Chief economic advisor sits under this department and prepares economic survey. Latest economic survey was tabled on 29th January 2018. Ies, cea and Finance secretary ies : pm nehru created a new central service- indian economic service (IES) in 1961. Upsc annually recruits them among the post-graduates of Economics. Theyre put in various ministries and departments for better synchronization of budget, planning and policy. They also 1) maintain a webportal on Indian Economy- and 2) help cea in writing the Economic survey chief Economic Advisor to the government (CEA) is neither a constitutional nor a statutory post. His usual term is for three years. Arvind Subramanians term expired on 2017, september.resume
Administrative control over govt. Mints, currency and security Presses. Dept of Financial services associated with irdai pfrda. But sebi sat related administrative / legislative matters fall under dea. Small savings schemes interest rates. (rbi nahi, these people decide.). Formulating Budget for Union, Union Territories with legislature and States under Presidents rule. Budget was tabled on 1 February 2018.
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Following list gives FinMins departments and mcq-worthy tasks / people associated with them: monster 1) dipam (Investment public Asset Mgmt). Government selling away its shares / ownership of public sector companies to private entities for 1) raising money 2) improving managerial efficiency. 2) Department of Expenditure, controller General of Accounts sits here. Implementing the recommendations of Finance commission and pay commission. National Institute of financial management, faridabad. 3) Department of Financial Services-, finance services means banking, insurance, pension etc. So accordingly, this department looks after the Administrative and legislative matters related to: government schemes: pm jan Dhan Yojana, pm jivan jyoti yojana, suraksha bima yojana (Accident cum death insurance public sector Banks, regional Rural Banks (RRB).
Yes, there is rbi to supervise them, but who appoints the chairman, md and executive directors in these sarkaari banks? Bank board Bureau (bbb wherein Dept of Financial Services Secretary (IAS) is the ex-officio secretary. Nabard, irdai, pfrda nps related Administrative and legislative matters. 4) Department of revenue ( ). Direct taxes (cbdt indirect taxes: Earlier there was Central board of Excise and Custom (cbec but Budget-2018 proposed to rename it to central board of Indirect Taxes customs (cbic). Legislative study matters related to narcotic Drugs psychotropic substances (ndps foreign Exchange management (fema prevention of Money laundering (pmla benami Properties act. 5) Department of Economic Affairs, international aid given to India.
Analytical Description: Both Sir Arthur Lewis (Economist) and. Ambedkar said that for economic and social development, people should shift from the agriculture to mfg/services and from villages to cities. This happened in south Korea and Japan, so they have better standard of living than India. 2) Prediction and Prescriptions for Future. Prediction: Climate change will reduce farm income by 20-25 in medium term for un-irrigated land. Prescription : to double the farmers income by 2022, weve to focus on Micro-irrigation, crop-diversification, Crop research, reforms in (msp, apmc) necessary.
Government takes cognizance of the survey, and announces schemes accordingly. The latest budget agreed that: Yes, msp reform necessary. Well compute msp.5 times the input cost, so farmer gets 50 profit on his effort. Yes, apmc reform also necessary, because all small and marginal farmers cant bring their produce to apmc mandis (as they cant afford to rent a tempo / tractor) so, well create Gramin Agricultural Markets (GrAMs) in their villages, link it with e-nam online selling portal. Then, farmers can directly sale to consumers without any apmc middlemans nuisance commission. Since economic survey deals with Economic issues, it is prepared in the finance ministry. But, Which department exactly?
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Survey vol1: Preface and Abbreviation, survey vol1: listicles or Interesting Facts. Ch1- State of Economy: overview outlook. Mock questions for Prelims, what is economic survey? Its an annual document, prepared by the Only Chief Economic Advisor (CEA) and tabled in the parliament ahead of budget presentation. Although this way is not mentioned or required under the constitution. Economic Survey: (1) describes the events of past, and (2) provides predictions twist and prescription for the future. For example, latest economic survey 2018-19 has following to say on Agriculture: 1) Description of the past, statistical Description: Agricultural contributes to 16 of gdp and 49 of employment in India.
this article helpful? How can we improve it? What is economic survey? Who prepares the Economic Survey? How is the survey prepared? What is the structure of Economic Survey?
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