BUDGET OVERVIEW OF THE ECONOMY T

Size: px
Start display at page:

Download "BUDGET OVERVIEW OF THE ECONOMY T"

Transcription

1

2 BUDGET OVERVIEW OF THE ECONOMY T he GDP grew at 6.3 per cent in the second quarter of and is expected to grow at per cent in the second half of Indian economy is now 2.5 trillion dollar economy seventh largest in the world. India is expected to become the fifth largest economy very soon. On Purchasing Power Parity (PPP) basis, we are already the third largest economy. Growth for is forecasted at 7.4 per cent by the International Monetary Fund (IMF). Exports are expected to grow at 15 per cent in Fiscal deficit target for is set at 3.3 per cent of the GDP. Fiscal deficit for is revised at 3.5 per cent of the GDP. GS M EN TO RS , /666 Budget

3 RS TO EN M GS GS MENTORS An Institute of Top IAS Trainers , /666 Budget

4 RS TO EN TAXATION PROPOSALS No change in tax slabs for the salaried class / individuals Standard deduction of Rs. 40,000 re introduced for salaried employees in lieu of transport and medical expenses. Education cess of 3% now increased as health & education cess to 4%. Budget proposes to tax long term capital gains (LTCG) exceeding Rs. 1 lakh at 10 per cent without indexation benefit. Electronic IT assessment will be rolled out across the country, leading to greater efficiency and transparency. For senior citizens, GS M Exemption of interest income on bank deposits raised to Rs. 50,000/ from 10,000/. Deduction of health insurance premium increased to Rs. 50,000/ from Rs. 30,000/ Deduction limit increased to Rs / for specified diseases from Rs /. To keep Mutual Funds on par with LTCG on sale of shares, Budget proposes to introduce tax on distributed income by equity oriented mutual funds at 10 per cent. Custom duty increased on Mobile phones, Television sets, Footwear, Truck & Buses Radial Tyres, etc. Education Cess and Secondary and Higher Education Cess on imported goods will be abolished and will be replaced by a Social Welfare Surcharge at the rate of 10 percent of the aggregate duties of customs. The name of the Central Board of Excise and Customs (CBEC) to the Central Board of Indirect Taxes and Customs (CBIC). Reduced tax rate of 25 per cent will be extended to companies which have reported a turnover of up to Rs 250 crore during This move is expected to benefit all the MSMEs operational in the country , /666 Budget

5 AGRICULTURE 1. MSP at 1.5 times of the cost Minimum Support Price (MSP) for all unannounced kharif crops will be at least one and half times of their production cost, similar to the majority of rabi crops. Cost of Cultivation The cost of cultivation of major crops was estimated using the cost concept defined by Commission of Agricultural Costs and Prices (CACP). These cost concepts are explained below: Cost A1 = All actual expenses in cash and kind incurred in production by the producer. The items covered in cost A1 are costs on: (i) hired human labour, (ii) hired bullock labour, (iii) owned bullock labour, (iv) home produced/purchased seed, (v) plant protection chemicals, (vi) home produced/purchased manure, (vii) fertilizers, (viii) insecticides and pesticides, (ix) depreciation on farm machinery, equipment and farm building, (x) irrigation, (xi) land revenue, land development tax and other taxes, (xii) interest on working capital, (xiii) interest on crop loan, and (xiv) miscellaneous expenses. Cost A2 = Cost A1 + Rent paid for leased in land Cost B1 = Cost A1 + Interest on value of owned capital assets (excluding land) Cost B2 = Cost B1 + Rental value of owned land (net of land revenue) and rent paid for leased in land Cost C1 = Cost B1 + Imputed value of family labour Cost C2 = Cost B2 + Imputed value of family labour Cost C2* = Cost C2 estimated by taking into account statutory or actual wage rate which ever is higher Cost C3 = Cost C2* + 10 per cent of Cost C2* to (on account of managerial functions performed by farmer) C2 = A1 (All actual expenses in cash and kind) + Interest on value of owned capital assets + Rental value of owned land + Rent paid for leased in land + Imputed value of family labour (FL) For rabi crop the government is using 50 per cent margin of cost A2+FL 2. Operation Greens It has been launched on the lines of Operation Flood with an outlay of Rs 500 Crore Operation Greens aims to promote farmer producers organisations, agri logistics, processing facilities and professional management. The operation aims to aid farmers and help control and limit the erratic fluctuations in the prices of onions, potatoes and tomatoes. It may help in doubling the income of farmers by the end of Gramin Agricultural Markets (GrAMs) To develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs) It will take care of the interests of more than 86% small and marginal farmers These GrAMs, electronically linked to e NAM and exempted from regulations of APMCs will Provide farmers the facility to make direct sale to consumers and bulk purchasers. Agri Market Infrastructure Fund with a corpus of Rs.2000 crore will be setup for developing and upgrading agricultural marketing infrastructure in the Grameen Agricultural Markets (GrAMs) and 585 APMCs. 4. Re structured National Bamboo Mission The Finance Minister termed Bamboo as Green Gold and launched Re structured National Bamboo Missionwith anoutlay of Rs.1290 crore to promote holistic growth of bamboo sector by adopting Budget An Institute of Top IAS Trainers , /666

6 area based, regionally differentiated strategy and to increase the area under bamboo cultivation and marketing. India has the second largest reserves of bamboo in the world. Leveraging this can spur gainful employment and income generation especially in states like Assam and the rest of North East India, which has 66% of India s bamboo reserves and where bamboo is an intrinsic part of the local culture. 5. Irrigation The Centre will work with the state governments to facilitate farmers for installing solar water pumps to irrigate their fields. Scope of the Long Term Irrigation Fund (LTIF) set up in NABARD for meeting funding requirement of irrigation works would be expanded to cover specified command area development projects Under Prime Minister KrishiSinchaiYojanaHarKhetKoPani (Ground water irrigation scheme) 96 deprived irrigation districts will be taken up with an allocation of Rs 2600 crore 6. Fisheries and animal husbandry The government also proposed to extend the facility of Kisan Credit Cards to fisheries and animal husbandry farmers to help them meet their working capital needs. A Fisheries and Aqua culture Infrastructure Development Fund (FAIDF) and an animal Husbandry Infrastructure Development Fund (AHIDF) will be started with a total corpus of Rs 10,000 crore. 7. LiberalisingAgri Exports India s agri exports potential is as high as US $100 billion against current exports of US $30 billion and to realize this potential, export of agri commodities will be liberalized. He also proposed to set up state of the art testing facilities in all the forty two Mega Food Parks. 8. Pollution Control A special Scheme to support the efforts of the governments of Haryana, Punjab, Uttar Pradesh and the NCT of Delhi to address air pollution in the Delhi NCR region by subsidizing machinery required for in situ management of crop residue. 9. Organic Farming Organic farming by Farmer Producer Organizations (FPOs) and Village Producers Organizations (VPOs) in large clusters, preferably of 1000 hectares each, will be encouraged. Women Self Help Groups (SHGs) will also be encouraged to take up organic agriculture in clusters under National Rural Livelihood Programme. Allocation of a sum of 200 crore to promote cultivation and associated industry of highly specialized medicinal and aromatic plants which are used to manufacture perfumes, essential oils and other associated products 10. Institutional Credit Increase in rural institutional credit to Rs 11 lakh crores would increase the volume and penetration of institutional credit and reduce the debt trap of small and marginal farmers by money lenders. However, challenges include timely availability, eliminating middle men between bank and farmer and inclusion in formal financing system and availability of credit without collaterals for marginal and small farmers. HEALTH SECTOR 1. Ayushman Bharat Programme Government has announced two major initiatives (Health and Wellness Centres and National Health Protection Scheme) as part of Ayushman Bharat programme to built a New India by Budget , /666 5

