Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Over 2.63L appear in NEET-PG; re-test announced for candidates at 2 Jaipur centres
    Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha polls
    India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies
    Judiciary proactively responded to emerging fraudulent schemes like digital arrest: CJI
    After HC rap, FDA withdraws licence cancellation and suspension orders against Cipla, MCA eateries
    HC slams FDA for ‘pedantic’ view, clears reopening of 5 eateries at MCA premises
    Commerce Secretary Shri Rajesh Agrawal Leads 4th India–Argentina JTC Meeting; Both Sides Reaffirm Commitment to Deepen Strategic and Economic Partne...
    MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services
    DRI seizes 76 kg methamphetamine tablets in two operations along North-Eastern frontier
    Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
    CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
    Good corporate governance central to India's development: Jitendra Singh
    DHFL case: ED freezes bank deposits worth Rs 51.75 crore
    Comprehensive set of reforms undertaken to simplify defence export SOP: MoD
    Jio Platforms gets Sebi nod for $3.8-bn IPO, set to be India's biggest
    Gold declines for 3rd day, prices tumble Rs 3,300 as US dollar gains strength
    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
    Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
    Jio Platforms gets Sebi nod to launch IPO
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 30, 2026
Show AI Summary
Examination continuity and candidate fairness require re-examination where power failures prevent completion, alongside review of infrastructure accountability.
NEET-PG 2026 examination continuity was disrupted for candidates at two Jaipur centres because of internal power-supply failures attributable to the technological partner and examination-conducting agency. A re-examination has been scheduled for the affected candidates, with the venue and revised admit cards to be communicated separately. Action against the entities responsible for ensuring adequate examination infrastructure is under consideration.
August 30, 2026
Show AI Summary
Women's monthly assistance eligibility restricts benefits to qualifying households and channels payments through deposits or restricted digital wallets.
Delhi Lakshmi Yojana provides monthly financial assistance to eligible women through recurring deposits and restricted Central Bank Digital Currency wallets. Recurring deposits are locked until July 31, 2029, subject to possible review of the maturity period after two years from launch. Eligibility requires a qualifying woman to be the eldest female family member, meet income, residence and voter-registration requirements, and satisfy household restrictions. Income-tax payers, GST filers, government employees, higher-electricity-consuming households and four-wheeler-owning households are excluded.
August 30, 2026
Show AI Summary
Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.
August 30, 2026
Show AI Summary
Digital arrest fraud: judicial responses seek a distinct offence while preserving due process and proportionality in economic-crime enforcement.
Suo motu consideration of digital-arrest fraud reflects a proactive judicial response to video-call scams involving impersonation of police, judicial officials or bureaucrats. The Union and the States have been directed to assess the problem, with a call for a distinct offence carrying proportionate penalties. Economic-crime enforcement remains subject to safeguards requiring written grounds of arrest and preventing pre-trial detention from becoming punishment. Due process, proportionality and the presumption of innocence remain central constraints.
August 29, 2026
Show AI Summary
Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
Show AI Summary
Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
Show AI Summary
Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
Show AI Summary
Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
Show AI Summary
Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
Show AI Summary
IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
Show AI Summary
Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
Show AI Summary
Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
Show AI Summary
Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
Show AI Summary
Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
Show AI Summary
Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
Show AI Summary
IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
Show AI Summary
Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
Show AI Summary
Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
Show AI Summary
Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
Show AI Summary
IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
News and Press Release

The Fifteenth Finance Commission holds meeting with the Government of Rajasthan

September 9, 2019

Contents
Summary
Note

Note

-

Bookmark

Print

Print

The 15th Finance Commission headed by Chairman, Shri N.K. Singh alongwith its Members and senior officials met today with the Shri Ashok Gehlot, Chief Minister, Shri Sachin Pilot, Deputy Chief Minister, Rajasthan alongwith his Cabinet colleagues and senior State Government officials.

The Commission observed that:

  1. Rajasthan is the largest state in terms of area. It constitutes 10.45% of total state’s area of the country.
  2. The State has 5.76% of the total population of the country with an urbanisation rate of 24.9%.
  3. Population density of Rajasthan is 200, which is way below the national average compared to the national average of 382.
  4. Though comprising of 5.76% of total population of the country, the state’s share in inter-se devolution in XIV-FC was 5.495.
  5. The contribution of primary sector to GSVA is high as compared to other General Category States. Share of Primary, Secondary and Tertiary sector in GSVA is 33, 23 and 44% in 2017-18.
  6. Per capita Income of ₹ 98,078 in 2017-18 is below India’s average of ₹ 1,14,958.
  7. In 2017-18, transfers from the Centre constituted around 48.6% of the total revenue receipts of the state.
  8. Rajasthan also has the third highest solar capacity of 3072.43 MW (till March 2019).
  9. Rajasthan State Industrial Development & Investment Corporation Ltd. (RIICO) and Japan External Trade Organization (JETRO) have collaborated for facilitating Japanese investment in the State of Rajasthan during the period 2006-2016.
  10. Rajasthan is the second largest crude oil producing state in India after Bombay High offshore field being operated by ONGC.
  11. Tourism Potential in Rajasthan:

