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    Competition Commission of India
    Dr. Kshatrapati Shivaji, IAS(MH:86) Appointed as Chairman and Managing Director, Small Industries Development Bank of India(SIDBI) on Deputation Basis...
    Economic Survey 2014-15 - Volume II
    Economic Survey 2014-15 - Volume I
    Foodgrains production for 2014-15 estimated at 257.07 million tonnes; will exceed average food grain production of last five years by 8.5 million tone...
    From Carbon Subsidy to Carbon Tax: India’s Green Actions
    Food Subsidy Bill stands at ₹ 107823.75 crore during 2014-15 (upto January, 2015), shows an increase of 20% over previous year
    Create National Common Market in Agricultural Commodities: Economic Survey 2014-15
    Revive public investment to improve investment climate: Economic Survey 2014 – 15
    Improvement in Female Literacy and Educational Challenges
    Wiping Every Tear from Every Eye: The Jan Dhan Yojana, Aadhaar and Mobile Numbers Provide the Solution
    Government Remains Committed to Fiscal Consolidation; Economic Survey says Enhanced Revenue Generation is a Priority
    Infrastructure Growth in terms of Eight Core Industries Higher than Industrial Growth since 2011-12
    India’s National Solar Mission Being Scaled up Five-Fold to 100,000 Megawatts
    India needs to create additional Fiscal Space: Economic Survey 2014 – 15
    Skill Development and Employment are major Challenges: Economic Survey
    The Fourteenth Finance Commission (FFC) will enhance Fiscal Federalism in India: Economic Survey 2014-15
    Government approves a ₹ 200 crore Central Sector Scheme for implementing e-platform for agri-marketing
    Government Remains Committed to Fiscal Consolidation; Economic Survey says Enhanced Revenue Generation is a Priority
    Economic Survey highlights the need for balance between ‘Make in India’ and ‘Skilling India’
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    February 27, 2015
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    Competition enforcement: regulator reports penalties on firms and outlines recovery, stayed and dismissed statuses.
    The Competition Commission enforces the Competition Act, 2002 by referring prima facie violations to the Director General for investigation and then issuing final orders or closing matters. Its principal remedial tool is monetary penalties, with an annexed company wise ledger detailing penalties imposed, amounts realised, amounts stayed pending appeal, dismissed sums and outstanding recoveries. Year wise intake and disposal figures are reported, and the Annexure lists sectoral cases and enforcement statuses to support follow up recovery actions.
    February 27, 2015
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    Deputation appointment of Dr. Kshatrapati Shivaji as Chairman and Managing Director of SIDBI on deputation.
    Appointment places Dr. Kshatrapati Shivaji, then Principal Secretary (Expenditure), on deputation to assume the role of Chairman and Managing Director of the Small Industries Development Bank, with the deputation limited to a fixed term commencing on the date he takes charge and defining the temporal scope for holding that corporate office.
    February 27, 2015
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    Indian macro recovery driven by revised national accounts, fiscal consolidation measures, GST proposal, and strengthened external and monetary management.
    Revision to the 2011-12 national accounts base raises measured growth and alters sectoral GVA shares, reinforcing a narrative of macroeconomic recovery in 2014-15 driven chiefly by domestic demand and services. The Survey emphasises a policy package centred on fiscal consolidation-revenue mobilisation, subsidy rationalisation, diesel deregulation, direct benefit transfers, disinvestment and a proposed dual GST-to stabilise public finances. Complementary monetary easing, liquidity reforms, and a stronger external position are presented as supporting conditions for investment recovery, while targeted social and infrastructure measures aim to sustain inclusive growth.
    February 27, 2015
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    Economic Survey outlines fiscal, GST and ordinance-driven reforms plus Aadhaar-linked direct transfers to rationalise subsidies.
    The Economic Survey 2014-15 summarises macroeconomic recovery and sets out central legal and policy measures: promulgated ordinances (coal, land, insurance), the pending constitutional amendment for a single Goods and Services Tax, fiscal adjustments aligned with the Fourteenth Finance Commission, expansion of Direct Benefit Transfer using the JAM trinity (Jan Dhan-Aadhaar-Mobile), and recommended reforms to banking regulation, insolvency frameworks, and public investment governance to unlock investment and improve targeting of subsidies.
    February 27, 2015
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    Foodgrains production estimated at 257.07 million tonnes; survey urges focusing on yield and productivity to secure food supply.
