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Budget 2018

Economic Survey 2017-18


and other Important
Facts and Figures in 2018
For NABARD Grade A RBI Grade B and UPSC

`
NABARD Grade A Material (Download PDF)

Budget and Economic Survey are crucial documents every aspirant of RBI Grade B,
NABARD Grade A and UPSC have to study, a considerable number of questions come
from these two documents alone. Most of the questions from these documents are
factual in nature and one must remember the maximum facts and data mentioned in
these documents to excel in the exams, this document is a sincere attempt to demystify
both these documents along with other important factual topics like GDP estimates by
various organizations in 2018, Ranking and Index; Important Loan Agreements between
India and various organizations in 2018 etc…to help the reader in remembering the facts
and data in a smart way.

S No Topic Page No

1 Budget 2018 3 – 10

2 Economic Survey 2017-18 12 – 17

4 Ranking and Index 18 – 26

5 Important Loan Agreements in 2018 27 – 29

6 GDP and Indian Economy growth estimates 30 – 31


by Various Organizations in 2018

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BUDGET 2018 – Facts and Figures at a Glance

Rs 21.57 Lakh
Revised Estimates of Budget Expenditure in 2017-18
Crore

USD 15 Billion per


Growth in Outward Direct Investment from India
year

Total amount to be spent by Ministries for creation of livelihood and Rs 14.34 Lakh
infrastructure in rural areas in 2018-19 Crore

Target of Institutional Credit to Agricultural Sector for 2018-19 Rs 11 Lakh Crore

Institutional Credit to Agricultural Sector achieved in 2017-18 Rs 10 Lakh Crore

Budgetary allocation for Infrastructure sector in 2018-19 Rs 5.97 Lakh Crore

Outlay
Bharatmala Pariyojana approved for completing 35000 Kms in Phase-1 to
Rs 5.35 Lakh Crore
improve road connectivity in interior, backward areas and border areas of
the country

MUDRA Yojana 2015 statistics as per 2018-19 budget Rs 4.6 lakh crore
76% accounts – Women from 10.38 crore
> 50% accounts – SC, ST and OBCs loans

Target for 2018-19 for lending under MUDRA Yojana Rs 3 Lakh Crore

Outlay
Under Smart Cities Mission 100 Cities have been selected
Rs 2.04 Lakh Crore

Railway Capital Expenditure for 2018-19 Rs 1,48,528 Crore

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Budgetary Expenditure on health, education and social protection in 2018-


Rs 1.38 Lakh Crore
19

Revitalizing Infrastructure and Systems in Education by 2022 scheme for Outlay


research related infrastructure investments in premiere educational Rs 1 Lakh Crore
institution over next 4 years

Dis-investment target for 2018-19 Rs 80,000 Crore

Projected Loans to Self Help Groups by March 2019 Rs 75,000 Crore

Rs 42,500 Crore
Total Loans to Self Help Groups in 2016-17

Outlay
187 projects have been sanctioned under Namami Gange Programme
Rs 16,713 Crore

Through Saubagya Scheme 4 crore households have been provided with Outlay
electricity connection. Rs 16,000 Crore

Establishment of Funds for


Total Corpus
Fisheries – Fisheries and Aquaculture Infrastructure Development Fund
Rs 10,000 Crore
Animal Husbandry – Animal Husbandry Infrastructure Development Fund

Budgetary allocation for creation and augmentation of telecom


Rs 10,000 Crore
infrastructure

Allocation of National Social Assistance Programme Rs 9975 Crore

Outlay for Textile Sector Rs 7148 Crore

Total outlay for National Rural Livelihood Mission in 2018-19 Rs 5750 Crore

Budgetary allocation of digital India programme Rs 3073 Crore

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96 deprived irrigation districts taken up under PM Krishi Sichai Yojana – Outlay


Har Khet Ko Pani Rs 2600 Crore

Agri – Market Infrastructure Fund for development of infrastructure of Outlay


22000 rural Haats and 585 APMCs Rs 2,000 Crore

Allocation for Ministry of Food Processing Industries in 18-19 Rs 1400 Crore

Bamboo termed as “Green Gold”, restructured bamboo mission Outlay


announced Rs 1290 Crore

Allocation for National Health Policy 2017 to build 1.5 Lakh health and
1200 Crore
wellness centers across the country

