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1. National Income Accounting1.1. Significance of National Income Accounting2. Concepts of National Income2.1. GDP or Gross Domestic Product2.1.1. Real GDP and Nominal GDP2.2. GNP or Gross National Product2.2.1. Net Factor Income from Abroad2.3. Why GDP is the Most Acceptable Indicator Worldwide?2.4. Depreciation2.5. NDP or Net Domestic ProductNDP = GDP – Depreciation.2.6. NNP or Net National Product2.7. The concept of Market Price and Factor Cost2.8. National Income (NI)National Income at Factor Cost = NNP at Market Price – Indirect Taxes + Subsidies2.9. Transfer Payments2.10. Personal Income (PI)PI = NI + transfer payments — Corporate retained earnings, income taxes, social security taxes.3. Factors Affecting National Income4. Comparing National Income Across Countries4.1. Types of Exchange Rates5. Measurement of National Income5.1. Value Added Method5.2. Income MethodGDP = Wages+ Interest + Rent +Profit + Dividend + Indirect Taxes-Subsidies+ Depreciation5.3. Expenditure MethodGDP= C+I+G+X-IMProduct MethodIncome ApproachExpenditure Approach5.5. Base Year, GDP Deflator5.6. Difficulty of Measurement (With Special Reference to India)6. Recent Developments in GDP Measurement6.1. Gross Value Added7. Debates Around GDP and Other Indices7.1. Economic Growth versus Development7.2. Other Arguments Against GDP as a Parameter to Judge Progress7.3. Other Indices to Measure Development7.3.1. HDI or Human Development Index7.3.2. Gender Inequality Index (GII)7.3.3. Gender Development Index (GDI)7.3.4. Multidimensional Poverty Index (MPI)7.3.5. Inequality-Adjusted Human Development Index (IHDI)7.3.6. Green GDP7.3.7. Gross National Happiness7.3.8. Human Poverty Index or HPI7.3.9. Genuine Progress Indicator8. GS Mains Test Series Questions1. “A new way of measuring GDP created the world's fastest-growing major economy overnight”. In the context of India analyse the benefits and concerns raised by the new methodology adopted to calculate GDP figures by the Central Statistical Organisation.Answer:9. Previous Years UPSC GS Mains QuestionsMONEY AND BANKINGContents1. Money1.1. Money or Credit Creation Process1.2. Definition of Money1.3. Functions and Significance of Money1.4. Kinds of Money1.5. Money Supply in India1.6. Factors affecting Money Supply in India2. Banking2.1. Indian Banking System2.2. Indian Banks Abroad2.3. Another way of classification of banks2.4. Banks v/s Non- Banking Financial Companies (NBFCs)2.5. Banking Reforms in India2.6. Issue of Non-Performing Assets (NPAs)2.7. Some Important Terms3. GS Mains Test Series Questions1. Digital currency represents a decentralized form of money that is more secure, more fungible and more functional than anything we’ve seen before. Examine.Answer:2. Examine the reasons for poor performance of public sector banks in India. Give an account of the steps taken by the government and RBI to improve their performance. Also analyse whether the risks arising from the consolidation of the Indian banking sector outweigh the potential longer-term benefits.Answer:3. The advent of differentiated banking marks the beginning of a radical overhaul of the banking structure that would address the abysmal levels of financial inclusion in India. Elaborate. What are the possible issues that could impede the functioning of these banks?Answer:4. The proposal of floating Bad Bank has its merits. However, in Indian context, making it a success poses significant challenges. Discuss.Answer:5. Comment on the problem of rising Non Performing Assets (NPAs) in India, with particular reference to public sector banks. Examine the effectiveness of the steps taken by the government in recent times to deal with this problem.Answer:6. Even though the Pradhan Mantri Jan-Dhan Yojana is an accelerated effort towards financial inclusion, mere opening of bank accounts will not transform into financial inclusion in India. Analyse.Answer:7. MUDRA bank has been termed as a game changer for micro finance sector in the country. What are the objectives of MUDRA Bank? Is there a need of such an institution when there already are multiple schemes and institutions operating for the same purpose?Answer:4. Previous Years UPSC Mains QuestionsCENTRAL BANK AND MONETARY POLICYContents1. Central BankReserve Bank of India2. Monetary Policy2.1. Definition of Monetary Policy2.2. Types of Monetary Policy2.3. Objectives2.4. Tools to Regulate Monetary Policy2.5. Limitations of Monetary Policy2.6. Revision of Monetary Policy in India2.7. Monetary Policy Committee (MPC)2.8. Latest Developments2.9. Miscellaneous3. GS Mains Test Series Questions1. In the context of Indian Economy, it is said that there are three macro-economic challenges -- managing growth inflation, mitigating vulnerability of the external factors and managing the political economy of fiscal consolidation. Discuss.Answer:2. What do you understand by Monetary Policy Trilemma? How can it be resolved in Indian context?Answer:3. Monetary policy transmission in India has largely remained ineffective. What are the reasons behind this? Explain what marginal cost-based lending rate (MCLR) is and how it can affect monetary policy transmission