    Foodgrains production for 2014-15 is estimated at 257.07 million tonnes, exceeding the five-year average by 8.15 million tonnes but falling 8.5 million tonnes short of the previous year due to reduced output of rice, coarse cereals and pulses amid erratic monsoon rainfall. Overall productivity of foodgrains declined marginally while several crops, notably groundnut, tur and cotton, recorded sharp yield increases. The Economic Survey stresses that improving yield and productivity is the primary strategy to bolster agricultural resilience and secure availability and affordable access to food.
    February 27, 2015
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    Carbon taxation shift: India moved from fossil fuel subsidies to higher fuel and coal taxation, signaling emissions pricing.
    India shifted from a carbon subsidy regime to explicit carbon taxation by raising taxes on petroleum products, producing a price signal that reduced fuel consumption and an estimated net reduction of about 11 million tonnes of CO2 in under a year. The Economic Survey records an increase in the coal cess (from Rs. 50 to Rs. 100 per ton), treated as an equivalent carbon tax to internalize coal-related domestic externalities, while warning that coal pricing reform must account for impacts on power prices and energy access for the poorest.
    February 27, 2015
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    Food subsidy spike strains public finances; calls for rationalisation and better beneficiary targeting to fund agricultural investment.
    The Food Subsidy rose to Rs. 107,823.75 crore for 2014-15 (upto January 9, 2015), a 20.15% increase over 2013-14, straining public finances. While subsidised foodgrains and price stability remain policy objectives, rising economic costs of wheat and rice with unchanged issue prices since July 1, 2002 have generated large subsidies under TPDS/NFSA. The document advocates subsidy rationalisation and improved beneficiary targeting to release resources for agricultural investment including research, irrigation, testing, warehousing and cold storage.
    February 27, 2015
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    National common agricultural market to remove APMC monopolies and enable alternative private marketing and investment.
    Need for a national common market is driven by distortions from state APMC regimes that mandate first sale through licensed commission agents, impose non transparent market fees and commissions treated as taxes, and enable cartelisation; the Economic Survey proposes delisting fruits and vegetables and other commodities from APMC schedules, promoting private or special markets, liberalising foreign investment in retail for infrastructure, and invoking Union trade powers as a constitutional backstop, while noting Model APMC Act reforms (and Karnataka's measures) increase intra state competition but do not eliminate APMC fee obligations for out of yard sales.
    February 27, 2015
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    Revival of public investment urged to restart infrastructure growth and crowd in private investment by strengthening institutions.
    Recommend short-term revival of public investment to complement and crowd in private investment as an engine for infrastructure growth, paired with institutional reforms: strengthening bankruptcy-related institutions to provide exit options and reduce over-indebtedness (including a contemplated Independent Renegotiation Committee), and reorientation and restructuring of the PPP model to improve viability; identifies credit constraints for private-sector stalls and regulatory-clearance delays for public-sector stalls, noting resultant balance-sheet pressures that limit future private investment.
    February 27, 2015
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    Right to Education emphasis: policy measures aim to close gender gaps and strengthen foundational skills for employment.
    Marked improvement in female literacy coexists with persistent gender gaps and quality shortfalls. Key interventions include Right of Children to Free and Compulsory Education implemented under Sarva Shiksha Abhiyan, Beti Bachao Beti Padhao to change social attitudes, and Padhe Bharat Badhe Bharat to build foundational reading, writing and numeracy; additional measures expand secondary and adult education and introduce four year integrated teacher programmes to align education supply with labour market needs.
    February 27, 2015
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    Targeted cash transfers via JAM enable more precise subsidy delivery and reduce leakages through digital and postal channels.
    The memorandum argues that many price subsidies are regressive and leak-prone, and recommends converting subsidies into Direct Benefit Transfers using the JAM Number Trinity-Jan Dhan accounts, Aadhaar and mobile numbers-to improve targeting and reduce leakage through delivery channels such as mobile money and Aadhaar-linked post office accounts.
    February 27, 2015
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    Fiscal consolidation prioritized: enhanced revenue generation through GST implementation, tax reforms and subsidy overhaul to meet deficit targets.
    The Government prioritises fiscal consolidation through enhanced revenue generation and, if necessary, selective expenditure compression to meet deficit targets. Key measures include implementing a well designed Goods and Services Tax, broader tax reforms and modernization of tax administration, rationalizing tax provisions, overhauling the subsidy regime via reduced fuel and fertilizer subsidies and Aadhaar based cash transfers for food subsidy, and instituting a medium term fiscal framework with explicit revenue, expenditure and deficit targets.
