INDICES OF ADMITTED
QUESTIONS DURING THE 8TH SESSIONS OF 16TH LOK SABHA (APRIL 24 TO MAY 13, 2016) PERTAINING TO THE MINISTRY OF FINANCE
STOCK, INVESTMENT AND PUBLIC ASSET MANAGEMENT
Sl no
|
Qn
number
|
Heading
and text of the question
|
1
|
922
29.4.2016
|
Forward Trading
Benefits to small and marginal farmers due to commencement of forward
trading in commodities - easier access to better information about future prices
which help them in taking appropriate cropping and marketing decisions. ; steps taken or proposed to
optimize benefits to farmers – apart from other exchanges have also installed price
ticker boards at APMC mandis for disseminating futures prices to the farmers
on a real time basis.
|
2
|
1002
29.4.2016
|
Startup Companies
Startup companies raising capital through private placements and
stake sales-annexure given; details of transactions over last three years;
transactions taking place at high valuations; system for regulation of such
capital raising and ensuring prudent valuations of startup companies to
protect investors and the public- Private placement by unlisted companies not
covered under the ICDR Regulations which are applicable for equity shares and
convertible securities. Chapter III and IV of the Companies Act, 2013
provides for provision w.r.t. Prospectus and Allotment of Securities &
Share Capital and Debentures respectively.
The requirement under Section 62(1)(c) and Section 42 read with
relevant rules provides for making adequate disclosures and valuation
requirement.
|
3
|
1007
29.4.2016
|
Surplus Cash with CPSE
over Rs. 2 lakh crore surplus cash lying idle with PSUs and if so,
the details thereof PSU-wise- “Public Enterprise Survey” 2014-15, total
cash & bank balance of all CPSEs Rs. 25583902 lakh (website quoted);
contemplation about following buy back model to achieve the disinvestment
target for the current financial year 2016-17 – Government may participate in
the process; detailed report of PSUs on their investment and capex plans –
annexure not given in website; disinvestment revenue received against the
revised estimate of Rs. 25312 crore in financial year 2015-16 - Rs. 23,997
crore (approx) received; steps taken or proposed for optimum
utilisation of surplus lying with banks- additional amount of Rs. 1023
crore(approx) been realized as buy-back tax on account of buy-back
transactions undertaken by unlisted CPSEs during 2015-16, also Government
raised Rs. 8,152 crore on account of sale of bonus debentures of NTPC to
EPFO.
|
4
|
1008
29.4.2016
|
Disinvestment
Decision to sell off or disinvest most loss making PSUs; likely hood
of exceptions while disinvesting the sick PSU and the reasons therefor; details
about strategic sale of profit-making PSUs - CCEA on February 17, 2016 approved the
structure and mechanism for ‘strategic disinvestment’ of CPSEs. Requisite
instructions issued on February 29, 2016 to all including NITI Aayog, who has
not made any suggestion for strategic disinvestment; amount of dividend paid
to the Government last three years
|
5
|
1062
29.4.2016
|
Mis-Selling of Financial
Products
Status of recommendations of Sumit Bose Committee to curb the
mis-selling of financial products- submitted in 10.8.2015 under examination;
plans to phase out the upfront commissions in investment products and the
investment portion of the bundled products; details - details
|
6
|
1073
29.4.2016
|
Loan Defaulters
SEBI decision to debar companies declared wilful loan defaulters
along with their promoters and directors from accessing stock or bond
markets; SEBI decision have decided to bar for raising funds in a bid to
choke fund flow to the entire group with a common owner; wilful defaulters
taking over another listed company – a 4 point proposal approved by SEBI; (c)
if so, the details thereof; (d) whether SEBI also proposes norms requiring
companies to disclose if the bank loans extended to them have been classified
as Non-Performing Assets (NPAs)- SEBI has not proposed any norms requiring
companies to disclose if the bank loans extended to them have been classifies
as NPSs; and (e) if so, the details thereo
|
7
|
1083
29.4.2016
|
Sell Off of PSUs
16 Public Sector Units (PSUs) to mop up about Rs. 40000 crore during
the year 2016-17 and if so, the details of the PSUs proposed for sale along
with the percentage of stake proposed to be offloaded in each PSU- mineral
and metal, oil, energy, capital goods as well as some mid-size and small
stocks. No strict timeline and the Government looks for right opportunity of
disinvestment transaction and moves ahead in a prudent manner; (b) whether
the market conditions are favourable for sale of stake of PSUs; target 2016-17
BE Rs. 56,500 crore which comprising Rs. 36,000 crore as disinvestment
receipts from CPSEs and Rs. 20,500 crore from strategic disinvestment
|
8
|
1084
29.4.2016
|
Interest Rate on Small
Savings/ Deposits
Reduction in rate of interest on various savings/deposits schemes
including the popular Provident Fund, Kisan Vikas Patra and Senior citizens
deposits adversely affecting poor and middle class – to help the economy move
to a lower overall interest rate regime eventually and thereby help all,
particularly poor and middle class; steps taken/being taken by the Government
to encourage/promote household savings and deposits –jan dhan yojana
|
9
|
1149
29.4.2016
|
Share of EPFO Fund in Stock
Market
Investment of EPFO fund in Indian stock market – 5% of investible
surplus in ETF of Nifty and Sensex based Index. Rs. 6577 crores as on
31.3.2016; plans to make changes - No; intention to establish EPFO as a
domestic investment institution in the stock market; likely result of more
investment of the funds of EPFO in the stock market- in equity and related
investments from 5 to 15%, to maximize earnings on investments; risks of more
investment of funds of EPFO in the stock market; steps taken or proposed -
Govt is aware of the risks that’s why only 5%
|
10
|
193
6.5.2016
|
Women Directors in Listed
Companies
Mandate to appoint at least one Women Director on their Board- w.e.f.
April 1, 2015, NSE 1759 companies listed and 1568 complied and BSE 5451
companies listed and 4128 complied; women directors only – info asked. No supplemntries
|
11
|
2079
6.5.2016
|
Venture Capital Fund
development of powerloom sector in India by setting up of a Venture
Capital Fund under the administration of SIDBI – with the objective to invest
in innovative companies in the textile sector, with products and services
meant mainly for the power loom sector SIDBI Venture Capital Ltd. in 2013-14, as a
Category I Alternative Investment Fund. Out of a target corpus of Rs. 80
crore, the Fund has so far made commitments worth Rs. 13.43 crore to 5
companies
|
12
|
2162
6.5.2016
|
Black Listed Foreign
Institutions
Declaration of foreign institutes registered abroad as bankrupt or
black listed by the PSBs; institute-wise and the outstanding loans against
them during each of the last three years and the current year; guidelines and
procedure to declare the above said foreign institutes bankrupt and blacklist
them; steps to check such institutional frauds in future - No such
information, Bank of Baroda has
reported 3 borrowers, Indian Bank has reported 8 companies and Canara Bank
has reported 12 companies which have been declared bankrupt or black listed.
