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Regional Connectivity Fund created for Udan Scheme
Nov 22,2016

The Ministry of Civil Aviation launched Regional Connectivity Scheme (RCS)-UDAN (Ude Desh ka Aam Nagrik) scheme on 21st October, 2016 for providing connectivity to un-served and under-served airports of the country. The primary objective of RCS is to facilitate and stimulate regional air connectivity by making it affordable. Promoting affordability of Regional air connectivity is envisioned under RCS by supporting airline operators through (i) concessions by Central Government, State Governments and airport operators to reduce the cost of airline operations on regional routes and (ii) financial support (viability gap funding or VGF) to meet the gap, if any, between the cost of airline operations and expected revenues on such routes. RCS-UDAN is a demand-driven scheme, where airline operators undertake assessment of demand on particular routes.

A Regional Connectivity Fund (RCF) has been created under powers conferred under Rule 88-B of the Aircraft Rules, 1937 to provide the VGF requirements under the scheme. The Central Government has decided to impose a levy on the scheduled flights being operated within India to fund the Regional Connectivity Fund. However, following flights has been exempted from the above mentioned levy:

i) Flights operated on CAT II/ CAT IIA routes as specified in Route Dispersal Guidelines issued under Rule 134 (1A).

ii) Flights operated on RCS routes.

iii) Flights operated with aircraft having maximum certified take off mass not exceeding 40,000 kg.

The payment of VGF will be made to selected airline operators from the RCF. Selection of airlines will be done through transparent bidding process and the RCS flight is expected to start from January, 2017 onwards

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GST, Bankruptcy Laws Will Emerge Facilitator For Inbound & Outbound M&A: PHD Chamber
Nov 22,2016

Global Investment and Acquisitions Forum 2016 held under joint aegis of PHD Chamber of Commerce and Industry, Corporate Catalyst India and M&A Worldwide, has forecast that with GST and Bankruptcy Laws in place, prospects for mergers and acquisitions both inbound and outbound would grow proportionately in India.

The Forum also felt that India is no longer experimental zone for multi nationals for their operations as it has evolved so much in the last couple of years that global giants have strategies for setting up of their operations in India because of its emerging potentials which promise higher returns on investments.

The unanimous view of the forum was that multi nationals and global giants that would earlier set up representative offices and liaison channels in India as part of their strategy to open up offices in India have moved on to a next phase as per which their strategies are to launch their corporations and begin business with their counterparts in joint venture sector.

This change has come after the new government has come to power with Prime Minister Narendra Modi at the helm of affairs.

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Demonetization to help inflation remain under control, interest rates to fall: PHD Chamber
Nov 22,2016

While appreciating the Government efforts to control inflation in the economy vis-a-vis reforms in supply chain, Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry said that demonetisation of rupees 500 and 1000 notes would also help prices to remain under control in the coming months.

Good monsoon behaviour and abundant supply of kharif crops coming in the market in the recent months has checked the rise in prices of many commodities, said Dr. Gupta.

The average WPI inflation so far in this financial year stands at around 3% during Apr-Oct 2016 and we are hopeful that inflation will fall below 3 percent in the coming months, he said.

The recent developments has created a good scope for further reduction in repo rate in the forthcoming monetary policy statement scheduled on December 7, 2016.

Repo rate at this juncture should not be more than 6% to give a big push to the economy with the new currency in circulation, said Dr. Gupta.

Reduced rate of interest with benign inflationary expectations would be a major breakthrough for the economy to enter the higher growth path, going forward, said Dr. Gupta.

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Airport Expansion, Enhanced Regional Air Connectivity & Expansion in Air Traffic is top Priority of Govt.: Ashok Gajapathi Raju
Nov 22,2016

Minister of Civil Aviation, Ashok Gajapathi Raju Pusapati, remarked that with new civil aviation policy in place and other associated reforms accompanying it, the civil aviation sector would emerge to serve the un-served at affordable pace.

Minister of Civil Aviation, Ashok Gajapathi Raju Pusapati reassured the Indian civil aviation industry, emphasizing that the government of the day is exploring all possibilities for capacity expansion of leading airports in the country as well doing its best to make sure that the regional air connectivity is accomplished as per its UDAAN initiative.

The Minister also stressed that though the domestic civil aviation industry has been growing at a rate of more than 20% in the last few years, admitting that higher passenger growth in civil aviation sector is still a challenge for the government which could be won with addition of capacities in Indias leading airports.

