Wednesday, March 20, 2013
Tuesday, March 19, 2013
National Film Awards 2013 Winners List
60th National Film Awards for the films released in the year 2012 have been announced. Here are the list of winners-
● Best Actor : Irfan Khan for Pan Singh Tomar and Vikram Gokhale for Anumati (Marathi).
● Best Actress : Usha Jadhav for Marathi film 'Dhag'.
● Best Hindi Feature Film : - Paan Singh Tomar.
● Best Film for Wholesome Entertainment: Vicky Donor & Ustad Hotel (Malayalam).
● Best Special Effects: Eega
● Best Non-Feature Film: Shepherd's of Paradise.
● Best Film on Environment: Black Forest (Malayalam).
● Best Telugu film: Eega
● Best Tamil film: Vazhakku En 18/9
● Best Hindi Film: Filmistan
● Best Investigative Film: Inshallah Kashmir
● Best Playback Singer: Shankar for Bolo Na (Chittagong).
● Best Song: Bolo Na (Chittagong).
● Best Choreography : Birju Maharaj (Viswaroopam).
● Best Art direction: Lalgudi Ilayaraja (Viswaroopam).
● Best Original Screenplay - Sujoy Ghosh (Kahaani).
● Best Dialogue Writer: Anjali Menon (Ustad Hotel).
● Best Sound Recording: Gangs of Wasseypur.
● Best Direction - Shivaji Lotan Patil (Dhag - Marathi Film).
● Best Editing: Celluloid Man (Non-feature section).
● Best Makeup Artist: Raja (Vazahkku En 18/9).
● Best Costume Designer: Poornima (Paradesi).
● Best Supporting Actor: Annu Kapoor (Vicky Donor').
● Best Supporting Actress: Dolly Ahluwalia (Vicky Donor).
● Best Film on Social Issues: Spirit (Malayalam).
Special jury mention for Parineeti Chopra (Ishaqzaade), Tanishta Chatterjee (Dekh Indian Circus) and Nawazuddin Siddhique (4 films).
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CURRENT AFFAIRS 2013,
DAILY DOSE
Manager (Engineering) in Hyderabad Metropolitan Water Supply and Sewerage Board (Notification No. 54/2011) Final Key
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KEY
Andhra Pradesh Budget 2013- 14 Highlights
Anam Ramnarayana Reddy, the Finance Minister of Andhra Pradesh on 18 March 2013 presented the budget for the year 2013-14 to the Andhra Pradesh legislature.
Budget 2013-14 of Andhra Pradesh at a Glance
• For the financial year 2013-14, government proposes an expenditure of 161348 crores Rupees. Non-plan expenditure is estimated at 101926 crores Rupees and Plan expenditure at 59422 crores Rupees.
• The estimated revenue surplus is 1023 crores Rupees and fiscal deficit is estimated at 24487 crores Rupees at 2.85 percent of GSDP
.
• First ever exclusive Agriculture action plan was presented to the Legislature.
• The revised estimates of 2012-13 indicate a revenue surplus of 1685 crores against the budgeted revenue surplus of 4444 crores Rupees. The fiscal deficit is estimated at.21129 crores Rupees which would be 2.86% of GSDP.
• The Gross State Domestic Product of Andhra Pradesh (GSDP) at current prices for the year 2012-13 as per the Advance estimates is 738497 crores rupees - an increase of 12.72 percent over the quick estimate of the GSDP of the previous year.
• The interest subvention scheme of Vaddileni Runalu is launched for the benefit of the farmers. An allocation of 500 crores rupees is made in the budget.
• A provision of 6128 crores rupees is proposed in year 2013-14 for Agriculture and Allied Sectors.
• The allocation for Social Welfare department is 4122 crores rupees in 2013-14. The allocation has been increased by 1445 crores Rupees over 2677 Rupees crores allocated in the year 2012-13.
• Five Districts i.e. Rangareddy, Hyderabad, East Godavari, Ananthapur and Chittoor are selected for implementation Aadhar Enabled Payment of all benefits in the first phase.
• Under the economic support schemes, Government is implementing the SC action plan so as to provide assistance to 66213 beneficiaries with an outlay of 423.86 crores rupees.
• For improving health infrastructure in tribal areas, Government have sanctioned buildings for (59) PHCs, (238) Sub-Centres and (19) CHNCs with a cost of 45.97 crore Rupees under NRHM.
Budget 2013-14 of Andhra Pradesh at a Glance
• For the financial year 2013-14, government proposes an expenditure of 161348 crores Rupees. Non-plan expenditure is estimated at 101926 crores Rupees and Plan expenditure at 59422 crores Rupees.
• The estimated revenue surplus is 1023 crores Rupees and fiscal deficit is estimated at 24487 crores Rupees at 2.85 percent of GSDP
.
• First ever exclusive Agriculture action plan was presented to the Legislature.
• The revised estimates of 2012-13 indicate a revenue surplus of 1685 crores against the budgeted revenue surplus of 4444 crores Rupees. The fiscal deficit is estimated at.21129 crores Rupees which would be 2.86% of GSDP.
• The Gross State Domestic Product of Andhra Pradesh (GSDP) at current prices for the year 2012-13 as per the Advance estimates is 738497 crores rupees - an increase of 12.72 percent over the quick estimate of the GSDP of the previous year.
• The interest subvention scheme of Vaddileni Runalu is launched for the benefit of the farmers. An allocation of 500 crores rupees is made in the budget.
• A provision of 6128 crores rupees is proposed in year 2013-14 for Agriculture and Allied Sectors.
• The allocation for Social Welfare department is 4122 crores rupees in 2013-14. The allocation has been increased by 1445 crores Rupees over 2677 Rupees crores allocated in the year 2012-13.
• Five Districts i.e. Rangareddy, Hyderabad, East Godavari, Ananthapur and Chittoor are selected for implementation Aadhar Enabled Payment of all benefits in the first phase.
• Under the economic support schemes, Government is implementing the SC action plan so as to provide assistance to 66213 beneficiaries with an outlay of 423.86 crores rupees.
• For improving health infrastructure in tribal areas, Government have sanctioned buildings for (59) PHCs, (238) Sub-Centres and (19) CHNCs with a cost of 45.97 crore Rupees under NRHM.
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DAILY DOSE
ASSISTANT EXECUTIVE ENGINEERS IN VARIOUS ENGINEERING SERVICES (Notification No. 41/2011) FINAL KEY
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KEY
Assistant Engineers in A.P.Public Health & Municipal Engineering Sub-Service (Notification No. 49/2011) Final Key
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KEY
Friday, March 15, 2013
Human Development Report-2013
The Human Development Index (HDI) was introduced in the first Human Development Report in 1990 as a composite measurement of development that challenged purely economic assessments of national progress.
This year the HDI report 2013, entitled The Rise of the South: Human Progress in a Diverse World, emphasizes on the unprecedented growth of developing countries, which is propelling millions out of poverty and reshaping the global system. It covers 187 countries and territories. Data constraints precluded HDI estimates for eight countries: Marshall Islands, Monaco, Nauru, the People's Democratic Republic of Korea, San Marino, Somalia, South Sudan and Tuvalu.
Norway, Australia and the United States lead the rankings of 187 countries and territories in the latest Human Development Index (HDI), while conflict-torn Democratic Republic of the Congo and drought-stricken Niger have the lowest scores in the HDI's measurement of national achievement in health, education and income. Yet according to the report Niger and the Democratic Republic of the Congo, despite their continuing development challenges, are among the countries that made the greatest strides in HDI improvement since 2000.
The new HDI figures show consistent human development improvement in most countries. Fourteen countries recorded impressive HDI gains of more than 2 percent annually since 2000—in order of improvement, they are: Afghanistan, Sierra Leone, Ethiopia, Rwanda, Angola, Timor-Leste, Myanmar, Tanzania, Liberia, Burundi, Mali, Mozambique, Democratic Republic of the Congo, and Niger. Most are low-HDI African countries, with many emerging from long periods of armed conflict. Yet all have made significant recent progress in school attendance, life expectancy and per capita income growth, the data shows.
Most countries in higher HDI brackets also recorded steady HDI gains since 2000, though at lower levels of absolute HDI improvement than the highest achievers in the low-HDI grouping.
Hong Kong, Latvia, Republic of Korea, Singapore and Lithuania showed the greatest 12-year HDI improvement in the Very High Human Development quartile of countries in the HDI; Algeria, Kazakhstan, Iran, Venezuela and Cuba were the top five HDI improvers in the High Human Development countries; and Timor-Leste, Cambodia, Ghana, Lao People's Democratic Republic and Mongolia were the HDI growth leaders in the Medium Human Development grouping.
