Tuesday, June 7, 2016

Economic Revival - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto

BJP Manifesto : Lok Sabha Elections 2014

The portion related economy is divided into number of posts and the manifesto point by point and actions taken so far are identified. The full list of articles and links are provided at the end.

Economic Revival



We will bring back credibility and trust in government, re-sowing confidence in the India story domestically as well as internationally. Through consistent, long-term policies, we will not just spur the process of economic growth, but also ensure that it is stable as well as balanced.

We will:
- find out solutions, which are effective in the short run and lasting in the long run.
strictly implement Fiscal discipline, without compromising on funds availability for development work and asset creation
- allocate resources efficiently and effectively to re-energize the engines of growth.
- re-visit the policy framework for investments both foreign and domestic to make them more conducive.
- undertake Banking reforms to enhance ease and access, as well as accountability.
- we will encourage Savings as an important driver of investment and growth.

NPAs
NPAs have increased sharply over the past few years and the trend continues. BJP will take necessary steps to reduce NPAs in Banking sector. Also, BJP will set up a strong regulatory framework for the non-banking financial companies to protect the investors.

Taxation
UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country. BJP realizes the importance of having a Tax Policy Roadmap, so that people are aware of the future and plan accordingly. We will:
- provide a non adversarial and conducive tax environment
- rationalize and simplify the tax regime
- overhaul the dispute resolution mechanisms
- bring on board all State governments in adopting GST, addressing all their concerns
- provide tax incentives for investments in research and development, geared towards indigenization of technology and innovation

Foreign Direct Investment
Barring the multi-brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialized expertise. BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them. The FIPBs (Foreign Investment Promotion Board) functioning shall be made more efficient and investor- friendly



Economic Revival - Modi Govt. Economic Policy and Programmes - Launched So Far





We will bring back credibility and trust in government, re-sowing confidence in the India story domestically as well as internationally. Through consistent, long-term policies, we will not just spur the process of economic growth, but also ensure that it is stable as well as balanced.



We will:
- find out solutions, which are effective in the short run and lasting in the long run.
strictly implement Fiscal discipline, without compromising on funds availability for development work and asset creation.

Action: In this year's budget (2016-17), the FM reiterated his commitment to fiscal discipline.
 The fiscal deficit was reduced from 4.5% in 2013-14 to 3.9% in 2015-16, and simultaneously, the capital expenditure was increased.



We will  allocate resources efficiently and effectively to re-energize the engines of growth.

Action: Investment in Railways, Roads and Solar Power are being done in significant amounts.

We will  re-visit the policy framework for investments both foreign and domestic to make them more conducive.

Action: More FDI is attracted by various measures.


We will:
- undertake Banking reforms to enhance ease and access, as well as accountability.
- we will encourage Savings as an important driver of investment and growth.

NPAs

NPAs have increased sharply over the past few years and the trend continues. BJP will take necessary steps to reduce NPAs in Banking sector. Also, BJP will set up a strong regulatory framework for the non-banking financial companies to protect the investors.

Action: RBI has initiated actions on NPAs

Taxation

UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country. BJP realizes the importance of having a Tax Policy Roadmap, so that people are aware of the future and plan accordingly. We will:
- provide a non adversarial and conducive tax environment
- rationalize and simplify the tax regime
- overhaul the dispute resolution mechanisms.

- bring on board all State governments in adopting GST, addressing all their concerns
Action: Efforts on to get the bill on GST passed in parliament.

- provide tax incentives for investments in research and development, geared towards indigenization of technology and innovation

Foreign Direct Investment

Barring the multi-brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialized expertise.

Action: FDI is being welcomed through various avenues.

The FIPBs (Foreign Investment Promotion Board) functioning shall be made more efficient and investor- friendly

MSMEs

BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them.

Action: Mudra Bank is started




Full Series of Articles on the Theme: Modi Govt. Economic Policy and Programmes - BJP Election Manifesto




Economic Revival - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/economic-revival-modi-govt-economic.html

Agriculture - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/agriculture-modi-govt-economic-policy.html

Industry - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/industry-modi-govt-economic-policy-and.html

Handicrafts - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/handicrafts-modi-govt-economic-policy.html

Services - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/services-modi-govt-economic-policy-and.html

Labour Force - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/labour-force-modi-govt-economic-policy.html

Housing - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/housing-modi-govt-economic-policy-and.html

Physical Infrastructure - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/physical-infrastructure-modi-govt.html

Next Generation Infrastructure - Modi Govt. Economic Policy and Programmes - BJP Election
Manifesto
http://guide-india.blogspot.com/2016/06/next-generation-infrastructure-modi.html


Transport - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/transport-modi-govt-economic-policy-and.html

Railway - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/railway-modi-govt-economic-policy-and.html

Water - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/water-modi-govt-economic-policy-and.html

Energy - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/energy-modi-govt-economic-policy-and.html

Science and Technology - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/science-and-technology-modi-govt.html

Environment and Biodiversity - Modi Govt. Economic Policy and Programmes - BJP Election Manifesto
http://guide-india.blogspot.com/2016/06/environment-and-biodiversity-modi-govt.html




Articles on the Theme  by Other Publications

Modi Government Manifesto Fulfilment Meter - Out of 195 - Action started on 139.

http://www.thehindu.com/data/modi-meter-two-years-on-modi-manifesto-scores-70100/article8657161.ece


Live Mint
http://www.livemint.com/Politics/dDrghcerwaPuOJTpXbEqjL/Nine-charts-that-capture-Narendra-Modis-first-year-in-power.html

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