44Th Annual Report
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GOODS and SERVICES TAX Monthly Highlights of News, Legislative Reforms, Statutory November 2018 Changes and Judicial Pronouncements Related to GST Vol
MONTHLY REVIEW An Autonomous Institution of Government of Kerala GOODS AND SERVICES TAX Monthly Highlights of News, Legislative Reforms, Statutory November 2018 Changes and Judicial Pronouncements Related to GST Vol. 1, Issue 4 Consistently inconsistent, GST collection dropped to Rs 97,637 Cr. in November, 2018 Note: Rs. In Crore period was Rs 14,930 crore, nearly four-fold jump from Rs 3,899 crore paid in April and May. The states faced an aver- age 16 per cent shortfall in GST mop-up in 2017- 18, which Note: Rs. in Crore has come down to 13 per cent during April-August of the The Government is unable to maintain consistency in GST current fiscal. collection over Rs.1 lakh crore every month. In November Source: Ministry of Finance this dropped to Rs 97,637 crore, out of this CGST collection is Rs 16,812 crore, SGST is Rs 23,070 crore and IGST is Rs Centre and States apportion Rs 33,000 crore 49,726 crore which also includes Rs 24,133 crore collected IGST in November 2018 on imports. Rs 8,031 crore is collected as Cess including Rs As much as Rs 33,000 crore lying in the IGST pool has been 842 crore collected on imports. The total revenue earned by apportioned between the centre and states in November, the Central Government and State Governments after reg- 2018. This is the sixth time IGST funds have been divided ular settlement is Rs 35,073 crore for CGST and Rs 38,774 between the Centre and the States. -
Economic Survey 2016-17
Government ofof India India VOLUME-2 2016 - 17 ECONOMIC SURVEY Economic Survey 2016-17 Volume 2 Government of India Ministry of Finance Department of Economic Affairs Economic Division August, 2017 Acknowledgements The Economic Survey is a result of teamwork and collaboration. Contributors to the Survey from the Economic Division and Office of CEA include: ArchanaS Mathur, H.A.C. Prasad, Sanjeev Sanyal, A. S. Sachdeva, Vijay Kumar, Rohit KumarParmar, G.S. Negi, Arun Kumar, Rajasree Ray, Antony Cyriac, R. Sathish, P.K. Abdul Kareem, Ashwini Lal, Nikhila Menon,AshutoshRaravikar, Rangeet Ghosh, Abhishek Acharya, Mrityunjay Jha, Rabi Ranjan, Vijay Kumar, M. Rahul, Aakanksha Arora, Gaurav Kumar Jha, Dipak Kumar Das, Kanika Wadhawan, Abhishek Anand, Sonal Ramesh, Subhash Chand, Riyaz Ahmad Khan, Shobeendra Akkayi, Salam Shyamsunder Singh, Md. AftabAlam, Pradyut Kumar Pyne, Narendra Jena, Sanjay Kumar Das, Vijay Kumar Mann, Parveen Jain, Rajesh Sharma, Amit Kumar Kesarwani, Mritunjay Kumar, Gayathri Ganesh, Josh Felman, Tejaswi Velayudhan, Rohit Lamba, Siddharth Eapen George, Sutirtha Roy, Shoumitro Chatterjee, Sid Ravinutala, Amrit Amirapu, M R Sharan, Parth Khare, Boban Paul, Dev Patel, Justin Sandefur, Ananya Kotia, Navneeraj Sharma, Kapil Patidar, and Syed Zubair Husain Noqvi. The Survey has greatly benefitted from the comments and insights of the Hon'ble Finance Minister Shri Arun Jaitley and the Ministers of State for Finance - Shri Santosh Kumar Gangwar and Shri Arjun Ram Meghwal. The Survey has also benefitted from the comments and inputs from officials, specifically Arvind Panagariya, Nripendra Misra, P K Mishra, P K Sinha, Urjit Patel, Ashok Lavasa, Hasmukh Adhia, Subhash C. Garg, Anjuly Chib Duggal, Neeraj Gupta, Amitabh Kant, Sushil Chandra, Vanaja N Sarna, Shaktikant Das, Bibek Debroy, Amarjeet Sinha, Nagesh Singh, T V Somanathan, Tarun Bajaj, Brajendra Navnit, Anurag Jain, Alok Shukla, Amitabh Kumar, AnandJha, Ajay Bhushan Pandey, A P Hota, Viral Acharya, Ramesh Krishnamurthy, Pankaj Batra, Prashant Goyal, Dr. -
Political Economy of India's Fiscal and Financial Reform*
