User talk:Gaurav4291/PIB2015

Payments Bank

 * Aim is to provide savings account, payments and remittance services to low income individuals and small businesses
 * Can have savings upto 1 lakh rs
 * Can give debit cards but not credit cards
 * Cannot give loans
 * Apart from meeting CRR requirement, payment banks will have to invest 75% of deposits in govt. securities and 25% in other scheduled banks
 * These banks can also offer services like mutual funds and life insurances

A.P Shah Committee

 * On Minimum alternate tax (MAT) on FII’s
 * Recommended MAT should not levied on transactions before 1 Apr, 2015
 * Since, FII’s do not operate from Indian land, they carry out their operations through independent agencies

Small finance bank

 * RBI gave in-principle approval for small finance banks
 * Features:
 * Has to maintain CRR and SLR
 * Has to extend 75% of credit to priority sector

Death penalty

 * Law commission’s recommendation
 * Abolition of death penalty except in cases of terrorism and waging war
 * To have a debate in parliament on abolition of death penalty in all cases
 * Compensation and rehabilitation for victims
 * Witness protection scheme
 * Police reforms

Sagarmala project

 * Port led development, port modernisation,
 * Identification of potential coastal economic zones
 * Inland waterways
 * Ship building, repair and re-cycle
 * Coastal tourism and recreational activities
 * Logistics park, warehousing

NJAC

 * SC struck down NJAC citing it as un-constitutional
 * NJAC composition
 * CJI, two senior SC judges, Union law minister, two eminent persons nominated by PM, leader of opposition in L.S
 * Struck down because: primacy of judiciary was not kept, inclusion of law minister (hampered separation of powers of judiciary and executive), inclusion of two eminent persons ( two persons can veto any decision), no mention of qualifications of eminent members

India’s INDC

 * India’s INDCs include achieving the following targets by 2030:
 * Reducing greenhouse gas emissions per unit of GDP by 33-35% from 2005 levels;
 * Achieving 40% of installed electric power capacity from non-fuel based energy sources (such as solar, wind, hydropower);
 * Creating additional carbon storage and absorption capacity for 2.5- 3 billion tonnes of CO2 by increasing forest and tree cover.

Neeranchal

 * Watershed component of PMKSY (PM krishi sinchai yojana)
 * Increasing ground water recharging,
 * Reducing surface runoff of rainwater

UDAY

 * Ujjawal discom assurance yojana
 * To improve the operational and financial efficiency of state owned distribution companies
 * Features:
 * Financial restructuring: Under the scheme, states will be required to take over 75% of the discoms‟ debt (as on September 30, 2015) over two years (50% in the first year and 25% in the second year). For this purpose, states with the discom debt will issue bonds in the market. The principal debt will not be counted in the fiscal deficit of states for the first two years. For 2015-16 and 2016-17, the transfer to the discom by the state will be in the form of a grant.
 * Targets: Discoms will be required to meet certain outcome targets. These targets include (i) reduction of aggregate technical and commercial (AT&C) losses to 15% in 2018-19, and (ii) eliminating the gap between average cost and tariff by 2018-19. AT&C loss is the percentage of power procured by the discom for which it did not receive any payment.
 * Benefits : states will receive funding from central schemes

FDI policy

 * Amendments
 * Investment in certain sectors require govt. approval – current limit is 2000 crore now increased to 5000 crore
 * Agriculture: FDI up to 100% will be allowed in coffee, rubber, cardamom, palm oil and olive oil tree plantations.
 * Defence: FDI in the defence industry will require the permission of the government if the investment is greater than 49% of the equity of the company. Earlier, FDI in defence required permission of the government for any amount of investment.
 * Broadcasting: FDI is allowed to a maximum of 100% of the capital of a company, an increase from 74% in the past.
 * Civil aviation: FDI is allowed up to 100% in non-scheduled air transport services such as chartered air transport. Initially, this limit was 74% of the equity of a company.
 * Limited liability partnerships: Permission required for investors to invest in limited liability partnerships (LLPs) is waived.