18 Editorial19 Indian Economy : A Few Facts : At A Glance29 Important Facts Related to Indian

Economy69 Nobel Prize Winners in Economics70 Appointments

Some Aspects of Indian Economy

71 Underdeveloped Country71 Salient Features of Indian Economy72 Important Infrastructural Components in

India73 Nature of Unemployment in India74 Woman Labour in India74 Human Development Report–201675 Employment in India75 Employment in Eight Key Sectors Estimated

at 285·22 Lakh76 34% Jump in Job Growth in 8 Years : Sixth

Economic Census 201376 New Poverty Line : 32 in Rural Areas, 47

in Urban Areas78 Poverty in India79 Universal Basic Income79 Task-force for Identification of Poor79 India’s Poverty Rate at 12·4% in 2011-12 :

World Bank’s Revised Poverty Line US $ 1·980 India Human Development Report 201181 Guidelines Changed for New BPL Census81 Concept of Hunger82 8.8 million Households Live in Urban Slums :

NSSO82 Multidimensional Poverty Index

Mineral Resources of India

83 Key Highlights of India’s Mineral Sector(2014-15)

85 The Mines and Minerals (Development andRegulation) Amendment Act, 2016

85 Commercial Sources of Energy86 Parliament Passed Coal Mines (Special Pro-

visions) Act, 201587 Non-conventional Sources of Energy87 NHDC to set-up 100 MW Wind Power Plant

88 India’s Fourth Rank in Wind Power in World88 Green Power Capacity Addition During 201788 ‘UDAY’ for Financial Turn around of Power Dis-

tribution Companies89 Ultra Mega Power Projects (UMPPs)

Forest Resources of India

90 States/UTs Wise Forest Cover

National Income of India92 Concepts of National Income93 First Advance Estimates of National Income,

2017-1896 Estimates of National Income in India

Population96 Population Touches 1·21 billion Level, but

Growth Rate Declines in Census 201197 Census 2011 : Some Facts99 Final Population Data 2011

100 Socio-Economic & Caste Census 2011102 Religion Based Census 2011103 Religionwise Child Sex-Ratio and Literacy

Rate : 2011105 National Commission on Population105 Population Policy 2000106 Janasankhya Sthirata Kosh (JSK)106 Occupational Classification106 UN Project 9·6 billion World Population by 2050106 Family Welfare107 National Family Health Survey-4 (2015-16)107 Probability of Death by NCDs High in India :

WHO

Agriculture

109 Acreage under Kharif and Rabi Crops110 Final Production Data 2015-16110 Mission 2022 : The Challenges of Doubling

Indian Farmers’ Incomes in Five Years111 Computation of Minimum Support Price for

Agriculture Crops111 Minimum Support Prices (MSP) and Bonus for

Kharif Crops of 2017-18 Season

Econ. / 6

112 Govt. Hikes Sugarcane FRP by 25/Q for2017-18

112 Food Management in India112 Food Subsidy113 National Food Grid Proposed for Easing

Prices, Cut Wastage113 Organic Farming113 Major Crops and their Seasons113 Horticulture114 Record Production of Horticulture Crops in

the Country During 2016-17 is Estimated tobe Around 300 million Tonnes

114 Plantation Sector115 Land Use115 Commercial Crops115 Land Reforms Programmes116 TRIFED116 NAFED116 ISOPOM116 Agriculture Marketing117 e-NAM : National Agriculture Market117 Agriculture Holdings117 New National Agricultural Policy117 Green Revolution in India118 Call for Evergreen Revolution118 Decentralized Procurement Scheme (DCP)118 Animal Husbandry & Dairy : Highlights118 Seed Bank118 White Revolution and Operation Flood in India119 Fisheries Sector119 National Livestock Mission (NLM)119 Yellow Revolution120 Use of Fertilizers120 Fertilizer Consumption120 Rainfed Agro-Ecologies120 Irrigation121 National Rainfed Area Authority (NRAA)121 New System of Irrigation Sprinkler/Drip

