Monday, February 19, 2018

Magnetic Maharashtra - Convergence 2018 - Global Investment Summit - Target - Rs. 10 Lakh Crore MOUs




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'Magnetic Maharashtra' investment summit targets to attract Rs 10 lakh crore

https://www.businesstoday.in/current/economy-politics/magnetic-maharashtra-investment-summit-targets-to-attract-rs-10-lakh-crore/story/270751.html


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GLOBAL INVESTMENT SUMMIT: CONVERGENCE 2018


SESSIONS

Day 1: Sunday, 18 February 2018

Inauguration of the Summit by Hon'ble PM

Exhibition Inauguration by Hon'ble Prime Minister

CEOs interaction with Hon’ble Prime Minister and Hon’ble Chief Minister (High Tea)

Cultural Event

Session

Day 2: Monday, 19 February 2018

Future Industry & Sustainability

Emerging technologies in sectors (EV, ESDM, Renewables)

IOT and Smart Cities

Employment

Industry 4.0 & Future of Jobs

Export Oriented Industrialization

Infrastructure

Infrastructure: The Growth Engine

Supply Chain : Leveraging for agility

General

Maharashtra : The journey to the trillion dollar economy

Celebrating the innovators of Maharashtra : Startup session and award show

State awards for Excellence in Industrial Development
Day 3: Tuesday, 20 February 2018

Future Industry & Sustainability

Sustainability : Water Conservation

Mumbai the financial hub : The way ahead

Media: Shaping the future of information and entertainment

Employment

Spotlight Session Women Entreprenuers

MSME The next gen wealth creators

Employment Intensive Industries (Food Processing / Textile)

Ecosystem

Spotlight Session : Ease of Doing Business

Make in Maharashtra 2.0 (Defence, Artificial intelligence, Genomics)

Seminar on Industry Academia Linkage

General

Velidictory and closing ceremony

START-UP AWARDS

https://www.midcindia.org/convergence2018/registration



Magnetic Maharashtra  Convergence 2018 - Global Investment Summit  News

18 February 2018


Inaugural Programme
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PM's Inaugural Speech
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Virgin Group HyperLoop in Muumbai
The Framework Agreement to begin the development of the route, starting with an operational demonstration track was signed on Sunday, Feb 18, the first day of the Magnetic Maharashtra Convergence 2018
http://www.apnlive.com/india-news/india-may-become-first-country-get-super-high-speed-transport-system-hyperloop-38452


19 February 2018

Maharashtra Entrepreneur Gets 35,000 Crore-Deal For India's First Plane Factory
The MoU, between Amol Yadav and MIDC, will lead to generation of around 10,000 jobs in the project, which will be spread over 157 acre land in Palghar district.
https://www.ndtv.com/india-news/maharashtra-pilot-gets-35-000-crore-deal-for-indias-first-plane-factory-1814650


Maharashtra signs MoU with ICRISAT
Memorandum of Understanding (MoU) for development of agriculture in the drought-prone dry lands of Vidarbha region.
The project will benefit an estimated 55,000 farmer families directly.
http://www.thehindu.com/news/cities/Hyderabad/maharashtra-signs-mou-with-icrisat/article22800754.ece


Updated 2018 - 19 February
17 Feb 2018


Doubling Farmer Income - Rural Income by 2022-23 - Measures






PM's Talk on  20 February 2018

Agri Sector किस तरह से Operate करता है,सरकार उस व्यवस्था को बदल रही है
Agri Sector में नए Culture की स्थापना की जा रही है
यही Culture 2022 तक संकल्प से सिद्धि की हमारी यात्रा को पूरा करेगा
जब गावों का उदय होगा, तभी भारत का भी उदय होगा
जब किसान सशक्त होगा,तो देश भी सशक्त होगा: PM







Agriculture sector: Doubling farmers income

DD News
Published on 19 Feb 2018
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March 2017

Doubling Farmers' Income: Rationale, Strategy, Prospects and Action Plan

Concept Paper by
Ramesh Chand, Member NITI Ayog
http://niti.gov.in/writereaddata/files/document_publication/DOUBLING%20FARMERS%20INCOME.pdf

Base year 2015-16 - Target year - 2022 - 23

Intention: Double the income in real terms.

