Table of Contents - indiabudget.gov.in · 33. 57 National Scheduled Caste and Scheduled Tribe Hub...

1. 17 Pradhan Mantri Krishi Sinchai Yojana2. 18 Irrigation projects to be completed on fast track basis3. 19 Long Term Irrigation Fund4. 20 Sustainable management of ground water resources5. 21 Construction of ponds and Production of organic manure6. 22 Soil Health Card Scheme7. 23 Parampragat Krishi Vikas Yojana and Organic value Chain Development in North

East Region8. 24 Enhancement of Pulses production9. 25 Activities for improvement of Krishi Vigyan Kendras10. 26 Promotion of Unified Agriculture Marketing Scheme11. 28 Pradhan Mantri Gram Sadak Yozana12. 30 Ensuring adequate Credit to farmers13. 31 Prime Minister Fasal Bima Yojana14. 32 Improvement in agriculture products procurement15. 33 Activities for promotion of Animal Husbandry16. 34 Promotion of bee keeping activities17. 36 Increased Grant-in-aid to Gram Panchayats and Municipalities18. 37 Deen Dayal Antyodaya Mission19. 39 Shyama Prasad Mukherjee Rurban Mission20. 40 Village electrification21. 41 Fund to DDJY and Integrated Power Development22. 42 Swachh Bharat Mission23. 43 Reward to village to become free of open defecation24. 44 National Digital Literacy Mission25. 45 Modernisation of Land Records26. 46 Rashtriya Gram Swaraj Abhiyan27. 50 LPG connection to women members of poor households28. 52 Health protection scheme for poor and economically weak families29. 53 Prime Minister's Jan Aushadhi Yojana30. 54 Improvement in dialysis service31. 55 National Dialysis Services Programme32. 56 Stand Up India Scheme for SC/ST and woman33. 57 National Scheduled Caste and Scheduled Tribe Hub to promote entrepreneurship

in them34. 58 Skill development for Minorities35. 59 Education, Skills and Job creation36. 60 Opening of 62 New Navodaya Vidyalayas37. 61 Efforts for Indian Higher Educational Institutions to emerge them as world class

Institutions38. 62 Creation of Higher Education Financing Agency39. 63 Digital Depository for degree and certificates40. 64 Pradhan Mantri Kaushal Vikas Yojana41. 65 National Board for Skill Development42. 66 Entrepreneurship Education and Training43. 67 Employee Pension Scheme contribution for all new employees44. 68 Employment generation incentive45. 69 Establishment of Model Career Centres46. 70 Model Shops and Establishments Bill47. 72 Languishing Road Projects to be expedited48. 73 Steps for speeding up Roads and Highways construction49. 74 Outlay on roads and railways50. 75 Construction/up gradation of National Highways51. 77 Amendments in the Motor Vehicles Act52. 78 Modernisation of ports and Sagarmala Projects

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53. 79 Revival of unserved and underserved airports54. 80 Incentivise gas production55. 82 Augmentation of Investment in nuclear power generation56. 83 Mobilisation of additional finances for infrastructure sector57. 84 New initiatives to reinvigorate infrastructure sector58. 85 Reforms in FDI policy59. 86 The Duty drawback scheme to promote export60. 87 FDI in food processing industries61. 88 Financial management in Public Sector Enterprises62. 89 Re-naming of D/o Disinvestment to DIPAM63. 90 Financial Sector Reforms64. 91 Plan for revamping of Public sector Banks65. 92 Recapitalisation of Public Sector Banks66. 93 Bank Board Bureau67. 94 Speedier resolution of stressed assets68. 95 Pradhan Mantri Mudra Yozana69. 96 Nationwide rollout of ATMs and Micro ATMs in Post Offices70. 97 Listing of the general insurance companies in the stock exchanges71. 98 Good Governance72. 99 Rationalisation of human resources in various Ministries73. 100 Targeted disbursement of subsidies and financial assistance74. 101 Procurement of goods and services75. 102 Amendment in the Companies Act, 201376. 103 Buffer stock of pulses77. 104 Ek Bharat Shreshtha Bharat78. 105 Celebration of 70th Anniversary Independence79. 109 Done away the Plan and Non-plan classification80. 110 Improvement in the quality of Government expenditure81. 111 FRBM Act82. 114 Celebration of Birth Anniversary of Pandit Deen Dayal Upadhyay and Guru

Gobind Singh83. 117 Tax proposals84. 130 General Anti Avoidance Rules (GAAR)85. 152 Krishi Kalyan Cess86. 153 Infrastructure Cess87. 156 Clean Energy Cess88. 160 Income Disclosure Scheme89. 162 New Dispute Resolution Scheme90. 164 Done away with retrospective tax liability amendement91. 165 One time scheme of Dispute Resolution92. 166 Levy of heavy penalty for concealment of income93. 168 Time limit for disposing petitions of the tax payers94. 169 Instruction to grant stay of disputed demands95. 170 11 new benches of CESTAT96. 172 Amendment in the CENVAT Credit Rules, 200497. 174 Abolition of 13 cesses98. 176 Amendment in the provision for Non-resident without PAN99. 178 Reversal of input tax credits100 179 Amendment in the Customs Act101. 180 Indian Customs Single Window Project102. 181 The Customs Baggage Rules103. 182 Use of technology in taxation104. 183 E-assessment of Income tax105. 184 e-Sahyog106. 185 Interest for delay in Appellate order beyond ninety days107. 186 Shift from physical control to record based control for customs

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1 17 The 'Pradhan Mantri Krishi Sinchai Yojana' hasbeen strengthened and will be implemented inmission mode. 28.5 lakh hectares will bebrought under irrigation under this Scheme.

[Nodal Ministries/Departments:M/o Water Resources, GR & RD]

Accelerated Irrigation Benefit Programme (AIBP) andPradhan Mantri Krishi Sinchai Yojana (PMKSY), Har KhetKo Pani (HKKP) components are being implemented byMoWR, RD & GR.

PMKSY (AIBP)Initially the target under AIBP was 7.5 lakh hectare for theperiod 2015- 2020. Out of which 1.2 lakh hectare wastargeted to be achieved in year 2015-16. Against thesetargets, Irrigation potential of 2.47 lakh hectare has beenreported to be created during 2015-16.

During 2016-17, 99 ongoing MMI projects under AIBP wereidentified for completion by December, in phases whichwould ensure utilization of irrigation in 76.03 lakh hectare.23 priority-I projects with targeted potential of 14.53 lakhare planned to be completed by 2016-17. The fundingarrangement for these 99 projects (both Central share andState share) has been made through NABARD.

During 2016-17, against the budget of ` 824.90 crore,Central Assistance (CA) of ` 824.90 crore released toprioritized projects through budgetary sources. Further CAof ` 1308.2 crore has been released through NABARD.

PMKSY(HKKP)

Command Area Development and Water Management(CADWM)Target under CAD for 2015-2019 has been kept as 15 lakhhectare under PMKSY, out of which target for 2015-16 wasabout 2 lakh hectare. During 2015-16, CCA covered underCADWM was 5.71 lakh hectare.

During 2016-17, after prioritization of 99 projects forcompletion by December, 2019, CADWM targets have beenrevised for pari-passu implementation of CAD works in 99prioritized projects and funds for the same has beenarranged through NABARD.

During 2016-17, so far, CA of ̀ 691.75 crore has been releasedthrough NABARD to 12 prioritized projects for CAD works.

Surface Minor Irrigation (SMI)Target under SMI for 2015-2019 is 2.0 lakh hectare underPMKSY, out of which target for 2015-16 was 0.30 lakhhectare. Against this, a potential of 1.06 lakh hectare hasbeen created during 2015-16.

During 2016-17, CA of ̀ 148.004 crore has been released.The available budget has been fully utilized.

RRR of water bodiesTarget under RRR for 2015-2019 is 1.5 lakh hectare underPMKSY, out of which target for 2015-16 was 0.15 lakh

Budget Speech 2016-2017(1st February 2017)

S.No. Para Budget Announcement Status of ImplementationNo.

(Position reported as on 31 December 2016)

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hectare. Against this, a potential of 0.147 lakh hectare wascreated under RRR.

During 2016-17, funds could not be released under RRRdue to budgetary constraints. More funds have been soughtat RE/FE stage.

Work in progress

The Committee under the Chairmanship of Hon'ble Minister(WR), Chhattisgarh constituted for looking into issues relatedto PMKSY including prioritization of projects to be taken upfor completion in consultation with States identified 99projects (including phases in some projects) for completionby 2019-20 which would ensure utilization of irrigation in76.03 lakh hectare.

Out of these 99 projects, 23 priority-I projects with targetedirrigation potential utilization of 14.53 lakh hectare, areplanned to be completed by 2016-17 and another 31 priority-II projects with targeted irrigation potential utilization of 12.95lakh hectare are planned to be completed by 2017-18.Balance 45 priority-III projects with targeted irrigationpotential utilization of 48.55 lakh hectare are planned to becompleted by December, 2019.

The funding of Central Assistance has been approved tobe raised through NABARD. Further, State Shares (ifrequired by concerned States) for these projects has alsobeen approved to be raised through NABARD.

A Mission has been established on 7.9.2016 forimplementation for these projects. Memorandum ofAgreement has also been signed with NABARD on 6.9.2016for taking loan from it and operational guidelines for thesame have been issued.

The requisite permission for raising zero cost bonds of `6300 crore during 2016-17 has been conveyed to NABARDso as to keep interest rate for the States at about 6%.

In addition to Release of Central Assistance (CA) of ̀ 824.9crore to 16 AIBP projects, first tranche of CA of ` 832.73crore to 34 projects and 2nd tranche of CA of ̀ 475.74 croreto 9 projects through NABARD has been released during2016-17.

Further, CA for CAD works for 12 projects amounting to `691.75 crore has also been released through NABARD.

MoA for State share for Maharashtra, Gujarat, Manipur,Jharkhand and Madhya Pradesh have been signed. Stateshare of ` 463 crore to Gujarat and ` 756 crore toMaharashtra has been released and another ̀ 400 crore toMaharashtra is likely to be released shortly. Other Statesare in process of sending loan sanction proposals toNABARD.

2. 18 Implementation of 89 irrigation projects underAIBP, which have been languishing, will be fasttracked. This will help to irrigate 80.6 lakhhectares. These projects require ̀ 17,000 crorenext year and `86,500 crore in the next fiveyears. We will ensure that 23 of these projectsare completed before 31st March, 2017.

[Nodal Ministries/Departments:M/o Water Resources, GR& RD]

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3. 19 A dedicated Long Term Irrigation Fund will becreated in NABARD with an initial corpus ofabout `20,000 crore. To achieve all these, atotal provision of ̀ 12,517 crore has been madethrough budgetary support and marketborrowings in 2016-17.

[Nodal Ministries/Departments:D/o Financial ServicesM/o Water Resources, GR& RD]

4. 20 Simultaneously a major programme forsustainable management of ground waterresources has been prepared with an estimatedcost of `6,000 crore and proposed formultilateral funding.

[Nodal Ministries/Departments:M/o Water Resources, GR& RD]

5. 21 At least 5 lakh farm ponds and dug wells inrain fed areas and 10 lakh compost pits forproduction of organic manure will be taken upby making productive use of the allocationsunder MGNREGA.

[Nodal Ministries/Departments:M/o Rural Development]

6. 22 The Soil Health Card Scheme is now beingimplemented with greater vigour. Through this,farmers get information about nutrient level ofthe soil and can make judicious use offertilizers. The target is to cover all 14 crorefarm holdings by March 2017. `368 crore hasbeen provided for National Project on SoilHealth and Fertility. Besides, 2,000 model retailoutlets of Fertilizer companies will be provided

A long term irrigation fund has been created under NABARDfor these projects. An amount of ` 500 crore has beenprovided to NABARD as equity to leverage it for LTIF.Requirement of further equity for NABARAD has beenintimated to Department of Financial Services, Ministry ofFinance.

Work in progress

- do -Work in progress

National Ground Water Management ImprovementProgramme being implemented at a cost of ` 6000 crores,with World Bank assistance to enhance ground waterrecharge and improve water use efficiency, throughevidence based decision making and area specificframework for sustainable management; as well asstrengthening of Institutions to foster community based GWmanagement. Final EFC Note has been forwarded toMinistry of Finance.

Work in progress

The States in consultation with the Ministry has shared thetargets for works related to Farm Ponds and Vermi CompostNADEP Tanks in the Empowered Committee meetings heldfor discussing and scrutinizing the Labour Budget underMGNREGA for Financial Year 2016-17.

Vermi Compost/ NADEP-10.40 lakh

(0.95 lakh Vermi compost/NADEP works have beencompleted, works for 2.63 lakh Vermi compost/NADEPtanks are ongoing as on date).

Farm Ponds (Revised)- 8.82 lakh

(4.23 lakh Farm Ponds have been completed, work for 6.09lakh Farm Ponds are ongoing).

Work in progress

Department of Agriculture, Cooperation & FW:♦ Soil Health Card (SHC) Scheme is being

implemented since 2014-15.♦ Total Outlay for 12th Plan: `568.54 crore♦ So far, a sum of ̀ 96.03 crore has been released to

States.

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with soil and seed testing facilities during thenext three years. Fertilizer companies will alsoco-market city compost which increases theefficacy of chemical fertilizer. A policy forconversion of city waste into compost has alsobeen approved by the Government under theSwachh Bharat Abhiyan.

[Nodal Ministries/Departments:D/o Agriculture, Cooperation & FW,D/o Fertilizers]

Progress:

Soil Samples collected: 233.01 lakhSoil sample tested: 156.05 lakhSoil Health Cards issued 425.18 lakh

♦ Guidelines for establishment of soil testinglaboratories at village level have been issued.

Department of Fertilisers:

Setting up of 2000 model retail shop in 3 years:800 Model Fertilizer Retail shops have been opened till date.It is anticipated that the target of opening 2000 ModelFertilizer retail shops would be achieved within the stipulatedtime period.Policy on conversion of City waste into compost:

♦ The Government of India has approved a policy onpromotion of City Compost. A notification conveyingthe approval of the Government has been issuedon 10.2.2016 in which marketing developmentassistance of ` 1500/MT has been provided forscaling up production and consumption of citycompost.

♦ Concerned Ministries/Departments/Authoritieshave been requested to take appropriate action onactionable points contained in the notification.

♦ For co-marketing of City Compost, the tagging ofCities with fertilizer marketing companies for thepurpose of proper utilisation of City Compostproduced in the cities has been completed as perthe list provided by M/o Urban Development.

♦ A separate budget head has been created forrelease of Market Development Assistance (MDA)on sale of City Compost. For the period 2016-17, aprovision of ` 15 crore have been made.

♦ Operational guidelines for release of MDA on saleof City Compost have been issued on 03.06.2016.Revised operational guidelines have been issuedto all concerned on 10.10.2016.

♦ Manufacturing companies vide O.M. dated28.09.2016 issued by the Department of Fertilizershave been allowed for direct sale of city compostto farmers. The Department of Fertilizers is in theprocess of preparing guidelines for release of MDAto manufacturer on sale of city compost to thefarmers.

♦ The required software for routing of MDA throughFMS and mFMS (now iFMS) is operational.

♦ A joint Committee of Joint Secretaries ofDepartment of Fertilizers, Ministry of UrbanDevelopment and Department of Agriculture havebeen set up for coordination.

♦ The fertilizer Companies have adopted 100 villagesfor promoting the use of City Compost.

♦ State level steering Committee has been constitutedfor promotion of City Compost.

Work in progress

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7. 23 To increase crop yields in rain fed areas, whichaccount for nearly 55% of the country's arableland, organic farming is being promoted.Towards this end, the Government haslaunched two important schemes. First, the'Parmparagat Krishi Vikas Yojana' which willbring 5 lakh acres under organic farming overa three year period. Second, the Governmenthas launched a value chain based organicfarming scheme called "Organic Value ChainDevelopment in North East Region". Theemphasis is on value addition so that organicproduce grown in these parts find domestic andexport markets. A total provision of ̀ 412 crorehas been made for these schemes.

