GDP first quarter (Q1) of 2014-15 is estimated to be 5.7 per cent
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Finance Ministry states that the performance of the economy in the First Quarter of the FINANCIAL Year 2014-15 is broadly on expected lines. Responding to the estimates of GDP for the first quarter of 2014-15 as released today by the Central Statistics Office (CSO), the Ministry states that with improvement witnessed in some important sectors including manufacturing as well as in the performance of exports (that REGISTERED a growth of 11.5 per cent at 2004-05 prices), along with the measures taken by the Government, the economy can be expected to show further improvement in the remaining part of the year.
Growth in GDP at factor cost at constant (2004-05) prices (real GDP) for the first quarter (Q1) of 2014-15 is estimated to be 5.7 per cent as against 4.7 per cent in Q1 of 2013-14. The growth rate for the FINANCIAL year 2013-14 was 4.7 per cent.
At the sectoral level, the growth rate is 3.8 per cent for agriculture and allied sectors, 4.2 per cent for industry sector and 6.8 per cent for services sector in Q1 of 2014-15. This growth was 4.0 per cent, (-) 0.4 per cent and 7.2 per cent respectively for these sectors in Q1 of 2013-14.
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Real GDP grows at 5.7% in Q1 FY2015
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(The real GDP growth stands at 5.7% in Q1 of FY15 as against 4.7% in Q1 of FY14)
India’s real GDP growth increased to 5.7% in Q1 of 2014-15 from 4.7% in Q1 of 2013-14. The GDP at factor cost at constant (2004-2005) prices for Q1 of 2014-15 is estimated at Rs. 14.38 lakh crore, as against Rs.13.61 lakh crore in Q1 of 2013-14. Whereas, GDP at factor cost at current prices in Q1 of 2014-15, is estimated at Rs. 26.97 lakh crore, as against Rs. 24.11 lakh crore in Q1 of 2013-14, showing an increase of 11.9%.
Trend in growth of India’s real GDP (%)
Source: PHD Research Bureau, compiled from CSO
The economic activities which REGISTERED significant growth in Q1 of 2014-15 over Q1 of 2013-14 are electricity, gas & water supply at 10.2%, financing, insurance, real estate and business services at 10.4% and community, social and personal services at 9.1%. The estimated growth rates in other economic activities are 4.8% in construction, 3.5% in manufacturing, 2.8% in TRADE, HOTELS, transport and communication, 3.8% in agriculture, forestry & fishing, and 2.1% in mining & quarrying during this period.
Recent pattern in quarterly estimate of GDP growth (at 2004-05 prices)
Source: PHD Research Bureau, compiled from CSO
Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 16.71 lakh crore in Q1 of 2014-15 as against Rs. 14.92 lakh crore in Q1 of 2013-14. At constant (2004-05) prices, the PFCE is estimated at Rs. 9.35 lakh crore in Q1 of 2014-15 as against Rs. 8.85 lakh crore in Q1 of 2013-14. In terms of GDP at MARKET prices, the rates of PFCE at current and constant (2004-2005) prices during Q1 of 2014-15 are estimated at 58.8% and 61.7%, respectively, as against the corresponding rates of 58.6% and 61.8%, respectively in Q1 of 2013-14.
Government Final Consumption Expenditure (GFCE) at current prices is estimated at Rs. 3.81 lakh crore in Q1 of 2014-15 as against Rs. 3.29 lakh crore in Q1 of 2013-14. At constant (2004-2005) prices, the GFCE is estimated at Rs. 1.87 lakh crore in Q1 of 2014-15 as against Rs. 1.72 lakh crore in Q1 of 2013-14. In terms of GDP at MARKET prices, the rates of GFCE at current and constant (2004-2005) prices during Q1 of 2014-15 are estimated at 13.4% and 12.4%, respectively, as against the corresponding rate of 12.9% and 12% each in Q1 of 2013-14.
Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 8.14 lakh crore in Q1 of 2014-15 as against Rs. 7.32 lakh crore in Q1 of 2013-14. At constant (2004-2005) prices, the GFCF is estimated at Rs. 4.96 lakh crore in Q1 of 2014-15 as against Rs. 4.63 lakh crore in Q1 of 2013-14. In terms of GDP at MARKET prices, the rates of GFCF at current and constant (2004-2005) prices during Q1 of 2014-15 are estimated at 28.6% and 32.7%, respectively, as against the corresponding rates of 28.7% and 32.3%, respectively in Q1 of 2013-14.
