From UPSC perspective, the following things are important :
Prelims level: NITI NCAER States Economic Forum
Why in the News?
The Finance Minister is set to launch the “NITI NCAER States Economic Forum” portal.
About the NITI NCAER States Economic Forum Portal
- The “NITI NCAER States Economic Forum” portal is a comprehensive digital platform developed by NITI Aayog in collaboration with the National Council of Applied Economic Research (NCAER).
- It serves as a centralized repository of data, research reports, and expert commentary on state-level finances and social, economic, and fiscal parameters spanning from 1990-91 to 2022-23.
- The portal aims to facilitate evidence-based policymaking by providing users with easy access to key trends and insights on state performance.
- Its features include:
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- State Reports: Summarizes the macro and fiscal landscape of 28 Indian states. Structured around indicators on demography, economic structure, socio-economic, and fiscal parameters.
- Data Repository: Access to a comprehensive database categorized into 5 verticals: Demography; Economic Structure; Fiscal Data; Health; Education.
- State Fiscal and Economic Dashboard: Provides graphical representations of key economic variables over time; Includes summary tables and raw data for easy reference.
- Research and Commentary: Offers in-depth research reports and expert commentary on state finances, fiscal policy, and financial management; Supports long-term academic and policy research.
Significance:
- Benchmarking Capabilities: it enables comparison of state performance with national averages, fostering a competitive and cooperative approach to development.
- Data Accessibility: it bridges data accessibility gaps, ensuring that policymakers, researchers, and academics can make informed decisions based on reliable and comprehensive data.
- Promotes Transparency: By offering open access to detailed data, the portal enhances fiscal transparency and encourages cooperative federalism.
| [UPSC 2018] Consider the following statements:
1.The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments. 2.The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments. 3.As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct? (a) 1 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 |
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