The document discusses key highlights of the Indian Union Budget for 2014-2015. It provides details of allocations to various sectors such as defense, food subsidies, railways, rural development and others. It also compares receipts and expenditures for fiscal years 2012-2013, 2013-2014 and 2014-2015. The document outlines expected outcomes for 2014-2015 including achieving fiscal deficit target of 3% of GDP by 2016-2017 and balancing price stability with economic growth. It recommends priorities such as infrastructure development, manufacturing, skill development and urbanization.
A descriptive presentation on Understanding the Union Budget - 2020, containing detailed interpretation of various amendments in Direct and Indirect Tax Structure.
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Good Luck!!
On 1st March 2021, CM Bhupesh baghel presented the budget for the state of Chhattisgarh. There are many schemes related to agriculture, education, health that lead Chhattisgarh to grow in the best possible way. For the first time, any state will present a separate budget for the child. The youth are having many expectations, that the CM will talk about the employment opportunity in the budget but again no such mention of employment. No provisions for tax.
This was a presentation on Budget Changes in the Direct Tax Regime at Ellisbridge Study Circle. Budget 2011 Direct Tax changes were covered in an exhaustive manner.
A descriptive presentation on Understanding the Union Budget - 2020, containing detailed interpretation of various amendments in Direct and Indirect Tax Structure.
Good Luck!!
Good Luck!!
On 1st March 2021, CM Bhupesh baghel presented the budget for the state of Chhattisgarh. There are many schemes related to agriculture, education, health that lead Chhattisgarh to grow in the best possible way. For the first time, any state will present a separate budget for the child. The youth are having many expectations, that the CM will talk about the employment opportunity in the budget but again no such mention of employment. No provisions for tax.
This was a presentation on Budget Changes in the Direct Tax Regime at Ellisbridge Study Circle. Budget 2011 Direct Tax changes were covered in an exhaustive manner.
our comprehensive presentation covering the key tax as well as financial proposals discussed during the Union Budget 2021-22 speech, which was delivered by Finance Minister Nirmala Sitharaman.
With plenty of hype surrounding the Budget owed to its arrival at a time when the country is reeling from a pandemic and an economic slowdown, the Budget covered various proposals which were centered around reducing the period of reopening of tax assessments, giving tax relief on certain fronts, streamlining tax litigation, corporate law, GST & other indirect taxes, and increasing the ease of doing business.
Union budget- Introduction, classification, procedure, current status of budget in India, military budget in India. Defence budget in India-its status, focus and forecasts of budgets
what is budget
Expectations of the public
Conclusions of Budget speech
surprising facts
sasta aur mehanga
plan & Non plan expenses
Capital expenses and revenue expenses
Revenue deficit & Fiscal Deficit
Rajiv Gandhi Equity Saving Scheme
Asset Creation
www.indiabudget.nic.in
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
our comprehensive presentation covering the key tax as well as financial proposals discussed during the Union Budget 2021-22 speech, which was delivered by Finance Minister Nirmala Sitharaman.
With plenty of hype surrounding the Budget owed to its arrival at a time when the country is reeling from a pandemic and an economic slowdown, the Budget covered various proposals which were centered around reducing the period of reopening of tax assessments, giving tax relief on certain fronts, streamlining tax litigation, corporate law, GST & other indirect taxes, and increasing the ease of doing business.
Union budget- Introduction, classification, procedure, current status of budget in India, military budget in India. Defence budget in India-its status, focus and forecasts of budgets
what is budget
Expectations of the public
Conclusions of Budget speech
surprising facts
sasta aur mehanga
plan & Non plan expenses
Capital expenses and revenue expenses
Revenue deficit & Fiscal Deficit
Rajiv Gandhi Equity Saving Scheme
Asset Creation
www.indiabudget.nic.in
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
This presentation is just designed in public interest and also to make the term DEMONETIZATION lucid to understand. Dont forget to hit like button before you proceed to download. And stay tuned to my channel so that I can serve you better by providing you ppt on current topics............
Edelman India Public Affairs team provides an analysis of the Union Budget 2018-19 tabled in Parliament on Feb 1 -- featuring opinions from eminent economists and industry experts.