The above mentioned banks have acted upon as per their policy and local legal provision |
13
|
2203
6.5.2016
|
Non-Compliance of Rules
companies not complied with the rules of appointing a woman director
to their Boards; NSE-1375 and BSE-191; Public Sector Enterprises- 17 in NSE
and 22 BSE and Public Sector Banks -2 in NSE and 2 in BSE have not complied
with the above rules and fines levied; all efforts made to ensure compliance
|
14
|
2221
6.5.2016
|
Investigation against Chit
Fund Frauds
SIT to investigate cases related to ponzi scheme and chit fund in
many parts of the country - formed in CBI on May 12, 2014 to investigate
cases of chit fund and Ponzi schemes in the State of West Bengal, Odisha and
Assam, 6 cases in 2013, 62 in 2014, 14
in 2015 and 90 in 2016 registered; involvement of representatives of
people with any individual or entities against whom FIRs have been lodged - Madan Mitra, Ex-MLA Govt. of West
Bengal;Kunal Ghosh, Hon’ble MP, Rajya Sabha; Srinjoy Bose, Hon’ble MP (Now
resigned), Rajya Sabha, presently on bail;
Matang Sinh, Ex-Union Minister; Pravat Kumar Tripathy, MLA, Banki Constituency, Odisha Legislative Assembly, Bhubaneswar;i Ramachandra Hansda, M.P. Mayurbhanja Constituency, Odisha; Subarna Nayak, Ex. MLA, Keonjhar Sadar, Odisha; Hitesh Kumar Bagartti, Ex. MLA, Khariar Constituency, Odisha; Malla Vijaya Prasad, Ex-MLA, Visakhapatnam, West Constituency, A.P. |
15
|
2225
6.5.2016
|
Fungibility of Foreign
Investments
Allowing full fungibility in foreign investments; bringing about
simplicity and clarity in FDI applications; extent to which this would help
catalyze capital raising options for private banks; assessment of impact on
performance and resources of public sector banks; outcome; steps taken to
ensure adequate funds for public sector banks - a budgetary provision of Rs. 25,000
crores made in the BE 2016-17
|
16
|
2241
6.5.2016
|
Pledging of Shares
promoters remaining as promoters even after pledging most shares,
action taken/ being taken thereon last 3 years – NSE 1633 listed companies
570 pledged, BSE 4268 and 798 and Metropolitan Stock Exchange of India Ltd
162 and 7 respectively; criteria; steps taken/being taken for benefit of
small investors
|
17
|
2276
6.5.2016
|
Facilities to REITS
response/ observations Indian Housing Industry experts and others
regarding exemptions, incentives, provision extended to Real Estate
Investment Trust REITS by the Government in 2014 budget; the REITS formed by
MNCs, Singapore and other countries; plans made by the Government in the
matter- REIT notified in September 26, 2014 aimed primarily at completed rent
yielding commercial real estate assets. The tax regime includes, inter-alia,
exemption from applicability of capital gains tax, minimum alternate tax and
dividend distribution tax that compares favorably with the policy and tax
regime for REITs around the world. aimed towards providing a conducive
regulatory enviornment for REITs in India.
|
18
|
1062
6.5.2016
|
Mis-Selling of Financial
Products
Recommendations of Sumit Bose Committee submitted on 10.8.2015, under
examination of the DEA
|
PAY AND PENSIONS
1
|
2128
6.5.2016
|
Work Force for NPS
PFRDA to train 75,000 totally committed work force for the
implementation of the NPS; hiring of training institutes for
implementation - The Request
For Proposals was first floated on 18th March, 2016 to cover about 600
district headquarters in about 1660 sessions covering about 45 participants
per session to train around one employee per branch, approximately 75, 000
participants expected to be trained ;
other steps - training an ongoing process
|
CURRENCY AND COINAGE
1
|
1136
29.4.2016
|
Maithili Language on
Currency Note
‘Maithili’ language not being
used on the Indian currency notes; reasons therefor; likely time - Demands to
incorporate all the languages included in the Eighth Schedule raised, may not
be possible as it would require expanding the space used by the language
panel
|
2
|
1142
29.4.2016
|
Bitcoin Currency
Increase of bitcoin currency base in the country; introduction of bitcoin
exchange and trading; study of other crypto-currency forms - rbi has cautioned
the users, holders and traders of virtual currencies, including bitcoins
about the potential financial operational, legal, customer protection and
security related risks that they are exposing themselves to.
|
3
|
2101
6.5.2016
|
Currency Notes of Higher
Denominations
printing of notes 5,000 and 10,000 denominations – negative reply
|
4
|
2235
6.5.2016
|
Counterfeit Money
data with RBI on total value of currencies or money in circulation
and value of currencies seized; specific data or report on the total value of
counterfeit money in circulation in the 670 country; measures to control and
curb
|
DIRECT TAXES
1
|
81
29.4.2016
|
Tax Evasion
Assessment of the quantum of tax evaded – no assessment; review of
the mechanism put in place to detect tax evasion- periodic; deficiencies – no
categorical reply; tax evasion in the guise of farm income, often used as a
conduit for money laundering and inquiry- no categorical reply. No supplementaries
|
2
|
96
29.4.2016
|
Education Cess
modus operandi of levy of education cess, allocation and collected on
income tax since its inception across the country- 2004-05 to 2006-07 primary
education cess and till 2015-16 both primary and secondary &higher
education under direct taxes and 2006-07 started indirect taxes in secondary
& higher education, reply silent on utilisation; study for utilisation of
education cess before imposing it on income tax – no categorical reply. No supplementaries
|
3
|
98
29.4.2016
|
Taxation of e-Commerce
Committee to examine taxation from e-commerce in the country – 8
members comprising of Jt Secretaries in CBDT, one industry representative
each nominated by CII, one by ICCAI and one expert in international taxation
and taxation of e-commerce ; report submitted; revenue likely to be generated
– no estimate. No supplementaries
|
4
|
923
29.4.2016
|
Uniform Tax on Agricultural
Products
uniform tax on agricultural products – no proposals; customs
duty on agricultural goods not uniform since rates of duty on various
agricultural goods are fixed depending on factors such as domestic
production, demand, supply, price situation etc. with a view to balance the
interests of domestic farmers and consumers.
