“Assisted Reproductive Technology Bill”: To regulate infertility clinics

Assisted Reproductive Technology Bill which is aimed at regulating the functioning infertility clinics in the country is awaiting approval of the Union Cabinet and Parliament.

The Bill seeks to allow surrogate parenthood, which was not yet permitted in many Western countries. Around 15 % of the couples in the world were childless and the problem was similar in the country but underestimated.

RBI cut CRR: 4.25%

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent.

Why this step?

§  The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. 17,500 crore into the banking system.

§  By doing this RBI intends to preempt a prospective tightening of liquidity conditions, thereby keeping liquidity comfortable and supportive of growth.

New modifications in Land Acquisition Bill draft

The government has brought some fresh changes in the draft Land Acquisition Bill . As per new changes, the level of consent of landowners for acquiring land for private purpose has been made stiffer. 
Following these changes, the percentage of land owners, whose consent is a must for acquiring land for private purpose will be 80 % instead of earlier approved 67 %. Consent of land owners was not required for acquiring land for public purpose

For know more about Land Acquisition Bill click here

RBI issued new guidelines for rehabilitation of sick MSEs

Revising definition of sickness in micro and small enterprises (MSEs), the Reserve Bank asked banks for timely and adequate assistance to them as soon as the signs of sickness are detected.

[Article]Is Indian Economy Turning Around?

For a few months now, the Indian economy appears to be on a recovery path. At least there are enough indications to that. Foremost is the performance of various sectors of the economy.

Industrial output has been gathering some pace since August. It rose by 2.7 % in August this year compared to a fall of 0.2 % in July. But the hike has been less if we compare it with August last year when it stood at 3.4%. The manufacturing sector grew 2.9% in August but again less than 3.9 % growth it recorded in the same month last year. The mining sector recorded an increase by 2.9% in August when it actually declined by 5.5 % in the same month last year. The growth recorded by the manufacturing sector is significant since it accounts for about 76 % of the index of industrial production.

Janani Shishu Suraksha Karyakram

Reducing the maternal and infant mortality rate is the key goal feature of the Reproductive and Child Health Programme under the National Rural Health Mission. Several initiatives have been launched by the Ministry of Health & Family Welfare under the Mission including Janani Suraksha Yojana, a key intervention that has resulted in phenomenal growth in institutional deliveries with more than one crore women beneficiaries annually. JSY was launched to promote institutional deliveries so that skilled attendance at birth is made available and mothers and new born babies can be saved from pregnancy related complications and deaths.

Gujarat tops in private sector investments across India

As per an analysis titled ‘Composition of Outstanding Investments Across States,’ carried out by Assocham, Gujarat has the biggest share of 12.5% in total outstanding private sector investments ((including both domestic and foreign private sectors) across India as of June 2012. As per the analysis top 4 states are:

• Gujarat (12.5%)
• Odisha (10.7%)
• Maharashtra (8.9%)
• Andhra Pradesh (8%)

Trade b/w India, China expected to touch $100 bn by 2015

India is expected to achieve the $100-billion bilateral trade target set with China by 2015. The bilateral trade b/w the two nations was recorded at $75.45 billion in 2011-12. While India’s exports were at $17.90 billion, imports stood at $57.55 billion brought India a trade deficit of $39.65 billion and favored China.

PM constitutes National Committee on Direct Cash Transfers

The Prime Minister has constituted a coordination committee called the National Committee on Direct Cash Transfers, as a mechanism to coordinate action for the introduction of direct cash transfers to individuals under the various government schemes and programmes.

Backward Regions Grant Fund (BRGF)

The Cabinet Committee on Economic Affairs today approved the proposal for :-

(i) continuing the Special Plan for Bihar in 2012-13 with an allocation of Rs.1500 crore, based on the enhanced level of cost of Rs.9985.54 crore of all existing projects, revised cost of existing projects, and the cost of new projects, if any, that may be approved by the Empowered Committee, 

National Electronic Policy , 2012

The Union Cabinet today approved the National Policy on Electronics 2012. The draft National Policy on Electronics was released for public consultation and it has now been finalized based on comments from various stakeholders. 

13TH Finance Commission

The Finance Commission is constituted by the President under Article 280 of the Constitution. Its main work is to give recommendations on distribution of central tax revenues between the Union and the States.

Vaidyanathan committee report

 Agriculture plays a very pivotal role in the Indian economy providing employment to half of the population and contributing one-fifth to the GDP. The volatility in this sector has been one of the prime concern of the policy makers. To arrest this volatility and raise the livelihood security of the nation various commissions had been set up in the past. For instance, National Commission On Farmers. Recently the government has set up an expert committee under eminent economist Prof. A Vaidyanathan to look into the issues of raising crop yield through better estimation. The recommendations of the committee are given below.

New Telecom Policy

Department of Telecommunications (DOT), Government of India jointly with Federation of Indian Chambers of Commerce and Industry (FICCI) is organizing INDIA TELECOM 2010-An International Conference & Exhibition at New Delhi. The theme of the event is 'Broadband for all'. India Telecom 2010 is the fifth consecutive year of the leading international conference and exhibition. Since 2006, India Telecom has been the forum for promoting enterprise, learning and inspiring innovation in telecom sector.
India Telecom 2010 will maintain its focus on cutting-edge technologies and their commercial implications, as well as on feature fast-growing technological sectors. 

