TaxTMI 
TaxTMI 
TaxTMI 
Strong Macro-Economic Fundamentals And Reforms for Sustained Growth
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....trong Macro-Economic Fundamentals And Reforms for Sustained Growth <br>News and Press Release<br>Dated:- 25-10-2017<br><BR>Download In Pdf File ============= Document 1 The India Story: Speeding Up For Take Off! Ensuring Strong Macro-Economic Fundamentals & Building Up On Them For Rapid Growth & Job Creation Improving Common Man's Life: Consistent Inflation Control 18 THEN 16 14 12 10 Average Inflation (Value) 8 6 420 NOW 1. AVERAGE INFLATION UNDER 5% FROM JAN-2014 2. JULY-16 TO JULY-17 AVERAGE INFLATION IS AROUND 2% 1.1 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Increasing Self Reliance: Current Account Deficit in safe range of less than 2% THEN -2 -4.3 -2.5 -4.8 -0.5 -1 -1.5 -3 -3.5 -4 བྷr ༷ སསྨཱ༞ ° -4.5 -5 NOW -0.7 -1.1 -1.3 -1.7 1. From FY14 CAD is less than 2% of GDP 2. FY 17 recorded lowest CAD of -0.7% of GDP since FY06 FY12 FY13 FY14 FY15 FY16 FY17 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Improved Global Trust in India: Forex reserves built up to top $ 400 billion 400 Then Now 390 380 37....
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....0 360 350 340 330 320 1. Highest Forex ($400 bn) since Independence 310 Forex at the advent of 2. Accumulation of $100 bn since Jan-14 financial crisis 300 3. Import cover of more than 1 year 290 280 270 260 250 F Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-171 May-17 Sep-17 1 Percent of GDP Ensuring Solid Fundamentals: Steady Fiscal Consolidation on course to 3% level Then Now FY12 FY13 FY14 FY15 FY16 FY17 FY18 -2.0 -2.5 -5.9 -4.9 -4.5 -4.1 -3.9 -3.5 -3.2 -3.0 -3.5 -4.0 -4.5 -5.0 -5.5 1. Constant fiscal consolidation in last four years 2. Fiscal Deficit achieved constantly 3. Still increased devolution of taxes from 32% to 42% to States -6.0 Real GDP Growth: Poised for Take-Off Then Now Future 8.5 8.0 7.5 7.0 6.5 6.0 5.5 IMF FORECAST ⚫ Real GDP growth averaged 7.5% in last 3 year .8.2% growth achieved in 2015-16. • Temporary economic slowdown bottoming out • Projected to grow much faster in times to come 5.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Note: IMF forecast is for Calendar year and CSO number for Fiscal Year. FY23 stands for 2022....
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....-23. Catalysing Growth & Investment: Transformational Reforms GST: Reducing Corruption, Furthering Formalisation & Productivity through Cooperative Federalism Reducing Corruption & Leakage Formalisation of Production & Sales Cooperative Fiscal Federalism ΟΠCheck posts abolished ⚫ Boost to Make in India • Consumption based taxation • Cascading of taxes eliminated • Steps taken to reduce compliance burden on small businesses & exporters Unlocking Public Assets to Drive Growth: Highest Ever Disinvestment Target Disinvestment in Rs. crore 72500 75000 70000 65000 60000 55000 50000 45000 40000 35000 30000 25000 45500 20000 42132 37737 15000 29368 24581 25890 22846 10000 18088 5000 0 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 RE2017-18 BE New Infra for New India: Historic Infrastructure Push Increased Public Spending: More Investment, More Jobs, More Growth • Effective & targeted Government spending a key priority of Govt. Total expenditure this year is Rs 11.47 lakhs crores (upto Sept 17), out of Rs 21.46 lakhs cr. (an increase of Rs. 1.2 lakhs cr. over last year) Capex targe....