|
5
|
924
29.4.2016
|
Tax on Cement (construction material)
rates of duty applicable and amount of revenue realized against each
item of construction material during each of the last three years,
State/UT/zone/ commissionerate-wise- annexure given (which is of course
missing in the website as on Monday the 6th June, 2016); representations
examined as part of budgetary exercise.
|
6
|
942
29.4.2016
|
Implementation of GAAR
The Government’s commitment to implement GAAR from next financial
year- from 1.4.2017 -Provisions relating to GAAR are contained in Chapter XA
and section 144BA of the ITA, 1961- Necessary rules for implementing GAAR
have also been notified. Government constituting panel as mandated by Law and
provide for the guidelines on practical aspects relating to implementation of
GAAR in due course
|
6
|
1003
29.4.2016
|
Informers of Tax
Evasion
schemes run by the Government to get information about tax evasion –
started in direct tax since 2007 and indirect tax in 2015; informers details
kept confidential and protected; whether the system has scared away potential
informers - no
|
7
|
1072
29.4.2016
|
Grievances of Taxpayers
Setting up of dedicated structure for delivery and monitoring of
taxpayer services- YES; further steps taken/being taken by the Government to
address taxpayer grievances in a time bound manner- 250ASKS?
|
8
|
1085
29.4.2016
|
Duplicate PAN Cards
circulation of duplicate PAN cards in the country, in circulation
till date, State/UT-wise, reasons and action taken by the Government against
such individual holding duplicate PAN cards-11,56,894 deactivated as on
22.4.2016; ambitious electronic smart platform called the Income Tax Business
Application Permanent Account Number to help taxman and PAN issuing
intermediaries identify such duplicate numbers and if so, the details thereof,
likely time of operation – ITBA-PAN; other corrective steps to check the
menace of duplicate PAN Cards in the country- aadhar seeding in PAN database
on voluntary basis started
|
9
|
1105
29.4.2016
|
Taxing Urban Development
Bodies
relief from Income Tax obligation to Urban Development Authorities; approach
to Government of Gujarat on the issue- The issue
of exemption to UDAs was examined during budgetary exercise, 2016 and was not
found feasible in view of the stated policy of the Government to do away with
the exemptions and deductions in a moderate tax regime
|
10
|
196
6.5.2016
|
IT Paying Senior Citizens
and Women
the commissionerate-wise details of number of senior citizens and
women in the country paying Income Tax - Assessment Year 2015-16, 35,84,971
senior citizens ( individuals of the age of 60 years or more) and 91,90,718
women ( regardless of age) have filed their Income Tax Returns (ITRs) till
05.04.2016; rebates provided to senior citizens and women under the
Income Tax Act - given; suggestions – considered as part of budgetary
exercise. No supplementaries
|
11
|
2120
6.5.2016
|
Outstanding Direct Tax
over 96 per cent of the outstanding direct tax dues at the end of
2014-15 are difficult to recover; details of the outstanding amount of direct
taxes at the end of 2014-15 along with
the reasons for not recovering the same; steps taken by the Government to
recover the outstanding direct tax expeditiously – continuous process
|
12
|
2139
6.5.2016
|
Tax Collection
estimate and collection of direct and indirect taxes, head-wise
during each of the last three financial years; date-wise, name-wise details
of the taxes, duties, surcharges levied and recovered during the last year
along with the goods on which these taxes have been imposed; various steps
taken or proposed to be taken to improve the tax collection and boost the
economy of the country- standard data and banal reply
|
13
|
2144
6.5.2016
|
Evasion of Capital Gains
Tax
demand made to take legal action besides imposing follow-up interest
and monetary penalty on the companies which have not paid due capital gains
tax and if so, the details of the last three financial years; data regarding
imposing interest and penalty on such defaulting companies; revenue losses suffered by the Government
worth crores of rupee - separate
data for liability on account of tax, interest and penalty attributable to
evasion of tax on capital gains is not maintained. Further, disclosure of
information regarding specific taxpayers is prohibited except as provided in
section 138 of the Income-tax Act, 1961; corrective steps in this
regard
|
14
|
2159
|
Gold Monetisation
temples, religious bodies deposited gold under the Gold Monetisation
Scheme (GMS) so far, State-wise; steps being taken by the Government to
attract temples that have huge gold reserves to deposit in the scheme - Eight (08)
temples have deposited gold under Gold Monetisation Scheme, 2015 so far and
the State-wise details are as under: Tamil Nadu 04, Maharashtra 02, Andhra
Pradesh 01, Jammu and Kashmir 01; whether the Government intends to
make it mandatory for temples to deposit in the scheme at any point of time
in the future, if so, the details thereof- no; steps taken by the Government
to persuade such religious bodies to opt for GMS - Government allowed redemption of long
term and medium term deposits in the form of gold and the guidelines to this
effect has been issued by RBI on 31st March, 2016.?
