Wednesday, February 27, 2013

Strike by Employees of Defence Canteens (Rupees in Crore)

Strike by Employees of Defence Canteens (Rupees in Crore)
 
Press Information Bureau
Government of India
Ministry of Defence
27-February-2013
Strike by Employees of Defence Canteens (Rupees in Crore)

No employees of Canteen Stores Department (CSD) are on strike, however, a section of the employees of Unit Run Canteens (URCs) are on strike. Data in respect of profit generated by the URCs is not maintained by CSD, however, the total sales turnover and profit generated by CSD during the last five years is as under:-



Year2007-082008-092009-102010-112011-12
Sales5614.696955.118689.809752.339746.59
Net Profit168.88203.69226.53267.84216.30
          

This information was given by Defence Minister Shri AK Antony in a written reply to Shri Ram KripalYadavin Rajya Sabha today.

source-pib

SUMMARY OF ECONOMIC SURVEY

SUMMARY OF ECONOMIC SURVEY

Ministry of Finance

More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend


Indian economy is likely to grow between 6.1% to 6.7%  in 2013-14 as the downturn is more or less over and the economy is looking up. Following the slowdown induced by the global financial crisis in 2008-09, the Indian economy responded strongly to fiscal and monetary stimulus and achieved a growth rate of 8.6 per cent and 9.3 per cent respectively in 2009-10 and 2010-11, but due to a combination of both external and domestic factors, the economy decelerated growing at 6.2% and an estimated 5% in 2011-12 and 2012-13 respectively. The Economic Survey 2012-13, presented by the Finance Minister Shri P. Chidambaram in the Lok Sabha predicts that the global economy is also likely to recover in 2013 and various government measures will help in improving the Indian economy’s outlook for 2013-14. While India’s recent slowdown is partly rooted in external causes, domestic causes are also important. The slowdown in the rate of growth of services in 2011-12 at 8.2%, and particularly in 2012-13 to 6.6 percent from the double-digit growth of the previous six years, contributed significantly to slowdown in the overall growth of the economy, while some slowdown could also be attributed to the lower growth in agriculture and industrial activities. But despite the slowdown, the services sector has shown more resilience to worsening external conditions than agriculture and industry. For improved agricultural growth, the survey underlines the need for stable and consistent policies where markets play an appropriate role, private investment in infrastructure is stepped up, food price, food stock management and food distribution improves, and a predictable trade policy is adopted for agriculture. FDI in retail allowed by the government can pave the way for investment in new technology and marketing of agricultural produce in India. Fast agricultural growth remains vital for jobs, incomes and food security.

The survey points out that the priority for the Government will be to fight high inflation by reducing the fiscal impetus to demand as well as by focusing on incentivizing food production through measures other than price supports. But unlike the previous year, when food inflation was mainly driven by higher protein food prices, this year the pressure has been coming mainly from cereals. On the Balance of Payments and External Position, the survey highlights that with net exports declining, India’s balance of payments has come under pressure. Moreover, in the current fiscal, foreign exchange reserves have fluctuated between US$ 286 billion and US$ 295.6 billion, while the rupee remained volatile in the range of Rs 53.02 to Rs 54.78 per US dollar during October 2012 to January 2013.

The survey had a special chapter focusing on jobs. The future holds promise for India provided we can seize the “demographic dividend” as nearly half the additions to the Indian labour force over the period 2011-30 will be in the age group 30-49. India is creating jobs in industry but mainly in low productivity construction and not enough formal jobs in manufacturing, which typically are higher productivity. The high productivity service sector is also not creating enough jobs. As the number of people looking for jobs rises, both because of the population dividend and because share of agriculture shrinks, these vulnerabilities will become important. Because good jobs are both the pathway to growth as well as the best form of inclusion, India has to think of ways of enabling their creation.

The survey calls for a widening of the tax base, and prioritization of expenditure as key ingredients of a credible medium term fiscal consolidation plan. This along with demand compression and augmented agricultural production should lead to lower inflation, giving the RBI the requisite flexibility to reduce policy rates. Lower interest rates could provide an additional fillip to investment activity for the industry and services sectors, especially if some of the regulatory, bureaucratic, and financial impediments to investment are eased. On financial sector reform, it takes note of the high level of gross NPAs (non-performing assets) of the banking sector which increased from 2.36 percent of the total credit advanced in March 2011 to 3.57 percent of total credit advanced in September 2012. The survey suggests that revival of growth will help contain NPAs, but more attention will have to be paid to whether projects are adequately capitalized up front given the risks. Expenditure on social services also increased considerably in the 12th Plan, with the education sector accounting for the largest share, followed by health. In the 11th Plan period nearly 7 lakh crore rupees has been spent on the 15 major flagship programmes. A number of legislative steps have also been taken to secure the rights of people, like the RTI, MGNREGA, the Forest Rights Act, AND THE Right to Education. However, the survey notes that there are pressing governance issues like programme leakages and funds not reaching the targeted beneficiaries that need to be addressed. Direct Benefit Transfer (DBT) with the help of the Unique Identification Number (Aadhaar) can help plug some of these leakages. With the 12th Plan’s focus on ‘environmental sustainability’, India is on the right track. However, the challenge for India is to make the key drivers and enablers of growth-be it infrastructure, the transportation sector, housing, or sustainable agriculture-grow sustainably.               

