{"id":1114,"date":"2019-01-29T16:17:29","date_gmt":"2019-01-29T10:47:29","guid":{"rendered":"https:\/\/www.classiciasacademy.com\/blog\/?p=1114"},"modified":"2019-01-29T16:22:28","modified_gmt":"2019-01-29T10:52:28","slug":"boost-agriculture-sector-through-credit-flows-pm-eac","status":"publish","type":"post","link":"https:\/\/www.classiciasacademy.com\/blog\/boost-agriculture-sector-through-credit-flows-pm-eac\/","title":{"rendered":"Boost Agriculture Sector Through Credit Flows: PM-EAC"},"content":{"rendered":"<h3><strong>In News:<\/strong><\/h3>\n<p>The Economic Advisory Council to the Prime Minister recently said that increased credit flows to agriculture sector will boost the sector.<\/p>\n<h3><strong>What Else Did EAC-PM Said?<\/strong><\/h3>\n<p><a href=\"https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/What-Else-Did-EAC-PM-Said.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1126\" src=\"https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/What-Else-Did-EAC-PM-Said.jpg\" alt=\"\" width=\"275\" height=\"183\" \/><\/a><\/p>\n<ul>\n<li>The Council also said that schemes like Mahatma Gandhi National Rural Employment Guarantee Scheme will bolster the agriculture sector.<\/li>\n<li>It cautioned the government not to deviate from the path of fiscal consolidation.<\/li>\n<li>It noted that the growth in global growth is slow to comedy and that emerging markets are providing the necessary growth momentum.<\/li>\n<li>It expects India to grow in the range of 7-7.5% which can be further increased by 1% with reforms to address structural problems in the economy.<\/li>\n<li>It commended the work of RBI in maintaining exchange rate even when there is volatility in crude oil prices.<\/li>\n<li>It further noted that there is an increase in financial savings and credit off take is growing. This is majorly to the services sectors from the private banks.<\/li>\n<li>It wanted the government to promote exports throughout support policy interventions.<\/li>\n<\/ul>\n<p style=\"text-align: left;\"><strong>Also, Read:<\/strong>\u00a0<a href=\"https:\/\/www.classiciasacademy.com\/blog\/microplastics-pollution-now-reached-to-groundwater\/\">Microplastics Pollution \u2013 Now Reached To Groundwater<\/a><\/p>\n<h3><strong>Prime Minister\u2019s Economic Advisory Council (PMEAC)<\/strong><\/h3>\n<p><a href=\"https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/Prime-Minister\u2019s-Economic-Advisory-Council-PMEAC.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-1128\" src=\"https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/Prime-Minister\u2019s-Economic-Advisory-Council-PMEAC-300x160.jpg\" alt=\"\" width=\"300\" height=\"160\" srcset=\"https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/Prime-Minister\u2019s-Economic-Advisory-Council-PMEAC-300x160.jpg 300w, https:\/\/www.classiciasacademy.com\/blog\/wp-content\/uploads\/2019\/01\/Prime-Minister\u2019s-Economic-Advisory-Council-PMEAC.jpg 308w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<ul>\n<li>It is constituted to advice to the Prime Minister in economic matters like macro economic issues, industrial output etc.<\/li>\n<li>Its major role is to be neutral while advising the PM in the matters of economic policy<\/li>\n<li>It is a non-constitutional body with a term parallel to that of the PM.<\/li>\n<li>The current Chairman of the Council is Bibek Debroy.<\/li>\n<li>It Publishes two reports annually &#8211; Economic Outlook and Review of the Economy of India.<\/li>\n<li>It also develops monthly reports on economic developments in the country and submits them to the PM.<\/li>\n<li>NITI Aayog is the nodal agency for PMEAC<\/li>\n<\/ul>\n<p><strong>Also, Read: <\/strong><a href=\"https:\/\/www.classiciasacademy.com\/blog\/sanh-study-nitrogen-pollution-in-south-asia-india\/\">SANH Secured Funding To Study Nitrogen Pollution in South Asia<\/a><\/p>\n<h3><strong>Conclusion<\/strong><\/h3>\n<p>The PMEAC is doing its part in the advisory role. The actual implementation of the recommendations is what is needed to helpboost the economic growth of the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>In News: The Economic Advisory Council to the Prime Minister recently said that increased credit flows to agriculture sector will boost the sector. What Else <a class=\"mh-excerpt-more\" href=\"https:\/\/www.classiciasacademy.com\/blog\/boost-agriculture-sector-through-credit-flows-pm-eac\/\" title=\"Boost Agriculture Sector Through Credit Flows: PM-EAC\">    [read more]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[98],"tags":[99,84],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boost Agriculture Sector Through Credit Flows: PM-EAC - UPSC Current Affairs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.classiciasacademy.com\/blog\/boost-agriculture-sector-through-credit-flows-pm-eac\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boost Agriculture Sector Through Credit Flows: PM-EAC - UPSC Current Affairs\" \/>\n<meta property=\"og:description\" content=\"In News: The Economic Advisory Council to the Prime Minister recently said that increased credit flows to agriculture sector will boost the sector. 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