| Module A: Indian Economic Architecture | 1. Overview of Indian Economy • Evolution of Indian Economy • Basic Characteristics • Pre-British Economy • Economy till 2008 & post-2008 • Structural changes 2. Economic Planning in India • Definition, History, Objectives • Types of Planning • Achievements • Financial resources for 5-Year Plans 3. Sectors of Indian Economy • Primary, Secondary, Tertiary, Quaternary & Quinary • Different Revolutions (Green, White, etc.) • Sector differences & GDP contribution • Agriculture, Industry, Services • Employment in Secondary Sector • Sunrise Sector • Organised & Unorganised sectors 4. Priority Sector & MSMEs • Definition & Role of Priority Sector • Identified Priority Sectors • Priority Sector Lending Norms • MSME Definition, Role & Contribution to GDP • Initiatives: Atmanirbhar Bharat, Make in India, Start-up India, Stand-up India 5. Infrastructure & Social Infrastructure • Economic Development role • Energy, Power, Transport (Rail, Road, Aviation) • Social Sector: Health, Education, Family Welfare • Development of Health Infrastructure 6. Globalisation – Impact on India • Advocacy of Globalisation • Impact on India • Fair Globalisation & Policy Needs • Reverse Globalisation & Protectionism 7. Economic Reforms • Overview of Reforms • Transformation (Real Sector, Financial Sector) • Global Integration • Indian Economic Reforms 8. Foreign Trade Policy (FTP), FDI & FII • Structural Changes in 1990s FTP • FTP 2015–2020 • Challenges for upcoming FTP • FDI & FII – Trends • Economic Growth vs Development 9. International Economic Organisations • IMF, World Bank, WTO (India's role) • Regional Economic Co-operations • Recent Issues 10. Climate Change & SDGs • Core elements of Sustainable Development • Global Issues & Initiatives • India's Progress • CSR & Climate Action 11. Key Issues in Indian Economy • Poverty Alleviation • Jobless Growth • Rising Inequality • Migration & Resource Pressure • Remedies • Pandemic Challenges |
| Module C: Indian Financial Architecture | 1. Indian Financial System – Overview • Definition & Phases (Pre-1951, 1951–80s, Post-90s) • Narasimham Committee 1991 • Reforms (1992–2008) • Present Status 2. Indian Banking Structure • Development & Functions • Scheduled Commercial Banks – Types & Functions • Local Area Banks • RRBs • Cooperative Banks • Payment Banks & Small Finance Banks • NBFCs & RBI Guidelines 3. Key Banking Legislations • RBI Act, 1934 (Ch I–V, Schedules) • Banking Regulation Act, 1949 (Sec 1–56) 4. Development Financial Institutions (DFIs) • Evolution & Objectives • Post-Independence gaps • Classification & Role • Changing Role & Universal Banks • Institutions: IFCI, ICICI, IDBI, SIDBI, EXIM, NABARD, NHB, NaBFID 5. Microfinance Institutions (MFIs) • Evolution, Grameen Model • SHG–Bank Linkage, JLGs • Regulatory Framework & RBI Directions 2022 • Fair Practices Code 6. Non-Banking Financial Companies (NBFCs) • Evolution & Role in Inclusive Growth • Regulators, Classification, RBI Oversight • Types, Owned Funds & Net Owned Funds • Bank Finance, Fair Practice Code • Ombudsman Scheme, Scale Based Regulation (SBR) 7. Insurance Companies • History, Privatisation & FDI • Global & Indian Insurance • Penetration & Density • Number of Players • Legislations, Intermediaries, Reinsurance • Insurance Repository/Accounts 8. Regulators of Indian Financial System • RBI, SEBI, IRDAI, PFRDA – Roles 9. Reforms & Developments • Bad Banks • Infrastructure Financing • NaBFID • EASE Reforms |
| Module D: Financial Products & Services | 1. Overview of Financial Markets • Meaning, Evolution • Segments & Functions • Price Discovery 2. Money & Capital Markets • Call/Notice/Term Money • T-Bills, CDs, CPs • Repo, Tri-Repo, BRDS, LTRO 3. Debt/Fixed Income Markets • Govt Securities, Bond Valuation • Auctions, Primary Dealers • FIMMDA, RBI Retail Direct Scheme • Corporate Bonds, Inter-Corporate Deposits 4. Capital Markets & Stock Exchanges • Primary & Secondary Markets • SEBI Regulations • Capital Issues & Eligibility Norms • Intermediaries, ASBA, QIP 5. Forex Market • Profile & Evolution in India • Characteristics & Participants • LIBOR & ARRs • FEDAI, FEMA 1999 • FX-Retail Platform, USDX, ADR, GDR 6. Market Interconnection • Reasons, Importance & Levels • Integration in India • Asian Clearing Union • Interconnectedness (Money, Credit, Capital, Forex) • Integrated Treasury & Contagion Effect 7. Merchant Banking Services • Meaning & History • Development in India • Merchant vs Commercial Banking • SEBI Regulations & Codes of Conduct 8. Derivatives Market (incl. CDS) • Meaning, History, Size • Exchange Traded vs OTC • Forward, Futures, Options, Swaps, CDS • RBI Guidelines, ISDA Agreement 9. Factoring, Forfaiting & TReDS • Factoring – Types, Domestic/International, Pros/Cons • Forfaiting – Mechanism, Pros/Cons • TReDS – Participants, Process, Eligibility 10. Venture Capital • Concept, Evolution, Stages • Process, Regulatory Aspects • Modes, Pros/Cons, Exit Routes 11. Leasing & Hire Purchase • Leasing – Types, Pros/Cons, Market Share, Legal/Regulatory Aspects • Hire Purchase – Evolution, Legal Aspects, Parties • Leasing vs Hire Purchase 12. Credit Rating Agencies (CRAs) • Meaning, History, Importance • Benefits, Factors, Process • Symbols, Outlook • SEBI Regulations, Fees • Credit Scoring, CICs, Credit Rating vs Credit Score 13. Mutual Funds • Meaning, Evolution, Types • Functions, Management, Role • NFO, Risks, Riskometer, NAV • Expense Ratio, Load/No-Load • Strategies, Role in Capital Market • Alternative Investment Funds (AIFs) 14. Insurance Products • Meaning, Principles, Classification • Types, Group & Micro Insurance • Social Security Schemes, Bancassurance • Ombudsman Scheme, Govt Schemes (PMJJBY, PMSBY) 15. Pension Funds • Pension System & Products • EPF, PPF, Annuities • NPS & APY 16. Para-Banking & Financial Services by Banks • Types & Organisation • Activities • Commission/Remuneration Disclosure 17. REITs & InvITs • REITs – Meaning, History, Organisation, Types, Pros/Cons, Taxation • InvITs – Meaning, Rationale, Types, Revenue Model, Pros/Cons, Taxation |
