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Sabka Saath, Sabka Vikas सबका साथ सबका विकास

An Inclusive Government in Action

We must build an agenda

We must build an agenda for speedy yet sustainable economic growth that is inclusive of all, is respectful of individuals, responsive to innovation and responsible towards the future generations.

विकास सबका करना है,
सबको साथ लेकर करना है,
सब तक पहुँचे ऐसा विकास करना है,
सबकी भलाई के लिए
विकास करना है
New Approach

A New Approach to Development

Multi Pronged Strategy
Impetus to Economy
Let us together serve the Nation.
If each citizen takes
one step forward,
the country takes 125 crore steps forward.
Spiraling Growth

Strong Impetus to the Economy

Spiralling Growth, Falling Inflation

GDP Growth

- GDP growth which was below 5 percent in the last two years has grown at 5.5 per cent in the first half of the current year.

CPI Inflation

- Inflation as measured by Consumer Price Index is at its lowest ever level in November 2014 (4.4 per cent) since the introduction of the new series in 2011-12.

WPI Inflation

- Wholesale Price Index inflation is 0.0 per cent for November, 2014, lowest since2009.

Measures

- This has been achieved largely due to constant monitoring and measures taken suchas delisting of vegetables and perishables from APMC Act, release of food grains stocks,fixing of minimum export prices for key commodities.

Sabkaa Vikas

Strong Impetus to the Economy

Jan Dhan Yojana: An Unparalleled effort for financial inclusion : - According to the 2011 census, around 10.19 crore households or 41.3% of the total households did not have access to banking services. After taking into accounts opened till May 2014 by Public Sector Banks, around 7.5 crore households did not have access to banking services.

– Understanding the importance of availability of banking services, the Government launched the Pradhanmantri Jan Dhan Yojana on 28th August 2014 in mission mode. People also got the benefits of a RuPay debit card and accidental insurance cover along with the bank account. Proactive efforts by the government found great response among the people & 8.76 crore bank accounts were opened as on 16th December 2014 with many states also having achieved 100% coverage.

Maximum Governance

Strong Impetus to the Economy

Minimum Government and Maximum Governance

- As part of the Government’s commitment to the principle of ‘Minimum Government and Maximum Governance’, Expenditure Management Commission constituted to review the allocative and operational efficiencies of Government expenditure.

Strengthening Finances

Strong Impetus to the Economy

Strengthening Finances

- India’s external sector is now far more resilient and robust than before. Current account deficit was 1.9 per cent of GDP in the first half of 2014-15 as against 3.1 percent of GDP in the first half of 2013-14.

– Capital flows particularly investment flows have been buoyant in the first half of 2014-15and there has been significant addition to the foreign exchange reserves. Total Investment

– Flows are placed at USD 43.4 billion in April-October, 2014 as against USD 9.4 billion in April-October, 2013.

Innovative Financing

Strong Impetus to the Economy

Innovative Financing

- Government has announced “Real Estate Investment Trust” and “Infrastructure Investment Trust” – financing real estate and infrastructure projects.

– “Real Estate Investment Trust” have been successfully used as instruments for pooling of investments in several countries.

– “Infrastructure Investment Trust” seeks to facilitate similar structure for infrastructure projects.

– This will allow original equity investor to exit their investments which is expected to give a fillip to both, cash strapped real estate projects and infrastructure projects.

– This will allow original equity investor to exit their investments which is expected to give a fillip to both, cash strapped real estate projects and infrastructure projects.

Non-Adversarial Tax Regime

Strong Impetus to the Economy

Non-Adversarial Tax Regime

- To improve the efficiency and equity of the tax system and to promote voluntary compliance, the emphasis of the government has been for providing a nonadversarial tax regime.

– Accordingly, the Central Board of Direct Taxes has issued detailed instructions to its field formations to ensure that the dignity of the taxpayers is respected while dealing with them, no frivolous demands are raised and no unnecessary litigation is continued.

– No cases of Retrospective Taxation

Relief Measures

Strong Impetus to the Economy

Relief Measures

- Life micro-insurance schemes for the poor exempted from service tax

– Transport of organic manure by vessel, rail or road (by GTA) exempted from service tax

– Loading, unloading, packing, storage or warehousing, transport by vessel, rail, road(GTA), of cotton, ginned or baled, exempted from service tax

– Services provided by common bio-medical waste treatment facility operators for safe disposal of waste exempted from service tax

Improvement of Business Environment

Improved Business Environment

India’s GDP growth for 2013-14 had recorded just 4.7% with industry growth at 0.4% and manufacturing growth recording a negative growth of -0.7%. During the year several initiatives were taken to give the necessary thrust to industry

A Lion's Step
Make in India’ is a LION’s step!
This initiative on one hand,
will increase manufacturing growth,
and at the same time,
will directly benefit
the youth of the nation
in the form of employment
Make in India

Improved Business Environment

Make in India

- The ‘Make in India’programme has been launched globally on 25th September 2014 with 25 thrust sectors and a dedicated portal with back end support up to Sectoral and State levels for facilitation. The initiative was simultaneously launched in the Capital of all States and in several Indian Embassies/High Commissions.

4 Pillars of Make in India

The ‘Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors.

New Processes:

‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. A number of initiatives have already been undertaken to ease business environment. The aim is to de-license and de-regulate the industry during the entire life cycle of a business.

New Infrastructure:

Availability of modern and facilitating infrastructure is a very important requirement for the growth of industry. Government intends to develop industrial corridors and smart cities to provide infrastructure based on state-of-the-art technology with modern high-speed communication and integrated logistic arrangements. Existing infrastructure to be strengthened through upgradation of infrastructure in industrial clusters. Innovation and research activities are supported through fast paced registration system and accordingly infrastructure of Intellectual Property Rights registration set-up has been upgraded. The requirement of skills for industry are to be identified and accordingly development of workforce to be taken up.

New Sectors:

An Investor Facilitation Cell has been created in ‘Invest India’ to guide, assist and handhold investors during the entire life-cycle of the business. This Cell will provide necessary information on vast range of subjects; such as, policies of the Ministries and State Governments, various incentive schemes and opportunities available, to make it easy for the investors to make necessary investment decision.

New Mindset:

Industry is accustomed to see Government as a regulator. ‘Make in India’ intends to change this by bringing a paradigm shift in how Government interacts with industry. The Government will partner industry in economic development of the country. The approach will be that of a facilitator and not regulator.

“Double benefits to manufacturers”

PM Modi's speech

Launch of the 'Make In India' global initiative

“Make in India is a LION’s step!” PM

Make in India

- An Investor Facilitation Cell has been created in ‘Invest India’ to guide, assist and handhold investors during the entire life-cycle of the business. This Cell will provide necessary information on vast range of subjects; such as, policies of the Ministries and State Governments, various incentive schemes and opportunities available, to make it easy for the investors to make necessary investment decision.

– Information on 25 sectors has been put up on www.makeinindia.com along with details of FDI Policy, National Manufacturing Policy, Intellectual Property Rights and Delhi Mumbai Industrial Corridor and other National Industrial Corridors.

Increasing Ease of Doing Business

Improved Business Environment

Increasing Ease of Doing Business

- The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24×7.

License

-The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24×7.

Defence Industries

- A major breakthrough has been pruning the list of Defence industries which require industrial licensing. Dual use items, having military as well as civilian applications, unless classified as defence item, will also not require Industrial License from defence angle.

NIC Code

- The latest National Industrial Classification Code NIC 2008 has been adopted, which will allow Indian businesses to be part of globally recognized and accepted classification that facilitate smooth approvals/registration.

Foreign Investors

- A checklist with specific time-lines has been developed for processing all applications filed by foreign investors in cases relating to Retail/NRI/EoU foreign investments and placed on the DIPP website

Securing India’s interests at WTO

Improved Business Environment

Securing India’s interests at WTO : - India stood up for & secured the rights of its farmers & poor by an agreement to continue its food security programme until a permanent solution is found & agreed upon.

– The NDA Govt under Narendra Modi took a bold stand to protect its poor while the previous Govt had settled for a temporary 4 year clause.

Liberalisation and FDI

Improved Business Environment

Liberalisation in Foreign Direct Investment (FDI)

-During 2014, FDI in Defence Industry has been permitted through the Government route up to 49%. Also, higher FDI can be allowed on case to case basis. Further, portfolio investment which was not permitted earlier has now been allowed up to 24% under automatic route.

– Further, FDI in construction, operation and maintenance of identified railway transport infrastructure up to 100% has been permitted through the automatic route. In sensitive areas, from security point of view, FDI beyond 49% would be allowed on a case to case basis.

– Recently, the norms for FDI in Construction Development Projects (which already permitted 100% FDI through automatic route) have been further liberalised.The minimum land area restriction has been removed for serviced plots. In case of construction-development projects, minimum built up area of 50,000 sq. meter has now been reduced to floor area of 20,000 sq. meter. Minimum capitalization has been reduced from US $ 10 million to US $ 5 million. Norms relating to repatriation of funds or exit from the project have also been liberalized.

Shramev Jayate
नजरिया अगर सम्‍मानजनक हो तो
‘श्रम योगी’ बन जाते हैं ‘राष्‍ट्र योगी’
और ‘राष्‍ट्र निर्माता’

Shramev Jayate

Simplified Processes for Business Units

- Online Forms & Amendment to Labour Laws

Simplified Processes for Business Units

Promoting Labour Welfare

- Large scale Skill Development Programs & Universal Account Number

Promoting Labour Welfare

- Shram Suvidha Portal: The Ministry of Labour & Employment has developed a unified Web Portal ‘Shram Suvidha Portal’. There are 4 main features of this Portal:

-Unique labour identification number (LIN) will be allotted to Units to facilitate online registration. This has already been issued to 7,40,850 Units as on 15.12.2014.

