Question
What does ‘The Economic Survey 2017’ point to?
Read the passage carefully to answer the questions that follow. Some of the words have been highlighted in bold to let you trace the words easily. The Union budget 2018 sounded more like an election manifesto. An election manifesto deals with promises for the future and at times, is also attributed as “election jumla”. There are two aspects of Budget 2018; one that gives direct and immediate benefit to the “haves” and the other that promises “chandamama” to the “have-nots”. Under the garb of encouraging Micro Small and Medium Enterprises, irrespective of their size, these immediate beneficiaries amount to 99 per cent of the companies filing returns. As a result of these tax benefits, the government will end up foregoing Rs 7,000 crore worth of tax revenue. Now, if we talk about the “have-nots” under healthcare, the National Health Protection Scheme promises five lakh insurance coverage to 50 crore people every year, which amounts to insurance to the value of 50 lakh crore per annum. The premium for the same, even at a minimal one per cent, could amount to Rs 50,000 crore per annum. This insurance scheme only covers hospitalisation and at present, only Rs 2,000 crore has been allocated for this. Given the current deficit of doctors, nurses, paramedical staff, medical colleges, supply of medicines, this scheme sounds like a 20-year programme, if you start it now. The target of doubling farmers’ income by 2022 also amounts to a “jumla”. In the last four years, farmer distress has increased insurmountably . In real terms, the farmers’ income and agriculture productivity has come down. The Economic Survey 2017 points to the fact that the average Gross Value Added (GVA) in agriculture of the last four years is merely 1.9 per cent. Given this, if farmers’ incomes have to be doubled by 2022, then you need a growth rate of at least 12 per cent per annum in agriculture, which seems highly unachievable.
More Reading Comprehension Questions
- Choose the word/group of words which is most opposite in meaning to the word/ group of word curtailment as used in passage
- In which two paragraphs has the use of money sent home from those working outside the village has been mentioned? 1) Paragraph 6 and Paragraph 2 2) Parag...
- What are the factors adding to the poor air quality as pointed out in the analysis by IIT-Kanpur last year?
- 1) an 2) a 3) the 4) At 5) To
- Statement: As per Norman Myers, not more than 6.8% of primary vegetation out of the original 182,500 sq km remains in the Western Ghats and Sri Lanka take...
- Why weren’t the photo albums destroyed?
- What was Shahid suffering from?
- Which of the following is similar to the meaning of the word ‘enforce’ as used in the passage?
- Which of the following is most similar in meaning to the word ‘procurement’ as used in the passage?
- Why does the Chief Economic Advisor feel that the stock prices are likely to be corrected?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)