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English Release 25-January 2015
Date Month Year
  • President's Secretariat
  • Speech by the President of India, Shri Pranab Mukherjee at the banquet hosted in honour of the President of the United States of America H.E. Mr. Barack Obama
  • Address by the President of India on the eve of the Republic Day of India 2015
  • PRESIDENT OF INDIA’S MESSAGE ON THE EVE OF NATIONAL DAY OF AUSTRALIA

  • PRESIDENT OF INDIA WELCOMES US PRESIDENT AT FORECOURT OF RASHTRAPATI BHAVAN

  • Prime Minister's Office
  • US-India Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region
  • Joint Statement during the visit of President of USA to India– ''Shared Effort; Progress for All''
  • India-U.S. Delhi Declaration of Friendship
  • English rendering of PM's response to questions during Joint Press Interaction with President of United States of America
  • Prime Minister's response to the questions during Joint Press Interaction with President of United States of America
  • Prime Minister's Media Statement during Joint Press Interaction with President of United States of America
  • PM greets the fellow citizens and Election Commission of India on National Voters' Day
  • Min of Defence
  • List of Honours and Awards to Army on Republic Day 2015
  • Nausena Medal (Gallantry) Vishnu P Unni, Sea I RC III, 224696 Z (Posthumous)
  • Nausena Medal (Gallantry) Commander Kuntal Wadhwa (41909-Y) (Posthumous)
  • Shaurya Chakra Commander Gosavi Kaustubh Vijaykumar, NM (03657-K)
  • Honorary Commissions for Army Personnel
  • Gallantry Awards to Army on 26 January 2015
  • 83 Presidential Awards for IAF This Year
  • Ashok Chakra Awarded to NK Neeraj Kumar Singh of 13 Rajputana Rifles (Posthumous) 374 Republic Day Gallantry and Other Defence Decorations Announced
  • Republic Day Parade 2015- A Curtain Raiser
  • President Confers Vayu Sena Medal (Gallantry) to Wing Commander Pankaj Sharma Flying (Pilot)
  • PTM and TM Awards for Coast Guard Personnel Announced
  • President Confers Vayu Sena Medal (Gallantry) Wing Commander Anup Sharma , Flying Pilot
  • President Confers Vayu Sena Medal (Gallantry) to Wing Commander Amit Jain, Flying (Pilot)
  • President Confers Vayu Sena Medal (Gallantry) to Wing Commander Saurabh Sharma Flying (Pilot)
  • President Confers Vayu Sena Medal (Gallantry) to Wing Commander Maneesh Kumar Roy Flying (Pilot)
  • President Confers Vayu Sena Medal (Gallantry) Shri Ravinder Kumar , Leading Hand Fireman (Posthumous)
  • President Confers Vayu Sena Medal (Gallantry) to Corporal Momocha Ningthoujam, IAF (S)
  • President Confers Vayu Sena Medal (Gallantry) Sergeant Ravinder Kumar Jakhar PJI
  • President Confers Vayu Sena Medal (Gallantry) to SQN Ldr Kapil Kareem Flying (Pilot)
  • President Confers Vayu Sena Medal (Gallantry) Squadron Leader Saurabh Raghuvanshi, Flying (Pilot) (Posthumous)
  • President Confers Vayu Sena Medal (Gallantry) to SQN Leader Mantej Singh Somal Flying (Pilot)
  • Min of Home Affairs
  • Padma Awards 2015
  • President’s Home Guards & Civil Defence Medal for Distinguished Service
  • Fire Service Medals Awarded To Fire Service Personnel On The Occasion Of Republic Day, 2015
  • State wise / Force wise Awardees of Republic Day Police Medals 2015
  • Jeevan Raksha Padak Awards – 2014 announced
  • Republic Day Police Medals 2015 Announced
  • Republic Day Correctional Service Medals Announced
  • Min of Personnel, Public Grievances & Pensions
  • ACC appointments
  • Ministry of Railways
  • Three RPF Personnel Awarded President’s Police Medal for Distinguished Service
  • Min of Urban Development
  • USA to assist in development of smart cities in UP, Rajasthan and Andhra Pradesh

Previous Date

 
Ministry of Finance15-September, 2012 14:51 IST
Extracts from the Intervention of Union Finance Minister Shri P. Chidambaram at the meeting of the full Planning Commission Today

 “I welcome the growth rate target of 8.2% envisaged for the 12th Plan.  The present target is a realistic assumption given that in the 10th Plan we achieved a GDP growth rate of 7.6% and in the 11th Plan the achievement has been 7.9%.”

