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Economic Survey 2017-18 Discussion

edited January 29 in Current Affairs
Economic survey is out. This is the best document for UPSC.

Discuss contents, ideas, catch phrases here.

Few phrases:


Crony socialism to stigmatised capitalism

Cooperative federalism as a technology for gst council

Meta child preference

ES this year was issued in pink colour.Pink-Color Economic Survey 2017-18 Highlights Gender Issues Against Backdrop of Development Beti Bachao, Beti Padhao; Sukanya Samridhi Yojana and Mandatory Maternity Leave are all Steps in Right Direction, Acknowledges Survey 




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The angels are lost in perpetual contemplation of an infinite glory.
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Comments

  • @IWRA thanks.
    And I will whisper 'no'.
  • Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.
  • 50% growth in number of indirect taxpayers
    History will be kind to me for I intend to write it.
  • Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.

    pdf
    pdf
    Economic Survey 2017-18 Vol_2.pdf
    18M
    The angels are lost in perpetual contemplation of an infinite glory.
  • IWRA said:

    Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.

    Volume 1 is more than 35MB. Forum won't allow to upload.
    The angels are lost in perpetual contemplation of an infinite glory.
  • IWRA said:

    IWRA said:

    Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.

    Volume 1 is more than 35MB. Forum won't allow to upload.
    Thank you. Link for download?
  • @IWRA Thank you so much for vol 2! Can you share vol1 link too? Its too tiresome to read chapterwise things!

    Bookmarked this thread! Lets keep this thread going! :)
  • IWRA said:

    IWRA said:

    Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.

    Volume 1 is more than 35MB. Forum won't allow to upload.
    Thank you. Link for download?
    couldn't find on net.

    You can download it from this telegram group.

    https://t.me/letscrackonline
    The angels are lost in perpetual contemplation of an infinite glory.
  • IWRA said:

    Economic survey is out. This is the best document for UPSC.

    Discuss contents, ideas, catch phrases here.

    Few phrases:


    Crony socialism to stigmatised capitalism

    Cooperative federalism as a technology for gst council

    Meta child preference

    ES this year was issued in pink colour.Pink-Color Economic Survey 2017-18 Highlights Gender Issues Against Backdrop of Development Beti Bachao, Beti Padhao; Sukanya Samridhi Yojana and Mandatory Maternity Leave are all Steps in Right Direction, Acknowledges Survey 




    Thanks @IWRA

    I think it would be better to read the PIB summery of economic survey. What's your opinion?
    BLOOD, SWEAT, COURAGE, GLORY.
  • IWRA said:

    Please share a single document for Volume 1 and Volume 2 and Appendix. Presently I can see only chapter-wise pdfs.

    Thanks...
  • “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.
  • One point which CEA made while answering a question on declining rural wage is that acreage area under both Rabi and Kharif season has declined; so there is low demand of rural labour which can be a possible reason for lower rural wages.
    The angels are lost in perpetual contemplation of an infinite glory.
  • IWRA said:

    Economic survey is out. This is the best document for UPSC.

    Discuss contents, ideas, catch phrases here.

    Few phrases:


    Crony socialism to stigmatised capitalism

    Cooperative federalism as a technology for gst council

    Meta child preference

    ES this year was issued in pink colour.Pink-Color Economic Survey 2017-18 Highlights Gender Issues Against Backdrop of Development Beti Bachao, Beti Padhao; Sukanya Samridhi Yojana and Mandatory Maternity Leave are all Steps in Right Direction, Acknowledges Survey 




    Thanks @IWRA

    I think it would be better to read the PIB summery of economic survey. What's your opinion?
    Go for full document and then for PIB.
    ES should be read like a love letter.
    The angels are lost in perpetual contemplation of an infinite glory.
  • Anyone read the section which talks about "Crony socialism to stigmatised capitalism" (Volume 1,Page no 28/162)

    How would you explain it, what it means?