[Nodal Ministries/Departments:D/o Agriculture, Cooperation & FW]

8. 24 Incentives are being given for enhancement ofpulses production. ̀ 500 crores under NationalFood Security Mission has been assigned topulses. The number of districts covered hasbeen increased to 622.


9. 25 A national level competition will be held among674 Krishi Vigyan Kendras with a total prizemoney of`50 lakh to improve the efficiency andperformance of these Kendras.

[Nodal Ministries/Departments:D/o Agricultural Research & Education]

Paramparagat Krishi Vikas Yojana(PKVY)♦ PKVY (Organic farming scheme) envisages to

cover an area of 5 lakh acre in a period of 3 years(up to 2017-18). The target is to cover 10,000clusters of 50 acres each in 3 years. ` 10,000 peracre will be provided to farmers over 3 years.

♦ Progress in 2015-167186 clusters (3,59,300 acre) have been sanctioned

and ̀ 226.19 crore released to State Governments.♦ Progress in 2016-17BE of PKVY : ` 297 croreRE of PKVY : `200.00 croreRelease: `121.92 crore to 20 States.Remaining 2814 clusters (1,40,700 acre) will be

sanctioned.Mission Organic Value Chain Development for NE

Region♦ Mission Organic Value Chain Development for NE

Region" will be imlpemented in States of ArunachalPradesh, Assam, Manipur, Meghalaya, Mizoram,Nagaland, Sikkim and Tripura.

♦ Progress during 2015-16Allocation: ` 125 crore Release: ` 112.11 crore♦ Progress during 2016-17 Allocation : ` 100 crore Release: ` 31.22 crore

Work in progress

♦ Government has given priority to increasingproduction of pulses. More than 60% of the budgetunder National Food Security Mission (NFSM) isallocated for Pulses. The Department has adopteda 5 year roadmap (2016-17 to 2020-21) with a viewto achieve an annual pulse output of 24 million tonsby 2020-21.

♦ Total allocation for 2016-17: ̀ 1517.29 crore as on31.12.2016

♦ Release(as on 31.12.2016) for 2016-17 : ̀ 761.61crore

♦ Target for 2016-17: 20.75 MT♦ Total no. of Districts covered: 638 Districts of 29

states.

Work in progress

Department of Agricultural Research & Education/IndianCouncil of Agricultural Research has constituted two awards,the details of which are given as under;(i) One National Award "Pandit Deendayal UpadhyayaRashtriya Krishi Vigyan Prostahan Puraskar"For competition at national level, there will be one awardhaving prize money of Rs 25.00 lakh (` 20.00 lakh forinfrastructure development; 1.00 lakh for sharing among staffand ` 4.00 lakh for training the KVK staff).(ii) Eleven Zonal Awards at zonal level, "Pandit DeendayalUpadhyaya Kshethriya Krishi Vigyan Prostahan Puraskar".

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10. 26 Access to markets is critical for the income offarmers. The Government is implementing theUnified Agriculture Marketing Scheme whichenvisages a common e-market platform thatwill be deployed in selected 585 regulatedwholesale markets. Amendments to the APMCActs of the States are a pre-requisite to jointhis e-platform. I am happy to inform that 12States have already amended their APMC Actsand are ready to come on board. More Statesare expected to join this platform in the comingyear.The Unified Agricultural Marketing E Platform willbe dedicated to the Nation on the birthday of Dr.Baba SahebAmbedkar on 14th April this year.


11. 28 We are implementing the Pradhan MantriGramSadak Yojana (PMGSY) as never before. ThisScheme had suffered in the past because ofunderfunding. The allocations in 2012-13 and2013-14 were only `8,885 crore and `9,805crore respectively. We have substantiallyincreased the allocation in the last two yearsand have now allocated ̀ 19,000 crore in 2016-17. Together with States' share, totally about`27,000 crore will be spent on this Yojana in2016-17. Our goal is to advance the completiontarget of the programme from 2021 to 2019 andconnect the remaining 65,000 eligiblehabitations by constructing 2.23 lakh kms ofroads. Accordingly, the pace of constructionwhich is currently 100 kms per day, ascompared to the average of 73.5 kms during2011-14, will be substantially stepped up.

[Nodal Ministries/Departments:M/o Rural Development]

At Zonal level, there will be 11 awards one for each Zone ofKVKs. Each award will consist of award money of ` 2.25lakh (` 1.50 lakh for equipment development and ` 0.75lakh for training of the staff).The applications received from KVKs have been finalisedby the Award Judging Committee and approved by theCompetent Authority. These Awards will be conferred tothe winning KVKs during the forthcoming KVK Conference.

Work in progress

♦ The Scheme for National Agriculture Market wasapproved on 1.07.2015 for promoting trade on acommon online platform that would integrate 585wholesale regulated markets across the country byMarch 2018. A budget of ̀ 200 crore was providedunder this scheme.

♦ BE for 2016-17: 50 crore♦ Target for 2016-17: To integrate 400 markets with

the common e-platform.

As on 31.12.2016

♦ No. of markets on e-NAM platform is 250 acrossten states.

♦ Turnover: ` 7564.36 crore involving 36.80 MTquintal commodities.

Work in progress

♦ 9 States have been identified where major balancework remains; reviews have been done with ChiefSecretaries of 8 States out of 9 States, State wisemonthly and yearly completion targets have beenfixed. The Ministry has constituted teams to visitthe 9 States and closely review the status of pendingworks and progress made thereupon.

♦ During 2015-16 and 2016-17, the Ministry hassanctioned 10,894 roads and 723 Bridges covering44947.231 km of value ̀ 26421.3 crore in the statesof Kerala, Madhya Pradesh, Jharkhand, Punjab,Chhatisgarh, Gujarat, Rajasthan, HimachalPradesh, Odisha, Tamil Nadu, Haryana,Uttarakhand, J&K, Uttar Pradesh, Sikkim, Tripura,West Bengal, Arunachal Pradesh, Bihar, Assamand Mizoram.

♦ Currently proposals for 1,973 roads (483 bridges)to provide new connectivity to 1,760 habitationscovering 8906.26 km of length of ` 5589.98 valueis in the pipeline for clearance.

♦ The present status of eligible unconnectedhabitations is 56,943 (as compared to 65,000habitations in the announcement). Out of this,12,599 habitations are to be sanctioned and 44,344habitations are sanctioned but yet to be connected.

♦ The present status of balance kms to be constructed

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12. 30 Special focus has been given to ensureadequate and timely flow of credit to thefarmers. Against the target of ̀ 8.5 lakh crore in2015-16, the target for agricultural credit in2016-17 will be an all-time high of ̀ 9 lakh crore.To reduce the burden of loan repayment onfarmers, a provision of ̀ 15,000 crore has beenmade in the BE 2016-17 towards interestsubvention.

[Nodal Ministries/Departments:D/o Agriculture, Cooperation & FWD/o Financial Services]

13. 31 Government has approved the path breakingCrop Insurance Scheme, namely, PrimeMinister Fasal Bima Yojana. For effectiveimplementation of this Scheme, I have provideda sum of `5,500 crore in the Budget 2016-17.

[Nodal Ministries/Departments:D/o Financial Services,D/o Agriculture, Cooperation & FW]

14. 32 We have to ensure that the benefit of MSPreaches farmers in all parts of the country.Three specific initiatives will be taken up in2016-17 for this. First, the remaining States willbe encouraged to take up decentralizedprocurement. Second, an online ProcurementSystem will be undertaken through the FoodCorporation of India. This will usher intransparency and convenience to the farmersthrough prior registration and monitoring ofactual procurement. Third, effectivearrangements have been made for pulsesprocurement.

[Nodal Ministries/Departments:D/o Agriculture, Cooperation & FW,D/o Food & Public Distribution]

is 1,77,523.19 (as compared to 2,23,000 kms inthe Budget Announcements).

♦ The average per day construction target (2016-17)is 133 kms/day. Till January, 2017, achievementis 114 kms/day.

Work in progress

Department of Agriculture, Cooperation & Farmer'sWelfareThe Interest Subvention Scheme has been transferred fromthe Department of Financial Services to the Department ofAgriculture, Cooperation and Farmers' Welfare for itsimplementation from 2016-17 onwards. Approval of theCabinet has been obtained on 05.07.2016.

Total Budget Allocation: `̀̀̀̀15,000 croreAs on 31.12.2016Expenditure: `̀̀̀̀12,558.63 crore(`4127.72 crore has been released to NABARD for

settling pending claims of Regional Rural Banks (RRBs) andCooperative Banks (CBs). ̀ 8430.91 crore has been releasedto RBI for settling claims of scheduled commercial banks.

Balance in the Budget allocation: ` 2441.37 crore

Department of Financial Services:The region-wise and agency-wise agriculture credit targetshave been conveyed to RBI, NABARD, IBA and PSBs forthe year 2016-17

Work in progress

In PM Fasal Beema Yojana, ` 5500 crore in BE2016-17 and ` 13240.04 crore are allotted after 2ndsupplementary.

PMFBY was launched from Kharif 2016 in 21 Statesand 374.137 lakh farmers have been covered (provisionaldata) and 388.648 lakh hectare are insured with a sum of ̀141487.7 crore.

Work in progress

Department of Agriculture, Cooperation & Farmers'Welfare

♦ Department implements Price SupportScheme(PSS) for procurement of oilseeds, pulsesand cotton through Central Agencies viz. NAFED,SFAC, CWC, NCCF and FCI at the MinimumSupport Price(MSP) declared by the Government.

♦ This scheme is implemented at the request of theconcerned State Governments which agrees toexempt the procured commodities from levy ofmandi tax and assist central nodal agencies inlogistic arrangements including gunny bags, provideworking capital for state agencies, creation ofrevolving fund for PSS operations etc. as requiredunder the scheme guidelines.

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15. 33 Farmers also take up other allied activities tosupplement their family income. To makedairying more remunerative to the farmers, fournew projects will be taken up: first,the'Pashudhan Sanjivani', an animal wellnessprogramme and provision of Animal HealthCards ('Nakul Swasthya Patra'); second, anAdvanced breeding technology; third, Creationof 'E-Pashudhan Haat', an e market portal forconnecting breeders and farmers; and fourth,a National Genomic Centre for indigenousbreeds. These projects will be implemented ata cost of ̀ 850 crores over the next few years.

[Nodal Ministries/Departments:D/o Animal Husbandry, Dairying & Fisheries]

16. 34 There has been a visible rise in the yield ofhoney, from an average of18 to 20 kg per boxper annum in the year 2013-14 to 25 kg perbox per annum by 2015-16. The totalproduction of honey in the country hasincreased from 76,150 metric tonnes in 2014-15 to 86,500 metric tonnes. 90% of thedomestic honey is now exported.

[Nodal Ministries/Departments:D/o Agriculture, Cooperation & FW,]

♦ The basic objectives of PSS are to provideremunerative prices to the growers for their producewith a view to encourage higher investment &production and to safeguard the interest ofconsumers by making available supplies atreasonable prices with low cost of intermediation.

Department of Food & Public Distribution:States are being encouraged to take up DecentralisedProcurement System (DCP) for food grains. As on date, 14States are fully DCP and one State i.e Rajasthan is partiallyDCP. In KMS 2016-17, one State, i.e Maharashtra shall befully adopting DCP system while another state, Jharkhandwill be partially commencing DCP operation.FCI has developed an e-procurement module in the DepotOnline System to implement online procurement of foodgrains for KMS 2016-17. User testing has been done byFCI and software would be put to use in KMS 2016-17.All procuring states are being encouraged to adopt OnlineProcurement Management Systems (OPMS). 12 stateshave implemented OPMS in full, while another 3 states havepartially implemented OPMS. 3 other states are expectedto roll out shortly in 2016-17. In Assam, FCI will undertakee-procurement on its own from January, 2017.

Work in progress

The Department of Animal Husbandry, Dairying & Fisherieshas issued the administrative approval on 3.11.2016 forimplementation of the National Mission on Bovine Productivitywith an allocation of ̀ 825 crore over a period of three years.The Mission has four components, namely, Pashu Sanjivani,Advanced Breeding Technology, E-Pasudhan Haat-NakulPrajnan Bazar and National Bovine Genomic Centre forIndigenous Breeds. National Steering Committee and ProjectImplementation and Technical Committee has beenconstituted for implementing the Mission.

Action completed

♦ Yields of honey per colony with supers (20 frames)has increased to 25 kg per annum during the year2015-16.

♦ Similarly, the total production of honey hasincreased from 76,500 metric tons in 2014-15 to88,900 metric tons during the year 2015-16. During2016-17, 94,500 metric tons is estimated.

♦ More than 50% of total honey produced, or 75-80%of apiary honey, in the country is being exported tothe countries, viz.; USA, Saudi Arabia, Nepal,Canada, United Arab Emirates, Bangladesh, Libia,Kuwait, EU, etc.

♦ This has happened due to following new initiativesundertaken by Government of India throughNational Bee Board:

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17. 36 A sum of ̀ 2.87 lakh crore will be given as Grantin Aid to Gram Panchayats and Municipalitiesas per the recommendations of the 14th FinanceCommission. This is a quantum jump of 228%compared to the previous five year period. Thefunds now allocated, translate to an averageassistance of over ̀ 80 lakh per Gram Panchayatand over ̀ 21 crore per Urban Local Body. Theseenhanced allocations are capable oftransforming villages and small towns. Ministryof Panchayati Raj will work with the States andevolve guidelines to actualise this.

[Nodal Ministries/Departments:M/o Panchayati Raj]

18. 37 There is an urgent need to focus on areas ofdrought and rural distress. Every block in thesedistress areas will be taken up as an intensiveBlock under the Deen Dayal AntyodayaMission. Formation of Self Help Groups (SHGs)will be speeded up to promote multiplelivelihoods. Cluster Facilitation Teams (CFT)will be set up under MGNREGS to ensure waterconservation and natural resourcemanagement. These districts would also betaken up on priority under Pradhan Mantri KrishiSinchaii Yojna.

[Nodal Ministries/Departments:M/o Rural Development,M/o Water Resources, GR&RD]

i) Promotion of scientific beekeeping in the country.ii) Setting up of Integrated Beekeeping Development

Centres (IBDCs)/ Centres of Excellence (CoEs) onbeekeepers

iii) Registration of beekeepers. 6421 beekeepers/beekeeping & honey societies/ firms/ companiesetc. with 10.63 lakh colonies have been registered(as on 31st December, 2016).

iv) Facilitation in formation of societies/ groups (SHGs)of beekeepers.

v) Trainings and Seminars on scientific Beekeeping.vi) Creating awareness among the farmers and

beekeepers about the role of honeybees/ beekeeping in increasing production of various crops,including fruits, vegetables, oil seeds, pulses, etc.Further, for promotion and development of scientific

beekeeping in the country, the projects/schemes viz.Integrated Development of Scientific Beekeeping (IDSB)have been proposed/approved for their implementationunder various schemes, viz. Rashtriya Krishi Vikas Yojana(RKVY), National Food Security Mission (NFSM), etc.

Work in progress

Generic guidelines have been issued for utilisation of FFCgrants within Gram Panchayat Development Plans providedto States. State specific guidelines for all 26 states receivingFFC grants have also been issued.

Action completed

Ministry of Rural Development:♦ For Districts under PMKSY, all the States advised

to give preference to drought affected Districts inpreparation of District Implementation Plans (DIPs).

♦ 235 No. of DIPs prepared.DAY-NRLM♦ Letter has been issued to all the States wherein it

has been informed that more emphasis should begiven on areas of drought and rural distress whilepreparing the Annual action Plan 2016-17.

