- YS Sujana Chowdary - Member Of Parliament

Monday, August 26, 2013

Allocation Of Coal Linkages

GOVERNMENT OF INDIA

MINISTRY OF  COAL

RAJYA SABHA

QUESTION NO  232

ANSWERED ON  26.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of COAL be pleased to satate :-
(a) the details of requests received from the States for allocation of coal linkages, State-wise, along with the status thereof ; and

(b) whether there has been an inordinate delay in disposing of these requests, and if so, the reasons therefor?
  
ANSWER
      
MINISTER OF COAL
(SHRI SRIPRAKASH JAISWAL)


(a)&(b) : A Statement is laid on the Table of the House.

****
Statement referred to in reply to parts (a)&(b) of Rajya Sabha Starred Question No. 232 for 26.08.2013

(a)&(b): The State-wise details of requests received from the States for allocation of coal linkages are as under:-

S.No. State Number of application
1. Andhra Pradesh 5
2. Assam 5
3. Bihar 6
4. Chhattisgarh 4
5. Gujarat 1
6. Haryana 2
7. Karnataka 5
8. Kerala 1
9. Madhya Pradesh 5
10. Maharashtra 13
11. Orissa 1
12. Punjab 3
13. Rajasthan 6
14. Tamil Nadu 4
15. Uttar Pradesh 9
16. West Bengal 5
Total 75



Coal India Limited (CIL) and its subsidiary coal companies have issued 176 Letters of Assurance (LoA) for coal supply, covering the capacity of about 1,08,000 MW. During the last three years of 11th Plan, capacity of about 26,000 MW has been commissioned and the balance capacity of about 82,000 MW is likely to be commissioned during 12th Plan period and beyond. Since LoAs amounting to more than 80,000 MW for setting up the power projects already exist and subsidiary companies of Coal India Limited (CIL) are reporting negative coal balance, there is prima facia no scope for the grant of new coal linkages/LoAs for 12th Plan Power Projects. 



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Thursday, August 22, 2013

Encroachment Of DDA Land

GOVERNMENT OF INDIA

MINISTRY OF  URBAN DEVELOPMENT

RAJYA SABHA

UNSTARRED QUESTION NO-1548

ANSWERED ON-22.08.2013



SHRI Y.S. CHOWDARY
Will the Minister of URBAN DEVELOPMENT be pleased to state:

(a) the details of Delhi Development Authority’s land encroached upon by illegal occupants during the last two decades;

(b) whether it is a fact that a Media house had also encroached upon one such path of land measuring about 5500 sq. meters and it is being enjoyed by them for the last over two decades without any action being taken by the statutory authorities; and

(c) if so, the steps taken / being taken by Government in this regard?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF URBAN DEVELOPMENT

(SMT. DEEPA DASMUNSHI)

(a) Sir, the Delhi Development Authority has informed that the land reported to be encroached as on 7.08.2013 is 4789 acres.

(b) A Media House is reported to be in illegal occupation of an Institutional plot of DDA roughly measuring 1823 sq.m. in Wazirpur Industrial Area. A status quo has been granted by a judicial court on 21.05.2013.

(c) Appropriate action regarding removal of encroachment and reclaiming the land is taken by DDA as and when encroachment on their land is reported.



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Monday, August 19, 2013

Construction Of Roads Under PMGSY

GOVERNMENT OF INDIA

MINISTRY OF  RURAL DEVELOPMENT

RAJYA SABHA

QUESTION NO  1363

ANSWERED ON  19.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of RURAL DEVELOPMENT  be pleased to satate :-
(a) the details of roads sanctioned under the PradhanMantri Gram SadakYojana (PMGSY) during the last three years across the country including Andhra Pradesh;

(b) the details of roads constructed under PMGSY during the last three years, State-wise;

(c) whether there has been an inordinate delay in constructing the roads under PMGSY;

(d) if so, the reasons therefor; and

(e) the steps taken/being taken by Government for early completion of under construction roads?

   

ANSWER

MINISTER OF STATE IN THE MINISTRY OF RURAL DEVELOPMENT
(SHRI LALCHAND KATARIA)

(a) The details of roads sanctioned under PradhanMantri Gram SadakYojana (PMGSY) during the last three years across the country including Andhra Pradesh are given at Annexure-I.