Select demand side indicators, as % of GDP (at constant MARKET prices)
Item | Q1FY15 | Q1FY14 |
Private Final Consumption Expenditure | 61.7 | 61.8 |
Government Final Consumption Expenditure | 12.0 | 12.4 |
Gross Fixed Capital Formation | 32.7 | 32.3 |
Source: PHD Research Bureau, compiled from CSO
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Punjab decisions taken in a joint PAC and state executive meet
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From: Media Cell AAP Fri, 29 Aug ’14 5:46p
To: undisclosed-recipients:;
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A joint meeting of the Political Affairs Committee of the Aam Aadmi Party and the Punjab state executive committee of the party was held in Delhi on Friday.
At this meeting, the following decision were taken:
1. Suchche Singh Chottepur was given the responsibility of state convenor. He was the party’s candidate from the Gurdaspur Lok Sabha constituency and has led many social movements in the state.
2. Lok Sabha MP from Sangrur, Bhagwant Mann, has been given the charge of running campaigns across the state and mobilizing the youth in Punjab.
3. It was resolved that strict disciplinary action would be taken against those indulging in anti-party activities and seek to kill the idea of clean politics in Punjab by hurting the Aam Aadmi Party.
4. The Aam Aadmi Party is committed to a drug-free and corruption-free Punjab. The AAP vows to continue this fight and run state-wide campaigns till the idea and institution of clean politics does not become permanent in the land of the five rivers, Punjab.
Regards.
AAP Media Cell
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July 2014 fiscal deficit at 61.2% of actuals to BEs
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The gross fiscal deficit of the Central government stands at 61.2% of the actuals to budget estimates at the end of July 2014 as compared to 62.8% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit significantly increased to 198.1% of the actuals to budget estimates at the end of July 2014 as compared to 148% of the actuals to budget estimates during corresponding period of the previous year.
Differentials in use of fiscal deficit space at the end of July 2014 vis-୶is July 2013 (in %)
Source: PHD Research Bureau, compiled from Government of India accounts, Government of India
Note: The Fiscal deficit data pertains to the end of the respective month
The Data for January 2014, February 2014, March 2014 and January 2013, February 2013, March 2013 pertains to actuals to revised estimates
* indicates data at the end of respective FINANCIAL year and are % of actuals to revised estimates
The revenue receipts at the end of July 2014 of the central government stands at 14.8% of the actuals to budget estimates as compared with 16.7% of the actuals to budget estimates at the end of July 2013.
Fiscal position for July FY2015 vis-୶is July FY2014
Month | % of Actuals to Budget Estimates FY2015* | % of Actuals to Budget Estimates FY2014* | % of Actuals to Budgeted Estimates FY2013* | % of Actuals to Budgeted Estimates FY2012* |
April | 21.5 | 17.3 | 13.1 | 18.1 |
May | 45.6 | 33.3 | 27.6 | 31.7 |
June | 56.1 | 48.4 | 37.1 | 39.4 |
July | 61.2 | 62.8 | 51.5 | 55.4 |
August | 74.6 | 65.7 | 66.3 | |
September | 76.0 | 65.6 | 68 | |
October | 84.4 | 71.6 | 74.4 | |
November | 93.9 | 80.4 | 85.6 | |
December | 95.2 | 78.8 | 92.3 | |
January | 101.6 | 89.4 | 105.4 | |
February | 114.3 | 97.4 | 94.6 | |
March | 96.9^ | 94.1^ | 98.9^ |
Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India
Note: * Data pertains to the end of the respective month
The Data for January 2014, February 2014, March 2014 and January 2013, February 2013, March 2013 pertains to actuals to revised estimates
^ indicates data at the end of respective FINANCIAL year and are % of actuals to revised estimates
The government’s MARKET borrowing stands at 51% of the actuals to budget estimates at the end of July 2014 as compared with 50% of the actuals to budget estimates at the end of July 2013. The domestic financing stands at 61% of the actuals to budget estimates at the end of July 2014 as compared to 64% of the actuals to budget estimates at the end of July 2013. The external financing of the government stands at 35% of the actuals to budget estimates at the end of July 2014 as against 10% of the actuals to budget estimates at the end of July 2013. The total financing of the central government stands at 61% of the actuals to budget estimates at the end of July 2014 as against 63% of the actuals to budget estimates during the corresponding period of previous year.
