Modi Sarkaar Achievements - Reference Thread

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Aug 24, 2018 2:25 am

Eliminating Corruption


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Lilo
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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Aug 24, 2018 8:12 pm

Make In India Success:Imported share of 'indigenous' weaponry down from 48% to 40% in last 4 yrs


“Last year, the total production by defence PSUs (public sector undertakings) and OFB (Ordnance Factory Board) was about Rs 590 billion, of which Rs 138 billion was the value of imported components. That is roughly 24 per cent. But when we look at Hindustan Aeronautics Ltd (HAL), out of Rs 172 billion of production, Rs 70 billion was imported components -- nearly 40 per cent,” the daily quoted Secretary for Defence Production Ajay Kumar as saying.

“This 40 per cent today was 48 per cent in 2014-15. So we have been able to progressively reduce it,” Kumar said at a conference on Friday.

According to Air Marshal RKS Shera, the IAF’s maintenance chief, at least 50,000 imported parts have been indigenised. At least 3,000 parts are indigenised every year, he said, adding that another 80,000 components can be built in India.

A large number of imported items are used in weapons and fighters produced in India. However, this is changing. In a reply to Lok Sabha, Minister of State for Defence Subhash Bhamre has said that indigenous content of the Light Combat Aircraft Tejas is 59.7 per cent by value and 75.5 per cent by numbers. In May, The Hindu had reported that the indigenous component in BrahMos will increase to 76 per cent from the current 65 per cent in the next six months.
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Earlier this year, the Centre announced setting up of defence corridors in Tamil Nadu and Uttar Pradesh, where micro small and medium enterprises (MSMEs) working in the defence manufacturing sector will be linked to form clusters. If the initiative takes off, then by 2025, Sundaram may be one of the units who will drive TN to become a major exporter of subsystems and components to original equipment manufacturers (OEMs) in Europe and Russia, contributing to the export target of Rs 35,000 crore. With high dependence on imports and the export being at Rs 1,995 crore, the Centre came up with a draft defence production policy with targets by 2025.

The project stakeholders point out the forte of the MSMEs. Trichy is known for fabrication and machining; some SME units specialise in laser cutting for tungsten which could be supplied for ships and submarines. Coimbatore has a strong base in foundry, machining and forging, while Chennai, Coimbatore and Trichy have been making automobile components. "Larger companies in Coimbatore already supply parts to the Indian space programme and small industries are contributing to automobile industries. They have the capability and we have a requirement, it is a question of connecting the two," said Saha.

The Tamil Nadu Defence Corridor, also called the Tamil Nadu Defence Production Quad as the nodal cities form a quadrilateral, will include Chennai, Hosur, Salem and Coimbatore, Tiruchirappalli as nodes. These nodal cities have existing defence ecosystem in the form of OFBs, vendors working with Defence PSUs, and other allied industries. The Tamil Nadu Defence Corridor aims to bolster interaction between all industry players in order to create long-term synergy and eventual development of the area into a Defence Production powerhouse.
Defence Ministry Clears Key ‘Strategic Partnership Model’ Policy To Boost Indigenous Defence Manufacturing


Chaired by the Defence Minister Nirmala Sitharaman, the Defence Acquisition Council (DAC) has cleared a key policy which intends to increase local manufacturing of defence equipments, The Tribune has reported.

The ministry has approved the guidelines for the functioning of ‘Strategic Partnership Model’ policy, where foreign manufacturers can collaborate with Indian companies to produce the equipments in India. The guidelines were made a part of defence procurement procedure (DPP) which provides a framework for defence manufacturing in India.

The guidelines provide incentives to foreign companies which agree upon advanced technology transfers. The policy also provides for special committees for executing the partnerships. “In an endeavour to convert policy into implementable directions and to kick-start the process, the Defence Acquisition Council (DAC) also approved platform-specific guidelines for procurement of naval utility helicopters,” a defence ministry release is quoted to have said.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Aug 24, 2018 8:55 pm

After pushing through legislation, Modi govt starts the critical process of selling ‘enemy properties’ valued at Rs 1 lakh crores
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Mahmudabad Mansion in Lucknow’s Hazratganj is an ‘enemy property’.
Enemy properties are basically the properties owned by those individuals who have migrated to countries like Pakistan and China and have also taken their citizenship. Specifically as per the act, ‘enemy property’ refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm.