    One explanation is this:

    India soon after Indpendence adopted socialistic model (characterised by License quota permit Raj) , where private players had little say in buisness, this behaviour continued till 1991..so socialistic pattern was chronic as it lasted for almost 4 decades...but after liberalizing Indian economy Indian capitalism grew faster , for eg : IT sector had very good governance model and it gave credibility to capitalism....but after 2000s, capitalist buisness model became stigmatised as it was marred by corrupt practices, eg : 2G spectrum, coal block allocation, land aquisition, environmental clearances etc

    So the current perception of Indian capitalism is "Capitalism without equity"




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    The angels are lost in perpetual contemplation of an infinite glory.
  • edited January 29
    jal said:

    “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.

    NO! What are you saying? GST council is not some panacea for such complex politico-economic issues! It just has some good procedure to resolve dispute regarding taxation etc by having voting power distribution. We already have institutions like Inter-State Council, how many issues have been resolved by it?

    Even GST consensus took more than a decade due to so many issues, why are you thinking that just having an institution will resolve these entrenched issues.

    State governments are not subsidiary to Union, that they will accept any reform pertaining to subject in their State List. Issues like electricity distribution is under State List, pricing/tariff is determined by various factors including political, geographical, developmental etc. which are different for different states. What will a common Council do in this? Why to fix something which is not broken. Remember our Union is already so strong, that giving more power to it will be so counterproductive.

    Why to involve other states in a Inter-state water dispute? How will a council help here? Resolving between 2parties has become so so difficult what will be achieved by inviting irrelevant parties here??

    Social benefit portability across states is definitely a nice policy, but even in this States would have problems. Because there is highly assymetric migration(up,Bihar -> Maharastra etc.) Who will pay for migrants, host or destination? What formula will work here? Both will resist the expenditure.

    Air pollution requires cooperation,but it should be regional. Why would Kerala/TamilNadu entertain in Delhi/UP air pollution discussion when there is no relation between these imo.

    For common agri market, there are various reasons why big producing states are averse to forgo 'selling in there own Mandis and earning revenue' to allow the food product to go in other states. because it gives them revenue and various vested interests. but yes, this issue should be resolved in a forum like GST council.
  • jal said:

    “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.

    NO! What are you saying? GST council is not some panacea for such complex politico-economic issues! It just has some good procedure to resolve dispute regarding taxation etc by having voting power distribution. We already have institutions like Inter-state council, how many issues have been resolved by it?

    Even GST consensus took more than a decades due to so many issues, why you thinking just having an institution will resolve these entranced issues.

    State government are not subsidiary to Union, that they will accept any reform pertaining to subject in their State List. Issues like electricity distribution is under state list, pricing/tariff is determined by various factors including political, geographical, developmental etc.which are different for different states. What will a common council do in this? Why to fix something which is not broken. Remember about Union is already so strong, that giving more power to it will be so counterproductive.

    Why to involve other states in a Inter-state water dispute? How will a council help here? Resolving between 2parties has become so so difficult what will be achieved by inviting irrelevant parties here??

    Social benefit portable across state is definitely nice policy, but even in this states will have problem. Because there is highly assymetric migration(up,Bihar -> Maharastra etc.) Who will pay for migrants, host or destination? What formula will work here? Both will resist the expenditure.

    Air pollution requires cooperation,but it should be regional. Why would Kerala/Tamil nadu entertain in Delhi/UP air pollution discussion when there is no relation between these imo.

    For common agri market, there are various reasons why big producing states are averse to forgo 'selling in there own Mandis and earning revenue' to allow the food product to go in other states. because it gives them revenue and various vested interests. but yes, this issue should be resolved in a forum like GST council.
    Good, I was also thinking on similar lines and hence posted this here for view of others.

  • though havent read the survey
    My understanding is that during Indira era socialism reached it's pinnacle. Rather than allowing the private sector to flourish, the govt brought legislations likr MRTP Act, Banks Nationalisation, License , Quota etc. But this instead of hurting the large players allowed them to prosper by monopolising licenses through bribing i.e. crony capitalism while smaller and new players failed for lack of license and money to manipulate the system. This all ended with LPG, but LPG brought it's own set of problems. There has been increase in economic inequality, environmental degradation, perceived apathy of the rich industrialists etc. Hence the term Stigmatised Capitalism
    signature
  • jal said:

    jal said:

    “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.