7 Health and Wellness Centres The National Health Policy, 2017 has envisioned Health and Wellness Centres as the foundation of India s health system. Under this 1.5 lakh centres will bring health care system closer to the homes of people. These centres will provide comprehensive health care, including for non communicable diseases and maternal and child health services. These centres will also provide free essential drugs and diagnostic services. The Budget has allocated Rs crore for this flagship programme. Contribution of private sector through CSR and philanthropic institutions in adopting these centres is also envisaged. National Health Protection Scheme (NHPS) NHPS (Ayushman Bharat Scheme) dubbed Modicare will cover over 10 crore poor and vulnerable families (approximately 50 crore beneficiaries) providing coverage upto 5 lakh rupees per family per year for secondary and tertiary care hospitalization. NHPS will have 50 crore beneficiaries, making it world s largest government funded healthcare programme to provide quality health cover to population larger than combined citizenry of US, UK, Germany and France. The Centre had drawn up health plan for the scheme in which 40% of fund for the scheme has to come from state. Under it, the central government will contribute Rs 2,000 crore to scheme out of a total cost of Rs 5,500 6,00 crore the remaining amount is to be paid by the state governments. 2. Nutritional support to TB patients Rs. 600 crore allocated as nutritional support for all TB patients at the rate of Rs. 500 per month for the duration of their treatment. 3. Enhanced accessibility of quality medical education and health care 24 new government medical colleges to be set up by upgrading existing district hospitals. At least one medical college every 3 parliamentary constituencies and at least 1 Government Medical College in each State of the country. EDUCATION SECTOR 1. Improvement in quality of teachers An Integrated B.Ed. programme to be initiated for teachers, to improve quality of teachers. The Right to Education Act has been amended to enable more than 13 lakh untrained teachers to get trained. Technology will be used to upgrade the skills of teachers through the recently launched digital portal DIKSHA. Government has proposed to increase the digital intensity in education and move gradually from black board to digital board. 2. Eklayva Model Residential School To provide education to tribals in their local environment by 2022, every block comprising more than 50 per cent of tribal population and at least 20,000 tribal people will have an Eklayva Model Residential School These schools will be on par with NavodayaVidyalayas. It will have special facilities for preserving local art and culture besides providing training in sports and skill development. 3. Revitalising Infrastructure And Systems In Education (RISE) RISE scheme aims to lend low cost funds to government higher education institutions. Budget An Institute of Top IAS Trainers , /666

8 It will be launched with a total investment of Rs. 1 lakh crore the next four years. It will be financed via restructured Higher Education Financing Agency (HEFA), a non banking financial company. Under it, all centrally funded institutes (CFIs), including central universities, IITs, IIMs, NITs and IISERs can borrow from a Rs 1,00,000 crore corpus over next 4 years to expand and build new infrastructure 4. Setting up two new Schools of Planning and Architecture (SPAs) The Centre has proposed setting up two new full fledged Schools of Planning and Architecture on challenge mode in the Union Budget The further proposed to establish 18 new SPAs under Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs) as autonomous schools, also on challenge mode. 5. Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM) Encouraging budding young innovators with Atal Tinkering Labs (ATLs) ATLs are innovation play work spaces for students between class VI to XII. Atal Innovation Mission (AIM): 2441 schools selected by AIM to establish ATLs and teachers trained. 6. Prime Minister Fellowship Scheme: 1,000 best B.Tech students each year from premier institutions will be identified and facilities to do Ph.D in IITs and IISc, with a handsome fellowship will be provided. 1. Rural Electrification RURAL DEVEVLOPEMENT A new scheme PradhanMantriSahajBijliHarGharYojana Saubhagya to ensure electrification of all willing households in the country in rural as well as urban areas. The beneficiaries for free electricity connections would be identified using Socio Economic and Caste Census (SECC) 2011 data. However, un electrified households not covered under the SECC data would also be provided electricity connections under the scheme on payment of Rs. 500 which shall be recovered by DISCOMs in 10 installments through electricity bill The Rural Electrification Corporation Lim ited (REC) will rem ain the nodal agency for the operationalisation of the scheme throughout the country. 2. Rural Housing Prime Minister Awas Yojana Govt. has fixed a target that every poor of this country may have his own house by For this purpose Prime Minister Awas Yojana has been launched in rural and urban areas of the country. Affordable Housing Fund (AHF) Government to establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority sector lending shortfall and fully serviced bonds authorized by the Government of India. 3. Rural Sanitation Gobar DhanYojna (Galvanizing Organic Bio Agro Resource Fund Scheme): The government announced a new scheme Gobar Dhan (Galvanizing Organic Bio Agro Resource Fund) scheme under its efforts to improve the lives of the villagers. The Government said that under this scheme, solid waste of dung and fields will be changed into compost, biogas and bio CNG. He said that under the vision of inclusive society formation, the government has identified 115 districts for development. Budget , /666 7

