CHAPTER 02 PUBLIC FINANCE - PDF Free Download

FISCAL DEFICIT CHAPTER 02 PUBLIC FINANCE The fiscal outcome is because of Improved tax buoyancy Prudent expenditure management Declining oil prices Decline in the major subsidies Increased tax devolution to the states in-line with recommendations of 14 th FC Achieving highest increase in the capital expenditure

CHAPTER 02 PUBLIC FINANCE

GROWTH RATES CHAPTER 03 Monetary Management

THE CREDIT GROWTH CHAPTER 03 Monetary Management The decline is because of Incomplete monetary transmission Unwillingness on the part of banks to increase credit outflow Worsening corporate balance sheet More attractive interest rates for borrowers in bond market

CREDIT FLOW CHAPTER 03 Monetary Management

LIQUIDITY IN THE BANKS CHAPTER 03 Monetary Management Gross NPAs have increased to 5.1% of the total advances in September 2015 and the stressed assets are at 14% Banks require Rs 1,80,000 cr of capital and the GoI has announced that it would provide it Rs 70,000 cr in this year s as well as subsequent budgets

FPI REFORMS CHAPTER 03 Monetary Management Limits to be announced/fixed in value of rupees Limits on G-securities will be increased in phases to 5% of outstanding stock by march 2018 Aggregate FPI investments in any central government security would be capped at 20% These reforms are expected to open up room for additional investment of Rs 1200 bn in central government securities by march 2018 over and above the existing limit of Rs 1535 bn

ECB REFORMS CHAPTER 03 Monetary Management ECBs have been classified into three categories Medium term foreign currency denominated ECB Long term foreign currency denominated ECB Indian rupee denominated ECB

SOME OF THE REFORMS/POLICIES CHAPTER 03 Monetary Management

FOREIGN TRADE CHAPTER 04 EXTERNAL SECTOR

TRADE DEFICIT CHAPTER 04 EXTERNAL SECTOR

FTP 2015-20 CHAPTER 04 EXTERNAL SECTOR

NAIROBI PACKAGE CHAPTER 04 EXTERNAL SECTOR Public stockholding for food security purposes Special Safeguard Mechanism (SSM) for developing countries Commitment to abolish export subsidies for farm exports particularly from the developed countries Measures related to Cotton Preferential treatment to LDCs in the area of services The criteria for determining whether exports from LDCs may benefit from trade preferences

TPP CHAPTER 04 EXTERNAL SECTOR

EXTERNAL DEBT CHAPTER 04 EXTERNAL SECTOR

CPI & WPI CHAPTER 05 Prices Agriculture & Food

WPI VS CPI CHAPTER 05 Prices Agriculture & Food

AGRICULTURE & FOOD MANAGEMENT Share of agriculture in employment is 48.9% (2011-12) whereas the GDP contribution has been 17.4% (2014-15) 12 th FYP has envisaged an average growth of 4% CHAPTER 05 Prices Agriculture & Food Year Growth 2012-13 1.5% 2013-14 4.2% 2014-15 -0.2% 2015-16 1.1% Reasons for lower growth 66% of cultivable land is dependent on monsoon Two successive failures of monsoons Expansion of irrigation and its efficiency Volatility in the market prices Distortion in the cropping patterns

PRODUCTIVITY OR CROP YIELD CHAPTER 05 Prices Agriculture & Food

HOW TO INCREASE PRODUCTIVITY CHAPTER 05 Prices Agriculture & Food Increase in the share of irrigated areas Efficient use and suitable pricing of water Seed development to obtain new better varieties of seeds Mechanization of operations of agriculture addressing the concerns of GM crops Efficient use of fertilizers and pesticides Shifting to DBT in fertilizers and rationalization of subsidies in agriculture Credit access to farmers

HORTICULTURE CHAPTER 05 Prices Agriculture & Food

OTHER FACTS CHAPTER 05 Prices Agriculture & Food India is the largest producer of the milk India houses the second highest undernourished people-194.6 million (275 of the population). To counter the situation GoI has introduced various schemes such as PDS, NFSA, ICDS, Annapurna, Antyodaya etc The GoI decides the MSPs based on the recommendations given by CACP Since 2011, export of rice and wheat has been permitted Export of cotton is free without an restrictions

PERFORMANCE CHAPTER 06 Industries and Infrastructure Industrial growth was 5.9% in 2014-15. As per AE it could be 7.3% for 2015-16 The IIP attained a growth of 3.1% in 2015-16 The index of eight core industries grew by 1.9% Some sectors like electricity, coal, fertilizer, cement had a +ve growth whereas steel and aluminum had a ve growth Due to stagnancy in the global demand the, the export of steel into India has increased (India is the 4 th largest producer) Growth of credit to the industrial sector as slowed down