Working Paper No. 105 Political Economy of India’s Fiscal and Financial Reform by John Echeverri-Gent* August 2001 Stanford University John A. and Cynthia Fry Gunn Building 366 Galvez Street | Stanford, CA | 94305-6015 * Associate Professor, Department of Government and Foreign Affairs, University of Virginia 1 Although economic liberalization may involve curtailing state economic intervention, it does not diminish the state’s importance in economic development. In addition to its crucial role in maintaining macroeconomic stability, the state continues to play a vital, if more subtle, role in creating incentives that shape economic activity. States create these incentives in a variety of ways including their authorization of property rights and market microstructures, their creation of regulatory agencies, and the manner in which they structure fiscal federalism. While the incentives established by the state have pervasive economic consequences, they are created and re-created through political processes, and politics is a key factor in explaining the extent to which state institutions promote efficient and equitable behavior in markets. India has experienced two important changes that fundamentally have shaped the course of its economic reform. India’s party system has been transformed from a single party dominant system into a distinctive form of coalitional politics where single-state parties play a pivotal role in making and breaking governments. At the same time economic liberalization has progressively curtailed central government dirigisme and increased the autonomy of market institutions, private sector actors, and state governments. In this essay I will analyze how these changes have shaped the politics of fiscal and financial sector reform. -
64Th ANNUAL REPORT
64th (2013-14) Annual Report UNION PUBLIC SERVICE COMMISSION Dholpur House, Shahjahan Road New Delhi – 110069 http: //www.upsc.gov.in The Union Public Service Commission have the privilege to present before the President their Sixty Fourth Report as required under Article 323(1) of the Constitution. This Report covers the period from April 1, 2013 (Chaitra 11, 1935 Saka) to March 31, 2014 (Chaitra 10, 1936 Saka). Annual Report 2013-14 Contents List of abbreviations ----------------------------------------------------------------------------- (ix) Composition of the Commission during the year 2013-14 ----------------------------- (xi) List of Chapters Chapter Heading Page No. 1 Highlights 1-3 2 Brief History and Workload over the years 5-10 3 Recruitment by Examinations 11-19 4 Direct Recruitment by Selection 21-27 5 Recruitment Rules, Service Rules and Mode of Recruitment 29-31 6 Promotions and Deputations 33-40 7 Representation of candidates belonging to Scheduled Castes, Scheduled 41-44 Tribes, Other Backward Classes and Persons with Disabilities 8 Disciplinary Cases 45-46 9 Delays in implementing advice of the Commission 47-48 10 Non-acceptance of the Advice of the Commission by the Government 49-70 11 Administration and Finance 71-72 12 Miscellaneous 73-77 Acknowledgement 79 List of Appendices Appendix Subject Page No. 1 Profiles of Hon’ble Chairman and Hon’ble Members of the Commission. 81-88 2 Recommendations made by the Commission – Relating to suitability of 89 candidates/officials. 3 Recommendations made by the Commission – Relating to Exemption 89 cases, Service matters, Seniority etc. 4 Recruitment by Examinations – Details of recommendations made during 90 the year 2013-14 for Civil Services/Posts. -
Chapter 3.Pmd
CHAPTER 3 Issues and Approach Introduction considerations in mind while undertaking its core task. Thus, the Thirteenth Finance Commission 3.1 The overall task of the Finance has to take account of: Commission is to discharge the mandate laid down in articles 270, 275 and 280 of the i) The need to balance the receipts and Constitution, consistent with the principles of expenditure on revenue account of all the federal finance, taking into account the current states and the Union and generating and likely future macroeconomic and fiscal surpluses for capital investment. scenarios, so as to secure fiscal stability and ii) The impact of the proposed adequate resource availability for the Centre, the states and the local bodies. implementation of the Goods and Services Tax (GST) from 1 April 2010, including its 3.2 The Presidential orders that provide the impact on the country’s foreign trade. Terms of Reference (ToR) for the Thirteenth Finance Commission can be viewed as setting iii) The need to improve the quality of public the Commission three different types of tasks. expenditure. The first or ‘core’ task of the Commission is to iv) The need to manage ecology, environment recommend distribution, between the Union and climate change consistent with and the states, of the net proceeds of taxes to sustainable development. be divided between them under Chapter I, Part XII of the Constitution of India, commonly v) The need to ensure commercial viability termed as the ‘divisible pool’. Second, the of public sector and departmental Commission has also to recommend the undertakings, as also of irrigation and allocation between the states of such proceeds. -