Irrigation121 Command Area Development & Water Man-

agement Programme (CADWMP)122 Agricultural Credit122 Agriculture Trade122 Agriculture Trade : WTO Agreements122 Flow of Agricultural Credit123 Interest Subvention Scheme for Crop Loans

2016123 Kisan Credit Card Scheme

Industry

124 New Industrial Policy125 IIP-Based Industrial Performance126 Base Year of Index of Industrial Production

Revised from 2004-05 to 2011-12126 Govt. Scraps MSME Exclusive Items List

126 Micro, Small and Medium Enterprise Deve-lopment Act, 2006

126 Gross Capital Formation in the IndustrialSector

127 Micro, Small & Medium Enterprises (PresentPerformance)

127 Various Schemes for Boosting MSMEs127 Government Changing Definiton of MSMEs

to be in sync with GST128 Agro & Rural Industries128 National Manufacturing Competitiveness

Programme128 Cotton and Textiles Industry129 Important Industries130 Special Package for Employment Generation

and Promotion of Exports in Textile and Ap-parel Sector

130 Iron and Steel Industry131 Sugar Industry131 Fertilizer Industry131 Cement Industry132 Jute Industry132 E-Tourist Visa Facility132 Coal Industry133 Sericulture and Silk Industry133 Petroleum Industry134 Govt. Unveils NELP-X134 India’s Crude Oil Refining Capacity135 Marketing and Distribution of Petroleum

Products135 Coal Bed Methane135 India Hydrocarbon Vision 2025136 Green Fuels136 More Power to Maharatna and Navratna

PSUs for Overseas Buyouts136 ‘Maharatna’ and ‘Navratna’ Companies137 Mini Ratna Scheme137 17 Sick Central PSUs Set to be Closed Down137 Highlights of Public Enterprise Survey

2015-16138 Committee on Public Undertakings138 Department of Disinvestment Renamed as

‘DIPAM’138 New Competition Act, 2013139 Competition Commission of India Becomes

Operational139 CCI’s Approval Required for Companies

Mergers and Acquisitions139 “Launch of GeM Samvaad : The GeM-Indus-

try Forum”140 National Labour Commission

Money and Banking

141 Different Stages of the Development ofIndian Banking

141 Reserve Bank of India

Econ. / 8

142 RBI Decides to Circulate ‘Plastic Notes’143 Demonetisation of 500 and 1000 Notes :

Surgical Strike on Black Money144 Govt. Starts Re-printing of Re. 1 Note from

January 1, 2015144 Composition of Banking System in India145 Quantitative and Qualitative Credit Control145 Selective Credit Control145 Highlights of Sixth bimonthly RBI Monetary

Policy146 Commercial Banks in India (April 1, 2017)146 SBI Launched India’s First Start-up Focussed

Bank Branch SBI Incube146 Govt. kicks off Banking Reforms, to Infuse

88,000 crore in PSU Banks by March 2018148 RBI’s New Bad Loan Rules for Loan Recov-

ery148 BASEL-III Became Effective w.e.f. January

2013149 RBI Replaces Base Rate System by MCLR

System149 “Pockets”—ICICI Bank’s Answer to Payment

Banks149 Top Public Sector Banks : A Financial Snap-

shot150 RBI’s Monetary Policy Committee Constituted150 Govt. Must Reduce Stake in Public Sector

Banks to Below 50% : Nayak CommitteeReport

151 RBI Gives in-principle Licence for 11 PaymentBanks

151 Chandrababu Naidu Committee’s Report onPromoting Digital Payment

151 RBI Grants in-principle Licence to 10 Entitiesfor Small Finance Bank

152 MUDRA Bank152 Pradhan Mantri Mudra Yojana (PMMY)

Crosses the Target of 1·8 lakh crore for2016-17

152 Salient Features of Banking Laws (Amend-ment) Act, 2012

153 RBI Releases Guidelines for ‘on tap’ Licens-ing of Universal Banks in the Private Sector

153 RBI Launches ‘Sachet’ Portal to Check Ille-gal Money Collection

154 RBI Issues Charter of Customer Rights154 ‘iWatch’ Banking154 Foreign Bank’s Operation in India155 Indian Banks Abroad155 Co-operative Banks155 District Central Co-operative Bank (DCCB)156 Regional Rural Banks156 Parliament Passed Regional Rural Banks