♦ DAY-NRLM is being implemented in 1162 out of1562 blocks under intensive strategy and 21 blocksunder non-intensive strategy.

♦ Mahila Kisan Sashaktikaran Pariyojana is beingimplemented in 1034 blocks.

♦ RSETIs are skilling youth for self-employment in

10



19. 39 300 Rurban Clusters will be developed underthe Shyama Prasad Mukherjee Rurban Missionlaunched by the Honourable Prime Ministerrecently. These Clusters will incubate growthcentres in rural areas by providing infrastructureamenities and market access for the farmers.They will also expand employmentopportunities for the youth.

[Nodal Ministries/Departments:Department of Rural Development]

20. 40 As on 1st April, 2015, a total of 18,542 villageswere not electrified. The Honourable PrimeMinister, in his address to the Nation on 15thAugust, 2015 announced that the remainingvillages will be electrified within the next 1000days.

[Nodal Ministries/Departments:M/o Power

21. 41 As on 23rd February, 2016, 5542 villages havebeen electrified. This is more than the totalcombined achievement of previous three years.The Government is committed to achieve 100%

87 out of these 100 Districts.♦ States have been advised to set up Cluster

Facilitation Team (CFTs) under MGNREGA inthese drought affected and rural distress Districts.Currently, CFT Project is operational in 207 blocksin 9 States namely, Andhra Pradesh, Bihar,Chhattisgarh, Jharkhand, Maharashtra, Odisha,Rajasthan, Telengana and West Bengal.

♦ Ministry of Rural Development is regularly followingup with the States. Presently, CFT projects areoperational in nine States in 207 Blocks.

Ministry of Water Resources,River Development & Ganga RejuvenationOut of 99 prioritised projects under AIBP, 56 projects benefitthe drought prone areas in the country. Further, States havebeen requested to prioritise the projects under PMKSY whileincluding under District Irrigation Plans (DIPs) in thefollowing chronology:♦ Drought prone area,♦ Critical Ground Water Blocks,♦ Tribal and hilly areas, left wing extremism area, etc.

Work in progress

In the first Phase of the mission, 100 Rurban clusters havebeen identified and approved in 28 States. The IntegratedCluster Action Plans, the blue prints of development forthese clusters have been prepared and submitted by 22States for 73 Rurban clusters and have been approved. Atpresent, ̀ 404.74 crore has been released, out of allocated` 600 crore and work in these clusters have been alreadycommenced on the ground. The remaining 6 states arepreparing their plans and in advance stage of submittingthe same to the Ministry. This will ensure timely inceptionof work at ground for all 98 clusters approved in Phase-I ofthe mission. States are also now identifying second batchof another 100 Rurban clusters under phase-II of theMission. So far, 44 clusters have been approved. All phase-II clusters would be approved by the end of February, 2017.

Work in progress

Out of total 18452 un-electrified villages, 11,327 villageselectrified up to 19.12.2016 (61.38%).

Work in progress

♦ Government of India has set targets of electrificationin a phased manner of completion by 1st May, 2018.

♦ During 2015-16, against the target of 5686 villages,

11



village electrification by 1st May, 2018. ̀ 8,500crore has been provided forDeendayalUpadhayaya Gram JyotiYojna andIntegrated Power Development Schemes.

[Nodal Ministries/Departments:M/o Power]

22. 42 Swachh Bharat Mission is India's biggest driveto improve sanitationand cleanliness, especiallyin rural India. This subject was very close tothe heart of the Father of the Nation. For thefirst time since independence, the Parliamentheld a comprehensive debate on sanitation.This has become a topic of discussion in almostevery home. We have introduced ranking ofurban areas in sanitation which has resulted inconstructive competition among towns andcities. ` 9,000 crore has been provided forSwachh Bharat Abhiyan.[Nodal Ministries/Departments:M/o Drinking Water & Sanitation]

23. 43 In order to continue this momentum, priorityallocation from Centrally Sponsored Schemeswill be made to reward villages that havebecome free from open defecation.

[Nodal Ministries/Departments:M/o Drinking Water & Sanitation]

24. 44 We need to derive greater benefit from ourdemographic advantage. We need to spreaddigital literacy in rural India. Of the 16.8 crorerural households as many as 12 crorehouseholds do not have computers and areunlikely to have digitally literate persons. Wehave already approved two Schemes topromote digital literacy: National Digital LiteracyMission; and Digital Saksharta Abhiyan(DISHA). We now plan to launch a new DigitalLiteracy Mission Scheme for rural India to coveraround 6 crore additional households within thenext 3 years. Details of this scheme will be speltout separately.[Nodal Ministries/Departments:M/o Electronics & IT]

7108 villages have been electrified.♦ In 2016-17 against the target of 8360 villages, as

on 19.12.2016, 4219 villages have been electrified.♦ Entire amount of ̀ 4500 crore allotted for DDUGJY

during 2015-16 released by Ministry of Power toRural Electrification Corporation (REC).

♦ As against Budget Allocation of ̀ 8500 crore underDDUGJY & IPDS. ` 5448.03 crore has beenreleased as on 26.12.2016.

Action partially completed

♦ During the year 2016-17, against BE of ̀ 9000 crore,`6917.26 crore has been utilised as on 8.12.2016.

♦ Against target of 1.50 crore household latrines for2016-17, 110.58 lakh toilets have been constructedas on 8.12.2016.

♦ 66 Districts, 702 Blocks, 56769 Gram Panchyatsand 126900 Villages have been declared OpenDefecation Free (ODF) as on 8.12.2016

♦ Ministry of Drinking Water & Sanitation has carriedout "Swach Survekshan - Gramin 2016" surveythrough Quality Council of India. The report of theSurvey was released on 8.9.2016

♦ Village Swachhata Index has been defined tomeasure the cleanliness level of villages. Thisincludes factors like access to safe toilets and alsowhether there is visible cleanliness aroundhouseholds and public places. The IMIS enablesvillages to determine their own Village SwachhataIndex in a Gram Sabha and take steps to improvetheir cleanliness level.

Work in progress

♦ Letters have been written to all State Governmentsand concerned Central Ministries and Departmentsto prioritise their programmes in ODF villages.

♦ Ministry of Finance has issued letter to 17 CentralMinistries/Departments to prioritise theirprogrammes in ODF villages

Work in progress

The EFC, in its meeting held on 6th July, 2016, hasrecommended a proposal, titled, 'Pradhan Mantri GraminDigital Saksharta Abhiyan (PMGDISHA)' for providing Digitalliteracy to 6 crore beneficiaries from rural India in a periodof 3 years with a total outlay of `2351.38 crore.The Draft Note for the Cabinet for this scheme has beenfinalised and circulated for comments.

Work in progress

12



25. 45 Modernisation of land records is critical fordispute free titles. The National Land RecordModernisation Programme has been revampedunder the Digital India Initiative and will beimplemented as a Central sector scheme witheffect from 1st April, 2016. The revampedProgramme will build an integrated landinformation management system. `150 crorehas been provided for this purpose.

[Nodal Ministries/Departments:D/o Land Resources]

26. 46 Panchayat Raj Institutions need to developgovernance capabilities to deliver on theSustainable Development Goals. It is,therefore, proposed to launch a newrestructured scheme, namely, Rashtriya GramSwaraj Abhiyan, for which`655 crore is beingset apart in 2016-17.

[Nodal Ministries/Departments:M/o Panchayati Raj]

27. 50 We have decided to embark upon on a massivemission to provide LPG connection in the nameof women members of poor households. I haveset aside a sum of `2,000 crore in this year'sBudget to meet the initial cost of providing theseLPG connections. This will benefit about 1 crore50 lakh households below the poverty line in2016-17. The Scheme will be continued for atleast two more years to cover a total of 5 croreBPL households. This will ensure universalcoverage of cooking gas in the country. Thismeasure will empower women and protect theirhealth. It will reduce drudgery and the timespent on cooking. It will also provideemployment for rural youth in the supply chainof cooking gas.

[Nodal Ministries/Departments:M/o Petroleum & Natural Gas]

28. 52 Catastrophic health events are the single mostimportant cause of unforeseen out-of-pocketexpenditure which pushes lakhs of householdsbelow the poverty line every year. Seriousillness of family members cause severe stresson the financial circumstances of poor andeconomically weak families, shaking the

The Digital India Land Records Modernization Programme(DILRMP) is being implemented as a 100% centrally-fundedscheme with effect from 2016-17. So far, financial sanctionsfor `11.72 crore have been released to the States / UTs infinancial year 2016-17.Computerisation of records of rights; digitization of cadastralmaps; integration of record of rights (textual) and cadastralmaps (spatial), computerization of registration; connectivitybetween sub-registrar offices and tehsil/revenue offices andintegration of registration and land records are inter aliabeing undertaken under the DILRMP.30 Districts in 18 States have been identified in consultationwith the States for priority attention in 2016-17 towardsintegration of registration of land records. An all-encompassing comprehensive pilot project for both ruraland urban areas in the UT of Chandigarh has been initiatedon 31.05.2016.

Work in progress

RGSA guidelines have been prepared and the draft onRGSA scheme is ready for discussion with NITI Ayog andPMO.

Work in progress

Implemented. As against the target of release of 1.5 croreLPG connections during 2016-17, more than 1.44 croreconnections have been released under the scheme in 35States/UTs including 653 Districts. Out of the 653 Districts,550 Districts have been issued at least one connection ineach District, as on 22.12.2016.

Action completed

The Senior Citizen Health Insurance Scheme (SCHIS) hasbeen rolled out w.e.f. 1.4.2016 in States where RSBY isbeing implemented.With regard to providing health cover of ` 1,00,000/- perfamily, new Health Protection Scheme is proposed to belaunched. Series of meeting at the level of Cabinet Secretaryand PMO are being held to finalize contours of the scheme.

13



foundation of their economic security. In orderto help such families, the Government willlaunch a new health protection scheme whichwill provide health cover up to ` One lakh perfamily. For senior citizens of age 60 years andabove belonging to this category, an additionaltop-up package up to ̀ 30,000 will be provided.

[Nodal Ministries/Departments:D/o Financial ServicesD/o Health & Family Welfare]

29. 53 Making quality medicines available at affordableprices has been a key challenge. We willreinvigorate the supply of generic drugs. 3,000Stores under Prime Minister's Jan AushadhiYojana will be opened during 2016-17.

[Nodal Ministries/Departments:D/o Pharmaceuticals]

30. 54 About 2.2 lakh new patients of End Stage RenalDisease get added in India every year resultingin additional demand for 3.4 crore dialysissessions. With approximately 4,950 dialysiscentres in India, largely in the private sectorand concentrated in the major towns, thedemand is only half met. Every dialysis sessioncosts about ̀ 2,000 - an annual expenditure ofmore than ̀ 3 lakh. Besides, most families haveto undertake frequent trips, often over longdistances, to access dialysis services, incurringheavy travel costs and loss of wages.

31. 55 To address this situation, I propose to start a'National Dialysis Services Programme'. Fundswill be made available through PPP modeunder the National Health Mission, to providedialysis services in all district hospitals. Toreduce the cost, I propose to exempt certainparts of dialysis equipment from basic customsduty, excise/CVD and SAD.

[Nodal Ministries/Departments:Department of Health & Family Welfare]

32. 56 Scheduled Caste and Scheduled Tribeentrepreneurs are beginning to show greatpromise in starting and running successfulbusiness enterprises. The Prime Minister hadgiven a call for promoting entrepreneurshipamong SC/ST to become job providers rather

Prime Minister in his speech on 70th Independence Dayannounced an important scheme for poor families whereinthis Government will provide coverage up to 1 lakh per yearfor medical facilities.Cabinet Note on National Health Protection Scheme (NHPS)has been forwarded to Cabinet Secretariat on 25.10.2016,for consideration of the Cabinet.

Work in progress

Jan Aushadhi Scheme has now been renamed as "PradhanMantri Bhartiya Janaushadhi Pariyojana" (PMBJP) andaccordingly, Jan Aushadhi Stores as "Pradhan MantriBhartiya Janaushadhi Kendra" (PMBJK).Department of Pharmaceuticals has intensified its effortsto achieve the target of opening of PMBJKs. During 2016-17, ̀ 35.00 crores have been released to Bureau of Pharma,a PSU of Government of India, for implementation of theScheme and achieving the set target. So far, 683 PMBJKshave been opened in the country. The basket of productshas reached a level of more than 600 medicines and 154surgicals and consumables.

Work in progress

To be read with para no. 55

The Ministry, after extensive consultations with the StateGovernments and experts, finalized the National DialysisProgramme guidelines and has shared the same with theStates. All States were immediately requested to incorporateproposals for roll out of National Dialysis Programme in theirProgramme Implementation Plans for 2016-17.

Approval has been accorded to all States and so far, anamount of `15325.20 lakh has been approved for thePradhan Mantri National Dialysis Services.


The Stand Up India Scheme was launched by Hon'ble PrimeMinister on 5th April, 2016.Banks have been apprised of the guidelines of the scheme.Follow up is being undertaken continuously.So far, an amount of ` 1623.84 crore has been disbursedby banks to 16021 beneficiaries.

14



than job seekers. I am happy to inform you thatthe Union Cabinet has approved the "Stand UpIndia Scheme" to promote entrepreneurshipamong SC/ST and women. ` 500 crore hasbeen provided for this purpose. The Schemewill facilitate at least two such projects per bankbranch, one for each category of entrepreneur.This will benefit at least 2.5 lakh entrepreneurs.

[Nodal Ministries/Departments:Department of Financial ServicesM/o Social Justice & Empowerment]

33. 57 We are celebrating the 125th Birth Anniversaryof Dr. B.R. Ambedkar. This must become theYear of Economic Empowerment for SC/STentrepreneurs. We have extensively interactedwith the Dalit India Chamber of Commerce andIndustry on building an entrepreneurship eco-system. It is proposed to constitute a NationalScheduled Caste and Scheduled Tribe Hub inthe MSME Ministry in partnership with industryassociations. This Hub will provide professionalsupport to Scheduled Caste and ScheduledTribe entrepreneurs to fulfil the obligationsunder the Central Government procurementpolicy 2012, adopt global best practices andleverage the Stand Up India initiative.

[Nodal Ministries/Departments:MSME,M/o Social Justice & Empowerment]

34. 58 The schemes for welfare and skill developmentfor Minorities such as Multi-sectoralDevelopment Programme and USTAAD shallbe implemented effectively.

[Nodal Ministries/Departments:M/o Minority Affairs]

` 500 crore has been released to National Credit GuaranteeTrust Company (NCGTC) on 30.6.2016.

Action completed

National Scheduled Caste and Scheduled Tribe Hub hasbeen set up. The Hub was launched by the Prime Ministeron 18.10.2016. The Hub will be implemented throughNational Small Industries Corporation Limited, a PSU underMSME.

Action completed

Multi-sectoral Development Programme (MsDP)♦ Under MsDP, during 2016-17 new projects worth

Rs 546.59 crore has been approved and funds tothe tune of ̀ 426.06 crore has been released to theState Govts. as both 1st and 2nd instalment as on30.11.2016.

♦ DO letters from Secretary (MA) to Chief Secretariesof all States with a request to furnish UtilizationCertificates (UCs), Quarterly Progress Reports(QPRs) and project proposals for the balanceallocated amount under MsDP have been sent on13.07.2016 and 07.12.2016.

♦ Constant interactions with the State Governmentsare being made through Empowered Committeemeetings, telephonically and visit of officials toexpedite the pending issues.

USTTAD♦ For effective implementation of USTTAD

(Upgrading the Skills and Training in TraditionalArts/ Crafts for Development) the Ministry hasengaged National Institute of Design (NID), NationalInstitute of Fashion Technology (NIFT) and IndianInstitute of Packaging (IIP) as Knowledge Partnersunder USTTAD. These Knowledge Partners willintervene in the minority clusters for: (a)design

15



35. 59 Education, Skills and Job CreationI would now like to highlight the steps proposedto be taken undereducation, skill developmentand job creation which is the fourth pillar of myBudget proposals.