Ashok Gajapathi Raju Pusapati also emphasized that the cargo sector of Indian civil aviation though has developed but needed further expansion and development since the industry as such has been growing over 20% per annum and hoped that this growth rate would even exceed in times to come in view of Indias economic potential with its high appetite for higher growth.

Minister of State, Ministry of Civil Aviation, Mr. Jayant Sinha asked civil aviation industry to grow in such a manner so that its passenger traffic, currently estimated at about 150 million for domestic and overseas sector multiplies manifold and catches on pace with the air traffic of China which presently is calculated at 500 million per annum.

In order to achieve this objective, the ministry has been adopting three pronged strategy under its UDAAN commitment which includes expansion of airports capacities, ensure regional connectivity and equip the air passenger with better level of satisfaction and experience under its Air Sewa initiative, emphasized the minister adding that the government would do all possible to transform the civil aviation sector.

Secretary, Civil Aviation, Rajiv Nayan Choubey, reiterated the government commitment for higher growth of civil aviation sector with all possible governments initiatives in partnership spirit, adding that by December 2016 dozen of schedule commercial operations could begin to connect small towns in the country under its regional connectivity drive.

Minister, Government of Ireland, Pat Breen emphasized that India and Ireland should have stronger partnership to expand Indias civil aviation sector as his country is one of the global leaders in this sector, particularly on leasing out operations in which Ireland has already established its hegemony.

Chairman Civil Aviation Committee, PHD Chamber, K Narayana Rao proposed to the government to bring in civil aviation sector under priority lending scheme of the government, especially for acquiring smaller air crafts for enhanced regional air connectivity.

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FICCI launches Self-regulation Code of Conduct for the e-pharmacy sector
Nov 22,2016

The Federation of Indian Chambers of Commerce and Industry (FICCI) announced the launch of Self-regulation Code of Conduct for the E pharmacy sector in the presence of key stakeholders here. Accessibility, affordability and lack of awareness are the major challenges for last mile access to medicines. These barriers could be effectively overcome by adopting technology, specifically the Internet, into the healthcare system. Over the last one year, E-pharmacy has come up as a significant channel to provide last mile access to medicines. This will most importantly benefit patients of chronic diseases, elderly patients and sick patients who are not in a condition to go out to find a pharmacy. The E-Pharmacy model provides tracking and traceability of medicines, addressing the problem of counterfeit medicines, consumption of drugs without prescription, tax loss and provides value added services for consumer empowerment in healthcare, which are well aligned with Digital India initiative of our Honourable Prime Minister with a vision to transform the country into a digitally empowered society. The conference started with the release of the Selfregulation Code of Conduct -an attempt by the Industry to adhere to the highest professional standards and to have proper safeguards so as to ensure that consumers health and safety is not compromised.

1. Processing medicines against Prescription Scheduled medicines must be processed only against a valid copy of prescription (physical or scanned copy) of a registered medical practitioner

2. Restriction of Sensitive habit forming medicines E pharmacy must ensure that no schedule X and other sensitive habit forming medicines are processed through their platform. Ensure there are adequate checks and balances in place to prevent sale of any such drugs.

3. Dispensation only from duly licensed pharmacy domiciled in India E Pharmacy must ensure that the medicines are dispensed through licensed pharmacies only. The E pharmacy must make reasonable effort to ensure that all the pharmacy partners (before facilitating the sale of any medicines through such pharmacy partners) are duly registered under the Drugs & Cosmetics Act/ Rules.

4. Convenient access of medicines E-pharmacy player must make suitable arrangements to ensure that the medicines are packed, transported and delivered in such a way that their integrity, quality, and effectiveness are preserved.

5. Public health Initiatives of Government of India E pharmacy players must partner with Government for any recall of medicines and collect adverse events of medicines (consumer reports) and comply to submit them to National Centre for Pharmacovigilance.

6. Customer grievances E pharmacy must ensure that there is a proper mechanism in place to address any queries or grievances that the end-customer may have. E pharmacy players must appoint an ombudsman commission comprising of reputed members of civil society to address any public grievance. The Ombudsman commission shall be appointed for six months by members of the governing council in consultation with other stakeholders.

