02.04.2025
NITI NCAER States Economic Forum Portal
For Prelims: About NITI NCAER States Economic Forum Portal
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Why in the news?
Amid complaints by opposition-ruled states that they faced discrimination in the sharing of resources, the Union Finance Minister will launch the "NITI NCAER States Economic Forum" portal.
About NITI NCAER States Economic Forum Portal:
- It was developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER).
- It is a comprehensive repository of data on social, economic, and fiscal parameters, research reports, papers, and expert commentary on state finances for a period of about 30 years from 1990-91 to 2022-23.
- The portal has four main components, namely:
- State Reports - summarising the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, and socio-economic and fiscal indicators.
- Data Repository – offering direct access to the complete database categorised across five verticals, viz. Demography; Economic Structure; Fiscal; Health and Education.
- State Fiscal and Economic Dashboard – showcasing graphical representations of key economic variables over time and providing quick access to raw data through a data appendix or additional information through summary tables.
- Research and Commentary - draws on extensive research on State finances and critical aspects of fiscal policy and financial management at the State and national levels.
- The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and a user-friendly format; and will also address the ongoing need for consolidated sectoral data in one place.
- It will further help in benchmarking the data of each state against that of other States and the national figures.
- It will also provide a forum for policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.
- The portal will serve as a comprehensive research hub, offering a wealth of data and analytical tools for in-depth research studies.
- By leveraging historical trends and real-time analytics, users will be able to track progress, identify emerging patterns, and formulate evidence-based policies for development.
Source: The Hindu
Consider the following statements regarding NITI NCAER States Economic Forum Portal:
Statement-I: It was developed by National Council of Applied Economic Research (NCAER), in collaboration with the NITI Aayog.
Statement-II: It is a comprehensive repository of data on social, economic, and fiscal parameters, research reports, papers, and expert commentary on state finances for a period of about 30 years from 1990-91 to 2022-23.
Which one of the following is correct in respect of the above statements?
A.Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.
B.Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I.
C.Statement-I is correct, but Statement-II is incorrect.
D.Statement-I is incorrect, but Statement-II is correct.
Answer D