|
15
|
2202
6.5.2016
|
GSKVN
corporations working for Safai Karmacharis in India as State
Channelizing Agency (SCA) of the National Safai Karmachari Finance
Development Corporation (NSKFDC) and paying Income Tax - not
centrally maintained; exemption of NSKFDC under Section 10 (26B) IT
Act; demand to add GSKVN aN SCA of NSKFDC, in Section 10(26B) of ITA tax
exemption; the response of the Government- not acceded to
|
16
|
2228
6.5.2016
|
Taxing Foreign Artists
Pakistani and other who come to India for work - taxed in as per DTAA with concerned countries or the
domestic tax laws, whichever is beneficial to them; names of persons who paid taxes during each
of the last three years – not maintained
|
17
|
2230
6.5.2016
|
Tax on Digital Services
Recommendation for the levy of a 6-7 per cent tax on digital services
by committee of CBDT - six to eight percent, on any consideration of more than one
lakh rupees received by a non resident from a resident in India or from a
permanent establishment in India for certain specified digital services,
including online advertising, any services for online advertising and digital
advertising space; assessment of its impact on consumers - he proposed
levy will have no direct impact on consumers as it is applicable only to
business to business transactions
|
18
|
2275
6.5.2016
|
Non-Publishing of IT
Statistics
since the year 2000, reasons - data published in the “All India Income
Tax Statistics” is based on the estimates being made on relatively small
sample size, not representative of the population of tax payers/assesses for
different categories; Government proposes restore the publication in the revised
format in public domain
|
BLACK MONEY
1
|
942
29.4.2016
|
Implementation of GAAR
Implementation of GAAR in the country from next financial year, reasons
for the delay, if any- from 1.4.2017 i.e. assessment year 2018-19, also
reflected in budget 2016; steps to overcome the hurdles and implement the
GAAR in the country- contained in Chapter XA and section 144BA of IT Act,
1961, necessary rules notified
|
2
|
1077
29.4.2016
|
Investigation of Offshore
Accounts
modalities by which black/ unaccounted money taken out of the country-overvaluation
of imports and undervaluation of exports, remitting foreign exchange on the
strength of forged import documents, etc; 'Panama Papers', steps taken to
ascertain authenticity - icij made revelations put a caveat that it should
not be assumed that everyone who appears in the Panama Papers in involved in
tax avoidance or evasion. also
measures taken through enhanced international cooperation; team/agency/body set
up to investigate suspected tax evasion by individuals named in the Panama
Papers Leak case; findings; action taken or proposed - constituted a
multi-agency group on 4.4.2016, further course of action depends on outcome
of investigation
|
3
|
SQ 189
6.5.2016
|
Over valuation of Coal
Imports
Mechanism to monitor and track cases of under/over valued imports
along with major cases investigated -12 major under valuation cases (of duty
involving more than Rs. 1 crore in each case) involving a total duty amount
of about Rs. 135.70 crores; nationwide alerts- yes; power generating
companies and traders- under investigation. No supplementaries
|
4
|
2293
6.5.2016
|
Export of Basmati Rice
Modus operandi in export of high quality Basmati rice; instead of the
consignment reaching Iranian shores, it was diverted midsea to Dubai
allegedly with the connivance of cargo ship operators carrying the goods;
payments - - consignments of rice meant for Iran diverted to Dubai with
payments for the said goods received in Rupees instead of freely convertible
foreign currency, by misusing the facilities granted to the goods actually
exported to Iran; agency identified; action taken
|
5
|
2246
6.5.2016
|
Offshore Tax Evasion
difficulties in unearthing black money action taken- constitution of
SIT; plans to announce another window under the disclosure scheme of black
money- no; progress made so far to resolve these disputes; countries agreed
to set up competent authorities engaging in bilateral dialogue to move toward
cooperation in tackling offshore tax evasion and avoidance; tax haven
countries agreed to collaborate in tackling offshore tax evasion and the
avoidance including the joint tax audits- over 90 jurisdictions, including several
no-tax or low-tax offshore jurisdictions, have expressed their commitment for
putting in place the common reporting standards (CRS)
|
INDIRECT TAXES AND GOLD
1
|
SQ 96
29.4.2016
|
Education Cess
Modus operandi of allocation and amount collected on IT since
inception- figures both income tax and indirect tax given; education cess on IT introduced on Finance
(No. 2) Act, 2004 for the first time, levied as NCMP mandate.Secondary and
higher education cess though finance act, 2007. No supplementaries
|
2
|
SQ 98
29.4.2016
|
Taxation of E-Commerce
Committee to examine taxation from e-commerce in the country,
composition and terms of reference-8 members comprising JSs in CBDT, one
CIT(IT), one industry rep nominated by CII, one nominated by the ICAOI and
one expert in international taxation; report- already submitted; recommendations and action- given; no
estimate of revenue from equalization levy. No supplementaries
|
3
|
924
29.4.2016
|
Tax on Cement (construction material)
rates of duty applicable and amount of revenue realized against each
item of construction material during each of the last three years,
State/UT/zone/ commissionerate-wise- annexure given (which is of course
missing in the website as on Monday the 6th June, 2016);
representations examined as part of budgetary exercise.
|
4
|
949
29.4.2016
|
Gold Deposit by Religious
Institutions
under the Gold Monetisation Scheme (GMS), 2015- Approximately
1512 Kilograms of gold have so far been deposited by Temple/Trusts; there
is increase in the availability of gold domestically has resulted in a
reduction in the quantum of gold imports in the last six months
|
5
|
982
29.4.2016
|
Duty Free Shops
details of the duty free shops running at different airports in the
country as on date, airport-wise; item-wise duty relaxed last three years,
airport-wise; complaints from public representatives regarding non-exemptions
of duty on products bought from duty free shops running at airports in the
country; action taken- assurance given
|
6
|
1014
29.4.2016
|
Revenue Earned Through
Export
sector-wise revenue earned through export during each of the last
three years and the reasons for reduction, if any- iron ore & concentrate,
chromium ore & concentrate, mica, coir, animal feed, leather and other
items in 2013-14, 2014-15 and 2015-16 was Rs. 2821.29 cr. Rs. 607.65 cr and
Rs 901.93 cr (provisional) respectively- revenue depends upon factors such
as, inter alia, export duty structure, value of dutiable exports and regulatory
framework; (b) whether the Gross Domestic Product (GDP), Foreign Exchange
Reserves and Current Account Deficit are affected by export, if so, the
details thereof; and (c) the steps taken or proposed to be taken to stabilize
the economy of the country- fiscal deficit projected at 3.5 % of GDP I
2016-17 as against 3.9% in 2015-16(RE) which testifies the Govt’s commitment.
|
7
|
1067
29.4.2016
|
Anti-Dumping Duty
whether the Government recognize that many countries impose
anti-dumping duty on solar panels from China whereas India doesn't impose
such duties; result of absence of antidumping duty on import of solar panels
from China -no anti-dumping duty is applicable on solar panels imported from
China. On the basis of a petition for imposition of anti–dumping duty on
solar panels from various countries including China PR was received in the
Directorate General of Anti-dumping and Allied Duties on 18.09.2015, the
domestic industry was asked to give complete information in the prescribed
format which has not been complied with till date; reaction - given
|
8
|
1055
29.4.2016
|
Mobile App About Customs
Rules
Launch of mobile App to inform traders/ exporters/importers about
customs rules – launched by CBEC namely Indian Customs-Guide to Travellers;
details thereof- developed by Bangaluru Customs the app is available on
Android Play store, Apple Store and Windows Store; benefits - serves as a
ready beckoner of Customs Baggage Rules, 2016 and entitlements to
International passengers, user friendly and serves as a useful tool for quick
and effective dissemination of information about baggage rules and
entitlements and thus serves to clarify doubts and concern of
International passengers and ensure better compliance. |
9
|
1087
29.4.2016
|
Linking of PAN Card with
Jewellery Transactions
mandatory display and recording of PAN cards for purchases of
jewellery above a certain purchase value threshold and details and increase
or decrease in the retail sale of jewellery over the last three years,
State-wise – 5 lakh 2011 revised to 2 lakh w.e.f 1.1.2016; reasons for the
percentage increase or decrease sale and impact of the PAN card rule on gold
sales; leading of the rule for gold to ascertainment of tax evaders – it may
not be feasible to assess; plans to discontinue the rule – no plan
|
10
|
1102
29.4.2016
|
Smuggling of Coral
seizure of 15450 kilograms of banned coral - valued at Rs.185.40 lakh as per the
Indian market, imported illegally from China in February, 2016; steps
taken by the Government – customs formations sensitized
|
11
|
*189
6.5.2016
|
Over Valuation of Coal
Imports
mechanism in place to monitor and track cases of under/over valued
imports, along with major cases investigated - Risk Management System (RMS) interdicts
import consignments on the basis of risk parameters, 2 major undervaluation
cases (wherein duty involved is more than Rs.1 crore in each case) involving
a total duty amount of about Rs.135.70 crore investigated; issue of Nationwide
alert to its customs formations to scrutinize coal imports for overvaluation
by DRI – time to time; inflation of value of coal imported by traders beyond
prevailing market price - ,matter under investigation; investigation of modus-operandi
of this suspected scam; other steps – DGRI, DG of Valuation and field
formations keep vigil and based on investigations action taken. No Supplementaries
|
12
|
2071
6.5.2016
|
EDI System
Coverage of Ports and Customs points are yet to be covered by
Electronic Data Interchange (EDI) and Trade Facilitation System - 135 sites
generate more than 90% of the Custom’s Revenue and account for more than 98%
of import-export declarations; action plan to adopt paperless platform
- CBEC,
Ministry of Finance, Government of India has launched Single Window project
as part of an action-plan to adopt paperless platform for regulatory
clearance of import-export.