The overall trend globally is toward continual human development improvement. Indeed, no country for which complete data was available has a lower HDI value now than it had in 2000.
When the HDI is adjusted for internal inequalities in health, education and income, some of the wealthiest nations fall sharply in the rankings: the United States falls from #3 to #16 in the inequality-adjusted HDI, and South Korea descends from #12 to #28. Sweden, by contrast, rises from #7 to #4 when domestic HDI inequalities are taken into account.
The new HDI rankings introduce the concept of the statistical tie for the first time since the HDI was introduced in the first Human Development Report in 1990, for countries with HDI values that are identical to at least three decimal points. Ireland and Sweden, each with an HDI value of 0.916, are both ranked seventh in the new HDI, for example, though the two countries' HDI values diverge when calculated to four or more decimal points.
The 2013 Report's Statistical Annex also includes two experimental indices, the Multidimensional Poverty Index (MPI) and the Gender Inequality Index (GII).
This year the HDI report 2013, entitled The Rise of the South: Human Progress in a Diverse World, emphasizes on the unprecedented growth of developing countries, which is propelling millions out of poverty and reshaping the global system. It covers 187 countries and territories. Data constraints precluded HDI estimates for eight countries: Marshall Islands, Monaco, Nauru, the People's Democratic Republic of Korea, San Marino, Somalia, South Sudan and Tuvalu.
Norway, Australia and the United States lead the rankings of 187 countries and territories in the latest Human Development Index (HDI), while conflict-torn Democratic Republic of the Congo and drought-stricken Niger have the lowest scores in the HDI's measurement of national achievement in health, education and income. Yet according to the report Niger and the Democratic Republic of the Congo, despite their continuing development challenges, are among the countries that made the greatest strides in HDI improvement since 2000.
The new HDI figures show consistent human development improvement in most countries. Fourteen countries recorded impressive HDI gains of more than 2 percent annually since 2000—in order of improvement, they are: Afghanistan, Sierra Leone, Ethiopia, Rwanda, Angola, Timor-Leste, Myanmar, Tanzania, Liberia, Burundi, Mali, Mozambique, Democratic Republic of the Congo, and Niger. Most are low-HDI African countries, with many emerging from long periods of armed conflict. Yet all have made significant recent progress in school attendance, life expectancy and per capita income growth, the data shows.
Most countries in higher HDI brackets also recorded steady HDI gains since 2000, though at lower levels of absolute HDI improvement than the highest achievers in the low-HDI grouping.
Hong Kong, Latvia, Republic of Korea, Singapore and Lithuania showed the greatest 12-year HDI improvement in the Very High Human Development quartile of countries in the HDI; Algeria, Kazakhstan, Iran, Venezuela and Cuba were the top five HDI improvers in the High Human Development countries; and Timor-Leste, Cambodia, Ghana, Lao People's Democratic Republic and Mongolia were the HDI growth leaders in the Medium Human Development grouping.
The overall trend globally is toward continual human development improvement. Indeed, no country for which complete data was available has a lower HDI value now than it had in 2000.
When the HDI is adjusted for internal inequalities in health, education and income, some of the wealthiest nations fall sharply in the rankings: the United States falls from #3 to #16 in the inequality-adjusted HDI, and South Korea descends from #12 to #28. Sweden, by contrast, rises from #7 to #4 when domestic HDI inequalities are taken into account.
The new HDI rankings introduce the concept of the statistical tie for the first time since the HDI was introduced in the first Human Development Report in 1990, for countries with HDI values that are identical to at least three decimal points. Ireland and Sweden, each with an HDI value of 0.916, are both ranked seventh in the new HDI, for example, though the two countries' HDI values diverge when calculated to four or more decimal points.
The 2013 Report's Statistical Annex also includes two experimental indices, the Multidimensional Poverty Index (MPI) and the Gender Inequality Index (GII).
The GII is designed to measure gender inequalities as revealed by national data on reproductive health, women's empowerment and labour market participation. The Netherlands, Sweden and Denmark top the GII, with the least gender inequality. The regions with the greatest gender inequality as measured by the GII are sub-Saharan Africa, South Asia and the Arab States.
The Multidimensional Poverty Index (MPI) examines factors at the household level that together provide a fuller portrait of poverty than income measurements alone. The MPI is not intended to be used for national rankings, due to significant differences among countries in available household survey data.
In the 104 countries covered by the MPI, about 1.56 billion people are estimated to live in multidimensional poverty. The countries with the highest percentages of ‘MPI poor' are all in Africa: Ethiopia (87%), Liberia (84%), Mozambique (79%) and Sierra Leone (77%). Yet the largest absolute numbers of multidimensionally poor people live in South Asia, including 612 million in India alone.
The Statistical Annex also presents data specifically pertinent to the 2013 Report, including expanding trade ties between developing countries, immigration trends, growing global Internet connectivity and public satisfaction with government services, as well as individual quality of life in different countries.
The Report also reviews key regional development trends, as shown by the HDI and other data:
• Arab States: The region's average HDI value of 0.652 is fourth out of the six developing country regions analysed in the Report, with Yemen achieving the fastest HDI growth since 2000 (1.66%). The region has the lowest employment-to–population ratio (52.6%), well below the world average of 65.8%.
• East Asia and the Pacific: The region has an average HDI value of 0.683 and registered annual HDI value growth between 2000 and 2012 of 1.31%, with Timor-Leste leading with 2.71%, followed by Myanmar at 2.23%. The East Asia-Pacific region has the highest employment-to–population ratio (74.5%) in the developing world.
• Eastern Europe and Central Asia: The average HDI value of 0.771 is the highest of the six developing-country regions. Multi-dimensional poverty is minimal, but it has the second lowest employment-to-population ratio (58.4%) of the six regions.
• Latin America and the Caribbean: The average HDI value of 0.741 is the second highest of the six regions, surpassed only by Eastern Europe and Central Asia average. Multi-dimensional poverty is relatively low, and overall life satisfaction, as measured by the Gallup World Poll, is 6.5 on a scale from 0 to 10, the highest of any region.
• South Asia: The average HDI value for the region of 0.558 is the second lowest in the world. Between 2000 and 2012, the region registered annual growth of 1.43% in HDI value, which is the highest of the regions. Afghanistan achieved the fastest growth (3.9%), followed by Pakistan (1.7%) and India (1.5%).
• Sub-Saharan Africa: The average HDI value of 0.475 is the lowest of any region, but the pace of improvement is rising. Between 2000 and 2012, the region registered average annual growth of 1.34 percent in HDI value, placing it second only to South Asia, with Sierra Leone (3.4%) and Ethiopia (3.1%) achieving the fastest HDI growth.
The Multidimensional Poverty Index (MPI) examines factors at the household level that together provide a fuller portrait of poverty than income measurements alone. The MPI is not intended to be used for national rankings, due to significant differences among countries in available household survey data.
In the 104 countries covered by the MPI, about 1.56 billion people are estimated to live in multidimensional poverty. The countries with the highest percentages of ‘MPI poor' are all in Africa: Ethiopia (87%), Liberia (84%), Mozambique (79%) and Sierra Leone (77%). Yet the largest absolute numbers of multidimensionally poor people live in South Asia, including 612 million in India alone.
The Statistical Annex also presents data specifically pertinent to the 2013 Report, including expanding trade ties between developing countries, immigration trends, growing global Internet connectivity and public satisfaction with government services, as well as individual quality of life in different countries.
The Report also reviews key regional development trends, as shown by the HDI and other data:
• Arab States: The region's average HDI value of 0.652 is fourth out of the six developing country regions analysed in the Report, with Yemen achieving the fastest HDI growth since 2000 (1.66%). The region has the lowest employment-to–population ratio (52.6%), well below the world average of 65.8%.
• East Asia and the Pacific: The region has an average HDI value of 0.683 and registered annual HDI value growth between 2000 and 2012 of 1.31%, with Timor-Leste leading with 2.71%, followed by Myanmar at 2.23%. The East Asia-Pacific region has the highest employment-to–population ratio (74.5%) in the developing world.
• Eastern Europe and Central Asia: The average HDI value of 0.771 is the highest of the six developing-country regions. Multi-dimensional poverty is minimal, but it has the second lowest employment-to-population ratio (58.4%) of the six regions.
• Latin America and the Caribbean: The average HDI value of 0.741 is the second highest of the six regions, surpassed only by Eastern Europe and Central Asia average. Multi-dimensional poverty is relatively low, and overall life satisfaction, as measured by the Gallup World Poll, is 6.5 on a scale from 0 to 10, the highest of any region.