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....t of GOI for 2017-18: Rs 3.09 lakhs cr. 31.28% higher than last year, out of which 1.46 lakhs crores spent till Sept'17 Capex target of CPSES for 2017-18 is Rs 3.85 lakhs crores. Rs 1.37 lakhs crores achieved till Sept'17 SPECIAL THRUST ON KEY DEVELOPMENT SECTORS INVOLVING CAPITAL EXPENDITURE Roads Housing Railways Power Digital Infrastructure A Historic Road Building Program: Building Roads to Progress & Prosperity Over the next 5 years: A 83,677 km of roads to built Rs.6.92 lakhs crore to be invested 14.2 cr.mandays of jobs to be generated Rapid completion 2021-22 to be ensured by NHAI, NHIDCL, MORTH and State PWDs Substantial delegation of powers recommended to enable speedy implementation of works BharatMala: Connecting India Like Never Before A 34,800 km of roads to be constructed 6 Hv Rs. 5,35,000 crores to be invested • • Economic Corridors (9000 km): To unlock full economic potential Inter Corridor and Feeder Route (6000 km): Ensuring holistic connectivity National Corridors Efficiency Improvement (5000 km): Enhancing efficiency Border Roads and International Connectivity (2000 km): Boosting Border Connectivity Coas....
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....tal Roads and Port Connectivity (2000 km): Leveraging Ports for Progress Green field Expressways (800 km): Express speeds for Express gains • Balance NHDP works (10,000 km): Boosting all round connectivity Shortest routes identified for connecting Economically Important Nodes Ludhiana - Ajmer: Preferred Route Shimla शिमला Ludhiana - Ajmer Shortest Route शिमला Ludhiana O PUNJAB Sirsa feren Salasar HIGHER Sikar सीकर CHANDIGARH Patiala 232 HARYANA AH1 Moga O Ludhiana PUNJAB Sirsa सिरसा Neemrana नीमराना DELHI New Delhi as farcoft 10 627 km Bha Jaipur जयपà¥à¤° 721 km, 9 hrs 15 mins CHANDIGARH Patiala ARYANA AHT Salasar सालासर Sikar सीकर Neemrana DELHI O New Delhi नई दिलà¥à¤²à¥€ 627 km (~100 km shorter than preferred route) 10 hr (45 min longer than preferred route) Sawai Madhopur Shortest route was identified for all Origin- Destination movement. 20% of them different from fastest....
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.... route Shortest routes identified for connecting Economically Important Nodes Mumbai - Cochin: Preferred Route Mumbai - Cochin: Shortest Route Pyne MAHARASHTRA TELANGANA Kolhapur Belagavi 24 h 1.537 km 1,537 km, 24 h Completely on GQ and NS Rajahmundryo ok jjayawada ANDHRA Anantapur PRADESH Nellore Tirupati Chennai Bengaluru Karnataka 560001 TAMIL NADU Coimbatore Tiruchirappalli Madurai Kochi, Kerala KERALA ashtra O Pune ÐœÐПÐЛапіла Mahad, Maharashtra TELAI Chiplun, Mahara Kolhapu 1,346km (200 km shorter than preferred route) Belag O Panji 29 hr (5 hr longer than preferred route) OKa 29 h 1,346 km LAKSHADWEEP Mangaluru, Karnataka 575001-575022 Kannur, Kerala 670001 Coimbatore Tiruchirapp Kochi, Kerala KERALA Shortest route was identified for all Origin- Destination movement. 20% of them different from fastest route Act East and Seamless Connectivity with neighbours . India's mercantile trade with BBN $12 Bn • Roads transport ~65% Delhi BHUTAN Rupaidiha Sonauli Panitanki Jaigaon Hatisar Raxaul Jogbani Fulbari Dawki Changrabandha Hili Mahadipur Agartala Dhaka Petrapol ....
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....Kolkata BANGLADESH Sutarkandi Silchar Moreh Kawarpuchiah • 24 Trade points identified Transit through B'desh to improve North East connectivity Linking BBIN¹ and IMT2 will make North-East hub of East Asia trade Inter - country trade to be facilitated by improving infrastructure leading to border points HARYANA Border Connectivity LEGEND: Border Connectivity MENGHALAYA TRASAPER Development of 3,300 km of roads along eastern and western borders •~1000 km proposed to be developed in Phase 1 Developing border roads will enhance national security Coastal and Ports Connectivity KARNATAKA BELANGANA LEGEND: Coastal Connectivity Port Connectivity Existing Coastal NH TOPERA کیا۔ BAY OF ~2,100 km coastal roads to boost tourism, industrial development • ~2,000 km to be built for port connectivity • Connectivity to ports, Coastal road development in conjunction with Sagarmala ~2,000 km to be developed Phase 1 Development of coastal roads will improve port connectivity and enable Port-led development and coastal tourism Bharat Mala Pariyojana Funding for BMP: Rs.2.09 lakhs cr. from market & Rs.1.06 lakhs....
