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IBPS Bank PO and Clerk Exam Preparation
IBPS Bank PO and Clerk Exam Preparation
IBPS Bank PO and Clerk Exam Preparation
IBPS Clerk
IBPS Bank PO and Clerk Exam Preparation
IBPS Bank PO and Clerk Exam Preparation
Railways (RRB) Preparation

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Economy News-Daily Digest: 2 Key Updates

1. Niti Aayog’s 15-year Vision Plan Projects 8% Growth
India will be a Rs. 469 lakh crore, or $7.2 trillion, economy by 2030, growing at an average rate of 8%, Niti Aayog, the government’s premier think-tank, has projected as part of its 15-year vision document.
This would be a more than three-fold expansion from 137 lakh crore in 2015-16. The increase of 332 lakh crore in 15 years compares with the addition of $8.1 trillion in China’s GDP over the past 15 years.

The IMF estimated India’s GDP growth at 7.2% for 2017-18.
The Aayog has already circulated a draft three-year action plan to all states as a roadmap that will help India achieve the government’s 15-year vision, which it is currently preparing. The three-year action plan will replace the decades old five-year plans and are aimed at transforming the planning process in the country.
The action plan has seven chapters, with the first dealing with detailed illustrations of revenue and expenditure. The other six parts of the plan talk about all sectors, India’s growth, connectivity, governance, social sectors and sustainability.
Since the government has done away with five-year plans from April 1, 2017, it is imperative the new action plan is put into place at the earliest to guide various central ministries, departments and states to achieve the goal of `Vision 2030’ document.
The 12th Five-Year Plan, which was the last of its kind in the series, was terminated on March 31, 2017.

2. SEBI lines up reforms to check flow of black money

Capital markets regulator, Securities and Exchange Board of India (SEBI), will soon put in place stricter norms to check any flow of black money into stock market though controversy-ridden P-Notes and also initiate steps for allowing mutual fund investments through e-wallets.
Besides, SEBI will consider this week new norms for allowing options trading in commodity derivative market, while rules would be relaxed for registration of foreign investors and for common license to brokers to deal in equities and commodities.
The SEBI board will also consider making it easier for banks and financial institutions to get shares of the companies they have exposure to by way of conversion of loan into equity- a move seen as a major boost to the steps for handling the bad loan menace.
The SEBI board will also take stock of long-pending investigations and cases, involving some big corporates, and will consider putting in place an internal guidance note for dealing with quasi-judicial matters.
Besides, it would also discuss the implementation of graded surveillance measures by the stock exchanges to check any manipulation of share price.
The markets regulator will also consider new guidelines for dealing with offshore derivative instruments, commonly known as participatory notes (P-Notes), which have been long seen as being possibly misused for routing of black money from abroad.

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