• South Asia: The average HDI value for the region of 0.558 is the second lowest in the world. Between 2000 and 2012, the region registered annual growth of 1.43% in HDI value, which is the highest of the regions. Afghanistan achieved the fastest growth (3.9%), followed by Pakistan (1.7%) and India (1.5%).
• Sub-Saharan Africa: The average HDI value of 0.475 is the lowest of any region, but the pace of improvement is rising. Between 2000 and 2012, the region registered average annual growth of 1.34 percent in HDI value, placing it second only to South Asia, with Sierra Leone (3.4%) and Ethiopia (3.1%) achieving the fastest HDI growth.
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REPORTS
Thursday, March 14, 2013
Saturday, March 9, 2013
E-Governance in Debts Recovery Tribunals
In order to enhance the efficiency of Debt Recovery
Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) and to
provide a platform for seamless operations to Banks, Financial
Institutions and general public to expedite recovery of public money,
there is a proposal for introduction of e-governance in DRTs. The key
objectives envisaged for the e-DRT engagement are as follows:
i) To implement information technology to automate the processes/procedures in DRTs/DRATs.
ii) To empower DRT officials by providing technology enablers to help them deliver best possible services efficiently and to provide hassle free administrative services.
iii) To facilitate applicants and defendants to get hassle free administrative services.
iv) To have access to timely and accurate reports
v) To efficiently manage case records.
vi) To enable banks and financial institutions to easily track their case related information.
vii) To support Recovery Officers with state of the art tools and technology to speedily enforce the orders.
No final decision has been taken relating to the agency for implementation of the project.
i) To implement information technology to automate the processes/procedures in DRTs/DRATs.
ii) To empower DRT officials by providing technology enablers to help them deliver best possible services efficiently and to provide hassle free administrative services.
iii) To facilitate applicants and defendants to get hassle free administrative services.
iv) To have access to timely and accurate reports
v) To efficiently manage case records.
vi) To enable banks and financial institutions to easily track their case related information.
vii) To support Recovery Officers with state of the art tools and technology to speedily enforce the orders.
No final decision has been taken relating to the agency for implementation of the project.
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DAILY DOSE
Kapil Sibal Inaugurates India’s First All Women Post Office
On the occasion of the International Women`s Day on March 8, the Union Minister of Communications & IT Sh. Kapil
Sibal inaugurated India`s First All Women Employees Post Office at
Shastri Bhawan, here today. This office is a Project Arrow Office and
has three counters. Two counters offer Multi Purpose services like
booking of Speed Post, Registration, Sale of IPOs, Booking of Money
Orders etc. and one counter is for Sale of Stamps. All these counters
of this Post Office will now be manned by Women employees only. The
working hours of this Post Office will be from 9.30 a.m. till 5.30 p.m.
There are 1003 women employees at the operative level in Delhi circle and their percentage in the total work force is about 14%. In the administrative cadres the percentage is 22%. In a co-incidence the Junior Engineer [Civil] who is Incharge of maintenance of this Post Office building, the Assistant Superintendent of Post Offices of the Postal Sub Division as well as Senior Superintendent of Post Offices of Delhi Central division who are controlling officers of this Post Office are also women.
There are 1003 women employees at the operative level in Delhi circle and their percentage in the total work force is about 14%. In the administrative cadres the percentage is 22%. In a co-incidence the Junior Engineer [Civil] who is Incharge of maintenance of this Post Office building, the Assistant Superintendent of Post Offices of the Postal Sub Division as well as Senior Superintendent of Post Offices of Delhi Central division who are controlling officers of this Post Office are also women.
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DAILY DOSE
India Tourism Film “Find What You Seek” Gets First Prize at 11th Golden City Gate Awards
Ministry of Tourism’s new film “Find What You Seek”
received first prize at the 11th Golden City Gate Tourism Media Awards
Ceremony held in Berlin today to coincide with ITB Berlin 2013. The
Golden City Gate is an international film, print and media contest for
the tourism industry. The Awards ceremony is held every year at ITB
Berlin, the world’s leading travel trade show.
The competition provides all tourism advertisers to participate in the contest for presenting their new creatives. All entries are assessed by 45 independent international expert jurors with strong industry background.
Shri K Chiranjeevi, Union Minister for Tourism had launched the new campaign “Find What You Seek”, the second phase of Incredible India Campaign at WTM 2012 in November last year along with the new Domestic Campaign “Go Beyond”. By launching new campaign, the Ministry of Tourism has made a paradigm shift by shifting the focus from destinations and products to consumers (travellers). The new campaign emphasizes that there is something for every traveller in India and every traveller can find what he or she is seeking while travelling in our incredible country. Domestic campaign “Go Beyond” urges travellers to travel beyond the obvious , the known destinations to the lesser known destinations.
The competition provides all tourism advertisers to participate in the contest for presenting their new creatives. All entries are assessed by 45 independent international expert jurors with strong industry background.
Shri K Chiranjeevi, Union Minister for Tourism had launched the new campaign “Find What You Seek”, the second phase of Incredible India Campaign at WTM 2012 in November last year along with the new Domestic Campaign “Go Beyond”. By launching new campaign, the Ministry of Tourism has made a paradigm shift by shifting the focus from destinations and products to consumers (travellers). The new campaign emphasizes that there is something for every traveller in India and every traveller can find what he or she is seeking while travelling in our incredible country. Domestic campaign “Go Beyond” urges travellers to travel beyond the obvious , the known destinations to the lesser known destinations.
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DAILY DOSE
National Mission for Empowerment of Women
National Mission for Empowerment of Women (NMEW) is
an initiative of the Government of India (GOI) for empowering women holistically. It is conceived as an umbrella mission with a
mandate to strengthen inter-sectoral convergence and
facilitate the process of coordinating all the women’s welfare and socio
economic development programmes across ministries and
departments.
The salient features of the National Mission for
Empowerment of Women (NMEW) are:
1.
To ensure economic empowerment of
women.
2.
To ensure that violence against
women is eliminated progressively.
3.
To ensure social empowerment of
women with emphasis on health and education.
4.
To oversee gender mainstreaming of programmes, policies, institutional arrangements and processes of participating Ministries,
Institutions and Organizations.
5.
To undertake awareness generation
as well as advocacy activities to fuel demand for benefits under various schemes and programmes and create, if required, structures at district,
tehsil and village level with the involvement of Panchayats for their fulfillment.
The National Mission Authority (NMA) comprises of
the following:
I.
Hon’ble
Prime Minister
II.
Minister of Finance
III.
Minister of Human Resource Development
IV.
Minister of Housing and Urban Poverty
Alleviation
V.
Minister of Rural Development
VI.
Minister of Panchayati
Raj
VII.
Minister of Agriculture &
Cooperation
VIII. Minister
of Health & Family Welfare
IX.
Minister of Micro, Small and Medium
Enterprises
X.
Minister of Law & Justice
XI.
Minister of Environment & Forests
XII.
Minister of Labour&
Employment
XIII. Minister
of Social Justice & Empowerment
XIV. Deputy
Chairman, Planning Commission
XV.
MOS(IC), M/o. WCD.
XVI. Chairperson,
National Commission of Women
XVII. Two
Chief Ministers
XVIII. Five
Civil Society Members.
The Mission does not
involve direct delivery of benefits to individual beneficiaries. Funds have
been released for the pilot project in Pali district
in Rajasthan as well as for setting up SRCWs in different States.
The total funds
earmarked for the duration 2010-15 is Rs 14134.53 lakhs.
The BE for the year 2012-13 is Rs 2500.00 lakhs while
the RE for the year 2012-13 is Rs 1100.00 lakhs.
23 State Resource Centres for Women (SRCW) have been established under State
Mission Authority (SMA) in different States/UTs.
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MISSIONS
BUDGET 2013-14 PRACTICE QUESTIONS
1)Pavan Kumar Bansal represents, which of the following Constituencies?
1. Amritsar
2. Ahmedabad
3. Chandigarh
4. Sangrur
2)Which of the following state has been bought into the railway net work for the first time?
1. Manipur
2. Assam
3. Tripura
4. Arunachal Pradesh
3)A8ording to Railway Budget Freight earning to go by?
1. 7%
2. 8%
3. 9%
4. 10%
4)Which of the following is true?
1. Steep increase in input costs have been met with hike in Freight rates
2. Indian Railways is aware of the problems of the IRCTC website, and will create a next generation e-ticketing system by end of this year, Bansal said.
3. Aadhar can be helpful for Railways in much respect, from booking tickets to tracking pension of rail employees.
4. All the above
5)Railway Minister has said that a special luxury coach, with the best of ameneties, will run, in selected trains and named it as?
1. Anubhuti
2. Safety
3. Vikas
4. Samardh
6)The amount allocated by Planning commi-ssion (budgetary support to Railways)?