9 Bio CNG is a purified form of biogas with over 95% pure methane gas. It is similar to natural gas in its composition (97% methane) and energy potential. While natural gas is a fossil fuel, bio CNG is a renewable form of energy produced from agricultural and food waste. Bio CNG is being looked at as an environmentfriendly alternative to diesel. MEDIUM, SMALL AND MICRO ENTERPRISES AND EMPLOYMENT 1. Energizing Small Businesses for New India Rs crore to MSME Sector for giving credit support, capital and interest subsidy and innovations. Allocated Rs. 200 crores to support small and cottage industries manufacturing perfumes, essential oils and other associated products (because our ecology supports cultivation of highly specialized medicinal and aromatic plants) 2. CRISIL SIDBI MSE Sentiment Index CriSidEx, India s first sentiment index for micro and small enterprises (MSEs)developed jointly by CRISIL & SIDBI: CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive). The parametric feedback was captured through a survey of 1100 MSEs in November December. CriSidEx will have 2 indices, one for the survey quarter and another for the next quarter once a trend emerges after few rounds of the survey, providing independent time series data. The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies. And by capturing the sentiment of exporters and importers, it will also offer actionable indicators on foreign trade The first reading of CriSidEx stood at 107, indicating mildly positive sentiment during October December (or the survey quarter ). For January March 2018 (or the next quarter ), the sentiment is expected to be more positive. 3. Simplifying sanctioning of loans to MSMEs The government has proposed revamping the Trade Receivable Discounting System(TReDS) of sanctioning loans to SMEs by linking it with the GST Network (GSTN). This will help MSMEs with better management of working capital and faster discounting of the bills. Further, since the banks will have access to information on cashflows of MSMEs, they will pro actively provide loans as there will be no risk of fake bills. 4. Relief in NPAs treatment of MSMEs RBI has issued a notification allowing MSMEs borrowers to delay their loan payments up to 180 days, which is twice the mandated period, without being categorized as NPA. This measure will address the cash flow issues of MSMEs and meeting repayment obligations with banks and NBFCs. 5. Tax deductions Corporate tax rate reduced to 25% for companies which reported a turnover up to 250 crores in the FY Reduction will benefit macro, small and medium enterprises which account for 99% of companies filing their tax returns. 6. Defence Production Policy 2018 to promote MSMEs An industry friendly Defence Production Policy 2018 proposed to promote domestic production by public sector, private sector and MSMEs. Budget An Institute of Top IAS Trainers , /666

10 7. Skill development and employment opportunities National Apprenticeship Scheme with stipend support to give training to 50 lakh youth by Setting up of model aspirational skill centres in every district of the country under Pradhan Mantri Kaushal Kendra. Proposed outlay of Rs crore for the textile sector in to boost employment. Government will contribute 12% of the wages as EPF in all sectors for the next 3 years. TRANSPARENCY IN PUBLIC FNANCE 1. Public Financial Management System (PFMS) The Department of Expenditure is administering the Public Financial Management System (PFMS), which is an end to end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. It provides the scheme managers a unified platform for tracking releases and monitoring their last mile utilization. Government has decided to universalise the use of PFMS to cover all transactions/ payments under the Central Sector Schemes. The complete monitoring of these schemes will require mandatory registration of all Implementing Agencies (IAs) on PFMS and mandatory use of Expenditure, Advance & Transfer (EAT) module of the PFMS by all IAs. PFMS will progress towards a Government wide Integrated Financial Management System (GIFMIS) being administered by Controller General of Accounts, as a comprehensive Payment, Receipt and Accounting System. 2. The Government E Marketplace (GeM) The Ministry of Commerce & Industry has launched third version of the Government e Marketplace (GeM 3.0) in January The earlier version GeM 2.0 was launched as pilot project in August Government e Marketplace (GeM) is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government. It has been envisaged as National Procurement Portal of India. It aims to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industries. It is completely paperless, cashless and system driven e market place that enables procurement of common use goods and services with minimal human interface. GeM 3.0 will offer standardised and enriched catalogue management, powerful search engine, real time price comparison, template based Bid and RA creation, demand aggregation, e EMD, e PBG, user rating, advanced MIS and analytics and more. INFRASTRUCTURE 1. Road Infrastructure Ambitious Bharatmala Pariyojana has been approved for providing seamless connectivity of interior and backward areas and borders of the country. NHAI will consider organizing its road assets into Special Purpose Vehicles and use innovative monetizing structures like Toll, Operate and Transfer (TOT) and Infrastructure Investment Funds (InvITs). Toll Operate Transfer (ToT) Model Under the TOT model, stretches of national highway already constructed by the NHAI or a concessionaire will be bid out to the private sector. The NHAI can securitise the toll receivables by collecting upfront the concession fee. The private party (infrastructure developers, private equity, institutional investors like pension, wealth funds) will operate and collect toll on the stretch during the concession period. An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (ReITs) in features. InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector. Budget , /666 9

11 2. Railways Increase in use of technology like Fog Safe and Train Protection and Warning System and to eliminate 4267 unmanned level crossings in the broad gauge network in the next two years. Allocation of adequate funds under Rashtriya Rail SanrakshaKosh ( Safety First Policy) During the current fiscal year, over 3600kms of track targeted for renewal. First set of modern train sets with state of the art amenities and features will be commissioned during Government has taken steps to set up a specialized Railways University at Vadodara and institute of eminence. 3. Airways Regional connectivity scheme of UDAN (UdeDeshkaAamNagrik) to connect 56 unserved airports and 31 unserved helipads across the country. NABH Nirman: Airport Authority of India (AAI) has 124 airports. Government proposes to expand airport capacity more than five times under a new initiative. Disaster Resilient Infrastructure: To set up a Coalition on Disaster Resilient Infrastructure for developing international good practices, appropriate standards and regulatory mechanism for resilient infrastructure development are moving well. Rs. 60 crores given to kick start this initiative in Defence Sector Government is developing connectivity infrastructure in border areas: Rohtang tunnel has been completed to provide all weather connectivity to the Ladakh region. Contract for construction of Zozila Pass tunnel of more than 14 kilometer is under process. Construction of tunnel under Sela Pass is in proposal. 5. Digital Sector A national program will be initiated by NITI Aayog to increase efforts in the area of artificial intelligence. Mission on Cyber Physical Systems will be launched by the Department of Science & Technology under which centers of excellence for research, training and skilling robotics, artificial intelligence, digital manufacturing, big data analysis, quantum communication and internet of things will be established and promoted. 500,000 Wi Fi hotspots will be set up by government to provide internet connectivity to over 5 million rural citizens. Every individual enterprise in India will be assigned a unique ID. 6. National logistics Portal The logistics department under the department of commerce is developing an online National Logistics Portal. This will address the long pending issue of gaps among the stakeholders such as logistics service providers, buyers, customs, railways, ports, airports, hinterland waterways, coastal shipping etc. The portal, if implemented successfully, will bring the relevant stakeholderson a single online platform and could reduce the logistics costs up to around 10%. PRAGATI (Pro Active Governance and Timely Implementation): PRAGATI is a multi purpose and multimodal platform aimed at addressing grievances of common man. It also aims at simultaneously monitoring and reviewing important Union government programmes and projects as well as projects flagged by State Governments. SOCIAL SECTOR 1. EPF contributions from women employees brought down from 12% to 8% for first 3 years. 2. All 16 crore accounts under PM Jan DhanYojana will be included under micro insurance and pension schemes. Budget An Institute of Top IAS Trainers , /666