36. 60 EducationAfter universalisation of primary educationthroughout the country, we want to take the nextbig step forward by focusing on the quality ofeducation. An increasing share of allocationunder Sarva Shiksha Abhiyan will be allocatedfor this. Further, 62 new Navodaya Vidyalayaswill be opened in the remaining uncovereddistricts over the next two years.

[Nodal Ministries/Departments:D/o School Education & Literacy]

intervention, (b) product range development,(c)packaging, (d)exhibitions, fashion shows andpublicity through media, (e) tying up with e-marketing portals for increased sales and (f) brandbuilding, in order to preserve and develop traditionalarts/crafts.

♦ National Minorities Development and FinanceCorporation (NMDFC) has organized 7 exhibitionsto support participation of minority craftsmen/artisans under USTTAD Shilp Utsav component ofthe scheme..

♦ An event showcasing design development underUSTTAD was organized in Varanasi on 30.4.2016wherein the prototypes of 4 identified craft clustersof Jamdani, Stone Carving, Banaras Brocade andWooden Toys were launched.

♦ For implementation of training in Traditional Skills,the empanelment of 38 Project ImplementingAgencies (PIAs) in 11 States for traditional Crafts/Arts are under finalization.A project of "Hunar Haat" amounting to ̀ 1.74 crore

to promote the traditional crafts/arts being practiced byminority communities under the brand USTTAD has beenapproved.

Work in progress

To be read with para No. 60

Sarva Shiksha Abhiyan:For the financial year 2016-17, the Project Approval Board(PAB) of the Sarva Siksha Abhiyan (SSA) decided that 10%of the total outlay shall be utilized for quality related initiativesalone under the SSA as against approximately 6% inprevious years. Accordingly, activities related to qualityinterventions through SSA have been approved in theAnnual Plans for all States and UTs.To enable this, the Department has categorized allinterventions under the SSA in three categories whereCategory II is related to interventions for improvement inquality and learning outcomes. These include TeacherTraining, Academic Support through BRC/CRC, LearningEnhancement Programme (LEP), Innovation fund for CAL,Library, Teacher Grant, TLE for New Schools, Transport/Escort facility, Special Training for Age appropriateadmission of OoSC, Innovation, Community Mobilizationand SMC Training.While releasing the funds under SSA, all States and UTshave been advised through the sanction order to ensurethat at least 10% of the total expenditure of the State/UT forthe current year is on quality interventions as listed inCategory II. Further, all States and UTs have been givenspecific commitments focused on improvement in learning

16



37. 61 It is our commitment to empower HigherEducational Institutions to help them becomeworld class teaching and research institutions.An enabling regulatory architecture will beprovided to ten public and ten privateinstitutions to emerge as world-class Teachingand Research Institutions. This will enhanceaffordable access to high quality educationforordinary Indians. A detailed scheme will beformulated.

[Nodal Ministries/Departments:Department of Higher Education]

38. 62 We have decided to set up a Higher EducationFinancing Agency (HEFA) with an initial capitalbase of ̀ 1,000 crores. The HEFA will be a not-for-profit organisation that will leverage fundsfrom the market and supplement them withdonations and CSR funds. These funds will beused to finance improvement in infrastructurein our top institutions and will be servicedthrough internal accruals.


39. 63 To help Students, Higher Education Institutionsand Employers to access degree certificates

outcomes during the finalization of their Annual Plans underSSA for 2016-17.Navodaya Vdyalaya:Expenditure Finance Committee (EFC) in its meeting heldon 19.07.2016 has recommended the proposal for openingof 62 Jawahar Navodaya Vidyalayas (JNVs) in theuncovered Districts of the country. The Cabinet Committeeon Economic Affairs, in its meeting held on 23.11.2016, hasapproved the proposal for setting up of 62 new JNVs in thecountry.

Action completed

A draft UGC (Declaration of Educational Institutions asWorld Class Institutions) Guidelines 2016 was prepared forproviding enabling regulatory architecture to 10 public and10 private institutions to emerge as World Class Teachingand Research Institutions.As per the guidelines, regulatory architecture, the eligibilitycriteria, the process of selection monitoring, etc for privateinstitutions would be as per Regulations to be framed bythe UGC for the purpose which shall be called the UGC(World Class Institutions deemed to be Universities)Regulations 2016.A draft UGC (World Class Institutions deemed to beUniversities) Regulations 2016 has also been drafted.The Draft Guidelines and the Regulations was referred toDepartment of Legal Affairs for opinion. D/o LA referred thematter to Solicitor General. Based on the opinion of SolicitorGeneral, the Draft Guidelines and the Regulations weremodified.Both the drafts were put for public consultations. The inputsreceived in Public Consultation are in the process ofcompilation.Based on the inputs from Public consultations the DraftGuidelines and the Regulations shall be finalized.Since, upgrading Public Educational Institutions to WorldClass Institutions will have financial repercussion, thereforeafter the finalizing the guidelines and Regulations, EFCfollowed by Cabinet approval shall be sought.Thereafter, Notification of Guidelines and the Regulationsshall be issued.

Work in progress

The Cabinet has approved the establishment of HEFA.Canara Bank has been identified and appointed as 'JointVenture Partner/'Promoter' for establishment of HEFA. Theletter of Intent to this effect has also been issued to CanaraBank on 29.12.2016.

Work in progress

The Union Cabinet, in its meeting held on 27.10.2016 hasaccorded its approval to establish and operationalise the

17



of candidates, it is proposed to establish aDigital Depository for School LeavingCertificates, College Degrees, AcademicAwards and Mark sheets, on the pattern ofa Securities Depository. This will help validatetheir authenticity, safe storage and easyretrieval.


40. 64 Skill Development"Skill India" mission seeks to capitalise ourdemographic advantage. Since its launch, theNational Skill Development Mission has createdan elaborate skilling eco-system and impartedtraining to 76 lakh youth. We want to bringentrepreneurship to the doorsteps of youththrough Pradhan Mantri Kaushal Vikas Yojana(PMKVY). We have decided to set up 1500MultiSkill Training Institutes across the country. I amsetting aside an amount of `1,700 crore forthese initiatives.

[Nodal Ministries/Departments:M/o Skill Development & Entrepreneurship]

41. 65 We have decided to set up a National Boardfor Skill Development Certification inpartnership with the industry and academia. Wepropose to further scale up Pradhan MantriKaushal Vikas Yojna to skill one crore youthover the next three years.


42. 66 Entrepreneurship Education and Training willbe provided in 2200 colleges, 300 schools, 500Government ITIs and 50 Vocational TrainingCentres through Massive Open OnlineCourses. Aspiring entrepreneurs, particularly

National Academic Depository (NAD).Consequent to the Cabinet's approval, the Department ofHigher Education has designated University GrantsCommission (UGC) as an authorised body to enter into atripartite agreement on behalf of all Central HigherEducational Institutions, Institutions of National Importanceand Boards with the NSDL, Database Management Limitedand CDSL Ventures Limited for the purpose of establishmentof NAD comprising of two interoperable digital depositories.A National Steering Committee (NSC) under theChairmanship of Secretary, Higher Education has also beenconstituted to oversee the implementation of the project ofNational Academic Depository. The 1st Meeting of the NSCwas held on 9.11.2016.

Action completed

Government has modified the guidelines of Pradhan MantriKaushal Vikas Yojana (PMKVY) for four years from 2016-2020 to make it more effective, transparent and beneficiaryoriented. Modification of the scheme was done on the basisof plethora of suggestions received from variousstakeholders and inter-ministerial consultation.The modified PMKVY (2016-2020) enables a large numberof Indian youth to take up industry-relevant skill training forsecuring employment and a better livelihood under threekey components namely; fresh training Recognition of PriorLearning (RPL) and special project. The objective of thisScheme is to encourage and promote Skill Developmentby aligning itself with Common Norms in terms of ensuringstandardization and consistency in the structure of skilltraining across India. The salient features of the schemeincludes NSFQ based quality assurance framework, marketrelevant training programmes, recognition of prior learning,curriculum alignment, national certification, employableskills, placements etc. This scheme promotes inclusivelywith the objective to safeguard the skilling needs ofdifferently abled persons as well as living in difficultgeographical pockets.PMKVY has target to provide skilling to one crore people(60 lakh under Fresh Training and 40 lakh under RPL) overthe four years (2016-20) with an outlay of ` 12,000 crore.

Work in progress

EFC is under circulation.Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Schemehave been approved and notified on 13.07.2016. Schemehas targeted to provide skilling to 1 crore people over the 4year (2016-20) with an outlay of ` 12,000 crore.

Work in progress

♦ The Scheme formally christened as Pradhan MantriYUVA (Yuva Udyamita Vikas Abhiyan) Yojana andlaunched in November, 2016.

♦ The Institutions for housing the National E-hub and5 Regional E-hubs under scheme, identified.

18



those from remote parts of the country, will beconnected to mentors and credit markets.


43. 67 Job CreationIn order to incentivize creation of new jobsin the formal sector, Government of Indiawill pay the Employee Pension Schemecontribution of 8.33% for all new employeesenrolling in EPFO for the first three yearsof their employment. This will incentivize theemployersto recruit unemployed persons andalso to bring into the books the informalemployees. In order to channelize thisintervention towards the target group of semi-skilled and unskilled workers, the scheme willbe applicable to those with salary up to ̀ 15,000per month. I have made a budget provision of`1,000 crore for this scheme.[Nodal Ministries/Departments:M/o Labour & Employment]

44. 68 Further, the Finance Bill, 2016 proposes tobroaden and liberalize the scope of theemployment generation incentive availableunder Section 80JJAA of the Income Tax Act.The deduction will be available not only toassessees deriving income from manufactureof goods in a factory but to all assessees whoare subject to statutory audit under the Act.Thus, a deduction of 30% of the emolumentspaid to such employees can be claimed forthree years. The minimum number of days forwhich they should be employed during the yearis proposed to be reduced from 300 to 240 days.No deduction will, however, be admissible inrespect of employees whose monthlyemoluments exceed `25,000. Also, nodeduction will be admissible in respect ofemployees for whom the Government is payingthe entire EPS contribution.

[Nodal Ministries/Departments:D/o Revenue]

♦ The Agreements with the Wadhwani OperatingFoundation (WOF), the Knowledge Partner, inrespect of its contribution under the Scheme, beingfinalized.

♦ A total of 260 Projects Institutes of differentcategories, empanelled so far.

♦ The process of empanelling another about 100Institutions and 139 Government Industrial TrainingInstitutes underway.

♦ The National Project Director, E-Hubs has beenselected.

♦ The recruitment process for other Positions at theNational E-hub for 2016-17 is under process.

♦ The selection of Organisations constitutingMonitoring and Evaluation Unit and FinancialManagement Unit is under progress.

Work in progress

The guidelines for implementation of scheme were finalizedin consultation with Ministry of Finance and released on09th August, 2016. EPFO has got the software developedfor implementation of the Scheme and is now currentlyoperational for direct benefits to employers. A fewemployers have already claimed benefits under the schemein the reimbursement mode. A sum of ` 124.9 crore hasbeen transferred to EPFO for the PMRPY scheme and ̀ 30crore transferred to EPFO from MoLE funds for the textilecomponent (PMRPY scheme of Ministry of Textiles) withinthe overall budgetary allocation of M/o Labour &Employment.

Work in progress

Necessary amendments in the Income Tax Act has beenmade through Finance Act, 2016

Action completed

19



45. 69 A National Career Service was launched inJuly, 2015. Already 35 million jobs seekershave registered on this platform. We proposeto make Model Career Centres operational bythe end of 2016-17. We also propose to inter-link State Employment Exchanges with theNational Career Service platform.

[Nodal Ministries/Departments:M/o Labour & Employment]

46. 70 Retail Trade is the largest service sectoremployer in the country. Many more jobs canbe created in this sector, provided theregulations are simplified. If Shopping Malls arekept open all seven days of the week, why notthe small and medium shops? These shopsshould be given the choice to remain open onall seven days of the week on voluntary basis.The interest of the workers in terms of mandatoryweekly holiday, number of working hours perday, etc., of course, have to be protected. Wepropose to circulate a Model Shops andEstablishments Bill which can be adopted by theState Governments on voluntary basis.

[Nodal Ministries/Departments:M/o Labour & Employment]

47. 72 In the road sector, there were more than 70projects that were languishing at the beginningof the year, due to legacy factors. Aggregatelength of these projects was about 8,300 kmsinvolving more than `1 lakh crore investment.With exemplary and proactive interventions,nearly 85% of these projects have been putback on track.

48. 73 India's highest ever kilometres of new highwayswere awarded in 2015. At the same time, India's

The Inter-Ministerial Appraisal Committee had approved 103Model Career Centres (including 7 without any fundingrequirement) and funds have been released to all thecentres. 45 Model Centres are functional with a youngprofessional deployed in each. The States are being pursuedfor operationalization of the remaining Centres. Letters havebeen sent from Secretary (L&E) to State Secretaries ofLabour & Employment to expedite operationalization.The Scheme guidelines for interlinking employmentexchanges to the NCS and for organizing job fairs wascirculated to States. Proposals from 16 states have beenprocessed for release of funds. Supplementary funds arebeing sought at RE stage for release to other States. TheMinistry has organized 100 job fairs at its field offices sinceApril, 2016.

Work in progress

The bill has been circulated to all states. The adoption of theBill is voluntary in nature as per the requirement of the States/UTs. Government of Rajasthan has informed that they haveinitiated exercise for amendments in the Rajasthan Shopsand Commercial Establishments Act, 1958.Secretary (L&E) and Hon'ble Minister of State (IC) for Labour& Employment have requested Chief Secretaries of States/UTs and Chief Ministers respectively for consideration andadoption of the said model bill as its provision are as perthe requirement of that State/UTs.

Action completed

The Ministry and NHAI are monitoring the languishingprojects very rigorously. Wherever feasible one time fundinfusion by NHAI is being done to revive languishingProjects. For any languishing highway project in BOT Toll /Annuity mode that has achieved at least 50% physicalcompletion and it is also established that infusion ofmoderate funding can quickly bring this project tocompletion, NHAI provides financial assistance to such aproject. The assistance is on a loan basis at Bank rate +2%.At present the funds are being arranged through the commonfund available with NHAI for development of roads. Effortsare being made to salvage the languishing projects.Wherever it would not be possible to do so, necessaryactions shall be taken up to terminate such contractsforthwith and initiate process for re-award them.With the Ministry's and NHAI's pro-active initiatives, it hasbeen possible to reduce the numbers of languishing projectssignificantly; at present, there are only 10 numbers oflanguishing projects.

Work in progress

The total proposed Annual Plan outlay of the Ministry ofRoad Transport & Highways for 2016-17 is ` 55,000 crore,

20



comprising of ` 54,800 crore for Roads Sector and ` 200crore for Transport Sector. In addition, NHAI is proposed tobe authorized to generate Internal and Extra BudgetaryResources of ` 59,279 crore through market borrowingsduring 2016-17.NHAI has raised ` 2,471 crore through 54 EC Bonds and `10,000 crore (EPFO) through taxable bonds uptoSeptember, 2016.

Work in progress

To be read with para No. 73.