Sources of financing the deficit (%)
Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India
Note: Data pertains to the end of July 2013 and July 2014
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EFI Condemns the desecration of the Church in Uttar Pradesh
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PRESS STATEMENT
The Evangelical Fellowship of India Religious Liberty Commission condemns in strongest words the reported attempted conversion of a Church into a Mandir, allegedly by Hindu groups at Asroi, near Aligarh in Uttar Pradesh on August 27, 2014. Asroi is 30 Kilometres from Aligarh and part of Hathras District.
On the same day it was also reported that a mass conversion of Christians to Hinduism also took place inside the ‘converted’ Church as a ‘Shuddhikaran (purification)’ ceremony and a ‘Havan’ (a Hindu ritual which involves making OFFERING into a consecrated fire), were performed under the guidance and in the presence of many Hindu leaders.
As per reports by the Times of India, Dainik Jagran, Dainik Bhaskar and other newspapers, the groups included the Dharma Jagran Manch, which is affiliated with the Rashtriya Swayamsevak Sangh, the Arya Samaj, Bajrang Dal and the Vishwa Hindu Parishad among others.
The ‘conversion’ of the Church included the desecration of the cross, the installation of posters of Hindu Gods by Hindu right wing groups. According to the Times of India report, “A cross was allegedly removed from the church and placed outside the gate and a portrait of Shiva installed.” The ‘purification’ ceremony was also marked by much anti-Christian sloganeering.
It is evident from the reports that this alleged conversion to Hinduism has been organised and carried out by strong fundamentalist political religious groups. It is also clear that this seems to be a part of a larger strategy and conspiracy against religious minorities. We condemn both the act and the sinister conspiracy.
The desecration of the church as reported in newspapers is a separate heinous crime under the Indian penal code as it violates many of the IPC sections. Moreover it is an attack on the sanctity of the place of worship and hurts both Christian and Hindu sentiments.
We have confirmed reports that not all Christians belonging to the said Church were converted and that the media reports are highly exaggerated. According to information available, the persons quoted as converted to Hinduism, were already followers of the Hindu religion.
As per inputs received from Asian News Network, 11 people have been arrested so far.
We appeal to both the state and central government to act strongly on this crime designed to polarise society for political gain, and which terrorises a small and helpless religious community. Christians in Uttar Pradesh have recently faced a wave of physical violence and attacks on Churches and Pastors that have left the community terrorized.
We demand strong and exemplary action that ensures that criminal social cultural and political elements are deterred and the security and confidence of the minorities is restored.
Rev. Dr. Richard Howell,
General Secretary,
Evangelical Fellowship of India,
New Delhi, India
General Secretary,
Evangelical Fellowship of India,
New Delhi, India
Rev. Vijayesh Lal,
National Director,
Religious Liberty Commission,
Evangelical Fellowship of India,
New Delhi, India.
Email : vijayesh@efirlc.org
Contact No. (M): +91 9810176973
National Director,
Religious Liberty Commission,
Evangelical Fellowship of India,
New Delhi, India.
Email : vijayesh@efirlc.org
Contact No. (M): +91 9810176973
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SC: Disqualification of Union & State Cabinet Ministers responsibility of PM, CMs
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August 29th, 2014
Disqualification of Union & State Cabinet Ministers is constitutional responsibility of PM, CMs: Supreme Court of India
An ADR and NEW analysis reveals 44 (23%) out of 194 State Cabinet Ministers from 13 Assemblies (where elections were conducted in the last two years) and 12 (27%) out of 45 Union Ministers have self-declared criminal cases against themselves. (Detailed report is attached)
In a landmark judgement on Aug. 27, a five-member Constitutional Bench of the Supreme Court observed that it is not the prerogative of the Apex court to disqualify ministers facing criminal charges. Putting the ball in Prime Minister’s court, the SC held that it is the collective responsibility of the Prime Minister and Chief Ministersto keep those people against whom charges have been framed in criminal and corruption cases, out of their Cabinet.
