Indian Economy-News & Updates

[Bombaywalla]

Bombay - Aurangabad - Nagpur Expressway | 710 km | 8 lanes | Approved

cc: Maharashtra Times

 

[anant_s]

Kazakh Railways KZ8A
This is closest how our own WAG 10 (i'm almost sure of this class number now), would look like, albeit minor changes in livery.

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
18-09-2016

#Economy:Govt to issue notification for implementation of environment friendly Bharat Stage (BS) VI fuel emission norms for vehicles from April 2020.The BS norms regulate the amount of pollutants a vehicle is allowed to emit. The urgency to maintain the deadline for the introduction of BS-VI has been prompted by the rising concern over air pollution. Emissions from vehicles account for at least 14% of the air pollution in cities.

#Finance:The Jammu and Kashmir Govt has recorded over 11% growth in realisation of excise tax revenue in the first five months of current fiscal collecting Rs 512.20 crore, despite two-and-a-half months long unrest in Kashmir Valley.

#The Govt came out with a new policy for marble and travertine imports in which it has put an end to quantitative restriction on the imports and the restrictive import licensing system.

#Mera Bharat Mahaan:In a bid to promote domestic solar equipment manufacturing while complying with global trade norms, India is looking to revamp its domestic sourcing scheme under the National Solar Mission.
The new norms are likely to push local manufacturing through subsidies and increased procurement of home made solar panels by Govt agencies and public sector utilities.

भारत माता की जय

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
19-09-2016

#Economy:As the Govt readies plan to merge railway budget with the general budget and switch to January-December financial year, Minister of State for Finance said the move will benefit the industry and exporters.

#Finance:Road Transport and Highways Ministry is considering a Rs 4,000 crore overhaul of around 80 border check posts across the country to ensure seamless flow of goods ahead of the implementation of GST.

#Swaraj Abhiyan has said it will set up district level legal bodies across the country to bridge the gaps and address citizen's problems at the hand.These bodies will constitute of a citizen, a lawyer, a doctor and workers to help people voice their concerns and find solutions. It was decided that no corporate funding will be utilised for the setting up of these bodies.

#Mera Bharat Mahaan: India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase inter-regional trade by 60%.

भारत माता की जय

 

[Ankit Kumar 002]

Ministry of Railways
19-September, 2016 15:29 IST

Provision of Yatri Mitra Sewa for booking of wheelchair services cum porter services at Railway Stations.

With a view to provide support to old and differently abled passengers requiring assistance at the stations, Ministry of Railways has decided to introduce Yatri Mitras Sewa for enabling passengers to book wheelchair services cum porter services. The salient features of the Yatri

Mitra Seva are as under:

1. Yatri Mitra
A Yatri Mitra can either be a Sahayak or any other person provided by IRCTC or the service provider appointed by IRCTC for this purpose.

2. Services to be provided by Yatri Mitra
Yatri Mitra shall provide Wheel chair cum porter services to differently abled, ailing and old persons.

3. Provision of Yatri Mitra Sewa
· The responsibility of providing Yatri Mitra Sewa has been entrusted with IRCTC. IRCTC may provide this service ‘Free of cost’ through some NGO, charitable trust, PSUs etc under CSR. However, if this service can’t be provided ‘Free of Cost’ due to lack of response from NGOs, Charitable trust, PSUs etc, IRCTC may arrange this service on payment basis through a service provider or on its own.

· IRCTC may also arrange these services through existing Battery Operated Car (BOC) Operator, wherever, an agency is providing the service.

4. Booking of Yatri Mitra
The booking of Yatri Mitra can be done as under:
· The Yatri Mitra service can be booked on IRCTC e-ticketing website and 139 (IVRS and SMS) or through a mobile.
· A Mobile Application developed by CRIS would also be made available for booking of Yatri Mitra as and when it is developed and released by CRIS.
· A dedicated Mobile number for each station, where this service is available, shall be made available by the Service provider/IRCTC which would be displayed on IRCTC e-ticketing website and zonal websites of Indian Railways to facilitate booking of Yatri Mitra.
· Based on the station at which the facility is booked by the passenger, the booking details (Train Name and Number, date and time of arrival/departure, PNR number, Name of the passenger, Coach and berth number) will be sent by SMS both to the passenger and service provider/IRCTC along with the amount chargeable, if applicable, for the service.
· The mobile number of the Yatri Mitra shall also be sent to the passenger through SMS before the expected time of the arrival of the passenger so that the passenger can contact the Yatri Mitra.
· The Mobile Application developed by CRIS would have the facility for the service provider to update the status after providing the service. The passenger would also have the option to give feedback regarding compliance for his booking.