|
13
|
2093
6.5.2016
|
Gold Monetization Scheme
initiatives/steps/schemes for implementation of Gold Monetization
Scheme - launched the scheme on 5th November, 2015; extent of success - 2820
Kilograms
|
14
|
2236
6.5.2016
|
Service Tax on Lotteries
Imposition of service tax on lotteries, realization therefrom, Zone
and Commissionerate-wise; representation; response – no does not arise
|
15
|
2256
6.5.2016
|
Online Assessment of Export
of Gems
online assessments of export of gems and jewellery and if so, the
details thereof; reasons and motive behind the proposals - to bring
all assessments of imports and exports under the online procedure to minimize
human interface for speedier clearance and greater transparency; time for
implementation - already been
implemented in Mumbai and Delhi.;
|
16
|
2257
6.5.2016
|
Account of Gold
account with RBI of the total quantity and value of gold in
Government's procession and in markets for domestic consumption as well as in
public possession as on date; quantity and value of gold in Government's
possession; total quantity and value of gold imported and exported last three
years - RBI 557.75 metric tons of gold having value of Rs. 1334.3 billion on
April 22, 2016. There are stocks of over 20,000 tons of gold in India. ; measures taken to control
and steady the gold in Government's possession, in markets for domestic
consumption and in public possession – launch of Gold Monetisation Scheme and Sovereign
Gold Bonds Scheme
|
17
|
2293
6.5.2016
|
Export of Basmati Rice
Unearthing of massive scam in export of high quality Basmati rice;
modus operandi adopted by the agencies involved therein; instead of the
consignment reaching Iranian shores, it was diverted midsea to Dubai
allegedly with the connivance of cargo ship operators carrying the goods;
payments were also made from Iran to these exporters in India - consignments
of rice meant for Iran were diverted to Dubai. The payments for the said
goods were received in Indian Rupees instead of freely convertible foreign
currency, by misusing the facilities granted to the goods actually exported
to Iran; agency involved in the said scam has so far been identified;
action taken against these agencies- no
|
ECONOMIC GROWTH
1
|
933
29.4.2016
|
Foreign Exchange Reserve
total foreign exchange reserve in the country at present - US$ 360.3
billion as on 15th April, 2016; names of the countries whose currency
is included in the country's foreign exchange reserves; amount invested by
the RBI out of the said reserves during the last three years - portfolio
of reserves invested largely in major currencies like US dollar, Great
Britain pound, euro and Japanese yen; likely impact on prices as a
result of not using the said reserves for production of work - level of
FER/FCA not affecting prices directly
|
2
|
939
29.4.2016
|
ECB Norms
whether the Government has asked the RBI to reconsider its External
Commercial Borrowing (ECB) norms to allow foreign currency debt to
infrastructure for medium term also and if so, the details thereof- minimum
average maturity period of 5 years, subject to 100% hedging from March, 2016;
whether in the event of the ECB being allowed under medium term, the
Government expects good investments in infrastructure projects; and if so,
the details thereof - It has been decided to allow companies in infrastructure
sector, Non-Banking Financial Companies-Infrastructure Finance Companies
(NBFC-IFCs), NBFCs-Asset Finance Companies (NBFC-AFCs), Holding Companies and
Core Investment Companies (CICs) to raise foreign currency denominated
External Commercial Borrowings (ECB) with minimum average maturity period of
5 years subject to 100 per cent hedging
|
3
|
944
29.4.2016
|
Loan Restructure
whether a number of private companies have not been able to service
their debt for the last three years, if so, the details thereof; whether the
Government has issued any guidelines wherein the companies have to offload
their shares or sell some assets and repay some part of loan before banks do
restructuring, if so, the details thereof- as per RBI circular on Joint Lenders’
Forum (JLF) dated February 26, 2014, the general principle of restructuring
mandates shareholders to bear the first loss rather than the debt holders to
ensure more ‘skin in the game’ of promoters. Accordingly, the JLF/Corporate
Debt Restructuring (CDR) may consider any of the following options when a loan
is restructured:• Transfer of equity of the borrower company by promoters to
lenders for compensation of their sacrifice;• Infusion of more funds by the
promoters; • Transfer of promoters’ holdings to a security trustee or an
escrow arrangement till turnaround of the company. Further, a clause for sale of
non-core assets may be stipulated as a condition for restructuring of account
by the JLF/CDR.; and concentration of 60 per cent of stressed assets
in metals and infrastructure companies which account for three forth of banks
corporate loans- The advances and NPAs towards metal and infrastructure
companies accounts for 44.55% and 38.27% of corporate advances and corporate
NPAs of PSBs, details given
|
4
|
997
29.4.2016
|
Assistance from World Bank
details of World Bank funded projects approved/amount received and
assistance provided during each of the last three years, State-wise; amount
spent on various projects during the said period? Annexures not accompanied
in reply in website
|
5
|
1011
29.4.2016
|
Value of Rupee
continuous depreciation in value of Indian rupee in the recent years against US dollar, UK pound and Euro with
reasons last three years; depletion of country's foreign exchange reserves
significantly details of in 2014-15, Indian rupee depreciated against US dollar and
UK pound by 1.0 per cent and 2.3 per cent respectively. Effective measures taken by the
Government to arrest the depreciation in rupee value- the exchange
rate of the rupee is market determined and is impacted by both domestic as
well as external developments. The exchange rate policy is aimed at managing
excessive volatility and maintaining orderly conditions without having any
fixed target or band for the exchange rate. The Government and RBI are
closely monitoring the emerging external position.