12 3. A New Gold Policy is in the anvil whereby women can deposit their gold in the bank and earn interest in the range of 2.25% to 2.5%. 4. Pradhan Mantri Vaya Vandana Yojana (PMVVY): The budget proposed to open this scheme for investment till March Apart from extending the scheme s investment duration, the investment limit is also increased to Rs15 lakh from 7.5 Lakh per person. Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above. The Scheme can be purchased offline as well as online through LIC. Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years. The scheme is exempted from Service Tax/ GST. On death of the pensioner during the policy term of 10 year, the purchase price shall be refunded to the beneficiary. On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable. Loan upto 75% of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds. The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98% of the Purchase Price shall be refunded. Budget , /666 11

Press Information Bureau Government of India Ministry of Finance 01-February :06 IST Highlights of Budget

Press Information Bureau Government of India Ministry of Finance 01-February :06 IST Highlights of Budget Press Information Bureau Government of India Ministry of Finance 01-February-2018 14:06 IST Highlights of Budget 2018-19 Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament.

More information

Schemes announced in Budget

Schemes announced in Budget Schemes announced in Budget 2018-19 Agricultural Schemes Govt. will set up an agricultural market and infrastructure fund of Rs. 2000 crore to improve market connectivity. Kisan Urja Suraksha evam Utthaan

More information

Study-IQ education, All rights reserved

Study-IQ education, All rights reserved Copyright @ Study-IQ education, All rights reserved TIRELESSSOUL GauravGarg888 Q1) Which body in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers

More information

Schemes Launched in Budget Overview of such schemes

Schemes Launched in Budget Overview of such schemes Schemes Launched in Budget 2018-19 Overview of such schemes List of Schemes 1. National Health Protection Scheme 2. Operation Green 3. Eklavya School 4. Revitalising Infrastructure and Systems in Education

More information

Key Market Highlights (01/02/2018)

Key Market Highlights (01/02/2018) Key Market Highlights (01/02/2018) GSEC 10yr benchmark closed 18 bps higher at 7.6046% vs. previous day close of 7.4298%. 10yr benchmark tumbled, hitting a near two year high amid concerns over greater

More information

Shri Vishnu Engineering College for Women (Autonomous): Bhimavaram. Department of Management Studies UNION BUDGET 2018 ANALYSIS

Shri Vishnu Engineering College for Women (Autonomous): Bhimavaram. Department of Management Studies UNION BUDGET 2018 ANALYSIS Shri Vishnu Engineering College for Women (Autonomous): Bhimavaram Department of Management Studies UNION BUDGET 2018 ANALYSIS SESSION @ 01-02-18 The students of MBA had witnessed the live presentation

More information

Union Budget All About. Highlights

Union Budget All About. Highlights All About Union Budget 2018-19 Highlights Union Budget at a Glance 2018-19 Section wise highlights of Union Budget 2018-19 Schemes launched during Budget 2018-19 Table of Contents Budget at a Glance Major

More information

CMA Analysis of the Union Budget

CMA Analysis of the Union Budget CMA Analysis of the Union Budget 2018-19 On the macroeconomic front, post the uncertainties created by demonetisation and the efforts involved to streamline GST implementation, the recovery of economy

More information

BUDGET IAS BEE

BUDGET IAS BEE BUDGET 2018-19 IAS BEE TARGET PT 2018 A brief account of Indian economy: India is world s sixth largest economy by nominal GDP and third largest by purchasing power parity (PPP). India is a USD 2.5 trillion-dollar

More information

CURRENT AFFAIRS 1 st February 2018

CURRENT AFFAIRS 1 st February 2018 CURRENT AFFAIRS 1 st February 2018 1. Union Budget 2018-19: Complete Analysis Budget 2018 Takeaways- As per the FM in the Union Budget, India is expected to become the fifth largest economy very soon.

More information

Sector Proposal Impact Agriculture

Sector Proposal Impact Agriculture Agriculture Setting up an agricultural market fund with corpus of Rs 2,000 crore. Government emphasis is on generating higher incomes for farmers. MSP for Kharif crops to be 1.5X of cost of produce. Proposed

More information

Key highlights union budget

Key highlights union budget Key highlights union budget 2018-19 * Govt's health scheme to cover 10 crore poor families is world's largest government-funded health protection scheme. * Arun Jaitley proposed to tax long term capital

More information

SECTOR-WISE HIGHLIGHTS OF UNION BUDGET,

SECTOR-WISE HIGHLIGHTS OF UNION BUDGET, 1 Available at: http://indianexpress.com/article/business/budget/union-budget-2018-live-updates-highlights-of-arunjaitleys-fifth-budget-5047188/ February 01, 2018 SECTOR-WISE HIGHLIGHTS OF UNION BUDGET,

More information

Budget Gist

Budget Gist Budget 2018-2019 Gist CONTENTS Introduction India s current position Important focus areas of Budget 2018 Strengthening Agriculture and Rural Economy Cluster based development of agri-commodities and regions

More information

Highlights of Union Budget 2018

Highlights of Union Budget 2018 Highlights of Union Budget 2018 Why in news? Union Finance Minister presented the annual budegt in the Parliament. What are the highlights? Fiscal Prudence - Under the new GST regime, the last date for

More information

INTERIM UNION BUDGET 2019

INTERIM UNION BUDGET 2019 Lunawat & Co. INTERIM UNION BUDGET 2019 2Lunawat & Co. DIRECT TAX Income-Tax Slab Rates There is no change in income-tax slab rates Relief to tax payers Section 87A is being amended to provide relief to

More information

1 P a g e

1 P a g e 1 P a g e Budget (Part I): RBI Grade B 2018 Lok Sabha Speaker Sumitra Mahajan Finance Minister Arun Jaitley 1. India achieved an average growth of 7.5% in first three years of our Government. 2. Indian

More information

Part -5. For queries regarding my lecture:- -

Part -5. For queries regarding my lecture:-  - Part -5 For queries regarding my lecture:- Email- vironika.studyiq@gmail.com You can also follow me for updates and pdf: Instagram:- vironika_om Or Facebook:- VIRONIKA PRESENTED BY: VIRONIKA Bsc.(Hons.)

