Organisational Structure of PSU’s – Departmental Undertakings, Statutory Corporations, Control Boards, Co-operative Societies, Companies registered under the Companies Act 1956
Purpose/Objectives of PSU’s
Reforms – post Liberalisation, Privatization, Globalisation (LPG) era- Disinvestment, Memorandum of Understanding (MOUs), Miniratnas, Navaratna, Maharatna, New Companies Act, 2013, Corporate Social Responsibility (CSR)
What is Corporate Governance? What are its Objectives?
A general idea about Industrial Policies in India
Medium and Small-Scale Enterprises (MSME’s ), Small-Scale Industries (SSI), Village and Cottage Industries (VCI)- On what basis are they classified so
What measures are taken by Government to revive these industries?
SOURCES TO REFER :
Macroeconomics- Class 12th , NCERT
NCERT 11th – Indian Economic Development
NCERT- Class 9thand 10th (for basics)
Indian Economy – Ramesh Singh
Sriram’s IAS Economics Notes
2nd August 2015
SUBJECT &TOPIC :
Economics – External Sector/Foreign Trade
India’s Foreign Policy – recent initiatives taken
Balance of Payment (BoP)
What constitutes BoP?
What do you understand by ‘Invisibles’? How does it affect BoP?
External Commercial Borrowings (ECB)
What does it constitute, what is it meant for?
Who regulates it?
Who borrows from it? Example: Corporate sector , Government
Capital and Current Account Convertibility– India has full Current Account Convertibility but when it comes to Capital Account Convertibility, it is only partial. Why?
A general idea about MRTP Act, 1969; FERA, 1973; FEMA, 1999 – this will help you in understanding the changes made to capital account convertibility and why India is yet to go for full convertibility and what is the present status
Current Account Deficit (CAD)
What is CAD?
Who reports CAD?
Why India has huge CAD? Is a minimum CAD necessary? What are the measures taken by India to reduce CAD?
Rupee appreciation, depreciation
How is Rupee value determined?
How and why does Rupee appreciate or depreciate?
Its impact on domestic and external market? On imports and exports.
What measures does RBI take when rupee appreciates or depreciates? How does it impact Forex Reserves?
Difference between Depreciation and Devaluation of currency (in Indian – rupee) Why does a country devaluate its currency?
Currency Exchange rate
How is the currency exchange rate determined?
Who determines it ?
Exchange rate interms of Purchasing power parity (PPP).
What is Nominal Effective Exchange Rate (NEER), Real Effective Exchange Rate (REER)?
What does it constitute?
What is the use of having Forex Reserve?
Why do we need more Forex Reserves?
How can we accumulate more Forex reserves?
Concepts like Trade deficits, Elasticity of Demand, Savings, Investment, J-curve effect