          “The gross budgetary support during the entire 12th Plan period has been estimated at Rs.35.68 lakh crores which works out to 5.23% of GDP over the 5 year period.  The GBS realized over the 11th Plan period was only 4.69% of GDP.  The assumptions of tax to GDP ratio seem to be highly optimistic. The Internal and Extra Budgetary Resources (IEBR) of the CPSUs has been estimated at Rs.20.59 lakh crores making the total resources available for the Central Plan at Rs.47.70 lakh crores.  Higher IEBR would be required to meet the shortfall, if any, in the GBS.”                                           

          “On the Non-Plan expenditure side, the major subsidies are projected to decline from 1.9% of GDP as per the Budget Estimates for 2012-13 to 1.2% in 2016-17.  The estimated major subsidies in 2012-13 would be around 2.4% of GDP, and a sharp fall as assumed in the Plan may be over-optimistic.  Direct cash transfer of subsidies in food, fertilizers and petroleum will help in this reduction.  I would urge that by the end of the 12th Plan, these three major subsidies be rolled out across the country through direct cash transfers to the beneficiaries.  Pilot projects are already under implementation for LPG and kerosene and it is our intention to extend the direct transfer mechanism to the UTs in the first phase.”

 

          “Analysis shows that out of the 147 Centrally Sponsored Schemes currently in operation, 100 schemes are with an outlay of less than Rs.300 crores each for the whole country.  Given the cost of administering the schemes and the capacity now available within the States, these deserve to be closed at the level of the Central Government.  The allocated funds of Rs.7229 crores in the 2011-12 Budget could be added to the annual Normal Central Assistance of the respective States to enable them to implement these schemes.”

          “We must keep in mind that outcomes must be measured not only in terms of achieving the financial outlays but also achieving the physical targets.  The main reason why actual growth rate in each Plan period was less than the targeted growth rate was the failure to achieve physical targets.  Let me illustrate by taking the targets set and the targets achieved in the 11th Plan period.

 

Sector

XIth Plan

 

Target

Achievement

Roads

48,479 kms.

Completed – 17,571 kms.

Under implementation –

                   13,981 kms.

To be awarded –

                   16,927 kms.

Additional power generation capacity created

78,700 MW

55,000 MW

Coal production (per annum)

680 million tonnes reduced to 630 million tonnes.

540 million tonnes

Crude oil production (per annum)

206.73 million tonnes

177.09 million tonnes

Gas production (per annum)

255.76 billion cubic metres

212.5 billion cubic

metres

Railways capacity creation

21,500 kms reduced to 15,000 kms

14,752 kms

 

I would, therefore, urge that we seriously consider the need to set up a mechanism at the Cabinet level to take final decisions on major investment proposals, especially in the infrastructure sector and, in particular, in the sectors that I have mentioned above.  At present, the Allocation of Business Rules allocates the authority to take the final decision/decisions to one or more ministries.  In fact, this is the reason why a truly “final” decision does not emerge for many years.  I would, therefore, urge that the authority to take the final decision/decisions should be vested in a National Investment Board to be chaired by the Prime Minister and the Allocation of Business Rules should be amended to create such a mechanism.  The National Investment Board’s authority should extend to proposals/projects where the investment is above a certain threshold, say, Rs.1,000 crore.  Once the final decision is taken by the National Investment Board, no other Ministry or Department or Authority should be able to interfere with that decision or delay its implementation.”

                                                         ******

DSM/RS


(Release ID :87796)

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