5. Operation of Yatri Mitra Seva
The Yatri Mitra Sewa shall be operated on following lines for arriving, transferring and departing passengers:

· Arriving/Transferring Passengers

o The IRCTC/service provider on receipt of SMS will ensure that the Yatri Mitra is arranged/positioned at the platform near the coach of the arriving passenger.
o The mobile number of the Yatri Mitra shall also be sent to the passenger through SMS in advance.
o On arrival of the train, the Yatri Mitra shall approach the passenger near his coach, greet him, show his mobile message which will be similar as sent to the passenger himself. On instructions of passenger, he will pick up his/her luggage and help him/her in sitting in wheelchair and take him to desired exit gate or any other platform in case of transfer passenger.
o In case of late running of train, the service provider shall contact the passenger on the mobile number given by the passenger at the time of booking and arrange the service as per expected arrival of the train at the station.
· Departing Passengers
o The IRCTC/service provider on receipt of SMS will ensure that the Yatri Mitra is arranged/positioned at the nomianated entrance of the station building from where the passenger will be boarding the train.
o Yatri Mitra shall contact the passenger on the mobile number given by the passenger at the time of booking and confirm the expected time of arrival of the passenger and entrance gate of station.
o On arrival of the passenger at entrance gate of station, the Yatri Mitra shall approach the passenger, greet him, and show his mobile message which will be similar as sent to the passenger himself. On instructions of passenger, he will pick up his luggage and help him/her in sitting in wheelchair and take him to the platform where train has to arrive.
6. Storage/Parking of wheelchairs
The Railway shall provide space for storage/parking of wheel chairs as per requirement of number of wheelchairs and charging point if wheelchairs are battery operated. In case service is provided Free of cost, electricity for charging battery of wheelchairs shall be provided free. In case of paid service, the cost of electricity on consumption basis and connection shall be charged to the service provider as per extant practice.
7. Service Charges
The service charges, if applicable, shall be kept reasonable and affordable keeping in mind the objective of providing services to the needy.The service charges should be collected by the Service provider directly from the passenger.
8. IRCTC shall provide adequate number of wheelchairs at the station as per the requirement to be decided in consultation with SrDCM/DCM of concerned division. Preference should be given to battery operated wheelchairs.
9. The Yatri Mitra appointed by service provider shall be issued an ID card and permit to provide these services at the station by SrDCM/DCM of the concerned Division.
10. The service will be available at major stations.
***
AKS/MKV/AK

 

[Ankit Kumar 002]

1 Billion US Dollars worth projects for BBIN approved.

India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase inter-regional trade by 60 per cent.

The new project has been given an official nod by India's Department of Economic Affairs with 50 per cent funding from the Asian Development Bank (ADB), officials told IANS, adding that the road project will cover West Bengal and Manipur on the Indian side, as of now.

"The mandate is for completing the project within the next two years," a senior official said.

"The primary idea behind the Bangladesh-Bhutan-India-Nepal (BBIN) road initiative is to improve ground connectivity in the region," said Leena Nandan, Joint Secretary, Ministry of Road Transport and Highways.

"We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project is entirely different and new -- and about to be rolled out," Nandan told IANS.


The project -- as per a list accessed by IANS -- includes, among others, an upgrade of the 122-km Siliguri-Mirik-Darjeeling ($15 million) and the widening of the 60-km National Highway-35 (Kolkata-Bangaon) on the border with Bangladesh ($130 million).

It also includes a new 123-km road to connect with Diamond harbour, on the outskirts of Kolkata, at a cost of $250 million. All these are in West Bengal and will be entrusted to the state's Public Works Department for execution, officials said.