MSME SECTOR CHAPTER 06 Industries and Infrastructure Udyog Aadhaar Memorandum (UAM): Notified in September 2015 under section 8 of the MSME Development Act 2006 MSME entrepreneurs just need to file an online entrepreneurs memorandum to instantly get unique Udyog Aadhaar Number (UAN) The information sought is on self-certification basis and no supporting documents are required Employment Exchange for Industries: To facilitate match making between prospective job seekers and employers launched on June 15, 2015 Framework for Revival and Rehabilitation of MSMEs notified in May 2015 banks have to constitute a Committee for Distressed MSME enterprises at zonal or district level to prepare a Corrective Action Plan (CAP) for these units A scheme for Promoting Innovation and Rural Entrepreneurs (ASPIRE): launched on March 16, 2015 objective of setting up a network of technology centres and incubation centres to accelerate entrepreneurship and promote start-ups for innovation and entrepreneurship in rural and agriculture based industry

CHAPTER 06 Industries and Infrastructure

MAKE IN INDIA CHAPTER 06 Industries and Infrastructure

STARTUP POLICY(CONTD ) CHAPTER 06 Industries and Infrastructure

STARTUP POLICY CHAPTER 06 Industries and Infrastructure

CHAPTER 06 Industries and Infrastructure MEASURES FOR EASE OF DOING BUSINESS Process of applying for IL and IEM has been made online e-biz portal has been launched which has integrated 20 services Notification has been issued by DGFT to limit the number of documents required for export or import to 3 each MoHA has agreed to grant security clearances within 12 weeks Reforms in FDI sector and the defence goods with dual use have been de-licensed

CHAPTER 06 Industries and Infrastructure UDAY-UJWAL ASSURANCE DISCOM YOJANA 2004-05 2013-14 Losses Rs 11,699 Cr Rs 71,271 Cr Borrowings Rs 1,06,509 Cr Rs 4,59,145 Cr

UDAY (CONTD ) CHAPTER 06 Industries and Infrastructure The features are Optional for states State government to take up 75% of the debt of the discoms (50% in first year and 25% in the second year) The state government can issue bonds in the market Future losses to be taken in a graded manner Banks to stop issuing advances for discoms to finance their losses

UDAY (CONTD ) CHAPTER 06 Industries and Infrastructure Targets AT&C losses must be brought down to 15% by 2018-19 The gap between average cost and tariff must be bridged Benefits to states Receive additional benefits from the central government Additional/priority funding through certain schemes Supply of additional coal at specified prices Procurement of low cost power So far 12 states have signed up Worry for the states-increase in the fiscal deficit-8.5% (combined) and 4.8% (states)

LED PROGRAM IN 100 CITIES Has two components DELP SLNP CHAPTER 06 Industries and Infrastructure

CHAPTER 06 Industries and Infrastructure

URBAN DEVELOPMENT CHAPTER 06 Industries and Infrastructure

BULLET TRAIN CHAPTER 06 Industries and Infrastructure

INTRODUCTION CHAPTER 07 Services Sector Has remained the most vibrant sector in-terms of contribution to national and state incomes, trade flows, FDI inflows, employment etc As per a report by ILO-job creation in the coming years will mainly in the services sector Is the most attractive field for inflow of FDI In 2014-15 FDI in services sector has grown by a whopping 70% The trend has continued in 2015-16 and for the first seven months it has garnered around 74% GoI has made significant FDI policy changes in the recent times Various caps have been revised Limit of FIPB has been increased etc

CHAPTER 07 Services Sector INDIA S SERVICES TRADE Service exports grew from $16.8 bn (2001) to $155.6 bn (2014) India s share of global exports is 3.2% where as share of merchandise exports is 1.7% With volatile global conditions and weak global demand, the service exports grew at 4.1%(2014-15) compare to 4% in the previous year Post-crisis Pre-crisis Service Exports (CAGR) 7.5% 30.1% Service Imports (CAGR) 6.5% 23.6% The GoI has taken various measure to promote service exports SEIS scheme under new FTP 2015-20 GES (Global Exhibition Scheme) & Services Conclave have been organized to augment exports of various services Initiatives in tourism and shipping

