...India’s 12th Five Year Plan to Focus on ‘Inclusive Growth’ Apr. 25 – As India’s government prepares to submit its approach paper for its 12th five-year plan (a plan which covers years 2012 to 2017), the Planning Commission’s focus on instilling “inclusive growth” is making headway. The plan is expected to be one that encourages the development of India’s agriculture, education, health and social welfare through government spending. It is also expected to create employment through developing India’s manufacturing sector and move the nation higher up the value chain. Prime Minister Manmohan Singh, however, warned that maintaining fiscal discipline is important as well. The commission will likely strive to enact policies that will achieve somewhere around a 10 percent growth rate in factories and a 4 percent growth rate in farm produce, though Prime Minister Singh has asked the plan to set the nation’s growth rate firmly at 9 percent to 9.5 percent. Come May, a view into the implementation of these goals should be apparent. A question that India’s government will have to grapple with, much like that of any emerging market, is whether to continue to focus on GDP growth in the face of soaring food prices and economy-wide inflation. An important aspect of generating “inclusive growth” is shifting the target of government aid to rural areas. Typically, large projects such as power generation, roads whereby freight can travel, and airports receive the lion’s share of government...
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...Twelfth Five Year Plan (2012–2017) Economic Sectors Volume II Copyright © Planning Commission (Government of India) 2013 All rights reserved. No part of this book may be reproduced or utilised in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the publisher. First published in 2013 by SAGE Publications India Pvt Ltd B1/I-1 Mohan Cooperative Industrial Area Mathura Road, New Delhi 110 044, India www.sagepub.in SAGE Publications Inc 2455 Teller Road Thousand Oaks, California 91320, USA SAGE Publications Ltd 1 Oliver’s Yard, 55 City Road London EC1Y 1SP, United Kingdom SAGE Publications Asia-Pacific Pte Ltd 33 Pekin Street #02-01 Far East Square Singapore 048763 Published by Vivek Mehra for SAGE Publications India Pvt Ltd, Phototypeset in 11/13pt Minion Pro by RECTO Graphics, Delhi and printed at Saurabh Printers, New Delhi. Library of Congress Cataloging-in-Publication Data Available ISBN: 978-81-321-1131-3 (PB) The SAGE Team: Rudra Narayan, Archita Mandal, Rajib Chatterjee and Dally Verghese Twelfth Five Year Plan (2012–2017) Economic Sectors Volume II Planning Commission Government of India Thank you for choosing a SAGE product! If you have any comment, observation or feedback, I would like to personally hear from you. Please write to me at contactceo@sagepub.in —Vivek Mehra, Managing Director and CEO, SAGE Publications India Pvt...
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...Introduction on 5 yr plan: The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway First five year plan (1951- 1956) The first Indian Prime Minister, Jawaharlal Nehru presented the first five-year plan to the Parliament of India on December 8, 1951.This plan was based on the Harrod-Domar model. The plan addressed, mainly, the agrarian sector, including investments in dams and irrigation. The agricultural sector was hit hardest by the partition of India and needed urgent attention.[3] The total planned budget of 2069 crore was allocated to seven broad areas: irrigation and energy (27.2 percent), agriculture and community development (17.4 percent), transport and communications (24 percent), industry (8.4 percent), social services (16.64 percent), land rehabilitation (4.1 percent), and for other sectors and services (2.5 percent).[4] The most important feature of this phase was active role of state in all economic sectors. Such a role was justified at that time because immediately after independence, India was facing basic problems—deficiency of capital and low capacity to save. The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6% Second five year plan (1956-1961) The second five-year plan focused on industry, especially heavy industry...
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...2012-2013 http://indiabudget.nic.in Key Features of Budget 2012-2013 APPROACH TO THE BUDGET For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan. GDP is estimated to grow by 6.9 per cent in 2011-12, after having grown at 8.4 per cent in preceding two years. India however remains front runner in economic growth in any cross-country comparison. Monetary and fiscal policy response for better part of past 2 years aimed at taming domestic inflationary pressure. Growth moderated and fiscal balance deteriorated due to tight monetary policy and expanded outlays. Indicators suggest that economy is turning around as core sectors and manufacturing show signs of recovery. At this juncture, it is necessary to take hard decision to improve macroeconomic environment and strengthen domestic growth drivers. Twelfth Five Year Plan to be launched with the aim of “faster, sustainable and more inclusive growth”. Five objectives identified to be addressed effectively in ensuing fiscal year. If India can build on its economic strength, it can be a source of stability for world economy and a safe destination for restless global capital. OVERVIEW OF THE ECONOMY GDP growth estimated at 6.9 per cent in real terms in 2011-12. Slowdown in comparison to preceding two years is primarily due to deceleration in industrial growth. Headline inflation...
