Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Viksit Bharat Initiative – Statistical Transformation, Analysis and Research (VISTAR) scheme for the period of financial year 2026-27 to financial year 2030-31, with a financial outlay of Rs. 4,371.10 crore. This scheme, aligned with the central objectives of Viksit Bharat 2047, aims to establish a dynamic, agile, and future-ready official statistical architecture, promoting timely data availability, granular data classification, interoperability across systems, and harmonized, AI-friendly data sets. VISTAR will facilitate dynamic resource allocation based on immediate policy needs, fostering a holistic approach to conducting large-scale surveys, methodological research, digital transformation, and national data governance, encompassing all statistical and data management activities of the Ministry of Statistics and Programme Implementation to upgrade the country’s official statistical system. Its three key components include strengthening comprehensive statistical operations and ecosystem, support for statistical strengthening, and economic census, with plans for 59 surveys during the 16th Finance Commission period, full digitization of statistical processes, and incorporation of AI and Machine Learning for data processing, validation, and analysis.
For Banking, SSC, and RBI Grade B aspirants, this initiative is highly relevant under Polity & Governance as it signifies a major governmental push towards data-driven policy making and improved statistical infrastructure. Understanding VISTAR’s objectives, such as enhancing data quality, promoting interoperability, and integrating AI/ML in statistical processes, is crucial for questions related to government schemes, economic reforms, and administrative efficiency. The scheme’s focus on conducting more surveys, strengthening state-level statistical capabilities, and undertaking the 8th Economic Census will directly impact economic indicators and policy formulations, which are frequently tested in these exams to assess candidates’ awareness of national development strategies and their implications.
Source: PIB (Press Information Bureau)
Generated by AanyaAi for educational purpose.
2 comments on “Cabinet Approves VISTAR Scheme for Statistical Transformation”