Page 8 of the paper

Sources of Growth in Farmers' Income

1. Improvement in Productivity (Output per acre).

2. Resource use efficiency or saving in cost of production

3. Increase in cropping intensity (farming more number of times in year)

4. Diversification towards high value crops

5. Shifting cultivators to non farm occupations

6. Improvement in terms of trade for farmers or real prices received by farmers (shifting some revenue to farmers from the existing middle men)


19 September 2017

States Requested to Develop The Strategy to Suit its Context in Line with the Strategy announced by the Centre

http://economictimes.indiatimes.com/news/economy/agriculture/make-own-strategy-to-double-farmers-income-centre-to-states/articleshow/60750616.cms




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https://transformingindia.mygov.in/all-infographics/
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4 October 2016

Modi Government has announced that it aims to double farmer's income by 2022.


What are the measures being taken?

MGNREGA - 75% times payments from the current 55%.

Creating one million - ten lakh farm ponds

Training barefoot technicians

18 lakh rural youth to trained under NREGA as skilled persons. Come to 3 per village.

Construction of one crore houses in rural areas.

National Rural Livelihoods Mission - Rs. 51,500 crore provide in the last two years to set up Self Hel Groups.

PradhanMantri Sadak yojana to develop roads to 65,000 villages.

http://economictimes.indiatimes.com/news/economy/policy/how-aadhar-is-helping-welfare-schemes-like-nrega-swachch-bharat-get-a-new-lease-of-life/articleshow/54665560.cms



Updated 2018 - 20 February

 25 September 2017,  20 September 2017, 9 September 2017, 4 October 2016

Friday, February 16, 2018

Rigved Telugu


ఋగ్వేదము

మీకు ప్రథమ అనువాకము తెలుగు అర్ధముతో లభిస్తుంది. వెళ్లి చూడండి.

http://www.teluguwishesh.com/spirituality/664-vedas/50251-rigvedam-first-sooktham.html



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Thursday, February 15, 2018

Ancient Indian Principles and Practices in Society - Indian Sociology - Vedic and Puranic Periods





Material Culture & Social Formations in Ancient India
R.S. Sharma
Macmillan, 2007 - India - 348 pages


The author surveys theories of social change and underlines the key role of production techniques together with climatic conditions in shaping ancient social formations. Several questions are raised: What was the extent of cattle pastoralism in early Ved
https://books.google.co.in/books?id=Fr_MYDMCUE8C

Vedic Culture: The Difference It Can Make in Your Life
Stephen Knapp
iUniverse, 22-Nov-2005 - Body, Mind & Spirit - 314 pages


The Vedic tradition of India is rooted in Sanatana Dharma, the eternal and universal truths that are beneficial to everyone. It includes many avenues of self-development that an increasing number of people from the West are starting to investigate and use, including:
Yoga Meditation and spiritual practice Vedic astrology Ayurveda Vedic gemology Vastu or home arrangement Environmental awareness Vegetarianism Social cooperation Global peace And much more
Vedic Culture shows the advantages of the Vedic paths of improvement and self-discovery that you can use in your own life to attain personal awareness, happiness, and fulfillment. It also provides a new view of what these avenues have to offer from some of the most prominent writers on Vedic culture in the West, who discovered how it has affected and benefited their own lives.

For the benefit of individuals and for social progress, the Vedic system is as relevant today as it was in ancient times. Discover why there is a growing renaissance in what the Vedic tradition has to offer in Vedic Culture.
Vedic Culture: The Difference It Can Make in Your Life
Front Cover
Stephen Knapp
iUniverse, 22-Nov-2005 - Body, Mind & Spirit - 314 pages
0 Reviews

The Vedic tradition of India is rooted in Sanatana Dharma, the eternal and universal truths that are beneficial to everyone. It includes many avenues of self-development that an increasing number of people from the West are starting to investigate and use, including:
Yoga Meditation and spiritual practice Vedic astrology Ayurveda Vedic gemology Vastu or home arrangement Environmental awareness Vegetarianism Social cooperation Global peace And much more
Vedic Culture shows the advantages of the Vedic paths of improvement and self-discovery that you can use in your own life to attain personal awareness, happiness, and fulfillment. It also provides a new view of what these avenues have to offer from some of the most prominent writers on Vedic culture in the West, who discovered how it has affected and benefited their own lives.