More information

Highlights of Budget

Highlights of Budget Highlights of Budget 2018-2019 INTRODUCTION India s current position: India achieved an average growth of 7.5% in last 3 years. IMF, in its latest Update, has forecast that India will grow at 7.4% next

More information

Visit us at Gosarkari.com

Visit us at Gosarkari.com Visit us at Union Budget 2019-2020 of India was presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. The knowledge about yearly Union Budget is very important

More information

BUDGET Review and Impact of The Union Budget on Equity Market & Debt Market

BUDGET Review and Impact of The Union Budget on Equity Market & Debt Market BUDGET 2018 Review and Impact of The Union Budget on Equity Market & Debt Market BUDGET The Union Budget 2018 was presented by the Finance Minister Arun Jaitley in the backdrop of a strong stock market

More information

NRI Sampark. Budget Special

NRI Sampark. Budget Special NRI Sampark Budget Special Dear NRI friends, February 20, 2018 Season s greetings from IDBI Bank. At the outset, I take this opportunity to share with you the special edition of NRI Sampark, a quarterly

More information

Union Budget February 1, For Internal Circulation only

Union Budget February 1, For Internal Circulation only Union Budget 2018-19 February 1, 2018 For Internal Circulation only Synopsis Key Takeaways Continuing the vision of the government Focus on agriculture and healthcare Fiscal roadmap delayed again Specific

More information

Hasmukh Adhia is the present finance secretary of India. (18/3/2018)

Hasmukh Adhia is the present finance secretary of India. (18/3/2018) Hasmukh Adhia is the present finance secretary of India. (18/3/2018) CONSIDER THE FOLLOWING STATEMENT REGARDING THE LOANS TO WOMEN SELF HELP GROUPS IN UNION BUDGET 2018-19 1) It increased to grow about

More information

NATIONAL SCHOOL : 1 : OF BANKING

NATIONAL SCHOOL : 1 : OF BANKING NATIONAL SCHOOL : 1 : OF BANKING BUDGET - HIGHLIGHTS - UNION BUDGET 2018-2019 Presented by Union Finance Minister Shri Arun Jaitley on 1st February, 2018 in Parliament, New Delhi. - FARM FOCUS : Crop MSP

More information

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA General Budget 2018-19 15 Pib.nic.in PRESS INFORMATION BUREAU GOVERNMENT OF INDIA HIGHLIGHTS OF BUDGET 2018-19 New Delhi, 01th February, 2018 12 Magha, 1939 Finance Minister Shri Arun Jaitley presents

More information

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET INTERIM BUDGET 2019-20 15 Pib.nic.in PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY

More information

Union Budget Complete Highlights

Union Budget Complete Highlights Union Budget 2018-19 Complete Highlights 1. Union Budget 2017-18 - Finance Minister Arun Jaitley presented Union Budget 2018-19 in Lok Sabha. It was 4th full year Budget of NDA government and 5th budget

More information

India Insights. CEO s perspective. Union Budget CEO s perspective. Analysing sectoral impact. Other key takeaways

India Insights. CEO s perspective. Union Budget CEO s perspective. Analysing sectoral impact. Other key takeaways India Insights Union Budget 2018-19 CEO s perspective Analysing sectoral impact Other key takeaways government held out a goal of doubling farmer income by 2022. Various allocations are intended to lay

More information

24 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

24 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Experience Next Generation Banking To kindle interest in economic affairs... To empower the student community... www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 24 th Year of

More information

Union Budget : Highlights

Union Budget : Highlights Post Budget Analysis: Commodity Market : Highlights Finance Minister, Mr. Arun Jaitley, presented his third Union Budget. With an eye on supporting the small tax-payers and small investors, the Minister

More information

BUDGET Contents

BUDGET Contents Budget 2018 Contents I. Agriculture andn Rural Economy II. MSP Approach Agricultural Marketing Gramin Agricultural Markets Agri-Market Infrastructure Fund PMGSY for connecting rural markets Organic Farming

More information

Modi govt boosts Middle Class, Farmers, Workers' Josh!

Modi govt boosts Middle Class, Farmers, Workers' Josh! Mission Elections 2k19 Modi govt boosts Middle Class, Farmers, Workers' Josh! b Hive Volume 06 ** February 2019 ** Issue 02 # Contents Humaare sarkar ki niyat saaf hai neeti, spasht hai aur nishtha atal

More information

28 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

28 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in

More information

BUDGET MCQ PART- I. Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget ?

BUDGET MCQ PART- I. Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget ? BUDGET MCQ PART- I Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget 2017-18? 1. 40 lakh crores 2. 30 lakh crores 3. 10 lakh crores 4. 20 lakh crores 5. None of

More information

Analysing the Union Budget for

Analysing the Union Budget for Analysing the Union Budget for 2018-19 What was special about this year s Budget? This year s Budget is the last full Budget of the Narendra Modi government. While electoral compulsions were expected to

More information

Highlights of Union Budget

Highlights of Union Budget Highlights of Union Budget 2017-18 The Budget broadly focussed on 10 themes viz. farming sector, rural population, the youth, the poor to name a few. The 2017 Union Budget, presented by Finance Minister

More information

Farmers and rural population

Farmers and rural population MARCH YOJANA Budget Union Budget, this year, was presented amidst a host of uncertainties. Demonetisation drive and imminent GST drive, new administration in U.S etc. made the whole exercise very challenging.

More information

Interim Budget Highlights and boosters

Interim Budget Highlights and boosters Interim Budget 2019-20 Highlights and boosters February 2019 While the global economy is battling with strong headwinds, India s economy is seeing a robust growth and is on the path to emerging as one

More information

Analysis of Union Budget February 02, 2018

Analysis of Union Budget February 02, 2018 Analysis of Union Budget 2018-19 February 02, 2018 Budget 2018-19 snapshot (Rs. In crores) Particulars FY15 FY16 FY17 FY18 (RE) FY19 (BE) Revenue Receipts (a) 11,01,472 11,95,025 13,74,203 15,05,428 17,25,738

More information

Welcome to Presentation of Twelfth Five Year Plan and Annual Plan Proposal Madhya Pradesh. May 11, 2012

Welcome to Presentation of Twelfth Five Year Plan and Annual Plan Proposal Madhya Pradesh. May 11, 2012 Welcome to Presentation of Twelfth Five Year Plan and Annual Plan Proposal Madhya Pradesh May 11, 2012 1 ACHIEVEMENTS OF ELEVENTH PLAN (ECONOMY) Targets and Achievement Sector Target for Growth Expected

More information

27 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

27 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in

More information

Budget Arun Jaitley

Budget Arun Jaitley Budget 2018-2019 Speech of Arun Jaitley Minister of Finance February 1, 2018 Madam Speaker, Section I Governance, Economy and Development 1. I rise to present the Budget for 2018-19. 2. Madam, four years

More information

Budget Arun Jaitley

Budget Arun Jaitley Budget 2018-2019 Speech of Arun Jaitley Minister of Finance February 1, 2018 Madam Speaker, Section I Governance, Economy and Development 1. I rise to present the Budget for 2018-19. 2. Madam, four years

More information

Union Budget : An Analysis

Union Budget : An Analysis Union Budget 2012-13: An Analysis -*Dr U.Subrahmanyam The Indian Finance Minister, Mr. Pranab Mukherjee presented the Union Budget 2012-13, in a scenario of world countries most of them in a serious crisis.