List of Appointments 2018
List of Appointments 2018 LIST OF APPOINTMENTS IN 2018 JANUARY 2018 Name of the Person Designation IAS officer N C Goel Chief Secretary of Rajasthan Vijay Keshav Gokhale Foreign secretary Pankaj Jain Additional charge of Managing Director in India Infrastructure Finance Company Ltd (IIFCL). Salil Parekh CEO and Managing Director, Infosys UB Pravin Rao Chief Operating Officer and a whole-time Director Soumeylou Boubeye Maiga New Prime Minister of Mali Rajinder Khanna Deputy National Security Adviser Dilip Asbe Managing Director and CEO of the National Payments Corporation of India (NPCI) K Sivan New Chairman of the Indian Space Research Organisation (ISRO Harjinder Singh Chef De Mission for the 23rd Winter Olympic Games Sunny Verghese Chairman of the World Business Council for Sustainable Development. Indu Malhotra, a senior advocate First woman lawyer as judge of the apex court V J Mathew Chairman of Maritime Board Anil Khanna Chairman of the Finance Commission of the Indian Olympic Association Vijay Kumar Managing Director and CEO NCDEX S Selvakumar Additional charge of Chairman and Managing Director (CMD) of Security Printing and Minting Corporation of India Ltd (SPMCIL Former Gujarat chief minister New Governor of Madhya Pradesh Anandiben Patel Om Prakash Rawat Chief Election Commissioner Ashok Lavasa Election Commissioner IPS officer Sudeep Lakhtakia Director general of National Security Guard (NSG). Music composer AR Rahman Brand ambassador of Sikkim Dilip Chenoy Director general of Industry body Federation of Indian Chambers of Commerce and Industry Shri Srikumar Menon Ambassador of India to the Republic of Angola S Somnath The new director of Vikram Sarabhai Space Centre (VSSC) Jerome Powell Head of the Federal Reserve Usha Ananthasubramanian, MD and The first woman chairman of Indian Banks’ Association CEO of Allahabad Bank (IBA). -
Weekly GK Banking Capsule 2019 1
Weekly GK Banking Capsule 2019 1 | P a g e Weekly GK Banking Capsule 2019 WEEKLY GENERAL KNOWLEDGE BANKING & FINANCE CAPSULE (3rd to 9th March 2019) Banking News Intelligence and other technological capabilities of Hitachi AIIB approves loan for Andhra Pradesh Rural Roads Project. to SBI Payment Services. A loan agreement of USD 455 million was signed India and World Bank Signs Loan Agreement. between the Asian Infrastructure Investment Bank (AIIB) The Government of India, the State Government of and the Government of India for financing the Andhra Chhattisgarh and the World Bank signed a $25.2 Million Pradesh Rural Roads Projects. Loan Agreement to support the State’s Reforms in These projects will connect 3,300 habitations with a Expenditure Management. population of more than 250, and benefit around 2 The Chhattisgarh Public Financial Management and million people. Accountability Program, which is the First Bank-Financed It is the third project in Andhra Pradesh signed by the State-Level Project in Chhattisgarh in nearly a decade, AIIB after two projects in Power Sector and Water will also help the State strengthen its Direct Benefit Sector. Transfer (DBT) and Tax Administration Systems. This support will cover Expenditure Planning, Investment Asian Infrastructure Investment Bank Management, Budget Execution, Public Procurement, President: Jin Liquin and Accountability. Headquarters: Beijing, China India signs loan agreement with World Bank for Uttarakhand Disaster Recovery Project. SBI and Hitachi jointly launched digital payments platform. India has signed a loan agreement with the World Bank for State Bank of India (SBI) and Hitachi Payment Services Pvt 96 Million US dollars for additional financing of Ltd, a wholly-owned subsidiary of Hitachi Ltd has launched Uttarakhand Disaster Recovery Project. -
Ajai Chopra and Charles Collyns Long-Term Growth I Response to the 1991 Crisis I Results of Adjustment I Fiscal Initiatives 2 Structural Reforms 2 the Road Ahead 3