(Amendment) Bill, 2014156 SBI Launches ‘No Queue App’ for Custom-

ers157 Debt Recovery Tribunals157 Capital Adequacy Ratio Standards for Banks

and Non-banking Financial Institutions157 Damodaran Committee Submits Report on

Reforms in Banking Services158 Report of Financial Sector Legislative Reforms

Commission158 Capital Market158 MIBOR and MIBID Two New Reference Rates

of National Stock Exchange159 Two New Share Price Indices for Mumbai

Share Market159 Commodity Futures Market159 Commodity Exchanges of India160 Universal Commodity Exchange160 BSE Launches ‘Shariah Index’160 India’s First International Exchange-India INX-

at GIFT City in Gujarat161 Securities and Exchange Board of India

(SEBI)162 BSE Launches Index-based Circuit Breaker

System162 EPFO to Start Investing in Stock Markets162 Depository System in India163 Working Group’s Report on Development

Finance Institutions163 Small Industries Development Bank of India

(SIDBI)163 Industrial Investment Bank of India Ltd. (IIBIL)164 State Industrial Development Corporations

(SIDCs)164 National Equity Fund Scheme164 State Finance Corporations164 Unit Trust of India (UTI)164 Export-Import Bank of India (EXIM Bank)165 National Housing Bank (NHB)165 National Bank for Agriculture and Rural

Development (NABARD)166 India Infrastructure Finance Company Ltd.

(IIFCL)166 Rural Infrastructure Development Fund166 Establishment Years of Major Financial

Institutions in India166 Agriculture and Rural Development Banks167 Insurance Industry in India167 Reforms in Insurance Sector167 Insurance Penetration168 General Insurer’s Public Sector Association

of India (GIPSA)168 Agriculture Insurance Company of India

Limited (AICIL)168 Recommendations of Malhotra Committee for

Improving Insurance Sector170 Inflation170 Introduction of New Series of CPI (R + U)171 CPI Basket Weights Revised, Base Year

Changed from 2010 to 2012171 Producer Price Index171 Deflation

Econ. / 10

172 Money Stock Measures in India172 Cheap Money Policy and Dear Money Policy172 Inflation Indexed Bonds No Special Tax Sops

for Investors172 Inflation-Indexed Bonds (IIBs)

Development, Poverty Alleviation andEmployment Generation Programmesin India173 Pradhan Mantri Adarsh Gram Yojana173 Deendayal Antyodaya Yojana—NRLM174 Mahatma Gandhi National Rural Employment

Guarantee Scheme (MGNREGS)175 Wage Rates under MGNREGA Raised175 Indira Awas Yojana (IAY)175 Pradhan Mantri Gram Sadak Yojana

(PMGSY)176 Integrated Watershed Management Program-

me (IWMP)177 National Food Security Scheme-2013178 Swarna Jayanti Shahari Rozgar Yojana

(SJSRY)178 National Urban Livelihood Mission179 Antyodaya Anna Yojana (AAY)179 Annapurna Scheme179 Village Grain Bank Scheme

179 National Rural Health Mission (NRHM)179 Various Women–oriented Schemes of State

Governments

180 National Urban Health Mission (NUHM)180 Prime Minister’s Employment Generation

Programme (PMEGP)181 Rural Drinking Water181 National Social Assistance Programme181 Kasturba Gandhi Balika Vidyalaya (KGBV)181 Aam Admi Bima Yojana (AABY)182 Self-Employment Programme for the Urban