National Mission on Food Processing

The continuing food inflation in the country has brought in sharp focus “supply side” constraints, especially in case of perishables. There is thus an increasing realization about the need to increase agricultural production in the country and a strategy to usher in second green revolution is under preparation. At the same time, it needs to be understood that it will not be enough only to produce more, but it is equally important to save each grain produced by reducing wastages. This would improve farmers’ income and economic viability of agricultural operations.

National policy for Farmers

The National Policy for farmers has defined the term “FARMER” as a person actively engaged in the economic and/or livelihood activity of growing crops and producing other primary agricultural commodities. It also includes all agricultural operational holders, cultivators, agricultural labourers, sharecroppers, tenants, poultry and livestock rearers, fish-growers, beekeepers, gardeners, pastoralists, non-corporate planters and planting labourers, as well as persons engaged in various farming related occupations such as sericulture, vermiculture, and agro-forestry. Apart from this, the term also includes tribal families/persons engaged in shifting cultivation and in the collection, use and sale of minor and non-timber forest produce.

National Mission for Sustainable Agriculture

Agriculture plays a crucial role in ensuring food security while also accounting for a significant share of India’s Gross Domestic Product (GDP). It engages almost two-thirds of the workforce in gainful employment. Several industries such as sugar, textiles, jute, food and milk processing etc. depend on agricultural production for their requirement of raw materials.

NATIONAL WATER POLICY 2012

Water is a natural resource, fundamental to life, livelihood, food security and sustainable development. It is also a scarce resource. India has more than 17 percent of the world’s population, but has only 4% of world’s renewable water resources with 2.6% of world’s land area. There are further limits on utilizable quantities of water owing to uneven distribution over time and space. Precipitation is confined to only about three or four months in a year and varies from 100 mm in the western parts of Rajasthan to over 10000 mm at Cherrapunji in Meghalaya. Rivers and underground aquifers often cut across state boundaries.  Water, as a resource is one and indivisible: rainfall, river waters, surface ponds and lakes and ground water are all part of one system.

Maritime Agenda 2020

India is growing with great speed and would be leading economies globally soon. According to Goldman Sachs economists, India would be one of the BRIC economies (Brazil, Russia, India and China) that could become a much larger force globally in coming future. Maritime industry is a backbone of the country's EXIM trade. Therefore, it would not be wrong if said that development of shipping and ports industries contribute to the growth of the nation.

Gadgil formula

The Gadgil formula was formulated with the formulation of the fourth five year plan for the distribution of plan transfers amongst the states. It was named after the then deputy chairman of the Planning Commission Dr. D R Gadgil. The central assistance provided for in the first three plans and annual plans of 1966-1969 lacked objectivity in its formulation and did not lead to equal and balanced growth in the states.

Gadgil formula  was evolved in 1969 for determining the allocation of central assistance for state plans in India. Gadgil formula was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans The National Development  Council  (NDC) approved the following formula:

NIB under Finance Ministry opposed

The war over the creation of a National Investment Board (NIB), meant for one-stop clearance to all the infrastructure projects above Rs.1,000 crore, continues to simmer with the Power Ministry now opposing putting the NIB under the Finance Ministry.

In a note sent in response to the creation of the NIB, the Power Ministry has asserted that it wants the NIB to be placed under the Prime Ministers Office (PMO) and not under the Department of Finance Affairs of the Finance Ministry as originally proposed. In addition, it has said NIB should not be confined to sanctioning and monitoring projects but should also ensure them various clearances.

NATIONALRURAL LIVELIHOOD MISSION

The National Rural Livelihood Mission (NRLM) was established in June 2010 by the Government of India, to be implemented in all States of the country, to establish efficient and sustainable institutions of the rural poor that enable them to increase household income through livelihood enhancements and improved access to financial and selected public services. NRLM have special focus on the poorest households, who are currently dependant on MGNREGA. These families will be supported to broaden their livelihoods through assets and skill acquisition. This will enhance the quality of their livelihoods significantly.

Swarna Jayanti Shahari Rozgar Yojana

With a view to provide gainful employment to the urban unemployed and underemployed through encouraging the setting up of self-employment ventures or provision of wage employment, a new urban poverty alleviation programme, namely, Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was launched by the Government of India on 01.12.1997.

NIESBUD Signs MoU for Promoting E-Learning Initiative

The National Institute for Entrepreneurship and Small Business Development, an organization of the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India, engaged in training, research and other interventions with the objective of promotion of entrepreneurship and development of small and micro enterprises in the country, has joined hands with the Sun Online Learning India Pvt. Ltd. for promoting the E-learning initiative (www. careerstrokes.com) developed by the Company for career planning and career enhancement.

 

FDI in Multi-Brand Retail: Advantage All

The Government of India opened the floodgates for foreign direct investment (FDI) in multi-brand retail trading, on September 14, 2012; thereby boosting the investors’ confidence towards the Indian market and economy. The government, thus, decided to give green signal to FDI up to 51 per cent, under the government route, in multi-brand retail trading. It was clearly stated that at least 50 per cent of the total FDI shall be invested in backend infrastructure within three years of the first tranche of FDI. The government also specifically mentioned that at least 30 per cent of the procurement of manufactured or processed products shall be directed from ‘small industries’ which have a total investment in plant and machinery, not exceeding USD 1 million. The government also allayed the state’s fears by clarifying that it is an enabling policy, therefore, leaving it up to the states to take their own decisions with regard to allowing FDI in multi-brand retail trading in those states.