OCCASIO NAL PAPE R 134 India: Economic Reform and Growth Ajai Chopra, Charles Collyns, Richard Hemming, and Karen Parker with Woosik Chu and Oliver Fratzscher INTERNAT IONAL MONETARY FUND Washington DC December 1995 ©International Monetary Fund. Not for Redistribution © 1995 International Monetary Fund Cataloging-in-Publication Data India: economic reform and growth/Ajai Chopra ... [et a1.]. Washington, D.C. :International Monetary Fund, 1995 p. em.- (Occasional Paper, ISSN 0251-6365; 134) Includes bibliographical references. ISBN l-55775-539-6 l. India - Economic policy- 1980- . 2. Structural adjustment (Economic policy)- India. 3.Investments- India. I.Chopra, Ajai. II.Series: Occasional paper (InternationalMonetary Fund) ; no. 134. HC 435.2.163 1995 Price: US$15.00 (US$12.00 to full-time faculty members and students at universities and colleges) Please send orders to: International Monetary Fund, Publication Services 700 19th Street, N.W., Washington, D.C. 20431, U.S.A. Tel.: (202) 623-7430 Telefax: (202) 623-7201 Internet: [email protected] recycled paper ©International Monetary Fund. Not for Redistribution Contents Page Preface vii Abbreviations ix Overview Ajai Chopra and Charles Collyns Long-Term Growth I Response to the 1991 Crisis I Results of Adjustment I Fiscal Initiatives 2 Structural Reforms 2 The Road Ahead 3 II long-Term GrowthTrends 4 Ajai Chopra Output, Investment, and Macroeconomic Conditions 4 Education, Labor, Employment, and Poverty 7 Growth, Accumulation, and Productivity 9 Results of India-Specific Studies 13 -
Annexure-X TENURE MEMBERS of INDIA HABITAT CENTRE
Annexure-X TENURE MEMBERS OF INDIA HABITAT CENTRE CATEGORY : Members of Parliament Quota : 15/ 165 Sl. Name Date of Expected Date of Date of Remarks No. application Completion of Membership Tenure 1 Shri Kalikesh N. Singh Deo, 21.8.2009 - 17.08.2011 Memb. DGC MP(Lok Sabha), No.1110, Orissa Niwas, Chanakya Puri, New Delhi. Tel. 9013180220 2 Shri Vincent H. Pala, Hon'ble 06.05.2010 - 17.08.2011 Memb. DGC MOS for Water Resources, Shram Shakti Bhawan, N.Delhi Tel. 23325996 3 Shri Motilal Vora, MP(Rajya 29.10.2010 - 17.08.2011 Sabha), 33, Lodhi Estate, New Delhi. Tel. 2465 1313 4 Shri Satish Chandra Misra, - - 11.12.2013 M.P. (Rajya Sabha), C-I/ 11, Humayun Road, New Delhi. 5 Shri Naresh Agrawal, - - 20.02.2014 MP(Rajya Sabha), R/o 6, Tuglak Lane, New Delhi. 6 Shri Shyamacharan Gupta, 18.10.2014 May, 2019 23.04.2015 M.P.(Lok Sabha), A-5, Gulmohar Park, New Delhi- 110049.Tel.26527359 7 Shri Kesineni Srinivas (Nani), 21.10.2014 May, 2019 23.04.2015 Memb. DGC M.P.(Lok Sabha), Kesineni Bhawan, 27-8-42, Pinnalavari Street, Opp. Old Bus Stand, Vijayawada (AP). 8 Shri Harinder Singh Khalsa, 19.02.2015 May, 2019 23.04.2015 M.P.(Lok Sabha), C-I/7, Tilak Lane, New Delhi. Tel.9013869331 9 Shri Ch. Malla Reddy, Member 25.02.2015 May, 2019 22.06.2015 of Parliament (Lok Sabha), Survey No.59, Jayanagar Colony, New Bowenpally, Secunderabad. T.S. (Phone:09013869907 / 040- 27752454) Annexure-Y TENURE MEMBERS OF INDIA HABITAT CENTRE Preferential Category : Secretary/Spl. -
Speech of Dr. Manmohan Singh, Minister of Finance, Introducing the Budget for the Year 1995-96*
SPEECH OF DR. MANMOHAN SINGH, MINISTER OF FINANCE, INTRODUCING THE BUDGET FOR THE YEAR 1995-96* Highlights — Proposal to establish Rural Infrastructural Development Fund — Providing Rural Credit Facilities to SCs and STs — Proposal to support Village Industries — Extending Financial Assistance to Small Scale Industries — Proposal to set up North Eastern Development Bank (NEDB) — Proposal to launch a new Anti-poverty Scheme — Scheme to promote Social Insurance — Proposal to establish an Independent Regulatory Authority for the Insurance Industry — Proposal for Tax Holiday — Implementation of Integrated Urban Poverty Eradication Programme Sir, I rise to present the Budget for 1995-96. Four years have passed since our Government, under the leadership of Prime Minister Shri P.V. Narasimha Rao, took office in the midst of an Budget, 1995-96 Total Receipts — Rs. 1,67,151 crore Total Expenditure — Rs. 1,72,151 crore Deficit — Rs. 5,000 crore * Lok Sabha Debate, 15.3.1995, cc. 204-228. 1401 1402 FINANCE MINISTERS’ BUDGET SPEECHES unprecedented economic crisis. Our immediate task was to save the nation from a relentless slide into the abyss of falling production, soaring inflation and deepening poverty. We dealt swiftly with the immediate crisis and we also worked towards a broader objective of shifting the economy on to a path of rapid, employment-generating growth. Our aim was to raise India to her rightful place in the comity of nations. Sometimes, in the heat of political debate, we lose sight of what has already been achieved. Let me take a few minutes to outline how far we have come since those grim days of 1991: • The growth of our economy had fallen to less than one per cent in 1991-92. -
