Monetary Policy Tools: Updates
  • 11.3.2 🐯🔪🗓 Long Term Repo Operations (LTROs)
  • 11.4 🐯📢🗃🧬MonPolicy: Quantitative Tools  → Operation Twist
  • 11.4.1 🔪🗃:Security → Debt  → G-Sec & Bonds
  • 11.4.2 🔪🗃:🤵Corporate Bonds: factors that determine its interest rate
  • 11.4.3 🔪🗃: 🤑 Bond Yield
  • 11.4.4 🔪🗃: 🤑 Bond Yield ∝ 1/Price
  • 11.4.5 🔪🗃: 🤑 Bond yield: other factors affecting it
  • 11.4.6 🐯📢🗃🧬Operation Twist: why?
  • 11.4.7 🐯📢🗃🧬RBI’s Operation Twist: methodology (2019-Dec)
  • 11.4.8 🔪🗃: 🤑 Bond Yield: Related Concepts
  • 11.4.9 🔪🗃: 📉😟 Inverted Yield Curve = recession is coming
  • 11.4.10 🔪🗃: 📉 🍕🤯 Negative Bond Yield
  • 11.5 🐯📢RBI’s Bi-monthly Monetary Policies
  • 11.5.1 🔪🤲🏻🏠🛵 Bank’s loan interest rate: External Benchmark (बाहरी बेंचमार्क,2019)

12 : Pillar#1B1-Classification of Bank-NBFC

  • 12.1 🤩 Golden Anniversary of nationalization- ES20
  • 12.1.1 🦄> 🦁: Private sector banks are better than PSBs
  • 12.1.2 🦁 = 🐌 PSBs: reasons for inefficiency & remedies?
  • 12.1.3 Merger of 10 PSBs into 4 (Announced in 2019-August)
  • 12.1.4 🏦 👨‍⚖‍ 🌎🚫🚗📜 On-Tap Licenses for SFB
  • 12.1.5 🏦 👨‍🌾Cooperative Banks: Kerala Bank (2019)
  • 12.1.6 🏦 👨‍⚖‍AIFI: NHB’s regulatory power shifted to RBI in (Full) Budget-2019
  • 12.1.7 🏦👨‍⚖‍NBFC → Investment and Credit Companies (new category in 2019)
  • 12.1.8 🏦👨‍⚖‍ Microfinance → Lending norms changed in 2019-Oct

13 : Pillar#1B-2: Burning Issues in Banking-Finance

  • 13.1 🏦 👨‍🌾😥 Cooperative Banks: Negative News (2019): PMC Bank
  • 13.2 🏦🙊😥Yes Bank and AT1 Bonds (2020)
  • Equity Capital + Liabilities + NET Profit = Assets
  • 13.2.1 🌐🏦 🕵️‍♂‍ BASEL-III norms: Capital Tiers
  • 13.2.2 🔪🗃💇🏼‍♂‍Additional Tier 1 (AT1) Bonds
  • 13.3 👻(🚫🏦): NBFC: Shadow Banking (आभासी / प्रतिछाया बैंकिंग प्रणाली)
  • 13.3.1 😥 ⛱ NBFC-Negative News (2019): Thomas Cook NBFC closure in UK
  • 13.3.2 🔪💀 NPA: Data from ES20
  • 13.3.3 ⚖️🔪 IBC Amendments
  • 13.3.4 ⚖️🔪 Insolvency and Bankruptcy Code Amendment (2018: संहिता संशोधन)
  • 13.3.5 ⚖️🔪🤝 IBC Code (first) Amendment Act (2019: संहिता संशोधन)
  • 13.3.6 ⚖️🔪🤝 IBC Code (second) Amendment Bill 2019)
  • 13.3.7 🈶🌐🔪🤝 Cross-border Insolvency (सीमा-पार का दिवालियापन)
  • 13.3.8 🔪👨‍🔧NPA: relief given to MSMEs in 2019
  • 13.3.9 🔪🐯RBI’s ‘Feb-12’ Circular (2018) & Prudential Framework (2019)
  • 13.4 🔪📘 📘 Economic Survey on NPA (आर्थिक सर्वेक्षण)
  • 13.4.1 🔪📘 📘 Economic Survey 2018-19 on NPA (released in 2019-July)
  • 13.4.2 🔪Economic Survey 2020 on NPA (released in 2020-Jan-31st)
  • 13.4.3 🔪📔📔ES20: Use AI-ML Technology
  • 13.4.4 🔪📔📔ES20: setup PSBN Network
  • 13.4.5 🤦🏻‍♂‍PSB Banking Personnel  Reforms→ ES20 Vol1Ch7 (50 years anni.)
  • 13.5 🕵🏻💸👩‍👩‍👧‍👦DICGCI: depositor’s insurance hiked by Budget-2020
  • 13.5.1 🐯🤲🏻🦁 RBI’s Bimal Jalan panel (2018-Nov)
  • 13.5.2 RBI’s Financial / Accounting Year (वित्तीय वर्ष में बदलाव)