The Ministry of Road Transport & Highways proposes toset up an ambitious target of 25,000 km road length foraward and about 15,000 km for construction during 2016-17. This is significantly higher than achievements of 10,098km of award and 6,029 km completion achieved during2015-16.The status of award and completion of construction duringSeptember, 2016 vis-a-vis targets set forth for 2016-17 areas follows:

Length in km Target for 2016-17 Achievement tillSeptember, 2016

Award of works 25000 3969Completion ofconstruction 10000 2979

Against the target of upgradation of about 50,000 kms. ofState Roads as new NHs, the Ministry has approved about44,803 km length of State roads as new NHs subject tooutcome of their DPRs upto September, 2016

Work in progress

Keeping in view the grim Road Safety scenario and the needto improve road safety and ease of transport, Ministry ofRoad Transport and Highways constituted a Group of StateTransport Ministers (GoM) under the Chairmanship ofHon'ble Minister for PWD and Transport, Government ofRajasthan to deliberate on the issues facing the transportsector in the country in February, 2016. The GoM wasmandated to examine the best practices in the road transportsector with a view to improve safety and mobility and tosuggest actionable measures for implementation. The GoMis of the view that there is need for urgent changes in theMotor Vehicles Act, 1988 pending the finalization of the RoadTransport and Safety Bill, to address safety and efficiencyissues in the Transport sector. Based on therecommendations of the GoM, the Cabinet note foramendment of the Motor Vehicles Act, 1988 was approvedby Cabinet in its meeting dated 3rd August, 2016. The Motor

highest ever production of motor vehicles wasachieved in 2015. This is a sign of growth inthe economy; but it presents a challenge also.Therefore, we have speeded up the process ofroad construction. I have proposed an allocationof `55,000 crore in the Budget for Roads andHighways. This will be further topped up byadditional `15,000 crore to be raised by NHAIthrough bonds. Thus the total investment in theroad sector, including PMGSY allocation, wouldbe ̀ 97,000 crore during 2016-17.

[Nodal Ministries/Departments:M/o Road Transport & Highways,]

49. 74 Together with the capital expenditure of theRailways, the total outlay on roads and railwayswill be `2,18,000 crore in 2016-17.

50. 75 We further expect to approve nearly 10,000 kmsof National Highways in 2016-17. This will bemuch higher than in the two previous years.The pace of completion of road projects willalso rise to nearly 10,000 kms in 2016-17. Inaddition, nearly 50,000 kms of State highwayswill also be taken up for up-gradation asNational Highways.

[Nodal Ministries/Departments:M/o Road Transport & Highways]

51. 77 Passenger traffic on our roads has to be mademore efficient for the benefit of the commonman and the middle class. This is a totallyunreformed sector which suffers from severalimpediments. Abolition of permit-raj will be ourmedium term goal. Government will enactnecessary amendments in the Motor VehiclesAct and open up the road transport sector inthe passenger segment. An enabling eco-system will be provided for the States whichwill have the choice of adopting the new legalframework. Entrepreneurs will be able tooperate buses on various routes, subject tocertain efficiency and safety norms. The majorbenefits of this game changing initiative will beprovision of more efficient public transport

21



vehicle Amendment Bill, 2016 was introduced in the LokSabha for consideration and passing on 9th August, 2016.The Bill has been referred to the Department relatedParliamentary Standing Committee on Transport, Tourismand Culture for examination and report.

Work in progress

Modernisation of ports: 60 out of the 116recommendations of the Bench Marking Study for 12 majorports have been implemented so far. The remainingrecommendations are at various stages of implementationand are being closely monitored. All the recommendationsare to be implemented by December, 2019.Sagarmala Project: National Perspective Plan forSagarmala Programme has been approved by the NationalSagarmala Apex Committee on 09.04.2016. SagarmalaDevelopment Company (SDC) incorporated on 31.08.2016after obtaining Cabinet approval on 20.07.2016.New greenfield ports: 3 new greenfield Major Ports viz.Sagar, Enayam and Vadhavan are at various stages ofimplementation. In the case of Sagar Port, the EFC hasappraised the project in its meeting held on 5.8.2016 andrecommended it for approval of grant for creation of basicinfrastructure. The State Government of West Bengal isbeing pursued for its commitments as per EFC stipulation.In the case of Enayam Port, 1st container terminal is to becommissioned by July, 2020. Completion of Phase-I ofVadhavan Port is expected by 30.11.2021.National Waterways: National Waterways Act 2016 hascome into force w.e.f. 12.4.2016.

Work in progress

It is proposed to revive 50 air strips and air ports out of 160over a period of four years at a total cost of Rs 4500 crore.EFC has approved the project proposal. Note for CCEAmeeting has been sent.

Work in progress

Ministry of Petroleum & Natural Gas had notified on21.3.2016 the relevant policy guidelines on pricing regime,titled, "Marketing including pricing freedom for the gas tobe produced from Discoveries in Deepwater, UltraDeepwater and High Pressure-High Temperature areas"

Action completed

facilities, greater public convenience, newinvestment in this moribund sector, creation ofnew jobs for our youth, growth of start-upentrepreneurs and other multiplier effects.These measures will take us faster down theroad to development.

[Nodal Ministries/Departments:M/o Road Transport & Highways]

52. 78 In 2015, India's major ports have handled thehighest ever quality of cargo. We have alsoadded the highest ever capacity in major ports.We have started a series of measures formodernizing the ports and increasing theirefficiency. The Sagarmala project has alreadybeen rolled out. We are planning to developnew greenfield ports both in the eastern andwestern coasts of the country. The work on theNational Waterways is also being expedited.`800 crore has been provided for theseinitiatives.

[Nodal Ministries/Departments:M/o Shipping]

53. 79 In the civil aviation sector, the Government isdrawing up an action plan for revival ofunserved and underserved airports. There areabout 160 airports and air strips with StateGovernments which can be revived at anindicative cost of ̀ 50 crore to ̀ 100 crore each.We will partner with the State Governments todevelop some of these airports for regionalconnectivity. Similarly, 10 of the 25 non-functional air strips with the Airport Authority ofIndia will also be developed.

[Nodal Ministries/Departments:M/o Civil Aviation]

54. 80 India is blessed with rich natural resourcesincluding oil and gas. However, their discoveryand exploitation has been below our potential.Imports of hydrocarbons occupy a large shareof India's total imports. There is a situation ofrising demand, near stagnation in productionand consequent rapid increase in imports. As

22



♦ Nuclear Power Corporation of India Ltd. (NPCIL)has drawn up a roadmap for 10 indigenous 700MW Pressurised Heavy Water Reactors to be setup over the next 10-15 years.

♦ The Atomic Energy Commission has approved theproposal and recommended to approach theCabinet Committee on Security. A draft CabinetNote (DCN) was circulated amongst nodalMinistries as part of inter-ministerial consultations.Some Ministries have already concurred in with theproposal contained in the DCN.

♦ NPCIL has been requested to prepare DPR for theproposed Pressurised Heavy Water Reactors.

♦ NPCIL is in final stages of negotiations with itsRussian counterparts for establishing KKNPP 5&6at Kudankulam, Tamil Nadu. The General Framework Agreement for the same is expected to becompleted by the end of January, 2017".Government may have to allocate US$80 million(` 544 crore approx..) for KKNPP 5&6.

Work in progress

Ministry of Road Transport & Highways:Target set forth for market borrowing by NHAI to generateIEBR of ` 59,279 crore during 2016-17.

Ministry of Power:♦ `5000 crore bonds (out of total `31300 crore) is to

be raised by Power Finance Corporation (PFC) formeeting the requirements of flagship schemes ofMinistry of Power.

♦ The terms and conditions of bonds and the letter ofcomfort for servicing of bonds were finalised inOctober, 2016.

♦ PFC has been advised to raise bonds in fivetranches by March, 2017.

♦ A sanction for ` 1000 crore has been issued on21.12.2016 to PFC for release of funds from theproceeds of bonds to be raised to REC for thescheme DDUGJY.

part of our drive towards self-sufficiency, theGovernment is considering to incentivise gasproduction from deep-water, ultra deep-waterand high pressure-high temperature areas,which are presently not exploited on accountof higher cost and higher risks. A proposal isunder consideration for new discoveriesand areas which are yet to commenceproduction, first, to provide calibratedmarketing freedom; and second, to do soat a pre-determined ceiling price to bediscovered on the principle of landed priceof alternative fuels.[Nodal Ministries/Departments:M/o Petroleum & Natural Gas]

55. 82 In the power sector, we need to diversify thesources of power generation for long termstability. Government is drawing up acomprehensive plan, spanning next 15 to 20years, to augment the investment in nuclearpower generation. Budgetary allocation up to`3,000 crore per annum, together with publicsector investments, will be leveraged tofacilitate the required investment for thispurpose.[Nodal Ministries/Departments:M/o PowerD/o Atomic Energy]

56. 83 To augment infrastructure spending further,Government will permit mobilisation ofadditional finances to the extent of `31,300crore by NHAI, PFC, REC, IREDA, NABARDand Inland Water Authority through raising ofBonds during 2016-17.

[Nodal Ministries/Departments:M/o Road, Transport and Highways,M/o Power,M/o New & Renewable Energy ,M/o Shipping]

23



Ministry of New & Renewable Energy:Ministry of Finance, Department of Economic Affairs videits O.M. dated 03.10.2016 has conveyed its approvalregarding raising of EBR amounting to ` 31,300 crore toaugment infrastructure spending. As per this approval,IREDA is issuing bonds of ` 4000 crore for Grid InteractiveRenewable Power, Off-Grid/Distributed & DecentralizedRenewable Power and for Investment in Corporation andAutonomous Bodies.Ministry of Shipping:Draft Regulation finalised in consultation with Departmentof Economic Affairs and Department of Expenditure hasbeen vetted by the Legislative Department. The same isunder further process in the Ministry of Shipping.Department of Economic Affairs has approved the raisingof `1000 crore bonds by the Inland Water Authority on3.10.2016.

Work in progress

A meeting under the chair of Finance Minister with theMinisters for Road Transport & Highways, Shipping, Power,Petroleum & Natural Gas, Railways was held to discuss'Dispute Resolution Mechanism for Public Contracts' on7.9.2016 and in pursuance to the suggestions received inthe meeting, the work related to changes in the Arbitrationand Reconciliation Act, 1996 to make arbitration as amechanism for dispute resolution, has been initiated.

Proposed guidelines for the road sector were conveyed toMoRTH and they were requested to obtain requiredapprovals to amend the Master Concession Agreement.

♦ Consultation between Credit Rating Agencies(CRAs) and stakeholders like RBI, SEBI, PFRDA,IRDA, IDFs and Banks was arranged to developsuch a product. The product has been developedby the CRAs as a rating scale that will indicate theExpected Loss (EL) that could be incurred by aninvestor/lender over the life of the debt instrument.

♦ Regulatory Filing of the new product with SEBI hasbeen completed by the CRAs. The product will beinitially for post-CoD projects in the Road and PowerSectors where it has been tested rigorously.

♦ CRAs have sent a joint communication to PFRDAand IRDAI informing them about the new ratingsscale and requesting recognition of the scale.

Work in progress

57. 84 Our private sector plays an important role inthe development of infrastructure, many ofwhich are implemented in the Public PrivatePartnership (PPP) mode. I would like toannounce three new initiatives to reinvigoratethis sector.

(i) A Public Utility (Resolution of Disputes) Bill willbe introduced during 2016-17 to streamlineinstitutional arrangements for resolution ofdisputes in infrastructure related constructioncontracts, PPP and public utility contracts;

(ii) Guidelines for renegotiation of PPP ConcessionAgreements will be issued, keeping in view thelong term nature of such contracts and potentialuncertainties of the real economy, withoutcompromising transparency;

(iii) A new credit rating system for infrastructureprojects which gives emphasis to various in-built credit enhancement structures will bedeveloped, instead of relying upon a standardperception of risk which often result in mispricedloans.

[Nodal Ministries/Departments:I& E Division(DEA)

58. 85 I would like to announce further reforms in ourFDI policy. The changes proposed are in the

24



Insurance: Indian Insurance Companies (ForeignInvestment) Amendment Rules, 2016 notified on16.03.2016. FDI Press Note No. 1 of 2016 issued by DIPPon 23.03.2016. FEMA notification issued by RBI on30.03.2016.Pension: FDI Press Note No. 2 of 2016 issued by DIPP on23.3.2016.

Action completed

Press Note 4 (2016) have been issued by DIPP and RBIhas published the FEMA Notification 372 on 27.10.2016 forFDI in ARC.

Action completed

Draft FEMA Notification was received from RBI. Commentsof DEA have been conveyed. Amendment to SEBIRegulations will be issued subsequent to FEMA notification.

Work in progress

Necessary guidelines have been issued.Action completed

The Cabinet Note on the subject is being finalized inconsultation with RBI

Work in progress

Pursuant to Cabinet approval of the Cabinet Note, RBI haspublished the FEMA Notification No. 375 dated 09.09.2016for FDI in other financial services. DIPP has also issuedPress Note 6 / 2016 in this regard.

Action completed

Ministry of Home Affairs vide Circular dated 17.10.2016conveyed Government's approval to grant of PermanentResidency Status to foreign investors fulfilling the followingconditions:(i) Making an investment of a minimum of ` 10 crore to bebrought within 18 months or ̀ 25 crore to be brought within36 months under Foreign Direct Investment (FDI) route.(ii) The foreign investment should result in generatingemployment to at least 20 resident Indian in every financialyear".

Action completed

areas of insurance and pension, AssetReconstruction Companies, Stock Exchanges,etc. Details of the changes are given in AnnexI of the Budget Speech.

Annex-IPROPOSED CHANGES/REFORMS IN FDIANDRELATED POLICIES

(i) Foreign investment will be allowed in theinsurance and pension sectors in the automaticroute up to 49% subject to the extant guidelineson Indian management and control to beverified by the Regulators.

(ii) 100% FDI in Asset Reconstruction Companies(ARCs) will be permitted through automatic route.Foreign Portfolio Investors (FPIs) will be allowedup to 100% of each tranche in securities receiptsissued by ARCs subject to sectoral caps.

(iii) Investment limit for foreign entities in Indianstock exchanges will be enhanced from 5 to15% on par with domestic institutions. This willenhance global competitiveness of Indian stockexchanges and accelerate adoption of best-in-class technology and global market practices.

(iv) The existing 24% limit for investment by FPIsin Central Public Sector Enterprises, other thanBanks, listed in stock exchanges, will beincreased to 49% to obviate the need for priorapproval of Government for increasing the FPIinvestment.

(v) The basket of eligible FDI instruments will beexpanded to include hybrid instruments subjectto certain conditions.

(vi) FDI will be allowed beyond the 18 specifiedNBFC activities in the automatic route in otheractivities which are regulated by financial sectorregulators.

(vii) With a view to promote Make in India andfollowing the practices in advanced countries,foreign investors will be accorded ResidencyStatus subject to certain conditions. Currently,these investors are granted business visa onlyup to 5 years at a time.

25



(viii) In order to ensure effective implementation ofBilateral Investment Treaties signed by Indiawith other countries, I propose to introduce aCentre State Investment Agreement. This willensure fulfilment of the obligations of the StateGovernments under these Treaties. Stateswhich opt to sign these Agreements will be seenas more attractive destinations by foreigninvestors.All these decisions will facilitate ease of doingbusiness for foreign investors and theirdomestic recipients.

[Nodal Ministries/Departments:D/o Public Enterprises,D/o Financial Services,D/o Economic Affairs,MHA,D/o Industrial Policy & Promotion]

59. 86 The duty drawback scheme has been widenedand deepened to include more products andcountries. The Government will continue to takemeasures to support the export sector.

[Nodal Ministries/Departments:Department of CommerceD/o Revenue]

60. 87 Our FDI policy has to address the requirementsof farmers and food processing industry. A lotof fruits and vegetables grown by our farmerseither do not fetch the right prices or fail to reachthe markets. Food processing industry andtrade should be more efficient. 100% FDI willbe allowed through FIPB route in marketing offood products produced and manufactured inIndia. This will benefit farmers, give impetus tofood processing industry and create vastemployment opportunities.