1. 3.19 lakhs
2. 4.19 lakhs
3. 5.19 lakhs
4. 6.19 lakhs
7)Which of the following is true about Indian Railways?
1. Railways were first introduced to India in 1853 from Bombay to Thane.
2. In 1951 the systems were nationalized as one unit, the Indian Railways
3. Indian Railways is the worlds ninth largest commercial or utility employer
4. All the above
8)The Rail Neer Bottling plants would be set up in
1. Vijayawada, Mumbai, Lalitput, Bilaspur, Patna, Ahmedabad
2. Ahmedabad, Jaipur, Vijayawada, Nagpur, Lalitpur, Bilaspur
3. Bilaspur, Vijayawada, Kolkata, Nanded, Lalitpur, Jaipur
4. Nanded, Kolkata, Vijayawada, Ludhiana, Lalitpur, Jaipur
9)Which of the following is/are true as per new Railway budget?
1. Year hike of 5% of charges proposed for 10 years
2. In future, ticket charge may be indexed to fuel price
3. Train protection warning in automatic systems will be introduced
4. All the above
10)How much percentage of RPF vacancies reserved for women?
1. 10%
2. 15%
3. 20%
4. 25%
11)Which of the following is true about recent General Budget 2013-14?
1. The total expenditure for 2013-14 is the Rs 16, 65, 297
2. The plan expenditure is the Rs 5, 55, 322 crore
3. Non-plan expenditure Rs 11, 09, 975crore
4. All the above
12)Which of the following is true?
1. Chidambaram presented the his eighth Annual budget in Parliament, second highest by any other in the country
2. It was 82nd Budget, which includes interim and special-situation budgetary proposals
3. Former Prime Minister Morarji Desai presented budget for 10 times.
4. All the above
13)How much is allocated for Nirbhaya fund?
1. Rs 800 crore
2. Rs 900 crore
3. Rs 1000 crore
4. Rs 1100 crore
14)How many private radio FM stations will be covered in this financial year?
1. 289
2. 290
3. 291
4. 292
15)The first Independent India’s budget was presented by?
1. Morarji Desai
2. Shankumham chetty
3. Deshmukh
4. Nehru
16)Income limit for tax saving Rajiv Gandhi Equity Savings scheme is raised to Rs 12 lakh from?
1. Rs 8 lakh
2. Rs 9 lakh
3. Rs 10 lakh
4. Rs 11 lakh
17)Which of the following is true?
1. Rs 532 crore to make post offices part of core banking
2. Proposal to launch inflation indexed bonds or inflation indexed national security certificates to protect savings from inflation
3. India’s first women’s bank as a PSU proposed, Rs 1000 crore working capital announced
4. All the above
18)How much amount is allocated for Drinking water and Sanitation?
1. Rs 80, 194 crore
2. Rs 81, 194 crore
3. Rs 82, 194 crore
4. Rs 83, 195 crore
19)In which of the following place an Institute for agricultural Bioteechnology will be set up?
1. Patiala
2. Ahmedabad
3. Ranchi
4. Patna
20)As per Economic Survey the India’s economy expected to grow between 6.1% to
1. 6.5%
2. 6.6%
3. 6.7%
4. 6.8%
21)Inflation expected to fall between 6.2% and by March?
1. 6.6%
2. 6.7%
3. 6.8%
4. 6.9%
22)As per survey report, which of the following sector amounted for the largest share?
1. Health
2. Sports
3. Education
4. Employment
23)A8ording to survey, the food inflation mainly driven by
1. Cereal Prices
2. Subsidies
3. Oil
4. None of these
24)As per Economic Survey, which of the following is true about Indian Tourism?
1. The Indian tourism sector needs an urgent image makeover and higher investment in infrastructure, including through Public-Private Partnership
2. Global tourist arrivals are expected to increase by 43 million every year on an average from 2010 to 2030.
1. Only 1 correct
2. Only 2 correct
3. Both correct
4. Both wrong
25)Which of the following is true as per Economic survey, tabled in the parliament?
1. As per 12th Five Year Plan approach paper, Indias travel and tourism sector is estimated to create 78 jobs per million rupees of investment compared to 45 jobs per million rupees in the manufacturing sector
2. As per Tourism Satellite A8ount (TSA) data 2009-10, the contribution of tourism to Indias GDP was 6.8 per cent (3.7 per cent direct and 3.1 per cent indirect) and its contribution to total employment generation was 10.2 percent
3. At present Indian Tourism has a paltry share of 0.64 per cent in world tourist arrivals
4. All the above
26)Who among the following is the Chief advisor to the Finance Minister?
1. Rangarajan
2. Raghuram Rajan
3. Kaushik Basu
4. Shome
27) The Economic Survey says that the Fiscal Deficit in Financial Year 2013, to be contained at?
1. 5.1%
2. 5.2%
3. 5.3%
4. 5.4%
28)Fiscal Consolidation road map says that deficit at 3% by Financial year?
1. 2014
2. 2015
3. 2016
4. 2017
ANSWERS:
1) 3 2) 4 3) 3 4) 4 5) 1 6) 3 7) 4 8) 2 9) 4 10) 1 11) 4 12) 4 13) 3 14) 1 15) 2 16) 3 17) 4 18) 1 19) 3 20) 3 21) 1 22) 3 23) 1 24) 3 25) 4 26) 2 27) 3 28) 4
1. Amritsar
2. Ahmedabad
3. Chandigarh
4. Sangrur
2)Which of the following state has been bought into the railway net work for the first time?
1. Manipur
2. Assam
3. Tripura
4. Arunachal Pradesh
3)A8ording to Railway Budget Freight earning to go by?
1. 7%
2. 8%
3. 9%
4. 10%
4)Which of the following is true?
1. Steep increase in input costs have been met with hike in Freight rates
2. Indian Railways is aware of the problems of the IRCTC website, and will create a next generation e-ticketing system by end of this year, Bansal said.
3. Aadhar can be helpful for Railways in much respect, from booking tickets to tracking pension of rail employees.
4. All the above
5)Railway Minister has said that a special luxury coach, with the best of ameneties, will run, in selected trains and named it as?
1. Anubhuti
2. Safety
3. Vikas
4. Samardh
6)The amount allocated by Planning commi-ssion (budgetary support to Railways)?
1. 3.19 lakhs
2. 4.19 lakhs
3. 5.19 lakhs
4. 6.19 lakhs
7)Which of the following is true about Indian Railways?
1. Railways were first introduced to India in 1853 from Bombay to Thane.
2. In 1951 the systems were nationalized as one unit, the Indian Railways
3. Indian Railways is the worlds ninth largest commercial or utility employer
4. All the above
8)The Rail Neer Bottling plants would be set up in
1. Vijayawada, Mumbai, Lalitput, Bilaspur, Patna, Ahmedabad
2. Ahmedabad, Jaipur, Vijayawada, Nagpur, Lalitpur, Bilaspur
3. Bilaspur, Vijayawada, Kolkata, Nanded, Lalitpur, Jaipur
4. Nanded, Kolkata, Vijayawada, Ludhiana, Lalitpur, Jaipur
9)Which of the following is/are true as per new Railway budget?
1. Year hike of 5% of charges proposed for 10 years
2. In future, ticket charge may be indexed to fuel price
3. Train protection warning in automatic systems will be introduced
4. All the above
10)How much percentage of RPF vacancies reserved for women?
1. 10%
2. 15%
3. 20%
4. 25%
11)Which of the following is true about recent General Budget 2013-14?
1. The total expenditure for 2013-14 is the Rs 16, 65, 297
2. The plan expenditure is the Rs 5, 55, 322 crore
3. Non-plan expenditure Rs 11, 09, 975crore
4. All the above
12)Which of the following is true?
1. Chidambaram presented the his eighth Annual budget in Parliament, second highest by any other in the country
2. It was 82nd Budget, which includes interim and special-situation budgetary proposals
3. Former Prime Minister Morarji Desai presented budget for 10 times.
4. All the above
13)How much is allocated for Nirbhaya fund?
1. Rs 800 crore
2. Rs 900 crore
3. Rs 1000 crore
4. Rs 1100 crore
14)How many private radio FM stations will be covered in this financial year?
1. 289
2. 290
3. 291
4. 292
15)The first Independent India’s budget was presented by?
1. Morarji Desai
2. Shankumham chetty
3. Deshmukh
4. Nehru
16)Income limit for tax saving Rajiv Gandhi Equity Savings scheme is raised to Rs 12 lakh from?
1. Rs 8 lakh
2. Rs 9 lakh
3. Rs 10 lakh
4. Rs 11 lakh
17)Which of the following is true?