This move came after the amendment to the Enemy Property Act in 2017 and 2018, which ensured that the heirs of those who migrated to Pakistan and China during Partition and later would have no claim over the properties left behind in India. The highest number of these properties are located in Uttar Pradesh numbering 4,991, followed by West Bengal with 2,735. Of the total properties, about 9,280 belong to Pakistani nationals and some 126 belong to the Chinese.

History of Congress subterfuge to stall the Enemy Property liquidation even after being directed by SC:
In 2010 it is with the case of Raja Mahmudabad that the tale of Congress’ treachery begins. The counsel representing the kin was the then minority affairs minister Salman Khurshid. After the case, the United Progressive Alliance government was forced to promulgate an ordinance that would essentially overturn the Supreme Court decision. Khurshid led a cross-party delegation and convinced the then prime minister Manmohan Singh to not only allow the ordinance to lapse but also to not table the bill (which was extremely diluted) in Parliament.
When it comes to a vacant enemy property, the custodian is authorised to sell it partly or in whole for the maximum possible price after taking prior permission from the central government. All the proceedings of the sale would go to the “consolidated fund of India”.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Sat Aug 25, 2018 11:58 pm

Four years of Modi govt: Naxals find their stronghold shrinking

Incidents of left-wing extremism have declined by 60% from 2,258 in 2009 to 908 in 2017, according to union home ministry statistics

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A file photo of Naxals awaiting to surrender before the Chhattisgarh chief minister Raman Singh in Raipur.


New Delhi: On 16 April, the Union home ministry removed 44 districts from the list of left-wing extremism (LWE) hit states, bringing the number of affected districts down to 30. Soon after, in May, security forces killed more than 40 Naxalites in Maharashtra’s Gadchiroli district.

These numbers reflected how well the security forces had done in lessening the threat, said a senior home ministry official.

“If you look at the last four years, we have made significant progress. LWE areas, especially those in Chhattisgarh and Jharkhand, were neglected before 2014. But we have introduced infrastructure projects that are ushering in development in these areas and have also been sending out troops on area combing operations to destroy Naxal hideouts,” said the senior home ministry official cited above, requesting anonymity.
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In 35 Years tenders floated for the bridge 11 times as contractors were scared away repeatedly.
After 2014 finally construction started and finished in 3 years when the Border Security Force personnel set up their base near the bridgehead.

Gurupriya Bridge
The cost in terms of human lives has been high. According to this New Indian Express report (TNIE) report, over the span of 10 years between 2008 and 2018, nearly 332 Maoist-related incidents have taken place killing 101 civilians and 77 Indian security personnel. Within the area cut off from the mainland, 25 civilians, 49 security forces, including 37 Grey Hounds (special police units set up to tackle Left-Wing Extremism) had lost their lives.
In 2011, erstwhile district collector R Vineel Krishna was abducted, while four BSF personnel were slain in 2012. Constant attacks during construction on the bridge was the Maoist response to the real threat they face with the establishment now having better, all-day access to these regions.
This bridge indeed marks the dawn of a new era for the once-marooned communities of Malkangiri district, and one hopes that with the bridge in place, the region will now have better access to health, education, rural electrification and a plethora of other basic public services.
The government of India’s National Policy and Action Plan, with its emphasis on security and development, is definitely making an impact. Apart from the construction of roads, mobile towers, setting up of banks, post offices, Kendriya Vidyalayas, etc, the most significant achievement has been in poverty reduction. A recent study published in a Brookings blog says that by 2022, less than 3 per cent of Indians will be poor and that extreme poverty could be eliminated altogether by 2030.
Incidents of left-wing extremism have declined by 60% from 2,258 in 2009 to 908 in 2017, according to Union home ministry statistics. At the same time, the casualties among security forces in left-wing extremism-hit areas increased by 27%, from 59 in 2015 to 75 in 2017, including 35 Central Reserve Police Force (CRPF) personnel who were killed by the Naxalites in April 2017.

Speaking at the passing out parade of the CRPF’s Bastariya Battalion in Chhattisgarh’s Ambikapur, Union home minister Rajnath Singh said on Monday.

“Naxalism is a challenge but I want to say that this menace is now shrinking. Casualties among security forces have declined by 53-55%. The geographical expanse of LWE-affected areas has also decreased by 40-45%. We have also decided that all those left-wing extremism leaders who have earned money by using poor people and manipulating their innocence, will be punished,” Singh said.