For the benefit of individuals and for social progress, the Vedic system is as relevant today as it was in ancient times. Discover why there is a growing renaissance in what the Vedic tradition has to offer in Vedic Culture.
https://books.google.co.in/books?id=Iy9TCgAAQBAJ




Politics in India : Ancient India, Politics of Change, Modern India
M. M. Sankhdher, Gurdeep Kaur
Deep and Deep Publications, 2005 - India - 506 pages
https://books.google.co.in/books?id=veYezcrVAlcC

Wednesday, February 14, 2018

Maharashtra - Communication Equipment and Devices Manufacture






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We are Mobiletele…
Mobiletele (Mobile Telecommunications Ltd. or MTL) – is a born in India international firm providing global outsourcing, manufacturing, and consulting service to a host broad spectrum of clients. In the over 2 decades of our existence, we have diversified our offerings to include BPO services, electronics manufacturing, wireless communication, and software development. We are leading suppliers of PoS systems, electronic cables, retail PoS systems, Speakers and Home Theater systems, LED products and much more. Based out of Mumbai, India, we have a sprawling manufacturing facility in Nashik, India, and foreign offices in New York and New Jersey, US. As a sign of our success and credibility, we are listed on the Bombay Stock Exchange (BSE), and have an employee base over 1000 people strong.
http://www.mobileteleindia.com/about.php

MATRIX GRATING PVT. LTD.
Mobile Communication Towers
Factory: Gat No. 447/b, Borgaon Kavathemahankal, Miraj- Padharpur Road, Sangli- 416 419
http://www.matrixgrating.in/

Maharashtra Agriculture - Important Crops - Technology - Productivity



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MSAMB PROFILE

The Maharashtra State Agricultural Marketing Board (MSAMB), Pune was established on 23rd, March 1984, under section 39A of Maharashtra Agricultural Produce Marketing (Development & Regulation) Act, 1963. MSAMB has done pioneering work in the field of Agricultural Marketing in the State and achieved success in various areas. MSAMB is having an important role in developing and coordinating agricultural marketing system in the State of Maharashtra.
https://www.msamb.com/


Sorghum

SORGHUM SEED CONSORTIUM BOOSTS ADOPTION OF IMPROVED CULTIVARS IN INDIA
https://www.icrisat.org/sorghum-seed-consortium-boosts-adoption-of-improved-cultivars-in-india/





Chickpea


2010
Growth and instability of chickpea production in Vidarbha region of Maharasthra
SONAL GAJBHIYE, R.N. WANKHADE AND S.J. KAKDE
International Journal of Commerce and Business Management (October, 2010) Vol. 3 Issue 2 : 172-174


2009

IMPACT OF FRONT LINE DEMONSTRATION OF CHICKPEA IN MAHARASHTRA
D.D. Dudhade, G.P. Deshmukh, P.N. Harer and J.V. Patil
Pulse Improvement Project,
Mahatma Phule Krishi Vidyapeeth, Rahuri-413 722, India.
Legume Res., 32 (3) : 206-208, 2009
AGRICULTURAL RESEARCH COMMUNICATION CENTRE
www.arccjournals.com / indianjournals.com
http://www.arccjournals.com/uploads/articles/lr323010.pdf



Pigeonpea

Maharashtra seen buying 4.5 lt of tur under price support scheme
Online registration of farmers, higher moisture in the produce delay the procurement
MUMBAI, JANUARY 24, 2018
http://www.thehindubusinessline.com/economy/agri-business/maharashtra-seen-buying-45-lt-of-tur-under-price-support-scheme/article10049917.ece

IMPROVED PIGEONPEA HYBRID HELPS FARMERS FIGHT DROUGHT IN MAHARASHTRA, INDIA
30 May 2016
http://www.icrisat.org/improved-pigeonpea-hybrid-helps-farmers-fight-drought-in-maharashtra-india/

Total factor productivity growth of pigeon pea crop in Maharashtra
by DJ Sanap - ‎2016
www.arccjournals.com/uploads/articles/6A4315.pdf


Pre-and Post Harvest Losses of Pigeon pea in Maharashtra
by D Shah - ‎2014
https://mpra.ub.uni-muenchen.de/56634/1/MPRA_paper_56634.pdf

Soyabean


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Price collapse: The MSP mirage
Modi government’s decision to hike import duty on edible oils has come too little, too late for soyabean farmers
 Updated: November 23, 2017
http://indianexpress.com/article/india/price-collapse-the-msp-mirage-modi-government-soyabean-farmers-4950196/

SOYBEAN Report - ficci
2015
ficci.in/spdocument/20539/SOYBEAN-Report.pdf

Problems and Prospects of Soybean Cultivation in Maharashtra
by J Kajale - ‎2013
gipe.ac.in/pdfs/aerc/Soyaben%20Project.pdf

सोयाबिन लागवड पध्दती  पिक संरक्षण
http://agriplaza.in/soybean-planting.html


Crop Protection for Soybean Production
http://www.dupont.co.in/products-and-services/crop-protection/crop-protection-soybean-production.html



Cotton
Sugarcane

Monday, February 12, 2018

Maharashtra - Make in India Plan



24 January 2018


Maharashtra will reach $1 trillion economy.