1. Rs 532 crore to make post offices part of core banking
2. Proposal to launch inflation indexed bonds or inflation indexed national security certificates to protect savings from inflation
3. India’s first women’s bank as a PSU proposed, Rs 1000 crore working capital announced
4. All the above
18)How much amount is allocated for Drinking water and Sanitation?
1. Rs 80, 194 crore
2. Rs 81, 194 crore
3. Rs 82, 194 crore
4. Rs 83, 195 crore
19)In which of the following place an Institute for agricultural Bioteechnology will be set up?
1. Patiala
2. Ahmedabad
3. Ranchi
4. Patna
20)As per Economic Survey the India’s economy expected to grow between 6.1% to
1. 6.5%
2. 6.6%
3. 6.7%
4. 6.8%
21)Inflation expected to fall between 6.2% and by March?
1. 6.6%
2. 6.7%
3. 6.8%
4. 6.9%
22)As per survey report, which of the following sector amounted for the largest share?
1. Health
2. Sports
3. Education
4. Employment
23)A8ording to survey, the food inflation mainly driven by
1. Cereal Prices
2. Subsidies
3. Oil
4. None of these
24)As per Economic Survey, which of the following is true about Indian Tourism?
1. The Indian tourism sector needs an urgent image makeover and higher investment in infrastructure, including through Public-Private Partnership
2. Global tourist arrivals are expected to increase by 43 million every year on an average from 2010 to 2030.
1. Only 1 correct
2. Only 2 correct
3. Both correct
4. Both wrong
25)Which of the following is true as per Economic survey, tabled in the parliament?
1. As per 12th Five Year Plan approach paper, Indias travel and tourism sector is estimated to create 78 jobs per million rupees of investment compared to 45 jobs per million rupees in the manufacturing sector
2. As per Tourism Satellite A8ount (TSA) data 2009-10, the contribution of tourism to Indias GDP was 6.8 per cent (3.7 per cent direct and 3.1 per cent indirect) and its contribution to total employment generation was 10.2 percent
3. At present Indian Tourism has a paltry share of 0.64 per cent in world tourist arrivals
4. All the above
26)Who among the following is the Chief advisor to the Finance Minister?
1. Rangarajan
2. Raghuram Rajan
3. Kaushik Basu
4. Shome
27) The Economic Survey says that the Fiscal Deficit in Financial Year 2013, to be contained at?
1. 5.1%
2. 5.2%
3. 5.3%
4. 5.4%
28)Fiscal Consolidation road map says that deficit at 3% by Financial year?
1. 2014
2. 2015
3. 2016
4. 2017
ANSWERS:
1) 3 2) 4 3) 3 4) 4 5) 1 6) 3 7) 4 8) 2 9) 4 10) 1 11) 4 12) 4 13) 3 14) 1 15) 2 16) 3 17) 4 18) 1 19) 3 20) 3 21) 1 22) 3 23) 1 24) 3 25) 4 26) 2 27) 3 28) 4
Friday, March 8, 2013
"Electronics Project Proposal System" (e-PPS) launched
Union
Minister for Communications and IT, Shri Kapil Sibal has launched the
Electronics Project Proposal System (e-PPS), developed by the Department
of Electronics and Information Technology, through the Centre for
Development of Advanced Computing (C-DAC). The e-PPS system will
initially operate on a pilot basis.
The Electronic Project Proposal System (e-PPS) is a web-based system that encompasses the complete life-cycle of funding of R&D projects, beginning with online submission of project proposals for funds, to monitoring and management of funded projects. It supports the processes for
a) Online submission of project proposals
b) Evaluation of proposals by experts
c) Project recommendations
d) Project Monitoring
e-PPS replaces the existing manual system of project funding wherein the Project Investigators (PI) submit hard copies of R&D proposals, which are presented to a Working Group and based on the recommendations of the Working Group the proposals are further processed in DeitY. It is a One-Go Dash-Board to see the projects from initiation to completion. It reduces the total processing time of proposals and aids easy dissemination of project information.
The Electronic Project Proposal System (e-PPS) is a web-based system that encompasses the complete life-cycle of funding of R&D projects, beginning with online submission of project proposals for funds, to monitoring and management of funded projects. It supports the processes for
a) Online submission of project proposals
b) Evaluation of proposals by experts
c) Project recommendations
d) Project Monitoring
e-PPS replaces the existing manual system of project funding wherein the Project Investigators (PI) submit hard copies of R&D proposals, which are presented to a Working Group and based on the recommendations of the Working Group the proposals are further processed in DeitY. It is a One-Go Dash-Board to see the projects from initiation to completion. It reduces the total processing time of proposals and aids easy dissemination of project information.
Labels:
DAILY DOSE
"Electronics Project Proposal System" (e-PPS) launched
Union
Minister for Communications and IT, Shri Kapil Sibal has launched the
Electronics Project Proposal System (e-PPS), developed by the Department
of Electronics and Information Technology, through the Centre for
Development of Advanced Computing (C-DAC). The e-PPS system will
initially operate on a pilot basis.
The Electronic Project Proposal System (e-PPS) is a web-based system that encompasses the complete life-cycle of funding of R&D projects, beginning with online submission of project proposals for funds, to monitoring and management of funded projects. It supports the processes for
a) Online submission of project proposals
b) Evaluation of proposals by experts
c) Project recommendations
d) Project Monitoring
e-PPS replaces the existing manual system of project funding wherein the Project Investigators (PI) submit hard copies of R&D proposals, which are presented to a Working Group and based on the recommendations of the Working Group the proposals are further processed in DeitY. It is a One-Go Dash-Board to see the projects from initiation to completion. It reduces the total processing time of proposals and aids easy dissemination of project information.
The Electronic Project Proposal System (e-PPS) is a web-based system that encompasses the complete life-cycle of funding of R&D projects, beginning with online submission of project proposals for funds, to monitoring and management of funded projects. It supports the processes for
a) Online submission of project proposals
b) Evaluation of proposals by experts
c) Project recommendations
d) Project Monitoring
e-PPS replaces the existing manual system of project funding wherein the Project Investigators (PI) submit hard copies of R&D proposals, which are presented to a Working Group and based on the recommendations of the Working Group the proposals are further processed in DeitY. It is a One-Go Dash-Board to see the projects from initiation to completion. It reduces the total processing time of proposals and aids easy dissemination of project information.
Labels:
DAILY DOSE
New format of civil services exams declared
The Department of Personnel and Training (DoPT) has
notified fresh changes in the format of country’s prestigious exam- the
Civil Services Exam conducted by Union Public Service Commission (UPSC).
The decision had come in the wake of recommendations of a committee headed by Prof Arun S Nigavekar, former Chairman, UGC.
For details please click here:
Labels:
UPSC
Thursday, March 7, 2013
UPSC Civil Service Examination, 2013
The Union Public Service Commission (UPSC) will hold the Civil Services
(Preliminary) Examination, 2013 on 26/05/2013 for recruitment of various
posts of Indian Administrative Service (IAS), Indian Foreign Service
(IFS), Indian Police Service (IPS) and certain other Group 'A' and Group
'B' Central Services / Posts.
- Age : Not less than 21 years and not more than 30 years as on 01/08/2013. The upper age is relaxable for SC/ST/OBC and certain other categories of candidates to the extent specified in the Notice.
- Educational Qualification: Degree of a recognised university or an equivalent qualification.
- Physical Standards: Candidates must be physically fit according to the Regulations given in notice.
- Number of Attempts: The maximum number of attempts
permissible to different categories of aspirants, who are otherwise
eligible will be as follows:
- General Category : Four
- Physical Handicapped : Seven
- OBC : Seven
- SC / ST : No Limit
Online Application Submission : Candidates must apply Online also at http://upsconline.nic.in/mainmenu2.php from 05/03/203 to 04/04/2013 .
Fee: Deposit Rs.100/- (No fee for Female/ SC/ST/PH candidates)
either by remitting the money in any Branch of SBI by Cash, or by using
net banking facility of State Bank of India/ State Bank of Bikaner &
Jaipur/ Sate Bank of Hyderabad/ State Bank of Mysore/ State Bank of
Patiala /State Bank of Travancore or by using Visa/ Master Credit/ Debit
Card.