in India.Answer:4. Examine the causes of rupee depreciation and its impact on the Indian economy. Also discuss the steps taken by the Government and RBI to stem its slide.Answer:Impact of rupee depreciation:Steps taken up by RBI and Government:4. Previous Years UPSC GS Mains QuestionsFISCAL POLICYContents1. Introduction and Definition2. Instruments of Fiscal Policy2.1. Government or Public Expenditure2.2. Government or Public Revenue3. Cascading Effects of Taxation: MODVAT and CENVAT4. Budgetary Deficits4.1. Revenue Deficit4.2. Fiscal Deficit4.3. Primary Deficit4.4. Deficit Financing4.5. Deficit Reduction5. Fiscal Policy in Action5.1. Expansionary and Contractionary Fiscal Policy5.2. Classical and Keynesian views of Fiscal Policy5.4. Fiscal or Economic Stimulus5.5. Effects of Fiscal Policy on Macro Economy5.6. Effects of Fiscal Policy on Consumer Spending6. Drawbacks and Limitations of Fiscal Policy7. Fiscal Federalism and Centre State Transfers7.1. The Finance Commission7.2. Changes in Indian Taxation System8. Recent Developments in Taxation System8.1. Goods and Services Tax (GST)8.2. The Direct Taxes Code Bill, 20109. Miscellaneous9.1. Tax Terrorism9.2. Tax Evasion and Tax Avoidance9.3. Tax Havens10. GS Mains Test Series Questions1. It is important for India to return to the path of fiscal consolidation while also increasing public investment. Explain why achieving both these objectives are important to revive the present economic environment in the country.Answer:B. Argument againstPublic InvestmentB. ChallengesWay forward11. Previous Years UPSC Mains questionsGOVERNMENT BUDGETINGContents1. Budgeting: Meaning and Importance2. The Union of India’s Budget2.1. Components of the Government Budget2.2. Stages in Enactment3. Weaknesses in the Budgetary Process3.1. Weaknesses in Resource Allocation and Use3.2. Weaknesses in the Indian Budgetary System and Implementation4. Budgetary Reforms4.1. Medium Term Budget Frameworks4.2. Prudent Economic Assumptions4.3. Top-Down Budgeting Techniques4.4. Relaxing Central Input Controls4.5. An Increased Focus on Results4.6. Budget Transparency4.7. Modern Financial Management Practices5.2. Budget 2017-186. Evolution of Budgeting6.1. The Line Item Budget6.2. Performance Budgeting6.3. Outcome budgeting6.4. Zero-based Budgeting6.5. Gender Budgeting6.6. E-Budgeting7. GS Mains Test Series Questions1. What do you mean by gender budgeting? Examine the rationale and achievements of gender budgeting in India.Answer:2. What are the reasons behind a low tax base in India? Discuss the issues associated with it and the steps required to widen the tax base.Answer:A low tax collection adversely affects the economy in several ways :Way forwardBenefits of Outcome based BudgetingOutcome Budgeting in India:Way Forward8. Previous Years UPSC Mains QuestionsContents1. Definition of Inflation2. Types of Inflation (on the basis of rate of inflation)3. Types of Inflation (based on causes)4. Associated Terms5. Causes of Inflationb) Cost- Push Factors:c) Miscellaneous Factors:6. Impact of Inflation7. Measures to Curb Inflation and their Limitationsa) Monetary MeasuresLimitations of Monetary Measures in curbing inflation:b) Fiscal Measuresc) Administrative Measures:8. Measures of Inflation8.1. Inflation measurement based on period8.2. GDP Deflator8.3. Wholesale Price Index (WPI)8.4. Consumer Price Index (CPI)8.5. Services Price Index (SPI)8.6. Likely effect of GST on inflation rates9. Recent Policy Measures to control inflation9.1. Advantages of Monetary Policy Committee9.2. Apprehensions against Monetary Policy Committee10. GS Mains Test Series Questions1. What do you understand by inflation? Critically evaluate the growth-inflation trade- off.Answer:2. What is inflation targeting? Describe the major recommendations of the Urjit Patel Committee for it.Answer:11. Previous Year UPSC GS Mains QuestionsEXTERNAL SECTOR AND CURRENCY EXCHANGE RATESContents1. Importance of External Sector – Why Imports and Exports Matter2. Types of Economies- Closed/Inward and Open/Outward3. Balance of Payments3.1. Components of Balance of Payments3.2. Balance of Payments Disequilibrium3.3. Indian Balance of Payments Crisis (1991)4. Opening of Indian Economy- Neo Liberal Economic Reforms 1991 ♤ The objective was to abandon the legacy of License Raj, introduce Indian economy to markets and private sector, reduce restrictions and introduce Foreign Direct Investment.o Reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment.4.2. Criticism of Neo-Liberal Economic Reforms / Is the Neo- Liberal Policy of 1991 Sustainable?5. Currency Exchange Rate5.1. Real Exchange Rate6. Exchange Rate System – Fixed and Flexible Exchange Rate7. Currency Exchange Rates – Conceptsa. Depreciation, Appreciation and Devaluation of Rupee ♤ Devaluation:fixed exchange rate system.b. NEER and REERc. Role of RBI in maintaining stability of rupee8. Indian External Debta. External Commercial Borrowingb. Sovereign Bondsc. India’s External Debt Scenariod. Impact of BREXIT on India’s External Debte. India’s foreign exchange reserves and comparison with other countries9. Miscellaneous9.1. New Model Indian Bilateral Investment Treaty9.2. Indian Foreign Trade Policy (FTP) 