DTN 20-Nov-2018
NEWS CLIPPINGS –20-11-2018 The Hindu Talks on with 150 nations to reform https://www.thehindu.com/todays-paper/tp-business/talks-on-with-150-nations- WTO: Prabhu to-reform-wto-prabhu/article25542946.ece Multilateral trading system is under stress, says Minister Commerce Minister Suresh Prabhu on Monday said he was in talks with at least 150 countries to work out the way forward for reforming the World Trade Organisation (WTO). He said that the multilateral trading system was under stress and a number of fresh trade-restrictive measures, which would affect global trade and economic growth, had surged. “It is necessary that we look at making the WTO improve further,” Mr. Prabhu said at a conference on a strategic alliance for the WTO and trade remedy laws. “The WTO has to change, and change for the better. We are preparing an agenda that does not exclude any country in the process of making the WTO better.” He said that he had personally met with 150 trade ministers to move a reformed WTO agenda forward. “I am getting a positive response from all concerned, including the Director General of WTO, in our endeavour to take all countries on-board.” “Expansion of global trade hinges on rules and processes determined by the WTO and unless global trade expands, national economies will not benefit,” he said. “It is important that all substantive issues that have been agreed to at the Doha and other trade rounds, as well as new issues that have cropped up, are addressed with a sense of urgency.” Business Standard Budget 2019: Hasmukh Adhia, Ajay https://www.business-standard.com/article/economy-policy/budget- Narayan Jha to make way for new 2019-hasmukh-adhia-ajay-narayan-jha-to-make-way-for-new-team- team 118111901307_1.html The retirement dates of Finance Secretary Hasmukh Adhia and Expenditure Secretary Ajay Narayan Jha are confirmed. -
Order T-1/2021 Current Placeof Posting Commissioner, O/O DC-Msmeaffairs
F.No.13016/1/2020-1ES Government of India Ministry of Finance Department of Economic Affairs (IES Cadre) Room No 59, North Block New Delhi, Dated: 15.2.2021. Order T-1/2021 Subject: Transfer/Posting of officers of the Indian Economic Service. The following officers of the Indian Economic Service are hereby transferred and posted with immediate effect and until further orders as under S.No. Name of the Officer and Posted as/to Remarks current placeof posting 1. Shri Santanu Mitra (IES:1993), Economic Adviser, |Against a vacant Additional Development Ministry of External | post Commissioner, O/o DC-MSMEAffairs 2. | Dr Ishita Ganguli Tripathy | Additional Development Vice Shri Santanu (IES:1999), Director, Department Commissioner, Olo DC, | Mitra (1ES:1993) of Commerce (on return from Ministry of Micro, Small transferred deputation and Medium Enterprises 3 Dr.C. Vanlalramsanga Economic Adviser, Vice Shri Ajay (IES:2001), Secretary, Department of Srivastava Planning and Programme Commerce (IES:1996) who Implementation, Government of has proceeded on Mizoram (on return from deputation deputation) 2. The charge handing over/taking over report of the officers may be sent to this Department (1ES Cadre) for record. 3. This issues with the approval of the Competent Authority. (Gaurav Kumar Jha) Deputy Director IES Cadre To, 1. Secretary, Department of Commerce, Udyog Bhawan, New Delhi. 2 Chief Secretary, Government of Mizoram, New Secretariat Complex, Aizwal- 796001 3. Additional Secretary & Development Commissioner, O/o DC, Ministry of Micro, Small and Medium Enterprises, HQ, office of DC-MSME "A" Wing 7th Floor, Nirman Bhawan, New Delhi. 4. Joint Secretary (Administration), Ministry of External Affairs, South Block, New Delhi 5.