|
6
|
†1058
29.4.2016
|
Debt of the Country
per capita internal and external debt of the country during each of
the last three years and the current year till date; growth in the domestic
and foreign debt disproportionate to the growth in GDP for the same period
and if so, the details thereof and reaction of the Government- its within
manageable level, in 2015-16 and 2016-17 growth in debt and gdp estimated at
10.4 and 8.6% 7.9 and 11% respectively; and measures taken or proposed to be
taken to improve the scenario- adopted the path of fiscal consolidation with
gradual exit from the fiscall unsupported expansionary measures in a
calibrated manner.
|
7
|
1080
29.4.2016
|
Utilization of Funds
imbalance between funds allocation and utilization by various
Ministries under their various welfare schemes, reasons therefor with the
reaction thereto, Ministry/ Department-wise during each of the last three
years; measures being taken by the Government to ensure administrative
efficacy in executing the plans/schemes of various Ministries - Administrative
efficacy in implementation of various Schemes has been ensured through
rationalization of programs and schemes, minimizing the number of CSSs to
avoid too thin spread of resources, strict enforcement of provisions related
to Utilization Certificates, Direct Benefit Transfers (DBT), efforts to
minimize idle parking of funds, midyear Budget review, etc.
|
8
|
†1106
29.4.2016
|
Loans from Industrial
Financial Institutions
details of outstanding loan of Government towards each of the
Industrial Financial Institutions such as WB, ADB etc.- adb 660 million; wb-
615 million; ida 1637 million and ifad 21 million (approximately); amount of
the loan during the last three years, year-wise and institution-wise along
with the reasons therefor- adb 4263cr, 6580 cr and 7176.90 crs; ibrd 3402 cr,
5634.81 cr and 5782.39 cr; wb(da) 6738.90 cr, 8015.20 cr and 9439.71 cr and
ifad 210.29 cr, 191.74 cr and 220.05 cr for 2013-14, 2014-15 amd 2015-16
respectively; steps taken by the Government in this regard
|
9
|
1107
29.4.2016
|
ADB Growth Forecast
Lowering of India's growth forecast ADB to 7.4 per cent for 2016-17;
details and reasons/factors cited by the ADB behind its forecast about
India's growth rate - The details and reasons cited by ADB for lower growth rate
during 2016-17 are as under :-
• Public investment will continue to be an important driver of growth, as the government is expected to use savings from oil to further boost government investment. However, the finances available to ramp up investment in 2016-17 will be smaller than in 2015-16, given the government’s commitment to fiscal consolidation and increased outgo on account of a higher public sector wage bill. • Anemic growth in advanced economies including the United States and Euro area, lower export commodity prices, and weaker currencies in some major trading partners vis-Ã -vis the Indian rupee are likely to hit merchandise exports and financial, telecom, business, and other tradable services. Lower net exports would thus impinge on growth. |
10
|
1132
29.4.2019
|
Violation Cases of FDI
Norms
FDI inflows during each of the last three years and the current year
along with the details of the present norms prescribed by the Government for
FDI by companies into the country; cases of violation of FDI norms by many
companies have been reported and forwarded to the Directorate of Enforcement
(DoE) for investigation during the said period; company-wise- 1012-13 34,298;
2013-14 36,046; 2014-15 44,291 and 2015-16 till Feb ’16 51,636 crore
|
11
|
*181
6.5.2016
|
Direct Benefit Transfer
details of schemes and subsidy outgo channelised under the Direct
Benefit Transfer (DBT) regime in the country, scheme and State/UT-wise; extent
to which leakages plugged and subsidy fine tuned thereunder in the aftermath
of DBT MGNREGS, NSAP(IGNOAPS, IGNWPS&IGNDPS) oF and ministries of RD,
PNG,HRD, Mo Labour; TA, SJE, H&FW, Finance(LIC), Culture, Defence
(Kendiya Sainik Board), S&T. Total of 61,824.30 crore in 2015-2016 transferred;
assessment of achievements and benefits accrued under these schemes; proposals
to cover all schemes of the Union Government under DBT; steps taken/being
taken by the Government
Points emerged during
Question Hour:-number of bank mitras increased, possibility of making
payment through mobile phones. 50% of the Indians who did not have access to
bank account were able to have a bank account, ensuring that every citizen
has a bank account and can easily access the bank account by equipping each
post office with an ATM, micro-ATM by building out the Bank Mitra and so on,
major benefits are NREGA payments as well as PAHAL, direct subsidy cash
transfer and scholarships. For future pilot programmes, such as for example
the health insurance programme as well as other social security benefits like
pension that we may be able to offer
|
12
|
SQ 190
6.5.2016
|
National Infrastructure
Investment Fund
initial corpus and current level of NIIF set up to reduce the
financial gap for infrastructure projects in the country – Rs. 40000 crore,
may be raised from time to time; investment made last three years, sector and
year-wise; MoU signed between India, UAE for long term investment in NIIF –
February 11, 2016; terms of conditions, principles and other criteria laid
down jointly by both the countries to take forward the cooperation as
envisaged in the MoU – the MoU is designed to establish a transparent and
high level framework and collaboration platform. No
supplementaries
|
13
|
2077
6.5.2016
|
Direct Cash Transfer
Iinitiation of Direct Cash Transfer system to millions of poor
beneficiaries under various Government schemes and if so, the details thereof
–In 2015-16, Rs. 61,824.32 crore has been
disbursed to 30.78 crore accounts in 59 schemes of 14 Ministries/
Departments.; - The roles and responsibility of State/UT Government in
enumerating and identifying of the beneficiaries as under:
(i) To accurately identify beneficiary as per the eligibility norms of the scheme. (ii) To capture the details of the beneficiaries with Aadhaar and bank account. (iii) To digitise and upload the beneficiary’s details on IT portal. (iv) To update the beneficiary details regularly |
14
|
2086
6.5.2016
|
Hiring Professionals from
Abroad
To run signature programmes in various Ministries/Departments of the
Government; assessment of the works done/achievements made under the services
of these hired professionals - Long Term concessional loans and Official
Development Assistance is accepted by the Government of India in the form of
loans, credits and grants from bilateral partner countries and Multilateral
Institutions; the stand of the Government with regard to connection of
this process of hiring foreign professionals - outcome of utilising the services of
such professionals and achievements under specific projects are
monitored/assessed by respective Ministries/Departments on a regular basis.