[Nodal Ministries/Departments:D/o Industrial Policy & Promotion]

61. 88 A new policy for management of Governmentinvestment in Public Sector Enterprises,including disinvestment and strategic sale, hasbeen approved. We have to leverage the assetsof CPSEs for generation of resources forinvestment in new projects. We will encourageCPSEs to divest individual assets like land,manufacturing units, etc. to release their assetvalue for making investment in new projects.The NITI Aayog will identify the CPSEs forstrategic sale.

[Nodal Ministries/Departments:NITI Aayog,

Inter-ministerial consultations are being held for finalizingthe Cabinet Note.

Work in progress

The scheme has been widened and deepened to includemore product lines.

Action completed.

On 20.06.2016, Government decided that 100% FDI shallbe allowed under Government approval route in trading ofFood products manufactured and/or produced in India. PressNote 5(2016) dated 24.06.2016 has been issued by DIPPin this regard.

Action completed

CCEA in its meeting held on 17.2.2016 approved proposalrelating to laying down procedure and mechanism forstrategic disinvestment of CPSEs.NITI Aayog has been mandated to identify CPSEs forstrategic disinvestment.Requisite instructions in this regard has been issued on29.2.2016 to all concerned.

NITI Aayog has submitted two tranches of recommendationsrelating to strategic disinvestment of CPSEs. Core Groupof Secretaries on Disinvestment (CGD) have deliberatedon NITI Aayog's recommendations. CCEA Note seeking in-principle approval on First and Second tranche

26



recommendations of NITI Aayog on strategic disinvestmentof CPSEs, incorporating the recommendations of CGD, wassent to Cabinet Secretariat on 17th October, 2016.The CCEA in its meeting held on 27th October, 2016, hasapproved, 'in-principle' the proposal for strategicdisinvestment of CPSEs.Administrative Ministries have been requested to initiatethe process of strategic disinvestment of the CPSEs forwhich 'in-principle' approval has been accorded by CCEA.For the purpose of uniformity and efficient implementationof strategic disinvestment transactions, the 'flow of activities'to be completed within a specified time in respect ofdisinvestment of Government equity as well asdisinvestment of equity of parent CPSE subsidiary, and saleof units of CPSEs has been prepared.

Work in progress

The Department has been renamed as Department ofInvestment and Public Asset Management (DIPAM) videNotification dated 14.04.2016.To ensure efficient management of GoI's investment inCPSEs, the Guidelines on "Capital Restructuring of CPSEs"have been issued on 27th May, 2016 which supersede allpreviously issued guidelines by various Ministries/Departments.

Action completed

The draft of the proposed law is under vetting by Ministry ofLaw and Justice. The proposal would be brought before theCabinet and the Bill will be introduced in the Parliamentsoon.

Work in progress

MPC has been constituted and it is now functional.Action completed

♦ Draft Cabinet Note (DCN) on setting up of Non-statutory Financial Data Management Centre

D/o Investment &Public Asset Management(DIPAM)]

62. 89 We will adopt a comprehensive approach forefficient management of Governmentinvestment in CPSEs by addressing issuessuch as capital restructuring, dividend, onusshares, etc. The Department ofDisinvestment is being re-named as the"Department of Investment and PublicAsset Management (DIPAM)".

[Nodal Ministries/Departments:D/o Investment &Public Asset Management(DIPAM)]

63. 90 Financial Sector ReformsA vibrant financial sector is of criticalimportance to the growth ofevery economy. Inmy last two Budgets, I had announced severalmeasures in this regard. I would now like toannounce the following initiatives:

(i) A systemic vacuum exists with regard tobankruptcy situations in financial firms. Acomprehensive Code on Resolution ofFinancial Firms will be introduced as a Bill inthe Parliament during 2016-17. This Code willprovide a specialised resolution mechanism todeal with bankruptcy situations in banks,insurance companies and financial sectorentities. This Code, together with the Insolvencyand Bankruptcy Code 2015, when enacted, willprovide a comprehensive resolutionmechanism for our economy.

(ii) The RBI Act 1934, is being amended to providestatutory basis for a Monetary PolicyFramework and a Monetary Policy Committeethrough the Finance Bill 2016. A committee-based approach will add lot of value andtransparency to monetary policy decisions.

(iii) A Financial Data Management Centre underthe aegis of the Financial Stability Development

27



(FDMC) was circulated and comments received.On the basis of feedback received, Hon'ble FM hasapproved the setting up of a Statutory FDMC.

♦ A Committee has been set up to suggest a draftFDMC Bill. The Committee has submitted its reportalong with a draft bill titled 'Financial DataManagement Centre Bill 2016". The draft Bill isproposed to be placed in public domain.

♦ Once the Draft Cabinet Note and the Draft Bill isfinalised, the same will be circulated afresh forfinalisation.

Work in progress

RBI has conveyed that as first step towards allowing retailparticipation in primary market, RBI has allowed the stockexchanges to act as receiving office for the Sovereign GoldBond issuances. Further, RBI is in the process of allowingthe stock exchanges to submit aggregated bids receivedfrom individuals in the non-competitive bidding for G-Secand T-Bills in E-Kuber. Exchanges have been advised toget in touch with their technical team to discuss theoperational and risk management aspects.


Necessary enabling circular issued by SEBI on 28.9.2016.Action completed

The dedicated fund is now being set up by a SPV of IFCL;the other contributors being LIC, GIC, SBI, PNB, PFC andIREDA

Guidelines on the 'Framework for enhancing credit supplythrough Market Mechanism' has been issued on 25.08.2016

The necessary FEMA notification was published in theGazette on 27th October, 2016 (No.FEMA.372/ 2016-RB).

Operationalised on 1.7.2016

To be implemented in two phases - the secondary marketrepository has been operationalised on 01.07.2016.

Council (FSDC) will be set up to facilitateintegrated data aggregation and analysis in thefinancial sector.

(iv) To improve greater retail participation inGovernment securities, RBI will facilitate theirparticipation in the primary and secondarymarkets through stock exchanges and accessto NDS-OM trading platform.

(v) New derivative products will be developed bySEBI in the Commodity Derivatives market.

(vi) To facilitate deepening of corporate bondmarket, a number of measures will beundertaken, details of which are given in AnnexII of the Budget Speech. The enactment ofInsolvency and Bankruptcy Code would providea major boost to the development of thecorporate bond market.

Annex-II(a) LIC of India will set up a dedicated fund to

provide credit enhancement to infrastructureprojects. The fund will help in raising the creditrating of bonds floated by infrastructurecompanies and facilitate investment from longterm investors.

(b) RBI will issue guidelines to encourage largeborrowers to access a certain portion of theirfinancing needs through market mechanisminstead of the banks.

(c) Investment basket of foreign portfolio investorswill be expanded to include unlisted debtsecurities and pass through securities issuedby securitisation SPVs.

(d) For developing an enabling eco system for theprivate placement market in corporate bonds,an electronic auction platform will be introducedby SEBI for primary debt offer.

(e) A complete information repository for corporatebonds, covering both primary and secondary

28



market segments will be developed jointly byRBI and SEBI.

(f) A framework for an electronic platform for repomarket in corporate bonds will be developedby RBI.

(vii) To tackle the problem of stressed assets in thebanking sector, Asset ReconstructionCompanies (ARCs) have a very important role.I therefore, propose to make necessaryamendments in the SARFAESI Act 2002 toenable the sponsor of an ARC to hold up to100% stake in the ARC and permit non-institutional investors to invest in SecuritizationReceipts.

(viii) In the recent past, there have been risinginstances of people in various parts of thecountry being defrauded by illicit deposit takingschemes. The worst victims of these schemesare the poor and the financially illiterate. Theoperation of such schemes are often spreadover many States. I, therefore, propose to bringin comprehensive Central legislation in 2016-17 to deal with the menace of such schemes.

(ix) I also propose to amend the SEBI Act 1992 inthe coming year to provide for more membersand benches of the Securities AppellateTribunal.

[Nodal Ministries/Departments:M/o Corporate Affairs,FSDC (DEA)FM Division (DEA),CDM (DEA),D/o Financial Services,

64. 91 As the Honourable Members are well aware,the strength of the financial sector isdependent upon a strong and well-functioningBanking system. We already have acomprehensive 'Plan For Revamping of PublicSector Banks', INDRADHANUSH, which isunder implementation. We are now confrontedwith the problem of stressed assets in PublicSector Banks, which is a legacy from the past.Several steps have already been taken in thisregard. We are not interfering in lending andpersonnel matters of the Banks. Structuralissues have been addressed in various sectors

Phase II (primary issuances repository) is to beimplemented.

SEBI vide letter dated 08.07.2016 has sent the final reporton Electronic platform for repo market in corporate bonds,along with its comments to RBI. On 25.08.2016, RBI hasannounced that they will issue the necessary guidelines inconsultation with all the stakeholders.

Work in progress

The Enforcement of Security Interest and Recovery of DebtLaws and Miscellaneous Provisions (Amendment) Bill, 2016for the proposed amendments in SARFAESI Act, 2002 waspassed by the Lok Sabha on 01.08.2016 and by the RajyaSabha on 08.08.2016 and Notification has been issued on16.8.2016.

Action completed

In a meeting held on 2.11.2016 under the Chairmanship ofFinance Minister, it was decided to modify the draft Bill andto place the final draft on the DFS' website for widerconsultation and thereafter to finalize the Bill. Based on thecomments received and further consultations with thestakeholders, the Draft Bill has been modified and has beenuploaded on the website on 17.11.2016 for public comments.Comments received from stake holders and public are beingcollated and the draft Cabinet Note is likely to be finalized.

Work in progress

Inter-ministerial consultations are being held to finalise thedraft Cabinet Note.

Work in progress

Capital infusion in PSBs is being done as per theINDRADHANUSH plan.The Government has decided to allocate funds to the tuneof ` 22,915 crore in 13 PSBs, of which 75% is marked forinfusion immediately and remaining will be infused basedon achievement of certain performance indicators by thebanks.

Action completed

29



This is an ongoing process. No specific time line need beset.The Government has decided to allocate funds to the tuneof ` 22,915 crore in 13 PSBs, of which 75% is marked forinfusion immediately and remaining will be infused basedon achievement of certain performance indicators by thebanks.

Action completed

Bank Board Bureau has been operationalized since 1st April,2016. Cabinet has given in principle approval to negotiatemerger of SBI Associates Banks and Bhartiya Mahila Bankwith SBI on 15.6.2016. Road map for consolidation of banksis being drawn up in consultation with concerned agencies.

Action completed

As announced by Hon'ble Finance Minister in the last budgetspeech, the RDDB & FI Act and the SARFAESI Act wereamended through the Act titled " The Enforcement ofSecurity Interest and Recovery of Debts Laws andMiscellaneous Provisions (Amendment) Act, 2016". Theamendments, inter alia, includes (i) expeditious adjudicationof recovery applications; (ii) priority to secured creditors;(iii) debenture trustees as financial institutions; (iv)registration of security interest; (v) conferment of powersupon the Reserve Bank of India to regulate AssetReconstruction Companies in a changing businessenvironment; (vi) enabling timeline for taking possession ofelectronic filing of recovery applications.The amended Act would facilitate expeditious disposal ofrecovery applications and would help banks/financialinstitutions to recover debts from the borrowers and reducethe level of non-performing assets, enhance the efficiencyof Tribunals and help in smooth functioning of the Tribunals.Haromonisation of provisions of Insolvency and bankruptcyCode, 2016 (IBC) with the provisions of the SARFAESI andthe RDDB & FI Act will help to improve the credit andrecovery environment. Giving priority to secured creditorwill result in growth of credit which in turn will create wealthand will generate employment. The scope of the registrationsystem is being expanded to include all secured credit

like Power, Coal, Highways, Sugar and Steel.The Banks are putting in special efforts to effectrecoveries, with a focus on reviving stalledprojects.

[Nodal Ministries/Departments:Department of Financial Services]

65. 92 To support the Banks in these efforts as wellas to support credit growth, I have proposedan allocation of `25,000 crore in BE 2016-17towards recapitalisation of Public Sector Banks.If additional capital is required by these Banks,we will find the resources for doing so. We standsolidly behind these Banks.

[Nodal Ministries/Departments:D/o Financial Services,Budget Division(DEA)]

66. 93 Our Public Sector Banks will have to be strongand competitive. The Bank Board Bureau willbe operationalized during 2016-17 and aroadmap for consolidation of Public SectorBanks will be spelt out. The process oftransformation of IDBI Bank has alreadystarted. Government will take it forward andalso consider the option of reducing its staketo below 50%.

[Nodal Ministries/Departments:D/o Financial Services]

67. 94 For speedier resolution of stressed assets, theDebt Recovery Tribunals will be strengthenedwith focus on improving the existinginfrastructure, including computerisedprocessing of court cases, to support reductionin the number of hearings and faster disposalof cases.


30



68. 95 The Pradhan Mantri Mudra Yojana (PMMY)was launched for the benefit of bottom of thepyramid entrepreneurs. Banks and NBFC-MFIshave reported that the amount sanctionedunder PMMY had reached about `One lakhcrore to over 2.5 crore borrowers by earlyFebruary this year. I propose to increase thetarget next year to ̀ 1,80,000 crore.


69. 96 To provide better access to financial services,especially in rural areas, we will undertake amassive nationwide rollout of ATMs and MicroATMs in Post Offices over the next three years.

[Nodal Ministries/Departments:D/o Financial ServicesDepartment of Post]

70. 97 Public shareholding in Government-ownedcompanies is a means of ensuring higher levelsof transparency and accountability. To promotethis objective, the general insurance companiesowned by the Government will be listed in thestock exchanges.[Nodal Ministries/Departments:D/o Financial Services]

extended by all secured creditor to create national database.To strengthen the tribunals, Government is providingappropriate physical and ICT infrastructure and filling upvacancies of Presiding Officers and also providing trainingto DRT officials and staff for capacity building. Recently,Seminar on Debt Recovery also conducted withChairpersons of DRATs, Presiding Officers of DRTs, IBA &Bank representative.

Action completed

Targets for 2016-17 for banks and MFIs have beencommunicated. Weekly monitoring is undertaken by DFSthrough the portal and VC.During the current year (2016-17), loans under PMMY tothe tune of ` 81721.09 crore have been sanctioned.Disbursement target of `1,80,000 crore under PMMY isexpected to be achieved by the end of financial year.

Action completed

Department of Posts:The IT Modernization Project is in implementation stage.Under this Project, Core Banking Service is also beingimplemented. Department has planned to setup 1000ATMs. As of now, 968 ATMs have been installed acrossthe country.As far as provision of Micro ATMs in rural areas isconcerned, the handheld devices, which are going to besupplied under Rural Information and CommunicationTechnology, are micro ATM specification compliant and canwork as micro ATM if required. Micro ATM does perform allthe business of ATM except cash transaction which is donemanually. The Handheld devices used for RICT technologywill generate withdrawal/deposit slip electronically and cangenerate the statement of transactions done by thecustomer.Under the RICT Project, supply of handheld devices toBranch Post Offices has started. So far, 20945 RICThandheld devices have been dispatched to Gramin DakSewak Post offices in six pilot circles. (Assam, Bihar,Karnataka, Maharashtra, Rajasthan and Uttar Pradesh).Roll out of RICT Solution is in progress. So far, 4413 RuralGramin Dak Sewak Post offices have been rolled out. Rollout to all 1,29,323 GDS Post Offices will be taken up in aphased manner.

Work in progress

The four Public Sector General Insurance Companies(PSGICs), namely the New India Assurance Co. Ltd(NIACL), United India Insurance Co. Ltd (UIICL), NationalInsurance Co. Ltd (NICL), Oriental Insurance Co. Ltd (OICL)and General Insurance Corporation (GIC) of India havepassed appropriate resolutions regarding listing of shares,initial public offering and for raising capital from the market,and conveyed to the Government.

31



71. 98 Governance and Ease of Doing BusinessOur Government is giving unparalleledemphasis to good governance with specialfocus on process reforms, IT-enabledGovernment processes, etc. The whole ideais to remove the irritants for the public in theirinterface with Government agencies.

