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.
Features of NITI NCAER:
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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 |