|
15
|
2116
6.5.2016
|
Austerity Measures
data pertaining to public expenditure, last three years - from
Consolidated Fund of India 2012-13 5029810.80; 2013-14 5286232.27; 2014-15
5616843.05; austerity measures to contain rising public expenditure
has helped save funds; last two years - No accounts specifically on saving of
funds maintained
|
16
|
2158
6.5.2016
|
Effect of Devaluation of
Yuan
Affect on India's exports and manufacturing industry of recent
devaluation of Yuan steps taken to protect manufacturing sector and boost the
export sector; Government objection for including Yuan in the basket of currencies
which determines Special Drawing Rights of IMF; receipt of report or
complaints from Indian industries including steel and tyre industries
regarding dumping by China; steps taken to protect domestic industries - On the
basis of petitions filed by the domestic industry, Directorate General of
Anti-Dumping & Allied Duties (DGAD) has recently initiated investigations
on imports of steel and tyres from China and some other countries. Safeguard
duty @20% has been imposed on HR coils for a period of two and a half years
w.e.f 14.09.2015
|
17
|
2167
6.5.2016
|
CSR Spending for Swachh
Bharat Programme
Swachh Bharat cess introduced in November 2015 to mop Rs. 10,000
crores in 2016-17; Indian corporates to set aside 30% of their CSR spend for
Swachh Bharat to help the Centre to raise over Rs. 2 lakh crores over the
next three years for Swachh Bharat programme; response thereof; further stand
taken - no proposal to mandate Corporates to set aside 30% of their CSR spending
for Swachh Bharat under consideration of the Government.
|
18
|
2177
6.5.2016
|
Moody's Rating of 'Make in
India' Initiative
Call of international credit rating agencies including Moody's of 'Make
in India' initiative a success; reaction of the Government; FDI inflows
hitting more than financing the CAD for the first time since 2004; the
foreign reserves during each of the last three years - Moody’s
Investors Service in its Report titled “Government of India: Rising Foreign
Direct Investment Provides Stable Financing of Current Account Deficit, a
Credit Positive” which was released on 7th April, 2016 has observed, “The
rise in FDI points to stronger investor interest in India on the back of
robust economic growth. Higher inflows also suggest that recent government
policies, such as efforts to liberalize foreign investment limits in several
sectors and the ''Make in India'' initiative, are bearing fruit.”
This report is a reflection of growing international recognition of the Government’s policy of giving a boost to the manufacturing sector through the ‘Make in India’ initiative |
19
|
2222
6.5.2016
|
Expenditure Management
Commission
Submission of Bimal Jalan headed Expenditure Management Commission
suggesting a slew of measures to stream Government spendings and plug the
leakage of subsidies, action taken ;call of the report calls for using direct
benefit transfers for scholarships, pensions and subsidies as well and also
for streamlining of expenditure and review grants made to autonomous bodies;
other major recommendations made by the Commission; follow-up action - The
Expenditure Management Commission has submitted its final report and the
report is under examination
|
20
|
2243
6.5.2016
|
MoU with IMF
MoU with IMF to establish SARTTAC in the national capital; the
objective behind this move – to give a fillip to capacity development efforts,
It
will provide training to government and public sector employees, enhance
their technical and analytical skills and improve the quality of their inputs
into policy. It will also provide technical assistance to governments and
public institutions in various areas such as macroeconomic policy, macro- and
micro-prudential regulation, financial sector supervision as well as national
accounts, statistics and forecasting. ;
terms and conditions of the MoU; number of courses being offered for policy
makers and other Government agencies; time by which centre is likely to be
established and made functional - during 2016-17 and will become fully
operational in 2017-18
|
21
|
2247
6.5.2016
|
FRBMA
steps taken by the Government to move on the path of reduction in
revenue deficit and fiscal deficit as per the mandate of the FRBM Act and
achievement thereon during each of the last three years - Government
is committed to carry forward the process of fiscal consolidation as per
targets assigned by the FRBM Act / rules. Fiscal consolidation has been
designed with judicious mix of rationalization in total expenditure as a
percentage of GDP and improvement in gross tax and non-tax revenues as a
percentage of GDP with improved balance between revenue and capital
expenditure. 2015-16 FD
3.9% and 2.5% ; 2014-15 4.1% and 2.9% ; 2013-14 4.4% and 3.2% of FD and RD of
GDP; shortfall in the FRBM and action taken or proposed - FRBM Act,
2003 was amended in the year 2015 and the FRBM (amendment) rules, 2015 were
notified, timeframe to achieve deficit targets extended to 31st March, 2018;
sources through which the Government has attempted to raise additional funds-
augmenting all sources of revenue; quantum of funds used for payment of
interest on borrowings by the Government – interest payment in RE 2015-16
4,42,620 crore and BE 2016-17 4,92,670 crore; near term fiscal deficit target
for the country and steps taken or proposed to taken to achieve the same
target 3.5% of GDP
|
22
|
2260
6.5.2016
|
Indian’s Current Account
Deficit
assessment/study on CAD, to increase sharply by 2021 – 1.3 % of GDP;
outcome thereof; WEO and IMF projecting the increase in country's CAD - in billion
US dollar and as % of GDP- 2016 -34.5 -1.5 2017 -51.8 -2.1; 2018 -58.7 -2.2; 2019 -69.8 -2.3;
2020 -82.2 -2.5; 2021 -94.7 -2.6
Source: WEO database, April 2016, IMF; reaction of the
Government
|
23
|
2262
6.5.2016
|
REER of Rupee
method and reason behind calculating the REER of the Indian Rupee - REER index
constructed using CPI for both India and trade partner countries would ensure
a higher degree of comparability of former’s international competitiveness
vis-Ã -vis trading partner countries, three parameters (i) exchange rate of
respective countries, (ii) trade weights and (iii) relative prices; weight
age assigned to various currencies- while calculating the index and reasons;
details of REER of the Indian Rupee between 2004-2015
|
24
|
2280
6.5.2016
|
Crisis in China
assessment of the recent crisis in China and its possible impact on
the Indian economy; sectors/areas of the economy likely to be affected - the WEO and
IMF (April 2016)indicated that economic activity in some Asian advanced
economies closely integrated with China weakened sharply during the first
half of 2015, owing in part to steep decline in exports; steps to
protect and boost the Indian economy and to maintain the credibility of FIIs
- The
new FPI Regulations that came into effect from 1st June 2014 have adopted a
risk-based approach towards customer identity verification of FPIs
|
25
|
2290
6.5.2016
|
Stand-up Schemes
approval to ‘Stand-up India’ Schemes for promoting entrepreneurship
among the Scheduled Castes, Scheduled Tribes and women; schemes - manufacturing,
services or the trading sector.; amount of funds earmarked/ provided
under the said schemes - loans to be extended by banks, a credit guarantee fund of
Rs 5,000 crore for providing guarantee cover for such loans approved, initial
capital of Rs 500 crores to the corpus in FY 2016-17 made; targeted
jobs provision under the said schemes in the next three years - 2.5 lakh
borrowers based on two new enterprises by a bank branch. Each enterprise will
provide jobs depending on the nature of its operations.
