Economics is a significant part of the UPSC Civil Services Exam. Important topics related to the Indian and world economy are given in below. These topics are related to government schemes, banking, finance, international organisations, agriculture, budget, Economic survey etc.
Economics Current Affairs of the Last One Year for the UPSC CSE
UPSC aspirants can go through the important economics-related current affairs topics given below. Certain old topics have been in the news, hence these topics have also been included as they are important for both the upcoming UPSC Preliminary and Main exams. Aspirants should also study the Union Budget and the recent Economic Survey. Both are very crucial for the UPSC Civil Services exam.
Important Economy Based Topics for the UPSC Civil Services Examination
| Economy Topics for UPSC 2022 | |
| Doubling Farmers’ Income | Bad Bank |
| National Asset Reconstruction Company Ltd. (NARCL) | Government Security
Acquisition Programme (G-SAP) 1.0 |
| Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest | Ways and Means
Advances (WMA) scheme |
| Small and Medium sized Companies (SMC) | ‘On tap’ Licences |
| Inflation targeting | Banks Board Bureau (BBB) |
| National Bank for Financing Infrastructure and Development Act, 2021 | Prompt Corrective Action Framework |
| Central Banks and Supervisors Network for Greening the Financial System
(NGFS) |
National Automated Clearing House (NACH) |
| Digital tax in India | IPO Grey Market |
| India’s public debt | Tax on EPF interest |
| Inverted duty structure | National Company Law Tribunal (NCLT) |
| Harmonised System of Nomenclature Code | Insolvency and Bankruptcy Code |
| Merchandise Exports from India Scheme (MEIS) | Index of Industrial Production (IIP) |
| Fiscal deficit | Fiscal Responsibility Budget Management |
| Fiscal Policy | Gross value added (GVA) |
| Gross Domestic Capital Formation (GDCF) | Goods & Services Tax (GST) |
| Development Finance Institution (DFI) | Zero coupon bonds |
| NBFC – Investment and Credit Companies (NBFC-ICCs) | Targeted Long term repo operation (TLTRO) |
| Open market operations (OMO) | Government security (G-Sec) |
| Credit default swap | Participatory Notes |
| Contingency Fund (CF) of the central bank | Priority Sector Lending (PSL) |
| Payments Infrastructure Development Fund (PIDF) | Cooperative banks under RBI |
| Special Economic Zone (SEZ)in India | Current account surplus |
| Currency Swap Arrangement | Forex reserves |
| Special Drawing Right (SDR) | Capital Adequacy Ratio (CAR) |
| Basel guidelines | Anti-Dumping Duty |
| National Infrastructure Pipeline (NIP) | National Investment and Infrastructure Fund (NIIF) |
| Fifteenth Finance Commission | Consumer Price Index (CPI) |
| Indian Banks’ Association (IBA) | Infrastructure Investment
Trusts (InvITs) |
| Nobel Prize in Economics 2021 | K-shaped recovery |
| Centre for
Monitoring Indian Economy (CMIE) report |
Social stock exchange (SSE) |
| Gig Economy | Financial Inclusion |
| Missing Middle | Microfinance |
| Cryptocurrencies | e-RUPI |
| RBI Retail Direct (RBI-RD) scheme | Reserve Bank – Integrated Ombudsman Scheme (RB-IOS) |
| South Korea’s ‘anti-Google’ law | Export Promotion of Capital Goods (EPCG) scheme |
| RBI’s Monetary Policy | . Global minimum tax |
| PM-KUSUM scheme | National Electric Mobility Mission Plan
(NEMMP) |
| PM GatiShakti | National Monetisation Pipeline (NMP) |
| Industrial Revolution 4.0 | Minimum support prices (MSP) |
| Sustainable Agriculture | Masala Bonds |
| Farmer producer organisations (FPOs) | Reserve Bank of India (RBI) |
| Wholesale Price Index (WPI) | Competition Commission of India (CCI) |
| Electoral Bonds | UNDP’s Multidimensional Poverty Index |
| Interest Equalisation Scheme (IES) | National Land Monetisation Corporation (NLMC) |
| SWIFT – Society for Worldwide Interbank Financial Telecommunications | NSE IFSC (NSE International Exchange) |
| Neo bank – Niyo | CRR, Repo Rate & Reverse Repo Rate |
| NABARD | Green hydrogen policy |
| Ethanol blending programme | Exchange-traded funds (ETFs) |
| Centre’s vision document on electronics | Rooftop solar programme |
| National Institution for Transforming India (NITI Aayog) | NPCI Bharat BillPay (NBBL) |
| Food Corporation of India (FCI) | National Payments Corporation of India (NPCI) |
| Securities and Exchange Board of India (SEBI) | New Labour Law In India 2021 |
| Micro, Small and Medium Enterprises (MSME) | Retail inflation |
| New rules for direct selling industry | Informal sector |
| Prompt Corrective Action (PCA) Framework | Logistics Ease Across Different States (LEADS) 2021 |
| National Bank for Financing Infrastructure and Development (NaBFID) | New wage rate index |
| FDI in the food processing sector | National Mission for Edible Oil – Oil Palm (NMEO-OP) |
| WTO and India’s sugar subsidies | Global Anti-Base Erosion (GloBE) Rules under Pillar II |
| Stagflation | Payment banks |
| Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme | Pradhan Mantri Kaushal Vikas Yojana (PMKVY) |
| Long Term Variable Rate Reverse Repo (LTRR) auctions | Small Finance Banks |
| IFSC (International Financial Service Centre) | Pradhan Mantri Ujjwala Yojana |
| Financial Inclusion Index | National Hydrogen Energy Mission |
| Ubharte Sitare Fund | Account Aggregator (AA) network |
| Financial Stability and Development Council (FSDC) | International Monetary Fund (IMF) |
| World Bank Group | Micro ATMs |
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