investment

CHHATTISGARH   Ekyc must before smartphone distribution: govt   The Sanchar Kranti Yojana (SKY) in Chhattisgarh is the world’s largest such programme for distribution of smartphones and for augmenting the telecom network.   Under this scheme, over 50 lakh smartphones will be distributed to rural households and urban poor households. This scheme is also the single largest ever activity to drive gender empowerment as the beneficiary in each household is the female of the household.   CHiPS, the nodal agency for IT in Chhattisgarh, has been working on this complex project along with the Panchayat and Rural Development Department and ... Read more

CHHATTISGARH C’garh bags award for being top gem buyer Government e-Marketplace (GeM), an online portal developed by the Central Government to ensure transparency and quality in government-related procurement, has awarded Chhattisgarh for being a top buyer of this platform.   The award was given at a national workshop of Centre and State governments in New Delhi recently.   Chhattisgarh Chief Secretary Ajay Singh received the award at the hands of Quality Council of India Chairman Adil Zainulbhai and Union Commerce Secretary Rita A Teaotia.   The award was given for making a purchase of more than Rs 15 crore through ... Read more

CHHATTISGARH PM interacts with ‘start-up’ entrepreneurs of ‘36inc’   Prime Minister Narendra Modi on Wednesday interacted with the Start-Up entrepreneurs of ‘36Inc’ located at the Raipur-based City Centre Mall via video-conferencing facility from New Delhi.   The Prime Minister while speaking to 36Inc Incubator and App-Lop Director Rahul Singhal advised him to prepare MobileApp for Chhattisgarh’s Handicrafts.   Singhal revealed that his Start-Up can make Mobile-App in minutes. The institution had already prepared six lakh Mobile-Apps and helped more than 10,000 Start-Ups till now.   He revealed that they made an App for ‘Gupchup’ seller of Gujarat and his business ... Read more

CHHATTISGARH Every sector of c’garh developed in last 14 years: cm   Chief Minister Raman Singh on Tuesday said that in last 14 years, every sector of the State has undergone development and there has been a positive change in every person’s life. In next five years, Chhattisgarh will witness four times the development made so far Besides, Rs six crore will be sanctioned for extension of drinking water pipeline in village Jaibel, Kongara, Pakhna, Khorkhosa and Chhote Amabal, Singh said. The Chief Minister later distributed goods, cheques and aabaadi patta to more than 6,000 beneficiaries under various government schemes. ... Read more

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

Non-banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds hire-purchase insurance business or chit business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction of immovable property.  The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the [Reserve Bank of India Act, 1934] (Chapter III-B) and the directions issued ... Read more

CHHATTISGARH Ethnic tourist village at chitrakote & kurdar soon   The development of Ethnic Tourist Village at Chitrakote and Kurdar  will soon start in Chhattisgarh, officials informed.   The Central Government has put up the anticipated timeline for completion of the Tribal Tourism Circuit  in Chhattisgarh to be 2019-20.   The Tribal Tourism Circuit will provide an opportunity to the tourists to witness and experience tribal culture and traditions in Chhattisgarh, officials informed.   The key components for development under the project are ‘Ethnic Tourist Village’ and ‘Ethnic Tourist Development’, Destination Development and Wayside amenities.   The project would be ... Read more

CHHATTISGARH Govt to carry out mass surveys of irrigation infra   A comprehensive and phased survey of more than 300 small irrigation projects for their full capacity utilisation will be carried out in Chhattisgarh, officials informed.   The survey would be done for 1698 small irrigation projects, 766 anicuts, stop dams and 585 diversion projects.   The survey of canals and barrages would also be carried out. An elaborate action plan would be prepared for carrying out the surveys.   Notably, the  State Water Resources Department is gearing up to inaugurate and also lay foundation of 72 irrigation projects worth ... Read more

Current Science & Technology developments in India Science and Technology hold the key to the progress and development of any nation. Technology plays a Fundamental role in wealth creation, improvement of the quality of life and real economic growth and transformation in any society. The role of Science and Technology in our daily life is altering the way people live, behave, and communicate with profound effects on economic development. Science and Technology are now the key elements to development as the scientific revolutions reinforce economic progress, infrastructure and improve health and education system Innovation is the primary key to the ... Read more