Singh’s promise, however, comes three months after the Enforcement Directorate (ED) had for the first time zeroed in one of India’s top Naxal leaders. The agency had in February attached assets worth Rs86 lakh of Vijay Yadav, aka Badka Bhaiya, under the Prevention of Money Laundering Act.

Defence experts however, stated that despite the Union home ministry’s efforts at eliminating Naxalism from India’s LWE districts, a lot of loopholes remained to be plugged.

“The CRPF needs to be better equipped and supported. It is doing great work in these areas but it needs to be given more support as well as more manpower especially in Chhattisgarh,” said Gaurav Arya, a former Indian Army official and defence expert.
The Home Minister of India recently claimed that the challenge of Naxalism in the country is on its “last legs”. His assessment stems from the fact that the security forces have been achieving signal successes against the Maoists.The trajectory of Maoist violence has been showing a downward trend. A number of central committee and politburo members have been neutralised.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Sun Aug 26, 2018 12:23 am

Nearly 44 Indians come out of extreme poverty every minute: Brookings Study

Defining extreme poverty as living on less than $1.9 a day, a recent study(Jun 2018) published in a Brookings blog says that by 2022, less than 3 per cent of Indians will be poor and extreme poverty could be eliminated altogether by 2030.

New Delhi: India is no longer the country with the largest number of poor as Nigeria has taken that unwanted position, The Times of India reported citing a study published in the ‘Future Development’ blog of Brookings. According to the study, about 44 Indians come out of extreme poverty every minute, one of the fastest rates of poverty reduction in the world and if the trend continues, then India could drop to the number 3 position later this year with the Democratic Republic of the Congo taking the number 2 spot.Defining extreme poverty as living on less than $1.9 a day, a recent study published in a Brookings blog says that by 2022, less than 3 per cent of Indians will be poor and extreme poverty could be eliminated altogether by 2030. “At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million. What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall,” TOI quoted the study published in the ‘Future Development’ blog of Brookings as saying.However, because of differences in how poverty is measured, the estimates of extreme poverty reduction may not match with the numbers published by the Government of India, the TOI report said. According to the World Bank, between 2004 and 2011 poverty declined in India from 38.9 per cent of the population to 21.2 per cent (2011 purchasing power parity at $1.9 per person per day).Economists say rapid economic growth has helped India eradicate extreme poverty. The TOI report quoting N R Bhanumurthy, professor at the National Institute of Public Finance and Policy said "assumption that India would be able to eliminate extreme poverty by 2030 seems realistic given the country’s record in the past 10 years in reducing poverty and its ability to meet the Millennium Development Goals." “Going ahead, the challenge is to meet the Sustainable Development Goals, which will help realise the study’s findings that India would be able to eliminate extreme poverty by 2030,” Bhanumurthy told TOI.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Tue Aug 28, 2018 7:42 pm

https://t.me/NamoForPM
A Telegram channel curated by Dr Raju Shah @Songadiya in twitter (a brfite )
Follow this in telegram for updates

https://modigovernment.quora.com/
Quora thread on the same topic

i referred the above threads for research for my posts in this thread.Also i request members to post links for other similar resources which can help me and others track this topic .
Also please free to crosspost news links , snippets and images from this thread to any other gufa ,attribution is never needed in my case.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Wed Aug 29, 2018 5:58 am

Decline in Agriculture Cost: Savings of 8-10% of fertilizers and 5-6% increase in crop yield, as a result of fertilizer application as per the recommendations of Soil Health Cards(coverage now at 82% of farmers)


Soil Health Card Scheme plays a vital role in enhancing agricultural production in a sustainable manner. The Government has introduced Soil Health Card (SHC) Scheme to assist State Governments to provide Soil Health Cards to all farmers across the country once in a cycle of 2 years. Soil Health Cards provides information to farmers on nutrient status of their soil along with recommendations on appropriate dosage of nutrients to be applied for improving soil health and its fertility, which results in enhanced agricultural productivity.

National Productivity Council (NPC) in their study, has reported savings of 8-10% of fertilizers and 5-6% increase in crop yield, as a result of fertilizer application as per the recommendations of Soil Health Cards.

This Information was given by the Minister of State for Ministry of Agriculture & Farmers Welfare Shri Parshottam Rupala
At the National Conference on Doubling Farmers’ Income on 21 February, 2018, the Prime Minister said, “Till date, more than 11 crore farmers have been given Soil Health Cards.{there are 13.5 crore cultivators in India} There has been an increase in productivity due to the Soil Health Card. Now the farmers are aware of the amount of fertilisers required depending on the soil.”
India expected to stop urea imports(currently at $2 Billion) by 2021 on rising domestic production, reduced overuse and prevented diversion

Ind-Ra estimates urea imports to decline to nil by FY21. "We do not have domestic reserves of MOP and hence will continue to import 100 percent of potash. Globally, the potash market is controlled by five companies, given their proximity to the raw material.

