FDI in food processing Topic: Economy Context: FDI in food processing surged 86% in April-Sept FY22. Concept: The food processing sector witnessed a surge in Foreign Direct Investment (FDI) inflows in FY22 after it had recorded a massive dip in inflows in the previous fiscal. According to the Survey, FDI in the food […]
EXTERNAL SECTORS (ECONOMIC SURVEY) Topic: Economy In News: The Union Minister for Finance Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament. About: India’s merchandise exports and imports rebounded strongly and surpassed pre-COVID levels during the current financial year. Net capital flows were higher at US$ 65.6 billion in the first half of […]
Renewable energy capacity grew 2.9 times; solar over 18 times in seven-and-a-half years Topic: Economy In News: India witnessed the highest growth in renewable energy (RE) capacity addition among all global economies in the last seven and half years, with RE capacity growing by 2.9 times, while solar energy surged by more than […]
Capital markets more important than banks for economic revival Topic: Economy In News: The Survey says that capital markets have been more important than banks for the economy’s revival in the current fiscal. About: It pointed out that the current financial year proved to be exceptional for primary markets with a boom in […]
Govt swaps ₹1.2-lakh-cr G-Secs oil bonds Topic: Economy In News: In the run-up to the Budget for FY23, the Union government did a conversion transaction for G-Secs and oil bonds with RBI on January 28 for ₹1,19,701 crore. About: The transaction involved buying back securities maturing in FY2022-23, FY2023-24 and FY2024- 25 from […]
New FTAs review of existing agreements can push exports Topic: Economy In News: Over the last 25 years, the country has significantly diversified its export destinations, but more than 40 per cent of India’s exports is still accounted for by only seven countries, according to the Economic Survey released by the Finance Ministry. […]
Move over Bengaluru- Delhi is now start-up capital Topic: Economy In News: Delhi has replaced Bangalore as the start-up capital of India, according to the Economic Survey 2021-22. About: The national capital added over 5,000 recognised start-ups compared to the 4,514 start-ups added in India’s software capital between April 2019 and December 2021. […]
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 […]
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 […]