Mrunal.org

Mrunal.org

Economy: why Important (GSM1)Industrial revolution, colonization, decolonizationPolitical philosophies like communism, capitalism, socialism etc.Post-independence India population and associated issues, poverty and developmental issues, urbanizationGlobalization on Indian societySocial empowerment,Location of industries

Mrunal.org

Mrunal.org

Economy: why Important (GSM2)Indian Constitution, various bodiesdevolution of powers and finances up to local levelsMinistries and DepartmentsStatutory, regulatory and various quasi-judicial bodiesGovernment policies and interventions for developmentWelfare schemesSocial Sector/Services relating to Health, Education, Human Resources.Poverty and hunger.India and its neighborhood- relations.Bilateral, regional and global groupings and agreements involving India and/or affecting Indias interestsEffect of policies of countries on Indias interests, Indian diaspora. Important International institutions

Mrunal.org

Mrunal.org

Economy: why Important (GSM3)Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.Inclusive growth and issues arising from it. Government Budgeting.storage, transport and marketing of agricultural produce and issues and related constraints;Farm subsidies, MSP, PDS, Economics of animal rearingFood processing, upstream downstream, SCMLand reforms in India.Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.Infrastructure: Energy, Ports, Roads, Airports, Railways etc.Investment models.environmental impact assessmentLinkages between development vs extremism.money-laundering and its preventionSecurity challengesMrunal.org

Mrunal.org

Economy for UPSC: Prep. ResourcesMrunal.org

Mrunal.org

Micro EconomicsImp. for CDS, but not much for CSAT / mainsFor CSAT: (Class 12 NCERT Micro economics)Elasticity of demands (ch2) + Giffen goods (internet)Law of diminishing marginal product (ch 3.4)Perfect competition (ch4.1): only features. (=>CCI)Non-competitive markets: (ch.6) features given @introMonopolistic competition (ch.6.2.1)Oligopolistic competition (ch 6.2.2)Price ceiling and Price floors (ch5.2): only basic definitionGlossary : only MCQ worthy definitions.Mrunal.org

Mrunal.org

Economy for Exam= Macro + IndianBarter => Money =>EvolutionCircular Flow of income=> FIBanking=> RBIFinance=> SEBIInsurance=> IRDAReforms, foreign investmentInternational TradeBoT, BoP, CAD, Forex, FDI, FIIWorld Bank, IMF, ADB, WTO(Mains) IR/Bilateral/globalization Angle

Mrunal.org

Mrunal.org

Economy for exam Macro + IndianMrunal.org

Mrunal.org

GDP & Growth: BasicsNCERT Class 12 Macro EconomicsMrunal.org

Mrunal.org

Money-Banking-Finance (theory)Mrunal.org

Mrunal.org

Money-Banking-Finance (theory)NCERT Class 12 (Macro Economics)Ch. 3 Money & Banking: Supply of money, Functions of RBIRamesh Singh: 12 Banking11. Financial market => 14 Securities Market (Stock exchange, FII, QFI etc.)13 InsuranceMrunal.org

Mrunal.org

Money-Banking-Finance (Current)Mrunal.org

Mrunal.org

Money-Banking-Finance: How to Maintain Notes?BankingRBI did not change the r atesHongkong Macau: RBI sensitive list, persmission (FEMA)Nachiket, Bimal, PJ NayakForex reserve: 179=>293Women bank: 1cr. Loan w/o collateral

Mrunal.org

Mrunal.org

Money-Banking-Finance: How to Maintain Notes?SEBI/IRDA/SecuritiesSEBI: corporate governance new norms; NSEL scams, Sahara ScamIRDA: CSC can sell policies,Broker model for Banks(Biz GK) Bajaj alliz. All women branch insuranceEPFO: raised the return, single numberCoal India: dividend Rs.29 (G-sec 15 cr / 18 cr. Dividend)TCS: profit raised 50%; 25k new jobsInflation indexed bondsNCDEX- GoldH100, BSE: India sovereign index

Mrunal.org

Mrunal.org

Foreign Trade/Investment (theory)Mrunal.org

Mrunal.org

Foreign Trade/Investment (Current)CAD high, Rupee weak (Govt+RBI)Bilateral investmentIndia 2014 Ch. on Commerce. (for Mains.)Visits and agreements. (notes)WTO: current (Bali summit, agro subsidy)Infra, Food processing related (GSM3)Mrunal.org

Mrunal.org

Foreign Trade/Investment: How to Maintain Notes?FDIWallmart got CCI permission, Wallmart India ltd.Tesco (UK) + Trent (TATA)FDI=>16-33% went back in Royalty paymentAxis Bank=>62% foreign bankTATA+SIA airlines deal. A320 on leaseFDI proposal in rail; white paper on e-commerceRio-tinto: Bundelkhand MP, diamond Top-10Lactel buys Tirumala dairyMayaram Panel on FII and FDICAD: 50 bn$; Basmati Highest exporter IndiaEnvironment clearance: POSCO, Niyamgiri=> visit of S.Korean PresidentMrunal.org