Amount allocated to support nutritional support to TB patients @ Rs 500


Rs 600 Crore
per month

“Operation Greens” – to address challenge of price volatility of Outlay


perishable commodities like Tomatoes, Onion and Potatoes Rs 500 Crore

Organized cultivation of highly specialized medicinal and aromatic plants Outlay


by FPOs and VPOs in large clusters of 1000 hectares will be encouraged Rs 200 Crore

100% exemption from tax for companies registered as Farmer Producer


Rs 100 Crore
Companies for a period of five years from 2018-19 with an annual turnover

Rs 15 Lakhs

Investment Limit under Pradhan Mantri Vaya Vandana Yojana enhanced

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Rs 5 Lakh per family


per year for
National Health Protection Scheme – AYUSHMAN Bharat to cover
secondary and
approximately 50 crore poor and vulnerable beneficiaries
tertiary
hospitalization

Exemption of Interest Income on deposits held with banks and post offices Up to Rs 50,000
held by Senior Citizens (existing Rs 10,000)

Deduction limit for health insurance or medical expenditure for senior


Rs 50,000
citizens

Standard deductions enhanced for Salaried Class Rs 40,000

Payments exceeding what amount in cash by Trusts and Institutions is


Rs 10,000
subject to tax

321 Crore Person


Days.
3.17 Lakh Kms of
Rural Roads.
Total employment created by expenditure of ministries for creation of
51 Lakh new rural
livelihood and infrastructure in rural areas in
houses.
18-19
1.88 Crore toilets.
1.75 crore new
household electric
connections.

Total tax payers at the beginning of the FY 2016-17 8.27 Crore

Food Grain Production 275 Million Tonnes

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Fruits and Vegetables Production 300 Million Tonnes

Revised target for free LPG connections distribution under Ujjwala 8 Crore
Scheme (earlier 5 Crore)

Proposal for providing Wifi hotspots in rural connectivity to 5 crore people


5 Lakh Wifi hotspots
in rural areas

Development and Upgradation of existing rural Haats into Gramin


Development of
Agricultural Markets to assist more than 86% of small and marginal
22000 Haats
farmers

Ganga Gram Villages on bank of river ganga declared open defecation


4465
free

Total length of track renewal targeted during 2018-19 3600 Kms

Prime Minister Research Fellow Scheme 2018, Btech Students will be


identified each year from premiere institutions and help them to pursue 1000 Btech students
PHDs from IITs with Handsome fellowships

Redevelopment of major Railway Stations 600

470 APMCs
Number of APMCs connected to e-NAM market, remaining by what
remaining by March
deadline
2018

Aspirational Districts selected by government of India for converting them 115 Aspirational
into model districts by improving them on various indices Districts selected

Archaeological Survey of India will be developing monuments to enhance 100 Adarsh


visitor experience Monuments

Total Mega Food Parks in the Country 42

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Number of prominent tourist destinations to be developed into iconic


10 destinations
destinations for boosting tourism

Key recommendation of FRBM Act accepted by GOI to bring down GOI


40%
debt to GDP ratio to

Reduced Corporate tax rate for companies with an annual turnover of Rs


50 Crore in FY 2015-16 and to companies with an annual turnover up to 25%
Rs 250 Crore in 2016-17

Growth of Direct Taxes in 2017-2018 till January 2018 18.7%

Growth of Direct Taxes in 2016-2017 12.6%

Percentage contribution from government of India towards wages of all


12%
new employees in EPF for all sectors for next three years

Proposal of Long Term Capital Gains on investments exceeding 1 Lakh Tax rate @ 10%

Social Welfare Surcharge of the aggregate duties of customs on imported


goods to provide additional assistance to social welfare schemes of the 10%
GOI

Proposal for Amendments to EPFO act to reduce women workforce EPFO


8%
contribution for first three years

“Health and Education Cess” on personal income tax, to take care of


4%
education and health care needs of people in BPL. Estimated increase in
(existing 3%)
collection of Rs 11,000 Crore