Didar Singh, Secretary General, FICCI voiced the support of consumer friendly models and mentioned that India needs to move with the times and embrace new age models to stay ahead. Also FICCI has been at the forefront helping many sectors operate with a process of developing self-governance models, and this initiative is a step in the right direction to help enable this sector of the economy

Arvind Gupta, Head of Digital India Foundation said n++we need to embrace technology - in both offline and online models. There is a great opportunity to take this ecosystem ahead by leveraging the India stack using the existing infrastructure of Aadhar and Digi-locker to maintain the repository of prescription, health records and monitor the dispensing of sensitive medicines. All pharmacies, online or offline, should check prescriptions on this lockern++

Noted consumer activist, Bejon Mishra, welcomed the initiative and re-iterated that there is no difference between e-Pharmacy and offline pharmacy, and both should operate with compliance and maintain proper records and dispense with prescription. He also congratulated the effort of the association to come up with progressive self-regulation framework and suggested that there be mechanisms put in place to make sure this is adhered to.

Prashant Tandon, CEO and Founder of 1mg mentioned that this group of progressive epharmacies have come up with code of conduct in the interest of consumers and as a group they look forward to productive engagement with the regulator to help make the Indian pharmacy sector a model sector.n++

Pawan Kaul, Co-Chair of FICCI e-commerce committee added that n++by recognising and registering the legitimate e pharmacies, Government can easily address the challenges by maintaining sanctity of both IT act and Drug and Cosmetic Act. This will bring effectiveness and efficiency in the entire ecosystem.n++

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Gartner Says Indias Digital Commerce Players Needs to Find a Sustainable Growth Model
Nov 22,2016

Digital commerce sales in India have remained flat, so digital commerce companies need to identify a sustainable growth model that can be achieved in a defined timeframe, according to Gartner, Inc. One of the challenges was that leading marketplaces cut back on promotions and discounts after the regulation banning price competition came out in March 2016.

Digital commerce is at an early stage in India, and consumers are value-conscious, so they are enticed when there are big promotions and steep discounts. said Gene Alvarez, managing vice president at Gartner. However, sales stalled once incentives were not present, challenging the performance of digital commerce players. This is partially a result of the continuous discounts at online marketplaces that are competing fiercely to gain market share, and which sets them to an incentive-driven growth model.

None of the digital commerce companies in India are profitable. They typically earn between 5-15 percent commissions of product sales, but the massive discounts on top of the investment needed to expand to more geographies saw those companies losing money. This can be a serious problem when the capital market tightens up.

The problem is being neglected when there is plenty of funding, and companies can live off sufficient capital. Once the market tightens, it is a survival game that only those that watch the bottom line and cash flows will win in the end, said Mr. Alvarez, There is a need to go back to the basics, that is, to operate on a sustainable growth model. Of which, customer experience and data-driven incentives are two fundamental factors.

Customer Experience: This is the most important differentiator of a digital commerce service as price becomes transparent across sites. Discounts will only retain customers as long as the promotion lasts, while good customer experience will make people come back and purchase more even when there is no promotion. Good customer experience will also entice new customers as word-of-mouth spreads, and visitors experience the service themselves. Customer experience goes beyond a frictionless shopping experience on the website or in the mobile app, and includes delivery, custom service, returns, retail discovery, customer ratings and reviews.

Data-driven incentives: Promotions and discounts are still important techniques to drive sales. However, they need to have positive return on investments (ROIs). Businesses can not only recover the cost of incentives but also make a profit. This requires businesses to personalize incentives based on shoppers profiles and purchasing propensity, and only give out the amount that is enough to trigger a purchase but not too much to lose money. This capability takes time to build as it requires data analytics and personalization technologies, built on the data collected about the shoppers.

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Gartner Says Public Cloud Services in India Forecast to Reach $1.3 Billion in 2016
Nov 22,2016

The public cloud services market in India is on pace to grow 35.9 percent in 2016 to total $1.3 billion, according to Gartner, Inc. The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 45.5 percent in 2016, followed by platform as a service (PaaS) projected to grow 33.5 percent (see Table 1).

The overall global public cloud market will mature, and its growth rate will slightly slow down from 17.2 percent in 2016 to a 15.2 percent increase in 2020, said Sid Nag, research director at Gartner. While Brexit and other growth challenges exist, some segments such as financial SaaS applications and the PaaS user markets will still see strong growth through 2020.

