Why the Economic Survey is important before presenting budget?

An economic survey is one of the flagship annual documents of the ministry of finance. It reviews the developments in the economic structure of India over the past 12 months. It encapsulates the performance of major development programs and also highlights the policy initiatives of the Indian government along with the growth of the economy in the short to medium-term perspective.

The first Economic Survey of India was presented in the year 1950-51. It was presented along with the union budget till 1964 after which it was segregated from the union budget.

News for 9 July, 2021

 

Important News for Today:

• New Law Minister Rijiju promises transparency

• [Important for: Polity]

• PM stresses local language education

• [Important for: Polity, Education]

• Cabinet extends Agri Infra Fund loans to APMCs

• [Important for: Economy, Polity]

• SEBI eases commodity contract rules

• [Important for: Business, Economy]

News for 8 July, 2021

 

Important News for Today:

• PTI challenges new IT rules in Delhi court

• [Important for: Polity]

• Jaishankar calls on Iranian President-elect

• [Important for: IP, IR]

• China fines Internet giants in anti-monopoly cases

• [Important for: World Polity]

• Auto segments set for double-digit growth: SCL

• [Important for: Business]

News for 7 July, 2021

 

Important News for Today:

• Amid Cabinet reshuffle buzz, a slew of gubernatorial changes

• [Important for: Polity]

• TS to continue struggle for rights in Krishna water

• [Important for: Polity]

• IT rules: Centre asks SC to transfer pleas to itself

• [Important for: Polity, Computer & IT]

• A long struggle for medical bail

• [Important for: Polity]

News for 6 July, 2021

 

Important News for Today:

• ‘ONORC scheme in Delhi, Bengal soon’

• [Important for: Polity]

• Global investors flag some AatmaNirbhar reforms

• [Important for: Business, Economy]

• Delhi’s new skill university to incubate future job providers

• [Important for: Polity, Education]

• CoWin made open source: PM

• [Important for: IR, Health & Medicine]

• Israel looks to renew law that keeps out Palestinian spouses

• [Important for: World Polity]

 

News for 11 June, 2021

Important News for Today:

• Sedition case against Lakshadweep activist Aisha Sultana for calling administrator Patel ‘bio-weapon’

• [Important for: Polity]

• MEA hints at talks with Taliban

• [Important for: IP, IR]

• Biden, Johnson seek to sign ‘new Atlantic Charter’

• [Important for: World Polity]

• Delta variant is taking hold of Europe: WHO

• [Important for: Health & Medicine]

• Centre to auction ‘major’ fields of ONGC, OIL

• [Important for: Business, Economy]

 

News for 5 May, 2021

Important News for Today:

• Raise oxygen allocation by 200 MT, State urges Centre

• [Important for: Polity, Governance, Essay]

• Govt. gives nod for 5G trials; Chinese tech giants left out

• [Important for: Polity, Governance, Essay]

• Scientists see flaws in SUTRA’s approach to modelling pandemic

• [Important for: Science & Tech.]

• G7 seeks common front on China

• [Important for: IP, IR]

• Europe court backs Turkish reporter

• [Important for: IP, IR]

• MFIs flag rural borrower distress to RBI

• [Important for: Economy, Business]

• ‘E-com, logistics, healthcare driving blue, grey collar jobs’

• [Important for: Economy, Business]

News for 1 May, 2021

Important News for Today:

• Sedition law: SC seeks Centre’s response

• [Important for: Polity, Indian Judiciary]

• Central govt. owes a special responsibility to Delhi: SC

• [Important for: Polity, Governance]

• Xi sends message to Modi, offers China’s help

• [Important for: IP, IR]

• Cinema’s journey, told in audio clips

• [Important for: Indian Cinema]

• Demand for MGNREGA work spikes in April

• [Important for: Economy, Programmes & Policies]

• ‘COVID-19 curbs to delay multiplexes’ recovery’

• [Important for: Economy, Business]

News for 7 April, 2021

Important News for Today:

• Justice Ramana will be the next CJI

• [Important for: Polity, Governance]

• U.S. to join talks to salvage Iran deal

• [Important for: World Polity]

• Russia calls for inclusive solution to Afghan crisis

• [Important for: IP, IR]

• India has U.S. as ally in fighting climate change, says envoy

• [Important for: IP, IR, Environment]

News for 5 April, 2021

Important News for Today:

• India’s manufacturing PMI declines to 7-month low of 55.4 in March

• [Important for: Business, Economy]

• India, UAE and Israel’s trilateral trade could reach $110 billion by 2030: Diplomats

• [Important for: IP, IR, Business]

• NASA’s Ingenuity helicopter dropped on Mars’ surface ahead of flight

• [Important for: Science & Technology, Space]

• Zydus Cadila seeks approval for ‘breakthrough’ Covid drug

• [Important for: Health & Medicine]