Mrunal.org

TaxationMrunal.org

Mrunal.org

Taxation: Current/ ContemporaryOnly Vote on account Feb 2014Rail budget: Technology, metro project, agro. (mains)Cross-subsidization: rail tariff authorityFull budget after electionFMs Full speech, schemes, taxesEstimates: highest earning from?Slab overviews. FRBM targetExcise/custom: Agriculture, MSME, foreign tradeBTT, GAAR, DTC, VAT, GST,Money laundering (Mains)

Mrunal.org

Mrunal.org

Taxation/ judgement: How to maintain notesCBDT: cancelled tax exemption for cricket boardsVCES: voluntary compliance encouragement scheme: Service tax (31st dec)LPG Gas: Rahul, Gujarat-GAIL, new pricing for LNG acco2 RangarajanNELP: 10th roundFlexi funds: for state government schemeSubsidies 3lakh crore, DBT saves 60k

Mrunal.org

Mrunal.org

Taxation/ judgement: How to maintain notesFiscal deficit: CRISIL 5.2%, take special dividend from PSUsNHAI : plan meetings waste of timeDisinvestment: Hindustan Zinc scam, SUUUTIGold import duty reduceCoalgate: government admits wrongdoing in SCCCI: 1.7k crore penalty on CILAdani SEZ: HC cancelled clearance

Mrunal.org

Mrunal.org

Indian EconomyBackground:NCERT 12: Fundamental of Human Geo. Unit III (ch.5 to 9): sectors of economyColonialism, Imperialism, industrial revo.NCERT (old) class 10, first chapter (Mrunal.org/history)Bipin Chandra (Ch7) Economic CritiqueNCERT class11 (economy) Chapter 1Mrunal.org

Mrunal.org

Indian Economy (post-Independence)For both Prelim + Mains NCERT (economy) class11: Chapter 2Planning=> Ramesh 4 and 5Land reforms => Prelim (NCERT) + India Yearbook for schemes (rural development)(Mains) Mrunal.org/polity + Bipins PI (ch.29 to 31)Green revolutionPrelim (NCERT)Mains: Bipin (PI) ch33Yoj, Kuru, newspapers

Mrunal.org

Mrunal.org

Indian Economy Prelim cum MainsNCERT class11: Chapter 2Green revolutionPrelim (NCERT) + (Yearbook: MSP, NAFED etc.)Ramesh Singh Ch.8. Mains: Bipin (PI) ch33==>Geography/Agriculture (Cropping, seasons, soil types)==>Food processing, Food security (mains)Yoj, Kuru, newspapersSubsidies =>Budget, Economic Survey, DBT

Mrunal.org

Mrunal.org

Indian Economy Prelim cum MainsNCERT Class 11Chapter 2: Industrial policy resolution, Import substitution, Permission rajChapter 3: LPG Ramesh Singh Ch.6 (Economic Reforms)Ch7 Inflation. (+newspaper)ch9 (Indian industry and infra.) licensing, policy, disinvestmentBudget + Economic survey + IYBMainsBipin PI Ch.25-28Newspaper columns

Mrunal.org

Mrunal.org

Indian Economy Prelim cum MainsNCERT class11: Ch4 Poverty: poverty line, Causes of povertyCh5 human capital formationCh7 EmploymentPrelim cum mains (GSM1, 3)Ramesh: ch.21 Demographic dividend, 22 human developmentEco. Survey ch.2 and ch.13Census 2011, skill Development (Yoj/Kur/12th FYP/Schemes)

Mrunal.org

Mrunal.org

Indian Economy Prelim cum MainsNCERT class11: Ch.6 Rural development=>Eco.Survey ch8 (agri. Food Management)IYB chapter (Agri, rural urban Development)Rural banking=>RRB, financial inclusion (site)Agri.marketing=> Food processing (Mains) (site)Organic farming & its benefits.+ Hindu, Magazine

Mrunal.org

Mrunal.org

Indian Economy (infra)NCERT class11: Ch.7 infrastructureEnergy=> renewable/non sources (GSM1); infra. (GSM3)DR Khullar, Economic SurveyHealth infra.=> MDG, Public health, Schemes (GSM2 social sector schemes) (site)CurrentRamesh Ch 9 and ch.22Economic Survey ch. 9, 10 and 11 (site)Newspaper, Y/K/12th

Mrunal.org

Mrunal.org

Indian Economy (Sustainable Development)Prelim cum MainsNCERT class11: 9Carrying capacity, ozone depletion etc. basicNCERT sci/geography, NIOSCurrentRamesh Ch.20RIO+20 (Mrunal.org/enb)Economic Survey ch. 12(site)

Mrunal.org

Mrunal.org

Indian Economy (vs. others)Prelim cum MainsNCERT class11: ch.10Comparative Development (not much)(Mains)Decolonization => NCERT (old) Class10IR angle: newspapers [mainly those affecting Indian interests]

Mrunal.org

Mrunal.org

OverallFirst priority:Class 11 Micro.Class 12 Macro=> Ramesh, LaxmiClass 11 Economic Development => Ramesh+ solve last three papers+ Mock Questions from theoryParallel: Notes making for current.Mrunal.org

Mrunal.org

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