Contributors include:
Mr. T.S. Vishwanath
Partner, APJ-SLG Law Offices and Senior Advisor, Edelman India
Mr. Nirankar Saxena
Deputy Secretary General, FICCI
Dr. Geethanjali Nataraj
Professor of Applied Economics, Indian Institute of Public Administration
Dr. Amir Ullah Khan
Development Sector Economist, Professor and Director at the Maulana Azad National Urdu University, Visiting faculty of Economic Policy at the Indian School of Business
Mr. Neeraj Bansal
Partner and Head – ASEAN Corridor and Building, Construction and Real Estate sector, KPMG in India
Mr. Ravi S. Kochak
Former Additional Member (Production Units), Indian Railways
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Good news for people with annual income of 15lakhs and less. The proposed changes by the Finance Minister in tax slab and tax rate will give relief to the middle class. All in all a balancing budget for the Indian economy. For more news and updates, click the link: http://bit.ly/FDNewspaper
#sharemarket #mutualfunds #trading #stocks #FinDoc
As Europe's leading economic powerhouse and the fourth-largest hashtag#economy globally, Germany stands at the forefront of innovation and industrial might. Renowned for its precision engineering and high-tech sectors, Germany's economic structure is heavily supported by a robust service industry, accounting for approximately 68% of its GDP. This economic clout and strategic geopolitical stance position Germany as a focal point in the global cyber threat landscape.
In the face of escalating global tensions, particularly those emanating from geopolitical disputes with nations like hashtag#Russia and hashtag#China, hashtag#Germany has witnessed a significant uptick in targeted cyber operations. Our analysis indicates a marked increase in hashtag#cyberattack sophistication aimed at critical infrastructure and key industrial sectors. These attacks range from ransomware campaigns to hashtag#AdvancedPersistentThreats (hashtag#APTs), threatening national security and business integrity.
🔑 Key findings include:
🔍 Increased frequency and complexity of cyber threats.
🔍 Escalation of state-sponsored and criminally motivated cyber operations.
🔍 Active dark web exchanges of malicious tools and tactics.
Our comprehensive report delves into these challenges, using a blend of open-source and proprietary data collection techniques. By monitoring activity on critical networks and analyzing attack patterns, our team provides a detailed overview of the threats facing German entities.
This report aims to equip stakeholders across public and private sectors with the knowledge to enhance their defensive strategies, reduce exposure to cyber risks, and reinforce Germany's resilience against cyber threats.
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Subhajit Sahu
Abstract — Levelwise PageRank is an alternative method of PageRank computation which decomposes the input graph into a directed acyclic block-graph of strongly connected components, and processes them in topological order, one level at a time. This enables calculation for ranks in a distributed fashion without per-iteration communication, unlike the standard method where all vertices are processed in each iteration. It however comes with a precondition of the absence of dead ends in the input graph. Here, the native non-distributed performance of Levelwise PageRank was compared against Monolithic PageRank on a CPU as well as a GPU. To ensure a fair comparison, Monolithic PageRank was also performed on a graph where vertices were split by components. Results indicate that Levelwise PageRank is about as fast as Monolithic PageRank on the CPU, but quite a bit slower on the GPU. Slowdown on the GPU is likely caused by a large submission of small workloads, and expected to be non-issue when the computation is performed on massive graphs.
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Opendatabay - Open Data Marketplace.pptxOpendatabay
Opendatabay.com unlocks the power of data for everyone. Open Data Marketplace fosters a collaborative hub for data enthusiasts to explore, share, and contribute to a vast collection of datasets.
First ever open hub for data enthusiasts to collaborate and innovate. A platform to explore, share, and contribute to a vast collection of datasets. Through robust quality control and innovative technologies like blockchain verification, opendatabay ensures the authenticity and reliability of datasets, empowering users to make data-driven decisions with confidence. Leverage cutting-edge AI technologies to enhance the data exploration, analysis, and discovery experience.
From intelligent search and recommendations to automated data productisation and quotation, Opendatabay AI-driven features streamline the data workflow. Finding the data you need shouldn't be a complex. Opendatabay simplifies the data acquisition process with an intuitive interface and robust search tools. Effortlessly explore, discover, and access the data you need, allowing you to focus on extracting valuable insights. Opendatabay breaks new ground with a dedicated, AI-generated, synthetic datasets.
Leverage these privacy-preserving datasets for training and testing AI models without compromising sensitive information. Opendatabay prioritizes transparency by providing detailed metadata, provenance information, and usage guidelines for each dataset, ensuring users have a comprehensive understanding of the data they're working with. By leveraging a powerful combination of distributed ledger technology and rigorous third-party audits Opendatabay ensures the authenticity and reliability of every dataset. Security is at the core of Opendatabay. Marketplace implements stringent security measures, including encryption, access controls, and regular vulnerability assessments, to safeguard your data and protect your privacy.
2. Union Budget :-
According to Article 112 of the Indian Constitution,
the Union Budget of a year, also referred to as the
annual financial statement, is a statement of the
estimated receipts and expenditure of the
government for that particular year.
6/25/20142
4. Comparative study of FY 2012-15
0
5000
10000
15000
20000
25000
30000
2012-13 Actual2013-14 Budgeted Budget2013-14 Revised2014-15 Estimated Budget
Total Reciepts
Non Plan
Expenditure
Total Reciepts 19158.23 24940.31 26589.02 29825.16
Non Plan Expenditure 13751.16 16619.46 17214.11 18676.55
Plane Expenditure 5511.1 8710.38 9784.62 11677.23
2014-15
Estimated
2012-13
Actual
2013-14
Budgeted
2013-14
Revised
6/25/20144
5. Highlights Of 2015......
Food subsidy will be Rs 1,15,000 crore for
implementation of National Food Security Act.
Defence allocation increased by 10 per cent to Rs
2.24 lakh crore.
Rs 2,46,397 crore allocated for food, fertilizer and
fuel subsidy.
Budgetary support to railways increased from Rs
26,000 crore to Rs 29,000 crore 2014-15.
Plan expenditure will be Rs 5,55,322 crore in
2014-15.
6/25/20145
6. Rs 3,370 crore to transferred to 2.1 crore LPG
users.
Rs 1,000 crore grant for Nirbhaya Fund.
4 ultra mega solar power projects in 2014-15.
Expenditure on education has risen from Rs
10,145 crore 10 years ago to Rs 79,251 crore this
year.
3 more industrial corridors — Chennai,
Bangalore, Bangalore-Mumbai, Amritsar-Kolkata
— under various stages of
implementation
Highlights Of 2015......
6/25/20146
7. 296 projects worth Rs 6,60,000 crore cleared by
Cabinet Committee on Investment by end
January 2014.
Agriculture credit will cross $45 billion against $41
billion in 2012-13.
Rs 6000 crore to rural housing fund, Rs 2000
crore for urban housing fund.
Rs 3711 crore for minority affairs; housing and
urban poverty alleviation gets Rs 6000 crore.
Rs 6000 crore to rural housing fund, Rs 2000
crore for urban housing fund.
Highlights Of 2015......
6/25/20147
8. Excise duty on SUVs to be increased to 30 per cent
from 27 per cent, SUVs registered as taxis exempted.
18% rise in excise duty on Cigarattes, cigars and
cheerots.
Service tax on all A/C restaurants.
Royalty tax hiked from 10% to 25%.
Rs. 1,000 crore each for women, youth funds.
Rs. 1,000 crore for Nirbhaya fund.
Rs. 2 trillion for defence sector.
Rs 27,049 crore allocation to the Agriculture Ministry
in 2013—14.
Food grain production in 2012—13 will be over 250
million tons.
Highlights Of 2014......
6/25/20148
9. Rs 15,260 crore to be allocated to Ministry of Drinking
Water and Sanitation.
Rs 80,194 crore allocation for Ministry of Rural
Development.
Rs 13215 crore for mid-day meal programme.
Rs 17,700 crore to be allocated for Integrated Child
Development Scheme.
Rs 37,330 crore allocated for Ministry of Health &
Family Welfare.
Highlights Of 2014......
6/25/20149
11. 6/25/201411
Sr.no SCHEME ALLOCATION AMOUNT
1 Panchayat Empowerment & Accountability Incentive Scheme 40.00
2 Management Cell 20.00
3 Contribution to International Organisations 0.10
4 External Assistance under Projects Assisted by UN Agencies 4.90
5 Panchayat Mahila Evam Yuva Shakti Abhiyan 1.75
6 Media & Publicity 17.00
7 Rural Business Hubs 0.25
8 Action Research 3.00
9 Resource support to State 8.00
10 Rashtriya Gram Swaraj Yojana
a. Training & Capacity Building 75.00
b. Infrastructure Development 40.00
11. e-Panchayats 40.00
12. Rajiv Gandhi Panchayat Sashaktikaran Abhiyan (RGPSA) 50.00
13. Backward Regions Grant Fund (BRGF) 5050.00
TOTAL
5350.00
12. Industry/N.G.O’s/Household
Expectations:-
6/25/201412
Zilla panchayat president K Koragappa Naik and standing committee chairperson Asha
Thimmappa Gowda expressed concern over PDOs carrying official laptops to homes and to
other gram panchayats when they are transferred. "Is not laptop an asset of the gram
panchayat? PDOs should not be allowed to take laptops home and use it for their personal
work at any cost. Hence, all laptops should be kept at the gram panchayat offices ony," Naik
said.
The discussion on laptop went on and finally the issue was solved by resolving that laptops
should be provided to all gram panchayats in the district. At present, 126 out of 203 gram
panchayats have laptops. This action will directly affect the market of laptops manufacturer
companies.
The village Gohran in district Kaithal has emerged as 'Madhu Gram' as 110 unemployed
youth of this village are relying solely on Bee Keeping for their livelihood. T he total honey
production of the entire village accounts to about 350 tone and total income generated from
honey is 2.61 crore with honey sold at the rate of Rs. 75 per Kilo gram during last year. The
average net income per family has reached to Rs. 2.5 lakh per annum per family.