Poor (SEPUP)182 Jawaharlal Nehru National Urban Renewal

Mission (JNNURM)182 Indira Gandhi Matritva Sahyog Yojana

(IGMSY)182 Pratibha Kiran Yojana182 Rajeev Gandhi Scheme for Empowerment of

Adolescent Girls—SABLA183 Rajeev Gandhi Shramik KalyanYojana183 Members of Parliament Local Area Develop-

ment Scheme (MPLADS)183 Sarva Shiksha Abhiyan183 Mid-Day Meal Scheme for School Children184 Rashtriya Madhyamik Shiksha Abhiyan184 Rashtriya Uchchatar Shiksha Abhiyan184 The Unorganised Workers’ Social Security Act

2008185 Khadi and Village Industries Development

Scheme

Latest Schemes/Programmes of Cen-tral Government186 Schemes/Programmes Related with Banking

and Insurance

188 Schemes/Programmes Related with Agri-culture and Rural Development

192 Schemes/Programmes Related with Housingand Urban Development

194 Schemes/Programmes Related with Techno-logy, Education and Skill Development

197 Schemes for Education

198 Schemes/Programmes Related with Employ-ment and Poverty Alleviation

199 Schemes/Programmes Related with Healthand Sanitation

201 Schemes/Programmes Related with Electri-fication

203 Schemes/Programmes Related with Pilgrim-age and Tourism

204 Other Schemes/Programmes Launched byCentral Government

India in Global Indexes209 India Drops to 122 on World Happiness In-

dex, 2017

209 India Ranks 81st on Global Talent Competi-tiveness Index, 2018

209 Corruption—A Worldwide Phenomenon :Transparency International’s Report 2016

210 Global Wealth Report 2017211 India Ranks 9th Among 41 Countries in Cor-

ruption in Business : 2017 Survey211 India is Now the Second-Largest Internet

Market in the World211 India Ranks 143rd in Economic Freedom In-

dex, 2017

212 India Ranks 143 Among 188 Countries inHealth Study

212 India Jumps 19 Places in World Bank’s Glo-bal Logistics Performance Ranking in 2016

213 India Climbs to 9th Position on FDI Inflow List,US Retains Top Spot

213 Global Economic Prospects Report, 2017

214 Sustainable Development Goals Index,2017 : India Ranked 116th of 157 Countries

214 India Ranks 103rd on Global Human CapitalIndex, 2017 Ahead of Bangladesh andPakistan

215 India Ranked 7th in Business Optimism In-dex

215 Global Competitiveness Index 2017215 India at 8th Spot in m-Cap Rankings216 India’s 100th Rank in Doing Business Report,

2018

Econ. / 12

Econ. / 14

217 India Slipped 45 Points in Global HungerIndex-2017 Since 2014

217 India Falls 21 Places in Global Gender Equal-ity Report, Ranks 108 in 144-Nation List

218 Global Innovation Index 2017

218 India Secures Top Position in Global RetailDevelopment Index

218 India Ranks Second in EY Renewable List

219 73% Indians have Confidence in Modi Gov-ernment : Report

219 India Jumps 12 Spots in WEF’s Global Traveland Tourism Ranking 2017

219 India Slips to 45th Spot in IMD’s Competitive-ness List, 2017

219 India to Top Global Remittances Chart with $66 billion in 2017 : World Bank

220 India up One Place on Per Capita GDP Termsto 126, Qatar Tops the List : IMF Report

221 India Ranks 177 out of 180 in EnvironmentalPerformance Index, 2018

221 India Jumps to 8th Place on Global FDI Con-fidence Index

221 India’s 14th Rank in the Climate Change Per-formance Index (CCPI)

222 India Ranks 44 Out of 50 Nations in Global IPIndex, 2018

Policy Initiatives222 National Mineral Policy, 2008222 National Textile Policy, 2000223 National Manufacturing Policy, 2011223 New Telecom Policy 2012 Provides Nation-

wide Free Roaming223 National Mineral Exploration Policy 2016224 New Mining Policy, 2016225 National Capital Goods Policy 2016225 India’s Foreign Trade Policy 2015-20

