Thursday, 7 August 2014

Budget 2014-15 for Prelims 2014

Budget 2014-15 for Prelims 2014

1)    Expenditure versus Receipts

Rs Crore
Total expenditure estimates (X)

Gross Tax receipts

(State share)

Share of Centre (A)

Non Tax Revenues (B)

Non Debt capital receipts(C)

Total Receipts(A+ B+ C)=Y

Fiscal Deficit(Borrowing)(X-Y)

2. Deficits
Fiscal Deficit
4.1% of GDP

Revenue Deficit
2.9% of GDP

3.Direct taxes contribute 54% and indirect taxes 46% to the tax receipts of the central government

·         The Ministry of Rural Development is implementing a new scheme titled, “Skill Empowerment and Employment in J&K (SEE J&K) ‘Himayat’.
·          It envisages covering one lakh youth from rural & urban areas of J&K in the next five years.
·         70% of the funds will be utilized for wage employment and remaining 30% for self employment. It is a 100% central assistance scheme.

5.Mahila Kisan Sashaktikaran Pariyojana
·         Mahila Kisan Sashaktikaran Pariyojana (MKSP) has been initiated as a sub-component of the National Rural Livelihood Mission(NRLM) to meet the specific needs of women farmers and achieve socio-economic and technical empowerment of the rural women farmers, predominantly small and marginal farmers.

6.Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH):
·         The objective of Department of AYUSH is to develop and promote the Indian systems of medicines in an organised and scientific manner.

7.Nirmal Bharat Abhiyan (NBA):
·         To accelerate the progress of sanitation in rural areas, Government of India has designed a paradigm shift in Total Sanitation Campaign (TSC), which is now called the Nirmal Bharat Abhiyan (NBA), in the XIIth Five Year Plan.
·         The new strategy is to transform rural India into ‘Nirmal Bharat’ by adopting community saturation approach. The provision of incentive for individual household latrine units has been widened to cover all APL households who belong to SCs, STs, small and marginal farmers, landless labourers with homesteads, physically challenged and women headed households along-with all BPL households.
·         NBA goal is to achieve 100% access to sanitation for all rural households by 2022.

