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ECONOMY by VIVEK SINGH

Logo of telegram channel viveksingh_economy — ECONOMY by VIVEK SINGH E
Logo of telegram channel viveksingh_economy — ECONOMY by VIVEK SINGH
Channel address: @viveksingh_economy
Categories: Economics , Investments
Language: English
Subscribers: 110.23K
Description from channel

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 viveksingheconomy@gmail.com

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The latest Messages 104

2021-07-02 14:59:19
7.0K views11:59
Open / Comment
2021-07-01 16:47:18 Just for Information: The Doubt Session Programme started last year in July got over on 30th June 2021.
8.1K views13:47
Open / Comment
2021-07-01 13:08:40
Source: Hindu
30 years back on 21st June 1991, P V Narasimha Rao was sworn in as Prime Minister and he chose Manmohan Singh as Finance Minister. Manmohan Singh presented the budget on 24th July 1991 with wide ranging economic reforms called LPG reforms which gave India its economic independence.

We are completing 30 years of LPG reforms. I request all the UPSC interview aspirants to go through this article and also read in detail about the reforms from my Book (Page No. 197 to 202). You can expect few questions in the interview on LPG reforms.
11.2K viewsedited  10:08
Open / Comment
2021-06-30 08:07:52
Source: Indian Express
A very good article on One Nation One Ration Card, explaining all the technicalities regarding how it is getting implemented.
Self Explanatory.
16.0K views05:07
Open / Comment
2021-06-29 08:07:03 The above is article from HINDU Editorial page. Following are some relevant points.

1) The Washington Consensus (coined in 1989) refers to a set of broadly free market economic ideas, supported by prominent economists and international organisations, such as the IMF, the World Bank and the US Dept. of Treasury (all based in Washington).

2) In 1979, Mrs Thatcher was elected Prime Minister of the UK. At the time, the UK was experiencing double-digit inflation, trades unions were powerful and there were signs British industry was becoming increasingly uncompetitive. Mrs Thatcher introduced revolutionary economic policies which had a deep impact on the UK economy. They were characterised by a belief in free-markets, an effort to reduce state intervention in the economy, privatisation of PSUs, reduce the power of trade unions and tackle inflation.

3)
Benefits of Privatisation:
(a) Brings in efficiency through private management
(b) Govt. can focus more on delivery of basic public services like health, education, infra rather than running PSUs to produce coal, gas, steel, airlines etc.
(c) Reduction in fiscal deficit and debt (it is a byproduct of privatisation rather than the main objective)

Disadvantages of Privatisation
(a) There are very few big private firms and their resources are limited which could be used to buy out bankrupt private firms (through IBC) rather than PSUs. Otherwise it will result in slowing down the turnaround (making a company profitable) of bankrupt private firms
(b) The big firms can be encouraged to invest in greenfield and brownfield projects to revive the economic growth momentum
(c) Govt. achieves various social objectives through the PSUs like providing jobs through reservation, guaranteed procurement from MSMEs, opening of accounts through PSBs, Lending etc.

4)The author in this article has suggested that we should nurture our PSUs also as done in China. (China's growth was driven by combination of both private and public firms). But this is doubtful in case of India because of the differences in our political system and other socio cultural differences and we have experienced this also in the last 70 years of our post independence history.
18.2K viewsedited  05:07
Open / Comment
2021-06-29 07:42:28
14.5K views04:42
Open / Comment
2021-06-29 07:21:40 Source: Hindu
No need to go into the details of these schemes, its not possible to remember all these measures and schemes. So, just have a look that in which sectors Govt. is pumping money to stimulate the economy and through what measures. For example:

1) Health: Govt. will provide guarantee and the interest rate will also be capped at 7.95%, which means this will be the maximum rate which the banks can charge while lending. Generally if the risk increases, banks increase the interest rates but since Govt. will be providing guarantee for the loans, so its possible that banks will be willing to lend.

2) Emergency Credit Line Guarantee Scheme: (https://t.me/VivekSingh_Economy/2477) Expanded to few other sectors

3) Cheap loans to small borrowers: [Micro Financial Institutions (MFIs) are a kind of NBFCs only but there are limits on the amount of credit that they can provide. For people in rural areas the limit is Rs. 1.25 lakh and for people in urban and semi-urban areas the limit is Rs. 2 lakhs.] Govt. will be providing guarantee to banks which will give loan to MFIs for further lending to small borrowers up to a limit of Rs. 1.25 lakh
14.4K views04:21
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2021-06-29 07:08:35
13.6K views04:08
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2021-06-26 08:33:57

10.8K views05:33
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2021-06-26 06:11:04
Source: Business Standard
A silent revolution in the making. Farmer Producer Organization (FPOs) are transforming agriculture for small and marginal farmers with collective effort. FPOs are helping small and marginal farmers in procurement of various inputs and sale of their produce.
NABARD is running a scheme "Equity Grant Fund" and putting an equivalent amount of capital as contributed by the farmers. Indian Council of Agricultural Research (ICAR) is providing technical support to FPOs through Krishi Vigyan Kendras (KVKs).

Actually FPOs are legal entities (companies, partnership firms, cooperative firms) and farmers are the owners and every farmer puts a very nominal amount of shareholders capital in the FPOs. There should be around 700 to 1000 farmers at least in an FPO for its business to be viable. India has more than 1000 registered FPOs and Govt. is planning to support establishment of 10,000 more FPOs.
3.7K viewsedited  03:11
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