• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Citizen-Centric reforms in State and center’s incentives 

December 17, 2020
in Environment, Law & Policy
Reading Time: 3 mins read
0
Citizen-Centric reforms in State and center’s incentives 
139
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news 

Deadline for States to implement citizen-centric reforms extended till 15th February 2021

Key highlights

  • The Department of Expenditure, Ministry of Finance, has extended the deadline for the States to complete citizen centric reforms in various sectors. 
  • Now, if the recommendation from the nodal Ministry concerned regarding implementation of the reform is received by 15th February, 2021, the State will be eligible for reform linked benefits.
  • The Government of India has identified four critical areas for reforms by the States:
    1. Implementation of One Nation One Ration Card System
    2. Ease of doing business reform
    3. Urban Local body/ utility reforms and
    4. Power Sector reforms.

Centre’s incentives to states

States successfully completing the reforms are eligible to get the following two benefits:

Such States get the facility of additional borrowing equivalent to 0.25 percent of their Gross States Domestic Product (GSDP) for completing each reform.

  • Under this facility, additional borrowings of up to Rs.2.14 lakh crore is available to the States on completion of all the four reforms.
  • In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of India had decided in May, 2020 to raise the borrowing limit of the States by 2 percent of their GSDP. 
  • This was aimed at enabling the States to mobilise additional financial resources of up to Rs.4.27 lakh crore. 
  • Half of this special dispensation was linked to reforms. 
  • The purpose was to motivate the States to carry out reforms in various citizen centric areas.

The second benefit available to the States completing three out of the four reforms is additional funds assistance under the “Scheme for Financial Assistance to States for Capital Expenditure”. 

  • Under the scheme, an amount of Rs.2,000 crore is earmarked for the States that will complete at least three out of the four stipulated reforms
  • The scheme was announced by the Finance Minister on 12th October, 2020 as part of Atma Nirbhar Bharat Package 2.0. 
  • It is aimed at boosting capital expenditure by State Governments who are facing difficult financial environment this year due to the shortfall in tax revenue arising from the COVID-19 pandemic. 
  • A total amount of Rs.12,000 crore has been earmarked by the Government of India under this scheme. 
  • Capital Expenditure has a higher multiplier effect, enhancing the future productive capacity of the economy, and results in a higher rate of economy growth.

Current status of the schemes

The twin incentives have pushed the States to undertake the reforms. So far 9 States have implemented the One Nation One Ration Card System, 4 States have completed the ease of doing business reforms and one State has done the urban local body/ utility reforms. Additional borrowing permission of Rs.40,251 crore has been granted to these States. 

Significance of the extension

Extension of the date for completion of reforms is likely to motivate other States also to complete the reform process expeditiously and avail the linked financial benefits.

image_pdfMake PDF
Source: PIB
Tags: Prelims

Related Posts

Forest (Conservation) Rules, 2022

Forest (Conservation) Rules, 2022

July 2, 2022
2022 United Nations Ocean Conference

2022 United Nations Ocean Conference

July 1, 2022
Ban on single use plastics

Ban on single use plastics

July 1, 2022
PM MITRA scheme

PM MITRA scheme

July 1, 2022
India Forum for Nature-based Solutions

India Forum for Nature-based Solutions

July 1, 2022
India State Support Programme for Road Safety

India State Support Programme for Road Safety

June 30, 2022
EU’s Nature Restoration Law

EU’s Nature Restoration Law

June 30, 2022
Anti-defection law and its effect on politics

Anti-defection law and its effect on politics

June 29, 2022
Performance Grading Index for Districts (PGI-D)

Performance Grading Index for Districts (PGI-D)

June 29, 2022
Bharat NCAP program

Bharat NCAP program

June 29, 2022
Please login to join discussion

Our Offline Classroom Student

PRELIMS 2021 POLITY QUESTIONS ANALYSED

https://youtu.be/5q8hBcRGhAs

PRELIMS 2021 HISTORY QUESTIONS ANALYSED

https://youtu.be/v0SIZ7SUybg

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

July 2022
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News Newspaper News Paper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News Newspaper News Paper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In