"This apart, two highways are going to come up in Manipur -- 115-km Ukhrul-Tolloi-Tadubi ($230 million) and a 138-km split, four-lane road between the Kohima-Kedima Kring-Imphal section of National Highway-39 ($280 million)," said A.D. James, Deputy Secretary at the Ministry of Road Transport and Highways.

"These two roads are to be executed by the National Highway Infrastructure Development Corp. They are currently in the DPR (detailed project report) stage," James told IANS. Officials are also looking at the possibility of shorter routes.

Apart from the works under the $1 billion project, a 600 metre bridge and a 110 km-road in the Impal-Moreh stretch of Manipur are also being planned under the broader BBIN road initiative. The Manila-based bank has agreed to fund up to 50 per cent of this project as well, officials said. The DPR for this is ready. Clearances are awaited from Nepal.

"This bridge will connect Kakarbhitta in Nepal with Panitanki in West Bengal. Once we receive the necessary approvals, we would like to bid for the projects as early as possible, say by November-end," said Anand Kumar, Managing Director, National Highways and Infrastructure Development Corp.

The four South Asian nations, led by Road Transport and Highways Minister Nitin Gadkari from the Indian side, had signed a landmark Motor Vehicles Agreement in June last year in the Bhutan capital Thimpu to regulate passenger, personnel and cargo vehicular traffic among the South Asian neighbours.

"This agreement between sub-grouping of four South Asian nations -- Bangladesh, Bhutan, India and Nepal -- will pave the way for seamless movement of people and goods across their borders for the benefit and integration of the region and its economic development," Gadkari had said.

A joint statement later said: "Taking note of the finding that transforming transport corridors into economic corridors could potentially increase intra-regional trade within South Asia by almost 60 per cent, and with the rest of the world by over 30 per cent."

As regards the funding, James said talks were simultaneously on with ADB to look beyond the committed 50 per cent. "There are chances that the bank may even fund up to 72 per cent of the total cost for the project. Then we will get around $700 million."

ow.ly/M4ki304jITT

1 Billion US Dollars worth projects for BBIN approved.

India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase inter-regional trade by 60 per cent.

The new project has been given an official nod by India's Department of Economic Affairs with 50 per cent funding from the Asian Development Bank (ADB), officials told IANS, adding that the road project will cover West Bengal and Manipur on the Indian side, as of now.

"The mandate is for completing the project within the next two years," a senior official said.

"The primary idea behind the Bangladesh-Bhutan-India-Nepal (BBIN) road initiative is to improve ground connectivity in the region," said Leena Nandan, Joint Secretary, Ministry of Road Transport and Highways.

"We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project is entirely different and new -- and about to be rolled out," Nandan told IANS.


The project -- as per a list accessed by IANS -- includes, among others, an upgrade of the 122-km Siliguri-Mirik-Darjeeling ($15 million) and the widening of the 60-km National Highway-35 (Kolkata-Bangaon) on the border with Bangladesh ($130 million).

It also includes a new 123-km road to connect with Diamond harbour, on the outskirts of Kolkata, at a cost of $250 million. All these are in West Bengal and will be entrusted to the state's Public Works Department for execution, officials said.

"This apart, two highways are going to come up in Manipur -- 115-km Ukhrul-Tolloi-Tadubi ($230 million) and a 138-km split, four-lane road between the Kohima-Kedima Kring-Imphal section of National Highway-39 ($280 million)," said A.D. James, Deputy Secretary at the Ministry of Road Transport and Highways.

"These two roads are to be executed by the National Highway Infrastructure Development Corp. They are currently in the DPR (detailed project report) stage," James told IANS. Officials are also looking at the possibility of shorter routes.

Apart from the works under the $1 billion project, a 600 metre bridge and a 110 km-road in the Impal-Moreh stretch of Manipur are also being planned under the broader BBIN road initiative. The Manila-based bank has agreed to fund up to 50 per cent of this project as well, officials said. The DPR for this is ready. Clearances are awaited from Nepal.

"This bridge will connect Kakarbhitta in Nepal with Panitanki in West Bengal. Once we receive the necessary approvals, we would like to bid for the projects as early as possible, say by November-end," said Anand Kumar, Managing Director, National Highways and Infrastructure Development Corp.