Fiscal deficit for 2018-19 3.3% of GDP

Investment Period extended under Pradhan Mantri Vaya Vandana Yojana March 2020

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New Delhi
Special Scheme to supports states in combating air pollution by Uttar Pradesh
subsidizing machinery for in-situ management of crop residue Punjab
Haryana

Facility extended to fisheries and animal husbandry farmers to help them


Kisan Credit Card
meet their working capital needs

School similar to Navodaya Vidyalayas for imparting better education to Eklavya Model
tribal children in their own environment by 2022 Residential School

Proposal to expand the airport capacity handling to 1 billion trips per year
NABH Nirman
under the scheme

United India
Insurance Co
National Insurance
Public Sector Insurance Companies to be merged into a single entity
Co
Oriental Insurance
Co

Education Cess and Secondary and Higher Education Cess abolished Import Goods

Central Board of
Change of Name of CBEC – Central Board of Excise and Customs Indirect Taxes and
Customs

Bamboo grown outside forest areas eliminated from definition of Trees

Fund under National Housing Bank funded from priority sector lending Affordable Housing
shortfall and full serviced bonds authorized by GOI Fund

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Modern train sets with state of art amenities and features to be Integrated Coach
commissioned in 2018-19 Factory, Perambur

Indigenous 5G test bed established IIT Chennai

April Monthly Current Affairs (Download PDF)

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February Monthly Current Affairs (Download PDF)

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Daily Current Affairs Question and Answers PDF

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Economic Survey 2017-18


Indian Economic Survey is published by Ministry of Finance

Global Economy is expected to accelerate at what rate in 2018 3.7%

Indian Economy growth forecast by Economic Survey for FY 2019 7-7.5%

Loans available under Kisan Credit Card for Small and Marginal Farmers 2% for a period up to
at Interest rate subvention of 6 months

Agricultural growth rate estimation for 2017-18 2.1%

What is the averaged Real Agriculture growth since 1960 2.8%

Averaged retail inflation in 2017-18 3.3%

3.3%
Consumer Price Index based headline inflation averaged
(lowest in 6 years)

Insurance Sector Penetration in India as in 2016 3.49%

India’s World Trade is projected at what percentage in 2018 4%

Industrial Growth rate in 2017-18 is estimated at 4.4%

GVA growth rate for agricultural and allied sector for 17-18 4.9%

GVA growth rate at basic prices in 2017-18 is expected at 6.1%

Fall in Income
For every 1 degree rise in temperature Kharif : 6.2%
Rabi : 6.0%

Compounded annual growth rate of Indian Logistics Industry 7.8%

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Service Sector estimated growth rate in 2017-18 8.3%

Gross NPA ratio of Scheduled Commercial Banks as in September 2017 10.2%

Gender Disparity in Agricultural land Holding by Women 12.8%

Rebate of State Levies (ROSL) has increased export of readymade


16%
garments (man-made fibers) by

Agriculture contribution to GDP as per ES 2017-18 16%

Climate Change could reduce average annual agricultural income by 15% to 18%

Climate Change could reduce annual agricultural income in un-irrigated


20% to 25%
areas by

Percentage of Agriculture Workers in total workforce by 2050 25.7%

Ratio of Domestic Savings to GDP in 2016 26%

Ratio of Gross Fixed Capital Formation to GDP 26.4%

Minimum budgetary allocation set by government of India for women


30%
beneficiaries across all schemes and developmental activities

Top 1% firms of India account for what percentage of total exports, which
38%
is less compared to many countries

Employment in Agriculture 49%

Percentage of Indian Population to be urbanized by 2050


50%
(as per World Bank)

GST has increased the number of Unique tax payers by what percentage 50%

Percentage of the net sown area under un-irrigated or rain fed 52%

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Internal Trade constituted what percentage of the GDP 60%

Sanitation coverage in rural areas has increased from 39% in 2014 to


76%
what percentage in 2017

Percentage of the firms which are purely informal in the country 87%

Balance Sheet Size of the NBFC sector as in September 2017 20.7 Lakh Crore

Total Interest Rate Subvention approved in 2017-18 Rs 20,339 Crore

Minimum Support Price of Onion till december 2017, export of which was
USD 850 per MT
allowed only on letter of credit

