Many announcements from the Budget presented on July 10 have been implemented such as Swachh Bharat, financial inclusion and an expenditure management commission.
Under the plan being finalised, the ministry would largely target school drop outs for skilling.
The Centre should not have much difficulty in meeting its fiscal consolidation plan as the actual increase in tax devolution to states is only 3 to 4 per cent, said M Govinda Rao.
PSUs asked to hike IEBR projections, could enable Centre walk fiscal tightrope.
There are 66 CSS schemes implemented by the Centre and states and more than two dozen Central sector schemes that would now be included under DBT.
The exercise was based on the frame using the data of the Economic Census 2005 of the non-manufacturing, non-farm sector.
The move comes after the Standing Committee in its report suggested a rethink on many of the amendments.
M Govinda Rao, NIPFP and member, 14th Finance Commission believes that the government needs to cut down wasteful expenditure.
The loan amount would be either four times the average monthly balance or 50 per cent of credit summations in six months.
Inflation in manufacturing has tended to be lower than for other sectors.
The CSO has moved from the ‘establishment’ approach to the ‘enterprise’ approach while collecting manufacturing sector data.
Announcement likely in Union Budget if proposal passes muster.
Substitution of hazardous ‘process’ with ‘substance’ faces flak.
Arun Jaitley is likely to consider some sectoral tax sops to to boost manufacturing activity.
A small factory is proposed to be defined as “any premises wherein a manufacturing process is carried on and which employs less than forty workers.”
Country’s chief statistician TCA Anant cautions against comparing India’s growth rate with other countries.
The finance ministry last November announced a liberalised DR scheme that includes new asset classes.
Banks had also issued 10.99 crore RuPay debit cards while 4.12 crore accounts were also Aadhaar seeded.
The Centre’s fiscal deficit overshot its Budget target of Rs 5,31,177 crore by December, 2014.
"The higher growth rates points out that economy was not in as bad a shape over the last two years as was thought."
Till now, over Rs 55 crore of contributions from the fund have been allocated for construction of toilets in a number of states.
Another trade union leader said protests planned on Friday may lead to loss of output as “agitated workers are likely to rally against the stake sale
US President Barack Obama on Monday announced $1 billion dollar lending support to Indian small and medium enterprises through Overseas Private Investment Corporation.
Approvals are also in place for initial public offers in Hindustan Aeronautics Ltd and RINL.
The ministry of statistics and programme implementation carried out pilot preiodic labour force surveys between July 2011 and June 2013.
The first series of the index would be released on February 12 compiling the retail inflation data for January 2015.
The finance ministry had on Tuesday notified a 9.1 per cent interest rate for the scheme for 2014-15.
Plan expected to take into account declining global crude prices.
While no fresh PSUs can be added to the CPSE-ETF basket, official said that efforts are on to make it a more friendly product for retail investors.
The finance ministry and the RBI are understood to be finalising norms for international financial services centre.
Further scope for interest rate cuts dependent on success in meeting deficit targets.
PSUs were given a three-years time to comply with the norms last June.
Arvind Subramanian said economic dynamism in the medium run would turn to cooperative and competitive federalism between states.
Meanwhile, he also expressed hope that the proposed goods and services tax would be rolled out soon.
Interest rate is an important factor for a pick-up in investments.
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