14 : Pillar#1-C: 🐮📈🐻 SEBI-Share Market

  • 14.1 🔪🗃⏰ debt instruments: Short term (लघु अवधि ऋण  उपकरण )
  • 14.2 🔪🗃🗓 Debt Instruments: Long Term (दिर्ध अवधि ऋण  उपकरण )
  • 14.3 ⚖️🗃 Shares / Equity Finance / IPO
  • 14.4 🌬🌪:🤷🏾‍♂‍⚖‍👨‍⚖‍ Force Majeure (अभेद्य शक्ति)
  • 14.5 Share market: misc. Terms
  • 14.5.1 🗃🔢 ISIN Number
  • 14.5.2 🗃🕵🏻‍♀‍IOSCO
  • 14.5.3 🔗🥏 Initial Coin Offering (ICO)
  • 14.6 Investment Instruments/Funds
  • 14.6.1 📦 🤹🏻‍♂‍ 🤴🏻 Sovereign Wealth Fund (SWF: संप्रभु धन कोष)
  • 14.6.2 (🦁🔪)📦: (🏛🛒🤝) Bharat Bond (Debt) ETF (2019-Dec)
  • 14.6.3 (🦁📦):(🏗🏠) Govt’s AIF for Real Estate Sector (2019)
  • 14.7 🤼‍♀‍👬 Corporate Governance (कॉर्पोरेट शासन)

15 : 1D: ⚰️Insurance, Pension & Financial Inclusion

  • 15.1.1 ⚰️💀🏤 🦁 LIC’s Disinvestment (2020, विनिवेश)
  • 15.2 💊 Gen Insurance → Health Insurance (स्वास्थ्य बीमा योजनाएं)
  • 15.2.1 😵: 🧐💊Arogya Sanjeevani Policy (2020)
  • 15.3 Ayushman BHARAT Funding
  • 15.3.1 PM-JAY Funding pattern after removal of Art 370
  • 15.3.2 💼Budget-2020: 5% Health CESS
  • 15.4 🧔⚰️🌽 PM Fasal Bima Yojana: Norms changed in 2020
  • 15.4.1 ⛴🔪(👨‍💼🏦) Insurance to Banks on Exporters’NPA → NIRVIC Scheme (2019)
  • 15.4.2 ⚰️🏗📜Title Insurance (जमीन / इमारत का टाइटल बीमा)
  • 15.4.3 🌬🌪 (Proposed) Catastrophe Insurance (आपदा बीमा)
  • 15.4.4 Insurance progress indicators  (बीमा प्रगति संकेतक)
  • 15.4.5 FDI in Insurance Sector changed by  Full Budget-2029
  • 16 👨‍🔧 → 👴🏻 (💰🗓) PENSION (पेंशन)
  • 16.1 EPF Commutation (2020)
  • 16.2 Old Pension Scheme (OPS) will not be re-introduced
  • 16.2.1 👨‍🌾 → 👴🤲💰: 🧔 Pension: Three Maan Dhan Yojanas
  • 16.2.2 Separation of PFRDA and NPS Trust
  • 16.3 🛫👨‍🔧Social Security for Overseas Indians (Pension / Insurance)
  • 16.3.1 🛫👨‍🔧Mahatma Gandhi Pravasi Suraksha Yojana, 2012 to 2017
  • 16.3.2 🛫👨‍🔧Pravasi Bharatiya Bima Yojana, 2017
  • 16.4 🏍🍴🚕 Gig Workers’ social security code (गिग कर्मी की सामाजिक सुरक्षा संहिता)
  • 17 (👨🏻‍🌾👨🏼‍🔧:💰)→💳Financial Inclusion (वित्तीय समोवेशन)
  • 17.1 RBI’s Lead Bank Scheme (1969)
  • 17.2 (Full) Budget-2019: JANDHAN Overdrafts to women in SHG
  • 17.3 🤳🏻 Jan Dhan Darshak App (2018)
  • 17.4 📮 (Yearbook) Dept of Post: POSB vs IPPB
  • 17.5 (👨🏻‍🌾👨🏼‍🔧:💰)→ 📦 Chit Funds and Prize Chits
  • 17.5.1 (👨🏻‍🌾👨🏼‍🔧:💰)→ 📦 Chit Funds (Amendment) Act, 2019
  • 17.6 Banning of Unregulated Deposit Schemes Act, 2019

Stay Tuned for the Remaining [Win20CSP] Pillar#2/3/4/5/6’s update packs at Mrunal.Org/Download

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13 Comments on “[Win20CSP] Mrunal’s Free Economy Update Pack Pillar1A: money, Banking, finance, insurance for Previous Batch Students”

  1. Unacademy link you provided is not working. Is showing “504 Gateway Time-out”. Other than that, Sir thank you very much

  2. U r liking blessing on earth fr Upsc aspirants. Thankyou sir.

  3. Thank you sir

  4. Sir, please continue series of Economic Survey 2020 Summary

  5. Thank you so much sir

  6. Thanks Sir. Eagerly waiting for the update series!!!!!

  7. Much Much appreciated sir. Thanks a lot. 😊

  8. Sir you are really God for people like me who can’t afford repeated courses with latest updates….. This update is really a blessing…. Koti koti naman gurudev

  9. can anybody please help me out i belong to kashmir.Have no internet acess here so couldn’t switch to online paid or free lectures.Can anybody give me a way about getting pdf handouts of Mrunal sir for 2020 prelims

  10. The link which you have given is not getting opened sir , please help me with that

  11. sir iam siva from southern state… first of all thank you for your effort.. please provide classes in english. as a ardent follower of your lectures i cant attend many ponits because of my poor hindi language.. it is naot only for me but many southern state students. our humble request to you please take classes with english….

  12. i want whole year current affairs related wid all subjects

  13. Update pillar 1 required

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