BBAC Current Affairs Crash Course - Economy Current Affairs
Reports and Their Highlights
Relative Economic Performance of Indian States
- Publication: Economic Advisory Council to the Prime Minister
- Time Period: 1960s-2024
- Highlights:
- Disparity in per capita income
- Better performance of western and southern states
- Diverse paths of Punjab and Haryana
Pradhan Mantri Mudra Yojana
- Launch Year: 2015
- Objective: Financial inclusion for micro and small enterprises
- Three Loan Categories: Shishu, Kishore, Tarun
- Benefits: Collateral-free, affordable credit
World Development Report
- Publication: World Bank
- Focus: Middle income countries
- IndiaтАЩs Status: Low middle income country
Economic Phenomena and Terms
Dutch Disease
- Constitution: Negative impact of rapidly growing one sector on other sectors
- Example: Impact of oil resources in Nigeria
Government Schemes and Initiatives
Model Skill Loan Scheme
- Objective: Skill development
- Loan Limit: Up to 5 lakhs
- Guarantee: Credit Guarantee Fund
Transit Oriented Development
- Goal: Development of transport facilities in metro cities
- Focus: Connectivity and basic facilities
Long Term Capital Gains Tax
- New Rule: 20% tax without indexation, on properties post-2024
Trade and Tax
Global Tax Treaty
- Proposal: OECDтАЩs 15% minimum tax proposal
- Goal: Prevent tax evasion
Non-Tariff Measures
- What is it: Policy-related restrictions
- Example: Phytosanitary measures
Economic Swaps and Development
Debt for Development Swap
- Constitution: Debt forgiveness in exchange for development activities
Agriculture and Food Security
National Pest Surveillance System
- Objective: Assist farmers in pest management
- Technical Use: Artificial intelligence
Sustainable Development in Horticulture
- Objective: Reduce dependence on imported plant material
Grain ATM
- Goal: Easy grain distribution
- Availability: 24/7 alternative supply ATM
International Reports and Inclusion
WTO Trade Report
- Publication: World Trade Organization
- IndiaтАЩs Ranking: 11th in agricultural export
International Labour Organization Reports
- Focus: Post-pandemic youth employment
Banking and Finance
Front Running
- Description: Use of non-public information
- Status: Prohibited by SEBI
Energy and Minerals
Tantalum Mineral
- Use: Capacitors in electronic devices, medical applications
- Location: Found in Mandya, Karnataka
Electrical Power Systems
- Industry: Non-polluting industries
Quality and Standards
Quality Council of India
- Establishment: 1996
- Objective: Promotion of quality standards
Bills and Laws
Indian Aircraft Bill 2024
- Objective: Governance of the manufacturing and operation of aircraft
Nutrition and Food Security
Jan Poshan Abhiyaan
- Objective: Availability of nutritional products
- Pilot States: Gujarat, Rajasthan, Telangana, UP
These notes will provide you with a comprehensive understanding of current economic affairs and assist in exam preparation.