(b) The length of road works completed during the last three years, State wise under PMGSY are given at Annexure-II.

(c)&(d) The funds for the projects sanctioned under PMGSY are made available to the State Rural Roads Development Agency (SRRDA) based upon their demand, absorption capacity, works undertaken and fulfilling of certain conditions laid down in the programme guidelines for release of funds. It is the responsibility of the State to ensure timely completion of the road works under the programme. Some of the reasons adversely affecting the implementation of the programme, as reported by the States are as under:-

i. Limited Institutional and Contracting Capacity.
ii. Non- availability of land and issues related to delayed forest clearances.
iii. Unfavorable weather conditions.
iv. Lack of absorption and execution capacity.

(e) PMGSY is an ongoing scheme and progress of implementation of the programme and related issues are reviewed regularly through Empowered Committee Meetings and Regional Review Meetings (RRMs), etc. The major steps taken by the Ministry of Rural Development to increase the efficiency in the implementation of the programme includes:

(i) Augmenting the execution capacity of the States.
(ii) Rationalization of provisions in the Standard Bidding Document (SBD).
(iii) Imparting training to field engineers for capacity building.



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Misuse Of Mid Day Meal Fund

GOVERNMENT OF INDIA

MINISTRY OF  HUMAN RESOURCE DEVELOPMENT

RAJYA SABHA

QUESTION NO  1325

ANSWERED ON  19.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of HUMAN RESOURCE DEVELOPMENT be pleased to satate :-
(a) whether Government have received any complaints for misuse of Mid Day Meal Scheme fund across the country;

(b) if so, the details thereof;

(c) whether it is also a fact that about 1.5 cr. kids go hungry alone in Bihar, as Bihar teachers have shunned meal duties; and

(d) the steps taken/being taken by Government in this regard?
   

ANSWER

MINISTER OF STATE IN THE
MINISTRY OF HUMAN RESOURCE DEVELOPMENT
(DR. SHASHI THAROOR)


(a) & (b): Yes Sir, a total of 27 complaints of the misuse of Mid Day Meal Scheme funds have been received in this Ministry during 2012 and the current year from the various States/UTs. These complaints were referred to the concerned State Governments, who have taken necessary action in 9 out of the 27 cases. Reports are awaited in 18 cases. The allegations were found to be baseless in 04 cases, while action has been taken by the State Governments in the remaining 05 cases. The action taken included the suspension of erring officials; warnings to the responsible officers; the initiation of departmental proceedings against erring officials, and recovery from the guilty persons.

(c): One faction of Bihar State Primary Teachers Education Sangh decided to boycott non education activities such as the Mid-Day Meal Scheme etc. from 25.07.2013 to 29.07.2013. The impact of this boycott on the Mid-Day Meal Scheme was minimal and interruption was found only in 10% of the 70238 schools where the Mid Day Meal Scheme is implemented.

(d): The Department of Education of the State Government motivated the teachers to withdraw the boycott and continue their support to the Mid-Day Meal Scheme.



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Friday, August 16, 2013

Revival Of FCI Unit In Ramagundam

GOVERNMENT OF INDIA

MINISTRY OF  CHEMICALS AND FERTILIZERS

RAJYA SABHA

QUESTION NO  1124

ANSWERED ON  16.08.2013

SHRI Y.S. CHOWDARY
Will the Minister of CHEMICALS AND FERTILIZERS be pleased to satate :-
Will the Minister of CHEMICALS AND FERTILIZERS be pleased to state:

(a) whether Government is considering to revive the Fertilizer Corporation of India unit at Ramagundam in Andhra Pradesh;

(b) if so, the status thereof;

(c) whether revival of fertilizer factory at Ramagundam would help in augmenting the current fertilizer production capacity; and

(d) if so, the action taken by Government till date in this regard?
   

ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF CHEMICALS & FERTILIZERS AND MINISTER OF STATE (I/C) IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

(SHRI SRIKANT KUMAR JENA)

(a) to (d) Yes, Sir. The Cabinet Committee on Economic Affairs (CCEA) in August, 2011 had approved the Draft Rehabilitation Scheme (DRS) for revival of all the Units of FCIL, including Ramagundam Fertilizer Plant. DRS envisaged revival of Ramagundam Unit by M/s. Engineers India Limited (EIL) and M/s. National Fertilizers Limited (NFL). Recently, CCEA in its meeting held on 9.5.2013, inter-alia, approved waiver of Government of India loan and interest of Fertilizer Corporation of India Limited (FCIL) to facilitate FCIL to arrive at positive net worth. This enabled FCIL to get de-registered from the purview of Board For Industrial and Financial reconstruction ( BIFR). Government contemplates gainful utilization of the land and assets lying idle by setting up a minimum 1.15 million tonnes per annum urea plant at each of closed units of FCIL including Ramagundam besides any other permitted industrial activity.


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Wednesday, August 14, 2013

Acid Attacks On Girls Women

GOVERNMENT OF INDIA

MINISTRY OF  HOME AFFAIRS

RAJYA SABHA

QUESTION NO  1023

ANSWERED ON  14.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of HOME AFFAIRS be pleased to satate :-
(a) whether it is a fact that acid attacks on girls/women have risen during the last three years;

(b) whether it is also a fact that Hon'ble Supreme Court has asked the Centre/State Governments to formulate a policy to regulate/ban the retail sale of acids; and

(c) the steps taken/being taken by Government in this regard?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF HOME AFFAIRS
(SHRI R.P.N. SINGH)

(a): As per data provided by the National Crime Records Bureau (NCRB), the total number of Cases Registered (CR), Women Victim (WMV), Cases Charge-sheeted (CS), Persons Arrested (PAR) and Persons Chargesheeted (PCS) under acid attack on women during 2010-2012 is given at Annexure.

(b) & (c): Supreme Court while hearing the Writ Petition (Criminal) 129/2006, Laxmi vs. UoI on 18th July, 2013 has directed the Central Government and State Govts/ UT Administrations to prepare a policy on regulating retail sale of acids. Model rules on regulation of retail sale of acid titled “The Poisons Possession and Sale Rules, 2013” have been formulated.


ANNEXURE 


 
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Tuesday, August 13, 2013

Steps Taken To Contain CAD

GOVERNMENT OF INDIA

MINISTRY OF  FINANCE

RAJYA SABHA

QUESTION NO  839

ANSWERED ON  13.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of FINANCE be pleased to satate :-
(a) whether it is a fact that Current Account Deficit (CAD) has been on rise during the last three years;

(b) if so, the details thereof;

(c) whether it is also a fact that the Current Account Deficit (CAD) will remain high for two more years; and

(d) the steps taken/being taken by Government to contain it as quickly as possible?
    

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI NAMO NARAIN MEENA)


(a) & (b) Current account deficit (CAD) during the last three years is given below.
------------------------------------------------
Year CAD (US$ billion) CAD as
per cent of GDP
2010-11 48.1 2.8
2011-12 78.2 4.2
2012-13 88.2 4.8
------------------------------------------------


(c) & (d) The Government has taken a slew of initiatives to boost exports and to contain imports to lower trade deficit and thereby CAD. The Government announced various export enhancing measures in June 2012, December 2012 and April 2013. In July 2013, Government has increased the rate of interest subvention from 2 per cent to 3 per cent to benefit the exporters of small and medium enterprises and also for the most of the labour intensive sectors.
In order to lower the import of gold, the Government had raised the import duty from 2 per cent to 4 per cent on gold in the Budget 2012-13, which was enhanced to 6 per cent in January 2013 and further to 8 per cent in June 2013. As a step towards restricting the gold imports, Government has linked the gold imports with the gold exports, whereby 20 per cent of the imported gold has to be channelized for gold exporters. Inflation Indexed Bonds has been introduced on June 04, 2013 to wean away investors from the gold to other savings instruments and help in moderating gold demand.
Apart from these measures, the Government has revised diesel prices and capped subsidized LPG cylinders to consumers to contain the fiscal burden of subsidies in September 2012. In January 2013, oil marketing companies were permitted to raise diesel prices in small measures periodically. These measures are expected to moderate the demand for oil imports.
Given the steps taken by the Government to enhance exports and to lower imports, it is expected that CAD will moderate in the current fiscal.