Candidates can obtain details of the examination, venues of the examination and syllabus etc. at http://upsc.gov.in/exams/notifications/2013/csp_ifs/index.htm
Labels:
UPSC
Sunday, March 3, 2013
Saturday, March 2, 2013
Union Budget 2013-2014: New Plans and Schemes Introduced and Proposed
Union Finance Minister P Chidambaram on 28 February 2013 tabled the
Union budget in the Lok Sabha for the financial year 2013-14. In the
Union Budget 2013-14, the Union Finance Minister focused on three main
sections of the society- women, the youth and the poor. Various new
plans and schemes were introduced for these three strata of the society
as well as for various sectors. These plans and schemes are as follows:
New Plans and Schemes rolled out in the Union Budget 2013-14:
• Nirbhaya Fund: The Finance Minister announced the setting up of a fund called the Nirbhaya Fund - with the Government contributing 1000 crore Rupees for safety and security of the women in India. The Finance Minister announced that various initiatives were underway as well as a lot more were undertaken by Government and NGOs for empowering women and providing them safety and security.
• 1000 crore Rupees scheme for training youth: A 1000 crore Rupees scheme for training youth for boosting up their employability and productivity was rolled out in the budget. The National Skill Development Corporation would be required to set up curriculum and standards for training different skills. The trained youth who will pass the test by the end of the training would get monetary reward of 10000 Rupees on an average. This initiative would motivate 10 lakh youth.
• Proposal to set up India’s first Women’s Bank as a public sector bank with 1000 crore Rupees as initial capital.
• Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government. This scheme will help the poor. Under the scheme, a bank account will be opened for each beneficiary; and the bank account will be seeded with Aadhaar in due course.
• 10000 crore Rupees earmarked for National Food Security towards the incremental cost.
• Drinking water and sanitation will receive 15260 crore Rupees. 1400 crore Rupees is being provided for setting up water purification plants to cover arsenic and fluoride affected rural areas.
• Proposal to launch Inflation Indexed Bonds or Inflation Indexed National Security Certificates to protect savings from inflation.
• Voluntary Compliance Encouragement Scheme launched for recovering service tax dues.
• 9000 crore Rupees earmarked as the first installment of balance of CST compensations to different States/UTs.
• The Interest Subvention Scheme: This scheme for short-term crop loans is proposed to be continued for loans by public sector banks, RRBs and Cooperative banks, and expanded to private scheduled commercial banks. Under the scheme, a farmer who repays the loan on time is able to get credit at 4 cent per year.
• National Livestock Mission: 307 crore Rupees have been provided for setting up of the National Livestock Mission. This will attract investment and enhance livestock productivity. A sub-mission of this Mission seeks to increase the availability of feed and fodder.
• Assistance of the World Bank and Asian Development Bank will be sought to build roads in the North Eastern States and connect them to Myanmar.
• The body of Rural Infrastructure Development Funds (RIDF) is proposed to be raised to 20000 crore Rupees.
• Plans for seven new cities were finalized for industrial corridors and work on two new smart industrial cities at Dholera (Gujarat) and Shendra Bidkin (Maharashtra) will start during 2013-14.
• Two new ports will be established in Sagar (West Bengal) and in Andhra Pradesh.
• A power transmission system will be constructed from Srinagar to Leh and for this 226 crore Rupees were provided in 2013-14.
• Apparel Parks are proposed to be set up within the Integrated Textile Parks, to house apparel manufacturing units.
• Standing Council of Experts: Standing Council of Experts is proposed to be constituted in the Ministry of Finance to analyse the international competitiveness of the Indian financial sector.
• A number of proposals relating to capital market have been finalized in consultation with SEBI. These include simplification of procedure and uniforms norms for foreign portfolio investors, clarity relating to FDI investment, allowing FIIs to participate in new areas, etc.
New Plans and Schemes rolled out in the Union Budget 2013-14:
• Nirbhaya Fund: The Finance Minister announced the setting up of a fund called the Nirbhaya Fund - with the Government contributing 1000 crore Rupees for safety and security of the women in India. The Finance Minister announced that various initiatives were underway as well as a lot more were undertaken by Government and NGOs for empowering women and providing them safety and security.
• 1000 crore Rupees scheme for training youth: A 1000 crore Rupees scheme for training youth for boosting up their employability and productivity was rolled out in the budget. The National Skill Development Corporation would be required to set up curriculum and standards for training different skills. The trained youth who will pass the test by the end of the training would get monetary reward of 10000 Rupees on an average. This initiative would motivate 10 lakh youth.
• Proposal to set up India’s first Women’s Bank as a public sector bank with 1000 crore Rupees as initial capital.
• Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government. This scheme will help the poor. Under the scheme, a bank account will be opened for each beneficiary; and the bank account will be seeded with Aadhaar in due course.
• 10000 crore Rupees earmarked for National Food Security towards the incremental cost.
• Drinking water and sanitation will receive 15260 crore Rupees. 1400 crore Rupees is being provided for setting up water purification plants to cover arsenic and fluoride affected rural areas.
• Proposal to launch Inflation Indexed Bonds or Inflation Indexed National Security Certificates to protect savings from inflation.
• Voluntary Compliance Encouragement Scheme launched for recovering service tax dues.
• 9000 crore Rupees earmarked as the first installment of balance of CST compensations to different States/UTs.
• The Interest Subvention Scheme: This scheme for short-term crop loans is proposed to be continued for loans by public sector banks, RRBs and Cooperative banks, and expanded to private scheduled commercial banks. Under the scheme, a farmer who repays the loan on time is able to get credit at 4 cent per year.
• National Livestock Mission: 307 crore Rupees have been provided for setting up of the National Livestock Mission. This will attract investment and enhance livestock productivity. A sub-mission of this Mission seeks to increase the availability of feed and fodder.
• Assistance of the World Bank and Asian Development Bank will be sought to build roads in the North Eastern States and connect them to Myanmar.
• The body of Rural Infrastructure Development Funds (RIDF) is proposed to be raised to 20000 crore Rupees.
• Plans for seven new cities were finalized for industrial corridors and work on two new smart industrial cities at Dholera (Gujarat) and Shendra Bidkin (Maharashtra) will start during 2013-14.
• Two new ports will be established in Sagar (West Bengal) and in Andhra Pradesh.
• A power transmission system will be constructed from Srinagar to Leh and for this 226 crore Rupees were provided in 2013-14.
• Apparel Parks are proposed to be set up within the Integrated Textile Parks, to house apparel manufacturing units.
• Standing Council of Experts: Standing Council of Experts is proposed to be constituted in the Ministry of Finance to analyse the international competitiveness of the Indian financial sector.
• A number of proposals relating to capital market have been finalized in consultation with SEBI. These include simplification of procedure and uniforms norms for foreign portfolio investors, clarity relating to FDI investment, allowing FIIs to participate in new areas, etc.
Labels:
DAILY DOSE
Thursday, February 28, 2013
Budget Summary
The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this asmool mantra, the Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4.8% of GDP.
Presenting the Union Budget in Parliament today, the Finance Minister expressed the hope that the India would achieve high economic growth despite slowdown in the global economic growth.
The Minister said that his government has been able to contain the fiscal deficit at 5.2% in 2012-13 by following the path of fiscal consolidation. But the current account deficit (CAD) is a greater worry, the Minister added. He, therefore, proposes to encourage foreign investment that is consistent with India’s economic objectives.
The Finance Minister said that the other areas of concern addressed by his Government are inflation and government expenditure. “Our efforts in the past few months have brought down headline WPI inflation to about 7.0 percent and core inflation to about 4.2 percent. It is food inflation that is worrying, and we shall take all possible steps to augment the supply side to meet the growing demand for food items,” he said. The Minister further said that he had no choice but to rationalize government expenditure in view of huge fiscal deficit in 2012-13. “We also took some policy decisions that had been deferred for too long, corrected some prices, and undertook a review of certain tax policies.”
THREE PROMISES: TO WOMEN, YOUTH AND THE POOR
Shri Chidambaram made promises to the women, the youth and the poor - the three faces that represent the majority of the people of India. Stating that the government pledges to do everything possible to empower the women and to keep them safe and secure, he said that a number of initiatives were underway and many more would be taken by the Government as well as non-government organizations. He announced the setting up of a fund - Nirbhaya Fund - with the Government contributing Rs. 1000 crore.
The Minister also announced a Rs. 1,000 crore scheme for training youth to boost their employability and productivity. The National Skill Development Corporation will be asked to set the curriculum and standards for training different skills. Trained youth who pass a test at the end of training will get a monetary reward of Rs.10000 on an average. This initiative is likely to motivate 10 lakh youth.
For the benefit of the poor, the Minister assured that Direct Benefit Transfer (DBT) schemes will be rolled out throughout the country during the term of the UPA Government. “We are redoubling out efforts to ensure that the digitized beneficiary lists are available; that a bank account is opened for each beneficiary; and that the bank account is seeded with Aadhaar in due course,” he said.
RURAL DEVELOPMENT, AGRICULTURE AND FOOD SECURITY
The allocation for Rural Development Ministry has been raised by 46 percent to Rs 80,194 crore in 2013-14.