More information

Budget Arun Jaitley

Budget Arun Jaitley Budget 2018-2019 Speech of Arun Jaitley Minister of Finance February 1, 2018 Madam Speaker, Section I Governance, Economy and Development 1. I rise to present the Budget for 2018-19. 2. Madam, four years

More information

Key Features of Budget

Key Features of Budget Key Features of Budget 2017-2018 Why in news? The 2017 Union Budget was presented by Finance Minister Arun Jaitley on February 1 st, which is a month earlier than it is usually done. What were the key

More information

Budget Analysis CMA Ashok B Nawal

Budget Analysis CMA Ashok B Nawal Budget Analysis 2017-18 CMA Ashok B Nawal Discretionary Administration Policy & System Based Administration TRANSITION Favouritism Blanket & Loose Entitlements Transparency & Objectivity in Decision Making

More information

About Swadesh Darshan Scheme:

About Swadesh Darshan Scheme: MoU to promote Krishna Circuit General Studies-1 The PHD Chamber of Commerce and Industry (PHDCCI) and the Indian Yoga Association (IYA) signed a memorandum of understanding (MoU) today to facilitate interaction

More information

RBI FINANCING GIIDELINES FOR ROOFTOP GRID CONNECTED SOLAR PV SYSTEMS, 2015

RBI FINANCING GIIDELINES FOR ROOFTOP GRID CONNECTED SOLAR PV SYSTEMS, 2015 RBI FINANCING GIIDELINES FOR ROOFTOP GRID CONNECTED SOLAR PV SYSTEMS, 2015 Sl. No. Description Summary 1. Categories under priority sector Agriculture Micro, Small and Medium Export Credit Education Housing

More information

Kerala Budget Analysis

Kerala Budget Analysis 2.1% 4.3% 2.9% 5.2% 5.7% 4. 7.2% 6.7% 4.3% 6.6% 7.4% Kerala Budget Analysis The Finance Minister of Kerala, Dr. T.M. Thomas Isaac, presented the Budget for financial year on February 2, 2018. Budget Highlights

More information

SARATHI BANKING ACADEMY

SARATHI BANKING ACADEMY 1 Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non corporate, non-farm small/micro enterprises. These loans

More information

Union Budget February 2018

Union Budget February 2018 Union Budget 2018 February 2018 Union Budget 2018 Hon ble Finance Minister Arun Jaitley on February 1, 2018, presented the Union Budget for the financial year 2018-19. As Prime Minister Narendra Modi hinted

More information

Dose of populism retaining fiscal discipline. Union Budget Fiscal Deficit to drop to 3.3%

Dose of populism retaining fiscal discipline. Union Budget Fiscal Deficit to drop to 3.3% Union Budget 2018-19 Dose of populism retaining fiscal discipline As expected, this year s budget had all the hallmarks of being populist. Rural largesse, infra push, impetus to health care, standard deductions

More information

SUNIL CHOPRA & CO. Chartered Accountants

SUNIL CHOPRA & CO. Chartered Accountants 1 SUNIL CHOPRA & CO. Chartered Accountants 3, 1 st Floor, Mandar, 193, Turner Road, Bandra (W), Mumbai 400050 Tel: 022-26515394 / 95, Fax: 26515438 Email: sccoca@gmail.com INTERIM UNION BUDGET 2019-20

More information

Weekly GK Banking Capsule 2018

Weekly GK Banking Capsule 2018 1 Banking News Bharathi appointed as head of Corporation Bank P V Bharathi has been appointed as Managing Director and Chief Executive Officer of the Corporation Bank on 24 December 2018 She is at present

More information

General Studies Prelim 2011: Current Affairs: Indian Economy

General Studies Prelim 2011: Current Affairs: Indian Economy VISION IAS www.visionias.wordpress.com www.visionias.cfsites.org www.visioniasonline.com General Studies Prelim 2011: Current Affairs: Indian Economy GENERAL BUDGET 2011-12 www.visionias.wordpress.com

More information

Key highlights in a nutshell INDIA INTERIM BUDGET 2019

Key highlights in a nutshell INDIA INTERIM BUDGET 2019 Key highlights in a nutshell INDIA INTERIM BUDGET 2019 INTRODUCTION TO INDIA INTERIM BUDGET 2019 STATE OF ECONOMY - KEY ECONOMIC INDICATORS Indian economy estimated to achieve growth of 7.2% in 2018-19

More information

BUDGET: TABLE 1: BUDGET AT A GLANCE (Actuals) A. Revenue Receipts

BUDGET: TABLE 1: BUDGET AT A GLANCE (Actuals) A. Revenue Receipts BUDGET: 2018-19 TABLE 1: BUDGET AT A GLANCE (Rs. in crore) Items 2016-17 (Actuals) (RE) 2018-19 A. Revenue Receipts 41978 58168 55307 64269 B. Revenue Expenditure 39812 48819 43882 51185 Revenue Surplus

More information

20 th Year of Publication. A monthly publication from South Indian Bank.

20 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 20 th Year of Publication Experience

More information

Pradhan Mantri Awaas Yojana - Gramin (PMAY-G) Ministry of Rural Development Government of India

Pradhan Mantri Awaas Yojana - Gramin (PMAY-G) Ministry of Rural Development Government of India Pradhan Mantri Awaas Yojana - Gramin (PMAY-G) Ministry of Rural Development Government of India Presentation Plan 1 Erstwhile Indira Awaas Yojana (IAY) 2 Findings of Performance Audit of IAY by CAG 2014

More information

Mirae Asset Global Investments (India) Pvt. Ltd. Corporate Social Responsibility (CSR) Policy

Mirae Asset Global Investments (India) Pvt. Ltd. Corporate Social Responsibility (CSR) Policy Mirae Asset Global Investments (India) Pvt. Ltd. Corporate Social Responsibility (CSR) Policy 1 CONTENTS I. Introduction 3 II. Background. 3 III. Our Objectives... 4 IV. Activities enumerated in Schedule

More information

Salient points of the. Union Financial. Budget Contents. Foreword. 2 Fiscal and economic review. 3 Key policy announcements

Salient points of the. Union Financial. Budget Contents. Foreword. 2 Fiscal and economic review. 3 Key policy announcements Salient points of the Union Financial Budget 2017-18 Contents 1 Foreword 2 Fiscal and economic review 3 Key policy announcements 4 5 6 Direct tax proposals Indirect tax proposals Contact us Foreword With