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Monday, August 26, 2013

Allocation Of Coal Linkages

GOVERNMENT OF INDIA

MINISTRY OF  COAL

RAJYA SABHA

QUESTION NO  232

ANSWERED ON  26.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of COAL be pleased to satate :-
(a) the details of requests received from the States for allocation of coal linkages, State-wise, along with the status thereof ; and

(b) whether there has been an inordinate delay in disposing of these requests, and if so, the reasons therefor?
  
ANSWER
      
MINISTER OF COAL
(SHRI SRIPRAKASH JAISWAL)


(a)&(b) : A Statement is laid on the Table of the House.

****
Statement referred to in reply to parts (a)&(b) of Rajya Sabha Starred Question No. 232 for 26.08.2013

(a)&(b): The State-wise details of requests received from the States for allocation of coal linkages are as under:-

S.No. State Number of application
1. Andhra Pradesh 5
2. Assam 5
3. Bihar 6
4. Chhattisgarh 4
5. Gujarat 1
6. Haryana 2
7. Karnataka 5
8. Kerala 1
9. Madhya Pradesh 5
10. Maharashtra 13
11. Orissa 1
12. Punjab 3
13. Rajasthan 6
14. Tamil Nadu 4
15. Uttar Pradesh 9
16. West Bengal 5
Total 75



Coal India Limited (CIL) and its subsidiary coal companies have issued 176 Letters of Assurance (LoA) for coal supply, covering the capacity of about 1,08,000 MW. During the last three years of 11th Plan, capacity of about 26,000 MW has been commissioned and the balance capacity of about 82,000 MW is likely to be commissioned during 12th Plan period and beyond. Since LoAs amounting to more than 80,000 MW for setting up the power projects already exist and subsidiary companies of Coal India Limited (CIL) are reporting negative coal balance, there is prima facia no scope for the grant of new coal linkages/LoAs for 12th Plan Power Projects. 



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Thursday, August 22, 2013

Encroachment Of DDA Land

GOVERNMENT OF INDIA

MINISTRY OF  URBAN DEVELOPMENT

RAJYA SABHA

UNSTARRED QUESTION NO-1548

ANSWERED ON-22.08.2013



SHRI Y.S. CHOWDARY
Will the Minister of URBAN DEVELOPMENT be pleased to state:

(a) the details of Delhi Development Authority’s land encroached upon by illegal occupants during the last two decades;

(b) whether it is a fact that a Media house had also encroached upon one such path of land measuring about 5500 sq. meters and it is being enjoyed by them for the last over two decades without any action being taken by the statutory authorities; and

(c) if so, the steps taken / being taken by Government in this regard?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF URBAN DEVELOPMENT

(SMT. DEEPA DASMUNSHI)

(a) Sir, the Delhi Development Authority has informed that the land reported to be encroached as on 7.08.2013 is 4789 acres.

(b) A Media House is reported to be in illegal occupation of an Institutional plot of DDA roughly measuring 1823 sq.m. in Wazirpur Industrial Area. A status quo has been granted by a judicial court on 21.05.2013.

(c) Appropriate action regarding removal of encroachment and reclaiming the land is taken by DDA as and when encroachment on their land is reported.



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Monday, August 19, 2013

Construction Of Roads Under PMGSY

GOVERNMENT OF INDIA

MINISTRY OF  RURAL DEVELOPMENT

RAJYA SABHA

QUESTION NO  1363

ANSWERED ON  19.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of RURAL DEVELOPMENT  be pleased to satate :-
(a) the details of roads sanctioned under the PradhanMantri Gram SadakYojana (PMGSY) during the last three years across the country including Andhra Pradesh;

(b) the details of roads constructed under PMGSY during the last three years, State-wise;

(c) whether there has been an inordinate delay in constructing the roads under PMGSY;

(d) if so, the reasons therefor; and

(e) the steps taken/being taken by Government for early completion of under construction roads?

   

ANSWER

MINISTER OF STATE IN THE MINISTRY OF RURAL DEVELOPMENT
(SHRI LALCHAND KATARIA)

(a) The details of roads sanctioned under PradhanMantri Gram SadakYojana (PMGSY) during the last three years across the country including Andhra Pradesh are given at Annexure-I.