Pradham Mantri Gram Sadak Yojana (PMGSY)-II has been carved out to benefit States that have substantially fulfilled the objectives of PMGSY. This will benefit states such as Andhra Pradesh, Haryana, Karnataka, Maharashtra, Punjab and Rajasthan.
Ministry of Agriculture gets a rise of 22 per cent over the revised estimates (RE) for 2012-13, at Rs 27,049 crore. Rs 500 crore is being allocated to start a programme on crop diversification. It will encourage farmers in the original green revolution states to choose alternative crops. A pilot programme on Nutri-Farms will be started for introducing new crop varieties that are rich in micro nutrients, such as iron-rich bajra. A sum of up to Rs 200 crore is to be provided to start the pilots.
The Budget seeks to support Farmer Producer Organizations (FPO), including Farmer Producer Companies (FPC) which have emerged as aggregators of farm produce and link farmers directly to markets.
The target of agricultural credit for 2012-13 (Rs. 5,75,000 crore) is likely to be exceeded, and a target of Rs 7,00,000 crore farm credit has been fixed for the next year.
The interest subvention scheme for short-term crop loans is proposed to be continued for loans by public sector banks, RRBs and Cooperative banks, and expanded to private scheduled commercial banks. Under the scheme, a farmer who repays the loan on time is able to get credit at 4 cent per year.
Rs.307 crore have been provided for setting up of the National Livestock Mission. This will attract investment and enhance livestock productivity. A sub-mission of this Mission seeks to increase the availability of feed and fodder.
Expressing the hope that the National Food Security Bill will be passed by Parliament as early as possible, the Finance Minister has set apart Rs. 10,000 crore towards the incremental cost that is likely under the Act.
OTHER MAJOR ALLOCATIONS
Education has been allocated Rs. 65,867 crore, an increase of 17 per cent over the RE for 2012-13.
ICDS gets Rs. 17,700 crore representing an increase of 11.7 per cent. A multi-sectoral programme to tackle maternal and child malnutrition that was announced last year will be implemented in 100 districts during 2013-14. It will be further scaled up to cover 200 districts the year after.
Ministry of Health and Family Welfare has been allocated Rs. 37,330 crore. Of this, the new National Health Mission that combines the rural mission and the proposed urban mission will get Rs. 21,239 crore - an increase of 24.3 percent over the RE.
The Backward Regions Grant Fund (BRGF) has been allocated Rs. 11,500 crore and will include a State component for Bihar, the Bundelkhand region, West Bengal, the KBK districts of Odisha and the 82 districts under the Integrated Action Plan.
Science and Technology related Departments have been allocated funds with substantial enhancements.
A National Institute of Sports Coaching is proposed to be set up at Patiala at a cost of Rs. 250 crore over a period of three years.
Drinking water and sanitation will receive Rs. 15,260 crore. Rs. 1,400 crore is being provided for setting up water purification plants to cover arsenic and fluoride effected rural habitations.
The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) will receive Rs. 14,873 crore as against RE of Rs. 7,383 crore in the current year. Out of this, a significant portion will be used to support the purchase of upto 10,000 buses, especially by hill States.
Defence gets an allocation of Rs. 2,03,672 crore and the assurance that constraints will not come in the way of providing any additional requirement for the security of the nation.
Stating that adequate funds must be provided for programmes that benefit women, children and minorities, as also the scheduled castes and scheduled tribes, the Finance Minister proposed to allocate Rs 41,561 crore to the scheduled caste sub-plan and Rs 24,598 crore to the tribal sub-plan. The programmes relating to women get Rs. 97,134 crore and child budget, Rs. 77,236 crore. The Ministry of Women and Child and Development has been asked to design a scheme that will address women’s concerns, and an additional sum of Rs. 2,000 crore has been provided to the Ministry to began work in this regard. Ministry of Minority affairs has been allocated Rs. 3,511 crore and the Department of Disability Affairs, Rs. 110 crore.
INVESTMENT AND INFRASTRUCTURE
The Finance Minister stated that the key to restart the growth engine was to attract more investment, and that the government will improve communication of its policies to remove any apprehension or distrust in the minds of investors.
A number of steps to mobilize investment have been announced in the Budget keeping in view that as per 12th Plan the private sector will share 47 percent of Rs 55,00,000 crore investment in infrastructure. Infrastructure Debt Funds (IDF) will be encouraged. India Infrastructure Finance Corporation (IIFCL) will offer credit enhancement to infrastructure companies that wish to access the bond market to tap long term funds. Some institutions will be allowed to issue tax - free bonds up a total sum of Rs 50,000 crore (as against Rs 25,000 crore in 2012-13). Assistance of the World Bank and Asian Development Bank will be sought to build roads in the North Eastern States and connect them to Myanmar. The corpus of Rural Infrastructure Development Funds (RIDF) is proposed to be raised to Rs. 20,000 crore. A sum of Rs 5,000 crore will be made available to NABARD to finance construction of warehouses, godowns, silos and cold storage units designed to store agricultural produce.
Shri Chidambaram informed that the newly set-up Cabinet Committee on Investment has held two meetings and taken decisions in respect of a number of oil and gas, power and coal projects. CCI will take up some more projects shortly, he said. The Minister also informed that a regulatory authority is being constituted for the road sector. Bottlenecks stalling road projects have been addressed and 3,000 km of road projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh will be awarded in the first six months of 2013-14.
The Budget introduces an investment allowance for new high value investment. A company investing Rs. 100 crore or more in plant and machinery during the period 1.4.2013 to 31.3.2015 will be entitled to deduct an investment allowance of 15 percent of the investment (in addition to depreciation).
INDUSTRIAL SECTOR
Plans for seven new cities have been finalized for industrial corridors and work on two new smart industrial cities at Dholera (Gujarat) and Shendra Bidkin (Maharashtra) will start during 2013-14. A comprehensive plan is being prepared for the Chennai Bengaluru industrial corridor. Preparatory work has started for the next corridor - Bengaluru Mumbai industrial corridor.
Two new ports will be established in Sagar (West Bengal) and in Andhra Pradesh. In addition, a new outer harbour will be developed in the VOC port at Thoothukkudi (Tamil Nadu) through PPP at an estimated cost of Rs 7,500 crore.
A power transmission system will be constructed from Srinagar to Leh and for this Rs. 226 crore have been provided in 2013-14.
The oil and gas exploration policy will be reviewed to move from profit sharing to revenue sharing contracts. A policy to encourage exploration and production of shale gas will be announced. The natural gas pricing policy will be reviewed and uncertainties regarding pricing will be removed.
To provide greater support to Micro, Small and Medium Enterprises (MSMEs), the refinancing capability of SIDBI is proposed to be enhanced from Rs. 5,000 crore to Rs. 10,000 crore per year. SIDBI will also be provided a corpus of Rs 500 crore to set up a Credit Guarantee Fund for factoring.
Apparel Parks are proposed to be set up within the Integrated Textile Parks, to house apparel manufacturing units. A new scheme, Integrated Processing Developing Scheme, is being started to address to environmental concerns of the textile industry. Working capital and term loans to the handloom sector will be available at a concessional interest of 6 per cent. This will benefit 1.5 lakh weavers and 1,800 primary co-operative societies.
SAVINGS
The Budget proposes three measures to promote household savings. One, the income limit for Rajiv Gandhi Equity Saving Scheme for first time investors is being raised from Rs. 10 lakh to Rs. 12 lakh. Two, persons taking loan for first home up to Rs 25 lakh will be entitled to an additional deduction of interest of up to Rs 1 lakh. Three, instruments such as Inflation Indexed Bonds will be introduced to protect savings from inflation.
FINANCIAL SECTOR
Shri Chidambaram proposed to constitute a Standing Council of Experts in the Ministry of Finance to analyse the international competitiveness of the Indian financial sector.
The Finance Minister announced that Rs. 14,000 crore worth of capital infusion will be made into public sector banks. It will be ensured that these banks meet the Basel III regulations.
India’s first women’s bank is proposed to be set up with Rs. 1,000 crore as initial capital.
The government has finalized a number of proposals relating to the insurance sector in consultation with IRDA. These include empowering insurance companies to open branches in Tier II cities and below without prior approval of IRDA, having an office of LIC and a public general-insurance company in all towns with the population of 10,000, and permitting banks to act as insurance broker.
The Rashtriya Swasthiya Bima Yojana, which cover 34 million families below the poverty line, will now be extended to other categories such as rickshaw, auto-rickshaw and taxi-drivers, sanitation workers, rag pickers and mine workers.
The Finance Minister proposes to evolve a comprehensive social security package by converging various schemes for life-cum-disability cover, health cover, maternity assistance and pension benefits.