The four South Asian nations, led by Road Transport and Highways Minister Nitin Gadkari from the Indian side, had signed a landmark Motor Vehicles Agreement in June last year in the Bhutan capital Thimpu to regulate passenger, personnel and cargo vehicular traffic among the South Asian neighbours.

"This agreement between sub-grouping of four South Asian nations -- Bangladesh, Bhutan, India and Nepal -- will pave the way for seamless movement of people and goods across their borders for the benefit and integration of the region and its economic development," Gadkari had said.

A joint statement later said: "Taking note of the finding that transforming transport corridors into economic corridors could potentially increase intra-regional trade within South Asia by almost 60 per cent, and with the rest of the world by over 30 per cent."

As regards the funding, James said talks were simultaneously on with ADB to look beyond the committed 50 per cent. "There are chances that the bank may even fund up to 72 per cent of the total cost for the project. Then we will get around $700 million."

ow.ly/M4ki304jITT

 

[Sankpal]

NAYA RAIPUR

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
20-09-2016

#Economy:With India re-working taxation treaty with Singapore, an influential grouping of overseas investors has said capital gains tax exemption should be retained in the pact for FPIs in listed securities as that would "greatly ease" concerns of foreign investors.

#Finance:The Finance Ministry will pitch for the country's rating upgrade with global agency Moody highlighting increased pace of reforms including the GST, declining inflation and improvement in fiscal as well as current account deficit situation.

#French state-run power majorEDF will invest heavily in renewable energy in India, with projects worth $2 billion in the pipeline, and is bullish about the sector, where it sees electricity tariffs falling 30% in five years.

#Mera Bharat Mahaan:The ministry of power's initiative Unnat Jyoti by Affordable LEDs for all (UJALA), has already resulted in 55.7 million units of energy savings and has reduced carbon emissions over 45,000 tonnes.

भारत माता की जय

 

[anant_s]

Mumbai: This man spots crack on track, averts major accident

MUMBAI: An eagle-eyed 23-year-old averted a major mishap at Kurla station after he spotted a crack on the railway track.

Gururaj Sahu Sakpal, a resident of Chunabhatti, was on his way to work on Monday. Sakpal, an engineer who works in Andheri, and who happens to be a member of the Indian Railway Fan Club on Facebook, alighted at Kurla station.

He was making his way across the foot over bridge to change trains when he spotted a crack on the railway tracks. Sakpal, seeing a train getting ready to pull out of the station over the track, raced to the motorman and alerted him to the danger.

Sakpal said he saw at least a two inch crack on the track from the foot over bridge. "When I got close to the track I also noticed that one bolt was missing," Sakpal said. Motorman Paramhans R Giri said he inspected the track after being alerted by Sakpal and found that the track's fishplate (a metal bar that is bolted to the ends of two rails to join them together in a track) was loose. "I immedi ately informed the control room," Giri said. The train was then allowed to go over the track at a very low speed.
"If not for this alert young man, we could have had a major accident on our hands," said Venu P Nair, General Secretary, National Railway Mazdoor Union. Narendra Patil, Chief Public Relations Officer, Central Railway said that the motorman informed the control room at 7:57 am. "Concerned officers and staff rushed to the spot and fixed the problem in15 minutes," Patil said. Another crack was also spotted on the Harbour Line during the morning rush hour, near Wadala, which led to 10 trains being delayed and 2 others cancelled. Patil said that this crack was repaired within 30 minutes.