As per report Financial and Economic Impact of SBM in India it was


estimated by the UNICEF that an Open Defecation Free village in rural Rs 50,000
area saves how much amount per year

179.8 Million
Hectares
Net Cropland Area of India (9.6% of global NCA)

Production of Kharif Food Grains (expected) 134.7 million tonnes

Estimated Rice Production as per ES 2017-18 110.2 million MT

61.78 million hectares


Area sown under rabi crop during 2017-18
in January 2018

Number of Unique GST registrants as in December 2017 9.8 Million

Land brought under micro irrigation in 2017-18 (approximately) 8,40,000 hectares

3.3 Lakh MW
As per ES 2017-18 all India installed capacity of power generation
(approx)

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4.6 Crore households


– 177.8 crore person
days as in January

Employment generation in 2017-18 under MGNREGA act 2018


54% - women
22% - SC

17% - ST

Life expectancy increased by how many years between 1990- 2015 10 Years

Rank of India in terms of patent filing in the world 7th largest

Indian Tractor Industries have emerged as the largest in the world which
1/3rd
account for how much of world’s total tractor production

National Women Farmers’ day October – 15th

As per economic survey which are considered crucial in improving the Private Investments
climate for economic growth and Exports

Employment
Three Areas of Focus in the medium term, as per economic survey 2017-
Education
18
Agriculture

Coal, Crude Oil,


Natural Gas, Refinery

Eight Core Infrastructure Supportive Industries which have total weight of Products, Fertilizers,

40% in IIP Steel, Cement and


Electricity

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National Judicial Data


Digitalization of High Courts in the country
Grid

Feminization of
Increased rural to urban migration by men
Agriculture

Telangana
Tamilnadu
States which constitute 70% of the total Indian exports Karnataka
Maharashtra
Gujarat

Himachal Pradesh
Increase in Crop Diversification is observed in
and Jharkhand

Country with high FDI in India in 2017-18 Mauritius

Recognition
Resolution

The 4Rs to resolve Twin Balance Sheet Problem Recapitalization


Reform

NHB RESIDEX for 50 cities released every quarter launched in 2007 is National Housing
published by Bank

1 – No Poverty
2- Zero Hunger

7 sustainable goals focused by VNR report published by India in July 3- Good Health and

2017 Well Being

VNR – Voluntary National Reviews 5 – Gender Equality


9 – Industry,
Innovation and

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Infrastructure
14 – Life Below Water
17 – Partnership for
the Goals

Post Office Savings


Scheme

Small Savings Schemes amalgamated for better control and Social Security

implementation of the schemes Schemes


Savings Certificates

State with the largest share in exports of goods and services Maharashtra

Chairman of 15th Finance Commission N K Singh

Economic Survey 2017-18 is compiled by Arvind Subramanian

Pink
to lay special
Color of the Economic Survey emphasis on gender
and son meta
preference

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Ranking and Index in 2018

Publishing
Name of the Report Rank of India Rank - 01
Organization

VERY IMPORTANT RANKING AND INDEX

Global Phosphorous Water Resources 2nd China


Pollution Index Research

Global Firepower List 2017 Global Firepower 4th / 133 USA

Most Attractive Market for Pricewaterhouse


5th USA
Investments Coopers (PwC)

World Economic
Largest Economy in the
Outlook 6th USA
World
IMF

Commonwealth
heads of
government
Commonwealth Innovation United
meeting and WIPO 10th / 53
Index Kingdom

Japan –
12th in 52 lower middle
New Born Mortality Rate UNICEF Safest
income countries
Country

Global Wealthiest City New World Wealth Mumbai – 12th New York

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Global Manufacturing Index World Economic


30th / 100 Japan
2018 Forum

37th / 125

Global Startup Ecosystem Bengaluru, Mumbai and New USA


Startup Blink Delhi featured in the list
2017

Global Democracy Index Economic


42nd / 167 Norway
2017 Intelligence Unit

Global Intellectual Property US Chambers of


44th / 50 USA
Index 2018 Commerce

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Banking Study Room

General Knowledge Questions and Answers PDF

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Economic
Intelligence Unit
Inclusive Internet Index 47th / 86 Sweden
Commissioned by
2018 Facebook