The country consumes 55 million tonne of fertilizers annually, of which 72 percent is domestically produced while the rest is imported, India Ratings and Research (Ind-Ra) said in a report.

Of the 15.5 million tonnes of fertilizers imported, urea, DAP, and MOP constituted 6 million tonnes (39 percent), 4.3 million tonnes (28 percent) and 4.7 million tonnes (31 percent), respectively, during FY18.

The five urea plants that are to be revived are based in Talcher, Ramagundam, Gorakhpur, Sindri and Barauni, and have a capacity of around 1.27m tonnes/year each.

The government has previously said it plans to invest $8.7bn to revive mothballed fertilizers plants and construct gas pipelines to become self-sufficient in urea by 2021, with some surplus available for export too.

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The mandatory coating of urea with neem oil triggered the current downtrend in sales. It curtailed the diversion of urea to non-farm uses and prompted efficient use of the crop nutrient, says S.K. Mishra, chief executive officer at GSFC Agrotech Ltd, a subsidiary of Gujarat State Fertilizers and Chemical Ltd. According to Mishra, the same plot of land now roughly requires 10% less urea thanks to neem coating and its benefits.

G.V. Ramanjaneyulu, executive director at Centre for Sustainable Agriculture, agrees that neem coating has increased urea usage efficiency. But he also attributes the downtrend in urea sales to organic farming and its growing prevalence in high fertilizer usage states of Andhra Pradesh and Telangana. With other states such as Odisha also encouraging organic farming and growing realization among farmers about its benefits, it will not be a surprise if DAP (diammonium phosphate), another widely used fertilizer, also tracks the urea sales trends, says Ramanjaneyulu.
PM Modi wants India to cut urea consumption to half by 2020 and stop overuse

Prime minister Narendra Modi gave a clarion call to farmers to cut urea consumption by half by 2022, in his Mann ki Baat address on November 26, 2017. He cited an example of farmers in Tohu village in Hamirpur district of Himachal Pradesh who increased wheat productivity by three times, reduced urea consumption significantly based on soil health cards (SHCs), and increased their income by Rs 5000-6000 per acre.

It is well known that urea prices in India are perhaps the lowest in the world (hovering around $86/tonne) while the prices in the neighbouring countries in South and South East Asia, and China, are at least 2-3 times higher. Also, the price ratio of urea to DAP and MOP is highly skewed. No wonder, therefore, that Indian farmers are using higher doses of urea (nitrogen) compared to phosphate (DAP) and potash (MOP), and are not getting the best result in terms of yields. Also, there is massive deficiency of micro-nutrients, especially zinc (by about 48%) in our soils, which leads to zinc deficiency in wheat and rice, contributing to stunting of children. This imbalanced use of N, P, and K, therefore, needs urgent correction. Extremely low prices of urea also lead to its diversion for non-agricultural uses as well as smuggling to neighbouring countries—this needs to be checked. So, given these realities on the ground, PM’s call to slash urea consumption by half by 2022, needs serious thought. This assumes importance as a similar call was given by the PM on February 28, to double farmers’ incomes by 2022, which led to the formation of a committee in the government that has prepared a 14-volume report on how to achieve that! One should not be surprised if similar effort goes in preparing yet another report to halve urea consumption by 2022.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Aug 31, 2018 3:05 am