More information

Delhi Budget Analysis

Delhi Budget Analysis Delhi Budget Analysis The Minister of Finance of Delhi, Mr. Manish Sisodia, presented the Budget for financial year on March 22, 2018. Budget Highlights The Gross State Domestic Product (GSDP) of Delhi

More information

Telangana Budget Analysis

Telangana Budget Analysis -5.8% -4.9% -2.9% 3.6% 6.8% 6. 6.1% 12.9% 6.2% 11. 8.6% 12.2% 10.2% 10.1% 11.1% 10.4% Budget Analysis The Finance Minister of, Mr. Eatala Rajender, presented the Budget for financial year on March 15,

More information

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN)

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN) Second Jharkhand State Road Project (RRP IND 49125) SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN) A. Sector Performance, Problems, and Opportunities 1. State context. The state of Jharkhand was

More information

SIDBI s Initiatives in. Sustainable Finance WE EMPOWER MSME

SIDBI s Initiatives in. Sustainable Finance WE EMPOWER MSME SIDBI s Initiatives in Sustainable Finance 1 An overview of Indian MSME MSME Sector Contribution to Indian Economy 8% of GDP of the country 45% of manufactured output 40% share in exports More than 8000

More information

Alternative Investments Introduction To Real Estate Investments

Alternative Investments Introduction To Real Estate Investments Alternative Investments Introduction To Real Estate Investments Growth( %) India: Growth Engine of the World Economy India is the Seventh largest country in the world in terms of GDP and third largest

More information

I N D E X YOJANA MARCH PROMOTING VALUE ADDED PRODUCTS RELIEF FOR THE ELDERLY WOMEN EMPOWERMENT AND THE BUDGET

I N D E X YOJANA MARCH PROMOTING VALUE ADDED PRODUCTS RELIEF FOR THE ELDERLY WOMEN EMPOWERMENT AND THE BUDGET I N D E X YOJANA MARCH 2018 1. PROMOTING VALUE ADDED PRODUCTS... 3 2. RELIEF FOR THE ELDERLY... 4 3. WOMEN EMPOWERMENT AND THE BUDGET 2018-19... 6 4. DECIPHERING THE EASE OF DOING BUSINESS INITIATIVES...

More information

Kerala Budget Analysis

Kerala Budget Analysis The Finance Minister of Kerala, Dr.T M Thomas Isaac, presented the Budget for Kerala for financial year on March 03, 2017. Budget Highlights The Gross State Domestic Product of Kerala for at current prices

More information

Honourable Prime Minister and Members of the National Development Council, It gives me immense pleasure to. attend the National Development Council

Honourable Prime Minister and Members of the National Development Council, It gives me immense pleasure to. attend the National Development Council Honourable Prime Minister and Members of the National Development Council, It gives me immense pleasure to attend the National Development Council meeting convened to discuss the Mid-term Appraisal of

More information

Corporate Social Responsibility (CSR) Policy

Corporate Social Responsibility (CSR) Policy KENNAMETAL INDIA LIMITED Corporate Social Responsibility (CSR) Policy (w.e.f. August 21,2015) 1 C O N T E N T S 1. Context 1.1. In the light of Companies Act, 2013 1.2. Objectives of the Policy 1.3. Definitions

More information

Performance highlights for the Quarter ended 30 th June 2016 Performance highlights of the Bank -June 16 [Q1] over June 15 [Q1]:

Performance highlights for the Quarter ended 30 th June 2016 Performance highlights of the Bank -June 16 [Q1] over June 15 [Q1]: Sector Bank Performance highlights for the Quarter ended 30 th June 2016 Performance highlights of the Bank -June 16 [Q1] over June 15 [Q1]: Parameter A Premier Public Sector Bank As at 30 June 15[Q1]

More information

International Journal of Academic Research ISSN: ; Vol.4, Issue-1(1), January, 2017 Impact Factor: 4.535;

International Journal of Academic Research ISSN: ; Vol.4, Issue-1(1), January, 2017 Impact Factor: 4.535; Compositional changes of public expenditure in Andhra Pradesh Dr.B.Lilly Grace Eunice, Assistant Professor, Dept. of Economics, Andhra University Visakhapatnam Mr.D.Narayana Rao, Lecturer, Girraj Govt.

More information

GOVERNMENT OF INDIA MINISTRY OF RURAL DEVELOPMENT DEPARTMENT OF RURAL DEVELOPMENT LOK SABHA STARRED QUESTION NO. 280 TO BE ANSWERED ON

GOVERNMENT OF INDIA MINISTRY OF RURAL DEVELOPMENT DEPARTMENT OF RURAL DEVELOPMENT LOK SABHA STARRED QUESTION NO. 280 TO BE ANSWERED ON O.I.H. *280. SHRI SUSHIL KUMAR SINGH: GOVERNMENT OF INDIA MINISTRY OF RURAL DEVELOPMENT DEPARTMENT OF RURAL DEVELOPMENT LOK SABHA STARRED QUESTION NO. 280 TO BE ANSWERED ON 03.08.2017 POVERTY ERADICATION

More information

Edelweiss Conference India 2025: Another Tryst with Destiny Indian Banking at Inflection Topical Themes

Edelweiss Conference India 2025: Another Tryst with Destiny Indian Banking at Inflection Topical Themes Edelweiss Conference India 2025: Another Tryst with Destiny Indian Banking at Inflection Topical Themes February 07, 2018 Reforms Set to Expand the Banking Opportunity Serving the Underserved Rural Banking

More information

CONTENTS SL. NO. PARTICULARS PAGE NOS. 1 Preamble 3. 2 CSR Mission 3. 3 Objectives 3. 4 Focus Areas 4. 5 Approach to Implementation 5.

CONTENTS SL. NO. PARTICULARS PAGE NOS. 1 Preamble 3. 2 CSR Mission 3. 3 Objectives 3. 4 Focus Areas 4. 5 Approach to Implementation 5. 1 CONTENTS SL. NO. PARTICULARS PAGE NOS. 1 Preamble 3 2 CSR Mission 3 3 Objectives 3 4 Focus Areas 4 5 Approach to Implementation 5 6 CSR Funds 6 7 Guiding Principles for constitution of CSR Committee

More information

Gram Panchayat Development Plan(GPDP) Ministry of Panchayati Raj

Gram Panchayat Development Plan(GPDP) Ministry of Panchayati Raj Gram Panchayat Development Plan(GPDP) Ministry of Panchayati Raj 1 Panchayat Statistics Avg. population per GP National Average population per GP: 3,416 No. of PRIs in the country : 2,56,103 No. of Gram

More information

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ***** HIGHLIGHTS OF INTERIM BUDGET

