There are no current affair news in economy these days.
ECONOMY by VIVEK SINGH
@viveksingh_economy
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]
ECONOMY by VIVEK SINGH (English)
Are you preparing for UPSC, RBI, SEBI, NABARD, or any other competitive exams that require a thorough understanding of the economy? Look no further than the 'ECONOMY by VIVEK SINGH' Telegram channel! This channel, managed by Vivek Singh, provides daily analysis of economy news that is relevant and crucial for your exam preparation.
Whether you are a beginner looking to build a strong foundation in economic concepts or an experienced candidate aiming to stay updated with the latest developments, this channel has got you covered. Vivek Singh, with his expertise and experience in the field, curates valuable insights and analysis that will enhance your knowledge and give you an edge in your exams.
Stay ahead of the curve with 'ECONOMY by VIVEK SINGH' and make sure you are well-equipped to tackle any economic-related questions that may come your way. For any feedback or queries, feel free to reach out to Vivek Singh on Telegram at @viveksingheconomy or via email at [email protected]. Join the channel today and take a step closer towards acing your exams!
ECONOMY by VIVEK SINGH
20 Nov, 03:16
The Economy Module Course Pre cum Mains for 2025/26 is starting today @5pm
ECONOMY by VIVEK SINGH
18 Nov, 08:00
π¨π»βπ *Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir*
π Start Date: *20th November, 2024*
π£ Early bird discount till *20th November*π£
*Course Features:*
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π *Payment Link:*
* *Online Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI
* *Offline Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7
π 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*
π Start Date: *20th November, 2024*
π£ Early bird discount till *20th November*π£
*Course Features:*
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π *Payment Link:*
* *Online Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI
* *Offline Mode:* https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7
π 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*
ECONOMY by VIVEK SINGH
12 Nov, 10:19
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ECONOMY by VIVEK SINGH
12 Nov, 10:18
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ECONOMY by VIVEK SINGH
09 Nov, 06:41
π¨π»βπ Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir
π Start Date: 20th November, 2024
π£ Early bird discount till 12th Novemberπ£
Course Features:
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI
* Offline Mode: https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7
π 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*
π Start Date: 20th November, 2024
π£ Early bird discount till 12th Novemberπ£
Course Features:
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://unacademy.com/goal/-/XFVVT/subscribe/X0S5B1OYYI
* Offline Mode: https://unacademy.com/goal/-/XFVVT/subscribe/VBZA13JND7
π 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*
ECONOMY by VIVEK SINGH
30 Oct, 12:09
Get the UPSC GS Foundation Course at a special festive price of βΉ59,999!
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π Batch starts from 4th November
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π 100% GS syllabus coverage in 800+ hours
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π¨βπ« 1:1 Mentorship by expert faculty
πLocation: Unacademy IAS Centre, Karol Bagh, New Delhi
Build a strong foundation for your success! Enrol now!
This Diwali, light up your preparation with unbeatable value π
πJoin the GS Foundation batch for 2026/27
π Batch starts from 4th November
π Fill this for FREE demo: https://bit.ly/3XQ9Bwp π
πComprehensive preparation with expert guidance
π 100% GS syllabus coverage in 800+ hours
π 360Β° current affairs coverage
π Access to Plus Classes & Tests
π¨βπ« 1:1 Mentorship by expert faculty
πLocation: Unacademy IAS Centre, Karol Bagh, New Delhi
Build a strong foundation for your success! Enrol now!
ECONOMY by VIVEK SINGH
29 Oct, 15:56
Watch Here: https://youtu.be/nJxh86jRA04
Podcast is LIVE! π
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ECONOMY by VIVEK SINGH
26 Oct, 03:51
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
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
ECONOMY by VIVEK SINGH
25 Oct, 02:26
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
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
ECONOMY by VIVEK SINGH
24 Oct, 11:29
π£ *Unacademy Shikhar 2024: India's Biggest UPSC Offline Event* π£
π Event is LIVE now π
*Event Link: https://youtube.com/live/bZF0XybZ1AM
π Event is LIVE now π
*Event Link: https://youtube.com/live/bZF0XybZ1AM
ECONOMY by VIVEK SINGH
21 Oct, 12:42
π¨π»βπ Join Polity & Governance Prelims Cum Mains Module for UPSC CSE 2025/26 by Saurabh Kumar Sir
π Start Date: 14th November, 2024
π£ Early bird discount till 15th October π£
Course Features:
β Covers both Static and Current Affairs.
β 8 Tests (4 Prelims + 4 Mains) Included
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://bit.ly/3zEgFUR
* Offline Mode: https://bit.ly/3zPgnua
π 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*
π Start Date: 14th November, 2024
π£ Early bird discount till 15th October π£
Course Features:
β Covers both Static and Current Affairs.
β 8 Tests (4 Prelims + 4 Mains) Included
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://bit.ly/3zEgFUR
* Offline Mode: https://bit.ly/3zPgnua
π 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*
ECONOMY by VIVEK SINGH
18 Oct, 03:25
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.
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.
ECONOMY by VIVEK SINGH
17 Oct, 07:17
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.
ECONOMY by VIVEK SINGH
16 Oct, 10:04
π¨π»βπ Join Economy Capsule Prelims Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir
π Start Date: 11th November, 2024
π£ Early bird discount till 20th Octoberπ£
Course Features:
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://bit.ly/4eRXIwS
* Offline Mode: https://bit.ly/4gTqE9u
π 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*
π Start Date: 11th November, 2024
π£ Early bird discount till 20th Octoberπ£
Course Features:
β Covers both Static and Current Affairs.
β Economic Survey and Budget will be covered
β Includes Previous Years Questions
π Payment Link:
* Online Mode: https://bit.ly/4eRXIwS
* Offline Mode: https://bit.ly/4gTqE9u
π 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*
ECONOMY by VIVEK SINGH
04 Oct, 12:33
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.
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.
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