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Railway electrification rate more than tripled in NDA compared to UPA,IR sees rapid progress towards optimal electrification of railway network
Railway electrification rate more than tripled from 491 RKM per year under UPA (2003-04 to 2013-14) to 1607 RKM per year under present government (2014-15 to 2017-18).
New Delhi: The Railways Minister Piyush Goyal has said that route electrification of railways in the country was going on full speed and electrification work on 6,000 km will be completed by the next year. As per the plan, it's been proposed to electrify 7,000 km in the year 2019-20 and 10,500 km would be electrified in the year 2020-21. In reply to a supplementary question raised by AIIDMK member K Gopal in Lok Sabha on Wednesday during Question Hour, the Railways Minister said, "Electrification of locomotives is a good idea as it helps in saving precious foreign exchange and import of diesel. It's environment-friendly too as it ensure that the pollution caused by trains is significantly reduced."
Our target is to turn railways profitable, double its revenue by 2025: Piyush Goyal
ET Bureau|Jun 12, 2018
At present, Indian Railways spends Rs 18,000 crore annually on purchase of diesel. On the other hand, its electricity purchase bill is pegged at Rs 9,000 crore. As per estimates, if railways run all its trains on electricity, the expenditure on purchase of power will be Rs 16,000 crore and thus saving Rs 11,000 crore every year.
The minister said his focus was to increase capacity by improving signalling, expanding the electrified network, adding more lines in congested stretches and enhancing utilisation of assets. “Reducing cost is the most important thing. If we were to electrify large parts of our network, we can easily save around Rs 15,000 crore in fuel bill itself,” the minister said.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Sat Sep 01, 2018 2:51 am

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How PMAY- G is truly transforming the rural landscape

Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was launched on November 20, 2016 to restructure the erstwhile rural housing scheme, Indira Awaas Yojana (IAY). The scheme was part of the vision for ‘Housing for All’ by 2022 under the present government.
A target was set to complete the construction of one crore houses by March 31, 2019, along with two lakh incomplete IAY houses. This target was broken up into 51 lakh houses in 2017-18 and 51 lakh houses in 2018-19. Let us see how the scheme has performed in more than one year of its launch.

The pace of work under PMAY-G
The most striking thing about PMAY-G is the pace of work at which the construction of houses is being completed. The pace of construction has increased by nearly four times in the last four years. This comes despite the fact that PMAY-G is a relatively new scheme and it took months to complete the process of beneficiary registration, geo-tagging, account verification etc. after its launch. Let us have a look at this trend.
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The number of rural houses completed under PMAY-G and IAY in 2017-18, is more than four times the number of houses completed under IAY in 2013-14. This shows us the sheer pace of work under the new scheme.
Against the target of 51 lakh houses for 2017-18, more than 44.54 lakh houses have been constructed (PMAY-G and IAY). While this may seem like missing the target, it is more than satisfactory considering that this is a new scheme and the pace of work has multiplied.
The fact that we are actually looking at the completion of more than one crore rural houses as a target by March 2019 shows that this scheme has really transformed the rural landscape for the better.

How was this made possible?
Timely availability of funds to the beneficiaries is necessary to complete projects in a targeted manner. The faster completion of houses has come on the back of payment of assistance directly into the beneficiary account through IT-DBT platform.
With improved cost, better designs, IT/DBT, training of rural masons and continuous effective monitoring in partnership with beneficiaries, local governments, State Governments and Central Government, significantly better performance has been achieved. http://pib.nic.in/newsite/PrintRelease. ... lid=177838
The scale of work undertaken can be gauged by the fact that against the target of completing one crore houses by 2018-19, more than 76 lakh beneficiaries have been sanctioned funds and approximately 63 lakh beneficiaries have received first installment.

Efficient use of technology
Apart from the usage of IT-DBT platform for payment assistance, technology is also being used to monitor the complete cycle of house construction, right from identification of the beneficiary to each stage of construction of houses to completion. Geotagging of the completed houses with photograph and other details is done and made available on the PMAY-G website. There is a mobile app ‘AwaasApp’ for the same.
Efficient use of technology at every stage has led to transparency, plugging of leakages of government funds and has reduced the time and cost in house construction at the same time.

Conclusion
The pucca houses built under PMAY-G with provisions of toilet, LPG connection, electricity connection and drinking water, among others, will provide a life of dignity and health to the rural population. The pace and vigor with which the project is being carried out, has and will keep transforming the rural landscape.
Almost 28% of the total 46 lakh beneficiaries so far of PMAY-G are Dalits.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Tue Sep 04, 2018 2:37 pm

How India's Debt Recovery Is Spurring Record M&A -Bloomberg

India’s banks have stepped up a drive to sell the assets of companies that can’t repay their debts. A deadline set by the central bank to restructure an estimated 3.6 trillion rupees ($51 billion) of stressed loans expired on Aug. 27, driving at least a dozen companies into bankruptcy proceedings. Many of the other indebted companies are finding buyers, adding to already record levels of mergers and acquisitions in Asia’s third-largest economy this year. Purchasers of stressed assets have included ArcelorMittal, the world’s biggest steelmaker, billionaire Anil Agarwal’s giant Vedanta Resources and Tata Group, the South Asian nation’s largest conglomerate.