(b) The length of road works completed during the last three years, State wise under PMGSY are given at Annexure-II.

(c)&(d) The funds for the projects sanctioned under PMGSY are made available to the State Rural Roads Development Agency (SRRDA) based upon their demand, absorption capacity, works undertaken and fulfilling of certain conditions laid down in the programme guidelines for release of funds. It is the responsibility of the State to ensure timely completion of the road works under the programme. Some of the reasons adversely affecting the implementation of the programme, as reported by the States are as under:-

i. Limited Institutional and Contracting Capacity.
ii. Non- availability of land and issues related to delayed forest clearances.
iii. Unfavorable weather conditions.
iv. Lack of absorption and execution capacity.

(e) PMGSY is an ongoing scheme and progress of implementation of the programme and related issues are reviewed regularly through Empowered Committee Meetings and Regional Review Meetings (RRMs), etc. The major steps taken by the Ministry of Rural Development to increase the efficiency in the implementation of the programme includes:

(i) Augmenting the execution capacity of the States.
(ii) Rationalization of provisions in the Standard Bidding Document (SBD).
(iii) Imparting training to field engineers for capacity building.



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Misuse Of Mid Day Meal Fund

GOVERNMENT OF INDIA

MINISTRY OF  HUMAN RESOURCE DEVELOPMENT

RAJYA SABHA

QUESTION NO  1325

ANSWERED ON  19.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of HUMAN RESOURCE DEVELOPMENT be pleased to satate :-
(a) whether Government have received any complaints for misuse of Mid Day Meal Scheme fund across the country;

(b) if so, the details thereof;

(c) whether it is also a fact that about 1.5 cr. kids go hungry alone in Bihar, as Bihar teachers have shunned meal duties; and

(d) the steps taken/being taken by Government in this regard?
   

ANSWER

MINISTER OF STATE IN THE
MINISTRY OF HUMAN RESOURCE DEVELOPMENT
(DR. SHASHI THAROOR)


(a) & (b): Yes Sir, a total of 27 complaints of the misuse of Mid Day Meal Scheme funds have been received in this Ministry during 2012 and the current year from the various States/UTs. These complaints were referred to the concerned State Governments, who have taken necessary action in 9 out of the 27 cases. Reports are awaited in 18 cases. The allegations were found to be baseless in 04 cases, while action has been taken by the State Governments in the remaining 05 cases. The action taken included the suspension of erring officials; warnings to the responsible officers; the initiation of departmental proceedings against erring officials, and recovery from the guilty persons.

(c): One faction of Bihar State Primary Teachers Education Sangh decided to boycott non education activities such as the Mid-Day Meal Scheme etc. from 25.07.2013 to 29.07.2013. The impact of this boycott on the Mid-Day Meal Scheme was minimal and interruption was found only in 10% of the 70238 schools where the Mid Day Meal Scheme is implemented.

(d): The Department of Education of the State Government motivated the teachers to withdraw the boycott and continue their support to the Mid-Day Meal Scheme.



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Friday, August 16, 2013

Revival Of FCI Unit In Ramagundam

GOVERNMENT OF INDIA

MINISTRY OF  CHEMICALS AND FERTILIZERS

RAJYA SABHA

QUESTION NO  1124

ANSWERED ON  16.08.2013

SHRI Y.S. CHOWDARY
Will the Minister of CHEMICALS AND FERTILIZERS be pleased to satate :-
Will the Minister of CHEMICALS AND FERTILIZERS be pleased to state:

(a) whether Government is considering to revive the Fertilizer Corporation of India unit at Ramagundam in Andhra Pradesh;

(b) if so, the status thereof;

(c) whether revival of fertilizer factory at Ramagundam would help in augmenting the current fertilizer production capacity; and

(d) if so, the action taken by Government till date in this regard?
   

ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF CHEMICALS & FERTILIZERS AND MINISTER OF STATE (I/C) IN THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION

(SHRI SRIKANT KUMAR JENA)

(a) to (d) Yes, Sir. The Cabinet Committee on Economic Affairs (CCEA) in August, 2011 had approved the Draft Rehabilitation Scheme (DRS) for revival of all the Units of FCIL, including Ramagundam Fertilizer Plant. DRS envisaged revival of Ramagundam Unit by M/s. Engineers India Limited (EIL) and M/s. National Fertilizers Limited (NFL). Recently, CCEA in its meeting held on 9.5.2013, inter-alia, approved waiver of Government of India loan and interest of Fertilizer Corporation of India Limited (FCIL) to facilitate FCIL to arrive at positive net worth. This enabled FCIL to get de-registered from the purview of Board For Industrial and Financial reconstruction ( BIFR). Government contemplates gainful utilization of the land and assets lying idle by setting up a minimum 1.15 million tonnes per annum urea plant at each of closed units of FCIL including Ramagundam besides any other permitted industrial activity.


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Wednesday, August 14, 2013

Acid Attacks On Girls Women

GOVERNMENT OF INDIA

MINISTRY OF  HOME AFFAIRS

RAJYA SABHA

QUESTION NO  1023

ANSWERED ON  14.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of HOME AFFAIRS be pleased to satate :-
(a) whether it is a fact that acid attacks on girls/women have risen during the last three years;

(b) whether it is also a fact that Hon'ble Supreme Court has asked the Centre/State Governments to formulate a policy to regulate/ban the retail sale of acids; and

(c) the steps taken/being taken by Government in this regard?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF HOME AFFAIRS
(SHRI R.P.N. SINGH)

(a): As per data provided by the National Crime Records Bureau (NCRB), the total number of Cases Registered (CR), Women Victim (WMV), Cases Charge-sheeted (CS), Persons Arrested (PAR) and Persons Chargesheeted (PCS) under acid attack on women during 2010-2012 is given at Annexure.

(b) & (c): Supreme Court while hearing the Writ Petition (Criminal) 129/2006, Laxmi vs. UoI on 18th July, 2013 has directed the Central Government and State Govts/ UT Administrations to prepare a policy on regulating retail sale of acids. Model rules on regulation of retail sale of acid titled “The Poisons Possession and Sale Rules, 2013” have been formulated.


ANNEXURE 


 
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Tuesday, August 13, 2013

Steps Taken To Contain CAD

GOVERNMENT OF INDIA

MINISTRY OF  FINANCE

RAJYA SABHA

QUESTION NO  839

ANSWERED ON  13.08.2013


SHRI Y.S. CHOWDARY
Will the Minister of FINANCE be pleased to satate :-
(a) whether it is a fact that Current Account Deficit (CAD) has been on rise during the last three years;

(b) if so, the details thereof;

(c) whether it is also a fact that the Current Account Deficit (CAD) will remain high for two more years; and

(d) the steps taken/being taken by Government to contain it as quickly as possible?
    

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI NAMO NARAIN MEENA)


(a) & (b) Current account deficit (CAD) during the last three years is given below.
------------------------------------------------
Year CAD (US$ billion) CAD as
per cent of GDP
2010-11 48.1 2.8
2011-12 78.2 4.2
2012-13 88.2 4.8
------------------------------------------------


(c) & (d) The Government has taken a slew of initiatives to boost exports and to contain imports to lower trade deficit and thereby CAD. The Government announced various export enhancing measures in June 2012, December 2012 and April 2013. In July 2013, Government has increased the rate of interest subvention from 2 per cent to 3 per cent to benefit the exporters of small and medium enterprises and also for the most of the labour intensive sectors.
In order to lower the import of gold, the Government had raised the import duty from 2 per cent to 4 per cent on gold in the Budget 2012-13, which was enhanced to 6 per cent in January 2013 and further to 8 per cent in June 2013. As a step towards restricting the gold imports, Government has linked the gold imports with the gold exports, whereby 20 per cent of the imported gold has to be channelized for gold exporters. Inflation Indexed Bonds has been introduced on June 04, 2013 to wean away investors from the gold to other savings instruments and help in moderating gold demand.
Apart from these measures, the Government has revised diesel prices and capped subsidized LPG cylinders to consumers to contain the fiscal burden of subsidies in September 2012. In January 2013, oil marketing companies were permitted to raise diesel prices in small measures periodically. These measures are expected to moderate the demand for oil imports.
Given the steps taken by the Government to enhance exports and to lower imports, it is expected that CAD will moderate in the current fiscal.


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