[Nodal Ministries/Departments:DeitY,D/o Administrative Reforms & PublicGrievances]

72. 99 A Task Force has been constituted forrationalisation of human resources in variousMinistries. A comprehensive review andrationalisation of autonomous bodies is alsounderway.

[Nodal Ministries/Departments:D/o Personnel & TrainingNITI Aayog]

73. 100 A critical component of minimum Governmentand maximum governance is to ensuretargeted disbursement of Governmentsubsidies and financial assistance to the actualbeneficiaries. Public money should reach thepoor and the deserving without any leakage.Three specific initiatives are proposed toachieve this objective.

♦ First, we will introduce a bill for TargetedDelivery of Financial and Other Subsidies,Benefits and Services by using the Aadharframework. The bill will be introduced in thecurrent Budget Session of the Parliament. The

Accordingly, the Note for Cabinet Committee on EconomicAffairs seeking approval to dilute Government shareholdingin public sector general insurance companies, in one ormore tranches, in the domestic capital market based onSEBI/IRDAI on all applicable rules and regulations and gofor IPO for raising capital has been approved. After Inter-Ministerial Consultations, the CCEA Note have been sentto Cabinet Secretariat and PMO for consideration.

Work in progress

Department of Administrative Reforms & Public Grievances(DARPG) has taken several measures in this regard, whichinclude:

i) "Prime Minister's Awards for Excellence in PublicAdministration" has been instituted;

ii) For improving India's ranking in e-GovernanceIndex, DARPG is hosting knowledge exchanges,technical cooperation activities and capacitybuilding events and workshops;

iii) Under Minimum Government-MaximumGovernance initiatives, E-Office has been launchedin a Mission Mode under the Digital IndiaProgramme;

iv) On-line grievance redress mechanism called the"Centralised Public Grievances Redress &Monitoring System" (CPGRAMS) has evolvedsince 2007 linking 142 Central Ministries/Departments/ organisations and 18000 subordinateusers;

v) A Mobile App has been launched on 21.10.2015which allows lodging of public grievances onAndroid based mobiles.

Work in progress

The Report of the Task Force on optimization of HumanResources has since been submitted to the CabinetSecretary.

Work in progress

Aadhar (Targeted Delivery of Financial and other Subsidies,Benefits and Services) Act, 2016 has been enacted, whichhas come into force w.e.f 12.9.2016"DBT on pilot basis will start from Rabi Season (October,2016) and completed by September, 2017.

32



Aadhar number or authentication shall not,however, confer any right of citizenship ordomicile. A social security platform will bedeveloped using Aadhar to accurately targetbeneficiaries. This will be a transformative pieceof legislation which will benefit the poor and thevulnerable.

♦ Second, we have already introduced DirectBenefit Transfer in LPG. Based on thissuccessful experience, we propose to introduceDBT on pilot basis for fertilizer in a few districtsacross the country, with a view to improvingthe quality of service delivery to farmers.

♦ Third, of the 5.35 lakh Fair Price Shops in thecountry, automation facilities will be providedin 3 lakh Fair Price Shops by March 2017.

[Nodal Ministries/Departments:DeitY (DG, UIDAI),D/o Fertiliser,D/o Food & Public Distribution]

1,77,746 FPSs have already been automated across thecountry.Department of Fertilizers:To implement the DBT in 16 Districts the following stepshave been taken.

♦ DBT cell (PMU) has been created in Department ofFertilizer and IT & IEC Consultants are in position.

♦ A Joint Secretary has been appointed as nodalofficer. Districts Consultants have been appointedfor Pilot Districts.

♦ A help desk comprising of DBT officials and NIChas been formed at Headquarters.

♦ Krishna & West Godavari Districts have started thelive run with effect from 1st October 2016.

♦ Procurement of PoS devices for remaining 14 PilotDistricts is in advance stage.

♦ Software for PoS devices has been developed byNIC.

♦ Convened a Conference of Collectors and issuedguidelines for DBT rollout on 7.9.2016. Collectorsare on board and Joint working groups have beenformed in Districts to monitor the master trainingand Districts to monitor the progress on weeklybasis.

♦ Conducted training for master training and Districtsconsultants of pilot Districts on 6.10.2016.

♦ Retailer's training is ongoing in all pilot Districts.♦ Agreements signed with UIDAI for access to

demographic details beneficiaries on biometricauthentication.

Progress system of subsidy Payment under DBTFrameworkThe Proposed DBT system entails 100% payment ofSubsidy to the fertilizer manufacturing companies on thebasis of actual sales by the beneficiary. The farmer or buyer'sidentity is authenticated either through biometric, aadharbased, Unique Identification Number or Voter ID Card orKisan Credit Card. Preference is given to Aadhar basedbiometric authentication as this is linked to land record andthe soil health card of the farmer. This would enablerecommendation of appropriate mix of fertilizers compatibleto the soil health profile of the agricultural land held by thebeneficiary. However, the recommendation is not bindingon the beneficiary and the sale of fertilizer would initially beon a "no denial mode". The sales to the beneficiary arecaptured though the point of sale (PoS) machine installedat the retailer's end. All the Fertilizer sale transaction aretracked online (company wise, plant wise, head wise,product wise etc.) in the Integrated Fertilizer ManagementSystem (iFMS) and the claims are processed on a weeklybasis by the Department of Fertilizers (DOF) and the amountof subsidy is remitted to the company's bank account throughelectronic mode. The proposed payment process has beenapproved by Office of Controller General of Accounts.

Work in progress

33



74. 101 We have to bring more transparency andefficiency in Government procurement of goodsand services. The Director General of Suppliesand Disposal (DGS&D) will establish atechnology driven platform to facilitateprocurement of goods and services by variousMinistries and agencies of the Government.

[Nodal Ministries/Departments:D/o Commerce(DGS&D)]

75. 102 To remove the difficulties and impediments toease of doing business, we will introduce a billto amend the Companies Act, 2013 in thecurrent Budget Session of the Parliament. TheBill would also improve the enablingenvironment for start-ups. The registration ofcompanies will also be done in one day.

[Nodal Ministries/Departments:D/o Corporate Affairs]

76. 103 Monitoring of prices of essential commoditiesis a key element of good governance. A numberof measures have been taken to deal with theproblem of abrupt increase in prices of pulses.Government has approved creation of bufferstock of pulses through procurement atMinimum Support Price and at market pricethrough Price Stabilisation Fund. This Fund hasbeen provided with a corpus of `900 crore tosupport market interventions.

[Nodal Ministries/Departments:D/o Consumer Affairs]D/o Food & Public Distribution]

The first phase of GeM, for common use goods and servicesfor Government buyers, created in association with NeGD(MeitY) is operational from 9th August, 2016. Presently morethan 5300 products and hiring of transport services are listedon GeM portal. DGS&D is continuously working onidentification of items, drawing of major specifications /parameters, SLAs for Sellers on-boarding on GeM. For bestprices procurement, 127 Biddings and 45 RA in productscategory & 39 Biddings and 25 RA have been successfullyconducted. About 1600 Government users have beenregistered so far.

Work in progress

Amendment to Companies Act:

♦ The Bill to amend the Companies Act, 2013 -Introduced in Lok Sabha on 16.03.2016.

♦ The Standing Committee on Finance submitted itsReport in the Parliament on 7.12.2016. Therecommendations of the Committee are beingexamined.

♦ Recently vide Notification No. 936 (E) dated1.10.2016 notified the Companies (Incorporation) ofFourth Amendment Rules, 2016 thereby prescribinga Simplified Proforma for Incorporating Companies(SPICE) along with e-MOA and e-AOA which shalleliminate the requirement of physically signing theMOA and AOA by the applicant and helpentrepreneurs to start business in India, withouthassle. More than 90 % of e-forms are processedon the same working day or by the next working day.

♦ On a monthly average, more than 90% of theapplications for incorporation of companies are nowprocessed by the end of next working day by thenewly set up Central Registration Centre.


Department of Food & Public Distribution:♦ ` 150 crore under Price Stabilisation Fund has

already been released for procurement to PSUsviz. SFAC, MMTC, FCI and NAFED.

♦ Out of 18 major procuring States, 15 have adoptedDecentralized Procurement.

♦ Matter is being pursued with 3 remaining States.♦ Out of 18 States, 7 have implemented On-line

Procurement Management System, 5 have partiallyimplemented it and 1 State is in the process ofimplementation.

Department of Consumer Affairs:♦ Out of `900 crore allocated in BE 2016-17 under

PSF, ̀ 899.98 crore, has already been released toSFAC, FCI, NAFED and MMTC for procurement ofRabi pulses and Onion and for import of pulses.

♦ From RMS 2016-17, around 69,050 tonnes ofChana and Masur were procured by NAFED, SFACand FCI while around 17,748 tonnes of Onions were

34



77. 104 Madam Speaker, for good governance, wehave to capitalise on the country's unity indiversity. To strengthen understanding of eachother, it is proposed to create a closerengagement between different States andDistricts in a structured manner. "Ek BharatShreshtha Bharat" programme will be launchedto link States and Districts in an annualprogramme that connects people throughexchanges in areas of language, trade, culture,travel and tourism. We will do this throughmutual agreement with participating States andDistricts.

[Nodal Ministries/Departments:M/o Culture]

78. 105 In 2017, the country will celebrate 70thAnniversary of our Independence. We will chalkout milestones for nation's journey beyond the70th Anniversary of Independence. Dr.Toynbee, the historian, had observed that "achapter which had a Western beginning willhave to have an Indian ending…..". My beliefis that the year 2017 will unfold the greathistorian's dream. Our scheme of "Ek BharatShreshtha Bharat" is part of this vision.


79. 109 This is the last year of the 12th Plan.Successive committees have questioned themerit in having Plan and Non-Plan classificationof Government expenditure. A broad

procured by SFAC and NAFED.♦ MMTC also made contracts for import of around

1.76 lakh tonnes of pulses.♦ Subsequently, ̀ 500 crore and around ̀ 2000 crore

were also allocated under PSF in the 1st & 2ndSupplementary of 2016-17 respectively. As on date,8.24 lakh tonnes of pulses has been procured orcontracted for import by the designated agenciesfor building the buffer stock of pulses.

Work in progress

The Hon'ble Prime Minister during Digital Exhibition -"Uniting India : Sardar Patel" organized by the Ministry ofCulture on the occasion of Rashtriya Ekta Diwas, the birthanniversary of Sardar Vallabhbhai Patel in National ScienceCentre, New Delhi on 31.10.2016 launched a Web Portalon Sardar Patel and a released a booklet on "Ek BharatShreshtha Bharat'' scheme. On the occasion Memorandumsof Understanding (MoUs) signed between some States andUnion Territories were also exchanged to undertakeactivities under Ek Bharat Shreshtha Bharat.As per Cabinet Secretariat order dated 31.10.2016, M/oHuman Resource Development (D/o Higher Education) hasnow been made the nodal Ministry for Ek Bharat ShreshthaBharat. Now, M/o HRD is co-ordinating with other concernedMinistries/Departments to carry out proposed activitiesunder Ek Bharat Shrestha Bharat Programme.In this regard, 2nd Rashtriya Sanskriti Mahotsav-2016 washeld at New Delhi during 15-24 October 2016 under thepatronage of seven Zonal Cultural Centres with an intent toshowcase the rich cultural heritage of the Country in all its richand varied dimensions. Similar Mahotsavs are also proposedto be held at various places of the country viz. Jammu, Twang,Bengaluru and in this series, one Mahotsav is already beingheld during 17-24 December, 2016 at Varanasi, U.P.

Work in rogress

The 70th Anniversary of Independence will begin on 15thAugust, 2017 in the FY 2017-18. Action in this regard willbe initiated at appropriate time.

Work in progress

A Committee has been constituted which is working inconsultations with States, Ministries and CGA are to finalisevarious budget and accounting related modalities to adoptthe new approach of budgeting and expenditure. Details

35



understanding over the years has been thatPlan expenditures are good and Non-Planexpenditures are bad. This results in skewedallocations in the Budget. We need to correctthis and give greater focus to Revenue andCapital classification of Governmentexpenditure. We have, therefore, decided thatthe Plan-Non-Plan classification will be doneaway with from fiscal 2017-18. The FinanceMinistry will closely work with the State FinanceDepartments to align Central and State Budgetsin this matter.

[Nodal Ministries/Departments:Department of Expenditure,Budget Division(DEA)]

80. 110 To improve the quality of Governmentexpenditure, every new scheme beingsanctioned by Government will have a sunsetdate and outcome review. A redeeming featureof this year's Budget is that we have improvedupon the Revenue Deficit target from 2.8% to2.5% of GDP in RE 2015-16.

[Nodal Ministries/Departments:Department of Expenditure]

81. 111 The FRBM Act has been under implementationfor more than adecade. Both Central and StateGovernments have made significant gains fromthe implementation of this Act. There is now aschool of thought which believes that insteadof fixed numbers as fiscal deficit targets, it maybe better to have a fiscal deficit range as thetarget, which would give necessary policyspace to the Government to deal with dynamicsituations. There is also a suggestion that fiscalexpansion or contraction should be aligned withcredit contraction or expansion respectively, inthe economy.While remaining committed to fiscal prudenceand consolidation, a time has come to reviewthe working of the FRBM Act, especially in thecontext of the uncertainty and volatility whichhave become the new norms of globaleconomy. I, therefore, propose to constitute aCommittee to review the implementation of theFRBM Act and give its recommendations onthe way forward.

[Nodal Ministries/Departments:Budget Division (DEA)]

82. 114 I have also allocated initial sums of `100 croreeach for celebrating the Birth Centenary ofPandit Deen Dayal Upadhyay and the 350th

regarding classification of expenditure and budget havebeen worked out.Necessary guidelines for appraisal of schemes/projects/creation of new bodies have already been issued to beimplemented with immediate effect.

The proposal for merger of Plan and Non-Plan classificationin budget and accounts has been approved by the Cabinet on21.9.2016. This will be implemented from Budget 2017-18.

Action completed

This is an ongoing process. Sunset clause will make theprojects co-terminus with fund flow cycle of FinanceCommission. D/o Expenditure has asked AdministrativeMinistries to design outcome evaluation framework for eachscheme with the approval of NITI Aayog. Instructions havebeen issued vide Department of Expenditure (PF-II) orderdated 5.8.2016 for appraisal and approval of Public FundedSchemes and Projects.

Action completed

The order constituting the Committee to comprehensivelyreview and give recommendations on the FRBM roadmapfor future has been issued on 18.5.2016.

Action completed

The National Committees (NCs) and Executive Committees(ECs) for both the commemorations have been reconstitutedand notified.

36



Birth Anniversary of Guru Gobind Singh.


83. 117 The Government acknowledges the role oftaxpayers in nation building. Each rupee of taxcontributes towards the Government's effortsto provide better infrastructure, rural revival andsocial well-being. Taxation is a major toolavailable to Government for removing povertyand inequality from the society. The posteritywill not forgive us if we do not use thisopportunity in this perspective.

The thrust of my tax proposals this year falls innine categories:-

(1) Relief to small tax payers.(2) Measures to boost growth and employment

generation.(3) Incentivizing domestic value addition to help

Make in India.(4) Measures for moving towards a pensioned

society.(5) Measures for promoting affordable housing.(6) Additional resource mobilization for agriculture,

rural economy and clean environment.(7) Reducing litigation and providing certainty in

taxation.(8) Simplification and rationalization of taxation.(9) Use of Technology for creating accountability.


84. 130 I would like to reiterate our commitment toimplement General Anti Avoidance Rules(GAAR) from 1.4.2017.

The first meeting of Executive Committee was held on15.12.2016 under the Chairmanship of the Hon'ble HomeMinister of India.

