ECONOMY by VIVEK SINGH Telegram Channel

This channel provides daily analysis of Economy news relevant for UPSC/RBI/SEBI/ NABARD etc.

For any feedback pls send msg on telegram @viveksingheconomy or mail to [email protected]

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👨🏻‍🎓 *Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir*

🗓 Start Date: *20th November, 2024*

📣 Early bird discount till *20th November*📣

*Course Features:*

✅ Covers both Static and Current Affairs.
✅ Economic Survey and Budget will be covered
✅ Includes Previous Years Questions

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* *Online Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI

* *Offline Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7

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Economy Module by Vivek Singh Course Details

👨🏻‍🎓Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir

🗓 Start Date: 20th November, 2024

📣 Early bird discount till 12th November📣

Course Features:

✅ Covers both Static and Current Affairs.
✅ Economic Survey and Budget will be covered
✅ Includes Previous Years Questions

👉 Payment Link:

* Online Mode: https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI

* Offline Mode: https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7

📍 For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
T&C apply*

Source: The Hindu
An article for general reading

Photo from Vivek Singh

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Source: The Hindu

MUDRA is mostly refinance scheme where Govt. provides funds to Banks/NBFCs and then they provide loans to Informal businesses without any collateral. But Govt. has set up a fund 'Credit Guarantee Fund for Micro Units' (CGFMU) which provides credit guarantee on these loans. Of course it will have a cost to Govt. but Govt. does this so that cost of credit remains cheap and accessible for the micro units.

There are three category of loans:

Shishu: < Rs. 50,000
Kishore: Rs. 50,000 < Rs. 5 lacs
Tarun: Rs. 5 lacs < Rs. 10 lacs

Now this Tarun category limit has been increased only for those who have already borrowed and repaid

Dear Students,

There is nothing much these days on current affairs in economy. So, focus on completing your static syllabus and keep on revising basic concepts. In economy, the focus of UPSC is also more on basic concepts. The present Government launched a lot of schemes and reforms in economy in the last 10 years since 2014. Now the focus is more on its execution, so you may not find new schemes/reforms much in future. So accordingly your focus should be on concepts, static things. Whenever something relevant comes in economy, I will keep on posting on this channel.

Regards
Vivek Singh

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👨🏻‍🎓 Join Polity & Governance Prelims Cum Mains Module for UPSC CSE 2025/26 by Saurabh Kumar Sir

🗓 Start Date: 14th November, 2024

📣 Early bird discount till 15th October 📣

Course Features:
✅ Covers both Static and Current Affairs.
✅ 8 Tests (4 Prelims + 4 Mains) Included
✅ Includes Previous Years Questions

👉 Payment Link:
* Online Mode: https://bit.ly/3zEgFUR
* Offline Mode: https://bit.ly/3zPgnua

📍 For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
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Source: Indian Express
Quite informative fact.

FY 2023-24 (Centre)
Tax to GDP Ratio: 11.7%
Direct Tax to GDP ratio: 6.6%
Indirect Tax to GDP ratio: 5.1%

Proportion of Direct : Indirect tax = 56.7: 43.3

[States tax to GDP ratio is approx. 5.5% of GDP]

FY 2024-25: (Provisional) Centre
Personal: Rs. 11.87 lakh crore
Corporate: Rs. 10.2 lakh crore
GST: Rs. 10.6 lakh crore
Other Indirect taxes (Customs, Excise...): Rs. 5.5 lakh crore

Our Personal income tax is progressive while Corporate income tax is proportional. But Indirect taxes (GST & others) are regressive. So, it is always a better policy that tax collection should be more from direct taxes (as compared to indirect taxes) which is exactly happening in the economy.

Tax Buoyance (% change in tax revenue/ % change in nominal GDP) has crossed 2 which is very good sign for the economy.

The above Economy Module (Pre cum Mains) Course will start on 11th Nov. and will be over by 31st Dec 2024. Classes will be from Monday to Saturday (5.00 to 7.30 pm). Its available in both Offline as well as Online (live). The other details will be provided soon.

👨🏻‍🎓Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir

🗓 Start Date: 11th November, 2024

📣Early bird discount till 20th October📣

Course Features:
✅ Covers both Static and Current Affairs.
✅ Economic Survey and Budget will be covered
✅ Includes Previous Years Questions

👉Payment Link:
* Online Mode: https://bit.ly/4eRXIwS
* Offline Mode: https://bit.ly/4gTqE9u

📍 For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
T&C apply*

National Mission on Edible Oils
Approved by Union Cabinet Yesterday. The Mission will be implemented over a seven-year period, from 2024-25 to 2030-31, with a financial outlay of Rs 10,103 crore. The mission focuses on

1. Enhancing the production of key primary oilseed crops such as Rapeseed-Mustard, Groundnut, Soybean, Sunflower, and Sesamum

2. Increasing collection and extraction efficiency from secondary sources like Cottonseed, Rice Bran, and Tree Borne Oils

3. Targets to increase domestic edible oil production to 25.45 million tonnes by 2030-31 meeting around 72% of our projected domestic requirement. This will be achieved by promoting adoption of high-yielding high oil content seed varieties, extending cultivation into rice fallow areas, and promoting intercropping.

4. Over 600 Value Chain Clusters will be developed across 347 unique districts which will be managed by value chain partners such as FPOs, cooperatives, and public or private entities

5. The Mission will harness ongoing development of high-quality seeds by using cutting-edge global technologies such as genome editing.

6. The Mission aims to significantly enhance domestic oilseed production, advancing the goal of Atmanirbharta (self-reliance) in edible oils, thereby reducing import dependency and conserving valuable foreign exchange while boosting farmers' incomes.

7. It will also accrue significant environmental benefits in the form of low water usage and improved soil health and making productive use of crop fallow areas.

Note: Presently the country is heavily reliant on imports which account for 57% of its domestic demand for edible oils.

Source: Indian Express

India has become a member of the Minerals Security Finance Network (MSFN) which involves 14 countries and European Union. MSFN is a US led initiative to strengthen cooperation among members to secure supply chain for critical minerals (cobalt, nickel, lithium and rare earth minerals) . This is required for our clean energy transition goals and electronics and semiconductor manufacturing because till now the supply chain of critical minerals are mostly located in China.

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