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...2012-2013 http://indiabudget.nic.in Key Features of Budget 2012-2013 APPROACH TO THE BUDGET For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan. GDP is estimated to grow by 6.9 per cent in 2011-12, after having grown at 8.4 per cent in preceding two years. India however remains front runner in economic growth in any cross-country comparison. Monetary and fiscal policy response for better part of past 2 years aimed at taming domestic inflationary pressure. Growth moderated and fiscal balance deteriorated due to tight monetary policy and expanded outlays. Indicators suggest that economy is turning around as core sectors and manufacturing show signs of recovery. At this juncture, it is necessary to take hard decision to improve macroeconomic environment and strengthen domestic growth drivers. Twelfth Five Year Plan to be launched with the aim of “faster, sustainable and more inclusive growth”. Five objectives identified to be addressed effectively in ensuing fiscal year. If India can build on its economic strength, it can be a source of stability for world economy and a safe destination for restless global capital. OVERVIEW OF THE ECONOMY GDP growth estimated at 6.9 per cent in real terms in 2011-12. Slowdown in comparison to preceding two years is primarily due to deceleration in industrial growth. Headline inflation...
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...CONSTRUCTION SECTOR IN INDIA HISTORY Indian Construction Industry is highly fragmented. There are mostly unorganized players in the industry which work on the subcontracting basis. As the Construction activity being labor intensive, construction companies have been mainly focusing on mechanization over past few years. Consequently, growth in quantum of labourers required has declined from 1.6% in FY 04 to 0.9% in FY 08. Projects in Construction industry are mostly working capital intensive. | | The Indian construction industry forms an integral part of the economy and a conduit for a substantial part of its development investment, is poised for growth on account of industrialization, urbanization, economic development and people's rising expectations for improved quality of living. Construction constitutes 40% to 50% of India's capital expenditure on projects in various sectors such as highways, roads, railways, energy, airports, irrigation, etc and is the second largest industry in India after agriculture. It accounts for about 11% of India's GDP. For the first five-year plan, construction of civil works was allotted nearly 50 % of the total capital outlay. In 1954 National Industrial Development Corporation (NIDC), was set up in the public sector which is the first professional consultancy company. Then later many architectural, design engineering and construction companies were set up in the public sector (Indian Railways Construction Limited (IRCON), National Buildings...
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...Welfarism Name: Prakhil Mishra Semester : IV Roll no.: 13BAL027 Table of contents Sr.No. | Content | Page number | 1 | Abstract | 03 | 2 | Introduction | 04 | 3 | Why health expenditure is important | 04 | 4 | Trends in public spending | 05 | 5 | Core areas of spending | 10 | 6 | Conclusion and critical comments | 11 | 7 | Learning outcomes | 12 | 8 | Bibliography | 12 | Abstract Healthcare is a prime indicator of the development in a country. It is the basic function of a state to look after the needs of its citizens pertaining to health and nutrition. In India, there are high numbers of malnourished and undernourished people, and most of them are children under the age of fourteen. Health expenditure in India is a holistic approach of the government as a welfare state to ensure proper distribution at highly subsidized rates for the resource less people. The paper deliberates upon the government spending on health (Where it spends and how much it spends) and tracing of the changing trends in entailment of expenditure. Key matter of contention includes: * Introduction to public spending on health * Why spending on health is important * Changing trends in public spending on health and family welfare * Core areas where spending is done: analysis with the help of laws * Conclusion and critical analysis Key words: health expenditure, crop distribution, subsidies, changing trends Introduction From the time immemorial, the public spending on health has...