1. How much is at stake?
India has the worst bad-loan ratio after Italy among the world’s 20 largest economies, with state-run banks responsible for nearly 90 percent of the $210 billion in loans where payments are in arrears. For Prime Minister Narendra Modi, getting rid of the soured debt is crucial to reviving Asia’s third-largest economy and meeting his election pledge of adding millions of jobs before his party seeks re-election in 2019. His government’s separate plan to inject 2.1 trillion rupees into state-owned banks should give the lenders sufficient capital to write off bad loans weighing down their balance sheets.

2. What does the bankruptcy law have to do with this?
The Insolvency and Bankruptcy Code, India’s first consolidated bankruptcy law, was passed in 2016, overwriting a patchwork of laws that in some cases dated back a century. One of Parliament’s primary aims was to give state banks a tool to resolve the growing problem of bad debts. Among other steps, the law created a new class of insolvency professionals to help steer the liquidation process.

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3. What made India overhaul the bankruptcy law?
The inability to shut loss-making companies and collect on dues had locked up funds at banks and damped lending and investment. Indian insolvencies took longer to resolve than in any other major economy; only in Brazil did creditors typically recover less. Overall, India was No. 103 in the World Bank’s 2017 ranking of how nations handle insolvencies, just behind Nicaragua.

4. Why does India have so many bad debts?
Most of the companies that found themselves in a hole were hobbled by loans taken in 2007-08, which became difficult to service as demand cooled. Some borrowers found it even harder to repay when the government tightened various regulations, the courts canceled coal mining licenses and gas supplies dwindled, real-estate prices fell and interest rates rose. Making matters worse, there was long a belief among some Indian executives that they could walk away from their debts without facing consequences.

5. What else is happening?
The Reserve Bank of India last year pushed lenders to take about 40 large defaulters to bankruptcy court. Then this February, the regulator laid out stringent new rules for resolving the loans of companies that missed payments by even a single day, allowing 180 days for a restructuring. Delinquent loans that can’t be resolved must then be taken to insolvency court within 15 days. More than $50 billion in loans that were already in default when the rules came into force ran out of time on Aug. 27, leading to a rush of deal-making -- and bankruptcy pleas.

6. Who has been hardest hit?
The power sector. India’s largest bank identified 34 stressed coal-fired projects with a combined capacity of 40 gigawatts and about 1.8 trillion rupees in dues. Their troubles began when India de-licensed private investments in thermal power generation in 2003, drawing in new money, without investing in the supporting infrastructure, such as fuel supplies, railway networks to ship coal and transmission lines. The most enduring problem though has been the financially weak distribution companies, which weren’t able to buy and carry the new power generated to consumers. Plants were under-utilized and several projects stalled due to a lack of funds or difficulties in getting land and environmental approvals.

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7. How does the insolvency process work?
A creditor to a company that has defaulted on its payments files an insolvency plea to the National Company Law Tribunal to recover its dues. The Tribunal hears arguments. If it is satisfied that the dues cannot be paid, it suspends the defaulting company’s board, determines the amount of claims to be recovered and appoints an independent insolvency resolution professional. That professional invites restructuring plans from bidders, who can submit their bids within 180 days, extendable by another 90 days. If the submitted plans are not approved by the majority of creditors, the Tribunal declares the company bankrupt and starts the process for liquidation of assets.

8. Which industries are seeing successful resolutions?
The steel sector has been the biggest success so far in the bankruptcy resolution process. In May, Tata Steel Ltd. bought Bhushan Steel Ltd. for about 364 billion rupees, paying about 63 percent of the 560 billion rupees claimed by creditors. Billionaire Agarwal bought the assets of Electrosteel Steels Ltd., while the country’s top mill JSW Steel Ltd. and partner Aion Capital Partners purchased Monnet Ispat & Energy Ltd.

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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Wed Sep 05, 2018 3:35 am

Indian port productivity gains accelerate - Average turn around efficiency jumps by 60 percent compared to 2014
India Special Correspondent | Jul 18, 2018 9:25AM EDT

Ships calling at Indian ports are turning around faster and benefiting from higher berth productivity thanks to a renewed government focus on port infrastructure development and ease-of-doing-business measures.

Major, or public, ports’ productivity statistics collected by JOC.com from official sources show vessel turnaround times have dramatically improved in recent years — averaging 64 hours in fiscal 2017-2018, compared with 82 hours in 2016-2017 and 87 hours in 2015-2016.{While it was 102 hours in 2014-2015.}

For container ship calls, that average level was 40 hours last year, down from 43 hours in the year before and 45 hours the year before that.