A number of proposals relating to capital market have been finalized in consultation with SEBI. These include simplification of procedure and uniforms norms for foreign portfolio investors, clarity relating to FDI investment, allowing FIIs to participate in new areas, etc.
BUDGET ESTIMATES
The total expenditure in the Union Budget 2013-14 is pegged at Rs. 16,65,297 crore. Out of it Rs.5,55,322 crore (33%) is Plan expenditure. The non-Plan expenditure is estimated at Rs 11,09,975 crore.
The Plan expenditure in 2013-14 will be 29.4 per cent more than the revised estimates of the current year. All flagship programmes have been fully and adequately funded.
Juxtaposing economic welfare with the economic policy, the Minister said that the link between policy and welfare can be expressed in a few words: opportunities, education, skills, jobs and incomes. The Budget has before it one overarching goal - to create opportunities for the youth to acquire education and skills that will get them decent jobs or self-employment that will bring them adequate incomes that will enable them to live with their families in a safe and secure environment. The Budget sets a target of skilling 90 lakh people in 2013-14, for which funds will be released by the National Rural Livelihood Mission and National Urban Livelihood Mission.
TAXES
The General Budget reiterates that clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and independent judiciary for greater assurance is underlying theme of tax proposals. It is proposed to set up the Tax Administration Reforms Commission.
As regards Direct Taxes, a relief of Rs. 2000 for the Tax Payers in the first bracket of Rs. 2 lakhs to Rs. 5 lakhs have been proposed. A surcharge of 10 percent on persons (other than companies) whose taxable income exceeds Rs.1 crore have been levied. Surcharge has been increased from 5 to 10 percent on domestic companies whose taxable income exceed Rs. 10 crore. In case of foreign companies, surcharge will increase from 2 to 5 percent, if the taxable income exceeds Rs. 10 crore. Additional surcharges to be in force for only one year. Mr. Chidambaram said, education cess to continue at 3 percent.
The Finance Minister announced the grant of investment allowance at the rate of 15 percent to manufacturing companies that invest more than Rs. 100 crore in plant and machinery during the period 1.4.2013 to 31.3.2015. Concessional rate of tax of 15 per cent on dividend received by the Indian companies from its foreign subsidiary proposed to continue for one more year. It is proposed that TDS at the rate of one percent on the value of the transfer of immovable property where the consideration exceeds Rs. 50 lakhs to be levied. Agricultural land to be exempted from TDS. Modified provisions of GAAR will come into effect from 1.4.2016. It is also proposed to increase the rate of tax on payments by way of royalty and fees for technical services to non-residents from 10 percent to 25 percent. The Budget also proposes to introduce Commodities Transaction Tax (CTT) in a limited way. However, agricultural commodities will be exempted. A number of administrative measures such as extension of refund banker system to refund more than Rs. 50,000, technology based processing, extension of e-payment through more banks and expansion of in the scope of annual information returns by Income-tax Department.
With regards to Indirect Taxes, the Finance Minister proposed no change in the normal rates of 12 percent for excise duty and service tax. Similarly, no change has been made in the peak rate of custom duty of 10 percent for non-agricultural products. Custom duty on free gold limit increased to Rs. 50,000 in case of male passenger and Rs. 1,00,000 in case of a female passenger subject to conditions. Duty on imported luxury goods such as high end motor vehicles, motor cycles, yachts and similar vessels increased. Custom duty on Set Top Boxes increased from 5 to 10 percent while on raw silk increased from 5 to 15 percent to boost domestic production. Custom duty on specified machinery for manufacture of leather and leather goods including footwear reduced from 7.5 to 5 percent. The Budget also proposes that period of concession available for specified part of electric and hybrid vehicles extended upto 31 March 2015.
Excise duty on SUVs increased from 27 to 30 percent. However, this will not apply to SUVs registered as taxies. Cigarettes will cost more as specific excise duty increased by about 18 percent. Similar increases are proposed on cigars, cheroots and cigarillos. Duty on mobile phones priced above Rs. 2000 has been raised to 6 percent from the current one percent.
The Budget proposes ‘Voluntary Compliance Encouragement Scheme’ where a defaulter may avail of the scheme on condition that he files a truthful declaration of Service Tax dues since 1.10.2007. It is a one-time scheme in which interest, penalty and other consequences will be waived.
The Budget proposes to mobilize Rs. 18,000 crore in which new proposals in indirect taxes will yield Rs. 4,700 crore and direct taxes of Rs. 13,300 crore.
In a major step to rationalize taxation on goods and services, the Budget has earmarked Rs. 9,000 crore towards the first installment of the balance of CST compensation. The Minister said that overwhelming majority States have agreed that there is a need for Constitutional amendment to pass GST law. It will be drafted by the State Finance Ministers and the GST Council, the Minister added.
Highlights of the Budget |
The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.
· Finance Minister makes three promises: to women, youth and the poor.
· Nirbhaya Fund to empower women and to keep them safe and secure.
· Proposal to set up India’s first Women’s Bank as a public sector bank.
· Rs. 1,000 crore for skill development of ten lakh youth to enhance their employability and productivity.
· Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.
· Fiscal Deficit for 2013-14 is pegged at 4.8 percent of GDP. The Revenue Deficit will be 3.3 percent for the same period.
· Plan Expenditure placed at Rs. 5,55,322 crore. It is 33.3 percent of the total expenditure while Non Plan Expenditure is estimated at Rs. 11,09,975 crore. The plan expenditure in 2013-14 will be 29.4 percent more than the RE of the current year i.e. 2012-13.
· Substantial rise in allocation to the social sector. Allocation for Rural Development Ministry raised by 46 percent to Rs. 80,194 crore.
· The target for farm credit for 2013-14 has been set at Rs. 7,00,000 crore against Rs. 5,75,000 crore during the current year.
· Rs. 10,000 crore earmarked for National Food Security towards the incremental cost.
· Education gets Rs. 65,867 crore, an increase of 17 percent over RE for 2012-13.
· ICDS gets Rs. 17,700 crore. This is 11.7 percent more than the current year.
· Drinking water and sanitation will receive Rs. 15,260 crore. Rs. 1,400 crore is being provided for setting up water purification plants to cover arsenic and fluoride affected rural areas.
· Health and Family Welfare Ministry has been allotted Rs. 37,330 crore. National Health Mission will get Rs. 21,239 crore which represents 24.3 percent over the RE.
· The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) will receive Rs. 14,873 crore as against RE of Rs. 7,383 crore in the current year.
· Defence has been allocated Rs. 2,03,672 crore.
· Rs. 3,511 crore have been earmarked to Minority Affairs Ministry, 60 percent higher than RE for 2012-13.
· The Government will encourage Infrastructure Debt Fund (IDF) and allow some institutions to raise tax free bonds upto Rs. 50,000 crore which is 100 percent more than the current year.
· India Infrastructure Finance Corporation (IIFC), in partnership with ADB will help infrastructure companies to access bond market to tap long term funds.
· Income limit under Rajiv Gandhi Equity Savings Scheme (RGESS) will be raised from Rs. 10 lakh to Rs. 12 lakh.
· First home loan from a bank or housing finance corporation upto Rs. 25 lakh entitled to additional deduction of interest upto Rs. 1 lakh.
· Proposal to launch Inflation Indexed Bonds or Inflation Indexed National Security Certificates to protect savings from inflation.
· On oil and gas exploration policy, the Budget proposes to move from the present profit sharing mechanism to revenue sharing. Natural gas pricing policy will be reviewed.
· On coal, the Budget proposes adoption of a policy of pooled pricing.
· Benefits or preferences enjoyed by MSME to continue upto three years after they grow out of this category.
· Refinancing capacity of SIDBI raised to Rs. 10,000 crore.
· Technology Upgradation Fund Scheme (TUFS) for textile to continue in 12th Plan with an investment target of Rs. 1,51,000 crore.
· Rs. 14,000 crore will be provided to public sector banks for capital infusion in 2013-14.
· A grant of Rs. 100 crore each has been made to 4 institutions of excellence including Aligarh Muslim University, Banaras Hindu University, Tata Institute of Social Sciences, Guwahati and Indian National Trust for Art and Cultural Heritage (INTACH).
· New taxes to yield Rs. 18,000 crore.
· A surcharge of 10 percent on persons (other than companies) whose taxable income exceeds Rs.1 crore have been levied.
· Tobacco products, SUVs and Mobile Phones to cost more.
· Relief of Rs. 2000 for the tax payers in the first bracket of 2 to 5 lakhs.
· ‘Voluntary Compliance Encouragement Scheme’ launched for recovering service tax dues.
· Rs. 9,000 crore earmarked as the first installment of balance of CST compensations to different States/UTs.
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