Economy

Economy

Plan of Lectures

1.) Basic Glossaries/Terminologies (Estimated Hours: 3)

2.) Evolution of Indian Economy (Estimated Hours: 6)

  • Basic
  • Feature of Indian Economy
  • National Income
    1. Related Terminologies
    2. Items include and not included in National Income Computation
    3. Factors affecting National Income
    4. Use of National Income
    5. Problems of National Income
    6. Different Measurement Methods of National Income
  • Classification of Economic Activities
  • Understanding Five Years Plans of India

3) Banking & Related Financial Institutions in India (Estimated Hours: 9)

  • Money and money supply
    1. Meaning
    2. Function of Money
    3. Types of money
    4. Measurement of money Supply
  • RBI & Its Monetary Policy
    1. Basic Information
    2. Functions of RBI
    3. Monetary Policy
      1. Types
      2. Objectives
  • Financial Institution
    • Bank
      • Basic Information
      • Nationalisation of Banks
      • Narasimhan Committee
      • Basel norms
    • Types of Bank
      • Commercial Bank
      • Co operative Bank
      • Regional Rural Bank
      • Local Area Bank
    • Development Financial Institution
      • Classification
      • Function
    • NBFC
      • Insurance
      • Mutual Fund
      • Hedge fund
      • Venture Capital Fund
      • Merchant Bank

4) Financial System of India (Estimated Hours: 6)

  • Financial Market
    • Meaning
    • Difference between Capital and Money Market
  • Money Market
    • Function
    • Instruments of Money Market
    • Feature of Indian Money Market
    • Discount and Finance House of India
  • Capital Market
    • Instruments of capital market
    • Classification: Primary and Secondary Market
    • Functions of Capital and Money Market
    • Stock Exchanges of India
    • Stock Market Terminology
    • Securities Exchange Board of India and its Function
      • Basic Information
      • Function of SEBI
      • Merger of FMC with SEBI
    • Credit Rating System

5) Fiscal Policy (Estimated Hours: 4)

  • Definition
  • Objective of Fiscal Policy
  • Budget and its Various Component
  • Understanding Different Types of Deficit
  • FRBM Act– 2003
  • Different types of Budget
  • Committees on Public Expenditure
  • Recommendation of 14th Finance Commission
  • Fiscal Consolidation

6) Taxation Policy (Estimated Hours: 2)

  • Basic Terminologies
  • Classification of Tax
  • Merit of Direct and Indirect Tax
  • Goods and Service Tax
    • Benefit of GST
    • Features of Proposed GST Model
    • Impact of GST on Various Articles of Constitution
    • Challenges of GST

7) Foreign Sector (Estimated Hours: 9)

  • Balance of payment
    • Meaning of BoP
    • Structure/Classification
    • Understanding different phases of BoP
  • Exchange Rate
    • Types of exchange Rate
    • Determinants of Exchange Rate
  • Devaluation/ Depreciation of Currency and its Impact
  • Convertibility of Currency
    • Types
    • Introduction of Convertibility in India
    • Committee on Convertibility in India
  • Foreign Direct Investment
    • Meaning of FDI
    • Advantage and disadvantage of FDI
    • Different Phases of FDI Policy in India
  • Foreign Portfolio Investment
    • Meaning
    • Foreign Portfolio Investment (Regulations), 2014
  • Different Instruments for Foreign Investment
    • Types: ADR, GDR, FCCB, IDR, P-Notes etc
    • Advantage and Disadvantages of Instruments
  • Foreign Trade policy: 2015-20
    • Objectives and Targets
    • Features
  • Regional Economic Integration and its stages

8) Industrial Sector of India (Estimated Hours: 6)

  • Industrial Policies
    • Industrial policy Resolution- 1956 and features
    • New Industrial Policy- 1991 and features
  • Challenges of Industrial Sector
  • Recent Steps to Boost Industrial Sector
  • Public Sector Unit
    • Types of PSUs
    • Rationale of PSUs
    • Problems of PSUs
    • PSUs Reform
    • Concept of Ratna Status
    • Board for reconstruction of PSUs
    • National Investment Fund
  • Small Scale Industry
    • Definition as per MSME Act, 2006
    • Features of MSME Act 2006
    • Objectives and Role of SSI in Indian Economy
    • Problems of SSI in India
    • Steps taken up to promote SSI