    NO! What are you saying? GST council is not some panacea for such complex politico-economic issues! It just has some good procedure to resolve dispute regarding taxation etc by having voting power distribution. We already have institutions like Inter-state council, how many issues have been resolved by it?

    Even GST consensus took more than a decades due to so many issues, why you thinking just having an institution will resolve these entranced issues.

    State government are not subsidiary to Union, that they will accept any reform pertaining to subject in their State List. Issues like electricity distribution is under state list, pricing/tariff is determined by various factors including political, geographical, developmental etc.which are different for different states. What will a common council do in this? Why to fix something which is not broken. Remember about Union is already so strong, that giving more power to it will be so counterproductive.

    Why to involve other states in a Inter-state water dispute? How will a council help here? Resolving between 2parties has become so so difficult what will be achieved by inviting irrelevant parties here??

    Social benefit portable across state is definitely nice policy, but even in this states will have problem. Because there is highly assymetric migration(up,Bihar -> Maharastra etc.) Who will pay for migrants, host or destination? What formula will work here? Both will resist the expenditure.

    Air pollution requires cooperation,but it should be regional. Why would Kerala/Tamil nadu entertain in Delhi/UP air pollution discussion when there is no relation between these imo.

    For common agri market, there are various reasons why big producing states are averse to forgo 'selling in there own Mandis and earning revenue' to allow the food product to go in other states. because it gives them revenue and various vested interests. but yes, this issue should be resolved in a forum like GST council.
    Good, I was also thinking on similar lines and hence posted this here for view of others.

    Thanks. Let's other give different views too if there is...
  • What is duty drawback? What is difference b/w Duty drawback and MEIS?
    The angels are lost in perpetual contemplation of an infinite glory.
  • do we need to read both vol?
  • what is this " cooperative federalism technology" ??
  • jaljal
    edited January 29
    IWRA said:

    What is duty drawback? What is difference b/w Duty drawback and MEIS?

    Duty Drawback is refund of custom and excise duties paid on raw materials used for export purpose. Suppose, If I ordered a nut from Europe , then I have to pay import duty on it. This adds overall cost of export of final product. To off set this , Duty is given back to exporter. Thus, Exporter can sell goods below the cost of production, or at no profit no loss and claim his money from duty drawback.

    MEIS is like an incentive for specific product or market. For example, if India needs trade diversification both in terms of goods and markets, it will incentives exporters to export those products and to those markets.
    It is like promotion scheme, while Duty Drawback is neutralisation scheme.
  • jal said:

    IWRA said:

    What is duty drawback? What is difference b/w Duty drawback and MEIS?

    Duty Drawback is refund of custom and excise duties paid on raw materials used for export purpose. Suppose, If I ordered a nut from Europe , then I have to pay import duty on it. This adds overall cost of export of final product. To off set this , Duty is given back to exporter. Thus, Exporter can sell goods below the cost of production, or at no profit no loss and claim his money from duty drawback.

    MEIS is like an incentive for specific product or market. For example, if India needs trade diversification both in terms of goods and markets, it will incentives exporters to export those products and to those markets.
    It is like promotion scheme, while Duty Drawback is neutralisation scheme.
    Thanks
    The angels are lost in perpetual contemplation of an infinite glory.
  • jal said:

    IWRA said:

    What is duty drawback? What is difference b/w Duty drawback and MEIS?

    Duty Drawback is refund of custom and excise duties paid on raw materials used for export purpose. Suppose, If I ordered a nut from Europe , then I have to pay import duty on it. This adds overall cost of export of final product. To off set this , Duty is given back to exporter. Thus, Exporter can sell goods below the cost of production, or at no profit no loss and claim his money from duty drawback.

    MEIS is like an incentive for specific product or market. For example, if India needs trade diversification both in terms of goods and markets, it will incentives exporters to export those products and to those markets.
    It is like promotion scheme, while Duty Drawback is neutralisation scheme.
    Nicely explained.
    Leaving forum for now. All the best to everyone!