The state offers vast and unexploited potential for domestic tourists who, along with the foreign tourists, could contribute towards pushing the economic growth further, while providing employment opportunities.

  • According to the Tourism Statistics at a Glance 2018, State ranks 5th amongst all Indian States in attracting foreign tourists visits in the country in 2017. 6 percent of all Foreign Tourist visits were attracted by the State of Rajasthan in 2017.
  • State ranks 10th amongst all Indian States in attracting domestic tourists visits in the country in 2017. 2.8 percent of all Domestic Tourist Visits were attracted by the State of Rajasthan in 2017.

Positive Points:

  1. Poverty: The State has made significant development in reducing the poverty, thereby showing its commitment towards SDG 1. The state has a poverty ratio of 14.7 in 2011-12 declining from 34.4 in 2004-05 (Population below Poverty Line Tendulkar Methodology).
  2. Education: According to ASER 2018 Report, (section on sports infrastructure in schools) Among the top states, almost half the schools in Rajasthan were seen to have dedicated physical education teacher, followed by Kerala, Bihar and Karnataka.
  3. In primary schools, student attendance improved by 3 percentage points or more over 2016 levels.
  4. Forest Cover: According to Forest Survey of India, the state has shown 2.48% increase in the forest cover in 2017 from 2015. This shows states commitment towards maintaining of ecological cover in the state.
  5. .The state is taking ample steps to address the issues of low literacy and education levels like -
  • Appointment of 2 lakh new teachers
  • Development of model schools in each Panchayat,
  • ‘Panchayat Elementary Education Officer’ (PEEO) has been setup at Gram Panchayat level in charge of literacy for operation, monitoring and review of schemes,
  • Free bicycle distribution to girls, smart virtual classes etc.
  1. There has been substantial progress in development of Integrated Financial Management System (IFMS) in State:
  • Budgeting is being done through Budget Module and Accounting through Treasury Module.
  • CAG/AG interface module and Online Reconciliation Module are under implementation process.
  • Integration of Local Bodies Accounting into IFMS to facilitate monitoring of utilization of funds by local bodies which is currently the weakest link in accounting of the State.
  1. Balanced Memorandum: The memorandum submitted by the State has given a balanced picture of both equity and efficiency indicators. The State has proposed various indicators for performance based indicators linked to The National Priority Programme like states effort in widening and deepening of GST Net, Efforts towards achievement of flagship schemes, sustainable development goals etc.

The issues of concern of the Finance Commission are:

  1. The state is exhibiting a rising trend in its Outstanding Debt to GSDP no’s. The Debt to GSDP ratio has increased from 23.87% in 2012-13 to 34.15% in 2017-18.
  2. UDAY: GoR had taken over 75 % of total debt amounting to  ₹ 62,422 crore during the period 2015-16 and 2016-17
  3. Double Digit Debt growth rate of government of Rajasthan for the past years violating the norms of fiscal prudence.

Rising gap between Revenue Receipts and Revenue Expenditure of the State-

  1. The state is experiencing an unsustainable trajectory in growth of revenue receipts and expenditure pattern where there is huge divergence observed in the revenue receipts growth and expenditure growth.

In the Power Sector, specifically on UDAY:

  1. The State has achieved 100 % progress in Feeder Metering, Rural feeder audit and reducing the ACS-ARR gap per unit.  GoR appears to have done all financial restructuring (loan, subsidy, equity) as per UDAY Scheme. However, the operational reforms and efficiency reforms are behind targets.

State has not initiated metering of DTs in rural areas, poor performance is noted in feeder segregation.

  1. The State has not achieved target of reduction of AT&C loss to 15 % by 2018-19.
  2. Out of 92.21 lakh total household as on July 2018, 71.82 lakh households (77%) have been electrified. Remaining 20.38 lakh (22.10) still remained un-electrified.
  3. There is a need for Improvement in power supplies and services with provision of 24 hours uninterrupted proper power supply to the rural domestic individual consumers
  4. Reducing the T&D loss and the Distribution Transformers (DT) failure rate should be a priority for the state Government.
  5. Wrong classification of consumers and Non-billing/delayed billing of consumer should be curtailed.