The data analysis also shows major, public ports’ average output per ship berth day — another key performance metric — has steadily increased and hit 15,333 tonnes (16,902 tons) in 2017-2018, up from from 14,576 tonnes the prior year and 13,156 tonnes two years ago.

Buoyed by that progress, authorities believe they can bring down the overall average turnaround time for vessels to 60 hours and to 34 hours for container carriers in the current fiscal year, whereas they expect the average output per ship berth day to go up to 15,750 tonnes this year.

India strives for international port productivity levels
Authorities argue that those targeted turn time levels for container ships compare well with international standards, citing turn times of 36 hours at Antwerp, Belgium; Colombo, Sri Lanka; and Singapore, as well as no more than a day at some of the top global performers, such as Shanghai, China; Jebel Ali, United Arab Emirates; and Rotterdam, the Netherlands.

As the economy expands at a healthy pace, the Indian government has lately shown a keener interest in simplifying customs procedures and eliminating bureaucratic barriers in order to efficiently handle rising trade volume. Those efforts are reflected in a 30-spot jump India had in the World Bank’s 2018 ease-of-doing-business global report. Apart from widespread digitization, customs’ reforms to lower cargo dwell times such as direct port delivery and direct port entry services played a key role in that upgrade.

However, India’s position in the "trading across borders" index continues to be abysmally low — at 146 out of 190 nations, after slipping three places in the latest study.

To improve its standing, the government is creating a port ecosystem capable of processing freight at a faster pace and with lower costs with the goal of decreasing “border compliance times” to 72 hours, from the current 83.71 hours for exports and to 30 hours, from 50.82 hours at present, for imports, officials stated at a recent port review session.

Most importantly, the pace of technological advances in the Indian freight industry is accelerating and is expected to gain more momentum in the months ahead, as the government wants all ports and terminals in the country to join the radio-frequency identification (RFID) technology-enabled container tracking program by the end of September. Authorities at Jawaharlal Nehru Port Trust (JNPT), which was the first to adopt the RFID technology two years ago, are reportedly in the process of adding intermediary players in the supply chain — such as container freight stations and inland container depots — to the digital network to transform RFID operations into a holistic real-time visibility solution.

Leading ports make productivity gains
The marine terminals at JNPT and Chennai together handle as much as 70 percent of Indian containerized freight passing via major ports and continue to make productivity gains.

The average container ship turn time in June at JNPT was 2 days, down from the 2.3 days in the same month last year, while average crane productivity increased to 34.2 TEU moves per hours from 32.6. The improvements drove down vessel idle time at berth from an average of 8.7 percent to 10.4 percent.

Ship turn times at Chennai fell to 38.9 hours from 40.7 hours in June 2017.
Capacity expansion at major Indian ports
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Lilo
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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Sep 07, 2018 2:27 am

pankajs wrote:https://twitter.com/pankajtibre/status/ ... 5108852736
Pankaj Tibrewal @pankajtibre [Senior Vice President & Equity Fund Manager at Kotak Mutual Fund.]

India’s payment landscape is changing at a rapid pace. UPIs Aug18 volume was Rs540bn(4x over Dec17). UPI handled 312mn transaction(116/second) in Aug. UPI made up 30% of retail digital transactions vs 5% a year back. UPI transaction value in Aug annualised @ USD90b vs USD17b in FY18
8:18 PM - 5 Sep 2018 from Mumbai, India

Lilo
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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Sep 21, 2018 6:00 pm

Indian Army’s new Rs 15,000 crore ammunition production project is a big leg up for Make In India - reserves built up will enable it to fight a 30 day war instead of current 10-day reserves

DILSHER DHILLON MAY 14, 2018, 12.30 PM
  • The Indian Army will source the ammunition for weapons and tanks from 11 privately-run companies.
  • The 10-year project, which is the largest of its kind, is aimed at enabling the army to fight a 30-day war and reduce its dependence on imported weapons.
  • A report by the Comptroller and Auditor General of India last year found that the army’s reserves of critical ammunition would only allow it to fight for 10 days.
  • India’s army, the second largest in the world, is taking a big step towards self-reliance and maintaining combat-readiness as it struggles with declining stocks of equipment stocks and import delays. Government officials have told the Press Trust of India that the army has approved a ₹150 billion ($2.2 billion) project - the largest of its kind - for the domestic production of ammunition for weapons and tanks.
The army will source the ammunition from 11 privately-run companies. The project, which will be jointly overseen by the Indian Army and the Ministry of Defence, is not only aimed at reducing dependence on imported ammunition, but also enabling the army to fight a 30-day war at any given time due to a sizeable inventory.