2015 -20209.3. Relevance of WTO in Present Day Order9.4. Important International Trade Agreements and Relevant Regional Global Significant for India9.5. East Asian Crisis 19979.6. Recession of 2008 and India9.7. Various Duties9.8. Masala Bonds9.9. Trade Deficit in India9.10. Foreign Direct Investment, FII, FPI9.11. Gaps Between MoUs and FDI9.12. Reforms in FDI9.14. FDI in Retail – Case in point10. Previous Years GS Mains Questions1. Examine the causes of rupee depreciation and its impact on the Indian economy. Also discuss the steps taken by the Government and RBI to stem its slide.Answer:Impact of rupee depreciation:Steps taken up by RBI and Government: ♤ Related IssuesBenefits of the amendments:11. Previous Years UPSC Mains QuestionsContents1. Introduction2. Development Planning2.1. Nature and Objectives of Planning2.2. The Nehru-Mahalanobis Development Strategy2.3. Agrarian Reconstruction2.4. Role of the State2.5. Analysis3. Economic Crisis – 1960s3.1. Shifts from Early Development Strategy4. Economic Crisis – Early 1990s5. Need for Economic Reforms5.1. Weaknesses of the Pre-1991 Policies5.2. Major Foreign Exchange Crisis5.3. Conditionalities Imposed by IMF and World Bank5.4. Fall of USSR (Union of Soviet Socialist Republics)6. Economic Reformsa) Macroeconomic stabilization measuresb) Structural Reform Measures7. Liberalisation, Privatisation and Globalisation7.1. Policy of Liberalisation of Indian Economy7.2. The Policy of Privatisation7.3. Policy of Globalisation8. Effect of Reforms on Indian Economy9. Assessment of Reforms10. Previous Years GS Mains Questions1. "Public debates in India often reflect either an uncritical faith in market (market mania) or a blind opposition to it (market phobia). However, there is a deep complementarity between market efficiency and state action.” Comment on theAnswer:2. How has the process of liberalization, which has otherwise led to high economic growth, affected the employment rate and the nature of employment in India?Answer:3. Dismantling of administered price mechanism for fuels is being deemed as a significant piece of economic reform. Analyse. Also, discuss how the recently introduced dynamic fuel pricing can prove to be beneficial for both the OMCs as well as consumers.Answer:Its benefits for consumersSteps taken by India to improve its EODB Index ranking on the 10 parameters:Utility of EODB ranking and entrepreneurial environment in India11. Previous Years UPSC Mains QuestionsINDUSTRIAL POLICY: CHANGES AND THEIR EFFECTS ON INDUSTRIAL GROWTHContents1. Introduction2. Evolution of Indian Industry2.1. The Pre-Reform Regime2.2. Beginning of Reforms in the 1980s2.3. New Industrial Policy, 19913. Initiatives Taken by the Government for Industrial Development3.1. Disinvestment3.2. Ease of Doing Business in India3.3. E- Biz Project3.4. Make in India Initiative3.5. National Manufacturing Policy, 20113.6. Delhi-Mumbai Industrial Corridor (DMIC)3.7. Steps Taken for Promotion and Development of MSMEs4. Previous Years GS Mains Questions1. Indian manufacturing is lagging in the face of stiff competition from other developing economies in Asia and elsewhere, both in domestic as well as global markets. What are the main reasons that can be attributed for this scenario? Suggest few remedies for the same.Answer:2. “There is a myth that small firms create the most jobs in an economy. The fact is that small firms that grow big create the jobs". In context of the Indian economy what are the factors that prevent firms that start small from growing bigger. What progress has India made in this respect and what other measures are required?Answer:3. While India has made great strides in removing the barriers to the entry of firms, talent and technology, less progress has been made in relation to exit. In this context, discuss the causes of and costs associated with impeded exit in India.Answer:Causes of impeded exit in India:MSME related schemes and impact on Make in India: ♤ Providing more credit to MSME sector, especially in the rural areas ♤ Promoting entrepreneurship ♤ Quality upgradation for world class competitiveness and leveraging technology ♤ Ensuring Ease of Doing Businesso Reform in labor laws.5. Previous Years UPSC Mains QuestionsLAND REFORMS IN INDIAContents1. Introduction2. Need for Land Reforms in India3. Objectives of Land Reforms in India4. Historical Background5. Land Reforms in India5.1. Legal Framework for Land Reforms5.2. Measures undertaken for Land Reforms6. Land Acquisition in India6.1. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 20136.2. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment) Bill, 20157. Analysis of Land Reform Measures8. Future of Land Reforms9. Suggestions for the Future10. Previous Years GS Mains Questions1. The most appropriate way to counter the ills in the practice of tenancy in rural India is to legalise it. Discuss.Answer:2. The scope of Land reforms needs to be widened beyond the mere activity of redistribution of land and fixing land ceilings to a systemic restructuring that undertakes reforms in the sector of energy and water. Discuss.Answer:3. "Contract farming with the government playing facilitator and umpire can be beneficial to farmers". In this context, critically analyse the scope and utility of contract farming in India.Answer:4. Highlight the role of institutional farm credit mechanisms in facilitating the process of land reforms in India. How can cooperative societies bring a faster change in this respect?Answer:5. Explaining the rationale behind ceiling on agricultural land holdings, discuss whether land ceiling has stifled agricultural growth in India.Answer: ♤ Arguements in Favour: ♤ Arguements Against:Implementation of land reformsAchievementsAnswer:Need for tenancy reforms:Roadblocks in the wayExpected benefits after tenancy reforms:11. Previous Years UPSC Mains QuestionsContents 1. Introduction2. Relation between Infrastructure & Economic Development3. Roads and Road Transport4. Railways5. Civil Aviation6. Ports and Shipping7. Energy8. Power9. Renewable Energy10. Telecommunications11. Kelkar Committee Report: Revisiting & Revitalizing the PPP Model of Infrastructure Development12. Previous Years GS Mains Questions13. Previous Years UPSC Mains QuestionsINVESTMENT MODELSContents1. Models Used in the Planning Process1.1. Harrod – Domar Growth Model1.2. Mahalanobis Strategy of Economic Growth1.3. Planning Model Adopted in India2. Infrastructure Investment Models2.1. Financing of Infrastructure: Need, Issue and Challenges2.2. Issues in Infrastructure Financing2.3. Measures Taken by the Government2.4. Public-Private Partnership (PPP) in Infrastructure2.5. EPC MODEL2.6. Swiss Challenge Model2.7. Hybrid Annuity Model3. Models of Foreign Investment3.1. Why the Need for Foreign investment?3.2. Forms of Foreign Investment3.3. Foreign Direct Investment3.4. Foreign Institutional Investors3.5. Recent Initiatives to promote Foreign Investment4. Previous Years GS Mains Questions1. What is National Investment Fund? Discuss its salient features and changes incorporated in its recent restructuring.Answer:Restructuring:How can 3P India address these challenges?How Hybrid Annuity Model will revive private participation in large infrastructure projects:Issues in Infrastructure FinancingSteps taken by the Government5. Previous Years UPSC Mains QuestionsAGRICULTURAL SUBSIDIES AND MINIMUM SUPPORT PRICEContents1. Introduction2. Agriculture Subsidies2.1. Types of Agriculture Subsidies in India2.2. Agriculture Subsidies on the basis of Mode of Payment2.3. Issues related to Agriculture Subsidies and their Possible Resolution2.4. Agriculture Subsidies and WTO3. Agriculture Pricing Policies3.1. Minimum Support Price4. GS Mains Test Series Questions1. The imbalance between subsidy expenditure and expenditure on public investment in agriculture call for a long-term strategic re-orientation. Analyse.Answer:2. Highlight the strengths and weaknesses of the current MSP regime. What are the changes required to strengthen it and help it achieve its stated policy objectives?Answer:3. With reference to Bali decision clearly stating that Peace clause under Agreement on Agriculture (AoA) would remain in force, until permanent solution is found, can we say that India was at least partially successful in placing ‘Food Security Box’ and ‘Development Box’ alongside ‘Green Box’? Analyze. Also, suggest some remedies to counter the adverse effects of huge Green Box subsidies offered by developed nations to their farmers.Answer:4. Agricultural subsidies are hotly contested at the WTO negotiations. What are the concerns of developing countries, especially India, vis-a-vis the attitude of developed countries on the issue? What is Special Safeguard Mechanism (SSM)? In this context, what are the reasons underlying India’s keenness on a permanent solution on public stockholding for food security?Answer:5. Excess subsidies are doubly detrimental to Indian agriculture; on one side they cause market distortion and a burden on national exchequer; on the other, they lead to environmental degradation. It is also true that Indian agriculture can’t sustain without the subsidies. Subsidies are a kind of imbroglio. Analyze.Answer:Reasons against the subsidies in agriculture5. Past Year UPSC QuestionsPUBLIC DISTRIBUTION SYSTEM, BUFFER STOCKS AND FOOD SECURITYContents1. Public Distribution System in India1.1. Objectives1.2. Evolution and Functioning of PDS1.3. Limitations of PDS In India1.4. Targeted Public Distribution System1.5. Recent PDS Reforms1.6. Revamping of PDS1.7. Alternatives to PDS1.8. Universal vs. Targeted Debate1.9. Food Corporation of India (FCI)2. Buffer Stocks2.1. Introduction2.2. Buffer Stock Policy of India2.3. Critical Evaluation of Buffer Stocks in India3. Food Security3.1. Introduction3.2. Qualitative and Quantitative Dimensions of Food Security3.4. National Food Security Act, 20133.5. WTO and Food Security5. Previous Year UPSC QuestionsECONOMICS FOR ANIMAL REARINGContents1. Introduction2. Different Categories of Animals3. Role of Livestock in Indian Economy4. Present Status of Animal Rearing in IndiaProduction Figures5. Challenges faced by Animal Husbandry Sector6. Government Initiatives to Overcome the ChallengesBlue Revolution6.2. National Livestock Mission6.3. National Mission on Bovine Productivity (NMBP)6.4. National Program for Bovine Breeding and Dairy Development (NPBB&DD)6.5. Dairy Entrepreneurship Development Scheme6.6. National Dairy Plan6.7. National Mission on Protein Supplement7. Pink Revolution ♤ Cost of production of meat is much lower in India. Also, India is geographically well placed in terms of export to the consuming nations8. Fisheries8.1. Challenges Faced by the Fisheries Sector8.2. Blue Revolution– Neel Kranti Mission8.3. National Policy on Marine Fishery, 20179. Operation FloodSuccessCriticism10. Need of a Second White Revolution to Overcome Supply Side & Demand Side ChallengesSupply-Side Challenges:Demand-Side Challenges:11. Previous Year GS Mains Test Series Questions1. Animal rearing is a key livelihood and risk mitigation strategy for tribals and small and marginal farmers, particularly across the rainfed regions of India. Substantiate. Also, discuss some strategies to realize the potential of this sector.Answer:2. In spite of having the world’s largest livestock population in India, the potential of animal rearing remains underutilized. In this context, discuss the challenges faced by the meat and poultry sector and suggest measures for accelerated and sustained growth for this sector.Way ForwardDairy Sector:Way Forward:Meat and Poultry Sector:The Way Forward:Nutrition: Fodder and FeedChallenges:The Way Forward:Livestock Health:Challenges:The Way Forward:Fisheries Sector:Challenges:The Way Forward:TECHNOLOGY MISSIONSContents1. Introduction2. Mission for Integrated Development of Horticulture (MIDH)The restructured NBM strives:3. National Mission on Agriculture Extension and Technology (NMAET)1. Sub Mission on Agriculture Extension (SMAE):2. Sub Mission on Seed and Planting Material (SMSP):4. National Mission on Oilseeds and Oil Palm (NMOOP)5. National Saffron Mission ♤ Saffron Mission comes under the umbrella of Rashtriya Krishi Vikas Yojana (RKVY) now.7. Technology Mission on Coconut8. Technology Mission on Oilseeds, Pulses and Maize (TMOP)9. Jute Technology Mission10. Technology Mission on Cotton (TMC)11. Sugar Technology Mission12. National Mission on Bio Diesel ♤ The target of 20% bio fuel blending has been set to be achieved by 2017 which is yet to be achieved. ♤ This scheme was delinked from Central Government support in 2015 after 14th Finance Commission devolved more funds to States.14. National Food Security Mission ♤ In NFSM during 2016-17, new initiatives to enhance production and productivity has been adopted such as free of cost distribution of seed mini kits of newer varieties of pulses, creation of seed hubs, bio fertilisers and bio agent labs, technological demonstration by KVKs etc.15. National Mission on Medicinal Plants16. National Mission on Micro-Irrigation ♤ The same is now implemented as “Per Drop More Crop” component under PMKSY from18. Green Revolution – Krishonnati Yojana19. Previous Year GS Mains Test Series Questions1. Enumerate some of the technology missions launched by Government of India and assess their impact on Indian Agriculture. What are the aims and objectives of National Mission on Agricultural Extension and Technology (NMAET)?2014-4262. Explain the role of agricultural extension in boosting agricultural productivity. Also, discuss in brief the importance of National Mission on Agricultural Extension & Technology.Answer:MAJOR CROPS & CROPPING PATTERNContents1. Cropping Pattern1.1. Cropping Systems1.3. Factors Affecting the Cropping Pattern2. Major Crops in India3.1. Evolution3.2. Categories of Crops in India3.3. Cropping Patterns in India3.4. Major Agricultural Regions or Zones of India4. Previous Years GS Mains Questions1. India has seen significant progress towards increasing production, yield levels and crop diversification in last three decades. Still, the agricultural productivity in India is among the lowest in the world. In this context, analyse the reasons for low productivity and suggest some measures to improve the same.Answer:2. Food grain constitutes 64 percent of the gross cropped area (GCA), although it accounts for less than 25 percent of the total value of output of agriculture and allied activities. Give reasons for this existing imbalance in the current cropping pattern of food grains in India and steps needed to correct such an imbalance.Answer:Reasons of imbalance in Crop Pattern:Various steps taken by government ♤ Economic Factors:Problems with current cropping pattern:1. Physical factors2. Soil type3. Irrigation facilities4. Availability of Inputs5. Government Policies6. Economic and behavioral motivation7. Institutional factors8. Yield (tonnes/ha.) of a crop5. Previous Years UPSC Mains QuestionsDIFFERENT TYPES OF IRRIGATION AND IRRIGATION SYSTEM STORAGEContents1. Introduction2. Need for Irrigation3. Different Types of Irrigation System3.1. Irrigation System Based on Source3.2. Different Types of Irrigation Systems Based on Delivery Technique4. Classification of Irrigation Projects/SchemesThe major and medium irrigation projects are further classified as:5. Some Types of Storage Irrigation Systems1. Dams2. Spillways and energy dissipators3. Sluices and outlets6. Some Schemes Related with Irrigation Systems6.1. Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)6.2. Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM)7. Related Terms8. Previous Years GS Mains Questions1. Evaluate the type of irrigation systems in India and related problems due to faulty practices? Suggest a road map to improve the situation.Answer:2. What are various types of irrigation systems in India? Explain the benefits of micro- irrigation over the conventional irrigation systems. Also discuss the bottlenecks in the adoption of this technology.Answer:Benefits of micro irrigation systemsBottlenecks in adoptionWay Forward9. Previous Years UPSC Mains QuestionsContents1. Food Processing IndustryWhat is Processed FoodItems under the purview of Food Processing Industries in India*NIC – National Industries ClassificationSignificance of LinkagesExisting Challenges in Establishing Robust Linkages4. Scope and Significance of the Food Processing Sector in India5. Potential of Processed Food Sector in India6. Factors Responsible for Success of Food Processing Sector in India ♤ Integrated Supply Chain and Scale of Operations ♤ Processing Technology ♤ Increasing Penetration in Domestic Markets ♤ Competitive Pricing ♤ Brand Competitiveness ♤ Product Innovation7. India’s Strengths in the Food Processing Sector8. A Brief SWOT Analysis of the Food Processing Industry in India9.1. Food Safety and Standard Act, 20069.2. Infrastructure Development in the Food Processing Sector9.3. Challenges that still remain despite Government Initiatives10. Suggestions and Way ForwardPolicy initiatives to plug supply side and infrastructure bottlenecksStreamlining the regulatory structureChange in mindset - Orienting stakeholders towards ‘demand and profit driven production'11. Previous Year GS Mains Test Series Questions1. “Despite continuous efforts and initiatives of the Government to provide the required stimulus to the food processing sector, processing activity is still at a nascent stage in India with low penetration”. In the above context, examine the challenges ailing the food processing sector in India.Answer:2. Explain the backward and forward linkages across the supply chain in the Food Processing Sector. Also discuss their importance in ensuring the success of Supply Chain Management in the Food Processing Industry of India.Answer:3. Food processing industry needs a fillip in the form of better logistics, access to credit, technology indigenisation and implementation of food safety laws. Discuss.Answer:Access to creditTechnology IndigenisationImplementation of Food Safety LawsImpediments faced by Food Processing industry ♤ Supply side bottlenecks: ♤ Infrastructure bottlenecks: ♤ Deficiencies in the regulatory environment:The National Mission on Food ProcessingE-TECHNOLOGY IN THE AID OF FARMERSContents1. Introduction2. How can e-technology benefit farmerslocal language.3. Drivers of E-technology in Agriculture4. Schemes Related to E-technology to Aid Farmers4.1. National e-Governance Plan in Agriculture (NeGP-A)4.2. Information Technology Vision 20204.3. Kisaan SMS Portal4.4. Agrimarket App4.5. Crop Insurance Mobile App4.6. e-NAM4.7. Seednet4.8. DACNET4.9. AGMARKNET4.10. Kisan Call Centres (KCC)4.11. AGRISNET4.12. Green SIM4.13. Facebook for Farmers and Extension Workers4.14. E-choupal4.15. SasyaSree4.16. mkrishi4.17. Weather based Information regarding natural calamities disseminated to farmers under different programmes.5. Challenges in E-agriculture6. Way ForwardEnhancing Rural AccessEducation and Generating AwarenessMarket chainsResearch and Innovation7. Miscellaneous7.1. Digital India Program8. Previous Years GS Mains Questions1. Information Technology has a huge role to play in making agriculture a sustainable activity even for smallholder farmers by providing them with necessary information at every stage of farming at the right time. Discuss.2. E-technology has a crucial role in increasing the productivity of agriculture and allied activities in India. Explain. Bring out the major constraints in utilizing e-technology in the Indian agricultural sector.Answer:3. Information and Communications Technology (ICT) has the potential to revitalise the agriculture sector in India. Discuss the initiative taken by the government in this regard along with highlighting the bottlenecks in its implementation. What measures are required to remove these bottlenecks?Answer:Problems faced by the sector:9. Previous Years UPSC Mains QuestionsINDIAN ECONOMY AND ISSUES RELATING TO MOBILIZATION OF RESOURCESContents1. Introduction2. Sources of Financial Resources of Government3. Transfer of Resources from Center to StatesRecent Changes Impacting Transfer of Resources4. Issues in Mobilization of Resources ♤ Widespread income tax evasion as evident by the fact that only 1.7% of the population paid income tax in 2015.