The Commission has noted that:

  1. Though the Database formats of Third Tier bodies have been linked to the Model Accounting System and through this few reports/data such as annual receipts and payments, monthly reconciliations, consolidated abstracts register are being generated. However only few PRI’s do monthly reconciliations.
  2. Following the 73rd Constitutional Amendment, orders on devolution were issued by the State Government in June 2003 and October 2010. Accordingly, out of 29 functions to be devolved in terms of XI Schedule of the Constitution, 23 functions were transferred. However, funds and functionaries were transferred in respect of 15 subjects only.
  3. Dependency on grants and lack of fiscal autonomy is a matter of serious concern that needs to be addressed for improving governance at grass-root level.

Aspirational Districts

Special focus has to be made for improving the socio-economic development indicators of aspirational districts of Baran, Dhaulpur, Jaisalmer, Karauli and Sirohi.

Key Social Indicators- Rajasthan:

  1. With an HDI Score of 0.577, Rajasthan is ranked 11th and is below the All-India score of 0.609. This indicates that efforts made towards improving social indicators have not been fruitful and there is an urgent need for course correction.
  2. The states performance in key social indicators is adverse as compared to the National Average for key social indicators.

SDG INDEX – NITI AAYOG- 14th Rank

  1. The state has a SDG Index value of 59, slightly higher the national average value of 57. The State ranks 14th amongst the Indian States.
  2. State is a front runner in SDG-4- Quality Education, SDG-10-Reduced Inequality, SDG-15- Life on Land, SDG-16- Peace, Justice and Strong Institutions. However, the state needs to improve on SDG-2 Zero Hunger, SGD -3 Good Health and Well Being SDG 5 Gender Equality SDG-6 Clean Water and Sanitation and SDG-11 sustainable cities and communities.

Inadequate Technical Skilled Population

  1. According to Niti Aayog, Lack of technically qualified personnel in the state has been a concern.
  2. The expected availability of skilled personnel is around 2.17 lakh less than half of the expected requirement in the state.
  3. In case of Semi-skilled personnel, where the expected requirement is 30.91 lakh and the expected availability is around 10.91 lakh individuals.

Low Water Endowment and Severe Problem of Drinking Water-

  1. The state comprises of only 1.1 percent surface water and 2. 5 percent of ground water resources. The per capita water availability in India is 1700 cubic meter per year, whereas, in Rajasthan, the availability is only 640 cubic meter per year.
  2. The ground water condition in the State has become quite alarming due to overexploitation in the last two decades. Out of total 295 blocks in the State, only 52 blocks are safe, 191 over exploited, 11 critical, semi critical and 3 are saline.
  3. 34 Blocks have been identified by Central Ground Water Board as highly critical.

Inadequate Transport Infrastructure

  1. Rajasthan still lags behind the national average with respect to road length.
  2. The road density in Rajasthan is 74.3 km per 100 sq. km as against the national average of 143.1 km in the year 2016-17.
  3. The total length of roads in the State is about 1,89,825 km in the year 2017-18. The length of national highways in the State is about 9,271 km while state highways extend to about 15,032 km.

7th Pay Commission

  1. The state is reeling under the burden of 7th Pay Commission, there has been a substantial impact on salary and pension expenditure due to implementation of 7th Pay Commission with effect from 1st January 2016 and a large-scale creation of posts during the last 2 years.
  2. The annual additional liability is around ₹ 10400 crore on account of salary and pension (Salary: ₹ 7124 crore: Pension: ₹ 3276 crore)
  3. According to AG, Rajasthan Effect of 7th CPC in state will be felt in 2018-19 as arrears will have to be paid.

Transport Sector: There is a need for revamping and restructuring for transport sector.

  1. Transport Sector RSTRC remained in losses consistently in the past few years due to negative net earnings per km because of higher cost of operation per km as compare to revenue earned per km.
  2. Metro Project need to be commercially viable as currently phase 1 of the metro is making huge losses due to factors like wrong selection of routes and lack of technical expertise in involved in its operation and logistics.

Earlier the Commission had a detailed meeting with the representatives of all the political parties in the State including Bhartiya Janta Party, Indian National Congress, Communist Party of India, Communist Party of India (Marxist) and Nationalist Congress Party.  All the issues raised by the parties were noted by the Commission for addressing at the time of framing its recommendations.

********

MC

Topics

Acts Income Tax