Pradhan Mantri Gram Sadak Yojana Current Affairs - 2019

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CCEA approves 3rd phase of PMGSY

Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved 3rd phase of Pradhan Mantri Gram Sadak Yojana (PMGSY) to consolidate 1,25,000 km of roads in the states.

Key Features of PMGSY-III Scheme

The 3rd phase of PMGSY (or PMGSY-III) involves consolidation of through routes and major rural links that connects habitations to Gramin Agricultural Markets (GrAMs), hospitals as well as Higher Secondary Schools.

Financial Implications-

Cost: An estimated cost of PMGSY-III would be Rs 80,250 crore over next five years out of which Central Share-Rs 53800 crore and State Share- Rs 26450 crore.

Fund: to be shared in ratio of 60:40 between Centre and State for all States except for 8 North Eastern and 3 Himalayan States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) for which it is 90:10.

Implementation-

Project Target period: 2019-20 to 2024-25.

Parameter for Road Selection: A candidate road selection is based on sum total of marks obtained by particular road on basis of parameters of population served, educational and medical facilities, market, etc.

Construction of Bridges: up to 200 m in Himalayan and NE States and 150 m in plain areas proposed from existing provisions of 100 m and 75 m in Himalayan and NE States and plain areas respectively.

Memorandum of Understanding: States shall be asked to enter into MoU before launching of PMGSY-III in concerned State for providing adequate funds for maintenance of roads constructed under PMGSY post 5-year construction maintenance period.

Background

PMGSY-III scheme was announced by Union Finance Minister in Budget Speech for year 2018-19.

CCEA in its meeting held on 9th August, 2018 approved continuation of PMGSY-I & PMGSY-II beyond 12th FYP Plan and covering of balance eligible habitations under PMGSY-I by March 2019, PMGSY-II, and habitations under identified LWE blocks (100-249 population) by March 2020.

Progress under PMGSY: Under the scheme a total of 5,99,090 Km road length has been constructed since inception till April, 2019 inclusive of PMGSY-I, PMGSY-II and Road Connectivity Project for Left Wing Extremism Area (RCPLWEA) Scheme.

Month: Categories: Government Schemes & Projects

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Interim Budget 2019: Highlights

The highlights of the Interim Budget 2019 presented by the Finance Minister are listed below:

  • 6,000 rupees yearly direct support to farmers through PM-KISAN Programme.
  • Pension of 3,000 rupees for unorganised sector workers earning up to 15,000 rupees through a mega Pension Scheme – Pradhan Mantri Shram- Yogi Maandhan.
  • Present Income Tax rates to continue and full tax rebate up to an income of 5 lakh rupees for individual taxpayers. Standard deduction raised to 50,000, a hike of 10,000 for salaried class.
  • Simplification of Direct tax system and returns to be processed in 24 hours with immediate refunds.
  • 90 per cent GST payers can file quarterly returns.
  • Two per cent interest rebate for Small and Medium Enterprises to get an incremental loan of one crore rupees.
  • Constituting group of Ministers to examine GST burden on home buyers.
  • Digitalization of Customs for export and import transactions.
  • Allocations towards Health care, MGNREGA, SC/ST welfare programmes, Pradhan Mantri Gram Sadak Yojana, Development of infrastructure in North-East has been increased substantially.
  • Rashtriya Kamdhenu Aayog for genetic upgradation of the cow.
  • Separate Department of Fisheries.
  • Electricity connection to all willing families by next month.
  • Allocations to Defence budget crosses three lakh crore rupees for the first time.
  • More than three lakh 38 thousand shell companies deregistered after demonetization.
  • 10 point vision for 2030 to realize India’s social economic potential.
  • India to be a 10 trillion dollars economy in 13 years.
  • Government e-Marketplace – GeM to be extended to all Central Public Sector Enterprises.
  • Container cargo movement to the North-East through Brahmaputra river.
  • Allocation for infrastructure development in the North East increased by 21 per cent.
  • AIIMS to be established in Haryana.
  • Digital connectivity for more than one lakh more villages.
  • National Centre on Artificial Intelligence Centre to be established.
  • Tightening of Cinematograph Act to check piracy.
  • Single window clearance for shooting films for Indian filmmakers.
  • Indigenous development of semi-high speed Vande Bharat Express train
  • The fiscal deficit pegged at 3.4 per cent of GDP.

The Budget was keenly watched as the country is heading for a general election in 2019.

Month: Categories: Business, Economy & Banking

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