-16.5. Steps taken by the Government5.1. Suggestions to Improve Mobilization of Resources6. Panchayat’s Finance6.1. Suggestions to Increase Revenue of Panchayats7. Urban Local Bodies’ Finances7.1. Suggestions to Increase Revenue of Urban Local Bodies8. Previous Years GS Mains Questions1. Explain the role played by banks for mobilization of resources in India. Approach:Answer:2. In recent years, savings rate in the Indian economy has witnessed a consistent decline. What are the factors responsible for this trend? How has the composition of savings changed in the last few years? Suggest measures to improve and better channelize household savings.Answer:3. What do you understand by Green Finance? Explain its importance and discuss the issues related to use of Green Finance in the context of India.Answer:4. As the recently released data shows, a narrow tax base remains a major concern in India. What are the possible reasons for such a scenario? In this context, also examine the government efforts to address the issue.Answer:Reasons:9. Previous Years UPSC Mains QuestionsSTORAGE TRANSPORT AND MARKETING OF AGRICULTURAL PRODUCE AND ISSUES AND RELATED CONSTRAINTSContents1. Storage and Warehousing1.1. Types of Storages1.2. Improved Grain Storage Structures1.3. Warehousing1.4. Cold Storage1.5. National Policy on Handling, Storage and Transportation of Foodgrains1.6. Integrated Cold Chain Availability Platform1.7. Issues with Storage1.8. Way Forward2. Transport2.1. Procurement and Distribution of Foodgrains3. Agriculture Marketing3.1. Significance of Agriculture Marketing3.2. Structure of Agricultural Marketing in India3.3. Regulation of Agricultural Marketing3.4. Agricultural Produce Marketing Committee (APMC)3.5. Model APMC Act, 20033.6. Model Agricultural Produce and Livestock Marketing (Promotion & Facilitation) Act, 20173.7. Problems facing Agriculture Marketing in India3.8. Recent Government Measures to improve Agricultural Marketing in India4. Way ForwardV. Take fruits and vegetables out of APMC Act.5. Miscellaneous Topics5.1. National Agriculture Market (NAM)5.2. Contract Farming5.3. Agricultural Price Policy6. Previous Years GS Mains Questions1. “Transportation plays an important role in agricultural efficiency and production”.2. One of the principal aims of improving agricultural marketing is to make agriculture more viable for the small farmers in India. In the above context, comment on the strengths and weaknesses of Cooperative and Contract farming in India.Answer:3. Reviving the Farm Income Insurance Scheme could be the best tool for marginal farmers to fight falling prices of agricultural products in an increasingly globalized marketplace. Explain.Answer:4. Most rural poor are excluded from the ambit of the formal financial system, which raises their dependence on informal sources as well as exposure to financial distress. In this context, explain why formal sector lending, especially to farmers, is so limited. Also suggest some steps that need to be taken to increase access to formal credit in rural areas.2016-2-763Answer:Reasons for limited formal nature of credit to farmers ♤ A part of credit under priority lending and interest subvention scheme being diverted to agribusiness, input dealers etc.Steps required to be takenReasons for the low per capita availability ♤ Rationalising buffer stocks7. Previous Years UPSC Mains Questions1. What is Inclusive Growth?According to OECD ‘Inclusive growth is an economic growth that “creates opportunity for all segments of the population and distributes the dividends of increased prosperity, both in monetary and non-monetary terms, fairly across society”.2. Dimensions of Inclusive Growth4. What are the Challenges to Inclusive Growth?5. Potential for Inclusive Growth in India6. Agriculture and Inclusive Growtho Soil Health Card (SHC) scheme7. Measures for Inclusive Growtho Mahatma Gandhi National Rural Employment Guarantee Act Scheme (MGNREGA)o Pradhan Mantri Suraksha Bima Yojana (Accident Insurance)At 70, what India needs to do next is clear: democratize productivity through inclusive growth to finally reach its full economic potential.1. Global Overview of Financial InclusionFew steps towards Financial Inclusion:Global Financial Inclusion numbers:Global commitment to financial inclusion:Countries that have achieved the most progress toward financial inclusion have:2. Financial Inclusion in IndiaFinancial ExclusionThe Global Findex Report: Financial Inclusion in IndiaSignificance of Financial InclusionHousehold Access to Financial ServicesProgress of Financial Inclusion in IndiaRBI Annual Report: 2016-17Approaches to Financial Inclusion in IndiaApproaches to Financial Inclusion in India ♤ Bank led approach: ♤ Regulatory Approach: ♤ Technology Based Approach: ♤ Knowledge Based Approach:Financial Tripod4. Pradhan Mantri Jan Dhan Yojana (PMJDY)What is this?SignificanceAchievements ♤ Helped banking sector ♤ Helped in inclusive growthChallengesWay forward5. Financial Inclusion through Digital PaymentGlobal Findex Report, 2018: India’s performance in Financial Inclusion7. Way Forward: Achieving True Financial InclusionUNEMPLOYMENTContents1. Work and EmploymentDefinition of ‘formal’ workerOrganized versus UnorganizedAdvantages of formalizationDownsides of formalizationHow should we go about it?2. UnemploymentThe case of Jobless growthImproving Employment Data3. Relationship between Unemployment and Inflation Rate4. Potential Sectors for Employment GenerationPOVERTY & INEQUALITYContents1. PovertyOther Ways of Categorizing the Poor-Poverty Estimation in Pre-independent IndiaPoverty Estimation in Independent IndiaAbout Multidimensional Poverty IndexIndia specific Findingso India’s MPI value reduced from 0.283 in 2005-06 to 0.123 in 2015-16.Limitations of MPIEconomic ReasonsHistorical ReasonsSocial ReasonsGovernment PoliciesMiscellaneous ReasonsMajor areas of concern which prevent successful implementation of these programs are-1.9.1. Nobel Prize in Economics2. InequalityA. Gini Coefficient/ Gini IndexShortcomings of Gini CoefficientsB. Atkinson’s inequality measure (or Atkinson’s index)C. Hoover index (also known as the Robin Hood index, Schutz index or Pietra ratio)D. Theil index and General Entropy (GE) measuresA. Decile dispersion ratio (or inter-decile ratio)B. Palma RatioC. 