Economic Survey Current Affairs, GK & News

What is Economic Survey?

The economic survey for 2020-2021 will be tabled in the parliament on January 29, 2021 days before the presentation of Union Budget on February 1, 2021. Key Facts The Economic survey will be released with the focus on the impact of lockdown and COVID -19 on the economy. It is expected that, the survey will ..

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Fishing and Aquaculture exempted from Lock Down

On April 11, 2020, the Ministry of Home Affairs, exempted fishing and aquaculture industries from Lock Down. Earlier, the agricultural activities were exempted. Highlights The operations such as harvesting, packaging, processing, cold chain, hatcheries, commercial aquaria, movement of shrimp have been exempted from lock down. However, these industries have been directed to follow hygiene practices ..

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Odisha Mining Activity greatly affected due to COVID-19; 21 mines interrupted

With the COVID-19 spreading at faster rate in the country, GoI had extended the statutory permits of mines for smooth transition. In spite of this, several mines in Odisha are facing delays of resumption. Highlights The operations of 21 mines have been disrupted completely. The delay in resumption of merchant mines in the state is ..

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What is Counter Cyclical Fiscal Policy of GoI?

The Government of India has adopted “Counter Cyclical Fiscal Policy” in order to decrease the Economic Slow Down in the country. The Economic Chief Advisor Subramanian at the Express Adda event in Mumbai highlighted that Counter Cyclical Fiscal Policy is the only way forward to create additional fiscal headroom Highlights The GoI is in the ..

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India ranked third globally in number of new firms created

The Economic Survey 2019-20 presented on January 31, 2020 stated that India is ranked third globally in number of new firms created. It also revealed that as many as 1,24,000 new firms have been created in India in the year 2018 alone. The survey quoted this data on firm creation from the World Bank’s data ..

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