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...As far as we know, anatomy is the oldest medical science. Cave paintings of the early Stone Age, about 30,000 years ago,* show a simple knowledge of the anatomy of animals, and it is assumed that these cave dwellers applied some of their anatomical knowledge to their own bodies. The civilizations of the Babylonians, as Syrians, Egyptians, Chinese, and Hindus made no serious attempt to learn anatomy because they were interested in the supernatural world, not the natural one, and their cultures placed strong religious restrictions against debasing the body. Any anatomical dissections that were performed on animals were made to "study" organs in an effort to predict the future and to tell fortunes. *The Stone Age, the earliest known period of human culture, is characterized by the use of small stone tools. Anatomy in Ancient Greece The systematic study of anatomy may have begun in the fifth century B.C ., with the work of two Greek scientists, Alcmaeon (ca. 500 B.C.) in Italy andEmpedocles (ca. 490-430 B.C) in Sicily, where Greek culture and science flourished. Alcmaeon was probably the first person to dissect the human body for research purposes, and he is also given credit for proposing that the brain is the center of intelligence. Empedocles, who believed that the heart distributed life-giving heat to the body, initiated the idea that an ethereal substance called pneuma, which was both life and soul, flowed through the blood vessels. Although such early anatomists were often...
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...many small political and economic units ruled by powerful families. France had close linguistic and cultural ties to northern Spain. However, by the end of the twelfth century the lands in the île-de-France region Henry the IV rules Germany and the Holy Roman Empire. William of Normandy in Pilgrimage: With a new found economy, the popularity of religious pilgrimages began to rise. The most popular destinations being the Constantinian Churches in Rome, the church of the Holy Sepulchre in Jerusalem, and Cathedral of Santiago de Compostela in Spain. It is here where the body of Saint James, one of the twelve apostles, is distinguished by being the first apostle martyred. He was also...
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...Japan has a system that costs half as much and usually achieves better medical outcomes than the American Healthcare System. After extensive research it seems certain government regulations work in favor of Japans Healthcare System. Japan has a tight grip on its system by banning insurance company profits, limiting doctor fees and accepting shortcomings in care that many Americans would find intolerable. National health insurance in Japan is the result of a gradual process that can be traced back to 1905 when companies began providing limited benefits for its employees. In the years afterward more and more corporations began offering benefits through mutual aid societies. A health insurance law was developed in 1922 that was inspired by the German system established by Chancellor Otto von Bismarck in 1883. The law was implemented in 1927, mandating coverage by enterprises and it created an important role for the government as far as provisioning health insurance to those not covered by employers. In 1938, health insurance was extended to those who were self-employed such as farmers, fishermen, foresters and other groups not covered by the 1922 law. By 1938 the law was revised to include the remaining 30 percent of the population who had not previously been covered. This revision was the first step in extending health insurance to occupational groups. Every government jurisdiction was required to provide health insurance to every uncovered resident by 1961. Since 1961 all Japanese...
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...Fiscal Developments and Public Finance CHAPTER 3 4.8 per cent of gross domestic product (GDP) from 6.5 per cent of GDP in 2009-10. The Budget for 2011-12 estimated a further reduction to 4.6 per cent of GDP to be achieved through a 16 per cent growth in tax revenue, disinvestment receipts of ` 40,000 crore and moderation in growth in expenditure to 4.9 per cent. Economic developments in the current fiscal have panned out very differently than was envisaged at the time of budget formulation. With a sharp deceleration in real GDP growth, particularly in the industry sector and continued high levels of prices in key commodities, a slippage is likely in the deficit targets envisaged at the time of Budget Estimates. However, with states performing better in overall terms, the combined deficit of the centre and states appears to be on firmer footing, which augurs well for strengthening medium-term macroeconomic prospects. The medium-term outlook is firmly on the consolidation path; albeit with a likely longer tail in terms of time horizon. Rapid fiscal consolidation was effected in 2010-11 with fiscal deficit dropping to 3.2 The macroeconomic environment has been under stress since 2008-09 when the global economic and financial crisis unfolded, necessitating rapid calibration of policies. Fiscal expansion followed in 2008-09 and 2009-10 did yield macroeconomic dividends in the form of a sharp recovery in 2009-10, which stabilized in 2010-11 at the same 8.4 per cent level...