Table 1. India Public Cloud Services Forecast (Millions of U.S. Dollars)

201520162017201820192020Cloud Business Process Services (BPaaS)7187112144186239Cloud Application Services (SaaS)2973955246718191,000Cloud Application Infrastructure Services (PaaS)80107140181229286Cloud System Infrastructure Services (IaaS)3334857211,0451,4642,016Cloud Management and Security Services80104134168206249Cloud Advertising96123158189223266Total9571,3011,7902,3983,1264,055

Source: Gartner (November 2016) 

As buyers intensify and increase IaaS activity, they will be getting more for their investment: ongoing enhancement of performance, more memory, more storage for the same money (which will drive increases in consumptions) and increased automation in traditional IT outsourcing (ITO) delivery, said Mr. Nag.

As PaaS offerings mature and the competitive landscapes consolidates, we predict that more organizations will consider expanding their PaaS adoption as an important component to their cloud strategy, and specifically to their SaaS deployments, added Mr. Nag.

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OECD GDP growth accelerates to 0.6% in third quarter of 2016
Nov 22,2016

Real growth of gross domestic product (GDP) in the OECD area picked up markedly to 0.6% in the third quarter of 2016, compared with 0.3% in the previous quarter, according to provisional estimates.

Growth accelerated in most Major Seven economies in the third quarter of 2016, with the exception of the United Kingdom and Germany, where growth slowed to 0.5% and 0.2%, respectively, compared with 0.7% and 0.4% in the previous quarter.

In the United States, growth accelerated to 0.7% in the third quarter of 2016, following a rate of 0.4% in the previous quarter. Growth also picked up in Japan, to 0.5%, compared with 0.2% in the previous quarter, and in Italy and France (to 0.3% and 0.2%, respectively, compared with 0.0% and minus 0.1% in the previous quarter).

In the European Union and in the euro area, growth was stable at 0.4% and 0.3%, respectively.

Year-on-year GDP growth for the OECD area was 1.7% in the third quarter of 2016, marginally up from 1.6% in the previous quarter. Among Major Seven economies, the United Kingdom (2.3%) and Germany (1.7%) recorded the highest annual growth rates, while Japan registered the lowest (0.8%).

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Global Gyrations and Domestic Liquidity Glut to Keep Markets Volatile
Nov 22,2016

The improvement in domestic conditions owing to the de-notification of the currency and worsening of the global rate market conditions will keep the domestic markets on tenterhooks, says India Ratings and Research (Ind-Ra). The 10-year G-sec yield can trade between 6.28%-6.4% (6.43% at close on 18 November 2016). The rupee is likely to trade in the range of 67.85/USD-68.50/USD (68.14/USD at close on 18 November 2016).

Debt Markets at the Cusp of a New Horizon: The bond market is wedged between the improvement in domestic fundamentals and deterioration in the global environment. Ind-Ra believes that low inflation, marked improvement in the demand supply equation, expectations of further monetary easing will all keep the domestic bond market conditions constructive. Global developments, however, are likely to pose headwinds - resulting in an increase in the spread between the long end and the short end of the G-sec curve.

Liquidity Glut in the Market: The gush of bank deposits and restriction on withdrawal has led to a glut in the interbank liquidity market conditions. The situation is likely to continue for a while as the government endeavours to normalise conditions. Ind-Ra believes, volatility in the money market will continue in the near term, until normalcy is restore to banking operations. Ind-Ra also expects RBI to continue to sterilise the excessive liquidity through various modes, and explore other avenues apart from the reverse repos, if the easy liquidity conditions persist.

Headwinds to Rupee Continue: The increase in the probability of the Fed rate hike in the December 2016 policy - pushed up the dollar index to 101.2 from 97.5 through November 2016 and low of 92.6 in May 2016. The sharp strengthening of the dollar has been keeping emerging currencies under pressure. Ind-Ra believes this will keep the rupee trading with a weakening bias in the near term. Moreover, portfolio investment outflows from domestic bond markets and the weak equity market will deepen the pressure on the rupee.

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Drop in CV Loan Delinquencies, On-going Stress in Construction Equipment and Tractor Loans
Nov 22,2016

India Ratings and Researchs (Ind-Ras) analysis of structured finance pool data as of August 2016 shows that commercial vehicle (CV) delinquencies continued to fall while the stress in the construction equipment industry and tractor loans remained elevated. A continuous performance improvement was seen across all vintages of Ind-Ras rated commercial vehicle (CV) ABS portfolio. This is evident from the drop in the weighted average (WA) 90+ days past due (dpd) delinquency of 2014 and 2015 vintages. Also, Ind-Ras CV loans early delinquency index (tracks 30+dpd delinquencies) remained in the range of 5.2%-5.7% since the last report was published in June 2016, indicating an arrest of short-term delinquencies.