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ***** HIGHLIGHTS OF INTERIM BUDGET INTERIM BUDGET 2019-20 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ***** HIGHLIGHTS OF INTERIM BUDGET 2019-20 New Delhi, February 1, 2019 Magha 12, 1940 The key highlights of the Interim Budget 2019-20

More information

PRIORITY SECTOR LENDING - RRB

PRIORITY SECTOR LENDING - RRB PRIORITY SECTOR LENDING - RRB Priority Sector lending includes lending to those sectors that impact large sections of the population, the weaker sections and the sectors which are employment-intensive

More information

Union Budget

Union Budget 1 Rajnish Kumar Chairman State Bank of India Mumbai FOREWORD At the onset, let me congratulate the Hon ble Finance Minister for presenting a Budget that has contours of both work in progress and a new

More information

Odisha Budget Analysis

Odisha Budget Analysis -6.7% -0.4% 4.4% 1.3% 3.1% 1.8% 4.7% 5.4% 7.8% 7.8% 8.1% 9.3% 11. 10.7% 12.4% 8.2% 10.4% 7.1% 15. 15.1% Budget Analysis The Finance Minister of, Mr. Sashibhusan Behera, presented the Budget for financial

More information

Orientation Programme on Credit linked Capital Subsidy Scheme

Orientation Programme on Credit linked Capital Subsidy Scheme Orientation Programme on Credit linked Capital Subsidy Scheme Presentation by Shri N.K.Narula,Dy General Manager SIDBI, HYDERABAD MISSION of SIDBI To empower the Micro, Small and Medium Enterprises (MSME)

More information

Engineering & Technology in India

Engineering & Technology in India =================================================================== Vol. 1:5 December 2016 =================================================================== Micro Small and Medium Enterprise Sector in

More information

SMART LOGISTICS AND SUMMIT AWARDS, 2019 MARITIME GATEWAY 1

SMART LOGISTICS AND SUMMIT AWARDS, 2019 MARITIME GATEWAY 1 SMART LOGISTICS AND SUMMIT AWARDS, 2019 MARITIME GATEWAY 1 SCHEME OF PRESENTATION GST AN EVOLUTION @ 18 MONTHS GST FOR SHIPPING / LOGISTICS / EXPORTS 31 st & 32 nd GST COUNCIL MEETINGS DECISIONS TRADE

More information

Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 9) (Download PDF)

Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 9) (Download PDF) Examrace Examrace 289K Login & Manage Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 9) (Download PDF) (July 14, 2018) Unprecedented increase in Khadi sales

More information

India: A Budget grounded in socio-economic reality

India: A Budget grounded in socio-economic reality In Focus: India Budget Treasury Research Group For private circulation only India: A Budget grounded in socio-economic reality The Union Budget FY2019 was unveiled today amid considerable flux and uncertainties

More information

Economy This Week - 21st to 27th September 2018

Economy This Week - 21st to 27th September 2018 Economy This Week - 21st to 27th September 2018 MSME Bill opposed The government introduced MSME Development Amendment Bill 2018 This bill redefines the MSME sector based on revenue/turnover Micro up to

More information

FINANCIAL INCLUSION - INDIAN EXPERIENCE

FINANCIAL INCLUSION - INDIAN EXPERIENCE FINANCIAL INCLUSION - INDIAN EXPERIENCE Financial Inclusion (FI) Simplicity and reliability in financial inclusion in India, though not a cure all, can be a way of liberating the poor from dependence on

More information

BLOSSOM INDUSTRIES LIMITED

BLOSSOM INDUSTRIES LIMITED BLOSSOM INDUSTRIES LIMITED CIN: U31200DD1989PLC003122 Address: Village Jani Vankad,Nani Daman 396 210 (U.T.) Daman And Diu Blossom Industries Limited (CIN U31200DD1989PLC003122) CORPORATE SOCIAL RESPONSIBILITY

More information

Union Budget

Union Budget Union Budget 2018-19 2 nd February 2018 P. G. Joshi & Co. Chartered Accountants Mumbai Nagpur Pune #PGJBudget You merge yourselves in the void and disappear, and let new India arise in your place. Let

More information

Key Highlights - India Budget 2018

Key Highlights - India Budget 2018 Key Highlights - India Budget 2018 Habibullah & Co. Chartered Accountants India hcoca.com Foreword CA. Vivek Agarwal Managing Partner This Budget is expected to be the last of the Modi Government prior

More information

Interim Budget February

Interim Budget February Interim Budget 2019 February 2019 www.krayman.com Union Budget 2019 Hon ble Minister of Finance, Shri Piyush Goyal, presented the Interim Budget for the financial year ( FY ) 2019-20 on February 1, 2019.

More information

19 th Year of Publication. A monthly publication from South Indian Bank.

19 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 19 th Year of Publication SIB STUDENTS

More information

FISCAL STRATEGY PAPER

FISCAL STRATEGY PAPER REPUBLIC OF KENYA MACHAKOS COUNTY GOVERNMENT THE COUNTY TREASURY MEDIUM TERM FISCAL STRATEGY PAPER ACHIEVING EQUITABLE SOCIAL AND ECONOMIC DEVELOPMENT IN MACHAKOS COUNTY FEBRUARY2014 Foreword This Fiscal

More information

Scaling up investment in Infrastructure: The Indian experience

Scaling up investment in Infrastructure: The Indian experience Scaling up investment in Infrastructure: The Indian experience - Gajendra Haldea November 30, 2010 IMF, Washington Infrastructure Deficit Power 14% peaking deficit and 11% energy shortage; 27% T&D losses;

More information

West Bengal Budget Analysis

West Bengal Budget Analysis 0.3% 3. 2.3% 6.4% 5.9% 8.8% 8. 8. 11.4% 10.2% 11. 15. West Bengal Budget Analysis The Finance Minister of West Bengal, Dr. Amit Mitra presented the Budget for financial year on January 31, 2018. Budget

More information

Government Schemes. Pehal- A Max Life CSR initiative

Government Schemes. Pehal- A Max Life CSR initiative Government Schemes Pehal- A Max Life CSR initiative Know about Govt. Schemes and benefits from them Indian Government has announced Welfare Schemes for a cross section of the society, at all levels, from

More information

2. Role of Banks 2.1 Bank staff may help the poor borrowers in filling up the forms and completing other formalities so that they are able to get cred

2. Role of Banks 2.1 Bank staff may help the poor borrowers in filling up the forms and completing other formalities so that they are able to get cred Master Circular--Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) Banks should take the following measures to step up their advances to SCs / STs: 1. Planning Process 1.1 The District

More information

Rural Road Connectivity in India

Rural Road Connectivity in India www.swaniti.in Rural Road Connectivity in India The 12th Five Year Plan (2012-17) identifies rural connectivity as one of the key priorities to achieve rural poverty alleviation and development. With over

More information