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.... cr. from pvt. Investments, Rs. 2.19 Lakhs cr from CRF/ToT/Toll Balance works of 48,877 km of works under other schemes with an outlay of Rs.1.57 lakhs cr. will also be undertaken in parallel by NHAI/MORTH with 0.97 lakhs cr. from CRF and 0.59 lakhs crores from Budgetary support. Monetisation of 82 operating highways with investment potential of Rs 34,000 cr taken up, with 1st bundle of 9 NH stretches of 680.64 Km bid out with monetization value of Rs. 6258 cr. KMs National Highway Construction 9000 8000 7000 6000 5,013 5000 4,439 4000 3000 2000 1000 5,732 4,410 4.260 6.061 Expenditure on Road Construction Expenditure (Rs. Cr.) 8,231 100,000 80,000 60,000 +35% 82,091 68,992 -2% 40,000 35,186 33,546 32,471 24,288 20,000 II 0 2011 2012 2013 2014- 2015- 2016- 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 12 13 14 15 16 17 Roads To Prosperity: Big Push to Rural Connectivity • Rural roads-PMGSY: Rs. 88185 cr. to be spent by Centre and States over 3 years. 1,09,302 km of rural roads to be laid to cover 36,434 habitations. • In addition, roads worth Rs 11,725 cr. for 5411 km of upgradation and new roads in 4....
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....4 LWE districts to be completed by 2019-20. KMs 50000 47,447 45000 40000 36,337 36,449 35000 30000 30,994 24,161 25,316 25000 20000 15000 10000 5000 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 A Roof Over Every Head: 2.2 Crore Families To Get Their Own Home • Universal Affordable housing for All being implemented to give a big boost to the construction industry. •PMAY- Urban: 1.2 crore units to be built with an outlay of 1,85,069 cr. over next 3 years. • PMAY- Gramin: 1.02 crore units to be built (51 lakhs units this year) with an outlay of Rs. 126,795 cr., by Centre and States by March '19. Lighting Up Every Home: Power For All Saubhagya (Pradhan Mantri Sahaj Bijli Har Ghar Yojana) • • Universal electrification launched to ensure last mile connectivity and electricity connections to all remaining un-electrified households in the country by Mar '19 Outlay proposed Rs.16,320 crore involving Gol support of Rs.12319.50 crore सौà¤à¤¾à¤—à¥à¤¯ Pradhan Mantri Sahaj Bijli Har Ghar Yojana SAUBHAGYA Institute Access to electricity to all willing households Substitution to kerosene Impr....
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....ovement in educational services Improvement in health services Improvement in communications Improvement in public safety and info on Tech Increased job opportunities Better quality of life, especially for women, in daily chores Bringing Railways Back On Track: New Lines, Renewed Focus Railways: Capex plan outlay for 2017-18 is Rs.1,31,000 Cr. • Rs. 50,762 crore spent till 31.8.2017. 1,000 800 € 600 400 200 New Lines 400 352 360 380 953 813 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Artine Operators Connecting India INDIA SAGARMALA NETWORK MAP JAMMU KASHMIR HIMACHAL Amritsa PRADESH Ludhiana C PUNJAB UTTARAKHAND HARYANA DeDelhi RAJASTHAN ARUNACHAL ASSAM MEGHALAYA TRIPURA NAGALAND MANIPUR GUJARAT Dankuni ZORAM MADHYA PRADESH BENGAL Kolkata MAHARASHTRA Mumbai Ratnagi KARNATAKA Mangalore Findou.com Paradip Visakhapatnam TELANGANA Bengalur Che TAMIL NADO LEGEND Freight Corridors Industrail Corridors Major Sea Ports Intermediate Sea Parts Major Cities Copyright ©2015 www.mapsofindia.com (Updated on 6th Oct, 2015) UDAN- Ude Desh Ka Aam Naagrik Sagarmala Project : Port Modernization and Port ....