9) Inflation (Estimated Hours: 3)

  • Definition
  • Types of Inflation
  • Impact of inflation
  • Cause/Reason of Inflation
  • Method to control Inflation
  • Variants of Inflation
  • Related Terminologies
  • Measurement of Inflation
    • Wholesale Price Index
      • Meaning
      • Feature
      • Applicability
      • Limitation
    • Consumer Price Index
      • Meaning
      • Types of CPI
      • Features of different CPI
      • Applicability of different CPI
    • Misc. Indexes
      • Proposed indexes
  • Business Cycle

10) Economic Reforms in India (Estimated Hours: 3)

  • Basic Understanding
  • Generations of Economic Reform
  • Reform of Different Sectors
    • Industrial Sector Reform
    • Small Scale Sector Reform
    • Banking Sector Reform
    • Money Market Reform
    • Capital Market Reform
    • Fiscal Policy Reform
    • External Policy Reform
    • Insurance Sector Reform

 

11) Growth and Development (Estimated Hours: 3)

  • Inclusive Growth
    • Different indicators of Inclusive Growth
    • Challenges of Inclusive Growth
  • Financial Inclusion
    • Benefit of Financial Inclusion
    • Financial Inclusion Initiatives
    • Extent of financial inclusion
  • Sustainable development

12) Poverty and Related Issues (Estimated Hours: 3)

  • Understanding poverty
  • Types of Poverty
  • Different Types of Poor
  • Different Committees for Poverty line Estimation
  • Causes of Povertyf. Poverty Alleviation Strategies and Programs
  • Poverty Alleviation Strategies and Programs
  • Inequality
  • Misc. Poverty Related Index

13) Unemployment (Estimated Hours: 3)

  • Understanding Unemployment
  • Types
  • Measurement
  • Reason for Unemployment
  • Unemployment Alleviation Strategies and Programs
  • Informal Sector in India

14) Infrastructure (Estimated Hours: 3)

  • Social and Physical Infrastructure
  • Features
  • Challenges of infrastructure
  • Recent steps taken to boost infrastructure
  • Special Economic Zone (SEZ)
    • Act and its features
    • Objectives
    • Performance of SEZ
    • Difference between NIMZ and SEZ

15) International Economic Organisation (Estimated Hours: 6)

  • World Trade Organisation
    • Evolution
    • Objective
    • Principle
    • Governance and Structure
    • Function
    • Different agreements
  • Bretton Woods Twins
    • IMF
      • Governance and Structure
      • Objective
      • Function
      • Special Drawing Rights
    • World Bank
      • Different Wings/Arms of World Bank
      • Objective
      • Evaluation
      • Reforms
  • Misc.
    • Asian Development Bank
    • G 20
    • APEC

16) Agriculture (Estimated Hours: 6)

  • Significance
  • Problems of Indian Agriculture
  • Agricultural Reform
  • Agricultural Credit
  • Programs for Development of Agriculture

17) Subsidies (Estimated Hours: 3)

  • Meaning, types and debate over subsidy
  • Agricultural Pricing Policy
  • Food Security: meaning, problems and reforms
  • National Food Security Act, 2013
  • Misc. terms

18) Misc. mains topics (Estimated Hours: 6 to 9)

  • Irrigation system: Types, Sources and related schemes
  • Agricultural Marketing: meaning, features, importance, problems, government efforts and suggestions.
  • Cooperative marketing: objectives, advantages, problems and suggestion
  • Food Processing: Importance, Scope, Challenges and Suggestions
  • Economies of animal rearing

 

 

 

 

 

 

 

 

 

* The indicated lecture plan is tentative and actual lectures may be more or less due to change in teaching methodology as per any particular year’s CSE question papers.