The project will be carried out in phases over a 10-year timeframe. Production targets will be subject to change pending the completion of the first phase of production. The project will initially centre on the production of ammunition for combat vehicles, rockets, artillery, grenade launchers and other field weapons.

This is a long-term project. In order to meet its ammunition requirements in the short term, the Indian army is cutting down on the procurement of non-essential types of ammunition, such as those used for old vehicles and missiles, in favour of newer equipment.

A low-level of war-readiness

The Indian army’s level of war-readiness has been a cause for concern in recent years amid supply deficiencies and operational mismanagement. In mid-2017, a report by the Comptroller and Auditor General of India (CAG) found that the army’s reserves of critical ammunition at that time would only allow it to fight for 10 days as opposed to a 20-day requirement. The supply of only 31 types of ammunition, out of a total of 152, was found to be sufficient. A full-scale war requires stocks of ammunition to last for 40 days.

The spectre of China

India’s defence ambitions can also be seen as reactionary. Despite a recent softening of tension with neighbour China, combat-readiness is still an important priority given the expansion, in both a numerical and geographic sense, of the Chinese army. At the meeting of Communist Party of China in October last year, President Xi Jinping announced plans for the development of its military infrastructure and left the world with a ominous soundbite. “ We aim to build a world-class military by 2050”.

A boost for Make in India

India is one of the world’s largest importers of arms, a fact that is not lost on the government. The ammunitions project could give the Indian government’s Make in India plans a welcome boost. At the Defence Expo in Chennai last month, Prime Minister Modi outlined a number of initiatives for the domestic production of military equipment, such as the establishment of two industrial corridors for defence companies and faster approvals process for manufacturing licenses.

Lilo
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Re: Modi Sarkaar Achievements - Reference Thread

Post by Lilo » Fri Sep 21, 2018 6:35 pm

The politically drummed brouhaha on petro prices is unable to drown out the truth Modi sarkar has successfully stemmed the UPA era hemorrhage of aam aadmi's finances on account of double digit inflation while simultaneously bringing back Indian economy onto the 8% growth track.
This sustained tight rope feat over 4 years balancing growth and inflation and achieving targets in both is the most brilliant achievement of Modi sarkar per me in the economic sphere.
Lowering inflation is a major structural reform in India: IMF official
ABHISHEK LAWKOLKATA, SEPTEMBER 18

One major structural reform the Indian economy has witnessed over the last few years is lower inflation. For an economy where “higher than optimum level” inflation rates were a norm, current numbers tend to be closer to the Reserve Bank of India’s estimates, according to Andreas Bauer, Senior Representative – India, Nepal & Bhutan, International Monetary Fund (IMF).

The change is as important a reform as the roll-out of the Goods and Services Tax or bringing in the Insolvency and Bankruptcy Code (IBC) framework, he said. Data released by the Central Statistics Office showed that retail inflation hit a 10-month low in August at 3.69 per cent, compared to 4.17 per cent in July. The RBI’s medium-term target for consumer price index is 4 per cent within a band of +/- 2 per cent.

“The move towards flexible inflation target with a defined framework for implementation is a big step forward. And you can already see a convergence towards the target that the RBI has set. I think it is a big structural reform,” he told BusinessLine. Bauer was in Kolkata to attend the India Economic Forum 2018 organised by the Merchants’ Chamber of Commerce and Industry.

Pointing out that fundamentals of the Indian economy were strong, Bauer said the current account deficit (CAD) was widening partly because of oil imports. However, the deficits “still at a moderate level”.

India’s CAD stood at 2.4 per cent of GDP in the April-June quarter.

“In terms of magnitude, it (CAD) is much better than what it was five years ago. So I think it is time for prudent policies. In general, we do feel that the fundamentals of the Indian economy are strong. This level of current account (deficit) is more or less what we expect for a country like India,” he said.

The real effective exchange rate (REER) — the weighted average of a currency against a basket of other currencies adjusted for inflation — is broadly within the fundamentals and fluctuations are “in line”.
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As seen above currently fuel price inflation which is only 7% of the aam admi expense basket has been offset by low inflation and or negative inflation in other items like food , housing , healthcare etc

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