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.... Connectivity Connecting India Chenani-Nashri Tunnel Dhola Sadia Bridge New Brahmaputra Bridge Narmada Bridge Bullet Train Project PSU capital expenditure of 3.85 lakh crore on track. Additional expenditure of 25000 crore expected Strong economic fundamentals Big boost to public investment in infrastructure Stronger banks - catalyzing private investment Strengthening Banks for More Jobs, More Growth & Where we are, More Investment Lending in the past by PSBs Increased NPAs Increased provisioning Interventions Impact Actions taken - What is being done – Roadmap for PSBS Outcomes Strong push to MSMEs Lending by PSBS Gross Advances Amount in lakh crore Rs. 2014: Stressed assets grow to 11.9% Threefold increase in 6 yrs (34 lakh cr.) Mar-08 18.16 YoY growth 14% -25% 52.15 Mar-14 Mar-17 58.65 2014-17: Growth sustained 9.0 8.0 7.0 6.0 5.0 FY12 Actual Growth CSO IMF Forecast FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Increased NPA Proper Diagnosis for Proactive Resolution: Restructured Assets Recognised as NPA Realistic Recognition of NPA AQR Stressed Assets 4.5% 7.8% 7.2% Mar-14 ■NPA ....
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.... 2.9% Mar-15 Mar-16 Jun-17 Restructured Standard Assets Mar-14 Jun-17 36% NPA 82% NPA Unearthed old NPAs 4,55,000 increase 2,78,000 7,33,000 Mar 2015 Jun 2017 Rs. 1.75 lakh cr. in just 12 cases referred to NCLT (25% of NPA) Post AQR transparency brought in Provisioning impact Increased Provisioning to Cover Expected Losses 1,47,904 1,86,667 92% higher than preceding 10 years (1.82 lakh cr.) 1,96,937 3,79,080 Preceding 4 years Preceding 8 years Preceding 10 years 2014-15 to 2017-18 Action Taken Actions Taken - Capital Infusion Capital Infusion Rs. 62,734 cr. in 6 yrs 20,117 1,900 1,200 12,517 12,000 15,000 Rs. 58,848 cr. in 3 yrs 25,000 6,990 24,997 Indradhanush Banks Basel III compliant despite high provisioning 1,861 Other Measures Enacted IBC SARFAESI Act & DRT law made more effective SBI consolidation MoUs with 11 PSBS for turnaround FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 Take-Off Time Take-Off Strong economic fundamentals Push to public investment in infrastructure Stronger banks - catalyzing private investment Asset quality reviewed NPA duly recognised Provisioning done Basel I....
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....II compliant Capital Conservation Buffer built Therefore take-off time for next big step New India Unprecedented PSB Capitalisation for More Jobs, Growth & Investment Rs. 2 lakh 11 thousand crores Rs. People-oriented utter New India - PSBS Catalysing Private Investments RECAP BONDS Front-loaded Rs. 1,35,000 cr. BUDGETARY SUPPORT & Rs. 76,000 cr. MARKET-RAISING tock shut Bigger, stronger PSBs Differential Approach Focus on HR issues Globally competitive banks Adequate credit for the deserving Faster MSME growth Employment generation People-oriented Direct Benefit to MSME and Employment Enhanced Financing Access Compulsory TReDS registration for major PSUs in 90 days Revamped udyamimitra.in - Banks compete to finance mutterstock prescot 100 bank-approved project templates Sector-specific Mudra financing products shutterstock paul prescott shutterstock akt shuttersto shutterstick Direct Benefit to MSME and Employment Enhanced Market Access MSME registration drive on •GeM portal ⚫ eCommerce platforms utterstock Dmitry Kalinovsky Dmitry Kanovsky Special campaign in 50 high-employment clusters of MSME shut shutters....
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....tock Big Push to muda STAND UP India Endeavour and Prosper shutterstoc Thank You<BR> News - Press release - PIB....