Page 4 - Value Plus Jan 2016
P. 4
LPG SUBSIDY – Dhan Yojana cross Rs 26,819 crore as ECONOMIC DATA
GIVE IT UP on December 2015. WRAP UP – DECEMBER
The government PRADHAN • India Oct IIP grew by 9.8%
launched a ‘Give It Up’ MANTRI MUDRA in October from 3.8% in Sep
campaign in a bid to encourage well- YOJANA (PMMY) 2015.
to-do individuals or families to give
up their LPG subsidy. This was aimed The scheme was launched in April • India Nov WPI inflation rose
at providing LPG to the needy and 2015. Over Rs 42,520 crore has been to 10-month high of (-) 1.99%
poor (especially those in rural India). disbursed under the MUDRA Yojna to from (-) 3.81% in Oct 2015.
more than 66 lakh borrowers. Under
MAKE IN INDIA the scheme, loans between Rs 50,000 • India Nov CPI inflation rose
and Rs 10 lakh are provided to small to 14-month high of 5.41%
PM Modi’s aggressive entrepreneurs. from 5% in Oct 2015.
push to revive an ailing
manufacturing sector found resonance DIGITAL INDIA • India Jul-Sep GDP rose to
with India Inc. Measures like MISSION 7.4% from 7% in Apr-Jun
single-window clearances, minimal 2015. The high growth was
procedures and cutting out of red- • Government has driven by a robust 9.3% rise
tapism under Make in India campaign launched digital employment in manufacturing sector.
are going to act as a vital impetus for exchange for mapping skills.
employment and growth. • India Oct FDI inflows rose to
• India-Russia have signed • Union HRD Minister $6.20 bln from $3.76 bln YoY.
launched Kendriya Vidyalaya
landmark deal for Kamov 226 Sangthan’s (KVS) e-initiative • India Nov trade deficit
choppers during PM Modi’s ‘KV ShaalaDarpan’ aimed at narrowed to $9.78 bln vs
Russia visit. providing information about $16.24 bln YoY.
• Japan offers bullet train and students electronically on a single
nuclear power assistance to India; platform. • India Jul-Sep current account
Japan will provide $12 billion for deficit narrowed to $8.2 bln
constructing India’s first bullet • Government announced that or 1.6% of GDP vs $10.9 bln
train, as well as an incentive major tourist spots like Sarnath, or 2.2% of GDP YoY.
of $12 billion for Japanese Bodhgaya and Taj Mahal will
companies investing in India. have Wi-Fi facility as part of ATAL PENSION
• Micromax to invest Rs 300 cr for digital India initiative. YOJANA
‘Make in India’.
• Facebook, BSNL come together to The scheme looks
SMART CITIES set up 100 WiFi hotspots in rural to provide monthly
MISSION India. pension to subscribers from 60 years
of age. The scheme mainly focusses
Government has • Railway partners with Google for on workers in the unorganised sector
launched an initiative to create Wi-Fi at 400 stations. and is open to Indian citizens who are
100 smart cities as well as Atal between 18-40 years of age.
Mission for Rejuvenation and Urban SKILL INDIA
Transformation (AMRUT) for 500 MISSION DEEN DAYAL
cities with an outlay of Rs 48,000 crore UPADHYAYA
and Rs 50,000 crore respectively. Launching ‘Skill India’, GRAM JYOTI
Prime Minister Narendra YOJANA
PRADHAN Nodi had said that India should
MANTRI JAN emerge as the ‘human resource capital’ This scheme launched by the NDA
DHAN YOJANA of the world as China has become government is an Indian program
(PMJDY) a global ‘manufacturing factory’. which aims to provide 24*7 power
Skill India Mission is a part of the supply to all homes in rural India.
The Pradhan Mantri Jan Dhan Yojana, government’s ‘war against poverty’.
launched in August 2014 aims to make The NDA government said it will
sure that every Indian has a bank work towards equipping obver 40
account. The zero-balance account crore people with adequate skill by
comes with several benefits such as 2022.
insurance & RuPay cards to withdraw
money. Deposits in accounts under Jan
4 ARIHANT CAPITAL ¡ JANUARY 2016