Referring to Prime Minister Narendra Modi's keynote address yesterday,

Fadnavis said he had talked about India becoming a five trillion dollar economy by 2025 and his strong India pitch will also help Maharashtra a lot.
https://economictimes.indiatimes.com/news/economy/policy/devendra-fadnavis-woos-foreign-investors-targets-trillion-dollar-economy-tag-for-maharashtra/articleshow/62632011.cms

16 January 2018

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https://www.facebook.com/devendra.fadnavis/


18 September 2017
“Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years,” Fadnavis said at the 5th edition of the ‘Progressive Maharashtra Summit’, organised by FICCI here.

The theme of the summit this year is ‘Maharashtra 2025: Leapfrogging to $1 trillion economy’.
http://www.thehindubusinessline.com/news/national/maharashtra-set-to-be-1trillion-economy-says-fadnavis/article9864065.ece


13 to 18 February 2016
Make in Week was celebrated in Mumbai, Bandra Kurla Complex.

Maharashtra Government took an active part in it. Magnetic Maharashtra is the slogan.
An advertisement was released on 21 Feb 2016 in newspapers

2594 MOUs
Proposed investment  Rs. 7.9 lakh crore plus.
30 lakh jobs potential

MOU with twin star (Vedanta) for LCD FAB

5 New Policies from Maharashtra Govt.

Retail Trade Policy
Electronics Policy
Maritime Development Policy
Single Window
Ambedkar special package of incentives for SC/ST entrepreneurs.



September 2015
http://www.dnaindia.com/mumbai/report-maharashtra-government-plans-programme-to-spread-make-in-maharashtra-plan-info-among-its-officials-2124069


July 2015
Maharashtra to invest in IPOs of SMEs
http://articles.economictimes.indiatimes.com/2015-07-23/news/64772638_1_sme-platform-nse-maharashtra-government


A new item appeared on 7 May 2015 in Times of India Page 7 that CM announced that in the next five years there will be investment of 5 lakh crore and 20 lakh jobs in Maharashtra. Is it sufficient?. We need to analyze.


Updated 2018 - 13 February

  22 Feb 2016, 19 Oct 2015

Wednesday, February 7, 2018

10,000 Small Businesses - Growth Programme for Entrepreneurs and Executives



CSense Supports SMEs to Become Corporates!

CSense’ Vision & Strategy Support to SMEs
CSense Management Solutions
#406-D, Jalaram Park, LBS Marg,
Bhandup West, Mumbai - 400078
Phone: +91 9940624918
Fax: +91 9940624918

CSense Growth Workshop Booklet

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Nasscom 10,000 Startups Initiative

http://10000startups.com/

Small Business - India Definition



Investment in plant and machinery for Manufacturing


Small Enterprises - More than twenty five lakh rupees but does not exceed five crore rupees

Investment in Equipment for Service Enterprises


Small Enterprises -  More than  ten lakh rupees but does not exceed two crore rupees

http://www.dcmsme.gov.in/ssiindia/defination_msme.htm


One day programme  Saturday or  Sunday
100 participants per batch
Subsequent information through online.

Key decision maker with senior leadership role (i.e. CEO, COO, President, Executive responsible for business growth)
Business has operated for at least one year
Business employs at least 10 people
Annual revenue above Rs. 50 lakhs

India - 10,000 Small Businesses - Growth Programme Curriculum


Programme to be modeled on Goldman Sachs 10,000 Small Businesses Program

Orientation
You & Your Business
Growth and Opportunities
Money and Metrics
You Are the Leader
It's the People
Marketing and Selling
Operations and Processes
Being Bankable
Action for Growth

Module 1: You and Your Business
Identify growth goals for the business
The opening module will introduce small business owners to the program and the growth plan they will be working toward.  Participants will work with their peers identify opportunitis for growth.  The predictable and unpredictable problems associated with growing a business are discussed specific metrics  that are best for measuring a business's success are indicated.

