Chhattisgarh Economy

What is the contribution of animal husbandry in Gross State Domestic Product of Chhattisgarh at constant prices in the year 2015-16 (A) 2.56% (B) 1.27% (C) 2.27% (D) 1.33%   What contribution of tax revenue is estimated in total revenue receipts of Chhattisgarh in the year 2015-16? (A) 18.18% (B) 17.27% (C) 12.27% (D) None Ans: (D)   Which of the following is not an important industry of Chhattisgarh from the point of view of production? (A) Iron & Steel (B) Cement (C) Chemical (D) Aluminium Ans: (C)   Which statement is NOT correct about the goals of 12th five ... Read more

State of the Economy:- According to 14th Planning Commision, During the last two plan periods, Chhattisgarh had achieved a growth rate comparable to national level. For the first two years of Twelfth plan, its growth rate had been better than that of all India. Primary sector provides sustenance to nearly 80 per cent of the population and contributes nearly 30 per cent to GSDP. However, with 70 per cent area under rain-fed agriculture, uncertain monsoon conditions affect the income of rural population. The contribution of secondary sector to the GSDP has, in recent years, declined in terms of percentage, despite ... Read more

Introduction to the economy of Chhattisgarh:-   Economy of Chhattisgarh boasts of a thriving infrastructural support which is aptly enhanced by multifarious industries. While agriculture and power are the key drivers of growth in the state, real estate, banking & finance and tourism sector are the other allied industrial zones that collectively form a strong economic platform for Chhattisgarh. Salient Highlights:- One of the few states having surplus electricity, Chhattisgarh is quite efficient in utility-based power consumption. Korba district in Chhattisgarh is known as the power capital of India. It is also among the few profitable states in terms of ... Read more

In the Year 2014, Chhattisgarh ranked as the best performing state in most of the key fiscal parameters, according to a Reserve Bank of India (RBI) study. According to the study, Chhattisgarh has done reasonably well in spending its money in developmental sector, one of the key parameters to judge States overall performance. As per RBI study, published in its annual number, ‘State Finances – A study of budgets of 2013-14’:- Chhattisgarh’s development expenditure as per cent of Gross State Domestic Product (GSDP) was highest in the country. In Chhattisgarh, development expenditure was 20.7 per cent of GSDP, whereas average ... Read more

Main Features of budget of Chattisgarh Following are the main features of Chhattisgarh Budget 2017-18 that was presented by Raman Singh. Sector wise highlights of the budget- Social Security- Social Security Pension – 709 crore Scholarship for Students with Special Needs will be doubled -1 crore 22 lakh Divyang College at Raipur – 2 crore 56 lakh Labour Welfare Asangthit KarmakarKalyanMandal – 39 crore 75 lakh MukhyamantriShram Anna SahayataYojna – Hot Cooked food for labourers – to be implemented in 10 districts. Agriculture and allied sectors Agriculture Budget – 10 thousand 433 crore – 26 percent increase from 2016-17 Minor ... Read more

Main Features of budget of Chhattisgarh Following are the main features of budget of Chhattisgarh 2017-18 that was presented by Raman Singh. Sector wise highlights of the budget- Social Security- Social Security Pension – 709 crore Scholarship for Students with Special Needs will be doubled -1 crore 22 lakh Divyang College at Raipur – 2 crore 56 lakh Labour Welfare Asangthit KarmakarKalyanMandal – 39 crore 75 lakh MukhyamantriShram Anna SahayataYojna – Hot Cooked food for labourers – to be implemented in 10 districts. Agriculture and allied sectors Agriculture Budget – 10 thousand 433 crore – 26 percent increase from 2016-17 ... Read more

Chhattisgarh: Trade From the very beginning when the state was formed, Chhattisgarh has started working towards increasing trade in terms of quantity and quality. The State produces nearly 15 million tons of steel, which is 30 percent of  country’s total production capacity. Annual production of cement in Chhattisgarh has reached 18 million tons, which is 15 per cent of country’s total production capacity. Likewise, annual Aluminum production capacity of Chhattisgarh has also reached 3.50 lakh tons,which is 30 per cent of country’s total production capacity. Chhattisgarh Trade Centre: The Chhattisgarh State Industrial Development Corporation (CSIDC) is envisaging development of the ... Read more

  Tax reforms are very important for the graceful implementation of tax structure of any state. It boosts tax payers to pay the taxes and to fill the government exchequer.   Tax Reforms: Several tax reforms have been implemented to make the payment and collections of taxes a painless exercise for Businesses operating in the State. Some of the major reforms have been: Congregating all major taxes in GST Simplification of application forms and procedure of approval Single ID for all State taxes; Online payment and return filing system No check posts required for tax filing and payment No Business ... Read more

    A number of mineral based industries have been established in the State, based on availability of the basic infrastructure and raw material Details of the existing industrial units are as follows:   IRON & STEEL PLANT:   Bhilai Steel Plant Bhilai, Durg     1959   SPONGE/PIG IRON PLANTS: Over 85 units have been established in the state for producing sponge iron and other allied material.   CEMENT PLANTS:   ACC Ltd., Jamul, Durg 1965 15.80 Century Cement Ltd, Baikunth Raipur 1975 18.00 Grasim Cement Ltd, Rawan, Raipur 1995 20.61 Lafarge India Ltd., Gopalnagar, Janjgir 1982 22.40 Ultra Tech Cement ... Read more

  Chhattisgarh is ranked four in terms of doing business in India among the other Indian States. S. No. Particulars 2015 2016 1 Ranking as per DIPP& World Bank 04 04 2 Implementation Scorecard 62.45 % 97.32% 3 Reform points 285 reforms 340 reforms   A lot of steps has been taken to enhance commerce and business in Chhattisgarh. Some of these are follows: Access to Information and Transparency Enablers Single Window System Availability of Land Construction Permit Enablers Environmental Registration Enablers Labour Regulation Enablers Obtaining Electricity Connection Online Tax Return Filing Inspection Reform Enablers Commercial Dispute Resolution Enablers   ... Read more