Stress in the construction equipment industry persists, with the six monthly average year-on-year changes in the mining index declining to 0.56% in August 2016 from 1.36% in August 2015. Also, WA 90+dpd delinquency for the 2014 vintage remained flat at 4% over the last six months, making it difficult to recover from deeper buckets. Also, the improvement observed in the core infrastructure index has not been consistent enough to support the recovery.

Tractor loans of 2014 and 2015 vintages are experiencing high delinquency levels. As of August 2016, WA 90+dpd delinquency stood at 6.45% for 2015 vintage loans, which is comparable to the loans of 2014 vintage at a similar level of seasoning. This however will have a limited impact on the transactions, because of high credit enhancement coverage on account of the significant amortisation of pass through certificates.

Ind-Ra observes a continual rise in portfolio at risk (PAR) for loans from microfinance institutions (MFI) since 1QFY17 for its rated MFI securitisations. The credit enhancement built up for Ind-Ras rated MFI securitisations has been strong, due to faster amortisation of around 50% within the first six months after issuance.

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Rs 67.01 Crore Sanctioned under Solar City Programme
Nov 22,2016

A total amount of Rs. 67.01 crore has been sanctioned for preparation of master plans, solar city cells, promotional activities and installation of renewable energy projects and an amount of Rs. 24.16 crore has been released, so far, under Solar City Programme. Out of 7 identified solar cities in Maharashtra, an amount of Rs. 7.74 crore has been sanctioned and an amount of Rs. 3.04 crore has been released for 6 solar cities.

 The details of sanctioned and release funds for approved solar cities are as follows:

 State-wise funds sanctioned and released to Solar Cities(Rs. in crore)

Sr. NoStates/UTsApproved Solar Cities Funds Sanctioned      Funds Released       1

Andhra Pradesh


1.960.90Kakinada-- -- Narsapur Town0.50--2



0.450.08 Jorhat0.490.243

Arunachal Pradesh





-- -- 5















Panaji City







Himachal Pradesh

















4.682.14Thane1.130.51Kalyan-Dombivli0.500.25Aurangabad0.500.08Nanded0.500.04Pune-- -- Shirdi0.430.0214

Madhya Pradesh


----Gwalior0.500.10Bhopal 0.480.19Jabalpur-- -- Rewa 0.500.1415









0.470.20 Dimapur 0.490.0418

14.30 GW RE Capacity added during last two and half years under Grid Connected Renewable Power
Nov 21,2016

A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, which include 5.8 GW from Solar Power, 7.04 GW from Wind Power, 0.53 from Small Hydro Power and 0.93 from Bio-power.   NITI Aayog presented the achievement of the various infrastructure Ministries including Ministry of New & Renewable Energy before the Prime Minister on 22nd August 2016. The progress and overall achievement made under Wind Power, Solar Power, Solar Roof Top, Solar power capacity tendered, state policies etc were satisfactory.

The target set for the various renewable energy sources for the next three years are:





Solar Power
















Grand Total




To achieve the targets, various initiatives have been taken by the Government which interalia include:

amendments in the Tariff Policy for strong enforcement of Renewable Purchase Obligation (RPO) and for providing Renewable Generation     Obligation (RGO); setting up of exclusive solar parks; development of power transmission network through Green Energy Corridor project; identification of large government complexes/ buildings for rooftop projects; provision of roof top solar and 10 percent renewable energy as mandatory under Mission Statement and Guidelines for development of smart cities; amendments in building bye-laws for mandatory provision of roof top solar for new construction or higher FAR; infrastructure status for solar projects; raising tax free solar bonds; making roof top solar a part of housing loan by banks/NHB; incorporating measures in Integrated Power Development Scheme (IPDS) for encouraging distribution companies and making net-metering compulsory raising funds from bilateral and international donors as also from the Green Climate Fund to achieve the target. and creation of Surya Mitras for installation and maintenance of the Solar Projects.

In coming years, Ministry is going to focus on : conducive policies for promotion of Grid Interactive Renewable Power so as to reach 175 GW by 2022, Low cost Financing with long tenure for Renewable Energy technologies and Projects, creation of transmission infrastructure for evacuation of Renewable Power, focus on promoting indigenous technologies, technological innovation and research& development in the renewable sector and creation of qualified and skilled man power.

