It
helps to take stock of things once in a while. So here we are, analyzing Modi
government’s performance so far. Based on what stakeholders and analysts have
to say about this government, here’s a list of the 22 biggest achievements made
by the present government.
These
achievements include:
1.
Over 19 crore bank accounts created, 10 crore RuPay debit cards issued with
life cover and pension under the Pradhan Mantri Jan Dhan Yojna
2.
Corporate sector accepts the Swachch Bharat mission.
The
cause has not only garnered technical and financial help from the World Bank,
state governments have also shown their willingness to extend co-operation to
the national mission.
3.
Cooking gas now under direct-cash-benefit transfer scheme.
Going
by the Independence Day Speech delivered by PM Modi, India has already saved
Rs. 15,000 crore on cooking gas subsidy through DBTL (Direct cash benefit
transfer in liquefied petroleum gas) in 2015.
4.
Foreign equity in rail infrastructure allowed, without limit.
100
percent FDI has been allowed in areas such as high speed train systems,
suburban corridors and dedicated freight line projects. All of which is likely
to help the sector to overcome its cash crunch, which amounts to more than Rs.
29,000 crore.
5.
Along with this foreign equity in defence also raised to 49 percent from 26
percent prevailing previously.
The
move could provide further boost to imports of military hardware, which go upto
70% at present. 36 Rafale fighters being bought with several pending purchases
placed. The NDA government has cleared around 40 new defence acquisition
proposals worth Rs. 1 lakh crore. It has also revived several long-pending mega
projects, which have remained stuck in files for many years.
6.
The government has increased FDI cap for pension from 26% to 49%.
7.
The government has allowed banks to issue IPO/FPOs to raise funds.
This
has been done with a condition that government equity should remain 52% or more
Infrastructure investment trusts with tax benefits also given a go ahead nod
8.
100 smart cities.
In
April 2015, the Union Cabinet gave its nod to the government’s flagship 100
smart city project and the new urban renewal mission with a total outlay of Rs.
1 lakh crore.
9.
Successful conclusion of two rounds of coal block auctions.
Out
of a total of 204 coal blocks, 31 have been auctioned in two rounds, the
remaining to be auctioned soon.
10.
Passage of the new bill for regulation and development has ended the impasses
in mining sector.
11.
Successful conclusion of auctions for telecom spectrum for mobile and
broadband.
12.
Launch of several initiatives with focus on defence and electronics, primarily
to create more jobs.
notable
among them are launch of ‘Make In India,’ ‘Digital India’ and ‘Skill India.’
13.
Launch of Mudra Bank with a corpus of Rs. 20,000 crore, to lend between Rs.
50,000 and Rs. 10 lakh to small entrepreneurs, who provide employment to a
large number of people. Over 1lakh crores already distributed
14.
The government announced Rs. 69,500 crore (subject to market conditions) plan
to sell stakes in government companies
15.
Acceptance of the 14th Finance Commission recommendations on far-reaching
changes in sharing of revenues between and centre and state
16.
Single window clearance scheme for steel, coal, and power projects.
17.
To check inflation arising from agricultural deficiencies, the government has
set up a price stabilization fund.
18.
To increase the shelf life of farm produce, a warehouse infrastructure fund of
Rs. 5,000 crore has been set apart.
19.
The government has also set up a committee headed by Law Commission Chairman on
Minimum Alternate Tax (MAT) to look into the demands faced by foreign portfolio
investors on a case to case basis.
Comments
Post a Comment