The volume 2 of the economic survey covers issues of topics
like electricity sector, public finance, MUDRA yojana,
petroleum sector, road sector and service sector.
discom assurance Yojana]: state shall take over 75%
of outstanding debts of
discoms. Reduce AT&C losses to 15%. Increased supply
of domestic coal to
substitute for imported coal. States shall take over
future losses of discoms
in a phased manner.banks not to advance short term loans
to discoms to finance
Upadhyay gram Jyoti Yojana: metering all unmetered
connections. Supply electricity to all villages.
Separating agriculture feeders
from others to ensure sufficient supply for both.
Improvement of sub
transmission and distribution network.
policy allows any consumer with requirement above 1
MW to procure directly from
electricity market. Thus this shall lead to a one country
one market for
830 billion units
of power were generated in 2014-15 out of which 700 bu
from thermal, 102 bu
from hydroelectric and 27 bu from nuclear.
revenues are composed of direct taxes 54% and indirect
income tax> excise duty> service tax> customs
expenditure was higher than plan expenditure and its
composed of Interest
payments > subsidies > defense > pensions >
non plan grants to
states > police.
food > fertilizer > fuel.
payments is 48% of GDP and out of this the internal debt
is 46% and external
debt is 1.5%.
time deposits [fixed and recurring deposits ] are more
than demand deposits
[savings and current account]
[ premium volume to GDP] was 3.3%  and insurance
capita insurance] was $55 in 2014. Global levels are 3.4%
8.Global economic prospects, Doing
Business Rankings, World Development Report
and Ease of doing business report
published by World Bank and International Monetary Fund
publishes Global /
World Economic Outlook report,
competitiveness index of
World Economic Forum and Global
and social outlook by International Labor Org.
MUDRA Yojana [micro units development refinance agency]:
refinance last mile lenders. It seeks
to refinance products having a loan requirement up to 10
lakh and support to
micro finance units by way of refinance. The
loans are of three categories based on
amount and stage of the micro business unit:
[< Rs. 50000]
[Rs. 50000 – Rs. 5
[ Rs. 5 lakh – Rs.10
3 crore M.S.M.E
units employ more than 8 crore people and contribute 37%
to the GDP.
petroleum products, gems and jewellery, textiles,
chemicals, agriculture and
allied products, transport equipments, base metals and
machinery are the top
exports of india.
crude oil, chemicals, gold, electronic
and machinery are the top imports of India.
has highest share of Indian exports [45%],
Europe and USA [23%], Africa [6%] and then Commonwealth of
and Baltic’s [1%].
UAE and Hong Kong are top three export
Saudi Arabia, UAE, US are top import
inflows to India are maximum from Singapore and
Mauritius due to the double taxation avoidance
agreement with India. These are
followed by Netherlands and USA. Delhi, Maharashtra and
Karnataka were the top
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Petroleum Sector issues:
no global benchmark for gas prices a formula was suggested
for gas pricing
which would balance interests of both producers and
consumers. However a market
determined arms length price with an efficient regulator
is the only solution
to the pricing problem.
products must be used to construct gas pipelines which
would take this resource
to crucial parts of the country. The petroleum and LPG or
CNG / LNG should be
included in GST.
for the power sector has no customs duty but for other
sectors there is a duty.
This should be removed to create parity.
has a road
network of 52 lakh km which is 2nd largest
in the world. Out of
which highways are 1 lakh km and carry 40% of the traffic.
being implemented to increase share of waterways in
transport to 10% by
2019-20. Development of lighthouses as tourism
destinations is being promoted.
In addition to the 5 existing inland waterways, 106
additional waterways were declared as national
waterways for inland transport.
National fiber optic network to connect 2.5 lakh villages
GDP is from the service sector with financial
service having the largest share.
8th largest service exporter of the world.
Total service exports
were $150 billion with computer services having largest
share. $80 billion was
the share of services import.
Nadu is the top
state in terms of domestic tourist arrivals in India. France
is the highest in terms of international visitor’s
arrival and USA earns
highest in terms of revenue from international tourists.
and 68% by value of Indian trade is by sea.
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