Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Several Initiatives Taken Would Help Transforming Infrastructure Sector ; Results Achieving & Sustaining Higher Economic Growth

Budget - Dated:- 26-2-2016 - 2015-16 tabled in the Parliament here today by the Union Finance Minister Shri Arun Jaitley states that riding high on the performance of manufacturing sector , industrial sector in India have registered higher growth during 2015-16. Many policy measures taken by the Government for creating enabling environment for industrial growth have started showing its impact on increased FDI inflows, better performance of infrastructure sector. The landmark initiatives like Mak .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

g signs of slowdown in growth. It further states that against this background, the fact that the Indian economy has emerged as the fastest growing economy with a high growth rate of over 7 per cent. The manufacturing sector has been a major contributor in sustaining this high growth rate. As per latest data released in January 2016 on revised estimates of national income the growth of Industrial sector broadly comprising mining, manufacturing, electricity and construction is 5.9 per cent during .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

mining and manufacturing sector. The mining, manufacturing and electricity sectors grew by 2.3 per cent, 3.1 per cent, and 4.5 per cent respectively during April-December 2015-16, the Economic Survey observes. MSME Sector With 3.6 crore units spread across the country, that employ 8.05 crore people, Micro, Small and Medium Enterprises (MSME) have a contribution of 37.5 per cent to the country s GDP. Realizing the important of the MSME sector, the Survey mention that the government has undertaken .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

that the government has undertaken various reforms with a view to liberalizing and simplifying the FDI policy to provide ease of doing business climate in the country that will also lead to larger FDI inflows. More open FDI policy has been adopted with FDI allowed for Defence sector up to 49%; Railways 100%; Insurance and Pension 49% etc. Apart from this, a number of sectors like construction, broadcasting, civil aviation, plantation, trading, private sector banking, satellite establishment and .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

llion during April- November 2014, showing an increase of 26 per cent . FDI equity inflows also increased form US$ 18.9 billion during April- November 2014 to US$24.8 billion during April- November 2015, showing 31 per cent growth. According the Economic Survey, the Government of India has taken a series of measures to improve Ease of doing Business in the country. Existing rules have been simplified and information technology introduced to make governance more efficient and effective. Reflectin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e uninterrupted continuous access to power supply in the country. Several steps have been taken for increasing power generation, strengthening of transmission and distribution, separation of feeder and metering of power to consumers. In order to restructure the sector, various amendments are being brought in the Electricity Act, and tariff policy in collaboration with states. During 2014-15, the achievement in electricity generation exceeded the target. Against the target of 1023 BU, the achieve .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Plan, as on December, 31, 2015, is 72,240 MW which constitutes 81.6 per cent of the plan target. On distribution side, the Survey mentions several policy initiatives taken by the Government like Ujwal DISCOM Assurance Yojana (UDAY), Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Integrated Power Development Scheme (IPDS), Domestic Efficient Lighting Program (DELP), National Tariff Policy, 2016 and National Smart Grid Mission. Performance of Coal Sector The Economy Survey states that production .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

l blocks whose allocations were cancelled by the Supreme Court. Under the Act, the Centre government has successfully auctioned 31 coal mines and allotted 42 coal mines/blocks to the central/state governments companies. Since the government has taken a number of policy initiatives, the Survey says that there have been notable turn around in the mining and quarrying sector. The Government recently amended Mines and Minerals (Development and Regulation) Act 1957 for promoting the mining sector. A .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ious renewable energy sources have been increased to 1.75 GW by the year 2022. The government has taken several initiatives like solar rooftop, solar parks, solar projects under the National Solar Mission (NSM), solar pumps, solar cities and Surya Mitra schemes have been launched. Concerning Road sector, the Survey mentioned that the government approved the scheme for the development of about 1177 kilometers of national highways and 4276 kilometers of state road in Left Wing Extremism affected a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n during April - October 2015. Overall Tele density in the country has been increased from 79.4 per cent as the beginning of the financial year to 81.5 per cent at the end of the October 2015. Under the Bharat Net Project 1,03, 643 Km of pipes and 79, 994 km of optical fibre cables (OFC) have been laid up to 30th November, 2015. To improve urban infrastructure, the Government has taken various steps the government has launched a Mission of Smart Cities with the collaboration of states with UTs. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version