Work under progress

51 Customs and Central Excise notifications (Tariff and Non-Tariff) and 12 Service Tax notifications have been issuedin pursuance of the tax proposals announced by the FM inthe Budget Speech 2016-17.

The rate of Clean Energy Cess on Coal, lignite and peathas been increased from ̀ 300 per tonne to ̀ 400 per tonne.Clause 232 of Finance Bill, 2016, may be referred in thisregard.

This is a continuous and ongoing process in CBEC.Instructions have been issued to ensure that departmentfiles appeals only after critical examination of the matter.Threshold limit of ` 10 lakhs, ` 15 lakhs and `25 lakhs forfiling departmental appeals to CESTAT, High Court andSupreme Court fixed. Departmental appeals to bewithdrawn, if the amount involved is below the prescribedthreshold limits.Number of returns to be filed by Central Excise Assesseshas been reduced from 27 to 13.Baggage Rules 2016 notified to simplify & rationalizemultiple slabs of duty free allowance for various categoriesof passengers.The customs Baggage Declaration Regulations 2013 hasbeen amended to prescribe filing of customs declarationonly for those passengers carrying dutiable goods.Tax payer to submit through e-filing and allowed to havethe live tracking of documents status.Disbursal of more than ̀ 27000 crore per annum to exportersonline as drawback.Risk Management System introduced for expeditiousclearance of about 65% cargo.The Customs SWIFT (Single Window Interface for FacilitatingTrade) clearance enables importers / exporters to file acommon electronic ' Integrated Declaration takes care of therequirements of Customs, FSSAI, Plant Quarantine, AnimalQuarantine, Drug Controller, Wild Life Central Bureau andTextile Committee and it replaces nine separate formsrequired by the said 6 different agencies including Customs.A service Desk with a National Toll-free number has beenset up for assesses.Assesses can also send e-mails 24x7.All calls to Service Desk / e-mails are logged by ServiceDesk Agents for necessary action.Monitoring is done by CBEC Team resulting in high degreeof resolution.There is also an ICES related grievance redressal systemworking through ICEGATE - Helpdesk.

Action completed

The relevant provision relating to GAAR has already beenmade in the Income Tax Act.

Action completed

37




85. 152 I propose to impose a Cess, called the KrishiKalyan Cess, @ 0.5% on all taxable services,proceeds of which would be exclusively usedfor financing initiatives relating to improvementof agriculture and welfare of farmers. The Cesswill come into force with effect from 1st June2016. Input Tax credit of this cess will beavailable for payment of this cess.


86. 153 The pollution and traffic situation in Indian citiesis a matter of concern. I propose to levy aninfrastructure cess, of 1% on small petrol, LPG,CNG cars, 2.5% on diesel cars of certaincapacity and 4% on other higher enginecapacity vehicles and SUVs.


87. 156 I propose to rename the 'Clean Energy Cess'levied on coal, ligniteand peat as 'CleanEnvironment Cess' and simultaneouslyincrease its rate from `200 per tonne to `400per tonne.


88. 160 I propose a limited period Compliance Windowfor domestic taxpayers to declare undisclosedincome or income represented in the form of anyasset and clear up their past tax transgressionsby paying tax at 30%, and surcharge at 7.5%and penalty at 7.5%, which is a total of 45% ofthe undisclosed income. There will be no scrutinyor enquiry regarding income declared in thesedeclarations under the Income Tax Act or theWealth Tax Act and the declarants will haveimmunity from prosecution. Immunity fromBenami Transaction (Prohibition) Act, 1988 isalso proposed subject to certain conditions. Thesurcharge levied at 7.5% of undisclosed incomewill be called KrishiKalyan surcharge to be usedfor agriculture and rural economy. We plan toopen the window under this Income DisclosureScheme from 1st June to 30th September, 2016with an option to pay amount due within twomonths of declaration.


Enabling provision in Section 161 of the Finance Act, 2016has come into force from 14.5.2016. Notifications have beenissued on 26.5.2016 to give effect to the said Section in theFinance Act.

Action completed

Implemented vide Section 162 of the Finance Act, 2016read with the Eleventh Schedule read with Notification No.1/2016-Infrastructure Cess dated 1.3.2016.

Action completed

Implemented vide Tenth Schedule to the Finance Act, 2010as amended by Section 235 (ii) of Finance Act, 2016.

Action completed

The Finance Act, 2016 vide Chapter IX contains the IncomeDeclaration Scheme, 2016.This Scheme has come into force from 1st June, 2016 andthe relevant rules in this regard have been notified.

Action completed

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89. 162 Litigation is a scourge for a tax friendly regimeand creates an environment of distrust inaddition to increasing the compliance cost ofthe tax payers and administrative cost for theGovernment. There are about 3 lakh tax casespending with the 1st Appellate Authority withdisputed amount being 5.5 lakh crores. In orderto reduce this number, I propose a new DisputeResolution Scheme (DRS).


90. 164 I had in my Budget speech of July, 2014assured that this Government would notretrospectively create a fresh tax liability. I hadalso hoped then that the cases pending invarious courts and other legal fora relating tocertain retrospective amendments undertakento the Income-tax Act, 1961, through theFinance Act, 2012 will soon reach their logicalconclusion. I would like to reiterate that we arecommitted to provide a stable and predictabletaxation regime. We will not resort to suchamendments in future. I had also announcedconstitution of a High Level Committee whichwould oversee any fresh case where theassessing officer proposes to assess orreassess the income in respect of indirecttransfers by applying the retrospectiveamendment. In order to allay any fears of taxadventurism, this Committee will now bechaired by the Revenue Secretary and consistof Chairman, CBDT and an expert from outside.This Committee will effectively oversee theimplementation of the assurances.


91. 165 In order to give an opportunity to the past caseswhich are ongoing under the retrospectiveamendment, I propose a one-time scheme ofDispute Resolution for them, in which, subjectto their agreeing to withdraw any pending caselying in any Court or Tribunal or any proceedingfor arbitration, mediation etc. under BIPA, theycan settle the case by paying only the taxarrears in which case liability of the interest andpenalty shall be waived.


92. 166 Levy of heavy penalty for concealment ofincome has over the years resulted in largenumber of disputes despite a number of

The Finance Act, 2016 vide Chapter X contains Direct TaxDispute Resolution Scheme, 2016.The Scheme has come into force from 1st June, 2016 andthe relevant rules in this regard have also been notified.

Action completed

The Committee under the Chairmanship of Revenue hasbeen constituted vide order dated 10.05.2016.

Action completed

The Finance Act, 2016 vide Chapter X contains Direct TaxDispute Resolution Scheme, 2016.The Scheme has come into force from 1st June, 2016 andthe relevant rules in this regard have been notified.

Action completed

Through Finance Act, 2016 necessary amendments in theIncome Tax Act have been carried out for rationalization ofpenalty provisions by insertion of new Section 270A.

39



decisions of the Apex court on interpretationof statutory provisions and principles guidingimposition of penalty. At present the Income-tax Officer has discretion to levy penalty at therate of 100% to 300% of tax sought to beevaded. I propose to modify the entire schemeof penalty by providing different categories ofmisdemeanor with graded penalty and therebysubstantially reducing the discretionary powerof the tax officers. The penalty rates will nowbe 50% of tax in case of underreporting ofincome and 200% of tax where there ismisreporting of facts. Remission of penalty isalso proposed in certain circumstances wheretaxes are paid and appeal is not filed.


93. 168 As another tax payer friendly measure, Ipropose to provide a time limit of one year fordisposing petitions of the tax payers seekingwaiver of interest and penalty.


94. 169 The Income-tax Department is also issuinginstruction making it mandatory for theassessing officer to grant stay of demand oncethe assesse pays 15% of the disputed demand,while the appeal is pending beforeCommissioner of Income-tax (Appeals). Incase of deviation, assessing officer has to getorders of his superiors. The tax payer also hasan option to go to superior officer in case hedoes not agree with conditions of stay orderpassed by the subordinate officer.


95. 170 In order to remove backlog of cases we arecreating 11 new benches of Customs, Exciseand Service Tax Appellate Tribunal (CESTAT).


96. 172 I also propose to amend the CENVAT CreditRules, 2004, so as to improve credit flow,reduce the compliance burden and associatedlitigation, particularly those relating toapportionment of credit between exempted andnon exempted final products/services. Theamendments in these rules will also enablemanufacturers with multiple manufacturing

Further, Section 270AA has also been inserted whichprovides for remission of penalty under circumstancesspecified therein.

Action completed

Through Finance Act, 2016 necessary amendments in theIncome-tax act have been carried by way of amendment insection 220, 273A and 273AA.

Action completed

Necessary instruction have already been issued to the fieldauthorities by IT&CT Division vide OM dated 29.02.2016.

Action completed

In views of implementation of GST, there will be separateset of Appellate Tribunals operating. Therefore, with theapproval of Hon'ble FM it has been decided to drop theproposal to create 11 new benches of CESTAT.

Proposal dropped

Requisite notification no. 13/2016-CE (NT) dated01.03.2016 has been issued.

Action completed

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units to maintain a common warehouse forinputs and distribute inputs with credits to theindividual manufacturing units.


97. 174 To reduce multiplicity of taxes, associatedcascading and to reduce cost of collection, Ipropose to abolish 13 cesses, levied by variousMinistries in which revenue collection is lessthan `50 crore in a year.


98. 176 Non-residents without PAN are currentlysubjected to a higher rate of TDS. It is proposedto amend the relevant provision to provide thaton furnishing of alternative documents, thehigher rate will not apply.


99. 178 I propose to provide additional options tobanking companies and financial institutions,including non-banking financial companies, forreversal of input tax credits with respect to non-taxable services provided by them by way ofextending deposits, loans and advances.


100. 179 Our Government has taken a number of stepsto reduce the cargo release time and thetransaction costs of EXIM trade. I propose toamend the Customs Act to provide for deferredpayment of customs duties for importers andexporters with proven track record.


101.180 In 2014-15 Budget, I had announced the intentto implement Indian Customs Single WindowProject. We have made significant progress inthis and it would be implemented at major portsand airports starting from beginning of nextfinancial year.


102.181 The customs Baggage Rules for internationalpassengers are being simplified so as toincrease the free baggage allowance. The filing

Of the 13 cesses proposed to be abolished in BudgetSpeech 2016-17, 11 cesses were abolished through theFinance Act, 2016. Further, in respect of cesses levied onremaining two items, the levy on cement has beenabolished by Department of Industrial Policy and Promotion(DIPP) on 29.7.2016. For abolition of cess on straw board,the matter has been taken up with DIPP.

Work in progress

Finance Act, 2016 vide section 86 amended section 206AAof the Income-tax Act, 1961 to fulfil the budgetannouncements. Rules in this regard are currently underexamination of Law Ministry.

Action completed

Requisite Notification No. 13/2016-Central Excise (NT dated01.03.2016.) issued.

Action completed

Rule under the Customs Act, 1962 to provide, for deferredpayment of Customs Duty for importers and exporters withproven track record have since been issued vide notificationno. 134/2016-Customs (NT) dated 2.11.2016.

Action completed

Indian Customs Single Window Project has been rolled outw.e.f. 1st April, 2016.This initiative has been named as SWIFT (Single WindowInformation for Trade).

Action completed

Customs Baggage rules 2016 has also come into effectwith effect from 01.04.2016.

Action completed

41



of baggage declaration will be required onlyfor those passengers who carry dutiable goods.


103. 182 Use of Technology for creatingaccountabilityTechnology is a boon for mankind. We plan touse technology in taxation Department in a bigway to make life simpler for a law abidingcitizen, and also for data mining to track taxevaders.


104. 183 A pilot was run in 2015-16 for e-assessmentto obviate the requirement for tax payers to visitthe Income-tax offices. I propose to expand thescope of e-assessments to all assessees in 7mega cities in the coming years. The casesselected for scrutiny will be scrutinized in e-environment whereby unless the assesseehimself wants to be heard, or for specialreasons to be recorded, the assessing officerwants to hear the party, there will be no face toface contact of IT Department with assessee.


"Project insight" has been initiated by CBDT to develop anintegrated data warehousing and business intelligenceplatform for strengthening the non-intrusive and information-driven approach for improving compliance and effectiveutilization of information in all areas of tax administration.The implementation of the project has been approved bythe competent authority and the contract with serviceprovider signed in July, 2016.

Action completed

♦ E-Assessment project aims usher in paperlessenvironment while carrying out regular assessmentof security cases selected under CASS. On pilotbasis, it is being implemented in select non-corporate charges of 5 major cities i.e. Bangalore,Delhi, Mumbai, Chennai and Ahmadabad.

♦ To enable the assessment to be carried out in e-environment, in exercise of powers delegated bythe Board as per Sub Rule (3) of Rule No.127 ofthe Income Tax Rules, 1962, the Directorate ofIncome Tax (Systems) has issued notification dated03.02.2016 on procedure, formats and standardsfor ensuring secured transmission of the electroniccommunication. As per the notification a copy ofall the e-mail communications sent and receivedare to be mandatorily marked to [email protected].

♦ As a part of this initiative, new function is beingprovided to the taxpayers to access the noticessent/ submission made in response to suchstatutory notices on the e-filing portal, where in theassesses would be able to access all thecommunication related to e-assessment by logginginto the e-filing portal. The POC for integrating e-filing with e-mails received in [email protected] is under progress.Going forward after the complete roll out of ITBA,the whole process of e-assessment will beintegrated between ITBA and e-filing and all dataregarding the same will be available in ITBA.

♦ As per the record available in e-mail id [email protected] as on 08.04.2016,it is seen that a total of 90 orders pertaining to FY2013-14 have been sent to the assesses throughe-mail under the initiative of e-assessment. A totalof 198 mails have been exchanged under thisinitiative out of which 135 letters / notices have beenissued by the assessing Officer to the assessesthrough e-mails and 63 mails have been receivedfrom the assesses by way of reply to the lettersand notices issued by the Department.

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105. 184 Income-tax Department (ITD) will fully expandthe pilot initiative of 'e-Sahyog' with a view toreduce compliance cost, especially for smalltaxpayers. The objective of the 'e-Sahyog' pilotproject is to provide an online mechanism toresolve mismatches in Income-tax returnswithout requiring taxpayers to attend theIncome-tax office.


106. 185 I propose that in matters pertaining to Income-tax Act, Government will pay interest at the rateof 9% p.a against normal rate of 6% p.a in casethere is delay in giving effect to Appellate orderbeyond ninety days. The officers who delay it,will be accountable for this loss to Government.[Nodal Ministries/Departments:D/o Revenue]

107. 186 I also propose to change the procedure toprovide for a shift from physical control to recordbased control for customs bonded warehouses,supported by sophisticated IT systems.[Nodal Ministries/Departments:D/o Revenue]

Hon'ble FM in his budget speech has stated that e-assessment will be rolled out to 7 Major cities in the comingyear. Accordingly this facility of e-assessment will beextended to another two cities. A separate proposal in thisregard to CBDT is being moved by this directorate foridentification and rolling out of this pilot scheme to two morecities.

Action completed

In the first cycle of e-Sahyog, 91,113 taxpayers wereidentified for resolution of information-mismatch out of which23,323 taxpayers have submitted their response on e-filingportal under e-Sahayog and 2,366 taxpayers have filedrevised return of income.The result of first cycle of e-sahyog was analyzed andnecessary modification have been carried out in 7 scenariosto improve the effectiveness of online verification. In addition,CBDT has approved expansion in the scope of e-sahyogby including two additional scenario.In the second cycle of e-Sahyog, 57,785 taxpayers havebeen identified for online resolution.

Action completed

Vide Finance Act, 2016, provisions of section 244A of theIncome-tax Act, 1961 have been amended to fulfill thebudget announcement.

Action completed

On the date of enforcement of the Finance Act, 2016(14.5.2016), regulations have been issued for various typesof warehouses to switch over the records based controls.

Action completed

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