8.Expenditure Management Commission
·         The principle of “Minimum Government Maximum Governance”. To achieve this goal, time has come to review the allocative and operational efficiencies of Government expenditure to achieve maximum output.
·         The Government will constitute an Expenditure Management Commission, which will look into various aspects of expenditure reforms to be undertaken by the Government
·         The Commission will give its interim report within this financial year.
·        To overhaul the subsidy regime, including food and petroleum subsidies, and make it more targeted while providing full protection to the marginalized, poor and SC/STs. 
9.Smart Cities
·         As the fruits of development reach an increasingly large number of people, the pace of migration from the rural areas to the cities is increasing.
·         A neo middle class is emerging which has the aspiration of better living standards. Unless, new cities are developed to accommodate the burgeoning number of people, the existing cities would soon become unlivable.
·        The Prime Minister has a vision of developing ‘one hundred Smart Cities’, as satellite towns of larger cities and by modernizing the existing mid-sized cities.
(PURA project of Kalam aimed at reverse migration. Smart Cities project aims at providing better homes for migrants) 
10.Skill India
·         A national multi-skill programme called Skill India is proposed to be launched.
·         It would skill the youth with an emphasis on employability and entrepreneur skills.
·         It will also provide training and support for traditional professions like welders, carpenters, cobblers, masons, blacksmiths, weavers etc.
·         Convergence of various schemes to attain this objective is also proposed. 
11.Pradhan Mantri Krishi Sinchayee Yojana
·         Bulk of our farm lands are rain fed and dependent on monsoons.
·         Therefore, there is a need to provide assured irrigation to mitigate risk.
·         To improve access to irrigation a new scheme “Pradhan Mantri Krishi SinchayeeYojana” 
12.Shyama Prasad Mukherji Rurban Mission(similar to PURA project)
·         Aims to provide people living in the rural areas,efficient civic infrastructure and associate services
·         Shyama Prasad MukherjiRurban Mission will be launched to deliver integrated project based infrastructure in the rural areas, which will also include development of economic activities and skill development.
·         The preferred mode of delivery would be through PPPs while using various scheme funds for financing
13.Deendayal Upadhyaya Gram Jyoti Yojana
·         Power is a vital input for economic growth and the Government is committed to providing 24x7 uninterrupted power supply to all homes.
·         “DeenDayal Upadhyaya Gram JyotiYojana” for feeder separation will be launched to augment power supply to the rural areas and for strengthening sub-transmission and distribution systems.
14.Varishtha Pension Bima Yojana
·         NDA Government during its last term in office had introduced the Varishtha Pension BimaYojana (VPBY) as a pension scheme for senior citizens.
·         This scheme has been revived for a limited period from 15 August, 2014 to 14 August, 2015 for the benefit of citizens aged 60 years and above.
 15.Beti Bachao, Beti PadhaoYojana
·        It is a focused scheme which would help in generating awareness and also help in improving the efficiency of delivery of welfare services meant for women.
·        New scheme for watershed development in the country
 17.All India Institute of Medical Science(AIIMS)
·        All the six new AIIMS at Jodhpur, Bhopal, Patna, Rishikesh, Bhubaneswar and Raipur, which are part of Pradhan Mantri Swasthya SurakshaYojana, have become functional.
·        A plan to set up four more AIIMS like institutions at Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP is under consideration.
 18.Higher Education
·        Proposal to set up Jai Prakash Narayan National Centre for Excellence in Humanities in Madhya Pradesh
·        To set up five more IITs in the Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.
·        Five IIMs would be set up in the States of Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra.
19.Pooled Municipal Debt Obligation Facility
·        This facility was set up in 2006 with participation of several Banks to promote and finance infrastructure projects in Urban Area on shared risk basis.
·        Present corpus of this facility is `5,000 Crores.
·        This Government has a major focus of providing good infrastructure, including public transport, solid waste disposal, sewerage treatment and drinking water in the urban areas.
·        In keeping with the Hon’ble Prime Minister’s vision for urban areas it is proposed to enlarge it to `50,000 Crores with extension of the facility by five years to March 31, 2019.
20.BhoomiHeen Kisan
·         As a very large number of landless farmers are unable to provide land title as guarantee, institutional finance is denied to them and they become vulnerable to money lenders’ usurious lending.
·         It is proposed to provide finance to 5 lakh joint farming groups of “BhoomiHeen Kisan” through NABARD in the current financial year.
·          21.National Adaptation Fund
·         Climate change is a reality which all of us have to face together. Agriculture as an activity is most prone to the vagaries of climate change.
·         To meet this challenge, it is proposed to establish a “National Adaptation Fund” for climate change. As an initial sum an amount of `100 crore will be transferred to the Fund.
 22.Producers Development and Upliftment Corpus (PRODUCE)
·         The issue of profitability of small holding based agriculture has assumed importance in view of increasing proportion of small and marginal farmers in the country.
·         It is proposed to supplement NABARD’s Producers’ organization development fund for Producer’s development and upliftment called PRODUCE with a sum of `200 crore which will be utilized for building 2,000 producers organizations across the country over the next two years.
 23.National Industrial Corridor Authority
·         A National Industrial Corridor Authority, with its headquarters in Pune, is being set up to coordinate the development of the industrial corridors, with smart cities linked to transport connectivity, which will be the cornerstone of the strategy to drive India’s growth in manufacturing and urbanization
 24.One Rank One Pension
·         Commitment to soldiers in pension .
·         A policy of “One Rank One Pension” has been adopted by the Government to address the pension disparities
 25.National Heritage City Development and Augmentation Yojana (HRIDAY)
·         HRIDAY is a scheme launched for conserving and preserving the heritage characters of these cities.
·         To begin with, the cities such as Mathura, Amritsar, Gaya, Kanchipuram, Vellankani and Ajmer have been selected
·         The Project will work through a partnership of Government, academic institutions and local community combining affordable technologies
 26.Namami Gange
·        It is a proposal to set up Integrated Ganga Conservation Mission called “NamamiGange”
27.NRI Ganga Fund
·         NRIs have been a very important contributor to the development process in India, in areas such as education, health and preservation of culture.
·         In this context, to harness their enthusiasm to contribute towards the conservation of the river Ganga, NRI Fund for Ganga will be set up which will finance special projects.
 28.Indian Space Programme
·         Several major space missions are planned for 2014-15 which include the experimental flight of India’s future heavy capacity launcher GSLV Mk-III, one commercial launch of PSLV and two more navigational satellites.
·         Our Mars Orbiter spacecraft is in its 300 days long voyage to Planet Mars along the designated helio-centric trajectory.
·         Mars Orbiter Spacecraft is expected to be orbiting around Mars on September 24, 2014.
 29. 24x7 Channel for the North East
·         TV is a very powerful tool for the expression of cultural identities and for creating greater awareness of the richness of the diversity of our country.
·         To provide a strong platform to rich cultural and linguistic identity of the North-East, a new 24x7 channel called “ArunPrabha” will be launched.

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