Module 2: Growth and Opportunities.
Refine and articulate the business growth opportunity
Participants will identify sources of innovation for their businesses; developing, analyzing and understanding the competitive landscape for their businesses and industries are discussed. The issue of determining  if a new business concept is a "good idea" or a viable business opportunity is explored.

A hands-on session is conducted to help participants become more comfortable with the project feasibility report.

Module 3: Money and Metrics
Develop and forecast financial statements for growth
 In this module, the  assessment of a business's financial and operational realities when implementing the new investment project is the focus.


The red flags that lenders look during assessing the loan applications are highlighted.

Module 4: You are the Leader.
Develop and enhance leadership skills
In this module, the focus is on a better understanding of how  personal leadership style influences the team and business, and then identify opportunities to enhance or adjust leadership approach to achieve better business results.


Module 5: It's the People
Build and sustain a healthy organization
"It's the people" focuses on developing employees and building an organization that can both support growth and sustain the participant's values for their company.



Module 6: Marketing and Selling
Understand your customers' needs
Growth can only occur with a strong marketing and sales effort.  This module focuses on understanding customers' needs, target markets and the competition.  The focus will be on developing and executing an effective marketing plan.

Module 7: Operations and Processes
Implement effective processes, Increase operational efficiencies; Improve profitability
Processes are central to everything a business does.  In this module, the focus is on designing effective processes, improving their efficiency to improve profits on a continuous basis

Module 8: Being Bankable.
Financing growth
In this module, the focus is on the different types of financing available to small businesses.

Module 9: Action for Growth.
Sharing the growth plan
During this session of the 10,000 Small Businesses curriculum, participants will have the opportunity to present their growth plans and receive feedback from a panel business growth advisors and peers.


Goldman Sachs 10,000 Small Businesses Program - 

ARTICLES FOR SMALL BUSINESS OWNERS - BUSINESS GROWTH PROGRAM


http://www.goldmansachs.com/citizenship/10000-small-businesses/US/about-the-program/articles/index.html


Module 1: You and Your Business
Identify growth goals for the business


Module 2: Growth and Opportunities.

Identify Business Growth Opportunities and Develop Growth Plans

Refine and articulate the business growth opportunity


Marketing Strategy for Small  Business
Knud Jensen - Ryerson University, Canada
http://www.ryerson.ca/~kjensen/

Small Business Management in 21st Century
http://www.saylor.org/site/textbooks/Small%20Business%20Management%20in%20the%2021st%20Century.pdf

Business Growth Checklist for 2016
Podcast
http://caspodcast.com/2016/01/episode-24-business-growth-checklist-for-2016/

Small Business Growth Plans
Director Magazine UK
2015
http://www.director.co.uk/wp-content/uploads/2015/02/The-Small-Business-Growth-Plan.pdf


Growing Your Business - A Guide
http://www.summerland.ca/docs/default-source/development-services/business/growingyourbusiness.pdf?sfvrsn=2

Financing Growth - Small Business Guide - JP Morgan
https://www.jpmorganchase.com/corporate/Corporate-Responsibility/document/icic_jpmc_apr15_rprt_web.pdf

Business Growth Theories


Corporate Growth Strategy - Introduction and Bibliography
http://nraomtr.blogspot.com/2016/10/corporate-growth-strategy-introduction.html

Strategy for Growth in Mature Industries
http://nraomtr.blogspot.com/2016/10/strategy-for-growth-in-mature-industries.html

The Theory of the Growth of the Firm
http://nraomtr.blogspot.com/2016/10/the-theory-of-growth-of-firm.html

Module 3: Money and Metrics
Develop and forecast financial statements for growth

Module 4: You are the Leader.

Develop and enhance leadership skills


Why SME leaders need their own brand
4 NOV 2016
http://smallbusiness.co.uk/transparency-accountability-business-2534904/

Leadership matters

OCTOBER 18, 2016

Small business needs great, authentic leaders who are able to engage staff to achieve significant wins financially and, just as importantly, developing the businesses culture for success.
https://insidesmallbusiness.com.au/planning-management/leadership-matters

Module 7: Operations and Processes

Implement effective processes, Increase operational efficiencies; Improve profitability

The first one the responsibility of managers, the second one the special domain of industrial engineers.