    Rank 267 - CSE 2017.
  • jal said:

    jal said:

    “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.

    NO! What are you saying? GST council is not some panacea for such complex politico-economic issues! It just has some good procedure to resolve dispute regarding taxation etc by having voting power distribution. We already have institutions like Inter-state council, how many issues have been resolved by it?

    Even GST consensus took more than a decades due to so many issues, why you thinking just having an institution will resolve these entranced issues.

    State government are not subsidiary to Union, that they will accept any reform pertaining to subject in their State List. Issues like electricity distribution is under state list, pricing/tariff is determined by various factors including political, geographical, developmental etc.which are different for different states. What will a common council do in this? Why to fix something which is not broken. Remember about Union is already so strong, that giving more power to it will be so counterproductive.

    Why to involve other states in a Inter-state water dispute? How will a council help here? Resolving between 2parties has become so so difficult what will be achieved by inviting irrelevant parties here??

    Social benefit portable across state is definitely nice policy, but even in this states will have problem. Because there is highly assymetric migration(up,Bihar -> Maharastra etc.) Who will pay for migrants, host or destination? What formula will work here? Both will resist the expenditure.

    Air pollution requires cooperation,but it should be regional. Why would Kerala/Tamil nadu entertain in Delhi/UP air pollution discussion when there is no relation between these imo.

    For common agri market, there are various reasons why big producing states are averse to forgo 'selling in there own Mandis and earning revenue' to allow the food product to go in other states. because it gives them revenue and various vested interests. but yes, this issue should be resolved in a forum like GST council.
    Good, I was also thinking on similar lines and hence posted this here for view of others.

    @jal it is actually mentioned in the Survey!!! I thought you made the question yourself, and replied kinda assertively. :/

    May be, CEA has some ideas to make the council system work for these issues. but that was what I thought independently.
  • jal said:

    jal said:

    “cooperative federalism technology” of the GST Council could be used to create a common agricultural market, integrate fragmented and inefficient electricity markets, solve interstate water disputes, implement direct benefit transfers (DBT), make access to social benefits portable across states, and combat air pollution." - Eco Survey- Discuss.

    NO! What are you saying? GST council is not some panacea for such complex politico-economic issues! It just has some good procedure to resolve dispute regarding taxation etc by having voting power distribution. We already have institutions like Inter-state council, how many issues have been resolved by it?

    Even GST consensus took more than a decades due to so many issues, why you thinking just having an institution will resolve these entranced issues.

    State government are not subsidiary to Union, that they will accept any reform pertaining to subject in their State List. Issues like electricity distribution is under state list, pricing/tariff is determined by various factors including political, geographical, developmental etc.which are different for different states. What will a common council do in this? Why to fix something which is not broken. Remember about Union is already so strong, that giving more power to it will be so counterproductive.

    Why to involve other states in a Inter-state water dispute? How will a council help here? Resolving between 2parties has become so so difficult what will be achieved by inviting irrelevant parties here??

    Social benefit portable across state is definitely nice policy, but even in this states will have problem. Because there is highly assymetric migration(up,Bihar -> Maharastra etc.) Who will pay for migrants, host or destination? What formula will work here? Both will resist the expenditure.

    Air pollution requires cooperation,but it should be regional. Why would Kerala/Tamil nadu entertain in Delhi/UP air pollution discussion when there is no relation between these imo.

    For common agri market, there are various reasons why big producing states are averse to forgo 'selling in there own Mandis and earning revenue' to allow the food product to go in other states. because it gives them revenue and various vested interests. but yes, this issue should be resolved in a forum like GST council.
    Good, I was also thinking on similar lines and hence posted this here for view of others.

    @jal it is actually mentioned in the Survey!!! I thought you made the question yourself, and replied kinda assertively. :/

    May be, CEA has some ideas to make the council system work for these issues. but that was what I thought independently.
    Don't know why has he written it. What is the purpose of inter-state council then?
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