AGILE APPROACH Topic: Economy In news: The central theme of this year’s Economic Survey is the “Agile approach”, implemented through India’s economic response to the COVID-19 Pandemic shock. About: The preface of Economic Survey states that the “Agile approach” is based on feed-back loops, real-time monitoring of actual outcomes, flexible responses, safety-net buffers […]

    Govt. on track to meet the FY22 fiscal deficit target Topic: Economy In news: The Centre is well on track to meeting its fiscal deficit target for the current fiscal on the back of a robust rebound in tax revenues, as per the Economic Survey for 2021-22. About: The agile fiscal policy approach […]

    CROSS BORDER INSOLVENCY Topic: Economy In news: The Economic Survey 2021- 22 has called for a standardised framework for cross- border insolvency. About: The Insolvency and Bankruptcy Code (IBC) at present does not have an instrument to restructure firms involving cross-border jurisdictions. The proposal to frame a robust cross-border insolvency framework has already […]

    CROP DIVERSIFICATION Topic: Economy In News: Centre has adopted MSP, but States must facilitate crop shift’ says MSP panel in Economic Survey. About: There is an urgent need for crop diversification in view of the severe water stress in areas where paddy, wheat and sugarcane are grown as well as to increase oil […]