20/20 Ratioinequality existing in India-Inequality in World2.6.1. Inequality and Economic Growth2.6.2. Inequality and Poverty3. Previous Years UPSC Mains Questions4. Previous Years GS Mains Questions1. The idea of Universal Basic income has gained appeal in recent months. Enumerating the challenges in its implementation, discuss whether it can be a potent tool to reduce leakages in the system and address inequality in the economy.Answer:Challenges in its implementationImpact of economic reform on poverty:Issues with poverty measurementWay forwardShortcomings:Shortcomings:Steps to make programs more effective: ♤ The declining share of small loans (less than 2 lakh).Reasons for limited formal nature of credit to farmerscould also be due to rising costs of cultivation, inflationary pressures, and more people moving out of farming ♤ A part of credit under priority lending and interest subvention scheme being diverted to agribusiness, input dealers etc.Steps required to be takenAdvantagesRole of JAMChallenges in implementationFirst mileMiddle mileLast mileWay forwardFinancial Inclusion and Inclusive growthChallenges in achieving Financial InclusionBusiness correspondent Model:Bank led Model:Economic Growth and Income Inequality:Examining steps taken by India to reduce Income inequality:CAPITAL MARKETContents1. Introduction2. Capital Markets vis-a-vis Commercial Banks3. Characteristics of Capital Markets4. Significance of Capital Markets5. Capital Market Participants6. Capital Market Instruments7. Indian Capital Market8. SEBI and Regulations of the Capital Market9. Challenges in Regulation of Capital Market10. Performance of Indian Capital Markets – Recent Scenario11. Outlook For 201912. Way Forward13. Miscellaneous13.1.1. Bombay Stock Exchange (BSE)13.1.2. National Stock Exchange (NSE)13.1.3. The Over The Counter Exchange of India (OTCEI)13.1.4. Regional Stock Exchanges14. Depository ReceiptConceptSignificanceWorking of Depository Receipts (DRs)TypesExampleBenefits of IDRs15. DerivativesTypes of derivativesCommodity exchangeDifference between Commodity and Financial derivatives16. Mutual Funds (MFs)ConceptBenefits of investing in Mutual FundsRisks involved in Mutual FundsNet Asset Value (NAV)Types of Mutual Funds17. Exchange Traded Fund (ETF)ConceptImportanceStructureDisadvantagesBharat 22 ETF18. Corporate BondsConceptValuation of Corporate Bonds19. Commercial PapersConceptReason for introductionDenominations and maturity periodTypes of investorsRating requirements20. Participatory-NotesConceptWorkingPros and cons of P-notesP-note regulation in IndiaExample21. Previous Years GS Mains Questions1. The National Spot Exchange Ltd. crisis has been in news recently. Discuss the crisis, its causes and suggest a way forward.Answer:2. What are Offshore Rupee Bonds? Giving examples, discuss their benefits with regards to mobilisation of resources for domestic sector. Also, comment on their role in internationalisation of Indian Rupee.FINANCIAL INSTITUTIONSContents1. World Trade Organisation (WTO)1. Trade without discrimination1.5.1. General Agreements on Trade in Services (GATS)1.5.2. TRIPS1.5.3. TRIMS1.5.4. Agreement on agriculture1.5.5. Sanitary and Phytosanitary Measures Agreement or SPS1.5.6. The Technical Barriers to Trade Agreement (TBT)1.6.1. Uruguay Round1.6.2. Singapore ministerial meet1.6.3. Doha Ministerial Meet1.6.4. Bali Package1.6.5. Nairobi Ministerial Conference1.6.6. Bruno Aires conference2. IMF2.1.1. Purpose2.1.2. IMF Governance2.1.3. IMF Finances2.1.3.1. Multiple role of Quotas2.1.3.2. What are Special Drawing Rights (SDR)?2.1.3.3. 15th General Review of quotas2.1.3.4. How it lends?2.2.1. Achievement2.2.2. Criticism3. World Bank4. Previous Years GS Mains Questions1. According to a recent WTO agreement, Least Developed Countries need not comply with IPR protection for pharmaceutical patents till 2021. Explain how these countries can use this opportunity to promote access to drugs, vaccines and diagnostics?Answer:2. Even within the multilateral format of WTO the FTA route has served India well. Comment. How can India effectively deal with the challenges posed by the new mega regional agreements such as TPP?Answer:3. Agricultural subsidies are hotly contested at the WTO negotiations. What are the concerns of developing countries, especially India, vis-a-vis the attitude of developed countries on the issue? What is Special Safeguard Mechanism (SSM)? In this context, what are the reasons underlying India’s keenness on a permanent solution on public stockholding for food security?Answer: