Prime Minister Narendra Modi led government has even at this early stage provided several indications that national interest and constitutional proprieties will govern decision making.
With the General Elections coming up in April-May, political parties are drafting their manifestos taking into account the perspectives of all stakeholders, including industry. As Indian industry plays a vital role in nation-building, CII undertook a wide-ranging consultative process to prepare a suggested Election Manifesto for consideration of political parties, in the context of subdued GDP growth outlook.
The mission statement of CII’s Suggested Election Manifesto is to ‘Empower All Indians to Build an Inclusive, Developed and Secure Nation’.
We have subsequently had detailed interactions with several Political parties with our suggestions, for their consideration.
This issue of Policy Watch focuses on the suggested Election Manifesto for Political Parties.
The current issue of Economy Matters focuses on “Financial Sector in India”. In Domestic Trends, we present an Economy Overview along with an analysis of the latest data on IIP, Inflation, Fiscal situation, Monsoon and Trade performance. In Policy Focus, we present the highlights of the key policies announced by the Government/RBI during October 2017. Analysis of Canada’s GDP, IMF’s latest global forecast and US Non-Farm Payroll data is covered in Global Trends.
With the General Elections coming up in April-May, political parties are drafting their manifestos taking into account the perspectives of all stakeholders, including industry. As Indian industry plays a vital role in nation-building, CII undertook a wide-ranging consultative process to prepare a suggested Election Manifesto for consideration of political parties, in the context of subdued GDP growth outlook.
The mission statement of CII’s Suggested Election Manifesto is to ‘Empower All Indians to Build an Inclusive, Developed and Secure Nation’.
We have subsequently had detailed interactions with several Political parties with our suggestions, for their consideration.
This issue of Policy Watch focuses on the suggested Election Manifesto for Political Parties.
The current issue of Economy Matters focuses on “Financial Sector in India”. In Domestic Trends, we present an Economy Overview along with an analysis of the latest data on IIP, Inflation, Fiscal situation, Monsoon and Trade performance. In Policy Focus, we present the highlights of the key policies announced by the Government/RBI during October 2017. Analysis of Canada’s GDP, IMF’s latest global forecast and US Non-Farm Payroll data is covered in Global Trends.
India Public Affairs Round-up by @MSL_GROUP - Dec 2013MSL
In the next few months, India will undertake what is perhaps the largest democratic exercise in the world – its next general election.
Every election has a profound economic and social impact. Elections 2014 will be no different for India. On its result will depend the bold economic reforms and ambitious development programs India needs.
Over the next few months, as election fever intensifies and the next government takes oath, MSLGROUP will roll out a content and insights program based on the elections and titled ‘Voice Of India 2014’. It will include infographics, blogs, editions of this newsletter dedicated to the elections, and much more.
The December 2013 edition of MSLGROUP in India’s Public Affairs Round-up (PAR) newsletter is the first offering of this program.
Respected public affairs veteran Bipul Kiran Singh analyses the impact of coalitions on the pace of reforms and our insights team analyses how the new Land Acquisition Bill will impact votes and industry.
The Union Budget 2018-19 had some excellent measures to ease the lives of the common people with emphasis on the farm sector, education, healthcare and social protection. A pick up in agricultural growth together with adequate price realisation by farmers is required for rural livelihoods to stabilise. Small and medium enterprises received a boost through tax measures as well as access to credit. The introduction of fixed term employment has been a long pending demand from industry. In a difficult year, the Finance Minister has done well to contain the fiscal deficit at 3.5 per cent of GDP, a deviation of 0.3 per cent from the Budget estimate. The plan to move towards fiscal consolidation in the coming year would maintain macro stability and enhance investor confidence.
Impact of Goods and Services Tax on Indian Economyijtsrd
The Goods and Services Tax, also known as GST Goods and Service Tax , came into force in India on 01 July 2017. Now there is a free flow of goods in the country and the concern of tax rates of businessmen have ended. The Goods and Services Tax rate in India is the highest at 28 percent, which frustrates businessmen. GST replaced very complex and many indirect taxes such as production duty, sales tax, entry tax, VAT etc. The objective of the Government of India to implement this was to encourage development by adopting the system of “one nation, one tax, one market†by exempting the country from the different tax rates of different states. Goods and services have become expensive with GST. But it will have to wait for its positive and negative results, and see which side is to turn. Finally, how does the Goods and Services Tax affect consumers Dr. Sumit Trivedi "Impact of Goods and Services Tax on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41316.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/41316/impact-of-goods-and-services-tax-on-indian-economy/dr-sumit-trivedi
1.Increase In NPA
Graph Showing NPA
Lessons From NPA Crisis
Recommendations By Mr. Raghuram Rajan
P.J Nayak Committee Recommendations
Roads Ahead
2. Increase In Fiscal Deficit
Graph Showing Fiscal Deficit
GOVERNMENT MEASURES
3. Low Level Of Technology
Reasons For Low Level Of Technology
Achievements
Government Measures
4. Dependency Of India On Oil
Dependency On Oil Imports
Current Challenges
Roads Ahead
5. Low Level Of Demand
Reasons
Government Measures
The Union Budget 2018-19 is going to be the last full Budget of the incumbent government and will be keenly watched for the twin provisions of driving investment and growth on one hand while maintaining fiscal discipline on the other. CII expects Budget 2018-19 to focus on four key areas: investment revival, job creation, growth of the agricultural sector and development of the social sectors of education and healthcare. CII has recommended that the government stick to fiscal prudence which in turn will help in softening interest rates and boosting GDP growth in the near to medium-term. While a slippage from the budgeted target of 3.2 per cent of GDP fiscal deficit for FY18 looks imminent now, an attempt should be made to raise additional resources so as not to diverge from the targeted deficit level by a large magnitude. This month issue of CII Economy Matters focuses on Pre-Budget Expectations: 2018-19.
Focus of the Month: Employment and Skill Development
One of the key factors driving India’s impressive growth
rate is the demographic dividend, based on a workforce
that will continue to grow into the middle of the century
and power our saving and investment rates. Moreover,
the evolving demographics unambiguously point out that
India will remain a young nation and the largest contributor
to the global workforce over the next few decades
- an exceptional strength compared to the rapidly ageing
population in the Western countries, and that in China,
owing to its one-child policy. The rise in its working-age
population, however, is necessary but not sufficient for
India to sustain its economic growth. If India does not
create enough jobs and its workers are not adequately
prepared for those jobs, its demographic dividend may
turn into a liability. While employment is one side of the
challenge, employability is the obverse. The skill development
endeavor has to be accelerated and greatly scaled
up in a joint effort of Government, industry and civil society.
In view of the increasing importance of both employment
and skill development of labour force in India,
in this month’s Focus of the Month, we cover this crucial
issue in detail.
Modi One Year On
A Research Report by
Hudson Institute’s South Asia Program
Husain Haqqani, Director, South and Central Asia
Aparna Pande, Director, India Initiative
India Public Affairs Round-up by @MSL_GROUP - Dec 2013MSL
In the next few months, India will undertake what is perhaps the largest democratic exercise in the world – its next general election.
Every election has a profound economic and social impact. Elections 2014 will be no different for India. On its result will depend the bold economic reforms and ambitious development programs India needs.
Over the next few months, as election fever intensifies and the next government takes oath, MSLGROUP will roll out a content and insights program based on the elections and titled ‘Voice Of India 2014’. It will include infographics, blogs, editions of this newsletter dedicated to the elections, and much more.
The December 2013 edition of MSLGROUP in India’s Public Affairs Round-up (PAR) newsletter is the first offering of this program.
Respected public affairs veteran Bipul Kiran Singh analyses the impact of coalitions on the pace of reforms and our insights team analyses how the new Land Acquisition Bill will impact votes and industry.
The Union Budget 2018-19 had some excellent measures to ease the lives of the common people with emphasis on the farm sector, education, healthcare and social protection. A pick up in agricultural growth together with adequate price realisation by farmers is required for rural livelihoods to stabilise. Small and medium enterprises received a boost through tax measures as well as access to credit. The introduction of fixed term employment has been a long pending demand from industry. In a difficult year, the Finance Minister has done well to contain the fiscal deficit at 3.5 per cent of GDP, a deviation of 0.3 per cent from the Budget estimate. The plan to move towards fiscal consolidation in the coming year would maintain macro stability and enhance investor confidence.
Impact of Goods and Services Tax on Indian Economyijtsrd
The Goods and Services Tax, also known as GST Goods and Service Tax , came into force in India on 01 July 2017. Now there is a free flow of goods in the country and the concern of tax rates of businessmen have ended. The Goods and Services Tax rate in India is the highest at 28 percent, which frustrates businessmen. GST replaced very complex and many indirect taxes such as production duty, sales tax, entry tax, VAT etc. The objective of the Government of India to implement this was to encourage development by adopting the system of “one nation, one tax, one market†by exempting the country from the different tax rates of different states. Goods and services have become expensive with GST. But it will have to wait for its positive and negative results, and see which side is to turn. Finally, how does the Goods and Services Tax affect consumers Dr. Sumit Trivedi "Impact of Goods and Services Tax on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41316.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/41316/impact-of-goods-and-services-tax-on-indian-economy/dr-sumit-trivedi
1.Increase In NPA
Graph Showing NPA
Lessons From NPA Crisis
Recommendations By Mr. Raghuram Rajan
P.J Nayak Committee Recommendations
Roads Ahead
2. Increase In Fiscal Deficit
Graph Showing Fiscal Deficit
GOVERNMENT MEASURES
3. Low Level Of Technology
Reasons For Low Level Of Technology
Achievements
Government Measures
4. Dependency Of India On Oil
Dependency On Oil Imports
Current Challenges
Roads Ahead
5. Low Level Of Demand
Reasons
Government Measures
The Union Budget 2018-19 is going to be the last full Budget of the incumbent government and will be keenly watched for the twin provisions of driving investment and growth on one hand while maintaining fiscal discipline on the other. CII expects Budget 2018-19 to focus on four key areas: investment revival, job creation, growth of the agricultural sector and development of the social sectors of education and healthcare. CII has recommended that the government stick to fiscal prudence which in turn will help in softening interest rates and boosting GDP growth in the near to medium-term. While a slippage from the budgeted target of 3.2 per cent of GDP fiscal deficit for FY18 looks imminent now, an attempt should be made to raise additional resources so as not to diverge from the targeted deficit level by a large magnitude. This month issue of CII Economy Matters focuses on Pre-Budget Expectations: 2018-19.
Focus of the Month: Employment and Skill Development
One of the key factors driving India’s impressive growth
rate is the demographic dividend, based on a workforce
that will continue to grow into the middle of the century
and power our saving and investment rates. Moreover,
the evolving demographics unambiguously point out that
India will remain a young nation and the largest contributor
to the global workforce over the next few decades
- an exceptional strength compared to the rapidly ageing
population in the Western countries, and that in China,
owing to its one-child policy. The rise in its working-age
population, however, is necessary but not sufficient for
India to sustain its economic growth. If India does not
create enough jobs and its workers are not adequately
prepared for those jobs, its demographic dividend may
turn into a liability. While employment is one side of the
challenge, employability is the obverse. The skill development
endeavor has to be accelerated and greatly scaled
up in a joint effort of Government, industry and civil society.
In view of the increasing importance of both employment
and skill development of labour force in India,
in this month’s Focus of the Month, we cover this crucial
issue in detail.
Modi One Year On
A Research Report by
Hudson Institute’s South Asia Program
Husain Haqqani, Director, South and Central Asia
Aparna Pande, Director, India Initiative
"In today's schools, there is all too often an emphasis placed on analyzing a specific act within the context of an isolated incident, rather than taking the ‘totality of circumstance’ into consideration before rendering an assessment. This program removes the complications of the reporting process and facilitates awareness through an anonymous, simple, yet effective application. Our goal is to to help ensure the emotional and physical well-being for all involved by empowering the individual observer to have a positive impact on future safety.”
— Spencer Coursen
The brochure Connected lighting introduces devices which iLumTech presents under the brand Connected lighting - several lighting control components (fully DALI compatible) for small and middle size installations. All of these devices have the common aim: to deliver to customers the most often functions from the intelligents lighting management products for a reasonable price with an easy installation. “Connected lighting” devices are developed by iLumTech combined cleverly together with the aim of offering customers maximum satisfaction and enjoyment while operating tailored lighting installation.
Keep Yourself Safe In The Parking Lot: Seven Simple SolutionsSpencer Coursen
80% of reported crime at retail and shopping centers happens in the parking lot.
Make these following best practices part of your everyday "parking process" to help increase your situational awareness and drastically reduce your likelihood of being attacked.
Help keep yourself safe with these simple, practical, and realistic reminders. "Safety Made Simple" is all about common sense suggestions that everyone can use to prepare today for a safer tomorrow.
DALI Power line communication is a revolutionary technology which allows to control the DALI devices through existing power lines without additional wiring and saving of up to 30% of total install cost. The main advantage is its flexibility – it works with any DALI driver and the installer is not limited by size of the luminaire since the DALI PLC coupler can be installed outside of the luminaire.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
In the publication "India 2020 Economy Outlook", D&B attempts to evaluate and analyse the prospects of the Indian economy over the next six years. This publication provides a forecast of key macroeconomic variables over the next few years. The publication also covers analysis of various Indian states with respect to their potential to contribute to India’s growth. It also analyses various enablers and major policy initiatives that would drive and facilitate India’s economic journey. It also presents various challenges to growth in the next few years.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
1. www.sancharexpress.com
KEY ECONOMIC MANAGEMENT CHARACTERISTICS OF THE PM
NARENDRA MODI LED GOVERNMENT
It has been little more than two months since the Prime Minister Narendra Modi
led government formed the Union Government after obtaining substantial
majority in Lok Sabha during the April-May 2014 General Election.
Poor economic management, and the widespread perception that many decisions
taken by the previous UPA (United Progressive Alliance) government, led by the
Indian National Congress (INC), were not being taken in national interest, were
major factors in favorable results obtained by Prime Minister Modi’s Bharatiya
Janata Party (BJP). Widespread perception that UPA government had over many
years significantly undermined functioning of the constitutional bodies for
partisan purposes, eroding trust between the government and the governed, also
contributed to the BJP’s victory.
Prime Minister Narendra Modi led government has even at this early stage
provided several indications that national interest and constitutional proprieties
will govern decision making.
2. www.sancharexpress.com
Three examples may be cited. The first concerns the decision to refine rather than
discard Aadhar project and Direct Benefit Transfer (DBT). It has been reported
that in this decision, a meeting of the Prime Minister with Mr. Nandan Nilekani, a
well-respected former corporate executive from the IT industry and a Congress
Minister in charge of the Aadhar Project in the previous government, played an
important role. Willingness at the highest executive level to have a dialogue on a
flagship project of the previous government, and recognizing its merits, has sent a
positive signal to the nation.
The second example is the tendency to focus on economic management and on
improving governance rather than on highlighting mismanagement and lack of
competence of the previous government. Thus, both the Railway Budget and the
main Budget, both first of the new government, have focused on the current and
future initiatives and eschewed the past.
After a considerable lag, the country has a Railway Minister who deserves to be in
charge of the Indian Railways. Encouragingly, his focus is on improving the
functioning of the Indian Railways, encouraging technology, improving
organizational and individual incentives, and introducing competition and
contestability. An explicit linkage with economic and physical infrastructure
needed for better physical connectivity for people and for goods to serve the
needs of INR 120 trillion economy (assuming 12 percent nominal growth is
sustained, the size of the economy will be INR 480 trillion by 2026, only 12 years
away), and international trade in goods and services amounting to USD 1.2
trillion) is also being made.
The third example concerns the launch of a portal organized around key themes,
to communicate with the government. There is also proposal for Bank of ideas
and innovations for infrastructure to be set up.The new government recognizes
that chances favor the connected mind, and that new ideas are vital in improving
productivity. Ideas sought from those in the social media, and the general public,
represent a good base to begin to build trust between the government and the
people.
3. www.sancharexpress.com
There are indications that Prime Minister Modi’s government has improved
perceptions about India, and its growth prospects. This is illustrated by Barclays
Bank highlighting that 6 percent growth is closer than commonly perceived
(August 1, 2014, Emerging Markets Research). Other researchers have also
revised growth rates for India upwards.
Economic Management: Key Characteristics
The main economic priorities of the current government,also reflected in the
2014-15 Budget, are to raise economic growth rate, while keeping inflationary
pressures at manageable levels; achieve fiscal consolidation i.e reducing revenue
and fiscal deficits; and generating productive livelihoods in large numbers
relatively quickly.
These are difficult goals with inherent trade-offs requiring considerable skills and
competence in economic and political management. At a time when confidence in
India growth story need to be further restored as well as sustained, and
4. www.sancharexpress.com
significant geo-economic and geo-strategic risks exist across the world,
policymakers must especially guard against potential downside risks in the
economic management approach and initiatives which they undertake.
An additional constraint which requires greater recognition is that India’s current
government administrative practices, and mind-sets of political other leadership
need reorientation, with greater focus on outcomes or results obtained, rather
than on spending.
The current government structure, therefore need to be reoriented towards
outcomes, while recognizing weak fiscal position. Those urging the government to
take bolder (some call it transformative) approaches, may well consider that any
organization, let alone as large as union Government, (the 2014-15 Union Budget
Proposes spending of INR 18.0 trillion (about USD 300 billion, equivalent to 16.3
percent of GDP, and tax revenue of INR 13.6 trillion, equivalent to 12.4 percent of
GDP cannot be undertaken at a speed for which the system is not ready. The
total number of government and semi-government employees in the country is
around 25 million, with numbering about 4 million.
The above recognition helps to explain the decision to obtain better performance
from the existing government structures and organizations, assisted by better
policy, program, and organizational coherence, application of requisite
technology, and injection of appropriate economic reasoning and literacy.
To obtain better performance from existing structures is also consistent with the
economic management approach adopted when Prime Minister Modi governed
the state of Gujarat as its chief Minister.
As system capabilities improve, and positive impact of seemingly incremental
steps become more visible, progressively more ambitions initiatives can be
expected. The methodical approach to economic management adopted, with
cumulative impact of seemingly small but having disproportionately positive
impact on outcomes, is better suited to current capabilities.
5. www.sancharexpress.com
However, this approach will have limitations. Once there are positive results, and
confidence and capabilities of government systems, and societal mind sets
become more consistent with achieving more rapid growth, appropriate
initiatives can be undertaken. This will require changes by all stakeholders,
including the general public and will need improved leadership at all levels, not
just in the government.
Prime Minister Narendra Modi led government has made a sound start in tapping
growth and employment generation drivers, and in improving public financial
management. The critics should not let the best be the enemy of the good.
Sanchar Express
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