Proposed to advise the utilities to close the running old thermal power plants with carbon emission above the pre-set norms. States that are formulating and implementing plans for ensuring cleaner air in cities above one million to be encouraged. PM launched Coalition for Disaster Resilient Infrastructure (CDRI) with Secretariat in Delhi. Second such international initiative after International Solar Alliance. Governance Clean, corruption-free, policy driven, good in intent and most importantly trusting in faith. Taxpayer Charter to be enshrined in the Statute will bring fairness and efficiency in tax administration. Companies Act to be amended to build into statues, criminal liability for certain acts that are civil in nature. o Other laws with such provisions are to be corrected after examination. Major reforms in recruitment to Non-Gazetted posts in Government and Public sector banks: o An independent, professional and specialist National Recruitment Agency (NRA) for conducting a computer-based online Common Eligibility Test for recruitment. o A test-centre in every district, particularly in the Aspirational Districts. A robust mechanism to be evolved for appointment including direct recruitment to various Tribunals and specialised bodies to attract best talents and professional experts. Contract Act to be strengthened. New National Policy on Official Statistics to: o Promote use of latest technologies including AI. o Lay down a road-map towards modernised data collection, integrated information portal and timely dissemination of information. A sum of Rs. 100 crore allocated to begin the preparations for G20 presidency to be hosted in India in the year 2022. Development of North East region: o Improved flow of funds using online portal by the Government. o Greater access to financial assistance of Multilateral and Bilateral funding agencies. Development of Union Territories of J&K and Ladakh: o An amount of Rs. 30,757 crore provided for the financial year 2020-21. o The Union Territory of Ladakh has been provided with Rs. 5,958.
Financial Sector Reforms accomplished in PSBs : o 10 banks consolidated into 4. o Rs. 3,50,000 crore capital infused. Governance reforms to be carried out to bring in transparency and greater professionalism in PSBs. Few PSBs to be encouraged to approach the capital market to raise additional capital Deposit Insurance and Credit Guarantee Corporation (DICGC) permitted to increase Deposit Insurance Coverage to Rs. 5 lakh from Rs.1 lakh per depositor. Scheduled Commercial Bank’s health under monitoring through a robust mechanism, keeping depositors’ money safe. Cooperative Banks to be strengthen by amending Banking Regulation Act for: o Increasing professionalism. o Enabling access to capital. o Improving governance and oversight for sound banking through the RBI.
You've reached the end of your free preview.
Want to read all 21 pages?
- Spring '16
- Prof I C Dhingra