Zonal Railway Users Consultative Committee (ZRUCC) member Subhash Gupta said "That these two problems have occurred on the very first day of the workweek tells the story of the state of our railway tracks." Gupta also praised Sakpal and said the youth may have saved many lives.

http://timesofindia.indiatimes.com/...verts-major-accident/articleshow/54420777.cms

 

[aswin]

Do we have infomartion regarding prototypes bulit in india wrt coaches and engines

Regards

 

[Ankit Kumar 002]

https://twitter.com/x/status/778251665757442048

 

[Bilal9]

National Inland Waterways Project
India has an extensive network of inland waterways in the form of rivers, canals, backwaters and creeks. The total navigable length is 14,500 km, out of which about 5200 km of river and 4000 km of canals can be used by mechanised crafts. Freight transportation by waterways is highly under-utilised in India compared to other large countries and geographic areas like the United States, China and the European Union. The total cargo moved (in tonne kilometres) by the inland waterway was just 0.1% of the total inland traffic in India, compared to the 21% figure for United States. Cargo transportation in an organised manner is confined to a few waterways in Goa, West Bengal, Assam and Kerala. Inland Waterways Authority of India (IWAI) is the statutory authority in charge of the waterways in India. Its headquarters is located in Noida, UP. It does the function of building the necessary infrastructure in these waterways, surveying the economic feasibility of new projects and also administration and regulation.

National Waterway 1: Allahabad–Haldia stretch of the Ganges–Bhagirathi–Hooghly river system.

National Waterway 2: Sadiya — Dhubri stretch of Brahmaputra river.

National Waterway 3: Kottapuram-Kollam stretch of the West Coast Canal, Champakara Canal and Udyogmandal Canal.

National Waterway 4: Kakinada–Pondicherry stretch of canals and the Kaluvelly Tank, Bhadrachalam – Rajahmundry stretch of River Godavari and Wazirabad – Vijayawada stretch of River Krishna.

National Waterway 5: Talcher–Dhamra stretch of the Brahmani River, the Geonkhali - Charbatia stretch of the East Coast Canal, the Charbatia–Dhamra stretch of Matai river and the Mangalgadi - Paradip stretch of the Mahanadi River Delta.

National Waterway 6: Lakhipur to Bhanga of river Barak.

Interesting. River cruises are becoming quite popular in the whole subcontinent. Even the middle class can participate, (Bangladeshi example).

Image rights MirzaZeehan

 

[raj76]

हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
21-09-2016

#Economy:India is less vulnerable to banking distress among the major economies while neighbouring China faces higher risks, according to the Bank for International Settlements.

#Finance:Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".

#After successfully rolling out insurance for passengers who book tickets online, the Indian Railways is planning to introduce theft insurance. Under the proposed scheme, travellers can get a cover for all their baggage, electronic items and other valuables.

#Mera Bharat Mahaan: Ghatkopar dosawala (khau galliwala) raided by income tax deptt.
1 crore found cash. Also having ownership of 8 Flats in Ghatkopar.

भारत माता की जय

 

[ranjeet]

IWAI Signs Contract with DST, Germany for Designing Special Vessels for NW-1

With its objective of providing safe, environment friendly and economical mode of transportation through National Waterway-1 (NW-1), The Inland Waterways Authority of India (IWAI),Ministry of Shipping signed a contract with M/s DST, Germany to design vessels, especially suited to navigate the 1620 km stretch of NW-1.

Speaking on the occasion a senior IWAI official said it is a revolutionary step and a milestone in the journey of NW-1. “The objective of IWAI is to go along with nature and disturb the river minimally. The specially designed vessels will navigate on low drafts and will be of high carrying capacity, and most importantly, will be environment friendly,” he said.

Considering the expected growth of the Inland Waterways sector in India, DST, Germany is expected to develop a combination of standardised vessels to meet the requirement of various types of cargo. One of the most important navigational challenges for NW-1 is the kind of vessels that will play on the Ganga-Bhagirathi-Hooghly stretch. Keeping in view the difficult hydro-morphological characteristics of the river in the upper reaches between Patna and Varanasi, it is important to have vessels which can ply on low draft, with high carrying capacity, and are economically viable and environment friendly.

Earlier in August 2016, the Hon’ble Minister for Road Transport, Highways and Shipping Sh. Nitin Gadkari flagged off the trial run of two cargo vessels from Varanasi on NW-1(River Ganga). Keeping in view the demand for transportation of cars through NW-1, M/s DST,Germany has been initially tasked to develop low draft vessels that can carry up to 150-200 vehicles.