Simplified Single Online Return

Filing of self-certified and simplified Single Online Return by the industry instead of filing 16 separate Returns. Amendments to 10 Rules has been taken up.

Reports Within 24 Hours

Computerized inspection Reports within 72 hours by the Labour inspectors.

Timely Action

Timely redressal of grievances.

Transparent

Transparent Labour Inspection Scheme in Central Sphere for random selection of Units for Inspection

Amendments in Labour Law

Shramev Jayate

Amendments in Labour Law

- The ‘small’ establishments would now cover the establishments employing between 10 to 40 workers as against the existing provision of 10 to 19 workers.

– The small establishments will be required to maintain two registers as against the existing provision of maintaining three registers.

– Allow maintaining of registers or records in computer, cds or on other electronic media and submitting return through e-mail.

Amendments in Apprenticeship Act

Shramev Jayate

Amendments in Apprenticeship Act

- Trade-wise regulation of seats is to be replaced by a minimum and maximum percentage the total strength of the workers. Within this band, apprentices can be engaged in any trade.

– Industry can also engage apprentices in optional trades which are not designated, with the discretion of entry level qualification and syllabus.

– Scope being extended also to non-engineering occupations at diploma and degree level.

– Penalties in the form of fine only.

– Permission to outsource basic training in an institute of their choice. – Apprentices could also be from other states.

EPF Portability

Shramev Jayate

Portability through Universal Account Number (UAN) for Employees Provident Fund

- This will bring the Unorganised Workforce into mainstream by linking the portal with the details of labour force.

– Digitization of complete database of 4,22,48,558 EPF subscribers and allotment of UAN to each of them.

– UAN is being seeded with Bank account and Aadhar Card and other KYC details for financial inclusion.

Shramev Jayate

Large Scale Skill Development Programs

- Launched on 16th October, 2014 with an outlay of Rs.346 crores, Government will support one lakh apprentices in next two and a half years by sharing the 50 % of the stipend.

– A vision to have more than 20 lakh apprentices in next few years against present number of 2.9 lakh.

– Enhanced rates of stipend have been notified for trade apprentices.

Model Career Centres

- Outlay of the National Career Service (NCS) Project enhanced from Rs.148 crore to Rs.292 crores.

– NCS portal to be launched by March, 2015.

– 100 Model Career Centres to be developed.

– To provide training in Last Mile Employability skills.

Recognition of Prior Learning

(RPL) for construction sector

– More than 4.2 crore workers with low skill level.

– RPL Scheme started to give 15 day gap training at site for NCVT certificate.

- Revamp of training curricula on industry recommendations

-Training of ITI instructors through distance learning technology

– Incubation Centres and Chairs in IITs to promote innovation and excellence

– Eight new RVTIs for Women Training

– Flexi MoU with industry:
- New Advanced Training Institutes for training of trainers

Sabkaa Vikas
We are committed to transform the agriculture sector. We want to increase farmer income and the purchasing power of villages.
Strong Measures for Growth

Strong Measures for Growth of Agriculture

Steps taken to minimize effect of deficient Rainfall:

- Rainfall reduction with respect to Long Term Average: 12 % (June to September)

– Special initiative to ameliorate impact of deficit rainfall
Diesel subsidy

– Additional financial assistance for horticulture crops.

– 50% increase in seed subsidy

– Additional Fodder Development Scheme

– Waiver of import duty on oil-cakes

Technology to aid farmers

- Remote sensing and GPS technologies are being used for scientific and broad based selection of different kinds of fields for Crop Cutting Experiments.

– Interactive Voice Response System and Voice-based advisories to farmers have also been started.

– Kisan TV Channel dedicated to Agriculture being launched.

Soil Health Cards

-Government has initiated a scheme for Soil Health Card for every farmer in a mission mode with an initial allocation of Rs. 100 crore in 2014-15.

– An additional amount of Rs. 56 crore has been made to set up 100 mobile soil testing laboratories countrywide.

Availability of Credit

- Total loan disbursed to farmers during the first six months has increased from Rs.199141 crore during the last year to Rs.345200 crores this year.

Measures to maintain Price Parity

- A sum of Rs.500 crores have been earmarked for price stabilization

Better Linkages between Farmers & Market

- As an initiative of deregulation, States have been advised by the Government of India to bring fruits and vegetables out of ambit of APMC Act. 12 States have so far acted in accordance with the advice of GoI.

– Kisan Mandi was started in October, 2014 in Delhi so that Farmer Producer Organisations and farmers get linked to the consumers directly.

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