|
26
|
2295
6.5.2016
|
Indebtedness of India
Increase in external debt in 2015-16 - total external debt stock stood at US$480.2
billion at end-December 2015, recording an increase of US$ 4.9 billion (1.0
per cent) over the level at end-March 2015 and US$ 21.4 billion (4.7 per
cent) over end-December 2014. However, on a sequential basis, total external
debt at end-December 2015 declined by US$ 1.2 billion from the end-September
2015 level. ;
quarter-wise details of the Government and non-Government external debt in
2015-16 along with the reasons for this increase in external debt; value of
foreign exchange paid as interest on such loans/debts during each of the last
three financial years – interest payment (US$ million)as at end of end-March
2012-13 10,944; 2013-14 11,175; 2014-15 PR 12,602;
efforts to reduce the burden of the said interest along with the outcome - As a result,
India’s external debt to GDP ratio remained at a comfortable level of 23.8
per cent in 2014-15
|
27
|
2296
6.5.2016
|
Internationalization of
Rupee
advantages of having Rupee as an international currency- greater
degree of integration with the world economy, reduced foreign exchange
exposure for Indian corporates, reduction in dependence on forex reserves for
balance of payments stability, etc.; challenges; requirements for evolving
Rupee as an international currency; stand of the Government - one of the
important drivers is the country’s share in global merchandise and commercial
services trade which India has on the lower side. Recently a framework for
issuance of Rupee dominated bonds overseas by Indian corporate was put in
place
|
STATES
1
|
940
29.4.2016
|
Industrial Package to Uttar
Pradesh
request from Uttar Pradesh for providing an industrial package to
areas bordering the districts of Uttarakhand such as Saharanpur; action taken
by the Union Government thereon- No does not arise
|
2
|
967
29.4.2016
|
Funds in Andhra Pradesh
funds disbursed to AP under CSS and Central Sector Schemes (CS) for
the last two years; release of funds deducted from plan funds earmarked for
AP- released
by the respective line Ministries. State-wise details annexed
|
3
|
2087
6.5.2016
|
Funds for Odisha
Cutting of differential cost from the developmental funds of Odisha-
yes; plans to establish a Inter-State council as a consultative mechanism
between the Union and States on this issue- no proposal
|
4
|
2088
6.5.2016
|
SIDF to Arunachal Pradesh
amount provided from the SIDF for Arunachal Pradesh; the amount when
sanctioned; total amount paid in the last financial year till March of 2016 –
no such fund
|
5
|
2104
6.5.2016
|
Release of Funds to States
amount released to States under various heads as recommended by the
Central Finance Commissions during each of the last three years – given in
annexure (not in website though); amount of cesses and surcharges collected
and appropriated for these purposes, during the same period - not
shareable with the States; differential costs to be made to States on
account of pay revision of employees – no proposal
|
6
|
2107
6.5.2016
|
Proposal of Andhra Pradesh
proposal sent by the Government of Andhra Pradesh regarding the
release of Rs. 12106.64 crore to make up for the revenue deficit of the State;
action taken; timeline in mind the proposed implementation of the same – the
state being adjudged revenue deficit by the FFC will receive Rs. 22,133 crore
during the award period 2015-20 from the year 2015-16.
|
7
|
2147
6.5.2016
|
Work in Amravati
request with regard to concession in excise duty, income tax and
capital investment in Amravati; response of the Union Government thereon- proposal
for wb assistance of Rs.5073 crore for Amravati capital city development
project with a total financial outlay of 7247 crore, accorded in-principle
approval by the screening committee of DOE in its 59th meeting
held on 18.3.2016
|
8
|
2157
6.5.2016
|
Central Assistance to
States
Allocation of 42% of the Central Tax share to State Governments as
per the FFC; amount released to various States during the above period,
year-wise- FFC releases made upto May, 2016 annexed; expression of concern
over reduction in central assistance to States compare to previous years;
steps taken to redress their grievances- on account of 32% to 42% UG has
delinked various plan schemes for block grants However during FFC period, Tax
Devolution and Finance Commission recommended Grants-in-aid to states is
estimated to be 44,72,472 crore as against the actual transfers of 14,45,942
crore during 13 FC showing an increase of 209%. Sikkim, Tripura, Uttarakhand
and Bihar expressed their concern over discontinuation of block grants.
Decided to provide spl assistance for developmental needs during 2015-16 &
2016-17
|
9
|
2161
6.5.2016
|
Allocation to States
Cut in allocation due to change in the allocation of the net proceeds
of taxes and duties between the Union Government and the States; schemes cut
or transferred to the States; status of the schemes transferred to the States
and which schemes are yet to be transferred along with the reasons
|
10
|
2172
6.5.2016
|
Allocation of Funds
Introduction of single window system for communicating annual
allocation and fund sharing pattern of Centrally Sponsored Schemes to the
States - Assistance to states for projects sanctioned under CSS and CS are
released y the respective line Ministries. Ministry has apprised all about
the list of CS schemes through the statement 16-A of Expenditure Budget Vol.
I 2016-17; amount released to States including Odisha under the various area
specific development programmes - statement of ACA released under demand no
37 opened by DoE under specific development programmes, funds released
towards special plan for Bihar, special plan of KBK districts of odisha,
special plan for west Bengal, Bundelkhand, package for MP and UP covered
under BRGF(state component, BADP and LWE districts- formerly IAP, etc.
annexed; continuation with Central Assistance for the Area Specific
Development Programmes like Special Plan for KBK, BRGF and IAP under the
Central Assistance to State Plans-; steps proposed - the UG taking into
account problems faced by the various state governments, has created a new
budget line in 2016-17 in the name of Special Assistance for providing
assistance to states for specific needs, an amount of Rs. 10890 crore was
released as Central assistance to the states, further an amount of 9000 crore
under special assistance has been provided in 2016-17 in BE
|