226 Mid-Term Review of Foreign Trade Policy2015-20

227 New National Aviation Policy 2016

227 National Intellectual Property Rights Policy,2016

228 Comprehensive New Urea Policy, 2015

228 New National Steel Policy, 2017229 New Metro Rail Policy, 2017229 Strategic Partnership Model, 2017229 Public Procurement Policy, 2017 for Local

Goods230 Major Policy Initiatives for Increasing Share

of Renewable Energy in Total Installed Ca-pacity

230 New Public-Private Partnership Policy for Af-fordable Housing 2017

Foreign Trade and Balance of Pay-ments231 Volume of India’s Foreign Trade231 India’s Foreign Trade : (April-Dec. 2017-18)233 Composition of Trade233 Direction of Trade234 Agricultural Export Zones235 India’s Balance of Payments 2016-17

236 CAD More than Doubles to $ 7·2 billion in Q2of 2017-18

236 Textile Exports

236 India’s Electronics Market may Cross $ 400billion by 2020

237 Special Economic Zone Act, 2005237 SEZ Norms Liberalised (2013-14)237 Tarapore Committee’s Report on Full Con-

vertibility of Rupee238 200 SEZs Likely to be Exempt from 18·5%

MAT238 Export Development Centres238 Liberalisation of Foreign Investment Policy239 FDI Norms Liberalised239 ‘Invest India’ Constituted to Promote FDI240 India Allows FDI from Pakistan240 FIPB Abolished240 Government Relaxes FDI Norms for NRIs,

PIOs, OCIs240 FDI Rules Liberalized in Single-Brand, Civil

Aviation, Construction and Power Exchanges241 APEDA to Focus on Fruits and Vegetables241 International Trade in Agriculture and Allied

Services242 Foreign Exchange Reserves in India242 RBI Relaxes FEMA Norms for Individuals242 Foreign Exchange Management Act (FEMA)242 Money Laundering Prevention Act243 The Prevention of Money-Laundering

(Amendment) Act, 2012 Notified243 India’s External Debt Declines to US $ 471·9

Billion End-September 2017244 NEER and REER

Transport and Communications245 Railways246 Introduction of LHB Coaches246 Indian Railway Catering & Tourism Cor-

poration (IRCTC)247 Indian Transport Sector : An Overview247 Konkan Railway Plan247 India to Join Trans-Asian Rail Network248 Rail Tourism248 Gatimaan Express on the Track248 India’s Maharajas’ Express Among Top Rated

Trains Globally248 Wi-Fi Services at 100 Railway Stations

Econ. / 16

249 International North-South Transportation Cor-ridor (INSTC) for Better Indo-Russian Con-nectivity Inches Towards Reality

249 Rail Development Authority250 Bio-toilets in All Trains in 6 Years250 Mini Rail Budget : Action Plan for 2017-18250 Road Transport251 National Highway Development Project

(NHDP)252 Public Private Partnership in Road Projects252 Rural Roads252 New Rules for Greening National Highways252 ‘Bharatmala’ : A Mega Project of Highways

Development253 Setu Bharatam Programme253 New Number of National Highways253 Water Transport254 Maritime Agenda for the Decade 2010-20254 Private Sector Participation in Ports255 Satusamudram Ship Channel Project255 Sagarmala Project255 ‘Smart Port Cities’ : An Ambitious Plan of GoI255 Tamil Nadu to Get 4th Major Port255 Odisha to Develop a Port in Puri256 Satellite Cargo Ports Planned at Surat,

Wardha, Aurangabad256 National Waterways Bill 2015256 Air Transport257 Airport Infrastructure257 Government Approved 4500 crore Project

to Revive 50 Airports, Airstrips257 Construction of Greenfield Airports258 GAGAN Project258 Regional Air Connectivity Scheme (RCS)258 India’s First Hi-speed Rural Broadband Net-

work Commissioned259 Hyderabad, India’s First 1 Gbps-enabled City259 Sanchar Shakti259 USOF259 India is Now the Second-Largest Internet Mar-

ket in the World260 Audio Tax260 Voice Mail260 Mobiles Industry to Make 8·2% of GDP by