Learn Industrial Engineering from  Industrial Engineering Knowledge Center http://nraoiekc.blogspot.com/


Increase Management Knowledge from Management Theory Review 

http://nraomtr.blogspot.com/

FROM SUPPLY CLOSETS TO MULTI-FACILITY WAREHOUSES: TODAY’S TOP SMB INVENTORY MANAGEMENT SOLUTIONS
http://www.smbceo.com/2016/11/04/top-smb-inventory-management-solutions/



About the Goldman Sachs 10000 Small Businesses Program


http://www.goldmansachs.com/citizenship/10000-small-businesses/US/about-the-program/impact-of-10ksb/


10,000 Women Entrepreneurs Program
http://www.isb.edu/10kwomen


Playlist of Videos
https://www.youtube.com/watch?v=xcA3uRugfxM&list=PLIyiGQywEp64jGas-SC2QWvnkAnJRvIhe




Grow Your Business - S.P. Jain Programme

State of Small Business in America - Panel Discussion July 2016
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Goldman Sachs Upload


Updated  2018 - 7 February 2018
 29 April 2017,  6 November 2016,  15 August 2016

Monday, February 5, 2018

2018 - 19 India Budget - News



Budget Documents


http://www.indiabudget.gov.in/


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Key to Budget DocumentsPDF File Opens in a new window
Budget Speech
Budget at a Glance
Annual Financial Statement
Finance Bill
Memorandum
Receipt Budget
Expenditure Budget
Customs & Central Excise
The Macro Economic Framework StatementPDF File Opens in a new window
The Medium Term Fiscal Policy StatementPDF File Opens in a new window
The Fiscal Policy Strategy StatementPDF File Opens in a new window
Implementation of Budget Announcements 2017-2018PDF File Opens in a new window
Output Outcome Framework for Schemes 2018-2019PDF File Opens in a new window
Economic Survey 2017-18


You get all previous budgets and economic surveys in this site.
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https://www.indiatvnews.com/business/budget-union-budget-2018-know-all-about-important-documents-terminologies-423856



2018 India Budget Analysis - MSME Ministry Budget Allocation - Employment 


Generation
https://www.youtube.com/watch?v=kj6nPSsjjXg
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Live Budget Discussions

India Today
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To understand current budget, listen to the India Vision 2015
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2018 - 19 India Budget - News



Twitter hashtag  #Budgetsession

https://twitter.com/hashtag/BudgetSession?src=tren&data_id=tweet%3A957777259862966272




29 January 2018 - Start of Budget Session of Parliament





#economicsurvey18 tabled in Parliament
Full survey available on http://mofapp.nic.in:8080/economicsurvey/
For highlights of the survey from CEA @arvindsubraman and @PIB_India
Also catch CEA's presser on the survey, at 1.30 https://youtu.be/H5EjiqUortM


Press Conference of CEA - Video

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Highlights of the Economic Survey 2018


Real GDP growth will rise to 7 to 7.5 per cent in 2018-19

Finance Minister Present Economic Survey 2017-18 in Parliament

Real GDP Growth to Clock 6.75 Percent this Fiscal

Economic Survey Predicts 7-7.5 Percent Growth in 2018-19

Employment, Education & Agruiculture To Be The Focus Areas In Medium Term, Says Survey

Posted On: 29 JAN 2018 1:41PM by PIB Delhi

A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, thereby re-instating India as the world’s fastest growing major economy.

 It said that the reform measures undertaken in 2017-18 can be strengthened further in 2018-19.


The survey underlines that due to the launch of transformational Goods and Services Tax (GST) reform on July 1, 2017, resolution of the long-festering Twin Balance Sheet (TBS) problem by sending the major stressed companies for resolution under the new Indian Bankruptcy Code, implementing a major recapitalization package to strengthen the public sector banks, further liberalization of FDI and the export uplift from the global recovery, the economy began to accelerate in the second half of the year and can clock 6.75 percent growth this year.

The survey points out that as per the quarterly estimates; there was a reversal of the declining trend of GDP growth in the second quarter of 2017-18, led by the industry sector.

The Gross Value Added (GVA) at constant basic prices is expected to grow at the rate of 6.1 per cent in 2017-18 as compared to 6.6 per cent in 2016-17.

Similarly, Agriculture, industry and services sectors are expected to grow at the rate of 2.1 per cent, 4.4 per cent, and 8.3 per cent respectively in 2017-18. The survey adds that after remaining in negative territory for a couple of years, growth of exports rebounded into positive one during 2016-17 and expected to grow faster in 2017-18.

However, due to higher expected increase in imports, net exports of goods and services are slated to decline in 2017-18.

Similarly, despite the robust economic growth, the savings and investment as a ratio of GDP generally declined.

