fiscal deficit

Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, stress has been laid upon the use of latest technology. A great reduction has been effected in the role of the public sector.  Efforts have been made to encourage foreign investment. Investment decision by companies has been facilitated by ending restrictions imposed ... Read more

Pattern of Revenue Expenditure In India, government expenditure – as per the provision in the Constitution – is divided into revenue expenditure and capital expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close to 70% and that of Plan at 30% all these years. The Planning Commission, in the 11th Plan (2007-12) document prepared in 2007, had proposed abolition of this “illogical and dysfunctional” distinction citing several issues (mentioned later in the article). A high-level committee on Efficient Management of Public Expenditure, was ... Read more

Budgetary Deficit Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called deficit financing by the government of India. This deficit adds to money supply in the economy and, therefore, it can be a major cause of inflationary rise in prices. Budgetary Deficit of central government of India was Rs. 2,576 crores in 1980-81, it went up to Rs. 11,347 crores in 1990-91 ... Read more

CHHATTISGARH Govt to develop tourist spots in surguja forests   The State Government is planning to develop tourist destinations in forests of Surguja region, officials informed. It may be recalled that the Chhattisgarh Government is also creating an ‘eco-ethnic’ tourist destination near the world famous Chitrakot water falls in Bastar region of the State, official sources informed.   Notably, the State exchanged MoUs worth Rs 12 crore for development of world-class tourist facilities during  ‘Incredible India Tourism Investors’ Summit (IITIS)-2016’ organised by the Ministry of Tourism in partnership with Confederation of Indian Industry and the Tourism Finance Corporation of India ... Read more

CHHATTISGARH C’garh maintains high growth levels, keeps fiscal deficit low: crisil   Chhattisgarh, Karnataka, Maharashtra, Gujarat and Telangana were among the States which successfully managed high growth levels while keeping their fiscal deficits below 3 per cent says a CRISIL report.   Gujarat, Madhya Pradesh and Haryana were the top three fastest growing States in the last four fiscals, while Punjab, UP and Kerala featured in the bottom three, it informed.     INTERNATIONAL   ·        Google on United States best workplaces list for 10 consecutive years   Technology giant Google has ranked 5thon the list of ‘100 best companies to ... 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