Economic Survey Important Terms Part 1

By Anirudh Aggarwal|Updated : March 10th, 2018
  1. Annual Status of Education Report (ASER):

The report is released by the NGO Pratham. It is an annual survey that aims to provide reliable estimates of children's enrolment and basic learning levels for each district and state in India. It measures the learning outcomes based on parameters such as reading and comprehension, common calculations, daily tasks, map and general knowledge and financial calculations. ASER Survey has been conducted every year since 2005 in all rural districts of India. It is the largest citizen-led survey in India. ASER is a household-based rather than school-based survey.

  1. Aggregate Technical and Commercial (AT&C):

A T & C loss is nothing but the sum total of technical and commercial losses and shortage due to non-realisation of billed amount. Technical loss depends upon losses incurred from machinery (Transformers), lines and improper maintenance of plant and machinery etc. Commercial losses are losses due to reasons such as theft, meter bypassing, etc. 

The advantage of the parameter is that it provides a realistic picture of energy & revenue loss situation. The government has launched DDUGJY (Deen Dayal Upadhayay Gram Jyoti Yojana) and IPDS (Integrated Power Development Scheme) to reduce such losses.

  1. Domestic Tariff Area (DTA):

As per the Special Economic Zones Act, 2005, DTA means the whole of India (including territorial waters and continental shelf) but does not include the area of the Special Economic Zones.

The Domestic Tariff Area enables companies to set up manufacturing units that cater to the needs of the domestic market. SEZ is for export oriented units and not for domestic market.

A Unit can sell goods and services including rejects or wastes or scraps or remnants or broken diamonds or by-products arising during the manufacturing process or in connection therewith, in the Domestic Tariff Area on payment of Customs duties or Excise Duties, as the case may be.

  1. Electronic National Agriculture Market (e-NAM):

National Agriculture Market (NAM) is a Pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.

Small Farmers’ Agribusiness Consortium (SFAC) is the lead promoter of NAM. SFAC is a registered society of Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW) under Ministry of Agriculture and Farmer Welfare.

  1. Foreign Investment Promotion Board (FIPB):

The FIPB was a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route.

It acted as a single window clearance for proposals on FDI in India. The FIPB was housed in the Department of Economic Affairs, Ministry of Finance. FIPB was abolished on 24 May 2017.

 

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