The major reduction in investment rate occurred in 2013-14, although it declined in 2015-16 too.

Within this the share of household sector declined, while that of private corporate sector increased.


The survey points out that India can be rated as among the best performing economies in the world as the average growth during last three years is around 4 percentage points higher than global growth and nearly 3 percentage points higher than that of Emerging Market and Developing Economies.

It points out that the GDP growth has averaged 7.3 per cent for the period from 2014-15 to 2017-18, which is the highest among the major economies of the world.

That this growth has been achieved in a milieu of lower inflation, improved current account balance and notable reduction in the fiscal deficit to GDP ratio makes it all the more creditable.

Though concerns have been expressed about growing protectionist tendencies in some countries but it remains to be seen as to how the situation unfolds. Some of the factors could have dampening effect on GDP growth in the coming year viz. the possibility of an increase in crude oil prices in the international market.

However, with world growth likely to witness moderate improvement in 2018, expectation of greater stability in GST, likely recovery in investment levels, and ongoing structural reforms, among others, should be supporting higher growth.

On balance, country’s economic performance should witness an improvement in 2018-19.

The survey highlights that against the emerging macroeconomic concerns, policy vigilance will be necessary in the coming year, especially if high international oil prices persist or elevated stock prices correct sharply, provoking a “sudden stall” in capital flows.

The agenda for the next year consequently remains full: stabilizing the GST, completing the TBS actions, privatizing Air India, and staving off threats to macro-economic stability. The TBS actions, noteworthy for cracking the long-standing “exit” problem, need complementary reforms to shrink unviable banks and allow greater private sector participation.

The GST Council offers a model “technology” of cooperative federalism to apply to many other policy reforms. Over the medium term, three areas of policy focus stand out: Employment: finding good jobs for the young and burgeoning workforce, especially for women. Education: creating an educated and healthy labor force. Agriculture: raising farm productivity while strengthening agricultural resilience.

Above all, India must continue improving the climate for rapid economic growth on the strength of the only two truly sustainable engines—private investment and exports.

http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1518086

Liked the concept - Post card to FM


http://zarabol.rediff.com/postcard/9492220

Last Year Information


2017 - 18 India Budget - News


Union Budget 2017-18: Budget Speech by Union Finance Minister Shri Arun Jaitley
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PIB Upload



Mood of the Nation - 2018


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Part 3

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Updated on  8 Feb, 7 Feb 2018,
31 Janaury 2018

8 February - Post Budget Analysis Event in NITIE. I was a panel discussion member. Made a small presentation.

Andhra Pradesh - Industrial Development


ఆంధ్ర ప్రదేశ్  రాష్ట్రంలో నూతన వ్యాపార స్థాపన దృక్పథం (Vision)

5 లక్షల సూక్ష్మ వ్యాపారములు, పరిశ్రమలు 
50,000 చిన్న వ్యాపారములు, పరిశ్రమలు
5,000 మధ్య స్థాయి వ్యాపారములు, పరిశ్రమలు
500 పెద్ద వ్యాపారములు, పరిశ్రమలు


అతిముఖ్యమైన విషయము - నెంబర్ 1 మన రాష్ట్రము

ఆంధ్ర ప్రదేశ్
వ్యాపారములు పరిశ్రమలు ప్రారంభించండములో, చెయ్యడములో
సులువైన నెంబర్ 1 రాష్ట్రము
(వరల్డ్ బ్యాంకు గుర్తింపు – ర్యాంకింగ్)


అందరికి చెప్పండి

ఇక్కడ వ్యాపారములు, పరిశ్రమలు ప్రారంభించమని.

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27 June 2017

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Thursday, February 1, 2018

India - Foreign Trade Policy



2018

Budget 2018: Exports important to drive economic growth, agri-exports could increase to $100 billion
By Ananya Borgohain, ET Online Feb 01, 2018,

In 2017-18 exports clocked  12% growth. In the first 9 months,  $224 billion exports occurred. For the full year,  $300 billion of exports can take place.  Economic Survey 2017-2018 also identifies that exports can provide us extra growth in this year and next.

https://economictimes.indiatimes.com/small-biz/policy-trends/budget-2018-exports-important-to-drive-economic-growth-agri-exports-could-increase-to-100-billion/articleshow/62740483.cms



India Foreign Trade Policy 2015 - 2020


Highlights from the India Foreign Trade Policy 2015 - 2020

dgft.gov.in/exim/2000/highlight2015.pdf


Government of India
Ministry of Commerce & Industry
01-April-2015
Foreign Trade Policy 2015-2020 Unveiled

Two New Schemes – “Merchandise Exports From India Scheme” And “Services Exports From India Scheme” Introduced



The Foreign Trade Policy 2015-20 was unveiled today by Minister of Commerce & Industry Mrs. Nirmala Sitharaman.