Ideal tenets of polity observed in the judgement
- Disqualification of Minsters is not Court’s prerogative: Interpreting Article 75(1), the Supreme Court said that disqualification of Ministers cannot be added to the responsibility of Court as it is the constitutional prerogative of those functionaries who are called upon to preserve, protect, defend the organization. Thus the court cannot issue any direction to PM and CMs as to the manner in which they should exercise their power while selecting their colleagues in the Council of Ministers.
- Court’s duty is to remind PM, CMs about their role in working of constitution: The judgement said it is the bounden duty of the Court to remind the Prime Minister and the Chief Minister of the State of their duty to act in accordance with the constitutional aspirations.
- Scope and purpose of Articles 74, 75 and 164: Constitutional trust, constitutional morality and good governance are the three fundamental ingredients of Article 74, 75 and 164 and the Prime Minister and Chief Ministers are regarded as the repository of these three fundamental aspects. Thus the office of the Prime Minister is expected to carry the burden of constitutional trust.
- Whether any restriction can be placed on the operation of Article 75 (1): The Article 75(1) clearly states that the PM shall be appointed by THE PRESIDENT and the other Ministers shall be appointed by the President on the advice of the PM. Therefore as a result, such a “restriction” would amount to laying down of boundaries on the advice of PM. In instant judgement, the Apex court has respected the doctrine of “Separation of Powers.”
- PM is expected to act with constitutional responsibility: PM is expected that he should act in the interest of national polity of a nation state. He has to bear in mind that “unwarranted elements or persons” who are facing charges in certain category of offences should be prohibited from entering into our constitutional structure.
- Constitutional advice on appointment of ministers: The advice given by the Prime Minister is the constitutional advice. Prime Ministerial advice under Article 75 (1) conveys formation of his opinion and trust of people is reposed in him under the constitution. This reposing of faith in the PM by the entire nation has the expectations of good governance which is carried out by Ministers of his choice.
- Advice should be considerate, deliberate and informed one: The advice given by the PM to THE PRESIDENT in the context of Article 75 (1) has to be considerate, deliberate and informed one. Keeping in view the sanctity of oath, he takes, the PM would consider not choosing a person with criminal antecedents against whom charges have been framed for heinous or serious criminal offences or charges of corruption.
- Presumption of innocence needs to be treated differently under electoral polity:Presumption of innocence should not be considered for being chosen as a Minister in a stage of “framing of charges.” The reason behind this is that framing of charges is a judicial act by an experienced judicial mind.
Current status of criminalization of politics in India
State Cabinets
· Ministers with declared criminal cases: 44 (23%) Ministers out of 194 analyzed have declared criminal cases in their affidavits.
Ministers with serious declared criminal cases: 26 (13%) Ministers have declared serious criminal cases against themselves.
States with high percentage of Ministers with criminal cases: Among the states analysed, Telangana (90%) has the highest percentage of Ministers with criminal cases followed by Andhra Pradesh (56%), Karnataka (34%) and Odisha (27%).
States with 0% Ministers with criminal cases: None of the Ministers from the states of Chhattisgarh, Mizoram, Meghalaya, Nagaland, Tripura and Sikkim have declared criminal cases.
States with high percentage of Ministers with serious criminal cases: Telangana (80%) has the highest percentage of Ministers with serious criminal cases followed by Rajasthan (25%) and Andhra Pradesh (22%).
Chief Ministers with declared criminal cases: K.Chandrasekhar Rao of Telangana and N.Chandrababu Naidu of Andhra Pradesh have declared criminal cases against themselves.
Union Cabinet
Union Council of Ministers with declared criminal cases: 12 (27%) out of 45 Ministers have declared criminal cases against themselves.
Union Council of Ministers with declared serious criminal cases: 7 out of 45 Ministers have declared serious criminal cases against themselves.
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adr@adrIndia.org,
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IIM Ahmedabad (Retd.)
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National Election Watch, Association for Democratic
Reforms
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IIM Bangalore
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National Election Watch,
Association for Democratic Reforms
+91 94483 53285
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