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ESIC Approves the Enhancement of Wage Ceiling from Present Rs. 15,000 per Month to Rs. 21,000
Nov 21,2016

The Employees State Insurance Corporation (ESIC) has approved the enhancement of wage ceiling from present Rs. 15,000 per month to Rs. 21,000/-. The draft Rules calling for objections has been published in Gazette of India on 06.10.2016. This enhancement of wage ceiling shall bring more employees under ESIC coverage. In addition, the decision has also been taken to ensure coverage of the Scheme in all districts of the Country.

The ESIC in its meeting dated 07/08/2015 has decided to bear the expenses on super specialty treatment over and above the expenditure of state government.

The ESIC in its 166th Corporation meetings held on 07.08.2015 has decided to consider eligibility of pre existing diseases i.e. for malignancy & dialysis as prospective w.e.f. 30 August 2016.

Further, ESIC has revised eligibility for Super Specialty including the children of Insured Persons with congenital diseases & genetic disorders.

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State/UT-wise number of beneficiaries of ESIC increased by 5% in 2015-16 over the same period in 2014-15
Nov 21,2016

The State/UTs-wise number of beneficiaries of Employees State Insurance Corporation (ESIC) increased by 5% in 2015-16 over the same period in 2014-2015. The number of beneficiaries of ESIC during the years 2013-14, 2014-2015 & 2015-2016 is given below in table.

For the organised sector, the ESIC has decided to fully cover 393 partially implemented districts. It has also decided to extend the coverage to remaining non-implemented districts by 31.03.2017. As regards, un-organised sector, the ESIC has already launched/approved two separate schemes to provide medical facilities to selected category of self-employed workers like Auto-rickshaw drivers and Domestic workers and their family members on pilot basis at Delhi & Hyderabad. A Committee, under the chairpersonship of Secretary (Labour & Employment) has also been set up to bring various Scheme workers like Anganwadi, ASHA and Mid-day Meal workers under Social Security net through ESIC/EPFO.

For extending the coverage, the survey has already been started and final estimates are not available.

The ESIC has decided to upgrade its dispensaries into six bedded hospitals in a phased manner. For Uttar Pradesh and Delhi, approval is already given as per details below in table.

Total no. of beneficiaries for the year 2013-14, 2014-15 & 2015-16S.No.State/U.T2013-142014-152015-161Andhra Pradesh6135716




24436632Telangana44708083Assam, Meghalaya, Nagaland, Sikkim & Tripura4724685362946177354Bihar4590435072325572075Chandigarh U.T.3832284008044242396Chhattisgarh972794105408010547787Delhi4766347459609249687678Goa6200246427616618509Gujarat34932803752076399674910Haryana56455166080309650684011H.P.83055388611491311912J & K31210734213836068513Jharkhand95242495176497244414Karnataka83240748636919925705915Kerala29593153007000299617516Madhya Pradesh18800921985124212158417Maharashtra90999199125216931312518Odisha13677391467688155037019Puducherry39370438563339288920Punjab31509093116803312118821Rajasthan26467032890173306442422Tamil-Nadu10220036109088521135687623Uttar Pradesh46926275063982512229824Uttrakhand14054141458143160837625West Bengal466073447535825030847Total758447667893677382884095



Sl. No.

Name of DispensaryState/UT1ESIC Dispensary, Factory Road, Sarojini NagarDelhi2ESIC Dispensary, DwarkaDelhi3ESIC Dispensary, MangolpuriDelhi4ESIC Dispensary, Nand NagariDelhi5ESIC Dispensary, JwalapuriDelhi6ESI Dispensary, Nawabganj, Kanpur

According to the estimates of the year 2015-16 there was about Rs. 1 lakh crore value fish production in the country: Shri Radha Mohan Singh
Nov 21,2016

The Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh has said that due to rapid increase in fisheries and aquaculture, the income of fish farmers and farmers is constantly increasing and in the coming days it will benefit fish farmers and farmers at a large scale.

Shri Radha Mohan Singh said that development of the livestock is the best strategy for doubling the farmers income. Due to this reason the budget for 2016-17 for this department is kept at Rs. 1700 crore, which is 21 % higher than the last year budget. The Union Minister said that it is the matter of pride that this year more than 72 % of the budget has been released for the development of the states, which has never happened in the past. Shri Singh said that now, it is the responsibility of the states to spend it properly and should not do fund parking.