The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister.  The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’.

 
The FTP Statement describes the market and product strategy and measures required for trade promotion, infrastructure development and overall enhancement of the trade eco system. It seeks to enable India to respond to the challenges of the external environment, keeping in step with a rapidly evolving international trading architecture and make trade a major contributor to the country’s economic growth and development.

FTP2015-20. introduces two new schemes, namely “Merchandise Exports from India Scheme (MEIS)” for export of specified goods to specified markets and “Services Exports from India Scheme (SEIS)” for increasing exports of notified services., in place of a plethora of schemes earlier.   Duty credit scrips issued under MEIS and SEIS and the goods imported against these scrips are fully transferable. For grant of rewards under MEIS, the countries have been categorized into 3 Groups, whereas the rates of rewards under MEIS range from 2% to 5%. Under SEIS the selected Services would be rewarded at the rates of 3% and 5%.

Measures have been adopted to nudge procurement of capital goods from indigenous manufacturers under the EPCG scheme by reducing specific export obligation to 75% of the normal export obligation. This will promote the domestic capital goods manufacturing industry.  Such flexibilities will help exporters to develop their productive capacities for both local and global consumption.  Measures have been taken to give a boost to exports of defense and hi-tech items.  At the same time e-Commerce exports of handloom products, books/periodicals, leather footwear, toys and customized fashion garments through courier or foreign post office would also be able to get benefit of MEIS (for values upto 25,000 INR).  These measures would not only capitalize on India's strength in these areas and increase exports but also provide employment.

Exports from SEZs had seen phenomenal growth, significantly higher than the overall export growth of the country.   In order to give a further boost to exports from SEZs, government has now decided to extend benefits of both the reward schemes (MEIS and SEIS) to units located in SEZs.  It is hoped that this measure will give a new impetus to development and growth of SEZs in the country.

Trade facilitation and enhancing the ease of doing business are the other major focus areas in this new FTP. One of the major objective of new FTP  is  to move towards paperless working in 24x7 environment.  Recently, the government has reduced the number of mandatory documents required for exports and imports to three, which is comparable with international benchmarks.  Now, a facility has been created to upload documents in exporter/importer profile and the exporters will not be required to submit documents repeatedly.  Attention has also been paid to simplify various ‘Aayat Niryat’ Forms, bringing in clarity in different provisions, removing ambiguities and enhancing electronic governance.

Manufacturers, who are also status holders, will now be enabled to self certify their manufactured goods in phases, as originating from India with a view to qualifying for preferential treatment under various forms of bilateral and regional trade agreements.  This “Approved Exporter System” will help these manufacturer exporters considerably in getting fast access to international markets.


 A number of steps have been taken for encouraging manufacturing and exports under 100% EOU/EHTP/STPI/BTP Schemes.  The steps include a fast track clearance facility for these units, permitting them to share infrastructure facilities, permitting inter unit transfer of goods and services, permitting them to set up warehouses near the port of export and to use duty free equipment for training purposes.

Considering the strategic significance of small and medium scale enterprise in the manufacturing sector and in employment generation, ‘MSME clusters’ 108 have been identified for focused interventions to boost exports. Accordingly, ‘Niryat Bandhu Scheme’ has been galvanized and repositioned to achieve the objectives of ‘Skill India’.  Outreach activities will be organized in a structured way at these clusters with the help of EPCs and other willing “Industry Partners” and “Knowledge Partners”.


http://pib.nic.in/newsite/PrintRelease.aspx?relid=117917


Points Made in the Book , National Policy Studies in the light of Ekatma Manav Darshan, Edited by Ravindra Mahajan, Published by Centre for Integral Studies & Research, Pune, 2013


Section 5.11 A Export Orientation

1. The economic activity is all sectors should be benchmarked against the best in the global market.
2. We should also try to take advantage of export opportunities available in the world markets. But becoming an export dependent economy would not be in our interest.

Section 5.21 Stress on International System

In the days ahead, we have to continue to place emphasis on multilateral efforts to establish instruments and norms that will enhance mutually beneficial economic cooperation among countries.


Updated 2018 - 2 January 2018

28 July 2017