            Dr. Raghuram G. Rajan, Chief Economic Adviser, Ministry of Finance writes in an introduction to the Survey that these are difficult times, but India has navigated such times before, and with good policies it will come through stronger. Slowdown is a wake-up call for increasing the pace of actions and reforms. The way out lies in shifting national spending from consumption to investment, removing the bottlenecks to investment, growth, and job creation, in part through structural reforms, combating inflation both through monetary and supply side measures, reducing the costs for borrowers of raising finances and increasing the opportunities for savers to get strong real investment returns.

Highlights of the Overall Performance of CPSEs in 2011-12

Highlights of the Overall Performance of CPSEs in 2011-12: 
Out of 225 Operating CPSEs, 161 Earned Net Profit
Net Profit Increases from Rs.1,13,944 Crore in 2010-11 to Rs. 1,25,116 Crore in 2011-12



            The 52nd Public Enterprises Survey in the series (2011-12), brought out by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India on the performance of Central Public Sector Enterprises (CPSEs) was placed in both the Houses of Parliament here today.  There were 260 CPSEs in 2011-12, out of which 225 were in operation.  The remaining 35 CPSEs were under construction.  

The Public Enterprise Survey 2011-12 is based on Revised Schedule VI. Since the data for the Financial Year 2010-11 had also to be recast for comparison,  Volume II of PE Survey 2011-12 contains information  in the new format for these 2 years i.e. 2010-11 and 2011-12 (as against three years in earlier Surveys).

The main Highlights of the performance of CPSEs, during 2011-12 are as follows:

(i) Investment in CPSEs

  • Total paid up capital in 260 CPSEs as on 31.3.2012 stood at Rs. 1,63,863 crore compared to Rs. 1,57,438 crore as on 31.3. 2011 (248CPSEs), showing a growth of 4.08%.
  • Total investment (equity plus long term loans) in all CPSEs stood at Rs. 7,29,228 crore as on 31.3.2012 compared to Rs. 6,03,975 crore as on 31.3.2011, recording a growth of 20.74%.
  • Capital Employed (paid-up capital plus reserves & surplus and long term loans) in all CPSEs stood at Rs. 13,43,176 crore as on 31.3.2012 compared to Rs. 11,64,178 crore as on 31.3.2011 showing a growth of 15.38%.



(ii) Turnover, Profit/Loss and Net Worth of CPSEs
  • Total turnover/Gross Revenue from operations of all CPSEs during 2011-12 was Rs. 18, 41,927 crore compared to Rs. 14,98,018 crore in the previous year showing an increase of 22.96%.
  • Profit of profit making CPSEs stood at Rs. 1,25,115 crore during 2011-12 compared to Rs. 1,13,944 crore in 2010-11 showing a growth of 9.80%.
  • Loss of loss incurring CPSEs stood at Rs. 27,602 crore in 2011-12 compared to Rs. 21,817 crore in 2010-11 showing an increase in loss by 26.52%.
  • Reserves & Surplus of all CPSEs went up from Rs. 5,60,203 crore in 2010-11 to Rs. 6,13,949 core in 2011-12, showing an increase by 9.59%.
  • Net worth of all CPSEs went up from Rs. 7,17,641 crore in 2010-11 to Rs. 7,77,812 crore in 2011-12 registering a growth of 8.38%.



(iii) Contribution of CPSEs to the Central Exchequer
  • Contribution of CPSEs to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on Central Government loans, dividend and other duties and taxes increased from Rs. 1,56,751 crore in 2010-11 to Rs. 1,60,801 crore in 2011-12, showing an increase of 2.58%.



(iv) Foreign Exchange Earnings and Outgo by CPSEs
  • Foreign exchange earnings through exports of goods and services increased from Rs. 91,774 crore in 2010-11 to Rs. 1,24,492 crore in 2011-12, showing a growth of 35.65%.
  • Foreign exchange outgo on imports and royalty, know-how, consultancy, interest and other expenditure increased from Rs. 5,50,086 crore in 2010-11 to Rs. 7,33,544 crore in 2011-12 showing an increase of 33.35%.