    February 27, 2015
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    Infrastructure-led recovery driven by policy reforms and liberalised FDI enabling growth in core industrial sectors
    Industrial recovery in 2014-15 was led by infrastructure-related core sectors while manufacturing and several resource-based industries underperformed. The Government pursued regulatory and policy reforms-including ease of doing business measures, Ordinances on land acquisition, transparent auctioning of coal and minerals, liberalised FDI norms, and sectoral reforms in power and transport-to unlock constrained resources, boost investment and address infrastructure bottlenecks supporting industrial growth.
    February 27, 2015
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    National Solar Mission scaling to greatly expand renewable capacity, spurring investment, industry growth and climate-resilient energy planning.
    India is dramatically scaling up the National Solar Mission to expand renewable capacity as a central policy instrument to attract investment, scale technologies and prevent carbon lock-in, supported by fiscal measures including a doubled clean energy cess funding the National Clean Energy Fund and a National Adaptation Fund; institutional steps are being taken to mobilize climate finance and to secure an equitable global climate agreement that preserves developing countries' carbon and development space.
    February 27, 2015
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    Fiscal space strategy: prioritize deficit reduction and expenditure switching so borrowing finances investment, preserving fiscal credibility.
    Create additional fiscal space via a medium term fiscal strategy built on deficit reduction and expenditure control. Deficit reduction prioritizes achieving the established fiscal deficit target and eliminating the revenue deficit so borrowing over the cycle finances only capital formation. Expenditure control requires firm spending discipline, improved quality of public expenditure, and switching resources from consumption subsidies toward public investment to support growth while preserving fiscal credibility.
    February 27, 2015
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    Skill Development policy focus strengthens institutional capacity and targeted schemes to address workforce skill gaps and employment composition challenges.
    Low workforce skill levels, limited vocational provision, and poor employer-readiness drive a policy focus on expanded skill formation, use of a National Skill Qualification Framework, and targeted schemes; institutional measures include a dedicated Department of Skill Development and Entrepreneurship. Structural employment concerns-declining primary-sector share, dominant low-income self-employment, slowing employment growth, and weak rural and female employment-underscore regulatory priorities to promote manufacturing, MSME growth, and participatory labour-budget planning under rural employment schemes.
    February 27, 2015
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    Fiscal federalism strengthened by Finance Commission recommendations increasing state autonomy while reducing other central transfers.
    Fourteenth Finance Commission recommendations strengthen fiscal federalism by reallocating resources to increase states' spending capacity and autonomy, provide progressive per capita transfers favoring lower per capita NSDP states, and entail reductions in other Central assistance to preserve the Centre's fiscal space.
    February 27, 2015
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    Single market designation and e platform rollout to remove intra state trade restrictions and enable statewide licensing portability.
    The document directs states to remove movement restrictions and declare each state a single market with one licence valid statewide, and describes central sector funding from an Agri Tech Infrastructure Fund to implement a common electronic trading platform to create a national agricultural market, support exemptions from APMC regulation for certain produce, and promote direct market access for Farmer Producer Organizations to reduce intermediation.
    February 27, 2015
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    Fiscal consolidation remains priority; enhanced revenue generation and tax reforms urged to meet deficit targets through subsidy rationalization.
    The Government reiterates commitment to fiscal consolidation and warns that if revenues do not improve, targeted expenditure compression may be necessary to meet the budgeted deficit target. Enhanced revenue generation is prioritised through tax-to-GDP improvements, tax rationalisation, modernisation of tax administration, disinvestment, and implementation of a well-designed Goods and Services Tax, while subsidy rationalisation and Aadhaar based direct transfers for food subsidy are proposed to facilitate expenditure restructuring.
    February 27, 2015
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    Make in India-Skilling India balance: expand registered manufacturing and invest in workforce skills for inclusive growth.
    The Survey reframes the choice between manufacturing and services as one of labour intensity and skills, stressing expansion of registered manufacturing to leverage abundant unskilled labour while pursuing a comprehensive skilling agenda. It identifies distortions in labour, capital and land markets and misaligned specialization as constraints, and notes that skill-intensive service subsectors, though productive, are unlikely to generate widely shared growth without complementary skill development.

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