GPSC and other state PCS exams in February-March, therefore I’ve quickly assembled a summary of budget and economic survey for their reference, before I begin my lecture series in a systematic manner. Because rest of rbi intervention in forex chapters are mostly data-tables for last years’ economic events.
In this summary, I’ve not written full forms or given background theory-connectives, because the target audience is Interview candidates. CEA Arvind Subramanian is neither repeating many old things, nor proposing new things. RBI to handover NHB to Government. RBI, SEBI to encourage corporate bond market. Unique IDs to enterprises for tracking loans, schemes and Ease of Doing Biz.
Post office, NSC, PPF acts to be more people friendly. SEBI, Securities Act to have more teeth. Government to take action against their use in illegal activities. Three Public sector Insurance Cos: National Insurance Company Ltd. United India Assurance Company Ltd and Oriental India Insurance Co. Ltd will be merged into a single insurance entity, and later its shares will be listed.
Hybrid instruments for VCF and Startup. More efforts to link them with PM Jivan Jyoti, Surakasha Bima, Fasal Bima. Many PSBs making losses in past 3 years. B work in progress, FRDI bill proposed. Presently Stock price boom but when it’s corrected there could be capital outflow. MP salaries revised with inflation every 5 year. Deficits Targets for 2018-19: RD: 2.