CHAPTER 07 Services Sector TOURISM AND MEDICAL TOURISM Tourism not only contributes to the accumulation of forex reserves but also generates employment India s share of ITA is 0.7% India s share of ITR is 1.6% The growth in ITA and ITR s is decelerating because of drop in the number of tourists from high spending tourist originating from countries such as France, UK, Japan etc GoI has taken various initiative to promote tourism such as PRASAD scheme, e-tvs, Swadeshi Darshan scheme etc

E-TOURIST VISA CHAPTER 07 Services Sector

CHAPTER 07 Services Sector

CHAPTER 07 Services Sector MEDICAL TOURISM GoI has launched healthcare portal & Advantage Healthcare India. The portal is a comprehensive one-point information source & covers hospital related and travel related information Advantage Health Care India (AHCI) is an international summit which was held in New Delhi in October 2015

CHAPTER 07 Services Sector SUGGESTIONS e-tv window must be increased to 180 days and the visa must be extended to 60 days. Multiple point entry must be allowed Development tourism infrastructure through PPP and by channelizing CSR Support SMEs in tourism sector Need to address port infrastructure on war footing Promoting medical tourism under Brand India rather than doing it separately Rapid immigration clearances for medical tourists

CHAPTER 08 Climate Change CLIMATE CHANGE

CHAPTER 08 Climate Change

SOCIAL INFRASTRUCTURE CHAPTER 09 Social Infra, Employment and Health The social infrastructure scenario in the country reflects gaps in access to education, health and housing amenities The total expenditure on Social Services including Education, Health, Social Security, Nutrition, Welfare of SC/ST/OBC etc. during 2014-15 (RE) was 7 % of GDP while it was 6.5% during 2013-14. Education As per ASER (Annual Survey of Education Report) 2014, there is a sharp fall in the number of students of class V who could read a textbook of class II The gender parity has been achieved between girls and boys in all the levels of education (except higher education) GoI has introduced DBT in scholarships

SOCIAL INFRASTRUCTURE CHAPTER 09 Social Infra, Employment and Health Health The expenditure on health as a percentage of total expenditure on social services increased from 18.6% in 2013-14 to 19.3% in 2014-15 (RE) and 19.5% in 2015-16 (BE). Under five mortality has declined from 126 in 1990 to 49 in 2013 As per NFHS-4, the percentage of children fully immunized in the age group (12-23 months) is above 80 per cent in Sikkim and West Bengal. All the 12 states surveyed have more than 50 per cent children fully immunized. Rashtriya Bal Swasthya Karyakram (RBSK) and Rashtriya Kishor Swasthya Karyakram (RKSK) have been launched in 2013 and 2014 respectively Challenges-immunization coverage of children, health of pregnant women, declining role of public health delivery systems and the lack of adequate skilled personnel etc

RECOMMENDATIONS CHAPTER 09 Social Infra, Employment and Health Need to focus on the quality of education in both the public and private sectors. There is need for professionally qualified and trained teachers to improve educational outcomes. To strengthen the delivery of public health services and infrastructure facilities, both public investments and leveraging of private investments are necessary. The adoption of technology platforms and innovative models by leveraging JAM can improve the efficiency service delivery Inclusive growth in India requires bridging gaps in educational outcomes and improved health attainments across the population.

EMPLOYMENT CHAPTER 09 Social Infra, Employment and Health The proportion of economically active population (15-59 years) has increased from 57.7% to 63.3% during 1991 to 2013 The employment growth in the organized sector (Public and Private combined) increased by 2% in 2012 over 2011 The annual growth rate of employment for the private sector was 4.5 % in 2012 over 2011 whereas the public sector registered a marginal growth of 0.4 % in the same year. The total unemployment rate reported is 4.9% as per the Labour Bureau Survey. These figures are much higher than the all India unemployment rates of the National Sample Survey Office (NSSO, 2012-11) which reported unemployment rate of 2.7% for India as a whole.

UNEMPLOYMENT CHAPTER 09 Social Infra, Employment and Health

CHAPTER 09 Social Infra, Employment and Health

MEASURES CHAPTER 09 Social Infra, Employment and Health Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)-a placement-linked skill development scheme for rural youth who are poor, as a skilling component of the National Rural Livelihood Mission (NRLM) has also been launched. The National Policy on Skill Development and Entrepreneurshipaims to ensure Skilling on a large Scale at a Speed with high Standards and promote a culture of innovation based entrepreneurship to ensure sustainable livelihoods. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY)-proposes to cover 24 lakh Indian youth with meaningful, industry relevant, Skill Based Training Payment of Bonus (Amendment) Act 2015 National Career Services Portal Shram Suvidha Portal Universal Account Number Facility