MasterCard Women
MasterCard 52nd New Zealand
Entrepreneurs Index

62nd / 74 Developing Economies


World Economic Developing Lithuania
Inclusive Development Forum Countries Developed Economies
Index Category Norway

Oxford Poverty and


Human Andhra Pradesh at 51st
Global Multidimensional 66th
Development Position
Poverty Index Initiative

Fixed Broadband Fixed Broadband


67th Singapore
Speed test Global Index Mobile Internet Mobile Internet
Ookla
2018 109th Norway

World Economic Forum World Economic


78th / 114 Sweden
Energy Transition Index Forum

Global Corruption Transparency


81st / 180 New Zealand
Perception Index 2017 International

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Global Talent
World Economic
Competitiveness Index 81st / 119 Switzerland
Forum
2018

Heritage Foundation
Economic Freedom Index
American based 130th / 180 Hong Kong
2018
Think Tank

UN Sustainable
World Happiness Report
Development 133rd / 156 Finland
2018
Solutions Network

World Press Freedom Reporters without


138th / 180 Norway
Index – 2018 Borders

Switzerland
Environment Performance World Economic
177th / 180
Index 2018 Forum

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OTHER IMPORTANT RANKING AND INDEX

India’s Best Gram Digambarpur


Government of India ---
Panchayat Gram Panchayat,WB

IISc Bangalore
Best Overall Institution
IIT Madras
Best Engineering

National Institutional College


HRD Ministry ---
Ranking Framework IIM Ahmedabad
Best Management
Institution
AIIMS Delhi
Best Medical College

Best Performer Large


States
Kerala, Tamilnadu,
Healthy States Progressive
NITI Aayig --- Punjab
India Report
Best Performer Small
States
Mizoram

Forest and Tree Cover in India State of Forest


--- 10th in the world
India Report 2017

CSE – Centre for


Top Environment Think Think Tank and Civil ---
Science and
Tank of India Societies Program
Environment

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PM Narendra Modi is
Uttar Pradesh most popular
Top Ranked Facebook CM Yogi Lok Sabha Member
pages of Government Adityanath FB
Bodies, Ministries and page most and
Facebook Sachin Tendulkar most
Political Parties in India popular among
CMs of India popular
Rajya Sabha Member

Fastest Growing Nation for


Airports Council 2nd Vietnam
Air Passenger Traffic by
International (7.5%) (8.5%)
2022

Airport Council New Delhi Hartsfield Jackson


World’s Busiest Airport
International 16th Atlanta Airport USA

Changi Airport,
World’s Best Airport Skytrax, USA Mumbai – 63rd
Singapore

World’s busiest Dubai International


--- ---
International Airport Airport

Quality of Living Index Mercer Hyderabad, India Vienna, Austria

Most Trusted Brand of TRA Brands Trust


--- Google
India Report 2018

Fastest Growing IT
Services Brand in the Brand Finance --- TCS
World in 2018

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Top 100 Global Technology Thomson Reuters


--- Microsoft
Leaders Corp

Most Valuable Company in


Tata Consultancy
India in terms of Market BSE Data ---
Services
Capitalization

Most Valuable BANK in


India in terms of Market BSE Data --- HDFC Bank
Capitalization

Most Attractive Employer


Ranstad India --- Microsoft India
Brand in India

Most Expensive City in the Knight Frank Wealth


Mumbai – 16th Monaco
World Report 2018

Worldwide Cost of Living Economic


Bengaluru – 129 Singapore City
2018 Intelligence Unit

20th – Indira
Jaising
24th – Mukesh
Fortune Magazine Theo Epstein
Ambani
World’s Greatest Leaders
43rd – Balkrishna
2018
Doshi

China
Hurun Global Rich List Hurun Ltd 3rd
(819 Billionaires)