(v) Market Capitalization of CPSEs on Mumbai Stock Exchange

  • Total Market Capitalization (M_Cap) of 44 listed CPSEs, based on the stock price in Mumbai Stock Exchange, decreased from Rs. 15,06,698 crore as on 31.03.2011 to Rs. 12,53,245 crore as on 31.03.2012. Market Capitalization of CPSEs during this period, therefore, decreased by 16.82%
  • M_Cap of CPSEs as per cent of BSE M_Cap decreased from 22.03% as on 31.3.2011 to 20.17% as on 31.3.2012.

Fiscal Outcome Indicates Significant Improvement in 2012-13 Continuing Fiscal Consolidation Critical for Higher Growth and Price Stabliity: Economic Survey

Fiscal Outcome Indicates Significant Improvement in 2012-13
Continuing Fiscal Consolidation Critical for Higher Growth and Price Stabliity: Economic Survey

The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today emphasizes that the fiscal outcome of Central Government in 2012-13 so far indicates a significant improvement over 2011-12. The fiscal position of the States has continued to progress with fiscal deficit budgeted at 2.1% of gross domestic product (GDP), the Survey added.

The fiscal outcome of 2011-12 was affected by macro economic developments of slow down in growth, higher global crude oil prices and sluggish financial market conditions for effecting the budgeted disinvestments programme. The Survey stresses that these developments continued through the first half of the current year. The Government then pressed harder for reforms and an initial step was to set up the Kelkar Committee. Following its recommendations, the Government unveiled a revised fiscal consolidation roadmap.

The Economic Survey has called for staying on the path of indicated fiscal consolidation. This, it says, is critical to sustaining the desirable macro-economic outcomes not only in terms of higher growth in real GDP and lower inflation, but also in easing the financing of the widening current account deficit (CAD), for which India’s sovereign credit rating is important. The Survey also emphasizes widening tax base and privatization of expenditure as key factors in effecting the desired reduction in the Central Government fiscal deficit over the medium term and in reducing the key risks in fiscal marksmanship (different between actual outcomes and budgetary estimates as a proportion of GDP). The Survey underlines that addressing the key fiscal risk of petroleum subsidies is critical in better fiscal marksmanship. “ With recent reforms in diesel prices and efforts at expenditure reprioritization, the medium term fiscal consolidation plan is credible and could yet again yield macro economic dividends in terms of higher growth and price stability,” the Survey notes.

Source: PIB

Nomination of Stenographers Grade 'D' / PA (ad-hoc) of CSSS for appointment to the Grade of Personal Assistants of CSSS for the Select List Year-2010 on regular basis - reg.


No.5/1/2012-CS-II(C)
Government of India
Ministry of Personnel, Public Grievances and Pension
Department of Personnel and Training

3rd floor, Lok Nayak Bhawan, Khan Market,
New Delhi date 25th February, 2013

OFFICE MEMORANDUM

Subject : Nomination of Stenographers Grade 'D' / PA (ad-hoc) of CSSS for appointment to the Grade of Personal Assistants of CSSS for the Select List Year-2010 on regular basis under the Zoning Scheme for Seniority Quota - reg.

Launching of Web Based software solution for Cadre Management of CSS - Requests for cadre clearance and filing of Immovable Property details reg.

No. 21/11/2010-C.S.I (U)
Government of India
Ministry of Personnel, Public Grievances & Pension
Department of Personnel & Training

2nd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi
Dated : 25th February 2013


OFFICE MEMORANDUM

Subject : Launching of Web Based software solution for Cadre Management of CSS - Requests for cadre clearance and filing of Immovable Property details reg.

As Ministries/ Departments are aware that the Web Based Cadre Management for CSS has been test launched and it is currently hosted at  http://10.21.145.125

2. Cadre clearance for deputation Starting from 1st March 2013, Ministries/ Departments are requested to forward requests for cadre clearance for deputation through the web based cadre management system also. Once the system is stabilized, cadre clearance requests will be entertained only through the system.

3. Voluntary Retirement Application seeking voluntary retirement should also be filed through the system. A print out of the copy of the application is required to be taken, duly signed and submitted to the nodal officer for processing. The nodal officer will also enter the details on line and submit to this Department for further processing in respect of US and above level officers.

3. Immovable Property Return All CSS Officers are requested to file their immovable property return through the web based system also, in addition to the conventional method of filing of paper returns.

4. Nodal officers are requested to bring the above to the notice of all CSS Officers under their control for compliance.

(V. Srinivasaragavan)
Under Secretary to the Government of India

Source: www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02csd/25213wbcm.pdf]

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