Study Materials

Migrated to a new website..subscribe again

debaratim Banking, Current Affairs, Defence, Economy, Economy Prelims Quiz, Environment & Biodiversity, Essay, Geography, History Lectures, Important articles, Indian History and INM Prelims Quiz, Jan 2014, Mains Model Answer Writing, My Diary, PIB, Polity Lectures, Polity Prelims Quiz, Prelims Quiz 2014, RBI Grade B, Science & Tech Articles synopsis, Science & Technology, Study Materials, Study Plan, Tricks

Click here to navigate to my new website!

A small notice to my 15000+ followers in my earlier WordPress blog: I was using a free domain in WordPress of which the allowed space has been exceeded. Also the no. of followers which is permitted for a free domain has crossed it’s limit within just 25 days from its commencement! So I have no other option but to buy a custom domain of unlimited storage. Though I spend Rs 3200/ to purchase this domain, be happy to know this new website too will be always free for you people! I consider this website to as a small tribute to my society. This work gives me an immense mental satisfaction that I too can deliver some facilities to my nation, especially those who lacks proper Coaching and guidance due to monetary stigma. What you have to do is: you have to subscribe through your email ID again as the earlier Website will no longer be available.Be focused in your goal. Jay Hind!

Click here to navigate to my new website!

Synopsis of Economic Survey 2013-14

debaratim Banking, Current Affairs, RBI Grade B, Study Materials , , , , ,

Ok, let’s come to the Economic Survey 2013-14 which is extremely useful for upcoming exams like RBI Grade B, IBPS PO etc. You can get the complete Economic Survey here :

Economic Survey 2013-14

It consists of 14 chapters. Let’s have a look on the whole matter briefly:

1. Prepared by: The draft of the Economic Survey is prepared by Dept of Economic Affairs having the inputs from CSO(Central Statistical Organization) which is subsequently under Ministry of Statistics and project Implementation). Ministry of Statistics and project Implementation also prepared union Budget as well.

2. The key highlights are:

  • India’s economy expected to grow between 6.1 percent to 6.7 percent in 2013-14. GDP Growth rate was just 5.0 percent in 2012-13.
  • Slowdown in the rate of growth of services to 6.6 percent in 2012-13 contributed to a slow in overall growth. Growth in Manufacturing and Agriculture also declined.
  • FDI in retail may pave the way for investment in new technology and marketing of agricultural produce in India.
  • Non-performing assets (NPA) of the banking sector increased from 2.36 percent of the total credit advanced in March 2011 to 3.57 percent of total credit advanced in September 2012.
  • The survey calls for a widening of the tax base, and prioritization of expenditure as key ingredients of a credible medium term fiscal consolidation plan. Some measures taken in Union Budget 2013-14 include levy of Service Tax on all air-conditioned eating places, 10% surcharge on income of individuals earning more than 1 crore rupees in a financial year.
  • Expenditure on social services also increased considerably in the 12th Plan, with the education sector accounting for the largest share followed by health.
  •  India is on track to meet its fiscal deficit target of 5.3% of GDP this fiscal year, and to narrow it down to 4.8% of GDP next year.
  • The Economic Survey 2012-13 recommended curbing imports, mainly of gold, in a bid to reduce India’s current account deficit, which stood at 4.2% of GDP last year and is projected to be at similar levels this year.
  • The study said a priority should be to reduce waste in social spending through projects like direct-cash transfers to the poor. India’s spending on social welfare increased from 5.9% of GDP in the year that ended March 31, 2008 to an estimated 7.1% of GDP in the current year.

3. Some key points to remember:

  • GDP Growth Rate of India : 2013-4.7% and in 2012-4.5% [was >9% in 2005,’06,’07] and [<5% in ’86,’87 and 2012,’13]
  • Contribution in GDP shares:

                                    Service Sector                            : 60%

                                   Industry                                      : 26%

                                   Agriculture and allied sector :14%

  • But shares in Employment:

                                   Agriculture> Services> Industry

  • IMF World GDP:

                                  2013 – 3%

                                  2014 – 3.6%

Upcoming Article: Synopsis of Union Budget 2013-14

Water Security in India

debaratim Science & Tech Articles synopsis, Science & Technology, Study Materials , , , , ,
  1. Water Security is said to exist when all people of the country have access to water in sufficient quantity and quality to meet  livelihood needs throughout the year, without prejudicing the needs of other users.
  2. affecting global economic development and the livelihoods of the poor.
  3. Poor people suffer the most when resources are scarce.
  4. India accounts for 2.45% of land area and 4% of the water resources of the world population. With the present population growth rate (1.9 per cent per year), the population is expected to cross the 1.5 billion mark by 2050.
  5. The United Nations Human Development Report 2006 “Beyond scarcity: Power, poverty and the global water crisis” identified water availability per person (supply) was decreasing, while at the same time the amount of water that each person was using (demand) was increasing.
  6. low agricultural water productivity and efficiency, combined with aging supply infrastructure, would make severe supply-demand gaps likely in many basins with currently planned crop choices.
  7. India is one of the world’s leading crop producers. Over the years, there has been an increase in water consumption in the agricultural sector. The volume of water used for irrigation in India is expected to increase in by 68.5 Trillion (Tr) liters between 2000 and 2025.(Also due to the attributes needed for Green Revolution and BGREI)
  8. Unless local and national communities come together and dramatically  improve the way we envision and manage water, there will be many hungry villages and degraded environments and the economic development of the country will be put at risk. Stakeholders that include farmers, industries, policy makers, administrators, non government organizations, etc.  will need to come together to formulate an integrated road map towards water resource security in India. Some resolution in this road map may require potentially unpopular policy changes and the adoption of water saving techniques and technologies The dialogue needed amongst stakeholders, then, is about India’s economic and social priorities and the challenges that are worth  tackling  to deliver or achieve water security, when every child in India would have easy access to water of the right quality, in the right quantity and at the right place.