2020, from 6·5% Now261 RERA Effective from May 1, 2017261 Logistics Sector Granted Infrastructure Sta-

tus

Public Finance262 Financial Relations between Centre and

States263 Finance Commission263 Consolidated Funds of India and of the States263 Public Accounts of India and of the States263 Contingency Fund263 Fourteenth Finance Commission Recommen-

dations265 Fifteenth Finance Commission Constituted

266 Recommendations of Chelliah Committee onTax Reforms

266 Swachh Bharat Cess of 0·5% on TaxableServices

267 GST Rolled Out Finally268 National Anti-Profiteering Authority Set-up268 4-tier Tax Slab Under GST269 GST Council Fixes 4-Rate Structure270 Undisclosed Foreign Income and Assets (Im-

position of Tax) Bill, 2015 Introduced in LokSabha to Unearth Black Money

271 Govt. Set-up Four Task Forces for FinancialSector

271 State Level Reforms272 Economic Survey 2017-18286 Union Budget, 2018-19

Economic Planning in India295 History of Planning in India295 NITI Aayog Replaced Planning Commission296 First Five Year Plan296 Second Five Year Plan297 Third Five Year Plan297 Three Annual Plans297 Fourth Five Year Plan298 Fifth Five Year Plan298 Sixth Five Year Plan299 Seventh Five Year Plan299 Eighth Five Year Plan300 Ninth Five Year Plan301 Tenth Five Year Plan303 India Vision–2020303 Eleventh Plan (2007–12)304 Vision of 12th Five Year Plan (2012–17)305 India’s Ambitious 15-Year Vision Plan

Three Year Action Agenda of NITI Aayog306 Medium-term Revenue and Expenditure

Framework307 Economic Transformation in Major Sectors

Agriculture : Doubling Farmers’ Incomes307 Remunerative Prices for Farmers308 Raising Productivity308 Trade, Industry and Services Creating Well-

paid Jobs308 The Critical Rate of Exports308 Coastal Employment Zones (CEZs) in

2017-18309 Labour Law Reforms309 Food Processing310 Actions in Specific Services Sectors310 Financial Services310 Tourism, Culture and Soft Power310 Soft Power311 Real Estate311 Regional Development/Urban Development312 Coastal Regions and Islands313 Desert and Drought Prone Areas

Econ. / 17

314 Growth Enablers314 Social Sector

International Organisations

315 International Monetary Fund (IMF)316 International Bank for Reconstruction and

Development (IBRD)318 International Finance Corporation (IFC)318 International Development Association (IDA)318 Multilateral Investment Guarantee Agency319 International Centre for Settlement of Invest-

ment Disputes319 General Agreement on Tariffs and Trade (GATT)319 GATT Rounds319 Uruguay Round and Dunkel Proposals320 World Trade Organisation (WTO)321 Important International Organisations : A View321 United Nations Conference on Trade and

Development (UNCTAD)322 Asian Development Bank (ADB)322 Asian Infrastructure Investment Bank323 International Fund for Agricultural Development

(IFAD)323 SAARC Summit : When & Where ?323 South Asian Association for Regional Co-

operation (SAARC)323 South Asian Free Trade Area (SAFTA)324 ASEAN Summits324 Association of South-East Asian Nations

(ASEAN)324 Organisation of the Petroleum Exporting Coun-

tries (OPEC)325 The G-5 Summit325 G-8 (Formerly G-7)325 G-15326 G-20326 G-77326 Organisation for Economic Co-operation and

Development (OECD)326 European Economic Community (EEC) or

European Common Market (ECM)327 Brexit327 European Free Trade Association (EFTA)327 North American Free Trade Agreement

(NAFTA)327 Asia Pacific Economic Co-operation (APEC)327 Mercosur328 Indian Ocean Rim Association for Regional Co-

operation (IORARC)328 Food and Agriculture Organisation (FAO)328 BRICS Nations Agree to Trade in Own

Currencies329 Glossary340 Objective Questions

The concurrence of the views of the Editor is notnecessary for any matter or figure published in

Pratiyogita Darpan.