Government is developing NW-1 under the Jal Marg Vikas Project, with assistance from the World Bank at an estimated cost of Rs. 4,200 crore. The project would enable commercial navigation of vessels with capacity of 1500-2,000 tons.Phase-I of the project covers the Haldia-Varanasi stretch. The project includes development of fairway, Multi-Modal Terminals at Varanasi, Haldia, and Sahibganj, strengthening of river navigation system, conservancy works, modern River Information System (RIS), Digital Global Positioning System (DGPS), night navigation facilities, modern methods of channel marking, construction of a new state of the art navigational lock at Farakka etc.

http://pib.nic.in/newsite/PrintRelease.aspx?relid=150993&utm_source=twitterfeed&utm_medium=twitter

 

[Ankit Kumar 002]

Cabinet
21-September, 2016 15:58 IST

Cabinet approves merger of rail budget with general budget; advancement of budget presentation and merger of plan and non-plan classification in budget and accounts

The Union Cabinet has approved the proposals of Ministry of Finance on certain landmark budgetary reforms relating to (i) the merger of Railway budget with the General budget, (ii) the advancement of the date of Budget presentation from the last day of February and (iii) the merger of the Plan and the Non-Plan classification in the Budget and Accounts. All these changes will be put into effect simultaneously from the Budget 2017-18.

Merger of Railway Budget with the General Budget:
The arrangements for merger of Railway budget with the General budget have been approved by the Cabinet with the following administrative and financial arrangements-
(i) The Railways will continue to maintain its distinct entity -as a departmentally run commercial undertaking as at present;
(ii) Railways will retain their functional autonomy and delegation of financial powers etc. as per the existing guidelines;
(iii)The existing financial arrangements will continue wherein Railways will meet all their revenue expenditure, including ordinary working expenses, pay and allowances and pensions etc. from their revenue receipts;
(iv)The Capital at charge of the Railways estimated at Rs.2.27 lakh crore on which annual dividend is paid by the Railways will be wiped off. Consequently, there will be no dividend liability for Railways from 2017-18 and Ministry of Railways will get Gross Budgetary support. This will also save Railways from the liability of payment of approximately Rs.9,700 crore annual dividend to the Government of India;
The presentation of separate Railway budget started in the year 1924, and has continued after independence as a convention rather than under Constitutional provisions.
The merger would help in the following ways:
· The presentation of a unified budget will bring the affairs of the Railways to centre stage and present a holistic picture of the financial position of the Government.
· The merger is also expected to reduce the procedural requirements and instead bring into focus, the aspects of delivery and good governance.
· Consequent to the merger, the appropriations for Railways will form part of the main Appropriation Bill.
Advancement of the Budget presentation:
The Cabinet has also approved, in principle, another reform relating to budgetary process, for advancement of the date of Budget presentation from the last day of February to a suitable date. The exact date of presentation of Budget for 2017-18 would be decided keeping in view the date of assembly elections to be held in States.
This would help in following ways:
· The advancement of budget presentation by a month and completion of Budget related legislative business before 31st March would pave the way for early completion of Budget cycle and enable Ministries and Departments to ensure better planning and execution of schemes from the beginning of the financial year and utilization of the full working seasons including the first quarter.
· This will also preclude the need for seeking appropriation through 'Vote on Account' and enable implementation of the legislative changes in tax; laws for new taxation measures from the beginning of the financial year.

Merger of Plan and Non Plan classification in Budget and Accounts:
The third proposal approved by the Cabinet relates to the merger of Plan and Non Plan classification in Budget and Accounts from 2017-18, with continuance of earmarking of funds for Scheduled Castes Sub-Plan/Tribal Sub-Plan. Similarly, the allocations for North Eastern States will also continue.
This would help in resolving the following issues:
· The Plan/Non-Plan bifurcation of expenditure has led to a fragmented view of resource allocation to various schemes, making it difficult not only to ascertain cost of delivering a service but also to link outlays to outcomes.
· The bias in favour of Plan expenditure by Centre as well as the State Governments has led to a neglect of essential expenditures on maintenance of assets and other establishment related expenditures for providing essential social services.
· The merger of plan and non-plan in the budget is expected
to provide appropriate budgetary framework having focus on the revenue, and capital expenditure.
*****
AKT/VBA/SH

(Release ID :150987)