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...A Hunter’s Life Heroes these days are seen as having superpowers and saving everyone they can. They seem to get their names out in the spotlights. This can be seen as the very rough outline of a hero’s story. However, Joseph Campbell wrote out a pattern that seems to be true for many heroes in today’s popular culture, known as “The Hero’s Journey.” Eric Kripke has certainly demonstrated Campbell’s hero pattern with twelve steps, when he created the character, Dean Winchester, in the hit television series, Supernatural. The Hero’s Journey’s first step, known as “The Ordinary World” which has the hero living his or her life in peace and quiet. The very first five minutes start out with a four year-old Dean running into his infant brother, Sam’s nursery to say goodnight to him. He is greeted by his parents, John and Mary who tuck both the young boys in for the night. So, Dean is living the normal life of a young boy with his and loving parents and little brother....
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...International Human Resource Management and Organizational Behavior I 29th of March 2012 Offshoring: The next industrial Revolution? Summary The article consists of the idea that the third industrial revolutions is coming within the next couple of decades. Economists believe that this in merely an international business as usual, and that it will improve each nation comparative advantages. This revolution will not include shifts from the agriculture to the manufacturing, nor the manufacturing to the service sector, but will consist of offshoring of service jobs from the richer countries to the poorer ones, since the labor is cheaper there. The article takes Blinders thesis, and tells us about the positive aspects of it, and the negative. Economic theorists accordingly divide the world’s goods and services into two bins, tradable and nontradable, and it moves only in one direction, that is, more and more items become tradable. People say that the third industrial revolution will require vast and unsettling adjustments, and that we have done that before with the other two revolutions. We should not fear, since according to the other two, the revolution will not mean the end of service jobs, nor cause widespread unemployment. Also not all service jobs can be offshored. The world gained a lot from the first two revolutions, and is likely to do so from the third one as well. The article also focuses on improving the safety net in the USA to support works that lose their jobs...
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...Poverty, Rural Development and Inclusive Growth Group 07 Poverty, Rural Development & Inclusive Growth In this report we would be focusing on Sustainable Inclusive Growth Background Post independence a combination of protectionist, import substitution and Fabian social democratic – inspired policies governed India. Economy was characterized by extensive regulation and public ownership of large monopolies. Owing to economic liberalization in 1991, the country moved to a market based economy and slowly established itself as the world’s fastest growing economies when it reached its highest recorded GDP growth rate of 9%. However there has been significant debate, around liberalization as an inclusive economic growth strategy. Since 1992, income inequality has deepened in India with the wealthiest generating consumption growth and the consumption among the poorest remaining stable. With India’s Gross domestic product (GDP) growth rate touching a decade long low in 2012-13 , growing merely at 5%, more criticism of India's economic reforms surfaced, citing failure to address employment growth, nutritional values in terms of food intake in calories, and also exports growth - and thereby leading to a worsening level of current account deficit compared to the prior to the reform period. Growth that is not inclusive affects the society, the economy and the polity by resulting in real and perceived inequities Thus making growth more inclusive and addressing widespread poverty...
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... 1 EXECUTIVE SUMMARY 3 2 TIM HORTONS MISSION AND VISION STATEMENTS 3 2.1 Mission Statement 3 2.2 Vision 3 3 HISTORY 3 3.1 Tim Hortons Brand 4 4 PAST STRATEGY 4 4.1 Merger with Wendy’s International lnc. 4 5 CURRENT STRATEGY 5 5.1 Brand Recognition 5 5.2 Unique Business Model 5 5.3 Market Expansion into the U.S. 6 5.4 Co-Branding – Cold Stone Creamery 7 5.5 Community Involvement (Children’s Foundation) 7 5.6 Coffee Partnership - Working within the Industry Value Chain 8 5.7 Measures Of Performance 9 6 FUTURE STRATEGY 9 6.1 Five Key Points for 2010-2013 Strategic Plans 9 6.2 U.S. Market expansion 10 6.3 Market Leader in Canada 10 6.4 International Strategy 11 7 CONCLUSION 11 8 APPENDIX 12 9 REFERENCES 12 1 Executive Summary A strategic business analysis of Tim Hortons’ restaurant chain was conducted and action plan is recommended. We are the Vice President of Marketing and Chief Financial Officer and presenting this report to the shareholders of Tim Hortons. This report includes a review of Tim Hortons’ past strategies by focusing on its origins from the beginning to the establishment of their valuable “Brand” reputation in Canada. We will perform an analysis of the past, present, and future strategies of the business. 2 Tim Hortons Mission and Vision Statements 2.1 Mission Statement: Our guiding mission is to deliver superior quality products and services for our guests and communities through...
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