The Union Minister said that fish farming will have three benefits firstly, increase in the farmers income secondly, there will be progress in the countrys export and GDP and thirdly it will ensure nutritional and food security in the country.

Shri Radha Mohan Singh told that from last six months, Department of Animal Husbandry, Dairying and Fishery is formulating many new schemes by its strenuous efforts. The department has launched n++Rashtriya Gokul Missionn++ for the breed improvement of indigenous cows and for cattle, goats and sheep higher breed development; it has launched n++National Livestock Missionn++. Shri Singh explained that for the year 2014-15, production of milk was Rs. 4.92 lakh crore which was more than 37% from paddy and wheat combined. Accordingly to the estimate for the year 2015-16, there was about Rs. 1 lakh crore value fisheries production within the country.

The Union Minister said that in fish production, India is constantly at the second position after China. Fisheries are a big sector in the country and around 150 lakh people are engaged in fisheries business. India has first place in the world in the area of shrimp fish and it is the largest exporter of shrimp fish. Shri said that taking all fisheries production together, there was estimated 10.8 million tones fish production in the country in year 2015-16, which is around 6.4 per cent of total fish production of the world. India is the second largest country in the world to produce fish from aquaculture (42.10 lakh tones). It contributes about 6.3 percent in global aquaculture. From the last decade, where the average annual growth rate of export of fish and fisheries production in the world remaining 7.5 per cent, Indian remain at the first place with an average annual growth rate of 14.8 per cent in the export of fisheries product.

Shri Singh said in the last two and half years, his government has constantly made new schemes in the interests of fisheries sector and farmers and has implemented them successfully throughout the country. Agriculture Minister said that success of fisheries is also a result of constant efforts of the government. World Fisheries Day is also being organized from the last two years after the formation of the government. The Minister said that Honble Prime Minister of India, Shri Narendra Modi has given the slogan and vision for the complete development of India-to double the income of the farmers. To achieve this target, government has laid emphasis on the development of the fisheries and its target is to double the income of the fishers, fishermen and farmers by 2022 through aquaculture and marine fisheries.

Shri Radha Mohan Singh told that with a fish production of 72.1 lakh tones from the Indian fisheries, India has second place in the world. India can achieve about 8 per cent growth rate in Indian fishery. The Minister said that looking at the large potential in the development of the fisheries, Honble Prime Minister Shri Narendra Modi has called for n++Blue Revolutionn++ in the field of fisheries. Thereafter, ministry has merged all the existing schemes and started a Rs. 3000 crore umbrella scheme n++Blue Revolution; Integrated Development and Management of Fisheriesn++. This scheme includes in land fisheries, aquaculture, marine fisheries comprising of deep sea fishing, mariculture and all the activities of national fisheries development board (NFDB).

Shri Singh informed that Department of Animal Husbandry, Dairying and Fisheries has prepared a National Fisheries Action Plan 2020 (NFAP) for the next five years to increase fish production and productivity and to achieve the target of blue revolution. In this Action Plan all the different fisheries resources of the country like ponds and tanks, wetlands, brackish water, cold water, lakes reservoirs, rivers and canals and marine sectors are included. All the states / UTs have been requested to prepare State Action Plan (SAP) for the next five years to achieve the objective of blue revolution according to NFAP 2020. The Minister said the aim of Blue Revolution scheme is to increase the fish production and productivity by 8 per cent annual growth rate and to reach 15 million tones mark by 2020. Efforts are being made to bring a n++National inland fisheries Policyn++ along with new n++National Marine Fisheries Policyn++, which will decide an overall and integrated growth frame work in the area of inland fisheries throughout the country.

Shri Radha Mohan Singh said that around 26.869 hectares area has been developed for the aquaculture which has benefited 63,372 fishermen. He said that during the last two years, under fishermen welfare, construction of 9,603 fishermen houses have been assisted whereas 20,705 fishermen have been trained and around 50 lakh fishermen have been provided with annual insurance assistance.

The Minister of State for Agriculture and Farmers Welfare Shri Sudarshan Bhagat, Secretary, Department of Animal Husbandry, Dairying and Fishery, Shri Devendra Chaudhry and other officers of various Ministries and Departments were also present on the occasion

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