19th – Mukesh
Hurun Global Rich List Hurun Ltd Jeff Bezos
Ambani

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Most Vulnerable Country in Internet Security


terms of risk of cyber Threat Report 3rd USA
threats in 2017 Symantec

List of Countries facing


Kaspersky Labs 33rd ---
Web Borne Threats

City with best 4G


Open Signal --- Patna
availability

Global Largest Auto Market --- 4th China

ICC – Test Rankings ICC Virat Kohli – 2nd Steve Smith (Australia)

FIFA Rankings 2018 FIFA --- Germany

BWF World Ranking Kidambi Srikanth


BWF Viktor Axelsen
Badminton – 3rd

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Important Loan Agreements and MoUs


Signed by Signed with Loan Amount Purpose

Community led
landscape
World Bank Government of India USD 48 Million
management in
Meghalaya

Benefit of Small and


Marginal Farmers in
World Bank
Government of India USD 420 Million Marathwada and
IBRD
Vidarbha Dist of
Maharashtra

IBRD – USD 7.5


Paid up capital increased to
World Bank Billion
USD 13 Billion
IFC – USD 3.5 Billion

Rural Road
World Bank Government of India USD 210 Million connectivity in
Madhya Pradesh

Uttarakhand Water
World Bank Government of India USD 120 Million Supply for Peri-
Urban Areas

Innovate in India for


World Bank Government of India USD 125 Million
Inclusiveness Project

USD 125 Million National Biopharma


World Bank Government of India
(total 250 Million) Mission

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enhancing navigation
on National Waterway
World Bank Jal Marg Vikas Project USD 375 Million
– 1 from Varanasi to
Haldia

Nepal Earthquake
World Bank Nepal USD 300 Million
reconstruction

International Finance PNB Housing Finance Green Affordable


USD 800 Million
Corporation Limited Housing in India

Mahindra Renewables
Rewa Solar Park
International Finance Pvt Ltd
USD 440 Million Development
Corporation Acme Group
Actis LLP

Construction of all-
Asian Development weather roads in WB,
Government of India USD 250 Million
Bank MP, Assam, Odisha,
Chhattisgarh

Boost employability of
Asian Development
Government of India USD 80 Million youth in Himachal
Bank
Pradesh

Improve Railway
Asian Development
Government of India USD 120 Million Infrastructure in the
Bank
Country

Long term on-lending Improve Rural


NABARD Rs 80,000 Crore
portfolio Economy

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Irrigation and Rural


NABARD Odisha Rs 372.51
Bridge Projects

Rural Road
AIIB Government of India USD 140 Million Connectivity in
Madhya Pradesh

India top borrower of


AIIB Government of India AIIB @ USD 1.5 AIIB
Billion in 2017

Second Line of Credit


Indian Renewable
European Investment to finance Renewable
Energy Development EURO 150 Million
Bank Energy Projects in
Agency
India

To fund various
EXIM Bank of India 15-Nation group in Africa USD 500 Million development projects
in Africa

900 MW Arun III


State Bank of India Nepal Rs 80 Billion
Hydroelectric Project

Bangalore Water
Japan International
Government of India Yen 45 Billion Supply and Sewage
Cooperation Agency
Project

Government of Develop KKS Harbor


Government of India USD 45.27 Million
Srilanka in Srilanka

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GDP Estimates by Various Organization for 2018-19


Organization 2018-19 2019-20

International Monetary Fund


7.4% 7.8%
(World Economic Outlook)

World Bank 7.3% 7.5%

United Nations 7.2% 7.4%

7.4%
Real GDP (Governor

Reserve Bank of India 2017-18 Urjit Patel


6.6% estimated in a
recent report)

Economic Survey 2017-18 6.5% - 6.75% 7% - 7.5%

Asia Development Bank 7.3% 7.6%

Confederation of Indian Industry 7.3% - 7.7%

Organization for Economic Cooperation and


7.2%
Development (OECD)

HSBC 7% 7.6%

DBS Bank 6.6%

CRISIL 7.5%

National Council for Applied Economic Research


7.5%
(NCAER), Indian Economy Think Tank

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NOMURA 7.5%

FICCI 7.4%

Deutsche Bank 7.5%

IMF World Growth Estimate 3.6% 3.9%

Morgan Stanley 7.5% 7.7%

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