Indira Awas Yojana(IAY): Under the program houses a cost of Rs.20,000/- are constructed
for the families having no shelter and living below poverty line. W.e.f. 01-04-1999, one more
component i.e. upgradation of unserviceable houses has been introduced. Rs.10,000/- will
be given for upgradation which will include smokeless chulha and a toilet. 20% of the total
allocation under the program will be spent on this component. A house will include dwelling
unit along with kitchen, smokeless chulha and a toilet.
13. Actual allocation and policy
measures listed out in the budget.
6/25/201413
Panchayati Raj
The Rajiv Gandhi Panchayat Sashaktikaran
Abhiyan (RGPSA) was started in the current year
with a modest allocation of `50 crore. Keeping in
view the importance of building capacity in
panchayati raj institutions, I had allocated `455
crore to the Ministry of Panchayati Raj in 2013-
14. I propose to provide an additional `200 crore .
200 crore have been provided under the scheme.
Action completed
14. 6/25/201414
PRADHAN MANTRI GRAM SADAK YOJANA
(PMGSY)
Pradhan Mantri Gram Sadak Yojana (PMGSY) was
launched on 25th December 2000 as a fully funded
Centrally Sponsored Scheme to provide all weather
road connectivity in rural areas of the country. The
programme envisages connecting all habitations with
a population of 500 persons and above in the plain
areas and 250 persons and above in hill States, the
tribal and the desert areas. This would involve
construction of 1,46,185 Kms of rural roads. Bharat
Nirman envisages upgradation/renewal of 1,94,130
Kms of existing rural roads. This comprises 60%
upgradation from Government of India and 40%
Actual allocation and policy
measures listed out in the budget.
15. 6/25/201415
The Backward Regions Grant Fund (BRGF)
is a vital source of gap funding. I propose to allocate `11,500
crore in 2013-14 as well as another sum of `1,000 crore for LWE
affected districts. BRGF will include a State component for Bihar,
the Bundelkand region, West Bengal, the KBK districts of Odisha
and the 82 districts under the Integrated Action Plan. The present
criteria for determining backwardness are based on terrain,
density of population and length of international borders. It may
be more relevant to use a measure like the distance of the State
from the national average under criteria such as per capita
income, literacy and other human development indicators. I
propose to evolve new criteria and reflect them in future planning
and devolution of funds.
Work in progress
A committee set up to evolve a composite development index of
States and to recommend criteria has submitted its report. The
recommendations are being examined by Planning Commission.
Actual allocation and policy
measures listed out in the budget.
16. Future projections of main budget that outcomes from FY
2014-15
i. Fiscal Consolidation: A target of fiscal deficit of 3 percent of GDP must be achieved by 2016-17 and
must always be kept below that level.
ii. Price Stability and Growth: In a developing economy where the aim is high growth, a moderate level
of inflation will have to be accepted. RBI must strike a balance between price stability and growth while
formulating monetary policy.
iii. Financial Sector Reforms: The recommendations of the Financial Sector Legislative Reforms
Commission must be implemented immediately as they do not require any change in legislation. Also, a
timetable must be drawn for other recommendations that require legislation.
iv. Infrastructure: The country must rebuild its infrastructure and add a huge quantity of new
infrastructure. Every proven model must be adopted but the PPP model must be more widely used. New
financing structures must be created for long term funds and pooling of investments.
v.Manufacturing: The Government must focus on manufacturing and especially on manufacturing for
export. The Minister proposed that all taxes, Central and State, that go into an exported product should
be waived or rebated. He also proposed that there should be a minimum tariff protection so that there is
an incentive to manufacture goods in India rather than import them into India.
17. vi .Subsidies: Given the limited resources, and the many claims on the resources, the
Government must choose the subsidies that are absolutely necessary and give them only to the
absolutely deserving.
Vii.Urbanization: The country’s cities will become ungovernable, and perhaps unliveable, if
attention is not paid to the decay in these cities. Cities have wealth and also create wealth. But
that wealth should be tapped for resources to rebuild the cities with a new model of governance.
Viii. Skill Development: Skill development must rank alongside secondary education,
university education, total sanitation and universal health care in the priorities of the
Government.
Xi.Sharing responsibility between States and Centre: States have the fiscal space to bear a
reasonable proportion of the financial costs of implementing flagship programmers and must
willingly do so, so that the Central Government can allocate more resources for subjects such as
defense, railways national highways and telecommunications that are its exclusive responsibility.
Finance Minister Shri P Chidambaram said that in the next three decades India will become the
third largest economy behind USA and China.